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Hot Melt Adhesives Market to be Worth USD 7.5 Billion by 2019, Projects M&M

Published on 2015-05-06. Author : SpecialChem

The report, “Hot Melt Adhesives Market by Type (EVA, Styrenic Block Copolymers, Polyolefin, Polyurethane, Polyamide and Others), by Application (Packaging, Non-Woven, Pressure Sensitive, Construction, Bookbinding and Others) and by Region - Global Trends & Forecasts to 2019” defines and segments the hot melt adhesives market with analysis and forecast of the market size.

Hot melt adhesives market is projected to register a market size in terms of value of $7.5 Billion by 2019, signifying firm annualized growth of 6% between 2014 and 2019.

Asia-Pacific – The fastest growing market for hot melt adhesives

The hot melt adhesives market in Asia-Pacific is projected to register the fastest-growth mainly due to the presence of emerging economies such as China and India as well as emerging activities in the electronics, transportation, energy, and industrial sectors. Asia-Pacific is the second largest market for hot melt adhesives, and accounted for a share of around 30% of the global market share in terms of volume in 2013 which was majorly contributed by China. It is also estimated that India is the fastest-growing market for hot melt adhesives in the region owing to growing population, vast economies developed as well as developing, favorable investment policies, and government initiatives to promote industrial growth.

Polyolefin – The fastest-growing product segment of hot melt adhesives

The polyolefins are the fastest growing product of hot melt adhesives. North America and Europe are currently the largest consumers of polyolefins, and together accounted for a share of more than 60% of the total polyolefin market size in 2013. The major type of polyolefins used in HMA is Amorphous Poly Alpha Olefin (APAO). APAO hot melt adhesives offer good resistance to acid and solvents with better cost effectiveness than EVA based HMA. In recent years, polyolefin HMA are manufactured in the presence of metallocene as a catalyst. These metallocene based polyolefins have shown a good performance in the packaging industry.

Packaging industry – The largest application segment for hot melt adhesives


The packaging industry is one of the largest end-user industries of hot melt adhesives and this trend is projected to continue in the near future. North America is the biggest market for packaging industry, and accounted for a share of more than 40% of the total market size in 2013. It is also estimated that U.S. followed by Canada and Mexico are the fast-growing markets of hot melt adhesives for packaging industry in the region.

The U.S. and China are at forefront of hot melt adhesives consumption, while Germany, France, Japan, India, and U.K. are other key markets for hot melt adhesives consumption. China is the key market in Asia-Pacific, consuming more than 40% of the demand for the hot melt adhesives, followed by Japan, and India where consumption is growing at a fast rate. Increase in the consumption of hot melt adhesives for packaging, non-woven/ disposables, pressure sensitive applications have been observed in Asia-Pacific due to continued industrialization and rise in the manufacturing sector of the region.

About MarketsandMarkets

MarketsandMarkets is one of the annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. It specializes in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

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Source: MarketsandMarkets
 


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