Hot Melt Adhesives Market Product Segments And Growth Outlook Report By 2022
The Global Hot Melt Adhesives Market is likely to grow at a significant CAGR of 6.40% in the forecast period.
The Global Hot Melt Adhesives Market is likely to grow at a significant CAGR of 6.40% in the forecast period.
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<strong>Hot</strong> <strong>Melt</strong> <strong>Adhesives</strong> <strong>Market</strong> <strong>Product</strong> <strong>Segments</strong> <strong>And</strong><br />
<strong>Growth</strong> <strong>Outlook</strong> <strong>Report</strong> <strong>By</strong> <strong>2022</strong><br />
“Driving factors responsible for the market growth include increase in use and<br />
extensive usage as applications across all verticals. Favourable regulations by<br />
the governments pertaining to the use of eco-friendly products is expected to<br />
fuel the market demand during the forecast period.”<br />
The Global <strong>Hot</strong> <strong>Melt</strong> <strong>Adhesives</strong> <strong>Market</strong> is likely to grow at a significant CAGR of 6.40% in the forecast period. A<br />
thermoplastic polymer system when applied in a molten state results in a hot melt adhesive. The flow must be<br />
smooth on both the surfaces to allow rapid cooling at a room temperature. Hence, proper viscosity for hot melt<br />
adhesives to function at room temperature enables in an ideal product.<br />
Driving factors responsible for the market growth include increase in use and extensive usage as applications across<br />
all verticals. Favourable regulations by the governments pertaining to the use of eco-friendly products is expected<br />
to fuel the market demand during the forecast period. In addition, the packaging industry plays a prominent role in<br />
the market expansion that leads into potential growth prospects. Rise in consumption of food products is also<br />
expected to gain a significant CAGR in the forecast period.<br />
<strong>Product</strong> segmentation for hot melt adhesives market includes EVA, SBC, Polyolefin, PU, Polyamide and Polyester.<br />
EVA segment accounts for a greater market share owing to extensive use and versatile form. Application category<br />
for hot melt adhesives market include bookbinding, pressure sensitive products, packaging disposables, footwear,<br />
furniture, textile, electronics and automobiles. Disposables accounted for a significant market share in the forecast<br />
period due to rise in use of disposables in hygiene products, also the usage encompass baby diapers and baby<br />
hygiene products.<br />
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Geographical segmentation for hot melt adhesives market includes North America, South America, Europe, Asia-<br />
Pacific, Middle East and Africa. Asia-Pacific regions account for a remarkable CAGR during the forecast period due<br />
to surge in construction activities. Rise in industrial growth and heavy presence of manufacturing sector in the<br />
APAC region is likely to fuel the market growth. In addition, versatility of hot melt adhesives.<br />
North American and European regions are likely to gain a strong position in the global market because of extensive<br />
demand for hot melt adhesives and rising popularity. The key players in the hot melt adhesives market include 3M<br />
Co, H.B., Fuller, Henkel AG & Co KgaA, Hexcel Corp, Dow Corning Corp, Toyobo Co Ltd, Jowat SE, Avery Dennison<br />
Corp, Evans <strong>Adhesives</strong> Corp Ltd, Dynea OY, Henkel AG & Co KgaA, Heartland <strong>Adhesives</strong>, Sika AG and Bostik Inc.<br />
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<strong>Market</strong> Segment:<br />
The market is divided into the following segments based on geography:<br />
• Americas<br />
• APAC<br />
• EMEA<br />
Global <strong>Hot</strong> <strong>Melt</strong> <strong>Adhesives</strong> <strong>Market</strong> 2018-<strong>2022</strong>, has been prepared based on an in-depth market analysis with inputs<br />
from industry experts. The report covers the market landscape and its growth prospects over the coming years. The<br />
report also includes a discussion of the key vendors operating in this market.<br />
See More <strong>Report</strong>s of This Category by Million Insights @<br />
https://www.millioninsights.com/industry/chemicals<br />
Key vendors<br />
• 3M<br />
• Arkema<br />
• DowDuPont
• H.B. Fuller<br />
• Henkel<br />
Browse Full Research <strong>Report</strong> @<br />
https://www.millioninsights.com/industry-reports/hot-melt-adhesives-market-forecast<br />
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