Hot Melt Amorphous Polyalphaolefin Market Size To Witness A Phenomenal Growth 2024 | | Top Key Players Huntsman Corporation, H.B. Fuller, Evonik, Henkel, Eastman Chemical Company, Arkema, Rextac LLC

Hot Melt Amorphous Polyalphaolefin Market size 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.”

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The awareness about personal health and hygiene among the people is increasing exponentially across the globe, considering the surging occurrence of health problems due to personal uncleanliness. In that regard, hot melt amorphous polyalphaolefin market share from personal hygiene, worth USD 30 million in 2016, will register noticeable annual growth rate over the years ahead. Rising demand for personal care products including the ones for feminine hygiene and baby health will considerably influence the growth potential of this particular segment.

Company profiled:

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

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. 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.

The paper & packaging sector contributed to more than 30% of the overall hot melt amorphous polyalphaolefin market size in 2016 and will, in all probability, collect substantial revenue by the end of 2024. This product is used in the paper & packaging sector for a plethora of distinct purposes, which will subsequently boost the hot melt APAO industry size.

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Amorphous polyalphaolefin is widely used in hot melt adhesive production. Exponentially growing packaging industry shall positively influence hot melt APAO market for the forecast duration. Amplified spending pattern of dual income family coupled with drifting preference for packaged products has led to in augmented packaging materials demand in pharmaceutical, e-commerce and food & beverage industry.

Increasing popularity of low emission and lightweight automobiles is anticipated to boost the overall hot melt amorphous polyalphaolefin market size in the coming years. The product is used to bind different materials employed in automobile industry and aid in increasing stiffness and rigidity of vehicle without considerable increase in overall mass. Rising passenger vehicles demand coupled with increasing awareness regarding fuel economy shall accelerate hot melt APAO market growth over the forecast timeframe. The major challenge for future product market growth is the constant fluctuations in prices of raw materials (petrochemicals and crude oil derivatives).

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

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 amorphous polyalphaolefin market size 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.

Europe and North America had significant share of overall hot melt APAO market in 2016, generating an overall revenue close to USD 120 million. This can be attributed to its developed food packaging industry and rising demand for ready to eat packaged products. Higher penetration of online business in Europe and North America has resulted in augmented product demand for packaging in this region. Moreover, awareness among consumers in these regions regarding personal hygiene goods has boosted the overall product demand in recent years.

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

Asia Pacific for hot melt amorphous polyalphaolefin market shall witness gains more than 7% over the forecast timespan. It can be due to the improving economic scenario, which has propelled packaged products demand and eventually demand for hot melt APAO in this region. Increasing personal hygiene goods demand will positively influence hot melt APAO market in the coming years. Shifting of production units to countries including India and China shall accelerate product demand in this region for the forecast period.

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.

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.

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