China’s global dominance in several adhesives-intensive industries -- including electronics, footwear, furniture, and machinery -- will bolster the country’s position as the top adhesive and sealant consumer through 2019. According to analyst Carolyn Zulandt, “Construction spending will remain robust in China, fueling demand for silicone and epoxy sealants, flooring and wall covering adhesives, and other products.” Suppliers of packaging adhesives will benefit from growing urban populations and improving disposable incomes, which will continue to boost demand for packaged consumer goods sold in supermarkets, online, and via other retail outlets.
India is expected to post the most rapid advances of any major market, fueled by robust increases in construction spending and motor vehicle output. In India’s automotive sector, rising motor vehicle sales are fueling output and capacity expansions by major OEMs, boosting sales of epoxies, polyurethanes, and other adhesive and sealant types. Similar trends will also spur demand growth in the auto industries of Thailand and other emerging economies.