Hot Melt Adhesives (HMA) Market Expected to Hit $9.46 Bn to 2022

Hot Melt Adhesives (HMA) market is projected to reach $9.46 Billion by 2022 at a CAGR of 6.5%, in terms of value. The HMA market has witnessed high growth in recent years, which is projected to continue in the coming years as well.

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HMAs are used in a wide range of applications such as packaging solutions, nonwoven hygiene products, wood & furniture, bookbinding, and others as it imparts properties such as enhanced processability, performance, and appearance of the product.
The key market players in the HMA market include
1. 3M Company (U.S.),
2. Arkema (France),
3. Dow Corning (U.S.),
4. H.B. Fuller (U.S.),
5. Henkel AG & Company KGaA (Germany),
6. Jowat SE (Germany),
7. Beardow & Adams (Adhesives) Limited (U.K.),
8. Sika AG (Switzerland).
The main resin types are Ethylene-Vinyl Acetate (EVA), Styrenic Block Copolymers (SBC), Amorphous Poly-Alphaolefin (APAO), Metallocene Polyolefin (mPO), other Polyolefins (POP, PE, others), polyurethane, polyamide, Polyvinyl Acetate (PVA), and acrylic, among others. EVA is projected to lead the type segment of HMA, in terms of value and volume, during the forecast period. This is due to the wide usage of EVA in the manufacture of HMAs for various applications. The cost effectiveness of EVA over other types, is also leading to the high demand for the manufacture of HMAs.
HMAs are used in various application segments such as packaging solutions, nonwoven hygiene products, furniture & woodwork, and bookbinding, among others considered in the report. In 2016, the packaging solutions application accounted for the largest market share, in terms of value and volume. HMA is best suited for the manufacture of packaging solution products, especially food packaging and specialty packaging.
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Key Target Audience:
1. HMA manufacturers
2. HMA traders, distributors, and suppliers
3. Raw material suppliers
4. Government and research organizations
5. Regulatory bodies
6. Associations and industry bodies
“This study answers several questions for the stakeholders, primarily which market segments they should focus upon during the next two to five years to prioritize their efforts and investments”.
Scope of the Report:
1. This research report categorizes the HMA market on the basis of resin type, application, and region.
Based on Resin Type:
1. Ethylene-vinyl Acetate (EVA)
2. Styrenic Block Copolymers
3. Metallocene Polyolefin (mPO)
4. Polyamide
5. Polyolefins
6. Amorphous Poly-alphaolefin (APAO)
7. Polyurethane (PU) (including reactive HMA)
8. Others
Based on End-use Industry:
1. Packaging Solutions
2. Nonwoven Hygiene Products
3. Furniture & Woodwork
4. Bookbinding
5. Others
Research Coverage
The market is segmented based on resin type, application, and region. This report covers the HMA market, in terms of value and volume, and forecasts its market size till 2022. The report also provides company profiles and competitive strategies adopted by the key players in the global HMA market.

Reasons to Buy the Report
The report will help the market leaders/new entrants in this market in the following ways:
1. This report segments the HMA market comprehensively and provides the closest approximations of the revenues for the overall market and the subsegments across different verticals and regions.
2. It will help stakeholders understand the pulse of the market and provide them information on key market drivers, restraints, challenges, and opportunities.
3. It will help stakeholders understand competitors and gain more insights to better their positions in the business. The competitive landscape section includes new product developments, partnerships, and mergers & acquisitions.

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This release was published on openPR.