The Freedonia Group has forecasted the national demand of adhesives and sealants will reach $12.8 billion by 2019.
The research predicts the demand will increase 2.8 percent per year to reach 3 billion kg (6.4 billion lb), valuing at $12.8 billion. Emulsion and dispersion adhesives and sealants will remain the leading product types through to 2019; reactive adhesives and sealants—such as silicone and polyurethane—will have the fastest annual growth due to their high quality performances.
Manufacturing and assembly are forecasted to continue to be the largest market for adhesives and sealants, where tapes and labels will remain the leading outlet. However, the aerospace, machinery, motor vehicle, electrical, and electronic markets are expected to increase due to the continuation of adhesives and sealants displacing alternative fasteners.
The displacement of solvent-based products is anticipated to support increases because users strive to meet emissions regulations by adopting water-based or higher-solids formulation products.
“Adhesive bonding technologies will make further inroads in applications historically dominated by mechanical fasteners and other alternative joining systems,” said lead analyst Carolyn Zulandt.
Thanks for sharing this information about adhesive and sealant demand rates. I had no idea that there is going to be such a steady increase in demand over so many years. If anything, the growth rate would be a little more exponential since there is a lot of industrial growth going on at the same time. Either way, it seems indisputable that adhesive and sealant demand will only increase.