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Global Hot Melt Amorphous Polyalphaolefin (APAO) Market to Rise at 6 % of CAGR due to its Rising Application in Various Industry - Eastman Chemical Company, Huntsman Corporation, Evonik, Henkel, H.B. Fuller, Arkema, Rextac LLC

Hot Melt Amorphous Polyalphaolefin (APAO) Market

Hot Melt Amorphous Polyalphaolefin (APAO) Market

Hot Melt Amorphous Polyalphaolefin (APAO) Market was estimated to grow over USD 200 million in 2016 and is expected to grow by a CAGR of more than 6% over the year 2017 – 2024.

Hot Melt Amorphous Polyalphaolefin (APAO) Market is predicted to experience a lucrative expansion over the years to come, subject to the product’s its extensive use in the paper & packaging, woodworking, personal hygiene, and bookbinding sectors. The usage of low carbon emitting vehicles is on a tremendous rise lately, owing to the global need to reduce fuel costs.

This trend will offer new avenues to hot melt amorphous polyalphaolefin industry players to exploit the many opportunities offered by this business sphere. According to Global Market Insights, Inc., “Hot Melt Amorphous Polyalphaolefin (APAO) Market, which is projected to hit a revenue of over USD 380 million by 2024, will grow at a CAGR of more than 6% over 2017-2024.”

Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/1664

Global Hot Melt Amorphous Polyalphaolefin (APAO) market, in terms of application, is segmented as paper & packaging, woodworking, product assembly, personal hygiene, bookbinding, and other application types. Woodworking application segment market value is forecasted to be above USD 45 million in 2024, growing at CAGR exceeding 5.5%. Product assembly segment of the global hot melt APAO market will likely grow with a CAGR of almost 6% to a value of above USD 55 million by 2024.

Growth drivers

1. High growth in packaging industry
2. Rising demand for personal hygiene products
3. Increasing demand for lightweight and low emission automobiles

Modernization has paved the way to changing consumer habits with regards to meal consumption. People across the globe have been giving preferences to packaged food, owing to their sedentary lifestyles. Thus, the increasing adoption of packaging facilities across the pharmaceutical, e-commerce, and food & beverage sectors will favorably fuel hot melt APAO market share, particularly across the Asia Pacific.

The APAC region, for the record, has witnessed huge growth in the e-commerce and food & beverage sectors since the last decade, owing to the surging industrialization across this region. On that note, Asia Pacific hot melt amorphous polyalphaolefin market will collect a revenue of more than USD 100 million by 2024 with an annual growth rate of 7% over the coming seven years. Improving economic background mainly across emerging countries such as China, India, and Indonesia along with surging consumption of packaged products will cater to the regional industry growth. The product’s usage in plastics, textiles, and woodworking will also help augment Asia Pacific hot melt APAO industry.

The populace across the geographies of North America and Europe have depicted relatively more awareness regarding the usage of personal hygiene products. This is evident from the fact that both the continents encompass a massive manufacturing base of personal care products. In 2016, North America and Europe collectively accounted for more than USD 120 million of the overall hot melt amorphous polyalphaolefin industry.

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Growing demand for packaged food products across these regions will enhance the industry growth. Surging penetration of e-commerce across these continents is also slated to stimulate hot melt APAO industry share noticeably.

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.

Hot Melt Amorphous Polyalphaolefin (APAO) Market by product

• Homopolymer
• Copolymer

Hot Melt Amorphous Polyalphaolefin (APAO) Market by End user

• Paper & packaging
• Personal hygiene
• Bookbinding
• Woodworking
• Product assembly
• Others

Woodworking applications are anticipated to register a revenue of more than USD 45 million by 2024, growing at a rate of more than 5.5% during the period from 2017 to 2024. Hot melt amorphous polyalphaolefin (APAO) market size in the product assembly sector, which is predicted to surpass a revenue of more than USD 55 million by 2024, is forecast to record a cumulative growth rate of nearly 6% over the next few years.

Personal hygiene sector, which contributed more than USD 30 million toward hot melt amorphous polyalphaolefin (APAO) market revenue in 2016, is estimated to drive the business expansion extensively over 2017-2024. High demand for diapers and feminine items is one of the major growth drivers of the industry.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. Eastman Chemical Company
2. Evonik
3. Rextac LLC
4. Henkel
5. H.B. Fuller
6. Huntsman Corporation
7. Liaoyang Liaohua Qida Chemicals Company
8. Arkema
9. Evans Adhesive Corporation, Ltd
10. Guangdong Orient Resin Co., Ltd
11. Glue Machinery Corporation
12. Texyear Industrial Adhesives Pvt Ltd.
13. Bond Tech Industries
14. Almas Fanavaran Giti Company
15. Adtek Malaysia Sdn Bhd

Copolymers and homopolymers are the two product segments under the global hot melt APAO market. Homopolymers category market value is estimated to surpass USD 100 million in 2024. This category will grow due to their higher strength and stiffness and their usability in structures requiring corrosion resistance. Copolymers segment of the global Hot Melt Amorphous Polyalphaolefin (APAO) market will likely grow with a CAGR exceeding 6%. Copolymers segment can be characterized with toughness in lower temperatures, durability, and stress crack resistance.

Browse key industry insights from the report, “Hot Melt Amorphous Polyalphaolefin (APAO) Market” in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/hot-melt-amorphous-polyalphaolefin-APAO-market

Evonik Industries, Huntsman Corporation, Arkema, Eastman Chemical Company, Henkel AG & Company KGaA, H.B. Fuller, Liaoyang Liaohua Qida Chemicals Company Limited, Guangdong Orient Resin Company Limited, Texyear Industrial Adhesives Private Limited, Evans Adhesive Corporation Limited, Glue Machinery Corporation, Bond Tech Industries, and Adtek Malaysia Sdn. Bhd are the key participants accumulating a major chunk of hot melt amorphous polyalphaolefin (APAO) industry.

Browse Related Report :

Coil Coatings Market : https://www.gminsights.com/industry-analysis/coil-coatings-market

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Blog: http://headlinenewsnation.com

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