SELBYVILLE, Del. - November 18, 2019 - (Newswire.com)
According to a report by Global Market Insights, Inc., the hot melt adhesives market demand is expected to exceed USD 10 billion by 2026. Favorable regulations supporting application of high-quality adhesives to enhance consumer safety in automobile manufacturing may drive market share.
Rising e-commerce sector and increase in online retail channels may trigger the demand for hot melt adhesives in the packaging sector. Stringent government regulations in packaging industry towards the use of nontoxic adhesives and lowering residual toxicity levels may have a positive impact on product demand.
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Some major findings of the hot melt adhesives market report include:
- The demand for hot melt adhesives is increasing across the globe due to their benefits such as high resistance to wear & tear, and durability under high-pressure conditions.
- Increasing consumer inclination for high-quality footwear for outdoor activities may increase market demand as PU based hot melt adhesives are widely used in manufacturing soles for sport shoes.
- Some of the major players operating in the market are H.B Fuller, SIKA AG, and DOW.
- Companies are engaging in R&D activities to manufacture products that are resistant to acid and maintain mechanical flexibility under high thermal stress.
- Stringent regulations in North America for the use of adhesives in food packaging are encouraging companies to develop new products that inhibit oxidation, increase shelf life, and have low residual toxicity levels.
Rising population, growing demand for high-performance textiles from everyday wear and sports & fitness may drive the market for polyester-based hot melt adhesives in the textile market. They are utilized in fabric lamination, fusible textile interlinings, and hem & seam sealing owing to compatibility with natural & synthetic fibers, quick drying time, and nontoxic residual nature.
Browse key industry insights spread across 320 pages with 209 market data tables and 52 figures & charts from the report, “Hot Melt Adhesives Market Size, Industry Analysis Report, By Products (Ethylene Vinyl Acetate (EVA), Styrenic Block Copolymer (SBC), Amorphous poly-alpha-olefin (AMOP), Metallocene Polyolefins (MPO), Polyurethane (PU), Polyamide (PA), Polyester), By Application (Packaging, Disposables, Pressure-sensitive products, Bookbinding, Furniture, Footwear, Automobile, Textile, Electronics), Application Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2026” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/hot-melt-adhesives-market
The market for polyurethane-based adhesives may increase owing to its extensive use in various end industries such as electronics, pharmaceuticals, and cosmetics packaging. Its characteristics such as flexibility, temperature & moisture resistance, and good adhesion to a wide range of substrates such as glass, metal, and plastic may foster the overall hot melt adhesives market share.
Stringent automobile regulations to utilize high-performance materials in Europe may boost the market for high-performance coatings. They are widely used in manufacturing automobile headlights, seats, carpets, and roof liners owing to quick-drying action, low residual concentration, blob free, and lightweight bonding. A rising automobile sector owing to increasing disposable income, and easy availability of low-interest automotive loans may propel the market size.
Hot melt adhesives market participants are engaged in joint ventures and partnerships to offer a high-quality and diverse range of products. Companies are focusing on investing in new manufacturing techniques to create product differentiation and expand product portfolio. Industry players are introducing products with quick drying time, high flexibility, and increased resistance to environmental susceptibilities.
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Partial chapter from report's table of contents (TOC):
Chapter 3 Hot Melt Adhesives Industry Insights
3.1 Industry segmentation
3.2 Industry size and forecast, 2015 - 2026
3.3 Industry ecosystem analysis
3.3.1 Vendor matrix
3.3.2 Distribution channel analysis
3.3.2.1 Collaboration/Partnership
3.3.2.2 Technology Provider/Licensing
3.3.2.3 Service Providers
3.3.2.4 Contract Manufacturing
3.4 Technology landscape
3.5 Pricing trends
3.5.1 Raw material supply trends
3.5.1.1 EVA
3.5.1.2 Polyurethane (PU)
3.5.1.3 SBC
3.5.1.4 Polyolefins
3.5.1.4.1 Ethylene
3.5.1.4.2 Propylene/polypropylene
3.5.2 Regional pricing
3.5.2.1 EVA Hot Melts
3.5.2.2 SBC Hot Melts
3.5.2.3 AMOP Hot Melts
3.5.2.4 Metallocene PO Hot Melts
3.5.2.5 PU Hot Melts
3.5.2.6 Polyamide Hot Melts
3.5.2.7 Polyester Hot Melts
3.5.3 Cost structure analysis
3.6 Regulatory landscape
3.6.1 U.S.
3.6.2 Europe
3.6.3 China
3.7 Industry impact forces
3.7.1 Growth drivers
3.7.1.1 Intensifying product usage across various industries
3.7.1.2 Asia Pacific: Growing adhesives market demand
3.7.1.3 Low VOC content in adhesives
3.7.2 Industry pitfall & challenges
3.7.2.1 Rise in adoption of environment-friendly alternative products
3.8 Innovation & sustainability
3.9 Polymer comparison
3.9.1 PUR and EVA
3.9.2 Metallocene and EVA
3.9.3 Polyolefin and polyamide
3.10 Technology comparison
3.10.1 Water based adhesives v/s Hotmelt adhesives
3.11 Growth potential analysis, 2018
3.11.1 Emerging business models
3.11.1.1 Collaboration/Joint ventures
3.11.1.2 Acquisitions
3.11.1.3 Product launch
3.12 Porter’s analysis
3.13 Company market share analysis, 2018
3.13.1 Strategy dashboard
3.14 PESTEL analysis
Browse Related Report:
Polyurethanes (PU) Market Size By Product (Rigid Foam, Flexible Foam, Coatings, Adhesives & Sealants, Elastomers), By Application (Furniture and Interiors, Construction, Electronics & Appliances, Automotive, Footwear, Packaging), Industry Outlook Report, Regional Analysis, Application Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2026
https://www.gminsights.com/industry-analysis/polyurethane-PU-market-report
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Global Market Insights, Inc.
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Original Source: Hot Melt Adhesives Market to Cross USD 10.85 Bn by 2026: Global Market Insights, Inc.
