Raw Material Costs
Over the last several years, we have witnessed spiraling costs for all major raw materials due to a number of challenges.
The biggest issue confronting all of us in the Adhesives and Sealants Industry is the growing imbalance between supply and demand. Unfortunately, there has been very little, if any, added capacity in North America in the last ten years for feedstocks and raw materials in general, and with the spike in worldwide demand, especially in Asia, it has created shortages for most major raw materials. The result has been rising costs and tight supplies for most chemicals all of which means higher prices for all suppliers and customers alike. Barring any unforeseen changes in the market-place, we fully expect this scenario to be the status quo well into the future.
We are very happy to share with you more specifics about what all of this means if you are interested. Please contact us directly or your sales representative for further information.
We appreciate everyone's patience during this very challenging time...