According to a new research report by Global Market
Insights, Inc. Hot Melt Adhesives Market is set to surpass USD 9.5 billion by
2024. Positive application outlook in disposables, footwear, automotive and
packaging industry may enhance hot melt adhesives market. Supporting
regulations by REACH and EPA pertaining to usage of eco-friendly products
should propel product demand in North America and Europe.
Hot melt adhesives offer benefits such as quick curing time,
low VOC emissions and easy application by glue gun. Automotive application
minimizes volatile organic compounds to stable and provide safety to vehicles
under extreme heat conditions. Solvent based PURs are extensively used in food
packaging and laminating applications.
Polyurethane, ethylene vinyl acetate,
polyamide, polyolefin and styrenic block copolymers are the prominent raw
materials used for production of hot melt adhesives. Ethyl vinyl acetate has
positive application scope in automotive, woodworking, packaging and paper
industries owing to its superior performance and low cost. Polyolefins based
adhesives also have usage in paper and packaging industry. Volatility in raw
material prices can increase supply demand gap and impact hot melt adhesives
market price trend.
Ethyl vinyl acetate hot
melt adhesives market may register growth of over 5% by the end of forecast
period. Strong application outlook in woodworking, paper and automobile
industries owing to its intact adhesion, dependability, durability and
versality may boost product demand. They are designed to adhere to aqueous
coating, paper stock and waxes, thereby encouraging their usage in labeling,
carton sealing and plastic film.
Polyurethane
hot melt adhesives market may exceed USD 1 billion by 2024. It is widely used
in pharmaceuticals, cosmetics and electrical & electronics industries due
to its better adhesion, flexibility and temperature & moisture resistance
properties. Increase in demand for bio-based products along with positive
outlook towards using insignificant VOC content products may propel industry
growth.
Browse Complete Summary of this report @
https://www.gminsights.com/industry-analysis/hot-melt-adhesives-market
https://www.gminsights.com/industry-analysis/hot-melt-adhesives-market
Packaging application of hot melt adhesives market may surpass
USD 3 billion by 2024. They are widely used in corrugated case & paper
board carton sealing along with glass, plastic bottle and cans. Increase in
tapes, labels and films production for application in packaging along with
regulations pertaining to safety of food contact materials mainly in India and
China should boost product demand.
Europe, led by Germany, France and UK hot melt adhesives market
may register growth of over 4.5% by the end of projected period. Strong
application scope in automotive & packaging industry along with stringent
regulations imposed by REACH and EPA regarding environmental concerns should
drive regional growth. Rise in demand of high quality sportswear, footwear and
protective shoes accompanied with usage of bio-based products in food packaging
may spur product demand.
Global hot melt adhesives market share is moderately
consolidated with key manufacturing participants include H.B. Fuller, Henkel
AG, Dow Chemical, Bostik, 3M Company, Hunstman Corp, Jowat, Ashland, Tex Year
Industries and Avery Dennison.
About Global Market Insights, Inc.
Global Market Insights, Inc., headquartered in Delaware,
U.S., is a global market research and consulting service provider; offering
syndicated and custom research reports along with growth consulting services.
Our business intelligence and industry research reports offer clients with
penetrative insights and actionable market data specially designed and
presented to aid strategic decision making. These exhaustive reports are
designed via a proprietary research methodology and are available for key
industries such as chemicals, advanced materials, technology, renewable energy
and biotechnology.
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Global Market Insights, Inc.
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Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1 888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Connect with us twitter | LinkedIn | Facebook | Google+
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