Adhesive & sealant demand to reach $12.8 billion in four years
A new report from The Freedonia Group has pegged the U.S. adhesive and sealant market for slow and steady growth over the next couple of years.
According to the study, titled "Adhesives & Sealants," nationwide demand for the market is forecasted to increase 2.8% annually to 6.4 billion pounds, or $12.8 billion, in 2019. This will primarily be driven by renewed construction activity and a widening in the scope of adhesive and sealant applications.
“Adhesive bonding technologies will make further inroads in applications historically dominated by mechanical fasteners and other alternative joining systems," said analyst Carolyn Zulandt.
However, growth in the market will be partially offset by trends toward high solids formulations and lower application weights, as well as slow progress in the paper packaging market.
Within the category, emulsion and dispersion adhesives and sealants will lead the pack, according to The Freedonia Group, with the fastest annual growth taking place in reactive adhesives and sealants, specifically silicone and polyurethane adhesives and sealants.
Additionally, construction applications will be the fastest-growing segment, with the slowest annual gains predicted for the packaging market. Manufacturing and assembly will continue to drive the bulk of the growth, however.
Liquid Nails widens its Extreme offerings
Liquid Nails has added to its Extreme product line with the addition of Extreme Landscape Block, Stone and Timber Adhesive.
This latest offering is designed for use with stone, block and timber, including bonding and repair applications. Like other Extreme products from Liquid Nails, the adhesive is made to stand up to extreme weather conditions, bonding in temperatures ranging from 22 F to 120 F, as well as to wet or frozen materials.
“Especially when working in landscaping, professionals can’t afford downtime in inclement weather conditions,” said Mark Hembree, senior brand manager. “Many times, these projects are being completed during spring and fall months, when landscape blocks are wet and cold.”
The adhesive uses a latex-based formula for added strength. It's also a certified Greenguard Gold low-emitting material according to the Underwriters Laboratories (UL) Environment, making it suitable for indoor use.
Additionally, its plastic tube packaging allows for easy transport in an exposed truck bed.
PPG names a new president
PPG Industries has updated its executive management structure with the appointment of a new president.
Michael McGarry, the current COO, will now be president and COO, effective March 1.
In his new role, he will maintain his responsibilities overseeing the company's strategic business units and operating regions, as well as the IT, environment, health and safety, and purchasing functions.
“Michael’s appointment to president recognizes his continued leadership in driving PPG’s growth as the world’s largest coatings company,” chairman and CEO Charles Bunch said. “Michael has played a key role in important strategic actions, including PPG’s acquisition and successful integration of AkzoNobel’s North American architectural coatings business and the recently completed acquisition of Consorcio Comex. Michael’s proven ability to lead the implementation of our global business strategies will continue to be important in delivering increased shareholder value.”
McGarry has been serving in a COO capacity since last August, though his career at PPG spans 34 years. In that time, he has served in various leadership roles in the U.S., Europe and Asia, and he is credited with leading significant initiatives such as the acquisition of SigmaKalon and Consorcio Comex.
Most recently, his roles have included general manager fine chemicals, VP chlor-alkali and derivatives, VP coatings, Europe and managing directors, PPG Europe, senior VP commodity chemicals, and executive VP.
He currently serves on the boards of Axiall Corporation and Pittsburgh Glass Works LLC.
He will continue to work out of PPG's Pittsburgh headquarters, reporting to Bunch.