PUR hot-melt adhesives are solvent-free solid compounds, with negligible or no VOCs. They are characterized by high temperature and moisture resistance, excellent flexibility and the ability to bond with a wide range of materials, such as metals, plastics, and wood. The major end-users of these adhesives are hygiene products, automotive, furniture, packaging, footwear, electronics, textile, and bookbinding, among others.
The market is driven by certain factors, such as growing demand from the packaging and electronics industries and increasing environmental regulations to control VOC emissions. However, the growth of the market is restrained by the premium pricing of PUR hot-melt adhesives. Additionally, the level of consumer awareness regarding PUR hot-melt adhesive products, in countries such as India and China, is still lagging behind their Australian, European and North American counterparts. This has resulted in lower market penetration of PUR hot-melt adhesive solutions, despite India and China being the two biggest consumer markets for overall adhesives.
The global PUR hot-melt adhesives market has been segmented, based on type, into reactive and non-reactive. The reactive segment accounts for the highest share in the market and is expected to be the fastest-growing segment, during the forecast period. PUR hot-melt reactive adhesives are applied in textiles, recreational vehicles, and profile wrapping. These adhesives can be customized to meet specific consumer needs.
Geographically, the market has been segmented into North America, Europe, Asia-Pacific, South America, and the Middle East and Africa. North America accounts for the highest share in the market, accounting for about 35% of the global share, by revenue; while Asia-Pacific is expected to be the fastest-growing market. There is a boost in the demand for automobiles, packaged food products, hygiene products, and electronic goods in the Asia-Pacific region, owing to the rising purchasing power of the consumers. This, in turn, makes the region an area of immense potential and opportunities for PUR hot-melt adhesives. The following graph shows the PUR hot-melt adhesives market by region:-
Opportunities and Market Players
The rising demand for bio-based PUR hot melt adhesives products and other innovative product developments are expected to offer numerous opportunities for the growth of the global PUR hot-melt adhesives market. The major market players are focusing on R&D activities to innovate products under the regulations of EPA and REACH. Other developmental strategies opted by the market players include signing agreements and collaborations to optimize their distribution chain in the growing economies.
Some of the major companies dominating this market are:-
Market analysis for the global PUR hot-melt adhesives market, with region specific assessments and competition analysis on global and regional scales.
Market definition along with the identification of factors instrumental in changing the market scenario and prospective opportunities.
Extensively researched competitive landscape section with profiles of major companies along with their market share.
Identification and analysis of the macro and micro factors that affect the global PUR hot-melt adhesives market on both global and regional scales.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
1.2 Research Methodology
2. Executive Summary
3. PUR Hot-Melt Adhesives Market
3.2 Industry Value Chain Analysis
3.3 Industry Attractiveness Porters Five Force Analysis
3.3.1 Bargaining Power of Suppliers
3.3.2 Bargaining Power of Consumers
3.3.3 Threat of New Entrants
3.3.4 Threat of Substitute Products and Services
3.3.5 Degree of Competition
4. Market Dynamics
4.1.1 Increasing Applications in a Vast Range of Industries
4.1.2 Growing Demand from Packaging and Electronics Industry in Asia-Pacific
4.1.3 Growing Demand from Developing Countries
4.1.4 Growing Environmental Awareness
4.2.1 Dearth of Usage in Asia-Pacific
4.2.2 Other Restraints
4.3.1 Rising Demand for Bio-based PUR Hot Melt Adhesives
4.3.2 Innovative Product Development
5. Market Segmentation
5.1 By Type
5.2 By Application
5.2.2 Hygiene Products
5.2.4 Furniture (Woodworking)
6. Regional Market Analysis (Market Size, Forecast and CAGR)
6.1 North America
6.1.1 United States
6.1.4 Rest of North America
6.2.2 United Kingdom
6.2.5 Rest of Europe
6.3.4 South Korea
6.3.6 Australia and New Zealand
6.3.7 ASEAN Countries
6.3.8 Rest of Asia-Pacific
6.4 South America
6.4.3 Rest of South America
6.5 Middle-East and Africa
6.5.1 Saudi Arabia
6.5.2 South Africa
6.5.3 Rest of Middle-East and Africa
7. PUR Hot-Melt Adhesive Up And Down Stream Industry Analysis
8. Competitive Landscape
8.1 Mergers & Acquisitions
8.2 Joint Ventures, Collaborations and Agreements
8.3 Market Share Analysis
8.4 Strategies Adopted by Leading Players
9. Company Profiles (Overview, Financials, Products & Services, Recent Developments)
9.1 3M Company
9.2 Arkema Group (Bostik SA)
9.3 DOW Chemical Company
9.5 Franklin International
9.6 DIC Corp.
9.7 H.B. Fuller Co.
9.8 Henkel AG& Co. KGaA
9.9 Huntsman Corp.
9.10 ITW Performance Polymers & Fluids (Illinois Tool Works Inc.)
9.11 Jowat Adhesives
9.12 Lord Corp.
9.13 TEX Year Fine Chemicals
9.14 Sika AG
9.17 Royal Adhesives & Sealants
9.19 BASF SE
9.21 Pidilite Industries
9.22 Heng Ying Adhesives Co. Ltd.
9.23 Adhesives Technologies Inc
9.24. Alfa International Corp.
9.25 American Chemical Inc
9.26 Delo Industrial Adhesives
9.27 Collano Adhesives AG