Press release
Hot Melt Adhesives Market Survey on Developing Application 2031
โข The global hot melt adhesives market was valued at US$ 12.1 Bn in 2021
โข It is estimated to grow at a CAGR of 8.7% from 2022 to 2031
โข The global hot melt adhesives market is expected to cross US$ 25.6 Bn by the end of 2031
๐๐ข๐๐ฐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฉ๐จ๐ซ๐ญ @ https://www.transparencymarketresearch.com/hot-melt-adhesives-market.html
๐๐ง๐๐ฅ๐ฒ๐ฌ๐ญ๐ฌ' ๐๐ข๐๐ฐ๐ฉ๐จ๐ข๐ง๐ญ ๐จ๐ง ๐๐จ๐ญ ๐๐๐ฅ๐ญ ๐๐๐ก๐๐ฌ๐ข๐ฏ๐๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐๐ง๐๐ซ๐ข๐จ
Companies in the hot melt adhesives market are focusing on high-growth industries such as packaging, construction, and non-woven/hygiene to keep their business growing after the COVID-19. Hot melt adhesives are widely used in the production of packaging materials, which are needed for ready-to-eat products. An increase in the usage of hot melt adhesives in various conventional and niche applications is broadening their scope for high product sales among new end-use industries. As a result, a wide range of unique properties is expected to boost the demand for hot melt adhesives during the forecast period. Companies are considering capacity expansion in anticipation of a rapid increase in demand for hot melt adhesives in packaging as well as non-woven/hygiene industries throughout the assessment tenure, as both these industries are projected to grow rapidly during the forecast period.
๐๐๐ญ ๐๐๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ซ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐๐ง๐ ๐๐ฎ๐ฌ๐ข๐ง๐๐ฌ๐ฌ ๐๐ง๐ญ๐๐ฅ๐ฅ๐ข๐ ๐๐ง๐๐ @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=8488
๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ ๐จ๐ ๐๐จ๐ญ ๐๐๐ฅ๐ญ ๐๐๐ก๐๐ฌ๐ข๐ฏ๐๐ฌ ๐๐๐ซ๐ค๐๐ญ
Hot melt adhesive is defined as an adhesive system that is thermally melted and develops cohesion through cooling. Akin to all adhesives, hot melt adhesive is composed of one or more polymers as well as additives such as pigments and stabilizers.
Hot melt adhesives are multicomponent systems that can combine various polymers and additives. They are applied using an electric hot glue gun. The hot glue gun has a loading compartment, where hot melt adhesives (HMA) are heated to their melting point.
Hot melt adhesives are thermoplastic adhesives that are solid at room temperature, but melt and turn to liquid when heated for application to an adherent. Prominent applications of hot melt adhesives include packaging, construction, non-woven, bookbinding and paper binding, furniture, footwear, and electronics. Hot melt adhesives can be classified into polyester hot melt adhesives and reactive hot melt adhesives.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ @ https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=8488
Polyester hot melt adhesives refer to thermoplastic adhesives that are non-volatile in nature. They are commonly found in a solid state at room temperatures and can be liquefied upon heating. Polyester hot melt adhesives are widely used to form instantaneous bonds and reduce product weight while improving the overall product appearance.
Reactive hot melt adhesives are high-performance hot melt materials that crosslink within the polymer matrix, and yield a temperature-resistant bond line. Reactive hot melt adhesives have high adhesion to a wide range of materials, including metals, plastics, glass, thermoplastic polyolefin (TPO), fabric, and leather.
The global hot melt adhesives market is estimated to grow, owing to favorable properties of hot melt adhesives, specifically for industries such as packaging, construction, and non-woven/hygiene. This is evident since hot melt adhesives offer more benefits than conventional adhesives, making them a popular choice among end-users.
๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐จ๐ ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐ข๐ง ๐๐จ๐ญ ๐๐๐ฅ๐ญ ๐๐๐ก๐๐ฌ๐ข๐ฏ๐๐ฌ ๐๐๐ซ๐ค๐๐ญ
The global hot melt adhesives market is highly consolidated, with a small number of large-scale vendors controlling majority of the share. Most companies are investing significantly in comprehensive R&D activities, primarily to create environment-friendly products. Diversification of product portfolios and mergers & acquisitions are the key strategies adopted by prominent players. Henkel AG & Co. KGaA, 3M, Avery Dennison Corporation, H. B. Fuller Company, Jowat SE, DowDupont, Sika AG, Hexcel Corporation, Toyobo Co. Ltd, and Heartland Adhesives LLC are the key entities operating in this market.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง @ https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=8488
Each of these players has been profiled in the hot melt adhesives market report based on parameters such as company overview, financial overview, business strategies, product portfolio, business segments, and recent developments.
๐๐๐จ๐ฎ๐ญ ๐๐ซ๐๐ง๐ฌ๐ฉ๐๐ซ๐๐ง๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
๐๐จ๐ง๐ญ๐๐๐ญ:
Rohit Bhisey
Transparency Market Research Inc.
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