US Specialty Adhesive Demand to Increase to $3 Billion in 2013

PRLog (Press Release) - Oct 20, 2009 -
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According to the report “Specialty Adhesives: US industry forecasts for 2013 & 2018” available at http://www.reportbuyer.com/go/FED00495 US demand for specialty adhesives is expected to increase to $3 billion in 2013, with volume exceeding 700 million pounds. Overall demand will benefit from real (inflation-adjusted) growth in durable goods output following a period of decline between 1998 and 2008. In terms of market volume, specialty adhesives are a small component of the overall adhesive industry, representing about five percent of US adhesive demand in 2008. However, specialty adhesives are more significant with respect to market value, accounting for nearly 30 percent of overall adhesive demand due to their relatively high prices.

The 209 page report states that manufacturing and assembly operations represent the largest major market for specialty adhesives, accounting for more than three-quarters of demand in 2008. Advances will be fuelled by continued strong growth in the medical market, where specialty adhesives find use in the manufacture of medical devices, transdermal patches and medical tape. Particularly  rapid growth will be achieved by specialty adhesives used in medical tissue bonding applications. The automotive market will also drive gains as motor vehicle output rebounds from the significant declines of the 2003-2008 period.

Further promoting advances will be the continued displacement of mechanical fasteners in motor vehicle applications as auto manufacturers shift toward aluminium, plastics and composites in vehicle manufacture at the expense of steel and other materials. Additionally, increased motor vehicle output will benefit the laminated glass market, as this type of glass is used in windshields. The packaging and converting market will also achieve healthy gains based on the use of specialty adhesives in the growing flexible packaging segment.

The report “Specialty Adhesives: US industry forecasts for 2013 & 2018” is available from Report Buyer at:
http://www.reportbuyer.com/chemicals/adhesives_sealants/s...

Report Buyer product ID: FED00495

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