International. A market analysis by Ceresana forecasts profits of around $50 billion in the global adhesives market for 2019.
The economic development of emerging countries such as Brazil, China, India and Russia will stimulate that growth. In addition, analysts estimate that this market will increase by 2.9% annually, over the next eight years, which means that it will accelerate compared to the last eight years.
According to the report, the largest group is vinyl base adhesives. About $3.5 billion tons of this type were traded in 2011. Above average growth of more than 3% per year is expected for the demand for acrylic-based adhesives during the period 2011 to 2019.
Among other outstanding figures, Ceresana affirms that more than half of the adhesives that are marketed are water-based and that this trend will continue. The construction industry will become the most important market for this sector with an estimated 3.4%.
