market reports

Housing Starts Decline in July on Supply Chain Challenges

Single-family starts decreased 4.5%, and the multi-family sector decreased 13.1%.

September 9, 2021

Supply chain and labor challenges helped to push overall housing starts down 7% to a seasonally adjusted annual rate of 1.53 million units, according to a report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.

North American Printed Circuit Board Industry Sees Growing Backlog

Strong demand combined with supply chain shortages are leading to a growing backlog.

September 7, 2021

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IPC recently announced the July 2021 findings from its North American Printed Circuit Board (PCB) Statistical Program.

North American Printed Circuit Board Industry Sales Show Strong Growth in June

Total North American PCB shipments in June 2021 were up 6.3% compared to the same month last year.

July 28, 2021

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IPC recently announced the June 2021 findings from its North American Printed Circuit Board (PCB) Statistical Program.

Market Trends

Myriad Trends Offer Growth Opportunities for Adhesives Industry

A range of global trends will redefine the future of the global adhesives market, which is estimated to exceed a value of $64.7 billion by 2027.

July 13, 2021

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Modern design trends, tight cost estimates, sustainability, and innovation—today’s adhesives and sealants industry faces several challenges. These trends will undoubtedly redefine the future of the global adhesives market, which is estimated to exceed a value of $64.7 billion by 2027. But how?

SOCMA 2021 Industry Census+ Identifies COVID Impacts, Benchmarks Metrics

This year’s Industry Census+ includes new questions related to the impact of the pandemic, incident reporting and safety, product stewardship, and SOCMA's EHS&S metrics.

June 24, 2021

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The Society of Chemical Manufacturers & Affiliates (SOCMA) has released its second annual 2021 Specialty Chemicals Industry Census+.

Single-Family Housing Starts Hold Steady in May

Single-family starts increased 4.2% to a 1.10 million seasonally adjusted annual rate.

June 17, 2021

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Overall housing starts increased 3.6% in May to a seasonally adjusted annual rate of 1.57 million units off of a downwardly revised April reading, according to a report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.

Market Trends

Construction Sector Remains Key Market for Silicone Sealants

Multiple trends are anticipated to help silicone sealants experience strong demand from the construction industry through 2027.

June 17, 2021

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Silicone sealants offer excellent chemical and thermal stability while also providing energy savings, which helps in lowering greenhouse gas emissions. The global silicone sealants market is projected to register a CAGR of 4.2% from 2019-2027, according to a report from Trends Market Research.

Builder Confidence is Stable while Concerns Regarding Building Materials Linger

The latest NAHB/Wells Fargo Housing Market Index in May shows that builder confidence in the market for newly built single-family homes is unchanged from April.

June 3, 2021

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Builder confidence held stable in May, despite growing concerns over the price and availability of most building materials, including lumber.

Skyrocketing Lumber Costs Add Nearly $36,000 to New Home Prices

Other building material prices have been steadily rising since 2020 and, like lumber, are in short supply as well.

May 10, 2021

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Soaring lumber prices that have tripled over the past 12 months have caused the price of an average new single-family home to increase by $35,872, according to new analysis by the National Association of Home Builders.

Epoxy Resins Market to Surpass $5.8 Billion by 2027

Strong demand from the aviation industry is propelling market growth of epoxy resins, which are widely used as corrosion inhibitors.

April 14, 2021

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The global epoxy resins market was estimated to be valued at more than $3.5 billion in terms of revenue in 2019 and is predicted to grow at a CAGR of 6.6% from 2020 to 2027, according to a report published by Coherent Market Insights.

Serving as the location for SOCMA’s Centennial Celebration, SOCMA Week 2021 will offer myriad opportunities for education, networking, and celebration.