Adhesive & sealant demand to reach $12.8 billion in four years

A new report from The Freedonia Group has pegged the U.S. adhesive and sealant market for slow and steady growth over the next couple of years.

According to the study, titled "Adhesives & Sealants," nationwide demand for the market is forecasted to increase 2.8% annually to 6.4 billion pounds, or $12.8 billion, in 2019. This will primarily be driven by renewed construction activity and a widening in the scope of adhesive and sealant applications.

A new report from The Freedonia Group has pegged the U.S. adhesive and sealant market for slow and steady growth over the next couple of years.

According to the study, titled "Adhesives & Sealants," nationwide demand for the market is forecasted to increase 2.8% annually to 6.4 billion pounds, or $12.8 billion, in 2019. This will primarily be driven by renewed construction activity and a widening in the scope of adhesive and sealant applications.

“Adhesive bonding technologies will make further inroads in applications historically dominated by mechanical fasteners and other alternative joining systems," said analyst Carolyn Zulandt.

However, growth in the market will be partially offset by trends toward high solids formulations and lower application weights, as well as slow progress in the paper packaging market.

Within the category, emulsion and dispersion adhesives and sealants will lead the pack, according to The Freedonia Group, with the fastest annual growth taking place in reactive adhesives and sealants, specifically silicone and polyurethane adhesives and sealants.

Additionally, construction applications will be the fastest-growing segment, with the slowest annual gains predicted for the packaging market. Manufacturing and assembly will continue to drive the bulk of the growth, however.