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What's Driving The Hot Melt Amorphous Polyalphaolefin Market Size? | Evonik, Henkel, Huntsman Corporation, H.B. Fuller, Eastman Chemical Company, Arkema, Rextac LLC
hot melt amorphous polyalphaolefin market
Homopolymers hot melt amorphous polyalphaolefin (APAO) industry revenue is projected to exceed USD 100 million by 2024, driven by the favorable product features such as chemical resistance, weldability, rust resistance, and stiffness.
Global Hot Melt Amorphous Polyalphaolefin 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.
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Asia Pacific share for global hot melt amorphous polyalphaolefin 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 amorphous polyalphaolefin 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.
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 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
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Health hazards associated with the use of these adhesives may hinder the global hot melt amorphous polyalphaolefin 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 and homopolymers are the two product segments under the global hot melt amorphous polyalphaolefin 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.
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
Browse key industry insights from the report, “hot melt amorphous polyalphaolefin market” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/hot-melt-amorphous-polyalphaolefin-APAO-market
Arkema, Henkel AG, Eastman, Evonik Industries, H.B. Fuller, REXtac, and Huntsman Corporation are the major players in hot melt amorphous polyalphaolefin market. There are other key players in the industry including Evans Adhesive Corporation, Liaoyang Liaohua Qida, Guangdong Orient Resin Company, Texyear Industrial Adhesives, Glue Machinery Corporation, Almas Fanavaran Giti Company, Adtek Malaysia Sdn. Bhd, Bond Tech Industries, etc.
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Global Market Insights, Inc.
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