Due to presence of a number of small- and
medium-sized chemical and material companies, the global hot melt
adhesives market is demonstrating a fragmented competitive landscape,
states a new study by Transparency Market research (TMR). In 2015,
the top six players, namely, Henkel, H.B. Fuller, 3M Co., DOW Corning
Corp., Jowat SE, and Sika AG, jointly held a share of nearly 75% in
the overall market. The leading companies are aggressively focusing
on using exports as a tool for geographical expansion in
well-established as well as emerging markets, which is anticipated to
result in a heightened rivalry between them, notes the research
study.
According to the research report, the worldwide
market for hot melt adhesives, which was worth US$6.00 bn in 2015, is
expected to rise at a CAGR of 5.20% over the period from 2016 to 2024
and reach US$9.44 bn by the end of the forecast period. Currently,
ethylene vinyl acetate (EVA)-based hot melt adhesives are witnessing
a higher demand than other products available in this market. Thanks
to the low price of EVA-based adhesives, their demand is anticipated
to remain high over the period of the forecast.
This 185 page report gives readers a comprehensive
overview of the Hot Melt Adhesives market. Browse through 35 data
tables and 65 figures to unlock the hidden opportunities in this
market@
Packaging Industry to Surface as Leading End User
of Hot Melt Adhesives
The report has considered packaging, construction,
non-woven, book binding and paper binding, furniture, footwear, and
the electronics industries as the prime end users of hot melt
adhesives. Among these, the packaging industry emerged as the leading
consumer for these adhesives in 2015 with a demand share of 31%.
Analysts expect the scenario to remain so over the forthcoming years,
thanks to the significant growth of the packaging industry,
worldwide.
Regionally, the research study has classified the
worldwide market for hot melt adhesives into Latin America, the
Middle East and Africa, North America, Europe, and Asia Pacific.
Europe dominated the global market in 2015 with a share of more than
33%. The region is anticipated to maintain its dominance on this
market over the forecast period. However, Asia Pacific will surface
as the most promising regional market for hot melt adhesives in the
years to come.
The rise in construction activities and the
increasing demand for high-quality packaging of food and beverages,
consumer goods, and various other products are projected to propel
the Asia Pacific market for hot melt adhesives in the near future,
reports the study.
Expansion in Construction and Packaging Sectors to
Boost Market’s Growth
“The substantial rise in the construction and the
packaging industries has a major influence on the global market for
hot melt adhesives,” states the author of this report. These
adhesives have found a widespread usage in converters and packaging
applications, which is reflecting greatly on their sales. Apart from
this, the increasing number of new construction projects is also
having a positive impact on the demand for these adhesives across the
world. These factors are expected to continue boosting this market
substantially over the forecast period.
Get accurate market forecast and analysis on the
Hot Melt Adhesives market. Request a sample to stay abreast on the
key trends impacting this market@
On the flip side, the volatile scenario of crude oil
prices and easy availability of alternatives in the global market may
restrict this market from growing smoothly over the next few years,
states the research study.
The study presented here is based on a report by
Transparency Market Research (TMR), titled “Hot Melt Adhesives
Market (Product Type - Ethylene Vinyl Acetate, Polyolefin (APAO and
Metallocene based POE), Polyamide, Polyurethane, and Styrene Block
Copolymers; End User (Packaging, Construction, Non-woven, Book
Binding and Paper Binding, Furniture, Footwear, and Electronics) -
Global Industry Analysis, Size, Share, Growth, Trends, and Forecast
2016 - 2024.”
The global hot melt adhesive market has been
segmented as follows:
By Product Type
- Ethylene Vinyl Acetate
- Polyolefins
- APAO
- Metallocene based POE
- Polyamide
- Polyurethanes
- Styrene Block Copolymer
- Others
By End User
- Packaging
- Construction
- Non-woven
- Book Binding & Paper Binding
- Furniture
- Footwear
- Electronics
- Others
About
Us
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company’s exclusive blend of quantitative forecasting and trend
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Transparency Market Research employs rigorous primary and secondary
research techniques to develop distinctive data sets and research
material for business reports.
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