According to a market report released by Research and Markets, the global industrial adhesive market is projected to witness a CAGR of 5.2% from 2016 to 2021, and grow from $41.47 billion in 2016 to $53.37 billion by 2021.
The global high temperature resin market is being driven by the rising demand for high temperature resin as an alternative to mechanical fasteners in high end applications, the rising demand for high temperature composite resins in railway and aerospace interior applications, as well as the rising demand for thermoplastic resins in composite applications.
The global hot melt adhesive market is anticipated to reach $8.9 billion by 2025, expanding at a CAGR of 5.2% from 2015 to 2025, as per a recent market report released by Future Market Insights (FMI).
According to a new market report released by MarketsandMarkets, the global medical device adhesive market is estimated to be $2.32 billion in 2016, and is expected to witness a CAGR of 6.6% from 2016 to 2021, reaching $3.20 billion by 2021.
Pressure sensitive adhesive product manufacturer Mactac Americas, LLC was acquired by Tokyo-based adhesive products manufacturer Lintec Corporation.
The global wood adhesives market is expected to reach $5.24 billion by 2026, registering CAGR of 3.1% by 2026.
The price of SIS rubber in the Chinese market has soared in recent few weeks. According to the expert from DZBH New Materials Co., Ltd., one of the major forces that drive the dramatically increased SIS price is the reduced supply of isoprene, the raw material for SIS production.
The hot melt adhesives (HMA) market is fueled by the increasing demand from end-user industries such as packaging, construction, book binding, automotive, transportation, footwear and others. The reduced use of solvent-based adhesives owing to the harmful effects of volatile organic compounds (VOCs) is expected to drive the growth of HMA market in the long run.
The global adhesive tapes market size is expected to grow at 5.5% CAGR by 2021, increasing from $47.33 billion in 2016 to $61.86 billion by 2021. The market is driven by the rising demand from healthcare, electrical & electronics, automotive, building & construction, and other applications.
The petroleum resin market size is estimated to grow from $1.78 billion in 2016 to $2.58 billion by 2021, registering a CAGR of 7.7%.
Laminating adhesives applied in different industrial and domestic uses are designed to bind two different surfaces together. The chemical compositions of laminating adhesives include polyurethanes, polyvinyl acetate, epoxy, styrenic block, and ethylene vinyl acetate. It is widely applicable in minimizing weight, vibration-dampening joint and leakage control of fluids or gases.
The global polymer compounding group HEXPOL TPE released the establishment of a production and development unit in North America on 12th of December.