Stategic Solutions: Future Trends of PSA and Structural Adhesive Technologies
1. ?The industry experienced its first year-over-year decline in 2001, when revenue and volume dropped 5% and 4%, respectively. This validates fundamental changes in industry structure and market dynamics brought on by geographical and regional realignment in manufacturing, and overcapacity of adhesive production.
2. ?Following the recession, margin pressures were caused by rapid escalation of raw-material and energy costs due to rising oil and natural gas prices, and shortages of key raw materials.