Adhesives & Sealants Industry Top Stories

RSS

The global specialty chemicals market is expected to reach $1.79 trillion by 2025, according to a recent report by Grand View Research Inc. The growing popularity of high-value chemicals that are crucial to developing novel products is reportedly a major driving factor for the industry.

The U.S. adhesives market reached $15.8 billion in 2016; sealants grew to $2.4 billion. Volume growth in each appears to be less than 2% from our interviews of industry participants. Figure 1 shows a breakdown of the U.S. market by end use in terms of value.

Top executives will gather at the Adhesive and Sealant Council’s 2017 Executive Leadership Conference, scheduled to take place October 16-18 at the Westin LaPaloma Resort and Spa in Tucson, Ariz. The event promises to be an opportunity to network and learn from thought leaders in the industry. Topics to be discussed include key chemical industry developments as these relate to the adhesives and sealants industry, acquisition integration, innovation trends, and more.

Laminating adhesives (LAs) comprise a relevant and growing segment among energy-curable product markets. Initially regarded as being too expensive and not technically advanced enough for laminating applications, these adhesives have become major players in the converting and packaging industries, particularly in specialty applications.

Elastic bonding adhesives are found around the world in many industries, including construction, packaging, footwear, electronics, medical and transportation. They are essential for applications requiring strong joints without perforating substrates, a certain amount of flexibility to accommodate movement such as material expansion, protection from corrosion or the elements, and durability.

This issue of Adhesives & Sealants Industry magazine brings the ASI Top 25, our exclusive ranking of the leading 25 worldwide manufacturers of adhesives and sealants. ASI combined reader survey information with details from company websites, annual reports and press releases to compile the rankings. Included with each company’s listing are contact information, estimated 2016 sales figures (if publishable), a company profile, and news highlights.

Our industry has seen an unprecedented increase in moisture-related claims due to many factors associated with a wider selection of floor coverings in use. These factors range from fast-track building construction and the increased use of non-standard size flooring tiles and planks to a reduction in porous floor-covering backings, as well as improperly specified and applied adhesives, improperly trained installers and poor drainage.

U.S. adhesives consumption continued to grow in 2015, a positive trend that began after the culmination of the global recession seven years ago. Compared to 2014, the market has increased by 3% in value terms to $11.3 billion, and by 18% when compared with 2008.

If you own a company that participates in the global adhesives and sealants industry, you’ve likely enjoyed several years of sustained growth bolstered by the performance of major end use sectors such as packaging, construction, and automotive.

When most people think about sustainability in manufacturing, they think “green”—as in using less energy per unit of output, using materials that are more environmentally friendly, generating less waste, etc. These are all worthy components of sustainable manufacturing, aimed at reducing the consumption of limited resources so that our businesses can continue to grow today and prosper tomorrow.