Growth Projected for Adhesives and Sealants Market
CLEVELAND – According to a newly released market study, U.S. demand for adhesives and sealants is forecast to increase 2.8% per year to 6.4 billion pounds in 2019, valued at $12.8 billion. A turnaround in construction activity, combined with the expanding use of adhesives and sealants in manufacturing and assembly, will underpin demand gains.
According to Analyst Carolyn Zulandt, “Adhesive bonding technologies will make further inroads in applications historically dominated by mechanical fasteners and other alternative joining systems.” Advances will be limited by trends toward high-solids formulations and lower application weights. Market maturity and sluggish growth in paper packaging and other key markets will further restrain increases. These and other trends are presented in Adhesives & Sealants, a new study from The Freedonia Group Inc., a Cleveland-based industry market research firm.