The Global Hot Melt Adhesive (HMA) Market accounted for USD 6.50 billion in 2016 and is projected to grow at a CAGR of 6.7% during the forecast period of 2017 to 2024.
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Global Hot Melt Adhesive (HMA) Market, By Resin Type (Ethylene Vinyl Acetate, Styrenic Block Copolymers, Metallocene Polyolefin, Amorphous Polyalphaolefins, Polyolefins, Polyamides, Polyurethane, Others); By Application (Packaging Solutions, Nonwoven Hygiene Products, Furniture & Woodwork, Bookbinding, Others) – Industry Trends and Forecast to 2024
Major Market Drivers:
- Extensive range of applications
- Increasing demand for eco-friendly adhesives
- Increasing demand for the pressure sensitives industries that use HMAs
- Volatility in the raw material prices
- Loss of bond strength at high temperature
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Definition of Global Hot Melt Adhesive (HMA) Market:
Hot melt adhesives (HMA) commonly referred to as hot glue, do not contain solvents or water and have a fast setting speed. Hot melt adhesives consist of three main components; high molecular weight polymer, tackifier and plasticizer.
Hot melt adhesives are used in several industries such as packaging solutions, non-woven hygiene products, book binding and furniture.
The Global Hot Melt Adhesive (HMA) Market report consists of below pages:
- No of pages: 350
- No of Figures: 60
- No of Tables: 220
The hot melt adhesive (HMA) market report is segmented on the basis of resin type into ethylene vinyl acetate (EVA), styrenic block copolymers (SBC), metallocene polyolefin (MPO), amorphous polyalphaolefins (APAO), polyolefins, polyamides, polyurethane (PU), others.
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Chemical purging is expected to grow at the highest CAGR over the forecast period.
On the basis of application, the market is segmented into packaging solutions, nonwoven hygiene products, furniture & woodwork, bookbinding, others. Packaging solutions are further segmented into corrugated boxes and trays, carton and side-seam closures, non-pressure sensitive labels and marking systems, flexible packaging, and others.
Nonwoven hygiene products are further segmented into baby diapers, nappies, and pants, adult incontinence, and feminine care. Furniture and woodwork are further segmented into woodworking, and structural and non-structural wood products.
Book binding are further segmented into spine binding, and cover page and edge bonding. Others are further segmented into automotive & transport, consumer, footwear and electronics.
On the basis of geography, the hot melt adhesives (HMA) market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
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The global hot melt adhesive (HMA) market is highly fragmented with the presence of a large number of players across different regions. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
Major Market Competitors:
Some of the major players in the hot melt adhesive (HMA) market include 3M Company, Arkema Group, Avery Dennison Corporation, Beardow & Adams (Adhesives) Ltd., DOW Corning Corporation, HB Fuller Company, Henkel AG & Co. KGaA, Jowat Se, Sika AG, Tex Year Industries Inc., Adhesive Direct UK, Adtek Malaysia SDN BHD, Buhnen GmbH & Co. Kg, Cherng Tay Technology Co., Ltd., Costchem SRL, Daubert Chemical Company, Evans Adhesive Corporation, Ltd., Evonik Industries AG, Helmitin Adhesives, Klebchemie GmbH & Co. Kg, KMS Adhesives Ltd., Sanyhot Adhesivos S.A., Sealock Ltd., Toyobo Co., Ltd., Worthen Industries and many more.
Research Methodology of Hot Melt Adhesive (HMA) Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models.
Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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