Hot Melt Adhesives Market Report 2018 to 2023: Opportunities, Forecast, Size, Segmentation, and Competitive Analysis


Posted September 21, 2018 by harishsomani321

Hot Melt Adhesives Market expected to grow substantially at a healthy CAGR through 2018 to 2023, Global Hot Melt Adhesives Market report is segmented by types, applications, and region

 
Market Highlights:
Hot Melt Adhesives are used for creating a strong molecular attraction between the materials. And it is also known as hot glue are thermoplastic in nature. 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.
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.
Intended Audience:
• Hot Melt Adhesive Manufacturers
• Traders and Distributors of Hot Melt Adhesives
• Production Process Industries
• Potential Investors
• Raw Material Suppliers
• Nationalized Laboratory
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Industry Trends:
The market has multiple significant players owing to which it experiences continuous development in the product and by offering new variants, brands try to stay afloat. For instance, the U.S. based packaging solution providers Pack size has recently launched a hot melt adhesive designed to remove stickiness from the product.
Market Segmentation:
The Global Hot Melt Adhesives Market is classified into type, and application.
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.
By Applications segment is further segmented into food packaging, buildings & construction, wood working, carton sealing, general consumer packaging, and others.
Regional Outlook:
The Global Hot Melt Adhesives is spanned across five major regions in the world namely Asia Pacific, North America, Europe, Latin America and the Middle East & Africa.
Among these, Asia Pacific is the major shareholder of this market owing to growing use in heavy end industries such as construction, packaging and others.
The hot melt adhesives has observed a stunning development in the North American region due to growing popularity of polyurethane adhesives.
The European region is set to witness a rapid growth in the market owing to technological advancements and rising use in automotive, defense and other industrial sectors.
Global Key Competitors:
The top players available in the Global Hot Melt Adhesives Market are, 3M Company (U.S.A.), The 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.).
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https://www.marketresearchfuture.com/reports/hot-melt-adhesives-market-4640
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Last Updated September 21, 2018