New Study Examines Global Adhesives Industry
The global consumption of formulated adhesives was 16.6 billion lbs in 2009, worth $20.6 billion, according to The Global Adhesives Industry, a new study by Kusumgar, Nerlfi & Growney. Volume was down by 5% compared to 2008, while value was off by 6%. Volume in North America declined 10% from 2008, while Europe experienced an 8% fall. Poundage was up slightly in the Asia-Pacific Region, as growth in China and India offset the declines in most other countries. South American consumption was down 3% in 2009.
The Asia-Pacific region led in dollars in 2009, with its consumption of just over $7 billion representing 34% of the global total. China was an outlet for nearly half of the region’s dollars and is forecast to expand at a 9% annual rate through 2014. Japan was one-fifth of the region’s value and is a mature market. India represented only 5% of the Asia-Pacific dollars but is the fastest growing country for adhesives.
Europe consumed 32% of the global adhesive dollars in 2009, with 93% in European Union member countries. Modest growth is forecast with Russia, Turkey and other Eastern European countries expected to advance faster than Western European countries. North America took 27% of the 2009 adhesive dollars. Modest growth is also forecast as the region recovers from the lows of the global recession.
South America took 5% of the global adhesive dollars in 2009, with 57% coming from Brazil. The Brazilian economy recovered faster from the recession than the developed economies of the world, and adhesive consumption in the country declined only slightly in 2009. Regional growth is forecast at 5% per year through 2014.
For more information, phone (201) 773-0785 or visit www.kusumgar-nerlfi-growney.com.
The Asia-Pacific region led in dollars in 2009, with its consumption of just over $7 billion representing 34% of the global total. China was an outlet for nearly half of the region’s dollars and is forecast to expand at a 9% annual rate through 2014. Japan was one-fifth of the region’s value and is a mature market. India represented only 5% of the Asia-Pacific dollars but is the fastest growing country for adhesives.
Europe consumed 32% of the global adhesive dollars in 2009, with 93% in European Union member countries. Modest growth is forecast with Russia, Turkey and other Eastern European countries expected to advance faster than Western European countries. North America took 27% of the 2009 adhesive dollars. Modest growth is also forecast as the region recovers from the lows of the global recession.
South America took 5% of the global adhesive dollars in 2009, with 57% coming from Brazil. The Brazilian economy recovered faster from the recession than the developed economies of the world, and adhesive consumption in the country declined only slightly in 2009. Regional growth is forecast at 5% per year through 2014.
For more information, phone (201) 773-0785 or visit www.kusumgar-nerlfi-growney.com.
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