The automotive adhesives market is set to grow rapidly over the coming five years as manufacturers move to lightweight vehicle designs, meet increased demand for CUVs and SUVs, and use a wide range of different materials, according to a new Smithers Apex report that forecasts a $7 billion market by 2022.
Economic sentiment remains strong globally, and is expected to remain so through 2018. Demand for TiO2 is robust, with both a strong housing market and healthy automobile sales. TiO2 demand growth for 2017 is forecast at around 2%, with 6.1 million tonnes in demand for 2017-2018.
Demand for adhesive technologies will surge across multiple industries, including automotive, flexible packaging, goods assembling and general manufacturing.
The ChemQuest Group Inc., a business strategy firm in specialty chemicals, and the Adhesive and Sealant Council (ASC) jointly announced that the 2015-2019 Water Based Adhesives in North America Market Report is now available for purchase through the ASC storefront.
Historically, solvent-borne coatings have maintained the largest share of protective and specialty coatings. However, waterborne coatings are projected to surpass solvent-borne coatings by 2020 as regulatory concerns continue to impact the protective and specialty market.
