
Transparency Market Research (TMR) anticipates that the global adhesives & sealants market which stood at USD 17.8 Bn in 2022, is poised to reach USD 36.1 Bn by 2031 at a CAGR of 8.2% between 2022 and 2031 forecast period.
Transparency Market Research (TMR) anticipates that the global adhesives & sealants market which stood at USD 17.8 Bn in 2022, is poised to reach USD 36.1 Bn by 2031 at a CAGR of 8.2% between 2022 and 2031 forecast period.
The U.S. styrene market is showing stabiity this month, following months of sharp prce decreases earler this yea. Pnces saw a nominalgrowth of 0.59% during the third week, a marginal yet notable change compared to the drastic reducions earier in the year, paricularly inSeptember when prices dropped by over 12% in a single week. December appears to be a month of relative balance for the styrene market asglobal supply constraints, driven by planned maintenance activities in Asia has reduced competitive import pressure on U.s. manufacturers.Downstream sectors continue to plav a crucial role in shapino the styrene demand across the us, The packading industry, which heaviy relie.on styrene for productions, is reporting moderate actvity this month, and cautious inventory management is imiting any strong recovery indemand. Similarly, the construction sector is experiencing slower growth as economic uncertainties afect the production and businessactivities. Meanwhile, the automobile industry, a major styrene consumer, remains below pre-pandemic production levels despite graduaImprovements, eadina to reduced overall demand for styrene-based productsEconomic factors are also infuencing the U.s. styrene market this month. Ethylene prices, a key feedtock for producing styrene, haveincreased significantly so far this month. This upward trend in ethylene costs has added production pressure for styrene manufacturersHowever, the impact on styrene prices remains limited as reducion in imports due to global supply disruptions is helping to maintain aDalance in the market. Globaly, signifcant maintenance shutdowns have tightened styrene supply, indirectly benefting the U.s. market. Faclties such as ZhejiangPetroleum & Chemical and Formosa Chemicals in China and Taiwan, respectively, have reduced their output substantially to performmaintenance activities this month, which has limited the avalability of imported styrene has reduced the competition for domestic styrenemanufacturers, enabling them to maintain steady pricing levels. Additionaly, these supply disruptions have affected the flow of cheaperimports into the U.S., providing relief to domestic producers.
SEBS are well-positioned as high-performance materials within a circular economy for their high contribution in the reduction of carbon footprint.
World demand for hot melt adhesives expected to grow in multiple applications, latest Smithers insight reveals.
The building and construction industry is an ever-evolving industry driven by marketplace pressures and tight margins, supply chain issues, and labor shortages. Manufacturers of residential and commercial interior products are responding with products to make assembly and installation more manageable and less labor-intensive while still delivering the quality, strength, and durability that consumers demand. They’re also looking to provide architects and designers with more easy-to-use DIY solutions to recommend for homeowners’ renovation needs.
The adhesives industry will continue to develop products for the electronics industry that optimize durability and end-of-life solutions through options such as recycling and repair potential.
With several factors to consider — from cost to sustainability to performance and design — selecting the correct pressure-sensitive adhesive (PSA) tape for an application can be a daunting and complex process for members of the value chain, including original equipment manufacturers (OEMs), functional material manufacturers, and converters. There are a range of questions to consider before beginning the decision-making process.
As consumers become increasingly eco-conscious, companies face growing pressure to adopt sustainable practices. They’re finding alternatives to traditional products that are harmful to the environment, with adhesives being a great example. Fortunately, there are a variety of sustainable adhesives available that offer effective bonding solutions while minimizing the environmental impact. Here are six types of sustainable adhesives every technical formulator or manufacturer should know about.
When choosing a pressure-sensitive adhesive (PSA) tape for your application, it’s critical to understand the materials you want to bond together and the application operating environment. The level of adhesion, bond strength, and durability will vary depending on the combination of substrates and the type of PSA tape you choose. Here are five important questions to ask before you make a selection.
As sustainability gains global momentum, industries are rethinking processes to minimize waste, conserve resources, and align with the principles of the circular economy. The beverage sector, particularly breweries and mineral water producers, face unique challenges with reusable glass bottles, where efficient labelling and bottle cleaning are critical.
Annual ASI Top 20 list of leading global adhesive and sealant manufacturers utilizes sales figures and other details for finished adhesives and sealants, as well as related products such as tapes and labels.
As December 2024 approaches, the global Thermoplastic Elastomer (TPE) market has experienced stablity in key regions, including NorthAmerica and Europe, despite fuctuations in feedstock pices and varied demand conditions. While production costs were impacted bychanges in Styrene prices, the sufficient availability of TPE in the market prevented manufacturers from increasing prices.