Asia-Pacific Region Spurs Demand for Adhesives and Sealants
BETHESDA, MD – The Adhesive and Sealant Council (ASC) expects the Asia-Pacific region’s total adhesive and sealant demand to grow 5 percent annually through 2015, reaching 11 billion pounds of wet formulated product. The market currently stands at 9.7 billion pounds of wet formulated product, with an estimated market value of approximately $13.8 billion.
“The Asia-Pacific region data continues to indicate a positive growth curve, with all countries showing positive trends,” noted Matthew E. Croson, President of ASC. “In fact, it remains the fastest-growing region for adhesives and sealants on a global basis through 2015.”