Will Increasing U.S. Demand for Shale Gas and Tight Oil Affect the Adhesives Industry?
Demand for products and services related to the development of shale gas and tight oil resources in the U.S. is forecast to rise 3.5% annually to $98 billion in 2017, according to a recent study from The Freedonia Group Inc.
“Growth in tight oil applications will continue to be strong, supported by high oil prices and the development of newer liquids-rich plays,” said Lee Steinbock, analyst. In addition, the outlook for dry gas plays is expected to improve as natural gas prices increase, especially after 2017.