Hot melt adhesives market is foreseen to carve an exponential growth graph
over the next seven years, pertaining to the extensive usage of thermoplastic
adhesives in numerous professional sectors. Driven primarily by the properties
of eco-friendliness, long shelf life, non-degradability, quick drying,
cost-effectiveness, and disposability, hot melt adhesives are used in the
packaging sector to preserve and protect food, beverages, groceries, and
agricultural produce. They are also used in car seating, water shields, door
sealants, sear upholstery, and package tray attachments in automobiles, thereby
propelling hot melt adhesives industry size from the automotive sector. As per
Global Market Insights, Inc., Hot melt adhesives market, valued
at USD 5.5 billion 2015, is slated to exceed a valuation of more than USD 10
billion by 2024, growing at a CAGR of 6% over 2016-2024.
Hot
melt adhesives are widely used in the packaging sector for manufacturing
plastic bottles, paper cartons, and corrugated sealing, subject to their
superior features. This will simulate hot melt adhesives market from packaging
applications, which is forecast to grow at a rate of 5.5% over 2016-2024. The
increase in the production of tapes, labels, films, and foils will also drive
the industry trends, especially across APAC and Europe.
Europe hot melt adhesives industry is anticipated to experience the highest CAGR of 4.5% between the years of 2016 to 2024. This growth rate can be attributed to the enforcement of stringent regulations to prevent VOC emissions and the rising prominence of the automotive and packaging sectors. Germany is a major revenue contributor for Europe hot melt adhesives market. Strict norms by the EPA and REACH organizations coupled with the rising demand for thermoplastic adhesives from the food & beverage sector will drive Germany hot melt adhesives industry, set to grow at a rate of 4.5% over 2026-2024.
Europe hot melt adhesives industry is anticipated to experience the highest CAGR of 4.5% between the years of 2016 to 2024. This growth rate can be attributed to the enforcement of stringent regulations to prevent VOC emissions and the rising prominence of the automotive and packaging sectors. Germany is a major revenue contributor for Europe hot melt adhesives market. Strict norms by the EPA and REACH organizations coupled with the rising demand for thermoplastic adhesives from the food & beverage sector will drive Germany hot melt adhesives industry, set to grow at a rate of 4.5% over 2026-2024.
The automotive sector is on a progressive path even across the APAC region, especially in China and India. Mainly driven by the product’s usage for door sealants, package tray attachments, and seat upholstery, China hot melt adhesives market share from automobile applications will exceed USD 50 million by 2024.
Ethylene-vinyl
acetate (EVA), one of the key products of hot melt adhesives industry, is
highly dependable, versatile, and durable, with intact adhesion properties. It
also holds a small part of adhesives and sealants
market and is used increasingly in the packaging,
F&B, automotive, and paper manufacturing sectors, owing to which EVA hot
melt adhesives industry size is slated to exceed USD 3.5 billion by 2024.
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The escalating growth in the transportation sector will propel amorphous poly-alpha-olefin hot melt adhesives market, which is likely to record a CAGR of 5% over 2016-2024.
https://goo.gl/VXLLnH
The escalating growth in the transportation sector will propel amorphous poly-alpha-olefin hot melt adhesives market, which is likely to record a CAGR of 5% over 2016-2024.
Collaborating
with companies manufacturing eco-friendly and bio-based products is a key
growth strategy of firms operating in this industry. Prominent market players
include H.B. Fuller, Hunstman Corporation, Avery Dennison, 3M Company, Dow
Chemicals, Bostik, Tex Year Industries, and Ashland.
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About
Global Market Insights:
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.
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.
Fractovia
29L Atlantic Avenue,
Suite L 105, Ocean View,
Delaware 19970
United States
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@fractovia.org
Web: www.fractovia.org
29L Atlantic Avenue,
Suite L 105, Ocean View,
Delaware 19970
United States
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@fractovia.org
Web: www.fractovia.org
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