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Hot Melt Adhesives Market Share Analysis, Growth Insights, Size, Global Demand and Forecast to 2027
Hot Melt Adhesives Market
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The report on the hot melt adhesives market highlights:
Grander insights into the market
All-inclusive data with superior analysis
Key Market Drivers
Market Restraints and regional insights
Market Driver:
Expansion of Beardow’s Production Facility to Augment Growth
The increasing production capacities of major players are expected to create lucrative opportunities for the market during the forecast period. For instance, in September 2016, Beardow Adams, a UK-based hot melt adhesive manufacturer announced that it has inaugurated an additional production facility in Germany to better serve the European market. Once fully operational in 2019, the plant will have 5 production lines with 30 KT production capacity of hot melt adhesives per annum. Likewise, in July 2015, Arkema announced that it has expanded its Bostik adhesives production capacities in India. it has extended its hot melt pressure sensitive adhesives (HMPSA) production capacities which will enhance the ability to serve customers in the disposable hygiene market. Also, the surge in the packaging industry is expected to boost the growth of the market in the foreseeable future.
However, the volatile prices of raw materials are predicted to restrict the growth of the market. Additionally, the threat of substitutes and difficulty in the binding of hard to bond substances is expected to further dampen the growth of the market during the forecast period.
Gain More Insights into the Hot Melt Adhesives Market Research Report
https://www.fortunebusinessinsights.com/industry-reports/hot-melt-adhesives-market-101724
Regional Analysis:
High Demand from the Paper Binding Industry to Aid Expansion in Asia Pacific
Geographically, the global hot melt adhesives market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is expected to witness a substantial growth rate during the forecast period owing to the growing DIY applications such as paper binding, woodworking, and others in the US. Asia Pacific is predicted to rise tremendously during the forecast period owing to the rising demand for EVA based hot melt adhesives from packaging and building & construction, woodworking industries in countries such as India, China, and Japan. Latin America is predicted to grow rapidly in the forthcoming years due to the increasing demand from the building materials, construction, paper, and other sectors. Building materials and construction are expected to support the growth of the hot melt adhesives market in the Middle East & Africa.
Key Development:
April 2019: H.B. Fuller launched a new set of products called Ligna 2019 which will cater to the growing demand from wood furniture and flooring manufacturers and help reduce hazardous emissions from finished goods. These include Rakoll 5010, a low monomer emission reactive hot melt adhesive; and a range of NEP-free primers.
The Report Lists the Main Companies in the Hot Melt Adhesives Market:
• 3M Company
• Arkema
• Avery Dennison Corporation
• Beardow & Adams (Adhesives) Ltd.
• Dow Corning Corporation
• HB Fuller Company
• Henkel AG & Co.
• Jowat Se
• Tex Year Industries Inc.
• Adhesive Direct UK.
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