US adhesives and sealants grow rapidly

SBI Consulting's research report pointed out that in the next few years, the market demand for adhesives and sealants in the United States is expected to grow at an average annual rate of about 6%, and the market value will increase from US$7.8 billion in 2005 to US$8.4 billion in 2010. SBI attributed this rapid growth to the growth of the U.S. economy (including construction, packaging, and aerospace manufacturing), the improvement of production efficiency, and the continuous expansion of new product applications. Due to the strong growth of hot-melt adhesives, epoxy resins and PVC insulation adhesives, the US adhesives market grew by 2.1% in 2005, the market size reached US$5.6 billion, and the sealant market also increased by 3.1% to reach 22%. One hundred million U.S. dollars.

Reprinted from: Bonding