The global market for adhesives and adhesive applying equipment is expected to total almost $48.7 billion and $62 billion in 2016 and 2021, respectively, reflecting a five-year compound annual growth rate (CAGR) of 5%.
The rising cost of oil and its effect on raw material prices is reportedly a key growth factor in the adhesives industry. A new report from BCC Research reveals that, although prices of oil and intermediate materials have risen sharply, prices of finished goods have not.
Top 5 News that Sticks for September 6-13
1. Increasing Global Competition, Pricing Pressures Trending Upward in Adhesives Industry (#4 last week)
2. Bayer MaterialScience Becomes Covestro
3. Ellsworth Adhesives Partners with Henkel Loctite for Medical Webcast
4. SCIGRIP Appoints Winroy Industrial Polymers as Distributor
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