Press release
Hot Melt Amorphous Polyalphaolefin (APAO) Market to grow at over 6% CAGR from 2017 to 2024
Hot Melt Amorphous Polyalphaolefin (APAO) Market size will cross USD 380 million by 2024; according to a new research report by Global Market Insights, Inc.
Growing awareness about personal hygiene along with improving sanitary situation in developing countries will result in high demand for personal hygiene products. This will fuel the growth of hot melt APAO market during the forecast period as these adhesives are employed in manufacturing carious sanitary products.
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Demand for personal hygiene products such as baby & adult diapers, feminine hygiene products, etc. have grown substantially in the last two decades. This can be attributed to increasing income levels and willingness to spend on personal hygiene, chiefly in developing countries. Increasing number of working women around the world is also a contributing factor towards the demand for these goods, in turn boost the overall hot melt APAO market.
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Health hazards associated with the use of these adhesives may hinder the global hot melt APAO market during the period of study. Fumes that are released during the application of these adhesives are toxic in nature up to a certain extent. Prolonged exposure may cause eye irritation and respiratory problems in people. Special care must also be taken while using these adhesives due to their high temperature which may burn a person’s skin if it comes in direct contact.
Copolymers and homopolymers are the two product segments under the global hot melt APAO market. Homopolymers category market value is estimated to surpass USD 100 million in 2024. This category will grow due to their higher strength and stiffness and their usability in structures requiring corrosion resistance. Copolymers segment of the global hot melt APAO market will likely grow with a CAGR exceeding 6%.
Copolymers segment can be characterized with toughness in lower temperatures, durability, and stress crack resistance.
Browse key industry insights spread across 110 pages with 143 market data tables & 11 figures & charts from the report, “Hot Melt Amorphous Polyalphaolefin (APAO) Market” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/hot-melt-amorphous-polyalphaolefin-APAO-market
Global hot melt APAO market, in terms of application, is segmented as paper & packaging, woodworking, product assembly, personal hygiene, bookbinding, and other application types. Woodworking application segment market value is forecasted to be above USD 45 million in 2024, growing at CAGR exceeding 5.5%. Product assembly segment of the global hot melt APAO market will likely grow with a CAGR of almost 6% to a value of above USD 55 million by 2024.
Asia Pacific share for global hot melt APAO market is projected to be valued at above USD 100 million by 2024. This region will witness high growth due to increasing packaged products demand from food & beverages and e-commerce sector. Rising income levels in developing economies of Asia Pacific such as China, India, Indonesia, etc. will augment the hot melt APAO market as willingness to spend on personal hygiene will increase. High industrial growth in the region will also boost the industry due to increased demand for hot melt adhesives in product assembly and other applications such as textiles, plastics, woodworking, etc.
Arkema, Henkel AG, Eastman, Evonik Industries, H.B. Fuller, REXtac, and Huntsman Corporation are the major players in hot melt APAO market. There are other key players in the industry including Evans Adhesive Corporation, Liaoyang Liaohua Qida, Guangdong Orient Resin Company, Texyear Industrial Adhesives, Glue Machinery Corporation, Almas Fanavaran Giti Company, Adtek Malaysia Sdn. Bhd, Bond Tech Industries, etc.
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About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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