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Home » Topics » News

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Market-Trends

Compostable Food Service Packaging Sales to Grow as Sustainability Push Promises Rapid Adoption

The expansion of the foodservice industry, along with the emergence of “takeaway” and “grab-and-go” services, will continue to provide potential growth prospects for the compostable foodservice packaging market.
August 23, 2019

Worldwide sales of compostable foodservice packaging reached approximately 6,400 tons worth $16.7 million in 2018; the market is projected to grow at a CAGR of around 5% through 2029.


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Covestro wind energy research

Covestro Partners with Industry and University in Wind Energy Research Project

Leading global manufacturers of wind energy systems and coatings are reportedly members of the consortium involved with the DURALEDGE project.
August 22, 2019
Covestro recently announced that it is serving as a key raw materials partner in a consortium managed by the Technical University of Denmark that is currently carrying out a research project called DURALEDGE (from durable leading edges) to investigate erosion mechanisms and develop new coatings to permanently protect rotor blades.
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Chromaflo Technologies Announces Organizational Changes

Dean Doza, Brij Mohal, Jolyon Stickels, Frank Huynen, Kamilah King, Ivone Beato, Fernando Rodriguez, and Dan Santos have new or adjusted roles with Chromaflo Technologies.
August 22, 2019
Chromaflo Technologies recently announced the additions and role changes of several team members.
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Dow to Sell Acetone Derivatives Business to Altivia

The divestiture includes production assets located in Institute, W.Va., in addition to the site infrastructure, land, and utilities.
August 21, 2019
Dow recently announced that it has reached an agreement for the divestiture of its Acetone Derivatives business to Altivia Ketones & Additives, LLC, an affiliate of Altivia, a privately held producer of chemicals headquartered in Houston, Texas.
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residential construction

Builder Confidence Trending Higher as Interest Rates Move Lower

The HMI index gauging current sales conditions for newly built single-family homes increased two points to 73, and the component measuring traffic of prospective buyers rose two points to 50.
August 21, 2019
Builder confidence in the market for newly built single-family homes rose one point to 66 in August, according to the latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI).
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Wacker tile adhesives plant India

Wacker Opens Technical Center in India for Tile Adhesive Application Development

Wacker’s technical center in Bengaluru specializes in the development of customized tile adhesive applications, where adhesive strength and flexibility are vital.
August 20, 2019
Wacker recently announced that it is strengthening its presence in India by opening a technical center in Bengaluru.
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Mergers.jpg

Ashland Receives Remaining Regulatory Approvals Related to the Sale of its Composites Business and Butanediol Facility

The companies continue to expect a closing in the late summer of 2019.
August 20, 2019

Ashland Global Holdings Inc. recently announced that it has received the remaining regulatory approvals needed to close the previously announced sale of certain assets of Ashland’s Composites business and butanediol facility in Marl, Germany, to INEOS Enterprises Holdings Limited.


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Evonik Closes Sale of Methacrylates Business, Hits FTC Roadblock on PeroxyChem Acquisition

Evonik has closed the sale of its Methacrylates business to Advent International, but the Federal Trade Commission will seek to block its proposed acquisition of PeroxyChem.
August 19, 2019
Evonik recently announced that it has closed the sale of its Methacrylates business to Advent International for €3 billion (approximately $3.3 billion).
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market trends

Aerospace Adhesives Represent a Bright Spot for Henkel in Challenging 2019 Second Quarter

Henkel’s Adhesive Technologies business unit reported a slightly negative organic development in the second half of 2019, with sales down 1.2% to €2.4 billion (~ $2.7 billion).
August 19, 2019
Henkel recently announced its financial results for the second quarter and first half of 2019.
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Raised-Hands

ASC Adds Emerging Leaders Workshop to Executive Leadership Conference Offerings

ASC’s interactive new Emerging Leaders Workshop will include facilitated discussion and be structured to optimize learning between peers, providing tools and strategies for leveraging personal strengths and leading change.
August 19, 2019
Consistent with the theme of “Focus on the Future,” the Adhesive and Sealant Council (ASC) is introducing an Emerging Leaders Workshop to its Executive Leadership Conference programming.
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