MarketTrends<br>U.S. Specialty Adhesives Demand to Reach $3 Billion in 2007
Specialty adhesive demand in the US is forecast to increase 6.7 percent per year from a relatively weak 2002 base to $3 bil. in 2007, with market volume forecast to rise 4 percent per year to 780 mil. lbs.
Advances will benefit from a solid outlook in key durable goods end uses, particularly electronic components, medical products and aerospace equipment. In terms of product mix, cyanoacrylates will achieve the most rapid gains, primarily due to expanding applications in both the medical products and on-site construction markets. Specialty adhesives represent about 4 percent of volume demand for the U.S. adhesives industry, but about one-quarter of total dollar value based on their higher prices. These and other trends are presented in Specialty Adhesives, a study from the Freedonia Group Inc., a Cleveland-based industrial market research firm.