Hot melt adhesives are thermoplastic adhesive known as hot glue. Hot melt adhesives have the property to get melt and become liquid after heating as well as it also gets contract and become solid stable when it is exposed to low temperature. Therefore, it provides the sturdy adhesion to the surface, this reason make hot melt adhesive popular in the market and it is extensively used in the large range of applications. Thus, this factor is expected to drive the market of hot melt adhesive on the global level.
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Hot melt adhesives market is primarily driven by increasing demand for polyolefin and polyurethane product segment is also anticipated to further boost the market growth in the year to come. Increasing industrial activities in fields of electronics, energy, transportation, building & construction and industrial in China and India are expected to boost hot melt adhesives market in the region. However, volatility in raw material price and fluctuating economies trends are the major restraints of the global hot melt adhesives market.
On the basis of product, the hot melt adhesive market has been segmented as EVA, styrene block copolymers, polyolefin, polyurethane, polyamide and others. EVA was the largest product segment in terms of volume. The global hot melt adhesives market has been segmented based on the application that includes packaging, non-woven, pressure sensitive, construction, bookbinding and other applications. The packaging industry was the largest application segment globally and is expected to dominate the demand for hot melt adhesives during the forecasted period.
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‘The report covers forecast and analysis for the hot melt adhesives market on a global and regional level. The study provides historic data of 2014 along with a forecast from 2015 to 2020 based on volume (Kilo Tons) and revenue (USD Million). The study includes drivers and restraints for the hot melt adhesives market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the hot melt adhesives market on a global level.
In order to give the users of this report a comprehensive view on the hot melt adhesives market, we have included a detailed value chain analysis. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the hot melt adhesives market has also been included. The study encompasses a market attractiveness analysis, wherein product segments and application segments are benchmarked based on their market size, growth rate, and general attractiveness.
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The regional segmentation includes the current and forecast demand for North America, Europe, Asia-Pacific, Latin America and the Middle East & Africa with its further bifurcation into major countries including U.S. Germany, France, UK, China, Japan, India, and Brazil. This segmentation includes demand for hot melt adhesives based on individual applications in all the regions and countries.
Some of the leading industry participants in the global hot melt adhesives market includes, Henkel AG, The 3M Company, H.B. Fuller, Sika AG, Dow Corning Company, American Chemical Inc., Ashland Inc., Avery Dennison Corporation, Beardow Adams Ltd., Bostik smart adhesives, Nordson Corporation, Evans Adhesive Corporation Ltd, Hexcel Corporation, Huntsman Corporation, Jowat AG, Toyobo Co. Ltd, H E Wisdom & Sons Inc. and Worthen Industries, NH.
The global hot melt adhesives market has been segmented as follows:
Hot Melt Adhesives Market: Product Segment Analysis
- Styrenics Block Copolymers
Hot Melt Adhesives Market: Application Segment Analysis
- Pressure Sensitive
Hot Melt Adhesives Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- The Middle East & Africa
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