(PRWEB UK) 21 March 2013
The new report 'Adhesives & Sealants' available from Reportbuyer.com states that US adhesives and sealants market will grow 2.2% per year to £9.8 billion in 2017, valued at $11.8 billion. Gains will be driven by a better outlook for major adhesives and sealants markets such as paper packaging, motor vehicles, and building construction, following the recession-plagued 2007-2012 period. Demand will also benefit from trends toward increased usage of adhesive bonding compared to alternative joining technologies, such as mechanical fasteners, in product assembly applications. However, advances will be limited by trends toward high solids formulations and lower application weights, as well as market maturity and sluggish growth in a number of leading applications.
Natural adhesives and sealants will remain the largest product type to 2017, accounting for nearly 40 percent of demand. The most rapid advances are expected for reactive adhesives and sealants, fueled by the rebounding manufacturing market, as well as product substitution trends toward higher value materials. Despite decades of losing share to alternative formulations, solvent-based adhesives and sealants will see above average gains in demand, bolstered by a turnaround in the construction sector and product reformulation efforts to lower VOC emissions.
View the Adhesives & Sealants market report
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