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 $2.58 billion by 2021, registering a CAGR of 7.7%.
Laminating adhesives applied in different industrial and domestic uses are designed to bind two different surfaces together. The chemical compositions of laminating adhesives include polyurethanes, polyvinyl acetate, epoxy, styrenic block, and ethylene vinyl acetate. It is widely applicable in minimizing weight, vibration-dampening joint and leakage control of fluids or gases.
The global polymer compounding group HEXPOL TPE released the establishment of a production and development unit in North America on 12th of December.
The revenue of commercial roofing materials market worldwide is anticipated to reach US$ 10.3873 billion until 2024, registering CAGR of 3.6% from 2016 to 2024, as per the Transparency Market Research. It is projected that the growth in the construction industry and the increasing pace of urbanization will promote the commercial roofing materials market in the forecast period of 2016-2024.
Product labeling is the easiest way to promote products and vital for brand promotion and consumer education. Now companies are innovating with their techniques of labeling in appearance, weight, form, and brand promotion, etc.
The self adhesive market around the world is being promoted by the rising use of self adhesives in retail and food fields and packaging labels by small and medium-sized private enterprises.
According to WiseGuyReports.Com, petrochemicals market in the Middle East and North Africa (MENA) region is expected to grow at CAGR of 6% from 2016 to 2020. The growth of this market primarily lies in the rising demand for petrochemical products from the automotive industry.
PSTC conducted an in-depth research to identify the underlying biases, behaviors, and decision factors that influence tape usage, in order to understand how different industries perceive and use pressure sensitive adhesive tape for their bonding applications.
A lot of new ideas in the adhesive industry are provided by the nature. Recently, sicentists are studying the substance making chameleon tongues sticky, and the research results may bring new invention in adhesives technologies.
Adhesive bonds not only save time, but they also take away the need for experienced labor.
The prices of spot butadiene (BD) in Asia are likely to increase in the first quarter of 2017 in spite of the likely lull in market activity in the weeks before the Lunar New Year holiday in late January.