Adhesives not sticking
11 March 2011
The adhesives market is expected to be a growing market, according to a new study
The adhesives market is expected to be a growing market, according to a new study. Research analysts Ceresana have analysed the European adhesive market and found that Germany accounts for approximately 18.5% of all demand, followed by France, Italy and the UK.
Ceresana expect that the adhesives revenue in Europe will reach €8.25 billion by 2017. Above average increases of 2.7% to 4.8% were achieved on the sales markets in Russia, Poland, and Turkey. In Western Europe, the demand for adhesives is growing in Finland and Sweden.
Paper, packaging, and the construction industry are the most important fields of application. The demand of these three areas makes up more than 58% of the adhesives manufacturing.
However, the analysts anticipate that the demand for adhesives in medical engineering and the automobile, electrical and electronics industry will see growth rates of 2.7% to 3.8%.
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