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Hot Melt Adhesives Market Is Expected To See Huge Growth. Latest Research Report, Forecast 2026
A research report by TMR gives panoramic view of the global hot melt adhesives market. Thus, readers get access to thorough study of many important aspects such as historical and present trends, drivers, restraints, challenges, R&D projects, and growth avenues of the market in an easy-to-understand manner.
๐๐๐ฆ๐ช๐๐จ๐ฉ ๐ฝ๐ง๐ค๐๐๐ช๐ง๐ ๐ค๐ ๐๐๐ฅ๐ค๐ง๐ฉ - https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=60933
Hot melt adhesives refer to chemicals that comprise three prime components, namely, tackifying resin, wax/oil, and polymer or a combination of polymers. Moreover, these chemicals can also comprise filler or UV stabilizers, pigment, or an antioxidant according to the need of application. While base polymer is considered prime component of hot melt adhesives, they are used to offer chemical resistance, application characteristics, and inherent strength to a product.
Ethylene Vinyl Acetate Gaining High Demand Opportunities Due to Ease of Manufacturing and Cost-Efficiency
Construction, packaging, non-woven/hygiene, automotive, footwear, furniture, electronics, textiles, book and paper binding, and DIY are some of the key end-use industries of hot melt adhesives.
Manufacturers are experiencing surge in demand for ethylene vinyl acetate owing to many advantages they offer including ease of product manufacturing as well as cost-efficiency. Growth in the use of ethylene vinyl acetate for various purposes such as furniture, packaging, footwear, and bookbinding is expected to result into substantial growth of the global hot melt adhesives market. Moreover, the industry players are likely to observe high demand for polyamides and polyolefins hot melt adhesives owing to their exceptional adhesion properties.
Strategic Partnerships: Prominent Strategy Used by Market Enterprises to Stay Ahead in Competition
Some of the prominent players operating in the global hot melt adhesives market are Henkel AG & Company KGaA, H.B. Fuller Company, 3M, Arkema, Jowat SE, Sika AG, Hexcel Corporation, TEX YEAR INDUSTRIES INC., Beardow Adams, Dowdupont, REXtac, LLC, HEARTLAND ADHESIVES LLC, Akzo Nobel N.V., Exxon Mobil Corporation, and Toyobo Co., Ltd.
๐๐๐ฆ๐ช๐๐จ๐ฉ ๐ ๐๐๐ข๐ฅ๐ก๐ ๐๐๐ฅ๐ค๐ง๐ฉ - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=60933
Major companies operating in the global hot melt adhesives market are executing organic and inorganic strategies to stay ahead in the competition. Leading players are focused on acquisition and strategic collaborations.
Several players in the global hot melt adhesives market are keen to offer innovative products to end-use industries. As a result, they are seen increasing major share of their investments toward R&D projects. The strategy is also helping companies to strengthening their portfolio. On the back of these activities, the market for hot melt adhesives is expected to demonstrate prominent growth in the upcoming years.
Asia Pacific Market to Expand with Increase in Product Demand from Regional E-commerce and Food Sectors
Asia Pacific, North America, Europe, Middle East and Africa, and Latin America are key regions for the global hot melt adhesives market. Among all, Asia Pacific seems to be one of the leading regions for the market players.
The Asia Pacific hot melt adhesives market is projected to expand at a CAGR of 9.2% during 2018 to 2026. This market growth is ascribed to a surge in demand for packaging in the regional e-commerce and food sectors.
Global Hot Melt Adhesives Market Segmentation
The report analysts have performed segmentation of the global hot melt adhesives market based on varied crucial aspects such as product, application, and region. Based on product, the market for hot melt adhesives is divided into polyolefins, ethylene vinyl acetate, metallocene polyolefin, amorphous polyolefin, polyurethanes, polyamides, styrene block copolymers, and others (including polycarbonate and polycaprolactone).
The study presented here is based on a report by Transparency Market Research (TMR) titled โHot Melt Adhesives Market (Product - Ethylene Vinyl Acetate, Polyolefins (Amorphous Polyolefin, Metallocene Polyolefin), Polyamides, Polyurethanes, Styrene Block Copolymers; Application - Packaging, Construction, Automotive, Non-woven/Hygiene, Furniture, Footwear, Book and Paper Binding, Electronics) - Global Industry Analysis, Value, Share, Growth, Trends, and Forecast 2018 - 2026.โ
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Transparency Market Research is a global market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for several decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts so that it always reflects latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
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