Among adhesives and sealants, reactive types will see the fastest rate of growth in Germany through 2022. Reactive adhesives and sealants benefit from Germany’s significant manufacturing industry that produces advanced industrial products, including fuel-efficient motor vehicles and aerospace equipment. In addition to replacing mechanical fasteners, reactive products are also increasingly used for transportation equipment to bond aluminum structural components in this market.
Global demand for adhesives and sealants is forecast to rise 3.5 percent per year to 21.3 million metric tons valued at $66.3 billion in 2022. Gains will be driven by:
- Strong growth in construction activity, boosted by rising urbanization and infrastructure investment in developing regions;
- Increases in manufacturing output, particularly in emerging economies, will buoy demand in transportation equipment, consumer goods, and packaging;
- The continuing transition in manufacturing, assembly, and construction from mechanical fastening to adhesive bonding