Hot Melt Adhesives Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2018 - 2028
Hot Melt Adhesives Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2018 - 2028
Report Digest
Global Hot Melt Adhesives Market: Overview
A machine needs components that help fix or join two or more parts together for a particular function. This requires materials that are capable of sticking to components, and they are often termed as adhesives. Now there are several types of adhesives in the market, but, each industry has its own preference based on the need. Hot melt adhesives are those that are melted along with the components to be joined. As the electronics, automotive, and packaging industries continue to grow, the demand for products in the global hot melt adhesives market is also expected to rise in the coming years.
An upcoming report on the global hot melt adhesives market by TMR Research is expected to shed light on the current trends ad factors that are influencing growth. At the same time, the report also shares details on current challenges that will impede growth and the potential opportunities from which both, existing and upcoming players can benefit in the forecast period.
Global Hot Melt Adhesives Market: Notable Developments
The competitive landscape of the global hot melt adhesives market is unlike many other markets in the chemicals and materials sector. Inundated with quality products and those that meet most requirements of users, the scope of rolling out a new products is little. However, the competition lies in the ability to produce large volumes of product in the global hot melt adhesives market. With growing demand from all three prominent industries, the volume of production is expected to swell in the coming years. To meet this challenge, companies in the global hot melt adhesives market are looking at technologies that will improve their production capacity. At the same time, most companies that have a strong foothold in mature markets like North America and Europe, are looking to expand in emerging regions in Asia Pacific. The room for growth in developing nations in this region is higher and hence the focus on establishing manufacturing facilities in these regions with latest technology will define the competency of companies in the future.
Some of the prominent names in the global hot melt adhesives market are
- 3M
- Alfa International Corporation
- Arkema Group (Bostik SA)
- Ashland Inc.
- Avery Dennison Corp.
- Sika AG
- DowDuPont
- Dymax
- AICA ASIA Pacific Holding Pte Ltd
- HB Fuller Co.
- Henkel AG & Co. KGaA
- Hexcel Corporation
- Yokohama Industries Americas Inc.
- Huntsman Corporation
- Jowat SE
- Mactac
- Mapei SpA
- Paramelt BV
- Pidilite Industries Ltd
Global Hot Melt Adhesives Market: Key Trends
Here are some of the prominent trends that are likely to drive growth in the global hot melt adhesives market
Electronics Industry
There is nothing more compelling than finding new business opportunities in the electronics sector. There is not a day that passes without a new product launch. That one factor is sufficient to keep the demand in the global hot melt adhesives market growing. As the need for electronics increases with day, the launch of new products is expected to increase. This also means that the demand for products in the global hot melt adhesives market is also expected to surge in the coming years.
Automotive
While the automobile industry is currently facing a slump in growth, experts opine that the sector will resurge to business in the next few months. Change in fuel technology and designs to suit new models will bring back the buzz in the automobile industry. And, this will have a positive impact on the global hot melt adhesives market’s growth in the coming years. With new products expected to hit the market in automobile sector, the need for products that meet requirements in the global hot melt adhesives market will also arise. This means the scope for business in the global hot melt adhesives market is expected to expand.
Global Hot Melt Adhesives Market: Regional Analysis
According to experts, Asia Pacific is expected to reign the global hot melt adhesives market. Countries like India, Japan, and China are likely to occupy the highest demand volumes for products in the global hot melt adhesives market. A positive growth graph for almost all important end-use sectors of the global hot melt adhesives market will influence growth during the forecast period.
The global hot melt adhesives market is segmented based on
Resin Type
- Thermoplastic Polyurethane
- Ethylene Vinyl Acetate
- Styrenic-butadiene Copolymers
- Polyolefins
- Polyamide
End-user Industry
- Building and Construction
- Paper, Board, and Packaging
- Woodworking and Joinery
- Transportation
- Footwear and Leather
- Healthcare (including Hygiene Products)
- Electronics
The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.
TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.
TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.
5-Point Growth Formula
The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.
The 5-point growth formula includes the following points:
- Current and Future Threats
- Accurate Trend Analysis
- Regional Assessment
- Industrial Analogy
- COVID-19 Impact
Current and Future Threats
Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.
Accurate Trend Analysis
Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.
Regional Assessment
Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.
Industrial Analogy
The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.
COVID-19 Impact
The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.
The reports offer answers to the top 7 questions that revolve around the growth of the market
- What are the diverse growth parameters influencing the market?
- Which regions will contribute largely to the growth of the market
- What are the recent innovations and technological advancements in the market?
- What are the emerging trends across the market?
- How has COVID-19 affected the market?
- What will be the post-pandemic scenario of the market?
- What are the major threats that will dent the growth prospects of the market?
Flat 10% discount on Single User License if you prebook this report
Flat 10% discount on Multiple User License if you prebook this report
Flat 10% discount on Corporate License if you prebook this report