Construction Growth Driving Adhesive and Sealant Demand
Strong growth in construction activity will underpin advances, driven by increased urbanization and infrastructure improvements in developing countries.
Global demand for adhesives and sealants is forecast to rise 4.5% per year through 2019 to 20.2 million metric tons, valued at $64 billion. Strong growth in construction activity will underpin advances, driven by increased urbanization and infrastructure improvements in developing countries, combined with rebounding construction spending in Western Europe and the U.S.
Expanding manufacturing output particularly in emerging Asia-Pacific economies is expected to fuel growth across a number of segments, boosting adhesive and sealant use in packaging, tapes and labels, motor vehicles, electronics, and footwear applications, among others. Increasing adoption of adhesive bonding technologies designed to replace or augment mechanical fasteners will provide additional growth opportunities for adhesives suppliers worldwide, as will the availability of improved, high-performance products. These and other trends are presented in “World Adhesives & Sealants,” a recent study from The Freedonia Group Inc.