Construction lifts sealant forecast
Demand in the United States for adhesives and sealants is forecast to grow 2.8% per year to $6.4 billion pounds in 2019, valued at $12.8 billion.
That’s one of the top-line findings from research from Cleveland-based The Freedonia Group, in its “Adhesives & Sealants” report.
Specifically in the construction industry, where U.S. adhesives and sealants demand declined 1.0% in the years from 2009 to 2014, annual growth from 2014 to 2019 is forecast to grow 6.1%.
Adhesive bonding technologies will make further inroads in applications historically dominated by mechanical fasteners and other alternative joining systems,” said analyst Carolyn Zulandt.
Leading the way through the period of growth, according to the report, will be emulsion and dispersion adhesives. Sealants will remain the leading product type in the sector.