Growth Forecast for Global CASI Market
ELMWOOD PARK, NJ - According to the consulting firm Kusumgar, Nerlfi & Growney, the global consumption of coatings, adhesives, sealants and inks (CASI) was 54.1 million tons in 2014, worth $182.6 billion. Volume growth is forecast at a 5 percent annual rate with coatings, adhesives and sealants matching the overall growth but inks trailing at only 2 percent per year. The coatings industry is the largest industry and accounts for 69 percent of the dollars. Adhesives are second with a 16 percent share and are followed by inks at 10 percent and sealants with 5 percent.
Comparing CASI consumption in metric tons by region and industry in 2014, the coatings industry is the largest outlet representing just over 70 percent of the volume and is followed by adhesives with a 19 percent share. The Asia-Pacific region consumes 46 percent of the global volume of CASI products with China alone taking 28 percent of the global tons.
Construction applications took nearly 60 percent of the global volume of CASI products in 2014 and 44 percent of the dollars. Coatings represent over three-quarters of the construction volume with architectural paint the major outlet. The automotive industry is the second-largest end use for CASI products in value with a 15 percent share and is third in volume with 8 percent of the tons. Coatings represent about 80 percent of the automotive volume and value. Packaging end uses took 9 percent of the volume and 10 percent of the dollars with inks about one half of the value and 30 percent of the pounds. Adhesives comprise 44 percent of the packaging tons and 28 percent of the dollars.
The above information is part of several recent studies by Kusumgar, Nerlfi & Growney. Interested parties are invited to contact the company by calling 201/773.0785 or by e-mail at nerlfikng@cs.com. Further information can be obtained at www.kusumgar-nerlfi-growney.com.
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