Report: US Adhesives Demand To Rise 2.2% Annually
3/13/2013 1:59:00 AM
FEATURE
U.S. demand for adhesives and sealants will grow 2.2% per annum to 9.8 billion pounds in 2017, valued at $11.8 billion, according to a new Freedonia report.
Gains will be driven by improved outlook for major adhesives and sealants markets such as paper packaging, motor vehicles, and building construction, Adhesives and Sealants finds.
“Demand will also benefit from trends toward increased usage of adhesive bonding compared to alternative joining technologies, such as mechanical fasteners, in product assembly applications.”
The report warned that advances will be limited by trends toward high solids formulations and lower application weights, as well as market maturity and sluggish growth in a number of leading applications.
Reactive Adhesives, Sealants Exhibit Fastest Advances
Natural adhesives and sealants will remain the largest product type through 2017, accounting for nearly 40% of demand. But the most rapid advances are expected for reactive adhesives and sealants, fueled by the rebounding manufacturing market, as well as product substitution trends toward higher value materials.
Hot melts will also see healthy gains, as their amenability to fast processing speeds will promote opportunities in the packaging market, in addition to their lack of volatile organic compound (VOC) emissions.
Despite decades of losing share to alternative formulations, solvent-based adhesives and sealants will see above average gains in demand, bolstered by a turnaround in the construction sector and product reformulation efforts to lower VOC emissions.
Construction To Be The Most Rapidly Growing Market
The fastest adhesives growth is forecast for construction, which will rebound strongly from the sharp declines of the 2007-2012 period. Construction is a particularly important outlet for sealants, which are widely used in both building and nonbuilding applications. In the manufacturing and assembly market, fastest growth is expected for tapes and labels, motor vehicles, and machinery.
Nearly all markets, however, will see an improvement in adhesives and sealants demand from the performance of the 2007-2012 period.
This upcoming Freedonia industry study, Adhesives & Sealants, is priced at $5,300. It presents historical demand data (2002, 2007 and 2012) plus forecasts for 2017 and 2022 by market and product. The study also considers market environment factors, evaluates company market share, and profiles 34 US industry competitors. ©2013 GlobalFastenerNews.com
Related Stories:
• Bossard Group Reports 3rd Best Result in Company History
There are no comments at the moment, do you want to add one?
Write a comment