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Hot Melt Adhesives Market by Product Type (EVA, SBC, APAO & POE, PU), by Application, by Region (North America, Europe, Asia-Pacific, & Row) - Global Trends & Forecast to 2020

  • ID: 3607761
  • January 2016
  • Region: Global, America, Europe, North America, United States
  • 193 Pages
  • Markets and Markets
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The Global Hot Melt Adhesive Market Is Projected to Be Worth USD 9.64 Billion by 2020

FEATURED COMPANIES

  • American Chemical Inc.
  • Bostik Inc.
  • DOW Corning Corporation
  • H. B. Fuller Company
  • Hexcel Corporation
  • Jowat AG
  • MORE

The increasing need for high standard performance across all modern applications is driving the market for hot melt adhesives.

The global hot melt adhesives market is projected to reach USD 9.64 billion by 2020, registering a CAGR of 5.73% between 2015 and 2020. Shift from the traditional solvent-based adhesives toward the use of high-performance products such as hot melts globally is one of the key reasons for the growth of the hot melt adhesives market.

The major reasons for this shift are that while using HMAs volatile organic compounds are reduced or eliminated and HMAs has long shelf life and usually can be disposed of without special precautions.

Polyurethane is the fastest-growing product type, as it is helpful in bonding non porous materials such as metal to wood or mirrors to walls. The other major advantage of polyurethane is that it does not contain solvents and is a low volatile organic compound producer which allows it be used as a raw material in manufacturing of hot melt adhesives. The polyurethane hot melt adhesives are used in end-use industries such as shoe making, paper packaging, and bookbinding.

Asia-Pacific is estimated to be the READ MORE >

Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • American Chemical Inc.
  • Bostik Inc.
  • DOW Corning Corporation
  • H. B. Fuller Company
  • Hexcel Corporation
  • Jowat AG
  • MORE

1 Introduction
1.1 Objectives Of The Study
1.2 Market Definition
1.3 Scope Of The Market
1.3.1 Markets Covered
1.3.2 Years Considered In The Report
1.4 Currency & Pricing
1.5 Limitations
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown Of Primaries
2.2 Market Size Estimation
2.3 Market Breakdown And Data Triangulation
2.4 Research Assumptions

3 Executive Summary

4 Premium Insights
4.1 Growth Opportunities In Hmas Market
4.2 Hmas Market – Major Types
4.3 Hmas Market Share, By Type & Country
4.4 Hmas Market, By Application
4.5 Life Cycle Analysis, By Region

5 Market Overview
5.1 Introduction
5.2 Segmentation
5.2.1 By Product Type
5.2.2 By Application
5.2.3 By Region
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Broad Spectrum Of End-Use Industries
5.3.1.2 Hmas Are Replacing Other Adhesive Technologies
5.3.1.3 High Demand Of Adhesives In Asia-Pacific
5.3.2 Restraints
5.3.2.1 Volatility In Raw Material Prices
5.3.2.2 Fluctuating Economic Cycles
5.3.3 Opportunities
5.3.3.1 Booming Packaging And Non-Woven Disposables Market In Asia-Pacific
5.3.4 Winning Imperatives
5.3.4.1 Increasing Focus On Growth And Consolidation
5.3.4.2 Innovative Product Development To Enhance Bonding Performance

6 Industry Trends
6.1 Introduction
6.2 Value Chain Analysis
6.2.1 Raw Material Suppliers For Polymer Base & Additives
6.2.2 Hot Melt Adhesives Manufacturers
6.2.3 Suppliers & Distributors
6.2.4 End-Use Industries
6.3 Porter’S Five Forces Analysis
6.3.1 Bargaining Power Of Suppliers
6.3.2 Threat Of New Entrants
6.3.3 Threat Of Substitutes
6.3.4 Bargaining Power Of Buyers
6.3.5 Intensity Of Rivalry

7 Hmas Market, By Product Type
7.1 Introduction
7.2 Ethylene Vinyl Acetate
7.3 Styrenic Block Copolymers
7.4 Amorphous Poly Alpha Olefin (Apao)
7.5 Metallocene Pe (Mpo)
7.6 Other Polyolefins (Pop, Pe, Etc.)
7.7 Polyurethanes
7.8 Polyamide
7.9 Others

8 Hmas Market, By Application
8.1 Introduction
8.2 Packaging
8.3 Non-Woven/Disposables
8.4 Pressure-Sensitive Applications
8.5 Construction & Furniture
8.6 Bookbinding
8.7 Automotive
8.8 Others

9 Hmas Market, By Region
9.1 Introduction
9.2 North America
9.2.1 U.S.
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 France
9.3.3 U.K.
9.3.4 Italy
9.3.5 Rest Of Europe
9.4 Asia-Pacific
9.4.1 China
9.4.2 Japan
9.4.3 India
9.4.4 South Korea
9.4.5 Rest Of Asia-Pacific
9.5 Row
9.5.1 Middle East
9.5.2 Brazil
9.5.3 South Africa
9.5.4 Other Countries In Row

10 Competitive Landscape
10.1 Overview
10.2 Competitive Situations & Trends
10.2.1 New Product Launches
10.2.2 Expansions
10.2.3 Acquisitions
10.2.4 Agreements

11 Company Profiles
(Overview, Financial*, Products & Services, Strategy, And Developments)
11.1 Introduction
11.2 The 3M Company
11.3 Henkel Ag
11.4 Avery Dennison Corporation
11.5 Ashland Inc.
11.6 H. B. Fuller Company
11.7 Dow Corning Corporation
11.8 Huntsman Corporation
11.9 Sika Ag
11.10 Hexcel Corporation
11.11 Toyobo Co. Ltd
11.12 American Chemical Inc.
11.13 Beardow & Adams (Adhesives) Ltd.
11.14 Bostik Inc.
11.15 Costchem Srl
11.16 Dynea Oy
11.17 Evans Adhesive Corporation Ltd.
11.18 Jowat Ag
11.19 Wisdom Adhesives
11.20 Worthen Industries, Inc.
*Details Might Not Be Captured In Case Of Unlisted Companies.

12 Appendix
12.1 Recent Developments
12.2 Discussion Guide
12.3 Introducing Rt: Real Time Market Intelligence
12.4 Available Customizations
12.5 Related Reports

Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • American Chemical Inc.
  • Bostik Inc.
  • DOW Corning Corporation
  • H. B. Fuller Company
  • Hexcel Corporation
  • Jowat AG
  • MORE

The global hot melt adhesive market size, in terms of value, is projected to reach USD 9.64 Billion by 2020, at a CAGR of 5.73% between 2015 and 2020. The high-growth application areas such as construction, packaging and labeling, woodworking, transportation, footwear, automotive, and continuous new product launch and expansion activities undertaken by companies are key factors driving the growth of the global market.

The polyurethane is projected to be the fastest-growing product type of hot melt adhesives between 2015 and 2020. The major types of polymers available in the hot melt adhesive market are ethylene-vinyl acetate (EVA), styrenic block copolymers (SBC), amorphous poly-alphaolefin (APAO) & polyolefin elastomers (POE), polyurethane (PU), polyamide, and others.

Polyurethane (PU) finds major applications in shoe making, paper packaging, bookbinding, automotive, and specialty bag manufacturing industries in the global hot melt adhesive market. Polyurethane adhesives are based on polymers that contain urethane linkages in the molecular backbone, regardless of the chemical composition of the rest of the chain.

Currently, Asia-Pacific is the largest market for hot melt adhesives, accounting for more than half of the global market size, by value, in 2014. Among all the countries, China dominates the hot melt adhesive market in 2014, followed by Japan. India is the fastest-growing market globally and is expected to surpass China in the near future.

High economic growth rate, growing demand for applications (such as packaging, non-woven/disposables, pressure sensitive tapes & labels, construction & furniture, and others), cheap labor, and competitive manufacturing costs are the main factors leading to the growth of the market for hot melt adhesives in the region.

Though the hot melt adhesive market is growing at a significant growth rate, few factors hinder the growth of the market globally. Volatility of raw material prices and fluctuations in economic cycles are restricting growth in the hot melt adhesives market. The rapidly increasing demand for hot melt adhesives in its highly growing end-use industries is driving the hot melt adhesives market. In most of the industries, it is used as a binder, emulsifier, stabilizer, thickener, film former, adhesion promoter, and so on.

Companies such as The 3M Company (U.S.), Ashland Inc. (U.S.), Bostik S.A. (France), Dow Corning (U.S.), H.B. Fuller Company (U.S.), Henkel AG & Company (Germany), Jowat AG (Germany), Sika AG (Switzerland), and Toyobo Co., Ltd. (Japan), are the dominant market players in the global hot melt adhesive market.

The diverse product portfolio and strategically positioned R&D centers, continuous adoption of development strategies, and technological advancements are the few factors that are responsible for strengthening the market position of these companies in the market. These companies have been adopting various organic and inorganic growth strategies such as expansion, merger & acquisition, partnership, new product launch & product development to enhance their current market share.

Exteneded Description

The increasing need for high standard performance across all modern applications is driving the market for hot melt adhesives.

The global hot melt adhesives market is projected to reach USD 9.64 billion by 2020, registering a CAGR of 5.73% between 2015 and 2020. Shift from the traditional solvent-based adhesives toward the use of high-performance products such as hot melts globally is one of the key reasons for the growth of the hot melt adhesives market.

The major reasons for this shift are that while using HMAs volatile organic compounds are reduced or eliminated and HMAs has long shelf life and usually can be disposed of without special precautions.

Polyurethane is the fastest-growing product type, as it is helpful in bonding non porous materials such as metal to wood or mirrors to walls. The other major advantage of polyurethane is that it does not contain solvents and is a low volatile organic compound producer which allows it be used as a raw material in manufacturing of hot melt adhesives. The polyurethane hot melt adhesives are used in end-use industries such as shoe making, paper packaging, and bookbinding.

Asia-Pacific is estimated to be the fastest-growing market for hot melt adhesives market. The growth of the market in the region is attributed to expansion of production capacity, high demand for end-use products, and others. With the recent expansion activities by key players in the Asia-Pacific region; the demand for hot melt adhesives in this region is projected to register the highest CAGR between 2015 and 2020.

This study has been validated through primaries conducted with various industry experts globally. These primary sources have been divided under three categories: By Company; By Designation; and By Region.

- By Company Type- Tier 1- 34%, Tier 2- 33% and Tier 3- 33%
- By Designation- C Level- 12%, Director Level- 25% and Others- 63%
- By Region- North America- 12%, Europe- 12%, Asia-Pacific- 63%, and RoW- 13%

The report also provides company profiles and competitive strategies adopted by the major market players, such as The 3M Company (U.S.), Ashland Inc. (U.S.), Bostik S.A. (France), Dow Corning (U.S.), H.B. Fuller Company (U.S.), Henkel AG & Company (Germany), Jowat AG (Germany), Sika AG (Switzerland), and Toyobo Co., Ltd. (Japan) among others.

The report will help the market leaders/new entrants in this market in the following ways:
1. This report segments the hot melt adhesives market comprehensively and provides the closest approximations of the revenue for the overall market and the sub segments across the different verticals and regions.
2. The report helps stakeholders to understand the pulse of the market and provides them information on key market drivers, restraints, and opportunities.
3. This report helps stakeholders to better understand the competitor and gain more insights about the business. The competitive landscape section includes competitor ecosystem, new product developments, partnerships, mergers and acquisitions.

Note: Product cover images may vary from those shown
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- American Chemical Inc.
- Ashland Inc.
- Avery Dennison Corporation
- Beardow & Adams (Adhesives) Ltd.
- Bostik Inc.
- Costchem SRL
- DOW Corning Corporation
- Dynea OY
- Evans Adhesive Corporation Ltd.
- H. B. Fuller Company
- Henkel AG
- Hexcel Corporation
- Huntsman Corporation
- Jowat AG
- Sika AG
- The 3M Company
- Toyobo Co. Ltd
- Wisdom Adhesives
- Worthen Industries, Inc.

Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown

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