Global consumption of formulated adhesives was 10.24 million metric tons in 2014, worth $29.4 billion, according to a recent study from Kusumgar, Nerlfi & Growney. Volume has increased modestly since the 2009 recession, and a 5% annual growth rate is forecast through 2019. Growth in Europe and North America is forecast at a mature 2% annual rate, while the Asia-Pacific region, led by China, is expected to expand at a 7% annual rate. China represented two-thirds of the formulated adhesive volume in the Asia-Pacific region in 2014, and 32% of the global share. Adhesive growth in China is moderating, but a still robust 8% annual growth rate is forecast through 2019. Japan is the second-largest consumer in Asia-Pacific, with 8% of the volume and a growth forecast at only 1% per year. India is third in the region with 6% of the volume, but is predicted to surpass Japan by 2019 due to a forecasted double-digit growth rate.
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