Revenue of global adhesives industry to reach almost $50 billion by 2019

Adhesives production has gained a strong position owing to the more advanced processes. Market researchers from Ceresana expect a revenue of almost $50 billion for the global adhesives market in 2019. The dynamic economic development in emerging countries such as China, India, Russia and Brazil will stimulate further growth in demand for adhesives. The market research institution expects demand to rise by 2.9% annually in the next eight years, meaning that growth will even accelerate when compared to the last eight years.

In terms of region, the Asia-Pacific's adhesives market is expected to grow rapidly to account for the largest share with more than a third of total global demand. Ceresana forecasts that Asian countries will gain further shares of the global adhesives market in the future - at the expense of the already saturated markets in the developed countries of North America and Western Europe.

Emerging and developing countries already profit by increasing demand, especially in the construction and wood processing industries. When it was once necessary to reinforce adhesive joint with other joining technology, nowadays high-performance adhesives can undertake structural tasks by themselves. Even in applications that demand a high degree of integrity of the construction, for example in aircraft construction, adhesives reached a level that allow for a more widespread use. Adhesives joint the most diverse materials smoothly, reliably and permanently.

The major product group is adhesives based on vinyls. Almost 3.5 million tonnes of this types was demanded worldwide in 2011. An above-average growth of more than 3% p.a. is expected for the demand for acrylics-based adhesives in the period from 2011 to 2019.

More than half of the adhesives demanded on a global level in 2011 were water-based - a continuing increase of demand in the next eight years is forecast, as more and more solvent-based adhesives are replaced by other technologies. Changes due to ecological aspects will have effects on both the production processes of adhesives as well as on further substitutions of various types of adhesives.

The report further states that strongest demand comes from the packaging and construction industries. Following at a notable distance is the wood processing industry. Next are the footwear and leather, as well as transport industries and the production of consumer goods. Adhesives are used in a variety of industrial applications: in the electric and electronic industries, as special industrial adhesives or in textiles, sports goods, toys or in medical applications. With an estimated growth of 3.4% annually the construction sector will become the single largest sales market for adhesives in 2019.