REACTIVE SPECIALTY ADHESIVES MARKET ANALYSIS

Market News

Key Developments

• In September 2019, Lanxess developed a low free (LF) isocyanate urethane system for sealants, adhesives and one-component foams. The new system will enhance the manufacturing of reactive adhesives with isocyanate prepolymer technology. New innovations in the reactive adhesives will enhance the performance as well as sales of specialty reactive adhesives.
• In June 2019, Henkel AG – a global leader in adhesives formulations, opened a new adhesives facility, especially for the aerospace application in Montornès del Vallès, Spain. The total investment of the project is around US$ 39 million and will cater to key development areas of aerospace engineering such as automation, light weighting and fuel efficiency.
• In September 2019, Bostik (subsidiary of Arkema) and Nitta Corporation formed a Joint venture and inaugurated a new adhesives plant in Nara, Japan. The new adhesives plant will provide adhesive solutions for non-woven, hygiene and industrial applications.
• In November 2019, Henkel AG, officially started the construction of a new plant in South Korea, catering to the electronics manufacturing sector. The plant will provide adhesives, sealants and thermal technologies for the electronics industry in South Korea.