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Reactive Hot Melt Adhesives Market detail analysis by focusing on top key players
Reactive Hot Melt Adhesives Market
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Growing infrastructural activities and residential construction in the emerging economies is expected to be another factor aiding in growth of the market. According to the National Skill Development Corporation (NSDC), the demand for affordable housing is expected to increase from current level in 2017 of 29 million households to around 38 million households by 2030. This has led to surge in demand for different and unique furniture in houses, and this is expected to increase demand for reactive hot melt adhesives. This is expected to foster growth of the global reactive hot melt adhesives market during the forecast period.
Major companies operating in the global reactive hot melt adhesives market include Avery Dennison Corporation, 3M, H. B. Fuller, Henkel, Bostik, Kleiberit, Beardow Adams, DOW Corning, ZheJiang Good Machinery Co., Ltd. , Tex Year Industries Inc., Guangdong Huate Gas Co., Ltd., and Nanpao Resins Chemical Group.
Market Taxonomy
On the basis of product type, the global reactive hot melt adhesives market is segmented into:
High Temperature
Low Temperature
On the basis of application, the global reactive hot melt adhesives market is segmented into:
Personal Care
Packaging
Automotive
Furniture
Footwear
Textile
Electronics
Construction
Others
The global reactive hot melt adhesives market has witnessed significant growth in the recent past, owing to growth of various end-user industries such as furniture, automotive, and packaging in emerging economies According to the Indian Brand Equity Foundation (IBEF), India was fourth largest automobile market and seventh largest manufacturer of commercial vehicles in 2018 with a 8.3% growth in sales.
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