Report Highlights
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The global market for adhesives and sealants by product type was valued at $39.1 billion in 2009. This market is expected to reach $40.8 billion in 2010 and $52.1 billion in 2015, a compound annual growth rate (CAGR) of 5%.
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Medical applications are expected to exhibit faster growth than other applications. This segment was worth an estimated $1 billion in 2010 and is expected to reach nearly 1.3 billion in 2015, a compound annual growth rate (CAGR) of 5.1%.
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The construction segment will grow at a 4.9% compound annual growth rate (CAGR) over the 5-year forecast period. This segment was worth $4.8 billion in 2010 and is expected to reach a value of $6.2 billion in 2015.
INTRODUCTION
Adhesives are substances capable of holding materials together in a useful manner by surface attachment. The principal attribute of adhesives is their ability to form strong bonds with the surfaces of a wide range of materials and to retain bond strength under expected use conditions. Most adhesives do not have excellent bulk properties; therefore, it is important to keep adhesive films thin. Some materials, such as epoxies, have bulk properties that qualify them as engineering materials and thus can be used in multifunctional applications. Adhesive is a general term and includes among others cement, glue, mucilage, and paste. All of these terms are loosely used interchangeably.
- Ability to bond similar to dissimilar materials of different thickness
- Enable the fabrication of complex shapes not feasible by other fastening means
- Smooth external joint surfaces
- Permit economic and rapid assembly
- Distribute stresses uniformly cover joined interfaces
- Provide weight reduction in critical structures via the elimination of fasteners
- Dampen vibrations
- Prevent or reduce galvanic corrosion
- Provide thermal and electrical insulation
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Report Highlights
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The global market for adhesives and sealants increased from $35.6 billion in 2006 to an estimated $36.9 billion in 2007. It should reach $46.4 billion by 2012, a compound annual growth rate (CAGR) of 4.7%.
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The Far East represents the highest growth region. China, South Korea, Taiwan and Vietnam especially are expected to see significant growth.
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Products expected to see the most growth include electronics adhesives for printed wiring boards, hot melt systems and automotive applications.
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