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According to the report, the global adhesives and sealants market amounts to $40.5 billion in sales, with a 3.3% annual growth rate through 2013. The ASC estimates the North American adhesives and sealants market at $11.1 billion, with 2.2% annual growth rate through 2013
“The market report comes out in an economic climate that might be considered ‘optimistic uncertainty,’ with general business conditions and sales forecasts showing positive signs, but unemployment and a slower than expected recovery for important market segments causing some anxiety,” said Matthew E. Croson, president. “That said, most markets are forecasted to grow, with emphasis on end use categories, including packaging, building and construction, and footwear, while transportation will have slower growth.”
The ASC North American Market Report is produced on behalf of the ASC by DPNA International, a leading market analyst and research firm and affiliate member of the council.
For more information, visit www.ascouncil.org.