Polyester Hot Melt Adhesives Market Outlook, Size, Share and Growth Stance Forecasted

SDKI Inc. published a new report on the Polyester Hot Melt Adhesive Market-Growth, Trends, Impact of COVID-19, and Forecast 2022-2030. This study includes the statistical and analytical approaches needed to grow the polyester hot melt adhesive market. The key industry insights provided in the report provide readers with better ideas about market overviews regarding existing market scenarios. In addition, the report contains a detailed discussion of current and future market trends related to market growth.

Report sample URL
https://www.sdki.jp/sample-request-113990

The polyester hot melt adhesive market is expected to grow at a CAGR of approximately 4% during the forecast period. Polyester hot melt adhesives are essentially non-volatile thermoplastic adhesives. They are usually found in solid form at room temperature and can liquefy when heated. These adhesives are widely used to form superglues and reduce the weight of the product while improving the overall appearance of the product. They are generally compatible with polyester, leather, polyvinyl chloride (PVC), polycarbonate, aluminum, copper, steel, non-woven fabrics, and paper-based fabrics.

Increasing demand from the automotive industry and increasing demand from the packaging industry are driving market growth. Global market growth is also driven by increasing use of polyester hot melt adhesives in the textile sector. These adhesives are widely used to form effective and durable bonds on moisture resistant fibers pretreated with hydrophobic polymers. In addition, the growing adoption of corrugated board in the food and beverage industry is another major growth factor. Driven by the affordable and environmentally friendly nature of these packaging solutions, this is driving the increased uptake of hot melt adhesives. However, the limited use of polyester hot-melt adhesives and the disadvantages created by the spread of COVID-19 can hinder market growth.

Market segment

The polyester hot melt adhesive market is divided by application (industrial assembly, food and medical packaging, electrical components, heat seal coatings, textile laminates, etc.) and by region. These segments are further subsegmented based on various factors and consist of some additional information about the market, such as the combined annual growth rate of each segment and subsegment, the market value and volume of the valuation period.

Based on the application, the automotive industry subsegment of the industrial assembly segment is expected to dominate the market. Polyester-based hot melt adhesives are used to seal various air and ventilation filters in the automotive industry. It is resistant to high temperatures and has a short cure time. Polyester adhesives are crystalline and solid at room temperature. Polyester hot melt adhesives can be used on polyester, PVC, polycarbonate, aluminum, copper, steel, non-woven fabrics, leather and paper-based fabrics. They are resistant to oils and other non-polar solvents and are suitable for oil filter applications. These factors are expected to contribute to the growth of this subsegment.

Regional Overview

The polyester hot melt adhesive market is further subdivided based on the region, and the market growth of each country is evaluated. These include North America (US, Canada, and other North America), Europe (Germany, France, Italy, Spain, UK, and other Europe), Asia Pacific (China, Japan, India, Australia, and other Asia Pacific). ) And other regions.

The Asia Pacific region is expected to dominate the polyester hot melt adhesive market during the forecast period. This growth is contributing to increased demand from countries such as India and China. The growing textile industry in India and China is expected to drive market growth. According to the Ministry of Textiles Annual Report 2018-2019, India's textile industry contributes 7% of industrial production, 2% of India's GDP and 15% of national export revenue on a monetary basis. In addition, the growing packaging industry is expected to drive the Indian and Chinese markets. India's packaging industry is the fifth largest in the world, growing by about 22-25% annually, according to the Indian Plastics Industry Association. Alibaba also dominates China's e-commerce industry, with a market share of approximately 59%.

Key Players on the Market Leading

key players on the polyester hot melt adhesive market include Cattie Adhesives, Nihon Matai Co., Ltd., Bostik, Henkel Limited, Bühnen GmbH & Co. KG. The study includes a detailed competitive analysis of these major companies in the polyester hot melt adhesive market, corporate profiles, recent developments, and key market strategies.

Detailed contents of the survey report
https://www.sdki.jp/reports/polyester-hot-melt-adhesives-market/113990

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This release was published on openPR.