Hot Melt Adhesive Market Trends, Price, Revenue, Share, Growth and Forecast Until 2025 : 3M, Sika AG, Jowat SE, Henkel, Arkema Group, Dow Corning,
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Hot Melt Adhesive (HMA) Market accounted for USD 6.50 billion and is projected to grow at a CAGR of 6.7% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2014, 2015, the base year of calculation and the forecast period is 2018 to 2025.
Some of the major players in the hot melt adhesive (HMA) market include:-
3M Company, Arkema Group, Avery Dennison Corporation, Beardow & Adams (Adhesives) Ltd., DOW Corning Corporation, HB Fuller Company, Henkel AG & Co. KGaA, Jowat Se, Sika AG, Tex Year Industries Inc., Adhesive Direct UK, Adtek Malaysia SDN BHD, Buhnen GmbH & Co. Kg, Cherng Tay Technology Co., Ltd., Costchem SRL, Daubert Chemical Company, Evans Adhesive Corporation, Ltd., Evonik Industries AG, Helmitin Adhesives, Klebchemie GmbH & Co. Kg, KMS Adhesives Ltd., Sanyhot Adhesivos S.A., Sealock Ltd., Toyobo Co., Ltd., Worthen Industries and many more.
Competitive Analysis : Hot Melt Adhesive (HMA) Market
The global hot melt adhesive (HMA) market is highly fragmented with the presence of a large number of players across different regions. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
• On the basis of resin type hot melt adhesive (HMA) market is segmented into ethylene vinyl acetate (EVA), styrenic block copolymers (SBC), metallocene polyolefin (MPO), amorphous polyalphaolefins (APAO), polyolefins, polyamides, polyurethane (PU), others. Chemical purging is expected to grow at the highest CAGR over the forecast period.
• On the basis of application, the market is segmented into packaging solutions, nonwoven hygiene products, furniture & woodwork, bookbinding, others. Packaging solutions are further segmented into corrugated boxes and trays, carton and side-seam closures, non-pressure sensitive labels and marking systems, flexible packaging, and others. Nonwoven hygiene products are further segmented into baby diapers, nappies, and pants, adult incontinence, and feminine care. Furniture and woodwork are further segmented into woodworking, and structural and non-structural wood products. Book binding are further segmented into spine binding, and cover page and edge bonding. Others are further segmented into automotive & transport, consumer, footwear and electronics.
• On the basis of geography, the hot melt adhesives (HMA) market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
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Major Market Objective:
• Extensive range of applications
• Increasing demand for eco-friendly adhesives
• Increasing demand for the pressure sensitives industries that use HMAs
• Volatility in the raw material prices
• Loss of bond strength at high temperature
Hot melt adhesives (HMA) commonly referred to as hot glue, do not contain solvents or water and have a fast setting speed. Hot melt adhesives consist of three main components; high molecular weight polymer, tackifier and plasticizer. Hot melt adhesives are used in several industries such as packaging solutions, non-woven hygiene products, book binding and furniture.
Report Brief Focus On:
Hot Melt Adhesive (HMA) Market, By Resin Type (Ethylene Vinyl Acetate, Styrenic Block Copolymers, Metallocene Polyolefin, Amorphous Polyalphaolefins, Polyolefins, Polyamides, Polyurethane, Others); By Application (Packaging Solutions, Nonwoven Hygiene Products, Furniture & Woodwork, Bookbinding, Others) – Industry Trends and Forecast to 2024
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