Opportunities created by rising infrastructure initiatives, the booming super and hypercar sectors, and consumer electronics sales are likely to fuel the pressure-sensitive adhesive market size over 2023-2032.
The Adhesive and Sealant Council (ASC), the Association of the European Adhesive & Sealant Industry (FEICA), and the China Adhesives and Tape Industry Association (CATIA) have partnered to update and harmonize adhesive and sealant industry terms, definitions and market segmentation published in the "ASC-CATIA-FEICA Adhesives and Sealants Classification Manual."
According to a study by Global Market Insights Inc., the pressure-sensitive adhesives market is set to grow from its current market value of more than $6 billion to over $9.5 billion by 2024.
Synthomer, Harlow England, has agreed to buy Hexion Performance Adhesives & Coatings (Hexion PAC), the adhesives and coatings business of Hexion Inc., Columbus, OH, for $226 million.
According to a soon-to-be-released study by the consulting firm Kusumgar, Nerlfi & Growney, global consumption of formulated adhesives was 10.24 million tons in 2014 worth $29.4 billion.
