Le Lézard
Subject: Survey

Global Hot Melt Adhesives Market to Surpass US$ 9.8 Billion by 2027, Owing to Rising Demands of Reactive Hot Melt Adhesives ? Says Coherent Market Insights (CMI)


The global hot melt adhesives market was valued at US$ 6.4 billion in terms of revenue, in 2019 and is expected to exhibit a CAGR of 5.2% during the forecast period (2020-2027).

Key Trends and Analysis:

The global hot melt adhesives market has witnessed rapid growth in terms of revenue in the past few years owing to the competitive advantages of hot melt adhesives over solvent-based & water-based adhesive types. Hot melt adhesives do not contain any volatile organic compounds, which makes them environment-friendly. This is expected to fuel the growth of the global hot melt adhesives market during the forecast period.

Key Market Takeaways:

The global hot melt adhesives market is expected to exhibit a CAGR of 5.2% during the forecast period (2020-2027). Among regions, Asia Pacific has witnessed significant growth in the recent past. Growth of the global reactive hot melt adhesives market is expected to be driven by the rapid expansion of end-use industries such as furniture, automotive, and packaging in emerging economies According to the Indian Brand Equity Foundation (IBEF), India was fourth largest automobile market and seventh largest manufacturer of commercial vehicles in 2018 with 8.3% growth in sales. Changing lifestyle and surge in demand for convenient and packaged food among consumers has created lucrative growth opportunity for players in the packaging industry.

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The development of hydrophilic hot melt adhesives and polyamide hot melt adhesives is gaining interest in developed countries, which is driving growth of the hot melt adhesives market. In recent years, polyolefin hot melt adhesives are being produced using metallocene as a catalyst. These hot melt adhesives are widely used in the packaging industry. Owing to excellent performance, demand for hot melt adhesives from the packaging sector in increasing substantially.

Furthermore, several key companies are focused on developing and launching of new products, in order to expand their product portfolio. For instance, in September 2019, Henkel, a German chemical and consumer goods company, launched its new Technomelt Supra PS adhesives, which can replace plastic films, intermediate layers and anti-skid mats in securing pallets. Technomelt Supra PS product range includes adhesives with low, medium and high adhesion properties. Henkel showcased these adhesive solutions at FachPack 2019, a European exhibition for packaging and processing technology held in Nuremberg, Germany during September 2019.

Competitive Landscape:

Major players operating in the global hot melt adhesives market are Henkel AG & Co. KGaA, H B Fuller, Sika AG, Arkema Group, Ashland Inc., The 3M Company, Jowat AG, Sipol SpA, Palmetto Adhesives Company, and Sealock Ltd.

Leading companies involved in the production and distribution of hot melt adhesives are focusing on strategies such as launching new hot melt adhesive based products across the globe. For instance, in April 2019, H.B. Fuller, a global leader in manufacturing and supply of adhesives, launched its new product, Rakoll 5010, which is a low monomer emission reactive hot melt adhesive.

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Market Segmentation:

Related Market Intelligence Reports:

Epoxy Resin Market, By Application (Paints & Coatings, Wind Energy, Composites, Construction, Electrical & Electronics, Adhesives, Others), and By Region (North America, Europe, Asia Pacific, Rest of the World) - Size, Share, Outlook, and Opportunity Analysis, 2020 ? 2027

Read more: https://www.coherentmarketinsights.com/market-insight/epoxy-resin-market-4380

About Us:

Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having sales office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 57 countries worldwide.



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