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Hot Melt Adhesives Market Research Report 2018 to 2023: Top Global Competitors - 3M, Huntsman International LLC., Dow Chemical Co., Dow Corning Corporation, Sika AG
Hot Melt Adhesives Market
Hot Melt Adhesives, also known as hot glue are thermoplastic in nature. They are used for creating a strong molecular attraction between the materials. These adhesives are applied in their molten state and then solidify after cooling. Hot Melt Adhesives are known for their non-toxic and ecofriendly nature. They are of five types namely ethylene vinyl acetate, polyolefin, polyamide, polypropylene and polyurethane hot melt. Ethylene vinyl acetate Hot Melt Adhesives are light in colour and widely used in the market due to their usage in several applications such as buildings & construction, food packaging and others.
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The Global Hot Melt Adhesives Market has been driven by the important factors and trends such as safe storage, ease of use, excellent moisture resistance and anti-oxidant characteristics. It is estimated that the Global Hot Melt Adhesive Market is set to witness a rapid growth due to its benefits and advantages over solvent based adhesives.
Recent Industry Related News:
The market has multiple significant players owing to which it experiences continuous development in the product and by offering new variants, brands try to stay afloat. For instance, the U.S. based packaging solution providers Pack size has recently launched a hot melt adhesive designed to remove stickiness from the product.
Intended Audience:
• Hot Melt Adhesive Manufacturers
• Traders and Distributors of Hot Melt Adhesives
• Production Process Industries
• Potential Investors
• Raw Material Suppliers
• Nationalized Laboratory
Top Global Competitors:
The top players Global Hot Melt Adhesives Market: Dow Corning Corporation (U.S.A.), The Dow Chemical Company (U.S.A.), Sika AG (Switzerland), RPM International Inc. (U.S.A.), H.B. Fuller Company (U.S.A), Arkema (France), 3M Company (U.S.A), Henkel AG & Co. KGaA (Germany), Huntsman International LLC. (U.S.A.),
Regional Analysis:
The Global Hot Melt Adhesives Market is categorized into five key regions namely;
• North America,
• Asia Pacific (APAC),
• Europe,
• Latin America,
• Middle East & Africa (MEA)
Globally, Asia Pacific is the major shareholder of this market owing to growing use in heavy end industries such as construction, packaging and others.
The European region is set to witness a rapid growth in the market owing to technological advancements and rising use in automotive, defense, and other industrial sectors.
The hot melt adhesives has observed a stunning development in the North American region due to growing popularity of polyurethane adhesives. An increase in the number of manufacturing and production units has propelled the Latin American market to witness a notable growth.
The economic slowdown due to low crude oil prices has propelled the Middle East & Africa to witness a stunted growth.
Segmentation:
The Global Hot Melt Adhesives Market is classified into type, and application.
On the basis of market type, it is further segregated into ethylene vinyl acetate and polyolefin Hot Melt Adhesives. It has been observed that Hot Melt adhesives have already substituted water based adhesives due to its eco-friendly nature and antioxidant characteristics.
Applications segment is further segmented into food packaging, buildings & construction, wood working, carton sealing, general consumer packaging, and others.
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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
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