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Wednesday, 30 September 2020
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Markets & companies, Coatings market

Demand for specialty adhesives to grow in the U.S.

Monday, 2 November 2009

The Freedonia Group expects U.S. demand for specialty adhesives will grow annually by 4.4 % to reach USD 3 billion in 2013.

Specialty adhesives are more significant with respect to market value, accounting for 28 % of overall adhesive demand in the U.S. due to their relatively high prices. Source: milosluz - Fotolia.com
Specialty adhesives are more significant with respect to market value, accounting for 28 % of overall adhesive demand in the U.S. due to their rela...

U.S. demand for specialty adhesives is projected to expand 4.4 % annually to USD 3 billion in 2013, with volume reaching 705 million pounds. Overall demand will benefit from real (inflation-adjusted) growth in durable-goods output following a period of decline between 1998 and 2008. These and other trends are presented in "Specialty Adhesives", a new study from The Freedonia Group Inc. Manufacturing and assembly operations represent the largest major market for specialty adhesives, accounting for four-fifths of demand in 2008. The on-site construction market is forecast to increase rapidly through 2013, supported by accelerating construction activity. Specialty adhesives are used in both building and non-building construction applications. Growth will be fuelled by new housing activity, which is forecast to achieve double-digit annual gains.

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