Aggie Lotz is vice president of The ChemQuest Group Inc., an international strategic management consulting firm specializing in the adhesives, sealants and coatings industries, headquartered in Cincinnati, Ohio. For more information, phone (513) 469-7555 or visit www.chemquest.com.
Consumer sentiment continues to drive sustainability throughout the economy and society. Consumers often view packaging as wasteful, and they demand more sustainable options as a result. Many terms, such as reuse, recycle, compost, and reduction, resonate positively with consumers.
The wide use of dissimilar substrate materials driving the selection of sealants was reported in The Adhesive and Sealant Council’s “2017-2020 North American Market Report for Adhesives and Sealants with a Global Overview.”
The specialty chemicals value chain has risen to the challenge of retooling to fill large supply gaps for sanitation products, packaging containers and inks, and other essential products to meet spikes in demand as an outgrowth of the COVID-19 pandemic.
Independent testing and third-party validation of application-specific and customer-required adhesive products are expected across the value chain. It is especially important to validate adhesive performance for the electronics industry.
In internal combustion (IC) engines, epoxy, silicone and UV/visible light-curing formulations offer enhanced capabilities and speed productivity to meet OEM and tier suppliers’ requirements. Significant innovations in gasketing, impregnation compounds, and bonding and potting can improve overall performance for automotive assembly applications.
Broadly speaking, a market disruptor may include a technology, method, process, service, or channel with superior performance and customer benefits delivered at an attractive price point that can unexpectedly displace an incumbent. Porter’s Five Forces, created by Harvard Business School’s then-associate professor Michael E. Porter, Ph.D., has provided a framework for taking a “snapshot in time” of any potential threat to a business’ profits (not limited to a business losing its customers to an existing rival.