Adhesives & Sealants
The US adhesives and sealants market will expand 2.8% annually through 2019 in volume terms. Growth will be driven by recovering construction spending, as well as expanding adoption of adhesives in manufacturing and assembly applications.
This report segments the adhesives and sealants industry by Product and Market. Data is provided in pounds and in million US dollars.
Major adhesive and sealant product types include:
• Emulsion & Dispersion
• Hot Melt
The largest product category will bed emulsions and dispersions through 2019. Reactive adhesives and sealants will see the fastest growth, fueled by rising demand in key industrial assembly applications and the ongoing displacement of mechanical fasteners.
Key adhesive and sealant markets are:
• Manufacturing & Assembly (e.g., Tapes & Labels, Motor Vehicles, Aerospace & Other Transportation, Furniture, Machinery; Electrical & Electronic, Nonwoven Disposables)
• Consumer & Other
In manufacturing and assembly end use the most rapid increases through 2019 are forecast for the construction market, boosted by recovering spending on new building construction.
The US adhesives and sealants industry includes over 200 participants due to the large number of product formulations and end markets involved. Merger and acquisition activity in the industry is expected to continue at a brisk pace, as large suppliers expand their product offerings and widen their geographic reach through the acquisition of smaller players. Leading suppliers include Avery Dennison, Bostik (Arkema), Dow Chemical, HB Fuller, Henkel, Illinois Tool Works, MACtac, Momentive Performance Materials, PPG Industries, Royal Adhesives & Sealants, RPM International, and 3M.