Lucintel anticipates that Asia Pacific will be the fastest growing region in the hot melt adhesives market
According to a new market report published by Lucintel, the future of the global hot melt adhesives market looks promising with opportunities in packaging, disposable hygiene products, automotive, bookbinding, and other sectors. The global hot melt adhesives market is expected to reach an estimated $9.3 billion by 2022 and is forecast to grow at a CAGR of 4.5% from 2017 to 2022.
The major growth drivers for this market are growing demand for hot melt adhesives in end use industries like packaging, disposable hygiene products, and automotive industry due to fast processing and environmental friendly properties.
In this market, packaging and disposable hygiene are the major applications of hot melt adhesives.
Within the global hot melt adhesives market, the styrene block copolymers (SBCs) segment is expected to remain the largest market by polymer type because SBCs offer better cohesion, strength, and heat resistance. These properties of SBCs have presented sound opportunities for hot melt adhesives in the pressure sensitive adhesives industry, which will spur growth for this segment over the forecast period.
Asia Pacific is expected to remain the largest market and anticipated to see above average growth over the forecast period due to increasing demand for packaging and disposable hygiene products in China and India.
Emerging trend, which have a direct impact on the dynamics of the market, include development of bio-based hot melt adhesives for assisting customers in reducing their dependence on petroleum based materials in packaging applications. Henkel AG, 3M Company, H.B Fuller Corporation, The Dow Chemical Company, and Sika AG are among the major suppliers of hot melt adhesives.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global hot melt adhesives market by application type, polymer type, product form, and region, and has come up with a comprehensive research report entitled, “Growth Opportunities for the Global Hot Melt Adhesives Market 2017-2022: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a springboard for growth strategy, as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global hot melt adhesives market by application type, polymer type, product form, and region, as follows:
By application type [Volume (Million Pounds) and $ Billion Shipment from 2011 to 2022]:
- Disposable hygiene products
- Pressure sensitive adhesives
By polymer type [Volume (Million Pounds) and $ Billion Shipment from 2011 to 2022]:
- Ethylene vinyl acetate
- Styrene block copolymers
By product form [$ Billion Shipment 2016]:
- Glue Sticks
By region [Volume (Million Pounds) and $ Billion Shipment from 2011 to 2022]:
- North America
- United States
- United Kingdom
- Asia Pacific
- South Korea
- The Rest of the World
This 129-page research report will enable you to make confident business decisions in this globally competitive marketplace.
For more information:Make an Inquiry about this report HERE!