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U.S. adhesive market growth accelerated
The US adhesives and sealants market has accelerated growth. Experts predict that US adhesives and sealants market sales will grow at a faster rate in the coming years, mainly due to the gradual increase in selling prices, and the products required by the market are shifting to the high end. The US sealer market had sales of about $ 1.8 billion last year and is expected to grow 4.2% annually from now until 2010. The number of sales last year stayed at 680 million pounds , and it is expected that there will be an increase of 2.6% annually from now to 2010 . Among the sealant raw materials, the consumption of silicone and urethane rubber will continue to occupy a major position; other raw materials such as latex and butyl rubber will be followed. At present, the main market for adhesives and sealants is construction, followed by transportation, daily consumer goods and industrial equipment. The construction industry is currently weak, and the demand for the transportation industry is growing. The application of sealants in the fields of noise and shockproof is the main growth point. With respect to adhesives, the market size of the United States in 2007 was US$9.5 billion. From now until 2010, the annual growth rate will be 6%. The number of sales in 2007 was approximately 6.6 billion pounds. From now until 2010, there will be an annual growth of 3%.
   The most important markets for adhesives and sealants in the United States are paper products and related products, followed by construction, industrial assembly, wood products, and transportation. The growth rate in the paper product market is expected to reach 3.8%, while the growth rate in the remaining areas is mostly in the range of 1.5% to 2%. Integration within the industry is also actively conducted. Henkel recently acquired AkzoNobel's adhesives and electronics raw materials business, making Henkel the world leader in adhesives and sealants markets. At the same time, Hexun Specialty Chemicals is acquiring Huntsman Group related businesses. At present, the global sales volume of the adhesives and sealants market is approximately 27 billion to 30 billion U.S. dollars, of which the U.S. market consumption is 11 billion U.S. dollars, accounting for about one-third of the global market. Due to the strong demand for adhesives/sealants, in recent years, some large US production companies have stepped up their efforts to expand production. As early as in 2005, Hexion Specialty Chemicals of the United States purchased Akzo Nobel's ink and adhesive resin assets for US$113 million; BASF completed the expansion of its Gassemar device in the United States, enabling adhesives and other uses to be aggregated. The ether amine production capacity increased by a factor of two.
   In addition, Dow Corning will invest in the production of silicone resin in India and other regions and GE Silicones, Germany, etc.; Sika Corporation of Switzerland will invest 17.8 million US dollars, will its US Lyndhurst polyurethane adhesive / sealant The production capacity of the production plant is doubled. With the rising prices of international crude oil and chemical raw materials, U.S. adhesive and sealant manufacturers have recently raised their prices. Among them: Romjas has announced that from July 1st, all adhesive emulsion products sold in Europe will increase prices by 6 to 8%, including pressure-sensitive adhesives and construction adhesives, leak-proof sealants, etc. Acrylic and styrene-acrylic series adhesives; National Starch and Chemical decided to increase price for Duro-Tak and Nacor PSAs from August 1st to 5th. Albemarle will increase the price of Sanibrom brand brominated water treatment chemicals sold globally by 15% from July 15th, or according to the contract; International Specialty Products Inc. has decided to increase special polymer since July 15. Price 6%.