Selbyville, Delaware, Sept. 04, 2019 (GLOBE NEWSWIRE) --
Hot melt adhesives market is projected to experience a substantial growth over the coming years owing to a vast application scope across the woodworking, packaging, electronics, and automobile industries. In today’s scenario, adhesives are become an indispensable choice in the production of food packaging and are widely used for coating as well as for pre-packaged food boxes.
Driven by the growing consumption of packaged food products worldwide, the food packaging application is expected to fuel hot melt adhesives market size. These products are widely known for substantial properties such as affordability, longer shelf life, reusability without degradation, and fast-drying ability.
The packaging sector comes in a wide array of materials and represents a key end-use application for hot melt adhesives industry as it firmly adheres to all types of plastics, papers, and board. Numerous companies are developing and offering products that provide remarkable packaging efficiency and are suited for different purposes.
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Innovative developments by industry contenders will bring forth numerous opportunities for them to expand their production capacities and further propel hot melt adhesives industry outlook. The reason for the same can be attributed to the fact that these adhesives are excessively utilized in the F&B industry for packaging and labelling on account of their excellent adhesion and high intact characteristics.
Hot melt adhesives have become widely application in the automobile industry of Asia Pacific region and are extensively utilized in manufacturing of door sealant, seating, water shields, package tray attachment and headliner attachments.
Speaking of APAC industry trends, China hot melt adhesives market size is likely to register an appreciable growth rate over the forecast duration on account of the fact that the region boasts of the presence of a strong furniture and construction sector, increasing the demand for PUR, polyamide, and EVA based products.
Browse key industry insights spread across 310 pages with 52 market data tables and 40 figures & charts from the report, “Hot Melt Adhesives Market Size, Industry Analysis Report, By Products (Ethylene Vinyl Acetate (EVA), Styrenic Block Copolymer (SBC), Amorphous poly-alpha-olefin (AMOP), Metallocene Polyolefins (MPO), Polyurethane (PU), Polyamide (PA), Polyester), By Application (Packaging, Disposables, Pressure sensitive products, Book binding, Furniture, Footwear, Automobile, Textile, Electronics), Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, Russia, Poland, China, India, Japan, South Korea, Malaysia, Thailand, Australia, Brazil, Argentina, Saudi Arabia, UAE, South Africa, Tanzania, Kuwait), Application Potential, Price Trends, Competitive Market Share & Forecast, 2018 – 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/hot-melt-adhesives-market
Automakers are gradually shifting their preferences from solvent-based adhesives to hot melts adhesives for automotive assembly which helps in improving strength and durability of the vehicles without creating any additional weight.
Surge in the demand for lightweight vehicle design along with government standards to curb VOC emissions is likely to impel the product demand in the region. Report claims that Asia Pacific hot melt adhesives market is one of the fastest-growing sectors and will register substantial demand from automobile applications.
Rising demand for expanded plastics like polyamide, polyurethane, and EVA has been observed due to extensive use for manufacturing furniture, woodworking. These adhesives are known to provide favorable qualities for highly rigid joint bonds, applying aesthetic design and are useful for soft and post forming products, becoming a perfect choice for profile wrapping and architectural elements.
Several furniture companies and manufacturers are deliberately working towards the deployment of emerging technologies to create comfortable, functional, and attractive furniture products that blend into the modern lifestyle of a consumer.
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Hot melt adhesives market size from furniture applications may record growth of above 4% through 2024.
Key participants comprising the competitive landscape include companies such as Avery Dennison, Dow Chemical, 3M Company, Henkel, Bostik, Sika AG, and H.B. Fuller. Increasing application in the packaging, automotive, and construction industries will fuel the industry dynamics over the forecast period.
Rising disposable incomes and subsequent consumption of food and electronics products, along with advent of new production technology focused on smart and sustainable products is driving hot melt adhesives market demand for adhesives across various regions including North America, Europe, and Asia Pacific.
Partial Chapters from Table of Contents of the Report:
Chapter 3 Hot Melt Adhesives Market Insights
3.1 Industry segmentation
3.2 Industry size and forecast, 2013 - 2024
3.3 Industry ecosystem analysis
3.3.1 Vendor matrix
3.3.2 Distribution channel analysis
3.3.2.1 Collaboration/Partnership
3.3.2.2 Technology Provider/Licensing
3.3.2.3 Service Providers
3.3.2.4 Contract Manufacturing
3.4 Technology landscape
3.5 Pricing trends
3.5.1 Raw material supply trends
3.5.1.1 EVA
3.5.1.2 Polyurethane (PU)
3.5.1.3 SBC
3.5.1.4 Polyolefins
3.5.1.4.1Ethylene
3.5.1.4.2Propylene/polypropylene
3.5.2 Regional pricing
3.5.2.1 EVA Hot Melts
3.5.2.2 SBC Hot Melts
3.5.2.3 AMOP Hot Melts
3.5.2.4 Metallocene PO Hot Melts
3.5.2.5 PU Hot Melts
3.5.2.6 Polyamide Hot Melts
3.5.2.7 Polyester Hot Melts
3.5.3 Cost structure analysis
3.6 Regulatory landscape
3.6.1 U.S.
3.6.2 Europe
3.6.3 China
3.7 Industry impact forces
Browse Complete Table of Contents @ https://www.gminsights.com/toc/detail/hot-melt-adhesives-market
3.7.1 Hot Melt Adhesives Market Growth drivers
3.7.1.1 Intensifying product usage across various industries
3.7.1.2 Asia Pacific: Growing adhesives market demand
3.7.1.3 Low VOC content in adhesives
3.7.2 Industry pitfall & challenges
3.7.2.1 Rise in adoption of environment friendly alternative products
3.8 Innovation & sustainability
3.9 Polymer comparison
3.9.1 PUR and EVA
3.9.2 Metallocene and EVA
3.9.3 Polyolefin and polyamide
3.10 Technology comparison
3.10.1 Water based adhesives v/s Hotmelt adhesives
3.11 Growth potential analysis, 2017
3.11.1 Emerging business models
3.11.1.1 Collaboration/Joint ventures
3.11.1.2 Acquisitions
3.11.1.3 Product launch
3.12 Porter’s analysis
3.13 Company market share analysis, 2017
3.13.1 Strategy dashboard
3.14 PESTEL analysis
Chapter 4 Hot Melt Adhesives Market, By Product
4.1 Key product trends
4.2 Ethylene Vinyl Acetate (EVA)
4.2.1 Global EVA hot melt adhesives market estimates and forecasts, 2013-2024, (Kilo Tons) (USD Million)
4.2.2 Global EVA HMA market estimates and forecasts, by region, 2013-2024, (Kilo Tons) (USD Million)
4.3 Styrenic Block Copolymer (SBC)
4.3.1 Global SBC hot melt adhesives estimates and forecasts, 2013-2024, (Kilo Tons) (USD Million)
4.3.2 Global SBC HMA market estimates and forecasts, by region, 2013-2024, (Kilo Tons) (USD Million)
4.4 Amorphous poly-alpha-olefin (AMOP)
4.4.1 Global AMOP estimates and forecasts, 2013-2024, (Kilo Tons) (USD Million)
4.4.2 Global AMPO HMA market estimates and forecasts, by region, 2013-2024, (Kilo Tons) (USD Million)
4.5 Metallocene Polyolefins (MPO)
4.5.1 Global metallocene MPO hot melt adhesives market estimates and forecasts, 2013-2024, (Kilo Tons) (USD Million)
4.5.2 Global metallocene MPO market estimates and forecasts, by region, 2013-2024, (Kilo Tons) (USD Million)
4.6 Polyurethane (PU)
4.6.1 Global polyurethane hot melt adhesives market estimates and forecasts, 2013-2024, (Kilo Tons) (USD Million)
4.6.2 Global polyurethane market estimates and forecasts, by region, 2013-2024, (Kilo Tons) (USD Million)
4.7 Polyamide (PA)
4.7.1 Global polyamide market estimates and forecasts, 2013-2024, (Kilo Tons) (USD Million)
4.7.2 Global polyamide hot melt adhesives market estimates and forecasts, by region, 2013-2024, (Kilo Tons) (USD Million)
4.8 Polyester
4.8.1 Global polyester market estimates and forecasts, 2013-2024, (Kilo Tons) (USD Million)
4.8.2 Global polyester hot melt adhesives market estimates and forecasts, by region, 2013-2024, (Kilo Tons) (USD Million)
4.9 Others
4.9.1 Global other HMA market estimates and forecasts, 2013-2024, (Kilo Tons) (USD Million)
4.9.2 Global other hot melt adhesives market estimates and forecasts, by region, 2013-2024, (Kilo Tons) (USD Million)
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