Hotmelt Adhesives Market is anticipated to reach USD 15 Billion by 2026 | Growing at CAGR of 6.7% from 2020-2026 | Henkel, H. B. Fuller, Bostik Inc, 3M Company
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Packaging is the largest end-user segment for hot melt adhesive in 2020
In 2020, Packaging was the largest end-user segment for hot melt adhesives, followed by the non-rigid bonding segment. Polyurethane, EVA-based, and pressure-sensitive hot melt adhesives are the most commonly used and are expected to see encouraging growth in the coming years. Hot melts are 100% solid systems that find primary application in packaging/converting, woodworking/joinery and other product assembly adhesives. The demand for this technology is growing at a rate higher than the industry average.
Hot Melt Adhesives Company Coverage (Company Profile, Sales Revenue, Price, Gross Margin, Main Products etc.):
Beardow & ADAMS
TEX YEAR INDUSTRIES
This company profiles includes the major growth strategies adopted by the companies in the global hot melt adhesives. The major strategies identified are new product launch, agreements and collaborations, mergers and acquisitions, expansion. The global hot melt adhesives market is highly competitive and fairly concentrated. The current scenario in the global hot melt adhesives market is dominated by a few major players i.e., Henkel, H. B. Fuller, Bostik Inc
3M Company, Beardow & ADAMS, Jowat, Avery Dennison, DOW Corning, Kleiberit
Sika AG, TEX YEAR INDUSTRIES, Nanpao, Tianyang, Renhe, CherngTay Technology, Zhejiang Good, Huate, and Others.
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Hot Melt Adhesives Product Type Coverage (Market Size & Estimates Forecast-2020-2026
The hot melt adhesives are defined as adhesives that melt and flow on application of heat and solidify on cooling to give a strong adhesion. The defining component of the hot melt and the basis by which it is segmented is the polymer, the most commonly used being polyamides, polyesters, ethylene-vinyl acetates, polyurethanes, and various block copolymers.
Hot Melt Adhesives Application Coverage (Market Size & Estimates Forecast-2020-2026
Label & Tape
Textile / Footwear
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Asia Pacific captured the highest market share in 2020
The Asia-Pacific region is the largest consumer of adhesives and sealants in the world. This region will continue to dominate the market, because of its strong, growing middle class, the entire region is a significant market for end markets that use adhesives and sealants, including packaging, construction and transportation. Japan, Australia, and South Korea are the most developed countries in the Asia-Pacific region and have mature growth outlooks.
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