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A Growing Market in Adhesives and Sealants

HAR Adhesives Blog post

Here’s something positive even with all the troubles in the global economy—according to the technology market research company, BCC Research highlights that the market for adhesives and sealants has increased over the past few years and is on the rise worldwide.

In 2006, the market grossed $35.6 billion and is estimated to reach $46.4 billion.

  • That’s a compound annual growth rate (CAGR) of 4.7% every year

BCC Research did extensive research to take a look at regional and global markets. The report lets businesses know expected market projections and, more importantly, indicates which adhesives and sealants are expected to see the most growth. One thing is clear: Hot melt systems and products for automotive manufacturing are two of the applications expected to see the most growth. In addition, new emerging technologies in adhesives and sealants, such as electronics adhesives, are expanding the present market. And guess what? As an adhesive supplier and manufacturer, these types of adhesives are all available through HAR Adhesive Technologies. Ken Schonauer, Sales Systems and Support Manager 440-786-7185

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