Adhesives & Sealants in the US by Product and Market - Forecast to 2022: Reactive Adhesives & Sealants Will Offer the Best Opportunities - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Oct 10, 2018--The “Adhesives & Sealants in the US by Product and Market, 3rd Edition” report has been added to ResearchAndMarkets.com’s offering.
Demand for adhesives and sealants in the US is projected to increase 1.8% per year to 6.5 billion pounds in 2022.
A continued transition from mechanical fasteners to adhesive bonds in manufacturing and assembly, growing use of high performance composites and metals in motor vehicle production and aerospace applications, and increased spending on transportation and utilities construction will drive demand for adhesives and sealants.
Continued Transition from Mechanical Fasteners to Adhesive Bonding to Drive Demand for Adhesives & Sealants
Growth will be driven by increasing use of adhesives in place of mechanical fasteners by manufacturers, in particular in motor vehicles, aerospace applications, and machinery.
Water-Based Formulations to Remain the Largest Product Type Through 2022
Water-based adhesives and sealants are expected to remain the largest product type for adhesives and sealants, supported by their widespread use across a variety of applications. The ongoing shift to products with fewer volatile organic compounds will further support growth, as concerns regarding the environmental and health impact of potentially dangerous chemicals present.
Reactive Adhesives and Sealants Will Offer the Best Opportunities
Reactive formulations will provide robust opportunities through 2022, boosted by gains in construction markets, in particular nonbuilding construction, and the continued displacement of solvent-based adhesives and sealants to meet environmental regulations. Demand for natural adhesives and sealants is expected to stagnate, as manufacturers continue to demand better performance profiles than provided by natural products.
Manufacturing and Assembly Applications to Post the Largest Gains in Demand
The manufacturing and assembly market is forecast to post the fastest gains through 2022, with demand buoyed by the growing use of novel composite materials and plastics in the manufacture of motor vehicles and other transportation equipment that require higher-value adhesives and sealants. Increased spending on transportation infrastructure construction, maintenance, and repair will boost demand for adhesives and sealants in the construction market. Packaging applications will see below-average gains, with demand restrained by stagnant paper and paperboard packaging production.
This study presents historical demand data (2007, 2012, and 2017) and forecasts for 2022 by product, including water-based, reactive, hot melt, solvent-based, natural, and other adhesives and sealants. The study also evaluates US adhesives and sealants by market (packaging, manufacturing and assembly, construction, tapes and labels, and consumer and other markets.
For more information about this report visit https://www.researchandmarkets.com/research/8s3vxv/adhesives_and?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20181010005408/en/
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Related Topics:Adhesives and Sealants
KEYWORD: EUROPE NORTH AMERICA
INDUSTRY KEYWORD: MANUFACTURING CHEMICALS/PLASTICS
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 10/10/2018 06:12 AM/DISC: 10/10/2018 06:12 AM