Global Hot Melt Adhesives Market: Market Segments: By Product (Ethylene Vinyl Acetate, Styrenic Block Copolymer, Polyurethane, Polyamide, Amorphous Polyalphaolefins, Metallocene Polyolefins, Polyester); By Application (Packaging Products, Diapers, Furniture, Footwear, Textile, Automobile, Electronics, Bookbinding and Others); and Region – Analysis of Market Size, Share & Trends for 2014 – 2019 and Forecasts to 2030
Hot melt adhesives are in the form of a thermoplastic adhesive that is applied using a hot glue gun, also known as hot glue. In this class, the range of polymers is broad and includes both natural and synthetic ones. It is widely sold and can also be applied by spraying or dipping as solid cylindrical sticks of different diameters. It is also possible to add hot-melt adhesives by dipping or spraying.
Global Hot Melt Adhesives Market is expected to project a notable CAGR of XX.X% in 2030.
Global Hot Melt Adhesives Market to surpass USD XXXX million by 2030 from USD XXXX million in 2018 at a CAGR of XX% throughout the forecast period, i.e. 2019-30. In the non-woven, woodworking, and packaging industries, tremendous growth plays an important role in the growth of hot melt adhesives in the market. Growing hygiene knowledge for non-woven disposables is expected to deliver attractive growth opportunities during the projected period.
Global Hot Melt Adhesives Market: Segments
Ethylene Vinyl Acetate Segment to grow with the highest CAGR of XX.X% during 2019-30
Global Hot Melt Adhesives Market is segmented by product into ethylene vinyl acetate (EVA), Styrenic block copolymer (SBC), polyurethane (PU), polyamide (PA), amorphous polyalphaolefins (APAO), metallocene polyolefins (MPO), and polyester. The greater market share in 2019 was accounted for by EVA and is projected to attain the fastest growth. The EVA market is driven by its advantageous properties, such as faster setting time, durability, and wide temperature range suitability. The demand for EVA is expected to increase in the coming years with the rapid rise in the construction and automotive industries.
Global Hot Melt Adhesives Market: Market Dynamics
Increased spending power in emerging economies
Rising purchasing power of consumers in emerging economies is one of the major drivers found in the demand for hot melt adhesives. Countries like India, China and Indonesia have experienced rapid economic development, characterized by per capita growth and disposable income growth.
Fluctuating cost of raw materials
Prices of the raw materials used in adhesives are highly volatile in nature and, because of such volatility in the prices of raw materials, manufacturers need to minimize any negative impact on their profit margins.
Global Hot Melt Adhesives Market: Regions
Global Hot Melt Adhesives Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, APAC and MENA.
Global Hot Melt Adhesives Market in North America held the largest market share of XX.X% in 2019 and the trend is likely to continue during the forecast period. The growing demand for packaging and disposable hygiene products and the presence of several market players in the region can be attributed to this. As a result of the growing adoption of hot melt adhesives in the automotive, defence and other industrial sectors, Europe accounts for the second highest revenue share contribution in the global hot melt adhesives industry, led by markets in Asia Pacific, Latin America and the Middle East & Africa respectively. Moreover, due to factors such as increased demand from end-use industries for hot melt adhesives in emerging economies such as China and India, the Asia Pacific market is expected to see the highest growth in revenue.
Global Hot Melt Adhesives Market: Key Players
• Dow Inc
o Company Overview
o Business Strategy
o Key Product Offerings
o Financial Performance
o Key Performance Indicators
o Risk Analysis
o Recent Development
o Regional Presence
o SWOT Analysis
• 3M Co.
• Adtek Consolidated Sdn. Bhd.
• Arkema Group
• Beardow Adams
• Bond Tech Industries
• Bühnen GmbH & Co. KG
• Cherng Tay Technology Co., Ltd.
• Costchem S.r.l.
• Daubert Chemical Co.
Global Hot Melt Adhesives Market report also contains analysis on:
Global Hot Melt Adhesives Market:
• Packaging Products
• Hot Melt Adhesives Market Dynamics
• Hot Melt Adhesives Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints