PUNE, India, January 20, 2016 /PRNewswire/ --
The report "Hot Melt Adhesives Market by Product Type (EVA, SBC, APAO & POE, PU), by Application (Packaging, Non-Woven/Disposables, Pressure Sensitive Applications & Construction), by Region (North America, Europe, Asia-Pacific, & Row) - Global Trends & Forecast to 2020", published by MarketsandMarkets, The global market size, in terms of value, is projected to reach USD 9.64 Billion by 2020, at a CAGR of 5.73% between 2015 and 2020.
Browse 128 market data Tables and 61 Figures spread through 187 Pages and in-depth TOC on "Hot Melt Adhesives Market"
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The market size of hot melt adhesives is projected to reach USD 9.64 Billion by 2020. This growth is fueled by the growing technological dominance, increasing demand for application areas such as packaging, non-woven/disposables, pressure sensitive applications, construction & furniture, rising development strategies, and increasing expansion and acquisition activities.
Polyurethane: The fastest-growing product type in the hot melt adhesives market
Polyurethane adhesives are based on polymers that contain urethane linkages in the molecular backbone, regardless of the chemical composition of the rest of the chain. The major drivers of the polyurethane market are that the product is suitable for outdoor projects and it has good UV resistance. Polyurethane can set in a wide range of temperatures and has the ability to set in high moisture conditions. Asia-Pacific is the largest market for polyurethane, as it is the largest producer and exporter of polyurethane, owing to availability of cheap labor, raw materials, and support from the local government.
Packaging: The largest market for hot melt adhesives
The packaging industry is the biggest market of hot melt adhesives and accounted for the major share of the market, in terms of value, in 2014. Hot melt adhesives are widely used for packaging applications globally due to its low cost and better performance. The market for hot melt adhesives in the packaging industry is driven by factors such as high heat resistance of HMAs, and also its formulation that can withstand temperatures as low as -40 °C and humid environments. Hot melt adhesives are cost-effective and when used with hot melt systems they can run continuously rather than having to stop and to refill as in case of tape rolls.
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Asia-Pacific: The largest market for hot melt adhesives
Asia-Pacific is the largest market for hot melt adhesives with major developments witnessed in China, Japan, India, and South Korea. The region is projected to be the fastest-growing market for hot melt adhesives market. This high growth is attributed to expansion of production capacity, competitive manufacturing costs, and others. This region is witnessing substantial growth because of rising investments in infrastructure development and construction projects.
Major players such as The 3M Company (U.S.), Ashland Inc. (U.S.), Bostik S.A. (France), Dow Corning (U.S.), H.B. Fuller Company (U.S.), Henkel AG & Company (Germany), Jowat AG (Germany), Sika AG (Switzerland), and Toyobo Co., Ltd. (Japan), and others have adopted development strategies such as expansions, acquisitions, and product developments to achieve growth in the global Hot Melt Adhesives Market.
This report covers the market, by value and volume, for hot melt adhesives and forecasts the market size till 2020. It includes the market segmentation by product type, application industry, and region. It also provides company profiles and competitive strategies adopted by the major market players in the global hot melt adhesives market.
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