Industry News, Adhesives & Sealants & Tackifiers
Link: Market Trends: Coatings, Adhesives, Sealants and Inks Continue to Grow | ASI
Global consumption of coatings, adhesives, sealants and inks (CASI) was 54.1 million tons in 2014, worth $182.6 billion, according to Kusumgar, Nerlfi & Growney. Volume growth is forecast at a 5% annual rate, with coatings, adhesives and sealants matching the overall growth, but inks trailing at only 2% per year.
As shown in Figure 1, the coatings industry is the largest segment and accounts for 69% of the value. Adhesives are second with a 16% share, followed by inks at 10% and sealants with 5%.
Table 1 shows CASI consumption in metric tons by region and industry in 2014. The coatings industry is the largest outlet, representing just over 70% of the volume, followed by adhesives with a 19% share. The Asia-Pacific region consumes 46% of the global volume of CASI products, with China alone taking 28% of the global tonnage.
Region | Coatings | Adhesives | Sealants | Inks | Total |
China | 10,600 | 3,240 | 500 | 650 | 14,990 |
Japan | 1,150 | 400 | 160 | 390 | 2,100 |
India | 2,400 | 270 | 50 | 200 | 2,920 |
South Korea | 850 | 210 | 50 | 90 | 1,205 |
Rest of Asia | 2,850 | 730 | 60 | 150 | 3,790 |
Asia-Pacific | 17,850 | 4,850 | 820 | 1,480 | 25,000 |
Europe | 8,950 | 2,570 | 620 | 1,000 | 13,140 |
North America | 6,360 | 2,160 | 370 | 970 | 9,860 |
South/Central America | 2,900 | 500 | 55 | 160 | 3,615 |
Rest of world | 2,250 | 170 | 20 | 80 | 2,520 |
Total | 38,310 | 10,250 | 1,885 | 3,690 | 54,135 |
Construction applications represented nearly 60% of the global volume of CASI products in 2014 and 44% of the value. Coatings represent over three-quarters of the construction volume, with architectural paint being the major outlet. The automotive industry is the second-largest end use for CASI products in value, with a 15% share, and is third in volume (8%). Coatings represent about 80% of the automotive volume and value. Packaging end uses took 9% of the volume and 10% of the value; inks represented about one-half of the value and 30% of the volume. Adhesives comprise 44% of the packaging tonnage and 28% of the value.
Copyright of this article by Adhesives & Sealants. We are sharing and promoting the market innovation.
If you like this article, kindly to visit www.adhesivesmag.com