Hot melt amorphous polyalphaolefin market top trends, forecasts, Key players like Eastman, Evonik, REXtac, Henkel AG, Huntsman, Arkema
The information provided in the report is likely to help manufacturers involved in the production of bulk and specialty chemicals, polymers, resins, lubricants, detergents, soaps, coatings, preservatives, fluids, biocides, oilfield chemicals, specific chemicals, derivatives, specific agents, powders, etc. The details provided are also probable to help suppliers and buyers of products such as dyes, surfactants, bleaches, resins, paints, petrochemicals, plastics, acids, additives, solvents, and more, with appropriate decision making and an in-depth understanding of how the hot melt amorphous polyalphaolefin market works.
The hot melt amorphous polyalphaolefin market, having registered a valuation of US$ 200 million in 2017, is projected to depict a market size of 380 million, by the year 2024, with an anticipated CAGR of 6%. Added by Global Market Insights, Inc., the document consists of substantial information on the market scenario, industry strategies, evolving technologies, market competitors, growth opportunities, and market segmentation.
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Rapid globalization, demographic changes resulting in major expansion of FMCG sector has influenced hot melt amorphous polyalphaolefin market outlook. Amorphous polyalphaolefin (APAO) is widely used in the manufacturing of adhesives. Exponential growth of packaging industry which is generating heavy demand for adhesives will positively impact hot melt APAO market forecast.
Changing consumer spending pattern along with shifting trends towards packaged products due to ease of use and longer shelf-life will augment packaging materials requirement from e-commerce and food & beverage and pharmaceutical sector. The compound finds application in binding of different materials that are employed in automobile industry for enhancing rigidity and stiffness of vehicle without considerable increase in overall mass.
Rising preference for lightweight, low emission producing automobiles will boost hot melt APAO product demand in the coming years. Estimates suggests that global hot melt amorphous polyalphaolefin market size will exceed USD 380 million in terms of annual remunerations by 2024.
Major key players in the hot melt amorphous polyalphaolefin market are Eastman Chemical Company, Evonik Industries AG, REXtac, Henkel AG & Company KGaA, H.B. Fuller, Huntsman Corporation, Liaoyang Liaohua Qida Chemicals Company, Arkema, Evans Adhesive Corporation, Ltd., Guangdong Orient Resin Co. Ltd, Glue Machinery Corporation, Texyear Industrial Adhesives Pvt Ltd., Bond Tech Industries, Almas Fanavaran Giti Company, Adtek Malaysia Sdn. Bhd.
Get Table of Contents (ToC) of the hot melt amorphous polyalphaolefin market research report @ https://www.gminsights.com/toc/detail/hot-melt-amorphous-polyalphaolefin-APAO-market
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