Hot Melt Adhesives Market size to cross $9.5 bn by 2024

Hot Melt Adhesives Market is set to surpass USD 9.5 billion by 2024; according to a new research report by Global Market Insights, Inc.
 

Rising product demand from electronics, healthcare, and automotive industries owing to rising consumer inclination for high quality products may trigger hot melt adhesives market share. These materials are widely used in manufacturing insulation panels, touchpads, nameplates, and insulation panels owing to their high heat resistance. Booming paper, board & packaging industry should further encourage product demand on account of rising demand for attractive cases for perfumes, cosmetics, and pharmaceutical products.

 

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They have wide application scope in woodworking, automobile and paper industries due to beneficial characteristics such as durability, intact adhesion, versatility, and dependability. These adhesives are specially developed to adhere to paper stock, aqueous coating, paper and waxes thereby promoting their use in packaging industry for labelling, carton sealing, plastic film, and card stock boxes. Shift in consumer preference towards well packed products along with supporting FDA regulations regarding direct or indirect food contact should promote product demand. Rise in awareness regarding the harmful effects of high VOC content mainly in Asia Pacific region may foster product demand in automotive sector.
 

Hot Melt Adhesives Market

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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
 

U.S. hot melt adhesives market demand from pressure sensitive products surpassed USD 145 million in 2017. Changing consumer outlook towards online shopping trends has led to increase in high quality tapes, labels, and sealing products thereby stimulating regional growth. Rising consumer awareness of food safety standards and supporting FDA regulations has increased product demand. Moreover, increasing demand for fuel efficient and light weight automobiles along with positive outlook towards high performance electronics may encourage market growth.
 

UK hot melt adhesives demand from packaging may witness significant gains at over 4.5% during the forecast period. Changing consumer perception towards harmful emissions along with rapid technological advancements should trigger market demand. Rise in construction & renovation trends owing to rapid infrastructural development and liberalization initiatives is likely to favor regional growth. Shift in consumer preference towards bio-based packaging solution and changing perception towards high quality food packaging materials may foster market share.
 

India hot melt adhesives market share from footwear surpassed USD 7.5 million in 2017. Strong government spending along with technological innovations should drive adhesives market. Changing consumer outlook and increasing focusing towards diverse & environment-friendly products may trigger market growth. Technological advancements and new product innovations has led to rise in various industries such as packaging, construction, automotive, medical, and footwear which may encourage product demand.
 

Huntsman Corporation, American Chemical, Beardow & Adams, 3M Company, Tex Year Industries, Sipol spa Società Italiana Polimeri, Sealock, and Hexcel Corporation are the key participants. Companies are focusing to expand their business by investing in advanced manufacturing techniques to diversify product portfolio and widen geographical presence.
 

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Hot Melt Adhesives research report includes in-depth coverage of the industry, with estimates & forecast in terms of volume in Kilo Tons and revenue in USD from 2014 to 2024, for the following segments:

Hot Melt Adhesives Market, By Products

  • Ethylene Vinyl Acetate (EVA)
  • Styrenic Block Copolymer (SBC)
  • Amorphous poly-alpha-olefin (AMOP)
  • Metallocene Polyolefins (MPO)
  • Polyurethane (PU)
  • Polyamide (PA)
  • Polyester

Hot Melt Adhesives Market, By Application

  • Packaging
  • Disposable
  • Pressure Sensitive Products
  • Book Binding
  • Furniture
  • Footwear
  • Automotive
  • Textile
  • Electronics

The above information is provided on a regional and country basis for the following:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
    • Poland
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Malaysia
    • Thailand
    • Australia
  • LATAM
    • Brazil
    • Argentina
  • MEA
    • Saudi Arabia
    • UAE
    • South Africa
    • Tanzania
    • Kuwait

                

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