Press release
Hot Melt Adhesives Market is Expected to Reach USD 10239.7 million by 2022 | Kel Players-Toyobo Co. Ltd., 3M Company, Sika AG, Ashland Inc., Jowat AG, Bostik S.A., Henkel AG & Company, Dow Corning, H.B. Fuller Company.
Hot Melt Adhesives
The hot melt adhesive, also known as hot glue, is a type of thermoplastic adhesive that is supplied as sticks and are melted in hot glue guns. The growing packaging industry has tremendously boosted the market for hot melt adhesives. More recently, the product has also found applications in the non-woven disposable industry. Therefore, it is safe to say that changing lifestyles and growth in the pharmaceutical packaging industry will help the market grow substantially. There are various types of adhesives found in the market. Polyamide, Ethylene-vinyl Acetate (EVA), Styrenic Block Copolymers (SBC), Polyurethane (PU), Amorphous, Poly Alpha Olefin (APAO) and Polyolefin Elastomers (POE). The application industry of the adhesive ranges from book binding, furniture, construction, non-woven disposables, packaging, pressure sensitive uses and others.
Browse the complete report and table of contents @ https://www.researchcosmos.com/reports/hot-melt-adhesives-market-report-2017-global-Market-analysis-trends-and-market-overview/24297751
Hot Melt Adhesives Market Size, Forecast Analysis
The global market was valued at $7323.1 million in 2017 and is expected to grow at a CAGR of 5% to $10239.7 million by 2022. Geographically, the market is segmented into North America, Europe, Asia Pacific and LAMEA regions. North America was the dominant market and occupied over one-third of the global demand in 2016. Central and South America are also anticipated to boost the market because of their boom in infrastructure. The growing construction market in China, India, Brazil, Indonesia, Vietnam and Malaysia makes them hot markets for the product.
The key players active in the market are Toyobo Co. Ltd., 3M Company, Sika AG, Ashland Inc., Jowat AG, Bostik S.A., Henkel AG & Company, Dow Corning, H.B. Fuller Company and others. Footwear, labelling, paper converting are few new applications that big firms are trying to enter into in order to expand the product application portfolio.
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Hot Melt Adhesives Market Demand Analysis:
The absence of the chemical formaldehyde has made the adhesive popular. Apart from this, the adhesive is 100% solid and does not get affected by humid climates. Also, the fact that its lifetime costs are less expensive than its alternatives, makes it a good bet for the users. Strong and ever-growing demand in the construction sector is expected to boost the growth of this market substantially. In order to stay competitive, firms are attempting to balance the supply-demand of the market by developing lucrative applications that help them gain a competitive advantage. Technological growth has also helped firms bridge the gap successfully. Of course, volatile crude oil prices and strict government regulation relating to the usage of the product in developed markets are expected to hinder the growth of the market. However, its growing demand and application in multiple industries has made the market stand strong and grow higher.
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Research Cosmos is a provider of standard and customized Industry research, business intelligence and consulting services across more than 100 domains in different industries of the world. We host the trending Industry reports of the world’s top-notch publishing companies, offering services to a wide range of customers from students to fortune 500 companies and discloses the hidden opportunities in every leading industry of the world.
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