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Reactive Hot Melt Adhesives Market is anticipated to grow at a remarkable CAGR of 8.1% during the forecast period 2022-2029 | Size & Forecast Report

03-04-2023 05:29 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: GMI Research

Reactive Hot Melt Adhesives Market

Reactive Hot Melt Adhesives Market

The Reactive Hot Melt Adhesives Market is estimated to grow at a robust CAGR of 8.1% over the forecast period (2022-2029).

For Additional Insights, Click to Access Complete Report - https://www.gmiresearch.com/report/reactive-hot-melt-adhesives-market/

The factors driving growth of the Reactive Hot Melt Adhesives Market includes increasing application of reactive hot melt adhesives in end-use industries such as Automotive, Woodworking and Construction, growing demand for furniture and low VOC content in the reactive hot melt adhesives. Moreover, rising focus by manufacturers on developing environment friendly products, technological advancements in reactive hot melt adhesives, increase in the launch of innovative products, improvements in the living standards and rapid urbanization, are some of the additional factors supplementing the market growth. In addition, the increasing investments by major corporations on research and development, strategic partnerships, and collaborations between enterprises, rising disposable incomes and growing population growth rates, are further contributing towards the Global Reactive Hot Melt Adhesives Market.

However, growth of the Reactive Hot Melt Adhesives Market is hindered because reactive hot melt adhesives require more curing time as compared to other adhesives.

The leading players operating in the Reactive Hot Melt Adhesives Market are Dow Inc., ZheJiang Good Machinery Co., Ltd., 3M Company, Jowat SE, Avery Dennison Corporation, Tex Year Industries Inc., Guangdong Huate Gas Co., Ltd., H.B. Fuller Company, Henkel AG & Co. KGaA, and Nanpao Resins Chemical Group, among others.

Based on Product, the Polyurethane (PU) segment is predicted to grow at a significant CAGR during the forecast period

Polyurethane adhesives are increasingly used to form permanent bond with metals, papers, and glass, owing to its cold and moisture resistance properties, is propelling segment's growth.

Based on Application, the Packaging segment is projected to grow at a faster CAGR over the forecast period

Increasing application of reactive hot melt adhesives in case sealing, pallet stabilization and plastic container bonding, is pushing segment's growth.

Based on Region, the North American region is anticipated to expand at a remarkable CAGR during the forecast period

As per the Reactive Hot Melt Adhesives Market Report, increasing application of reactive hot melt adhesives across automotive, furniture, and electronics industries, growing demand for environment friendly adhesives, rapid urbanization and high per capita incomes, are some of the important factors augmenting the market growth in the North American region. 

Key Development

In 2020, H.B.Fuller developed Rakoll 5010, a low monomer emission reactive hot melt adhesive at Ligna 2019 in Hannover, Germany, one of the world's leading trade fairs for woodworking business.
Market Segmentation

Segmentation by Product

Ethylene Vinyl Acetate (EVA)
Styrenic Block Copolymer (SBC)
Amorphous poly-alpha-olefin (AMOP)
Metallocene Polyolefins (MPO)
Polyurethane (PU)
Polyamide (PA)
Polyester

Segmentation by Application

Pressure Sensitive Products
Packaging
Disposables
Book Binding
Furniture
Footwear
Textile
Automobiles
Electronics
Others

Segmentation by Region

Asia Pacific
China
Japan
India
Rest of APAC

North America
United States of America
Canada

Europe
United Kingdom
Germany
France
Spain
Rest of Europe

RoW
Brazil
South Africa
Saudi Arabia
UAE

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe - +353 1 442 8820; US - +1 860 881 2270
Address: Dublin, Ireland
Website: https://www.gmiresearch.com/

 

 

 

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