TAGS: Reactive Adhesives Hot-melt Adhesives Polyurethane Adhesives
Markets and Markets (M&M) has anticipated that the global reactive hot-melt adhesives market to grow from USD 1.2 Billion in 2020 to USD 1.8 Billion by 2025, at a CAGR of 8.3 percent, during the forecast period. The reactive hot-melt adhesives are largely used in the automotive and transportation, furniture and upholstery, lamination, doors and windows, and textile applications. Get Inspired: Hot Melt Adhesives: Basics, Ingredient Selection & Formulation Tips.
PU Adhesives - Largest Segment of Reactive HMA Market
Liquid
reactive hot-melt adhesives are preferred by the major manufacturers owing to low cost, high impact resistance, extraordinary elasticity, high-strength adhesive bond and adherence to variety of substrates. Ceramics, metal, derived timber products, metals, mineral fibers, synthetic resin, cemented materials, rigid foams, and recycled materials being the examples of some substrates.
Automotive and transportation is the fastest-growing segment of the overall reactive hot-melt adhesives market. Reactive hot-melt adhesives are used extensively in the automotive industry for developing lightweight designs, improving performance, and fabricating structure by using carbon fiber composites, glass fiber-reinforced composites, aluminum, and other multi-materials.
Highest Growth in APAC Region
North America is the leading market for reactive hot-melt adhesives. The North American market for reactive hot-melt adhesives is growing at a moderate rate, with the maturity of the automotive, woodworking, and construction sectors.
The North American automotive industry has been through an economic downturn. However, the decrease in unemployment rates and the increase in per capita income have increased the overall demand for automobiles in the region.
Range of Hot-melt Adhesives
Source: Markets and Markets