Hotmelt Adhesives Market Trends Growth, Revenue and Forecast to 2025

April 15, 2019
Categories: Business

Global Hot Melt Adhesives Market is Expected to Increase around US$ XX Mn by 2025, Due to Increased Application in Industry
Analyst Speak:

“The Global Hot Melt Adhesives Market is anticipated to reach about US$ XX Mn by 2025, and anticipated to expand at a CAGR over seven years of forecast period 2019-2025” owing to increased application in construction, book binding, non – woven disposables, and others.

Precision Business Insights (PBI) in its report titled “Global Hot Melt Adhesives Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period from 2019 to 2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period.

The global hot melt adhesives market size was accounted for US$ XX Mn in 2018 and anticipated to account for US$ XX Mn by 2025. Increased application in various industries such as construction book binding, non –woven disposables, and others will create a demand for the growth of the global hot melt adhesives market. However, high costs of the raw material will hinder the growth of the global hot melt adhesives market.

Global hot melt adhesives market segmented on the basis of type, and by industrial application.

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EVA (Ethylene Vinyl Acetate) Segment Expected to Dominate the Market

Based on type, the global hot adhesives market is segmented into SBC, PU, EVA, APAO, polyamide and others. Ethylene vinyl acetate is expected to dominate the market due to increased application of hot melt adhesives in board industry, paper industry, packaging industry and others.

Packaging Industry Will Dominate the Revenue Share.

Based on industrial application, packaging segment is expected to share major revenue share in global hot melt adhesives market due to increased demand of packages for various purposes such as food packaging.
Asia Pacific, Accounts for Major Revenue Share for Global Hot Melt Adhesives Market

Precision Business Insights (PBI), global hot melt adhesives market report analyses the market in different regions of North America, Europe, Asia Pacific, Latin America and Middle East and Africa. According to regional analysis, Asia Pacific accounted for major revenue share due to increased demand of hot melt adhesives from the growing population. North America hot melt adhesives market is expected to account moderate CAGR due to increased demand from the electronics and health care sector and also due to increased production of automotive. Europe exhibits a significant growth in hot melt adhesives market due to increased application in packaging sector and automotive industry. Latin America shows a significant growth in market owing to increased demand for construction designs. End user industries such as construction, electrical, automotive, and packaging are rapidly expanding in countries of Latin America such as Brazil. Middle East and Africa hot melt adhesives market is also expected to rise in the forecast period due to increased demand of packaging industry from the growing population.

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Strategic Acquisitions Play Vital Role in Global Hot Melt Adhesives Market

Market strategies such as acquisition play an important role in the development of the market. For instance, in January 2017 H.B Fuller Company acquired the industrial adhesives business of wisdom worldwide adhesives.

Key players in the market include Toyobo Co., Ltd., 3M Company, Sika AG, Ashland Inc., Jowat AG, Bostik S.A., Henkel AG & Company, Dow Corning and H.B. Fuller Company

Detailed Segmentation

By Type

o APAO (Amorphous Poly-Alpha olefin & POE (Polyolefin Elastomers)
o Polyamide
o EVA (Ethylene Vinyl Acetate)
o PU (Polyurethane)
o SBC (Styrenic Block Copolymers)
o Others

By Industry Application

o Book Binding
o Furniture
o Non -woven Disposables
o Packaging, Pressure Sensitive Uses
o Others

Geography

o North America
 U.S.
 Canada
o Europe
 Germany
 UK
 France
 Russia
 Spain
 Italy
 Rest of Europe
o Asia-Pacific
 China
 Japan
 India
 ASEAN
 Rest of Asia Pacific
o Latin America
 Brazil
 Mexico
 Argentina
 Chile
 Rest of Latin America
o Middle East and Africa
 South Africa
 Gulf Cooperation Council Countries(GCC)
 Rest of MEA

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Shreya Paul
Senior Business Development Executive
Email @ shreya@precisionbusinessinsights.com
Call @ +1-866-598-1553
Precision Business Insights