Hot Melt Adhesives Market to hit $10bn by 2024: Global Market Insights, Inc.

“Pressure sensitive applications of hot melt adhesives market should witness significant gains over the forecast timeframe of 2016 – 2024 owing to their use in various categories of binding materials used in industrial and consumer applications.”

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| Source: Global Market Insights, Inc

Ocean View, Delaware, April 04, 2017 (GLOBE NEWSWIRE) --

The research report Hot Melt Adhesives Market Size By Product (EVA, SBC, Amorphous Polyolefin, MPO, PU, Polyamide, Polyester), By Application (Packaging, Disposables, Pressure Sensitive Products, Bookbinding, Furniture, Footwear, Automobiles, Textiles, Electronics), Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, Russia, Poland, China, India, Japan, South Korea, Malaysia, Thailand, Australia, Brazil, Argentina, Mexico, Saudi Arabia, UAE, South Africa, Tanzania, Kuwait), Price Trend, Competitive Market Share & Forecast, 2016 – 2024” by Global Market Insights, Inc. says Hot Melt Adhesives Market size is forecast to surpass USD 10 billion by 2024.

Application potential hygiene, packaging, footwear, electronics, and automobile industries will favour HMA market size. Longer shelf life, cost effective, fast drying, reused without degradation and easily disposable are key properties stimulating product demand.

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EVA hot melt adhesives market size will witness gains at above 5%. It is majorly used in woodworking, paper, and automobile industries due to durability, versatility, and intact adhesion. Shift in consumer preference towards packed products consumption accompanied with FDA regulations regarding indirect or direct food contact should promote product demand.

Hot melt adhesive market consumption from packaging applications should witness significant gains to surpass USD 3 billion by 2024. They are mainly used in food & beverages packaging & labelling as they have good adhesion and high intact properties.

Increasing emphasis on bio-based hot melt adhesives market development mainly for packaging applications should drive industry growth. It does not contain any hazardous materials along with favourable government guidelines, thereby making it suitable for food & beverage packaging applications.

Key raw materials, styrenic block copolymers (SBC), polyamide, polyolefin, polyurethane, and ethylene vinyl acetate (EVA) are used for production process. EVA is most widely used raw material hot melt glue production owing to superior performance and low cost. These raw materials are used in various applications and may face supply deficit and impact hot melt adhesives market price trend.

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U.S. polyester hot melt adhesives market size should register close to 5% growth. It is prominently used in textiles & fabrics, footwear and automobile industries. Strong outlook towards textile industry and protective clothing along with increasing high efficiency and light weight automobile production should drive regional growth.

Germany hot melt adhesives market size from disposables application should witness gains at over 5%. Positive application outlook in female hygiene, baby diapers and adult incontinence should drive industry growth. The industry is gaining acceptance and importance owing to superior quality properties usually for producing baby diapers, thereby supporting regional growth.

Styrenic block copolymers HMAs are essential feedstock for pressure sensitive products such as tapes and labels owing to its good heat resistance, high elongation, low temperature flexibility and good adhesion.

China hot melt adhesives market size from automobile application should register over USD 50 million  by 2024. It is used in seating, door sealant, auto seat upholstery, exterior trim bonding, package tray attachment, water shields, and headliner attachment.

Hot melt adhesives market size from furniture applications may witness gains at above 4%. Polyurethane, polyamide and EVA are preferably used for woodworking and furniture owing to bond strength for metal, glass and wood, thereby making it suitable for architectural elements and profile wrapping.

Global hot melt adhesives market share is consolidated. Major companies in this industry include 3M Company, Henkel, Bostik, Jowat, Dow Chemical, Sika AG, Ashland, H.B. Fuller, and Avery Dennison.

Browse key industry insights spread across 270 pages with 210 market data tables & 37 figures & charts from this 2017 report Hot Melt Adhesives Market in detail along with the table of contents at:           

https://www.gminsights.com/industry-analysis/hot-melt-adhesives-market

Hot melt adhesives market research report includes in-depth coverage of the industry, with estimates & forecast in terms of volume in kilo tons and revenue in USD Million from 2013 to 2024, for the following segments:

Hot Melt Adhesive Market By Product

  • EVA
  • SBC
  • Amorphous polyolefin
  • MPO
  • PU
  • Polyamide
  • Polyester
  • Others

 Hot melt Adhesive Market By Application

  • Packaging
  • Disposables
  • Pressure sensitive products
  • Bookbinding
  • Furniture
  • Footwear
  • Automobiles
  • Textiles
  • Electronics
  • Others

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
    • Poland
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Malaysia
    • Thailand
    • Australia
  • LATAM
    • Brazil
    • Argentina
    • Mexico
  • MEA
    • Saudi Arabia
    • UAE
    • South Africa
    • Tanzania
    • Kuwait

 

Browse Related Reports:

  • Adhesives and Sealants Market Size By Application (Construction, Pressure Sensitive, Furniture, Packaging, Automotive), By Technology (Solvent, Water-based, Reactive, Hot Melt), By Product (Polyurethane [PU], Acrylic, Epoxy, EVA, Polyvinyl Acetate [PVA]), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2023

      https://www.gminsights.com/industry-analysis/adhesives-and-sealants-market-report

  • Structural Adhesives Market Size By Component (Single, Double), By Product (Polyurethane, Epoxy, Acrylic, Cyanoacrylate, Methyl Methacrylate, Silicone), By Application (Composites, Metals, Plastics, Concrete & Tiles, Wood, Leather), By End-User (Automobiles, Aviation & Aerospace, Marine, Construction, Furniture, Water & Sewer), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Australia, Indonesia, Malaysia, Brazil, Mexico, South Africa, and GCC), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024

      https://www.gminsights.com/industry-analysis/structural-adhesives-market

               

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