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Germany: Market Study Growing Importance of Adhesives

| Editor: Alexander Stark

Adhesives are growing more important in industrial products, in the construction industry, in sports and leisure articles, and in many other segments.

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Ceresana publishes market study about adhesives
Ceresana publishes market study about adhesives
(Source: Ceresana)

Constance/Germany — For the third time already, Ceresana analyzed the global market: Almost 14 million tonnes of adhesives are consumed worldwide. According to the latest study, adhesive revenues will rise worldwide by 3.6 % per year until 2024.

Vinyls beat Acrylics

The most important type of product in 2016 were vinyl adhesives with a demand volume of over four million tonnes, followed at a great distance by acrylic adhesives in second place. There is a wide variety of vinyl adhesives. Products based on polyvinyl acetate (PVAC) are among the most important ones. Polyvinyl alcohol (PVA), manufactured from polyvinyl acetate, is used as an adhesive for porous materials, such as paper, cardboard, wood, cork, and leather. Main consumers of vinyl adhesives are the paper, packaging, wood processing and construction industries that use waterborne adhesives or hot melts in particular.

Adhesives for Asia

In 2016, Asia-Pacific generated more than one third of global market value of adhesives, followed by North America and Western Europe. In the current study, information regarding demand, production, import, and export since 2008 are offered for the 17 most important national markets — and forecasts up to 2024 in addition. A detailed report will be given on vinyls, acrylics, polyurethane, elastomers, epoxy and other types of adhesives.

Building with Water

The most important sales market for adhesives in 2016 was the construction industry. Almost 30 % of global demand was accounted for by wall and floor coverings, maintenance, building refurbishment, paneling, panels or for thermal insulation material.

Waterborne adhesives accounted for about 49 % of overall worldwide demand. Demand for hot melts ranked second at a great distance, followed by solvent borne adhesives.

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(ID:44881565)