Market Synopsis:
As per our market analysis, the Global Hot Melt Adhesives Market is segmented into type and application. On the basis of type, the market is classified into ethylene vinyl acetate and polyolefin hot melts. Among these, Ethylene Vinyl Acetate Hot Melt Segment holds a major share in the market on account of their growing use in food packaging, construction and electronics. Owing to their eco-friendly and reliable nature, ethylene vinyl acetate segment is expected to continue remain the strongest market share holder in coming years. Moreover, Hot Melt Adhesives holds an edge over water based adhesives due to high mechanical resistance and excellent paraffin solubility.
Hot Melt Adhesives are made up of solvent free compounds which are used to develop a strong and flexible bond between the materials. They are found as solids at room temperature and are thermoplastic in nature. These adhesives are first melt, cooled and then applied on the surface to give the perfect finish. Hot Melt Adhesives also provide good thermal stability and resistance, environmental compatibility, as well as efficient, and safe storage. Owing to these benefits, they are used in various applications such as food packaging, building & construction, wood working, carton-sealing, and others.

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Regional Analysis:
The Global Hot Melt Adhesives Market is segregated into five key regions namely Asia Pacific, North America, Europe, Latin America and the Middle East & Africa. During the forecast period, The Global Hot Melt Adhesives Market has witnessed an enormous growth in the North American countries such as the U.S.A., Canada and Mexico due to rising demand in the packaging segment. The food packaging segment has been leading the market in this region and is anticipated to continue its dominance during the forecast period, 2017-2023. The Middle East & Africa has witnessed a stunted growth in the market due to economic slowdown of crude oil prices. Countries such as Brazil, Uruguay and Argentina in the Latin American region are estimated to witness a rapid growth in the Hot Melt Adhesives market due to rapid production and manufacturing of polyurethane units in heavy end industries.

Top Competitors:
Some of the prominent players in the Global Hot Melt Adhesives Market: 3M Company (U.S.A), Dow Chemical Company( U.S.A.), Arkema (France), 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), among others.

Market Categorization:
The Global Hot Melt Adhesives Market is classified into type and application. On the basis of market type, it is further segregated into ethylene vinyl acetate and polyolefin Hot Melt Adhesives. It has been observed that Hot Melt adhesives have already substituted water based adhesives due to its eco-friendly nature and antioxidant characteristics. Applications segment is further segmented into food packaging, buildings & construction, wood working, carton sealing, general consumer packaging, and others.

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