Over the five years to 2017, this industry is expected to experience marginal growth, aided by increased demand for industry goods from downstream markets. Over the past five years, increases in consumer confidence and consumer spending led to rebounds in construction activity and new car sales early in the period. To meet consumer demand, these downstream markets increased their output, leading to a rise in demand for adhesive products. However, demand from these downstream markets slowed later in the period, contributing to the industry's limited growth. Over the five years to 2022, the price of key inputs, such as corn and plastic materials and resins, is anticipated to increase during the period, enabling operators to pass on price increases to their customers and experience slightly improved revenue growth.
This industry manufactures adhesives, glues and caulking compounds. Adhesives are materials that are initially fluid or semifluid, but when placed between two opposing solid materials, they become solids. They bond to the surfaces they are applied to and prevent joint movement. This industry excludes asphalt, dental and gypsum-based adhesives.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.