Market Trends

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The American Chemistry Council (ACC) reported that U.S. specialty chemicals market volumes ended the third quarter rising 0.2% in September.

The global hybrid adhesives and sealants market is projected to witness a compound annual growth rate of 6.02% during the forecast period of 2017 to 2023.

The self-adhesive labels market size is projected to grow from $31.06 billion in 2018 to $40.5 billion by 2023.

The global adhesive market is likely to be worth $55.8 billion by 2025.

The pressure-sensitive adhesives (PSAs) market is expected to surpass $11 billion by 2024, according to a research report by Global Market Insights Inc. The growth is due to increasing usage in the automotive and transportation industry, as PSAs are finding use as alternatives to bolts, clips, and rivets, thus improving the speed and ease of assembly.

The double-sided tape market is estimated at $9.41 billion in 2018, and is projected to reach $13.15 billion by 2023.

The spray adhesive market is projected to witness a compound annual growth rate of 5.81% over the forecast period to reach a total market size of $5.143 billion by 2023.