August 20, 2015
Wellesley, Mass., August 20, 2015 – The rising cost of oil and its effect on raw material prices is a key growth factor in the adhesives industry. BCC Research reveals in its new report that although prices of oil and intermediate materials have risen sharply, prices of finished goods have not.
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%.
An adhesive is any substance applied to the surfaces of materials that binds them together and resists separation. This multibillion-dollar industry comprises more than 750 companies, of which about 50 generate greater than 50% of total industry sales.
The dynamic changes taking place in the adhesive industry are strongly driven by economic and environmental factors, including oil prices. The most immediate challenge to adhesive manufacturers is curtailing a wave of raw material price increases, mainly attributable to higher oil and natural gas prices.
“Natural gas prices are likely to remain well-above historical levels, which will keep industrial chemical prices from falling sharply when oil prices recede,” says BCC Research analyst Srinivasa Rajaram. “Prices of finished goods have not increased to a significant level, thus leading to a high degree of uncertainty regarding higher inflation in the pipeline due to such a disparity.”
Adhesives and Adhesive Applying Equipment: Technologies and Global Markets (CHM073B) examines the global as well as regional markets for adhesives and adhesive applying equipment. The report includes forecasted trends and revenue through 2021, along with compound annual growth rates (CAGR) for the five-year period from 2016 to 2021.
Editors and reporters who wish to speak with the analyst should contact Steven Cumming at email@example.com.
Adhesives and Adhesive Applying Equipment: Technologies and Global Markets( CHM073B )
Data and analysis extracted from this press release must be accompanied by a statement identifying BCC Research LLC as the source and publisher. For media inquiries, email firstname.lastname@example.org or visit www.bccresearch.com/media to request access to our library of market research.