Columns

Market Trends -- July 2002

June 30, 2002
/ Print / Reprints /
ShareMore
/ Text Size+
Specialty Adhesives to Reach Nearly $7 Billion In 2006

The role of adhesives in the economy is generally unrecognized. Adhesives are not only important for fix-it projects around the house but are in a great number of industrial and commercial projects. Their significance is further illustrated by the value of total U.S. shipments of all types of adhesives and sealants.

According to a new study from Business Communications Company, Inc., titled RC-176R Specialty Adhesives, the overall U.S. market for specialty adhesives was about $5.7 billion in 2001. This market is likely to reach nearly $7 billion as it grows at an average annual growth rate (AAGR) of 4.3% during the five-year forecast period.

The largest end use is packaging, which accounts for nearly 25% of the market. Currently estimated at $1.32 billion, this market is likely to use $1.6 billion of specialty adhesives by 2006. A close second is non-rigid bonding, with a $1.31 billion estimate in 2001. It is, however, growing at a faster AAGR of 4.6% and is expected to cross $1.6 billion by 2006. Dental and medical applications will show the most growth at 5.9% a year. Other fast-growing uses will be tapes and labels, electronics, and non-rigid bonding.

The major type of adhesive used is hot melt adhesives, which have almost one-quarter of the dollars. Also important are pressure sensitive adhesives, and adhesives based on polyvinyl acetate, polyurethanes and acrylics.

Adhesives are bonded by several different methods, including:

  • Polar bonding, in which the substrate may be bonded by electrostatic attraction, as with epoxies;

  • Chemical bonding, in which the adhesive and substrate react;

  • Mechanical bonding, in which there is an intermediate layer of a substance, such as a polyethylene sheet, which can absorb an adhesive into its pores.

    Convenience of application is important in the evaluation of adhesives. Rapid dispensation of controlled quantities, often under high-speed manufacturing conditions, is necessary, and adhesives must spread rapidly to a uniform thickness with good surface-wetting properties, preferably without any fire or toxicity hazard. The latter requirement obviously favors the use of aqueous dispersions.

    For more information on RC-176R Specialty Adhesives (published June 2002), contact Business Communications Co., Inc., 25 Van Zant Street, Norwalk, CT 06855; phone 203-853-4266; ext. 309; e-mail publisher@bccresearch.com; or visit www.bccresearch.com. Or Circle No. 52.

  • Did you enjoy this article? Click here to subscribe to Adhesives & Sealants Industry Magazine.

    You must login or register in order to post a comment.

    Multimedia

    Videos

    Image Galleries

    ASI April 2014 Photo Gallery

    Our April 2014 issue is now available!

    Podcasts

    ExxonMobil Tackifier Expansion

    Dwight Tozer, vice president of ExxonMobil’s Adhesion Industry business, discusses the company’s latest tackifier expansion project with Editor-in-Chief Susan Sutton.

    More Podcasts

    Adhesives & Sealants Industry Magazine

    ASI October 2014 cover

    2014 October

    You won't want to miss our October issue: industry trends from the ASC, converting and packaging, testing, a preview of The Assembly Show, and more!

    Table Of Contents Subscribe

    THE ADHESIVES STORE

    handbook-sealant-tech.gif
    Handbook of Sealant Technology

    The Handbook of Sealant Technology provides an in-depth examination of sealants, reviewing their historical developments and fundamentals, adhesion theories and properties, and today’s wide range of applications.

    More Products

    ASI 2014 Buyers GuideASI's Buyers' Guide

    Annual purchasing resource for equipment used in the manufacture/formulation of adhesives, sealants, pressure sensitives, tapes and labels and for application of finished adhesives. 

    Clear Seas Research

    With access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

    STAY CONNECTED

    facebook_40px twitter_40  youtube_40pxlinkedin_40 google+ icon ASI 30px