North-America PUR Hot Melt Adhesives Market - Segmented by Type, End-User Industry and Geography - Trends and Forecasts 2017 - 2022

  • ID: 4390655
  • Report
  • 128 pages
  • Mordor Intelligence
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North-American PUR Hot melt adhesives market was valued at USD 349.04 million in 2015 and is expected to reach USD 489.33 million by 2020 showing a Compound Annual Growth Rate (CAGR) of 6.99% in the forecast period. North America has the largest market for PUR hot melt adhesives, followed by Asia-pacific and Europe. But, compared to the Asia-pacific, the North American PUR hot melt adhesives market is expected to record a slower progress in the forecast period.

The North-American PUR hot melt adhesives market has been segmented on the basis of type into non-reactive and reactive. On the basis of application, the market has been segmented into packaging, hygiene products, automotive, furniture, footwear, electronics, textile, bookbinding, and others. On the basis of geography, the market has been segmented into countries namely USA, Mexico and Canada.

Polyurethane reactive (PUR) hot melt has a combination of different positive attributes found in various, unique adhesives. PUR hot melt is not found in the normal form of a glue stick or bulk pellet, instead, it is melted from a solid prior to application and is commonly dispensed from a 10oz tube similar to caulking adhesive. PUR hot melt solidifies through moisture in the air to form a super strong bond that does not re-melt.

PUR glues are a recent development for perfect binding and are largely different from the EVA and SBR (styrene butadiene rubber) hot melt. They polymerize when applied so that they form much stronger bonds than the traditional hot melt. They also possess superior flexibility and can withstand a larger range of temperature. They are expensive than traditional EVA hot melt (2-4X) but application rates are much lower. Transitioning to reactive hot-melt polyurethane (PUR) offers various companies a way to stay relevant and competitive.

Growth of the market is driven by increasing number of end user industries in the region. Market users for adhesives and sealants vary from construction to packaging and labeling, including automotive industry, footwear, transportation, Assembly, Consumer DIY and woodworking. Progress of the market over the next few years will be driven by increasing product penetration in new application markets, product differentiation and innovations.

However, the volatility in raw material prices provides a major challenge on the global PUR hot melt adhesives market by 2020. Raw materials for adhesives are polymeric materials may be naturally occurring and synthetic. Natural polymers like starch, gelatin, asphalt, bitumen natural rubber & resin and synthetic polymers like vinyl & acrylics have witnessed a volatility in raw material costs, in recent years. Growing volatility in the prices of raw materials has increased pressure on margins of adhesives manufacturers.

Market players, in this region, are keen to expand their product portfolio and offer it to consumers at competitive prices. The major market players are focusing on R&D activities to innovate products under the regulations of EPA and REACH. Other development strategies opted by market players include signing agreements and collaborations to optimize their distribution chain in growing economies.

Few of the companies profiled in the PUR hot melt adhesives market report include leading global industries such as 3M Corporation, Avery Dennison Corporation, Beardow & Adams (Adhesives) Ltd., Bostik Inc., Dow Corning Corporation, Evans Adhesive Corporation Ltd, H.B. Fuller, Henkel AG and Huntsman Corporation.

Key Deliverables:

Market analysis for the North-American Polyurethane Injections market, with country specific assessments and competition analysis on regional scale
Market definition along with the identification of key drivers and restraints
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale
Extensively researched competitive landscape section with profiles of major companies along with their market shares
Identification and analysis of the macro and micro factors that affect the North-American Polyurethane Injections market on both regional and national scales
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market
Insights on the major countries in which this industry is blooming and to also identify the regions that are still untapped.
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1. Introduction
1.1 Description
1.2 Research Methodology
2. Executive Summary
3. PUR Hot Melt Adhesives Market
3.1 Overview
3.2 Industry Value Chain Analysis
3.3 Industry Attractiveness Porters 5 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 Drivers
4.1.1 Vast Range of End-User Industries
4.1.2 Substituting Other Adhesive Technologies
4.2 Restraints
4.2.1 Volatility in raw material prices
4.3 Opportunities
4.3.1 Bio-based PUR hot melt
4.3.2 Innovative Product Development
5. Market Segmentation and Analysis
5.1 By Type
5.1.1 Non-reactive
5.1.2 Reactive
5.2 By Application
5.2.1 Packaging
5.2.2 Hygiene Products
5.2.3 Automotive
5.2.4 Furniture
5.2.5 Footwear
5.2.6 Electronics
5.2.7 Textile
5.2.8 Bookbinding
5.2.9 Others
6. Regional Market Analysis (Market size, growth and forecast)
6.1 USA
6.2 Mexico
6.3 Canada
6.4 Others
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. Key International Companies (Overview, Products & Services, Financials, Recent Developments)
9.1 3M
9.2 BASF
9.3 Bostik SA
9.5 Cattie Adhesive Solutions
9.6 Franklin Adhesives & Polymers
9.7 H. B. Fuller
9.8 Henkel AG & Co. KGaA
9.9 Huntsman Corporation
9.10 Illinois Tool Works Inc.
9.11 Jowat AG
9.12 KLEBCHEMIE M. G. Becker GmbH & Co. KG
9.13 L.D. Davis
9.14 Nordson
9.15 Royal Adhesives & Sealants
9.16 Sika AG
9.17 Valco melton
9.18 Yokohama Industries Americas Inc.
10. Disclaimer
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Note: Product cover images may vary from those shown