Hot Melt Adhesives Market – New Era of Industry Size, Share, Demand & Global Forecast Period 2018-2023
Segmental Market Analysis:
The hot melt adhesives market segmentation is segmented into application, regions, and type.
Segmentation by Type: polyolefin hot melt adhesives and ethylene vinyl acetate
Segmentation by Applications: carton sealing, buildings & construction, food packaging, woodworking, general consumer packaging
Segmentation by Regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa
Top 10 Well-Known Key Players:
Some of the well-known players in the global hot melt adhesives market are Arkema (France), The 3M Company (U.S.A), Henkel AG & Co. KGaA (Germany), Huntsman International LLC. (U.S.A.), Dow Corning Corporation (U.S.A.), Sika AG (Switzerland), RPM International Inc. (U.S.A.), H.B. Fuller Company(U.S.A), The Dow Chemical Company( U.S.A.), among others
Get Access To This Report Here @ https://www.marketresearchfuture.com/reports/hot-melt-adhesives-market-4640
Regional Market Analysis:
The global hot melt adhesives market is segregated into five regions in the world namely Asia Pacific, North America, Europe, Latin America and the Middle East & Africa. Asia Pacific is predicted to grow at the highest CAGR during the forecast period due to its growing use in end-use industries such as construction, food packaging, and others. Countries such as Japan and India have witnessed a rapid development in the market owing to improving standard of living and rapid urbanization. The hot melt adhesives market has been driven by the rising manufacturers and investors to change their interest from solvent based to hot melt adhesives owing to their environmental compatibility.
Europe holds the major share in the global hot melt adhesives market owing to rising demand from automobile, defense, energy and other industries. Germany, the U.K. and Italy are the prominent players in this region owing to rapid development achieved in the production of hot melt adhesives. It is estimated that the ethylene vinyl acetate segment is set to grow at the highest CAGR owing to growing usage in end-use industries and several benefits over other adhesives such as anti-oxidant and strong mechanical resistance properties.
The global hot melt adhesives has witnessed a notable growth in the North American market owing to growing popularity of polyurethane adhesives. The U.S.A., Canada and Mexico are the important players in this region owing to rapid usage in packaging segment. It is estimated that the packaging segment is set to witness a higher CAGR during the forecast period owing to growing usage in various industries such as healthcare, food and beverages and others.
The Middle East & Africa is projected to witness a stunted growth in the hot melt adhesives market due to economic slowdown of crude oil prices and shrinking construction industry. In addition to this, the global hot melt adhesives market is set to witness a rapid growth in the polymer industry during the forecast period owing to growing usage of polyamide, polyurethane hot melt adhesives.
Access Full Market Related Information Here @ https://www.marketwatch.com/press-release/hot-melt-adhesives-market-growth-share-size-industry-analysis-regional-trends-overview---forecast-to-2023-2018-12-13
Hot Melt Adhesives Market Overview:
Hot Melt Adhesives, also known as hot glue are thermoplastic in nature. The Global Hot Melt Adhesives Market has been driven by the important factors and trends such as safe storage, ease of use, excellent moisture resistance and anti-oxidant characteristics. It is estimated that the Global Hot Melt Adhesive Market is set to witness a rapid growth due to its benefits and advantages over solvent based adhesives.
Hot Melt Adhesives are used for creating a strong molecular attraction between the materials. These adhesives are applied in their molten state and then solidify after cooling. Hot Melt Adhesives are known for their non-toxic and ecofriendly nature. They are of five types namely ethylene vinyl acetate, polyolefin, polyamide, polypropylene and polyurethane hot melt. Ethylene vinyl acetate Hot Melt Adhesives are light in color and widely used in the market due to their usage in several applications such as buildings & construction, food packaging and others.
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
+1 646 845 9312