Global hot melt adhesives market is projected to reach $10,259.7 million by 2023, the market growth is mainly driven by the fast growing automotive and packaging industries.the hot melt adhesives market is categorized into ethylene vinyl acetate (EVA), styrenic block copolymer (SBC), polyurethane (PU), polyamide (PA), amorphous polyalphaolefins (APAO), metallocene polyolefins (MPO), polyester, and others. Of these, the volume sales of PU are expected witness the highest growth, with 5.9% CAGR during the forecast period, driven by high demand for hot melt adhesives from the automobile industry along with the growing construction activities worldwide.
Request to get the report sample pages at : https://www.psmarketresearch.com/market-analysis/hot-melt-adhesives-market/report-sample
Asia-Pacific (APAC) is the fastest growing hot melt adhesives market. The market revenue in the region is expected to witness a CAGR of 6.7% during the forecast period. This is attributed to the increasing need of high-performance materials across various applications and industries such as automotive and electronics, in the region.
The growing environmental concerns in the region are pushing the manufacturers to use eco-friendly products to deal with such issues. Hot melt adhesives can be easily disposed without special instructions or hazardous environmental effects. As hot melt adhesives provide eco-friendliness as well as long shelf life, it is gaining popularity in the region day by day, resulting in the hot melt adhesives market growth.
Hot melt adhesives are considered ideal for various applications due to their superior properties of high speed manufacturing, large gap filling, bonding versatility, fast green strength (tensile strength), and minimal shrinkage. Along with that, they are very easy to store and do not require any special environment control and can also be applied in high humidity environments. All these factors are contributing to the growth of the APAC hot melt adhesives market.
Explore Full Report With TOC: https://www.psmarketresearch.com/market-analysis/hot-melt-adhesives-market
Due to the rising environmental concerns, companies are developing bio-based adhesives to replace the chemical-based ones. In order to enhance the sustainability efforts without compromising performance, companies are developing these bio-based hot melts. For example, DowDuPont Inc. has developed a new hot melt adhesive, MOR-AD, which offers benefits including improved water resistance, high flexibility, and good adhesion on a variety of substrates.
Some of the major players operating in the global hot melt adhesives market are Henkel & Co. KGaA, Jowat SE, Sika AG, 3M Company, Bostik Inc., Avery Dennison Corporation, H.B. Fuller Company, Arkema Group, Westlake Chemical Corporation, Beardow & Adams (Adhesives) Limited., and DowDuPont Inc.
Source : P&S Intelligence
Asia-Pacific (APAC) is the fastest growing hot melt adhesives market. The market revenue in the region is expected to witness a CAGR of 6.7% during the forecast period. This is attributed to the increasing need of high-performance materials across various applications and industries such as automotive and electronics, in the region.
The growing environmental concerns in the region are pushing the manufacturers to use eco-friendly products to deal with such issues. Hot melt adhesives can be easily disposed without special instructions or hazardous environmental effects. As hot melt adhesives provide eco-friendliness as well as long shelf life, it is gaining popularity in the region day by day, resulting in the hot melt adhesives market growth.
Hot melt adhesives are considered ideal for various applications due to their superior properties of high speed manufacturing, large gap filling, bonding versatility, fast green strength (tensile strength), and minimal shrinkage. Along with that, they are very easy to store and do not require any special environment control and can also be applied in high humidity environments. All these factors are contributing to the growth of the APAC hot melt adhesives market.
Explore Full Report With TOC: https://www.psmarketresearch.com/market-analysis/hot-melt-adhesives-market
Due to the rising environmental concerns, companies are developing bio-based adhesives to replace the chemical-based ones. In order to enhance the sustainability efforts without compromising performance, companies are developing these bio-based hot melts. For example, DowDuPont Inc. has developed a new hot melt adhesive, MOR-AD, which offers benefits including improved water resistance, high flexibility, and good adhesion on a variety of substrates.
Some of the major players operating in the global hot melt adhesives market are Henkel & Co. KGaA, Jowat SE, Sika AG, 3M Company, Bostik Inc., Avery Dennison Corporation, H.B. Fuller Company, Arkema Group, Westlake Chemical Corporation, Beardow & Adams (Adhesives) Limited., and DowDuPont Inc.
Source : P&S Intelligence
Great post. Thank you sharing this insightful article to us.
ReplyDelete3M Scotch-Weld Rubber and Gasket Adhesive EC-1300L