Skip to main content

GLOBAL HOT MELT ADHESIVES MARKET TO REACH US$ 8.6 BN BY 2026

 

In terms of revenue, the global hot melt adhesives market is projected to expand at a CAGR of 8.7% from 2018 to 2026, according to a new research report titled ‘Hot Melt Adhesives Market – Global Industry Analysis, Value, Share, Growth, Trends, and Forecast, 2018–2026’ published by Transparency Market Research (TMR) In terms of value, the global hot melt adhesives market is expected to reach US$ 8642.2 Mn by 2026. The market is driven by the rise in demand for hot melt adhesives in packaging and non-woven/ hygiene products. The hot melt adhesives market in Asia Pacific is estimated to expand at a CAGR of 9.2% during the forecast period, owing to the rapid increase in demand for packaging in food and e-commerce sectors in the region. Based on product, the ethylene vinyl acetate segment held major share of the global hot melt adhesives market in 2017. However, the polyurethanes segment is expected to expand significantly from 2018 to 2026. 

Rise in Demand for Ethylene Vinyl Acetate and Polyurethanes to Boost Market 

Based on product, the ethylene vinyl acetate segment accounted for major share of the hot melt adhesives market in terms of value and volume in 2017. This can be ascribed to the low prices of ethylene vinyl acetate hot melt adhesives and ease of manufacture. These hot melt adhesives possess better performance properties in terms of crack resistance, resilience, toughness, UV resistance, and light stability. This enables packaging manufacturing lines to maintain high speed owing to short open and setting times of ethylene vinyl acetate hot melt adhesives. Thus, the cost-effectiveness of ethylene vinyl acetate is projected to drive the hot melt adhesives market during the forecast period. Polyurethanes are employed in a wide range of applications due to their excellent performance properties such as high bond strength than water-based and other types of hot melt adhesives. The growth of the polyurethanes segment is driven by the rise in demand for these adhesives in construction, furniture and product assembly applications. 

Request PDF brochure

https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=60933

Technical Limitations in High Temperature Applications and Presence of Potential Substitutes to Restrain Market

Hot melt adhesives are thermoplastic compounds. Thus, they melt flow or creep when exposed to surrounding temperature that is near to their flow point. Technical limitations of hot melt adhesives such as smaller temperature range to which they can be exposed than water-based and solvent-based adhesives are anticipated to hamper the market in the near future. 

More Trending Reports

https://www.prnewswire.com/news-releases/stringent-environment-protection-mandates-paves-way-for-growth-in-environment-testing-services-market-market-projected-to-rise-at-stellar-6-5-cagr-from-2020--2030-tmr-301243218.html

Tank-free Hot Melt System Offers Key Opportunities

Traditional hot melt system has limitations in the structure of tanks. Substantial amount of time is required for heating the material in the tank. Furthermore, it generates adhesive char. Operators are also exposed to hot adhesives. Tank free systems can employ vacuum feed to draw adhesive pellets into specially designed heating chambers. Pellets are melt-on-demand and dispense quickly without overheating. The elimination of heated tanks significantly improves the performance of hot melt equipment. Tank-free hot melt system is estimated to be an efficient and high performance adhesion system that can drive the hot melt adhesives market in the near future. 

Buy Now

https://www.transparencymarketresearch.com/checkout.php?rep_id=60933&ltype=S

Asia Pacific Accounts for Major Share in Terms of Volume and Value

Asia Pacific was the major region of the global hot melt adhesives market, accounting for more than 40% share in terms of volume and value in 2017. Growth in industrialization is fueling the demand for hot melt adhesives in various end-use industries, such as packaging, electronics, construction, and automotive, in the emerging economies of Asia Pacific. China is a key exporter of hot melt adhesives in the global market. The country has experienced exponential growth in e-commerce since the last two years. This has boosted the demand for packaging, thereby fueling the demand for hot melt adhesives in packaging applications. Furthermore, advancements in the health care industry and improvements in lifestyle in emerging economies such as China and India are likely to augment the demand for hot melt adhesives in non-woven/hygiene products. Rise in infrastructure activities, increase in focus on trade activities, and growth in awareness about hygiene products are anticipated to propel the demand for hot melt adhesives in India during the forecast period.

Global Hot Melt Adhesives Market is Primarily Consolidated  

The report comprises profiles of major companies operating in the global hot melt adhesives market. Around 70% of the global hot melt adhesives market is consolidated, while the rest is fragmented with the presence of a few small players. Key players include H.B. Fuller Company, Henkel AG & Company KGaA, Arkema, 3M, Sika AG, Jowat SE, TEX YEAR INDUSTRIES INC., Hexcel Corporation, Dowdupont, Beardow Adams, HEARTLAND ADHESIVES LLC, REXtac, LLC, Toyobo Co., Ltd, Akzo Nobel N.V., and Exxon Mobil Corporation. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments. The report also comprises a matrix of comparison between the top four players operating in the global hot melt adhesives market along with analysis of their key strengths for 2017. 

 

Request Discount

https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=60933

Labels:

Comments

Post a Comment

Popular posts from this blog

Tunnel Boring Machine Market: Applications, Revenue, Growth and Trends

  Tunnel boring machines are gigantic special-purpose machines, particularly used in building tunnels for roads, railways, and pipelines. These machines are long with circular cross-sections and help in boring round holes through any rock. Tunnel boring machines are intricate assemblies of several systems working in conjunction with each other. Diameter of tunnel boring machines ranges from 1 meter to 20 meters. These machines can cut clean through rocks, sometimes along with creating concrete shields around the bored tunnels. The tunnel boring machine market is largely driven by the increase in spending on road and railway infrastructure. Countries such as China, Japan, Italy, South Korea, Norway, and Germany have vast tunnel networks. The key reason is to connect major cities within the country, sometimes even international, with minimum commute time. This largely optimizes the transportation costs and connects cities to boost commerce. The other method for building tunnels is...
Post a Comment
Read more

GLOBAL WOOD COATINGS MARKET TO TOUCH VALUATION OF US$17.595 BN BY 2025 END

  The  global wood coatings market  features a highly competitive landscape owing to the presence of a plethora of companies competing against one another, notes Transparency Market Research (TMR). Top players in the wood coatings market increasingly resort to forward integration strategies to gain substantial competitive benefits, which may help them to retain their stronghold over the assessment period. Several players are also focusing on product differentiations to attract more consumers and consolidate their positions in various regions. This is especially the trend among small- and medium-scale manufacturers who find this a key strategy to gain a foothold in the wood coatings market. TMR finds that the wood coatings market is also fairly consolidated as the top four players held a combined share of nearly 60.0% in 2016. These companies are RPM International Inc., Akzo Novel N.V., PPG Industries Inc., and The Sherwin Williams Company. Of these, The Sherwin Willia...
Post a Comment
Read more

ANTHOCYANIN CONSUMPTION LEVELS TO TAKE OFF IN DEVELOPING REGIONAL MARKET

  TMR projects the  global anthocyanin market  to reach US$ 735.9 Mn by 2026. Over this period of 2018-2026, the anthocyanin market is forecast to report a CAGR of 4.6%. Among the key end use segments, the food and beverages industry is likely to lead the market in 2018. The trend is likely to remain unchanged throughout the course of the forecast period. Regionally, the North America anthocyanin market held the leading share in the global market in 2018. The global anthocyanin market exhibits the presence of several large companies. Besides this, domestic players enjoy a stronghold in regional pockets, which has rendered the market highly competitive. According to a new study by Transparency Market Research (TMR), Archer Daniels Midlands Co., Sensient Technologies Corp, Symrise A.G., and CHR Hansen A/S held nearly 50% of the global anthocyanin market in 2018, thereby registering their dominance. To sustain growth amidst the prevailing competition, the leading players...
Post a Comment
Read more