Market Research Report
World Adhesives & Sealants
|Published by||Freedonia Group||Product code||350706|
|Published||Content info||417 Pages
Delivery time: 1-2 business days
|World Adhesives & Sealants|
|Published: January 26, 2016||Content info: 417 Pages||
Global demand for adhesives and sealants is forecast to grow 4.5 percent per annum through 2019 to 20.2 million metric tons, valued at $64 billion. Strong growth in construction activity worldwide will underpin advances, driven by increased urbanization and infrastructure improvements in developing countries, combined with rebounding construction spending in Western Europe and the US. Expanding manufacturing output is expected to boost adhesives and sealants usage in such applications as packaging, tapes and labels, motor vehicles, electronics, and footwear. Increasing adoption of adhesive bonding technologies, designed to replace or augment mechanical fasteners, will provide additional growth opportunities for adhesives suppliers worldwide, as will the availability of improved, high performance products.
China's global dominance in several adhesive-intensive industries will bolster the country's position as the top adhesives and sealants consumer through 2019. Construction spending will remain robust in China, fueling demand for silicone and epoxy sealants, flooring and wallcovering adhesives, among other products. Suppliers of packaging adhe-sives will benefit from growing urban populations and improving disposable incomes, which will continue to boost demand for packaged consumer goods sold in supermarkets, online, and via other retail outlets.
In India, rapid advances in construction and motor vehicle output will fuel demand. Construction activity, and related adhesives and sealants use, is expected to advance at a strong rate, supported in part by public infrastructure spending. In India's automotive sector, rising motor vehicle sales are fueling output and capacity expansions by major automakers, boosting sales of epoxies, polyurethanes, and other adhesive and sealant types. Similar trends will also spur demand in the auto industries of Thailand and other emerging economies.
Manufacturers of automobiles and aerospace equipment in West European countries are increasingly adopting adhesive bonding technologies to help reduce vehicle weight and meet more stringent fuel efficiency requirements. Growing use of lightweight aluminum components, which are typically bonded using adhesives, is also boosting product use per vehicle. Similar trends are anticipated for the US, where OEMs are using adhesives and sealants to improve vehicle fuel efficiency, create quieter cabins, and lower production costs.
The fastest annual sales gains are projected for reactive adhesives and sealants, driven by rising demand in high performance applications, including bonding and/or sealing of motor vehicle, aerospace, and electrical and electronic components. Ongoing strength in global construction activity will further boost sales, fueling purchases of epoxy, polyurethane, silicone, and other sealant types used in building construction and civil engineering projects. However, water-based types will continue to capture the largest market share, bolstered by their good performance, ease of application, and environmental friendliness compared to solvent-based products.
This Freedonia industry study, World Adhesives & Sealants presents historical demand data (2004, 2009, 2014) plus forecasts (2019, 2024) by product and market in six world regions and 18 major countries. This study also considers market environment factors, evaluates company market share, details the industry structure, and profiles 40 global competitors.