Adhesives market revenues to rise 3.1pc
DUBAI, October 8, 2015
Adhesives revenue is set to rise 3.1 per cent per year until 2022, with about 13 million tonnes consumed worldwide, according to a recent study.
The Ceresana study analysed the global market for adhesives, which are an evenly, calculable and durable bond for different materials, and found that the demand will rise, with no end in sight.
The Asia-Pacific region has accounted for more than a third of the global demand, it said.
Vinyl products accounted for more than four million tonnes of sales in last year and were therefore the most important types of adhesives, followed at a great distance by acrylic, polyurethane, elastomeric, epoxy and other types of adhesives.
Vinyl adhesives include products based on polyvinyl acetate (PVAC) in particular. Polyvinyl acetate is processed into polyvinyl alcohol (PVA) which in turn is used as adhesive for porous material.
They are used for paper, packaging and wood products in particular. In Western Europe, paper and packaging is the largest application area. As the sales will stagnate on a high level over the next eight years, the expectations for adhesives are tempered as well. In many emerging and developing countries, the strong construction industry will contribute to growth.
Adhesives for wall and floor coverings, paneling and panels, thermal insulation, maintenance and building refurbishment: almost 30 per cent of the overall worldwide adhesives demand was generated by the construction industry last year, which was thus the most important sales market.
The study analysed the use of adhesives in the following segments - paper and packaging, wood processing, transportation, shoes and leather, consumer goods as well as other applications.
About 49 per cent of globally consumed adhesives last year were waterborne. The remaining share was accounted for by hot melts, reactive adhesives, solvent-based adhesives, and other technologies.
Waterborne adhesives are mainly used for packaging and construction applications. Manufacturers are still investing a considerable amount of time and money in research and development in order to replace solvent-based adhesives by safe and environmentally friendly solvent-free dispersion adhesives, said the study.
Dispersion adhesives were mainly used for porous materials, which absorb the water of the fluid adhesive layer, it added. - TradeArabia News Service
