Arkema Sales Jump Almost 30% in 2021 Third Quarter
Sales in the Adhesive Solutions segment were up 10.1% in the third quarter of 2021 compared to the third quarter of 2020.
Supported by accelerating demand for high-performance materials in an environment marked by strong inflation of raw materials and supply chain disruptions, Arkema recently reported group sales of €2.4 billion (approximately $2.8 billion) in the third quarter, an increase of nearly 30% (at constant scope and currency) vs. 2020 and approximately 17% compared to 2019. Despite shortages in an increasing number of raw materials, particularly in Adhesive Solutions, and certain logistics constraints in Asia and the U.S., volumes rose by 5.3%.
Arkema reports that growth remained strong in the battery, consumer goods, electronics, and transportation markets, although a slowdown was observed in the automotive sector. The oil and gas and paper markets remained lower compared to 2020.