ADHESIVE COATING MARKET challenges and opportunities

The market is significantly influenced by the volatility of raw material prices, particularly for key components like acrylics, epoxies, polyurethanes, and other resins. These materials are derived from petroleum-based products, making them susceptible to fluctuations in crude oil prices. Crude oil is a primary feedstock for many chemicals used in adhesives, including styrene, butadiene, and various other monomers.

Market Opportunity - Advancements in adhesive technology for specialized applications

Advancements in adhesive technology that enables specialized applications have the potential to unlock significant opportunities in the global adhesive coating market. Adhesives are being engineered to withstand extreme conditions like heat, cold, moisture and corrosion, allowing their use in more demanding industries. For example, developments like heat-resistant and cryogenic adhesives have enabled applications in aerospace, electronics and automotive manufacturing that require bonding materials to cope with harsh operating environments.