Hot Melt Adhesives Market Scope
Hot Melt Adhesives are manufacturing strength adhesives which are firstly thermally melted and then are allowed to cool which helps in order to get their adhesive properties. These adhesives are primarily made up of a combination of one or more polymers and additives such as resins and pigments that deliver different characteristics to various adhesives. Hot melt adhesives are known for their polymer bases, which enables them to provide different types adhesives like ethylene vinyl acetate, polyamide, and polyurethanes for various kind of industries and applications, which indeed includes packing, product assembly, woodworking, and product labeling. The huge growth in the packaging industry is playing an eminent role in the growth of the hot melt adhesives market.
The market study is being classified by Type (Amorphous Polyalphaolefins (APAO), Polyolefins, Polyamides, Polyurethane (PU) and Others), by Application (Packaging Solutions, Nonwoven Hygiene Products, Furniture & Woodwork, Bookbinding and Others) and major geographies with country level break-up.
Research Analyst at AMA predicts that Global Vendors will contribute to the maximum growth of Global Hot Melt Adhesives market throughout the predicted period.
3M Company (United States), Arkema (France), Dow Corning (United States), H.B. Fuller (United States), Henkel AG & Company KGaA (Germany), Jowat SE (Germany), Beardow & Adams (Adhesives) Limited (United Kingdom), Sika AG (Switzerland), Huntsman (United States) and Illinois Tool Works (ITW) (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Avery Dennison Corporation (United States), Adhesive Direct (United Kingdom), Buhnen GmbH & Co. Kg (Germany), Daubert Chemical Company (United States), Evans Adhesive Corporation Ltd. (United States), Evonik Industries AG (Germany), Helmitin Adhesives (United States) and Klebchemie GmbH & Co. Kg (Germany).
AdvanceMarketAnalytics has segmented the market of Global Hot Melt Adhesives market by Type, Application and Region.
On the basis of geography, the market of Hot Melt Adhesives has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Packaging Solutions, the sub-segment i.e. Corrugated Boxes and Trays will boost the Hot Melt Adhesives market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Demand from the Paper, Board and Packaging Industry
- Adopting Bio-Based Adhesives In Order to Replace the Chemical-Based Ones
- Increasing Demand from the Automotive and Packaging Industries
- Increasing Replacement of Other Adhesive Technologies by Hmas
- High Demand for Hmas In Various DIY Applications
- Increasing Development of Bio-Based Hot Melt Adhesives in both Developed and Developing Countries
- Successful Packaging and Nonwoven Applications in Asia-Pacific
- Increasing Use of Hmas in Road Marking Application
- Issues Related to Lower Thermal Resistance
- Volatility in the Availability and Price of Raw Materials
- Difficulty in Usage on Hard-To-Bond Substances
Key Target AudienceHMA manufacturers, HMA traders, distributors, and suppliers, Raw material suppliers, Government and research organizations, Regulatory bodies and Associations and industry bodies
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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