According to the latest market report
published by Future Market Insights (FMI) titled “Hot Melt
Adhesives Market: Global Industry Analysis and Opportunity Assessment
2015-2025”, the hot
melt adhesives market is expected to be valued at US$ 5.4 Bn in
2015 and expand at a CAGR of 5.2% from 2015 to 2025, accounting for
US$ 8.9 Bn by 2025.
A hot melt adhesive is a thermoplastic
glue that is thermally melted on application and attains adhesion
strength upon cooling. Hot melt adhesives consist of one or more
polymers as well as additives such as stabilizers, pigments and
resins, which are carefully blended to exhibit different
characteristics from base polymers. Hot melt adhesives are named
after polymer bases. Various types of hot melt adhesives include
ethylene vinyl acetate, polyolefin, polyamide, styrenic block
copolymers, polyester, etc. Hot melt adhesives are used in several
industries including packaging, non-woven, automotive, product
assembly, textiles, tapes and labels, woodworking, paper bonding,
electronics and many more.
Hot melt adhesives are 100% solid
thermoplastic materials without any volatile organic compounds, which
makes them safe for use in production, transportation, application
and storage. They are also environment friendly and safe for use by
humans. Properties such as higher setting speeds and heat resistance
and easy disposal gives hot melt adhesives a competitive advantage
over water and solvent based adhesives, and is a major factor driving
market growth. The setting speed of hot melt adhesives range between
5 and 30 seconds, enabling speedier production lines as compared to
conventional adhesives. In addition, technological advancements in
polymer bases are expected to further drive this market. Development
of hydrophilic and polyamide hot melt adhesives is also gaining
attention in developed countries, thereby driving growth of the hot
melt adhesives market.
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On the basis of polymer base, the hot
melt adhesives market has been segmented into ethylene vinyl acetate,
polyolefin, polyamide, styrenic block copolymers and others. The
ethylene vinyl acetate segment is anticipated to account for a major
share in the hot melt adhesives market by 2025. The polyolefin
segment accounts for the highest market share across the globe and is
expected to witness the highest CAGR of 6.4% in terms of value,
during the forecast period (2015-2025). The styrenic block copolymers
and ethylene vinyl acetate based hot melt adhesives are anticipated
to grow at a steady rate during the forecast period.
On the basis of application, the hot melt
adhesives market is segmented into packaging, automotive,
construction, healthcare products and others. Others include textile,
electronics, paper bonding and footwear. The packaging segment is
expected to dominate the market with over 35% share in the global
market. Consumption of hot melt adhesives in healthcare products is
expected to increase rapidly in the near future. Application in
healthcare products is expected to witness a CAGR of 5.4% during the
forecast period. Increasing awareness pertaining to hygiene coupled
with technological advancements in polymer bases, especially for
hygiene, is expected to boost demand for hot melt adhesives during
the forecast period.
The report provides detailed information
about various trends driving each segment and offers insights and
analysis about market trends in specific regions. The report also
includes an overview of the parent market and key regulations
regarding the application of these adhesives. On the basis of region,
the market is segmented into seven regions. North America is
expected to dominate the market with over 30% share by the end of
2015. In terms of value, Asia Pacific is anticipated to demonstrate
the highest CAGR of over 9% during the forecast period.
Further, the report presents market
opportunities, future outlook, trends, BPS analysis, market
attractiveness analysis and competitive landscape of the key players
in the hot melt adhesives market. Key players have been profiled to
include a company overview, financials, operating segment share,
product and service offerings, business strategies, SWOT analysis and
key developments.
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Key players in the global hot melt
adhesives market include Henkel AG & Co. KGaA, H. B. Fuller, Sika
AG, Arkema Group, Ashland Inc., The 3M Company, Jowat AG, Sipol
S.p.A., Palmetto Adhesives Company and Sealock Ltd.
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