Hot Melt Amorphous Polyalphaolefin Market Top Key Players: Evonik Industries, Eastman Chemical Company, REXtac, Arkema, Almas Fanavaran Giti Company

Hot Melt Amorphous Polyalphaolefin (APAO) Market size will likely surpass USD 380 million by 2024; according to a new research report by Global Market Insights, Inc. Growing awareness about personal hygiene along with improving sanitary situation in developing countries will result in high demand for personal hygiene products. This will fuel the growth of hot melt APAO market during the forecast period as these adhesives are employed in manufacturing carious sanitary products. Demand for personal hygiene products such as baby & adult diapers, feminine hygiene products, etc. have grown substantially in the last two decades. This can be attributed to increasing income levels and willingness to spend on personal hygiene, chiefly in developing countries. Increasing number of working women around the world is also a contributing factor towards the demand for these goods, in turn boost the overall hot melt APAO market.

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Health hazards associated with the use of these adhesives may hinder the global hot melt APAO market during the period of study. Fumes that are released during the application of these adhesives are toxic in nature up to a certain extent. Prolonged exposure may cause eye irritation and respiratory problems in people. Special care must also be taken while using these adhesives due to their high temperature which may burn a person’s skin if it comes in direct contact.

Copolymers held major share in global hot melt APAO market in 2016 on account of its versatile properties including durability, toughness and superior impact strength. Although being softer compared to homopolymers, copolymers have toughness and better crack resistance in critically low temperatures. The homopolymers segment will grow at around 6% CAGR during forecast timespan. it is characterized by superior chemical resistance, better stiffness and high weight to strength ratio.

Paper & packaging segment held more than one-third part of global hot melt APAO market in 2016. The market share is anticipated to increase over the next few years owing to its widespread usage in packaging industry specially. Personal hygiene segment also had a significant share in hot melt APAO market in 2016 and is projected to expand at a prominent rate due to rising demand and awareness pertaining to personal hygiene goods among consumers in countries including China, South Korea, India, Thailand, Malaysia, Brazil and Japan.

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Asia Pacific share for global hot melt APAO market is projected to be valued at above USD 100 million by 2024. This region will witness high growth due to increasing packaged products demand from food & beverages and e-commerce sector. Rising income levels in developing economies of Asia Pacific such as China, India, Indonesia, etc. will augment the hot melt APAO market as willingness to spend on personal hygiene will increase. High industrial growth in the region will also boost the industry due to increased demand for hot melt adhesives in product assembly and other applications such as textiles, plastics, woodworking, etc.

The hot melt amorphous polyalphaolefin market is fairly competitive. Key industry players are Evans Adhesive Corporation, REXtac, H.B. Fuller, Eastman Chemical Company, Evonik Industries and Henkel AG. Other companies include Guangdong Orient Resin Company, Texyear Industrial Adhesives, Almas Fanavaran Giti Company, Adtek Malaysia and Arkema.

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