Frost & Sullivan recent analysis revealed that the coatings, adhesives, sealants, and elastomers (C.A.S.E.) market is likely to witness excellent growth in 2021. Its key end markets—healthcare, construction, and packaging to recover quicker than expected from the impact of the pandemic. End-use industries are likely to operate to their full capacity, thereby pushing the demand for C.A.S.E. The global C.A.S.E market is estimated to reach nearly $225 billion by end of 2021, registering 2% growth from $220.5 billion last year.
“The personal protective equipment (PPE), food packaging, healthcare, and industrial machinery end-use industries will drive the market in 2021 and beyond. Adhesives specifically designed for flexible packaging applications are an emerging concept and expected to be a key R&D focus for adhesive manufacturers in 2021,” said Ganesh Dabholkar, Senior Research Analyst, Chemicals, Materials and Nutrition Practice at Frost & Sullivan. “High-precision bonding will also become a top requirement in electronics, luxury packaging, healthcare, and jewellery applications. Adhesive manufacturers should invest in product development and plan to provide exclusive technical support to their extreme-precision adhesive customers.”
Christeena Thomas, Senior Industry Analyst, Chemicals, Materials and Nutrition Practice, Frost & Sullivan, said: “Several leading coatings manufacturers are investing in the development of products with greater microbial resistance or with the ability to kill harmful microbes and thus improve the indoor air quality of residential and commercial buildings. Customers, especially in the premium segment, have been showing greater interest in coatings that ensure high antimicrobial or anti-viral properties in both the construction and transportation sectors.”
