 "Global adhesives & sealants market to reach $ 64 bn by 2019")
Worldwide demand for adhesives and sealants is forecast to rise 4.5 percent per year through 2019 to 20.2 million metric tonnes (MMT), valued at $64 billion, from 16.14 5 MMT in 2014, according to Freedonia Group’s new report.
Strong growth in construction activity will underpin advances, driven by increased urbanisation and infrastructure improvements in developing countries, combined with rebounding construction spending in Western Europe and the US. Expanding manufacturing output - particularly in emerging Asia/Pacific economies - is expected to fuel growth across a number of segments, boosting adhesive and sealant use in packaging, tapes and labels, motor vehicles, electronics, and footwear applications, among others.
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 adhesives-intensive industries - including electronics, footwear, furniture, and machinery - will bolster the country’s position as the top adhesive and sealant consumer through 2019. “Construction spending will remain robust in China, fueling demand for silicone and epoxy sealants, flooring and wall covering adhesives, and other products,” said Carolyn Zulandt, analyst, Freedonia.
Suppliers of packaging adhesives are expected to 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.
Strong growth in construction activity will underpin advances, driven by increased urbanisation and infrastructure improvements in developing countries, combined with rebounding construction spending in Western Europe and the US. Expanding manufacturing output - particularly in emerging Asia/Pacific economies - is expected to fuel growth across a number of segments, boosting adhesive and sealant use in packaging, tapes and labels, motor vehicles, electronics, and footwear applications, among others.
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.
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India is expected to post the most rapid advances of any major market, fueled by robust increases in construction spending and motor vehicle output. In India’s automotive sector, rising motor vehicle sales are fueling output and capacity expansions by major OEMs, boosting sales of epoxies, polyurethanes, and other adhesive and sealant types. Similar trends will also spur demand growth in the auto industries of Thailand and other emerging economies.
China’s global dominance in several adhesives-intensive industries - including electronics, footwear, furniture, and machinery - will bolster the country’s position as the top adhesive and sealant consumer through 2019. “Construction spending will remain robust in China, fueling demand for silicone and epoxy sealants, flooring and wall covering adhesives, and other products,” said Carolyn Zulandt, analyst, Freedonia.
Suppliers of packaging adhesives are expected to 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.