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Asia Pacific Hot Melt Amorphous Polyalphaolefin Market 2024 To Gain Remarkable Traction From Packaged Food Products | Evonik, Arkema, Henkel
hot melt amorphous polyalphaolefin market
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.
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Increasing popularity of low emission and lightweight automobiles is anticipated to boost the overall hot melt amorphous polyalphaolefin market 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).
Copolymers held major share in global hot melt amorphous polyalphaolefin 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.
Hot Melt Amorphous Polyalphaolefin (APAO) Industry Insights
3.1. Industry segmentation
3.2. Industry size and forecast, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.1. Vendor matrix
3.3.2. Distributor channel analysis
3.4. Industry impact forces
3.4.1. Growth drivers
3.4.1.1. High growth in packaging industry
3.4.1.2. Rising demand for personal hygiene products
3.4.1.3. Increasing demand for lightweight and low emission automobiles
3.4.2. Industry pitfalls & challenges
3.4.2.1. Volatile raw material prices
3.4.2.2. Health hazards associated with hot melt adhesives
3.5. Growth potential analysis
3.6. Technology landscape
3.7. Regulatory trends
3.7.1. U.S.
3.7.2. Europe
3.7.3. China
3.8. Porter’s analysis
3.9. Company market share analysis, 2016
3.9.1. Strategic landscape
3.10. PESTEL analysis
3.11. Regional price trends
3.11.1. Cost structure analysis
3.11.2. Raw material trends
Paper & packaging segment held more than one-third part of global hot melt amorphous polyalphaolefin 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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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
Europe and North America had significant share of overall hot melt amorphous polyalphaolefin 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.
Hot Melt Amorphous Polyalphaolefin (APAO) Market by product
• Homopolymer
• Copolymer
Hot Melt Amorphous Polyalphaolefin Market by End user
• Paper & packaging
• Personal hygiene
• Bookbinding
• Woodworking
• Product assembly
• Others
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.
Browse key industry insights spread across 110 pages with 143 market data tables & 11 figures & charts 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
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