Amorphous poly alpha olefins (APAOs) are manufactured by polymerization of alpha-olefins. They are rigorously used in the production of hot melt adhesive.

The key players operating in the market include Henkel AG & Company, Evonik Industries, Arkema, Eastman Chemical Company, Huntsman Corporation, H.B. Fuller, REXtac, Liaoyang Liaohua Qida Chemicals Co., Ltd., and Evans Adhesive Corporation Ltd. Other players in the value chain analysis (and not included in the report) include Guangdong Orient Resin Co. Ltd. and Glue Machinery Corporation.

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Amorphous Poly Alpha Olefin Market Growth:

The growth of the global APAO market is driven by its increasing demand from end-use industries, such as pharmaceutical and automotive. In addition, rise in demand and awareness for personal hygiene products such as feminine hygiene, diapers, and others in developing and underdeveloped countries is expected to drive the growth of the global APAO market. APAO is widely used in the production of hot melt adhesive used in the packaging industry, thus the growing trend of packaged food products delivery is expected to increase the demand for APAO. This factor is expected to drive the growth of the APAO market globally in near future.

However, fluctuating cost of raw materials is expected to hamper the growth of the APAO market. As APAO can bond with different substrates such as delicate papers, complex plastics, metal, and wood and it is expected that their application will expand in coming years, which is anticipated to provide lucrative opportunities for the growth of the APAO market.

Amorphous Poly Alpha Olefin Market Segments:

The APAO market is segmented based on type, application, and region. On the basis of type, the market is bifurcated into copolymers and homopolymers. On the basis of application, the market is segmented into woodworking, product assembly, personal hygiene, bookbinding, and paper packaging. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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Porters five forces analysis helps analyze the potential of buyers and suppliers and the competitive scenario of the industry for strategy building. The report outlines the current trends and future scenario of the amorphous poly alpha olefin (APAO) market from 2017 to 2025 to understand the prevailing opportunities and potential investment pockets. An in-depth analysis of the current R&D within the market is provided along with the key dynamic factors. The key drivers, restrains, and opportunities and their detailed impact analysis are elucidated in the study. The profiles of the key players along with their key strategic developments are enlisted in the report.