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Australia adhesive manufacturing market: $765 million industry by 2018

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Adhesive Manufacturing in Australia - Industry Market Research Report - a new market research report on companiesandmarkets.com

 

PR-Inside.com: 2014-03-14 05:43:02
A small and specialist industry, the Adhesive Manufacturing industry is involved in the production of prepared adhesives and glues. These are essentially raw material inputs used by a host of downstream industries for different applications ranging from automotive engineering to bonded houses and footwear. Over the past decade, the industry has benefited from the continued move away from traditional joining processes such as welding, with a growing number of production processes now relying on structural adhesive bonding processes.

At the same time, the industry has been adversely affected by sustained weak conditions from particular market segments including those undergoing structural change such as Australias automotive, packaging and footwear industries. Cyclical conditions in the nations construction industries have also affected industry performance.

Having performing poorly over much of the past five years, industry revenue is expected to contract by a further 2.1% in 2012-13 to reach $710 million. This compares with $825 million five years earlier and equates to an annualised contraction of 3.0% over the five years.

The outlook for the industry in the short to medium term will continue to be dependent upon construction cycles and changes in the level of activity in the general economy. With weak growth expected, industry revenue is forecast to be worth $765 million in 2017-18 following annualised growth of 1.5%. While new adhesive applications and the growing array of green product offerings will help stimulate growth, much of this will be offset by continued subdued demand conditions from mature or cyclical market segments.

The industrys performance will be influenced by the growing demand for green products (including environmentally friendly adhesives and bio-adhesives) and the increasing adoption of sustainable production, consumption and environmental management systems by both the industry and its end customers. This will boost production of products with environmentally friendly properties derived from sustainable raw materials and those manufactured via environmentally friendly processes.

Report Scope

Companies in this industry primarily manufacture glues, adhesives (except bituminous) and other bonding materials of an organic nature. Adhesives are used in a vast array of different applications from automotive, engineering and aerospace to bonded communications, footwear and bonded houses and as such are a key raw material input used by a host of downstream industries.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

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Mike King
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