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Polyamide Hot Melt Adhesives Market Report 2024 - Polyamide Adhesives Market Size And Forecast
"The Business Research Company recently released a comprehensive report on the Global Polyamide Hot Melt Adhesives Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=19145&type=smp
According to The Business Research Company's, The polyamide hot melt adhesives market size has grown strongly in recent years. It will grow from $0.59 billion in 2023 to $0.63 billion in 2024 at a compound annual growth rate (CAGR) of 6.1%. The growth in the historic period can be attributed to increased chemical endurance, growth in automotive industry, growth in footwear manufacturing, rise in global manufacturing, growth in sustainable packaging.
The polyamide hot melt adhesives market size is expected to see strong growth in the next few years. It will grow to $0.8 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to growth of the packaging industry, increased focus on lightweight aerospace materials, increased demand for electric vehicles, growing demand in electronics. Major trends in the forecast period include advancements in manufacturing technologies, advancements in 5G and electronics, advances in packaging, advancements, integration with circular economy initiatives, application-specialized innovation.
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Market Drivers and Trends:
The increasing demand for consumer electronics is expected to propel the growth of the polyamide hot melt adhesives market going forward. Consumer electronics refer to electronic devices intended for everyday use by individuals. Consumer electronics use showcases an advancement towards new technology, increasing internet penetration, the proliferation of smart devices, and enhanced connectivity that cater to diverse consumer needs and preferences. Polyamide hot melt adhesives provide high thermal stability, excellent electrical insulation, and solid and durable bonds that withstand mechanical stress and temperature fluctuations, ensuring reliable and long-lasting component assemblies. For instance, in May 2023, according to the Japan Electronics and Information Technology Industries Association, a Japan-based trade association, the total electronic equipment production in Japan reached 771,457 units. In addition, consumer electronics production reached 32,099 units in May 2023, compared to 25,268 units in May 2022. Therefore, the increasing demand for consumer electronics is driving the growth of the polyamide hot melt adhesives market.
Major companies operating in the polyamide hot melt adhesives market are developing hot melt label adhesive solutions to improve durability, performance, and versatility for a wide range of labeling applications. A hot melt label adhesive solution is an adhesive used for applying labels activated by heat. For instance, in April 2023, Avery Dennison and Dow, a US-based company operating in materials science and digital identification solutions, launched a groundbreaking hot melt label adhesive aimed at enhancing the recyclability of packaging. This innovative adhesive allows for the mechanical recycling of polyolefin filmic labels and polypropylene (PP) or polyethylene (PE) packaging in a single stream, effectively treating them as a mono-material. It is the first olefinic hotmelt adhesive designed explicitly for chilled food applications on the label market. The adhesive has received approval from Recyclass for recycling in the high density polyethylene (HDPE) colored stream in European markets.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
BASF SE, 3M Company, Henkel AG And Co. KGaA, Evonik Industries, Dow Chemical Company, Sika AG, Arkema S.A., Huntsman Corporation, H.B. Fuller Company, Bostik Inc., DuPont, TEX YEAR INDUSTRIES INC., Beardow Adams Ltd., Shanghai Tianyang Hot Melt Adhesive Co. Ltd., Jowat SE, Bühnen GmbH & Co. KG, Palmetto Adhesives Company, Schaetti, Sipol, Huate Bonding Material, Shanghai Tianyang, Bond Tech Industries
Polyamide Hot Melt Adhesives Market 2024 Key Insights:
• The polyamide hot melt adhesives market size is expected to see strong growth in the next few years. It will grow to $0.8 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%.
• Rising Consumer Electronics Demand Driving Growth in Polyamide Hot Melt Adhesives Market
• Innovation in Hot Melt Label Adhesives
• Asia-Pacific was the largest region in the polyamide hot melt adhesives market in 2023, and is expected to be the fastest-growing region in the forecast period
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Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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