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Friday, 20 September 2019
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Markets & companies

Adhesives and sealants: global market grows

Tuesday, 17 April 2012

The global adhesives and sealants market is valued at nearly USD 22 billion in 2011, up from USD 19.5 billion in 2006.

Contributing to the increased demand is the continuing economic recovery in rapidly growing emerging markets in Southeast Asia. Source: abacus/Fotolia

Contributing to the increased demand is the continuing economic recovery in rapidly growing emerging markets in Southeast Asia. Source: abacus/Fotolia

After several years of stagnant growth, the adhesives and sealants market is undergoing a period of recovery and rebirth. The global market is valued at nearly USD 22 billion in 2011, up from USD 19.5 billion in 2006, according to "Adhesives and Sealants: Global Markets, 3rd Edition” by SBI. Sealants (both structural and non-structural) comprise the fastest growth sectors of the industry. The five-year compounded annual growth rates (CAGR) since 2006 of structural and non-structural sealants are 3.7 % and 3.1 %, respectively. Synthetic resin and rubber adhesives represent the largest market value of more than USD 10.1 billion in 2011 while natural base glues and adhesives growth has been flat since 2006 hovering at the USD 1.3 billion mark. Contributing to the increased demand is the continuing economic recovery in rapidly growing emerging markets in Southeast Asia. Energy conservation and the continued development of renewable energy sources are also fueling the need for adhesives and sealants in the development of new products. Adhesives and sealants are extensively used in packaging, automotive, electronics, footwear, construction repair and remodeling, textiles, consumer goods, shipbuilding, and other miscellaneous uses.

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