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Markets :: Specialty Chemicals :: Adhesives and sealants
Developing Nations Drive Demand
1:38 PM MDT | August 6, 2007 | Kerri Walsh with Kate Phillips
Developing regions, particularly China, are driving demand in the $23.8 billion global adhesives and sealants market, says John Lowry, a director at Chemark Consulting Group (Pensacola, FL). The global market is growing between 3.5%-5.5%/year, depending on end-product line, technology, and geography, but the fastest-growing region is Asia, where demand is growing on average about 6%/year, Lowry says. Demand in China is increasing about 10%/year, he says. Several producers have announced capacity expansions in China and other developing regions. ICI’s...
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