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 study presents a granular assessment and quantitative evaluation of:
- Key growth factors and prominent trends
- Size and share of key segments in overall market
- Key challenges and winning imperatives
- Factors shaping competitive landscape
- Insights into how contours of market will change in coming years
- Technological advances
- New avenues and imminent investment pockets
- Regulatory landscape shaping current and future strategies of companies
The region-wise assessment includes market dynamics in:
- North America
- Asia Pacific
- Europe
- Latin America
- The Middle East and Africa
The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.
The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:
- Which key factors will shape the competitive landscape?
- Which trends will stimulate research and development activities in different geographies?
- Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
- Which disruptions in market growth are likely to come with the new business models?
- Which are some of the recent overhauls in policies that may change the course of the market significantly?
- Which are the geographies that will form sizable sources of new streams to new and established players alike?
- How are top players likely to realign their strategy to counter the forces of competition?
- Which key strategies emerging players are likely to focus on to consolidate their position?
- Which changes in end-user preferences might affect the status quo held by the leading players?
- Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?
Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.
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