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Thursday, 04 June 2020
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Markets & companies, Coatings market

Challenges for the European adhesives industry

Thursday, 3 June 2010

The European adhesives industry is challenged by shortfalls in supply and price increases for some of the key raw materials used in producing adhesives.

At present forecasters do not predict an imminent shortfall in adhesives. Source: Milosluz - Fotolia.com

At present forecasters do not predict an imminent shortfall in adhesives. Source: Milosluz - Fotolia.com

The economic development of the European adhesives industry is challenged by shortfalls in supply and price increases for some of the key raw materials used in producing adhesives. Additional challenges are the poor harvest of natural raw materials, insufficient freight capacity and a weak Euro. The Association of European Adhesives and Sealants (FEICA) says that the supply problems and the spiraling prices are critical for natural raw materials and in particular for petrochemical commodities to produce hot-melt adhesives, some dispersion adhesives and contact adhesives. During the crisis year of 2009, the petrochemicals industry drastically cut and even partially shut down the already limited plant capacity for producing specialty chemicals. As a result, now that the demand for basic chemicals is rising sharply, it cannot be completely met. At present forecasters do not predict an imminent shortfall in adhesives as the industry is addressing these developments by reformulating and by sourcing alternative commodities. While this approach is time-consuming and expensive, it ensures that the demand for adhesives will in the long term continue to be met.

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