US demand to grow 6.7% annually to 2007
Demand for specialty adhesives in the United States is forecast to rise 6.7 percent per year to $3.3 billion in 2007, significantly outpacing
growth in the US economy. Specialty adhesives represent about four percent of volume demand for the US adhesives industry but about one-quarter of
total dollar value based on their higher prices. These performance adhesives are used in a range of demanding applications across a spectrum of
industries, including manufacturing and assembly operations, construction and in medical and dental settings.
Reactive types top product segment
The largest product segment within the specialty adhesives market is reactive types, such as epoxies, cyanoacrylates, anaerobics, modified acrylic
and polyurethanes. These are used mainly in assembly and manufacturing operations and the construction industry to create strong, permanent, heat
resistant bonds between a variety of substrates. In such uses, reactive adhesives will continue to find gains as they displace mechanical fasteners
and rivets. Cyanoacrylates, the most rapidly growing product segment in the specialty adhesives market, will also post gains through their emerging
use in the medical industry, particularly in external tissue bonding applications. Potential internal tissue bonding applications for these adhesives
will be one major factor driving high growth through 2007.
In addition to tissue bonding, the medical industry will provide opportunities for specialty adhesives in the manufacture of transdermal drug
patches and medical devices. Both segments will achieve rapid gains through 2007 due to a shift in demographics toward older individuals, a segment of
the population that is more likely to require medical treatment than younger individuals. Dental procedures will provide steady gains for visible
light cured materials, particularly acrylatebased products.
Study coverage
Details on these and other findings are contained in the new Freedonia study, Specialty Adhesives. Data is provided in current dollars and pounds
for the years 1992, 1997, 2002, 2007 and 2012. In addition, the study provides an overview of competitive strategies, recent merger and acquisition
activity, regulatory issues and the US macroeconomy. It also presents market share data and profiles key industry players.
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