Global Hot Melt Adhesives Market Is Driven by Increasing Development of Non-Woven Industry

SAN FRANCISCO, Nov. 07, 2017 Global Hot Melt Adhesives Market Report, published by Variant Market Research, forecast that the global market is expected to reach $11.1 billion by 2024 from $6.7 billion in 2016; growing at a CAGR of 6.5% from 2016 to 2024.

Major growth factors of global hot melt adhesives market are, increasing development of non-woven industry, necessity to replace other adhesive technologies, expanding packaging industry, and increasing demand for high-performance solutions. However, fluctuating raw material prices, and low thermal resistance could hamper the market growth. Besides, market expansion, and growing trend of printed and graphic products would provide ample opportunities in forecasted period.

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The type, application, and geography are the key category of the global hot melt adhesives market. Type includes hot melt pressure sensitive adhesives (HMPSA), polyurethane (PUR), ethylene-vinyl acetate (EVA), styrene block copolymers (SBS/SIS), polyamide (PA), and other types. Ethylene-vinyl acetate (EVA) held the majority of the market share in 2016, driven by its enhanced properties, increase in adoption among film and injection, and wire and cable applications. Application is bifurcated as packaging, automotive, non-woven/hygiene, electronics, wood and furniture, construction, and other applications. Packaging accounted the highest market share over the forecast period. Whereas non-woven/hygiene dominated the application segment with fastest CAGR during the forecast period, owing to increasing capacity and demand development in emerging economies.

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Based on geography, the global industry gloves market has been segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW). Asia-Pacific is expected to attain the fastest CAGR during the forecast period 2016 – 2024, driven by rising demand for end use products, and expanding technological advancements in the countries such as India and China among others.

Key market players of hot melt adhesives market are Sika AG, Toyobo Co., Ltd., 3M Company, Dow Corning, Jowat SE, Henkel AG & Company, American Chemical Inc., Palmetto Adhesives Company, Worthen Industries, and Beardow & ADAMS (Adhesives) Limited, among others.

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Scope of Global Hot Melt Adhesives Market

Type Segments

• Ethylene-Vinyl Acetate (EVA)
• Polyurethane (PUR)
• Styrene Block Copolymers (SBS/SIS)
• Hot Melt Pressure Sensitive Adhesives (HMPSA)
• Polyamide (PA)
• Other Types

Application Segments

• Packaging
• Electronics
• Wood and Furniture
• Automotive
• Non-Woven/Hygiene
• Construction
• Other Applications

Geographical Segments

• North America
o U.S.
o Canada
o Mexico

• Europe
o UK
o Germany
o Italy
o France
o Rest of Europe

• Asia Pacific
o China
o India
o Japan
o South Korea
o Rest of Asia-Pacific

• RoW
o South America
o Middle East
o Africa

About Variant Market Research

Variant Market Research offers syndicated and customized reports to fulfil clients' objectives. We also provide customized data pack proposing market sizing in an Excel/PDF/PowerPoint or Word format as per the requirement of clients. We cover several industry domains, namely Semiconductor & Electronics, Consumer Electronics, Information and Communication Technology, Automotive, Consumer Goods, Food & Beverages, Pharmaceuticals, Medical Devices, Chemicals, Industrial, Mining Equipment, Automation, Manufacturing, Construction, Energy & Power, Defense & Aerospace and Banking, Financial services and Insurance (BFSI). Our expertise is data triangulation, competitor benchmarking, parent market benchmarking, estimating market size and forecast of the market from 2016 to 2024.

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Variant Market Research offers syndicated and customized reports to fulfil clients' objectives. We also provide customized data pack proposing market sizing in an Excel/PDF/PowerPoint or Word format as per the requirement of clients. We cover several industry domains, namely Semiconductor & Electronics, Consumer Electronics, Information and Communication Technology, Automotive, Consumer Goods, Food & Beverages, Pharmaceuticals, Medical Devices, Chemicals, Industrial, Mining Equipment, Automation, Manufacturing, Construction, Energy & Power, Defense & Aerospace and Banking, Financial services and Insurance (BFSI). Our expertise is data triangulation, competitor benchmarking, parent market benchmarking, estimating market size and forecast of the market from 2016 to 2024.

Variant Market Research
649 Mission St, 5th Floor,
San Francisco, CA 94105,
United States.
Tel: +1-415-680-2785
Fax: +1-415-680-2786
Email: michael.mendes@variantmarketresearch.com
Email: help@variantmarketresearch.com

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