There were 529 press releases posted in the last 24 hours and 213,775 in the last 365 days.

Hot Melt Adhesives Market Size to Reach USD 9,702.2 Million by 2027; Rising Need for Technologically Advanced Products to Expedite Business, states Fortune Business Insights™

Top companies covered are Exxon Mobil Corporation (Texas, U.S.), Dow Inc. (Michigan, U.S.), 3M (Minnesota, U.S.), Henkel AG & Co. KGaA (Düsseldorf, Germany), MELER (Orkoien, Navarra), Sanyhot Adhesivos, S.A. (Tarragona, Spain), TEX YEAR INDUSTRIES INC. (New Taipei City, Taiwan), H.B. Fuller Company (Minnesota, U.S.), Arkema Group (Pennsylvania, U.S.), Sika AG (Baar, Switzerland), Bostik (Wisconsin, U.S.), Jowat SE (North Carolina, U.S.), AVERY DENNISON CORPORATION (California, U.S.), LyondellBasell Industries Holdings B.V. (Rotterdam, Netherlands), Embagrap SA (Barcelona, Spain), other key players profiled in hot melt adhesives market research report

/EIN News/ -- Pune, India, March 02, 2021 (GLOBE NEWSWIRE) -- The global hot melt adhesives market size is expected to reach USD 9,702.2 million by 2027, exhibiting a CAGR of 5.3% during the forecast period. The growing need for advanced products coupled with favorable government policies are factors expected to aid expansion of the global market, states Fortune Business Insights, in a report, titled Hot Melt Adhesives Market Size, Share & COVID-19 Impact Analysis, By Raw Material (Ethylene Vinyl Acetate (EVA), Polyolefin, Styrenic Block Copolymers (SBC), Polyurethane (PU), Polyester, and Others), By Application (Packaging, Assembly, Woodworking, Transportation, Building & Construction, Footwear & Leather, Nonwovens, Bookbinding, and Others), and Regional Forecast, 2020-2027.The market size stood at USD 6,745.2 million in 2019.

The catastrophe caused by coronavirus has disrupted the supply chain of every industry around the world. We understand that this health emergency has negatively impacted various sectors across the globe. Rising support from governments and several companies can help in the fight against this highly infectious virus. Some industries are struggling, and some are thriving. More or less, nearly every sector is estimated to be impacted by this pandemic.


The report on the hot melt adhesives market contains:

  • An all-inclusive study of the market
  • Vital market trends and drivers 
  • Emerging industry developments
  • Comprehensive data about eminent players
  • Competitive landscape


Get Sample PDF Brochure with Impact of COVID19:

https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/hot-melt-adhesives-market-101724


List of the Leading Companies Profiled in the Global Hot Melt Adhesives Market are:

  • Exxon Mobil Corporation (Texas, U.S.)
  • Dow Inc. (Michigan, U.S.)
  • 3M (Minnesota, U.S.)
  • Henkel AG & Co. KGaA (Düsseldorf, Germany)
  • MELER (Orkoien, Navarra)
  • Sanyhot Adhesivos, S.A. (Tarragona, Spain)
  • TEX YEAR INDUSTRIES INC. (New Taipei City, Taiwan)
  • H.B. Fuller Company (Minnesota, U.S.)
  • Arkema Group (Pennsylvania, U.S.)
  • Sika AG (Baar, Switzerland)
  • Bostik (Wisconsin, U.S.)
  • Jowat SE (North Carolina, U.S.)
  • AVERY DENNISON CORPORATION (California, U.S.)
  • LyondellBasell Industries Holdings B.V. (Rotterdam, Netherlands)
  • Embagrap SA (Barcelona, Spain)
  • Other Key Players


Key Market Driver:

Increasing Application of Hot Melt Adhesives to Enable Speedy Expansion

The increasing application of HMAs owing to its advantages such as high productivity induced by process automation, a wide variety of applicability, eco-friendliness, and re-adhesion possibility will have a tremendous impact on this market. The shift from solvent-based adhesive or water-based adhesive to hot-melt adhesive owing to its high-speed adhesion will spur demand in the forthcoming years. For instance, during solidification, HMAs do not lose thickness, whereas solvent-based hot melt adhesives can lose up to 50-70% of layer thickness during the drying process. Moreover, its high efficacy reduces the amount of material used, thereby resulting in low labor costs. The hot-melt adhesive exhibits significant advantages compared to conventional solvent-based adhesives that typically require evaporation and removal of solvents or polymerization to bind substrates together. Hence, the growing utilization of HMA in end-use industries will positively foster the market's healthy growth.


Inquire Before Buying This Research Report:

https://www.fortunebusinessinsights.com/enquiry/queries/hot-melt-adhesives-market-101724


Shortage of Workers to Retard Business Development amid Coronavirus

A temporary halt on operations has negatively impacted the global market. The automotive industry experienced a massive hit due to the disruption caused by the coronavirus. For instance, PSA, Renault, and Fiat Chrysler closed their production at their manufacturing plants. Renault halted manufacturing through 12 production sites affecting about 18,000 workers in France. Similarly, the construction industry was destructively impacted by the pandemic. However, high government spending on infrastructure and affordable housing for residents is expected to stabilize the hot melt adhesives market growth in the near future.


Competitive Landscape:

Capacity Expansion of Key Players to Boost Market

The global market is dominated by key players Henkel AG & Co. KGaA, 3M, H.B. Fuller Company, Bostik, Sika AG, Arkema Group, and Dow Inc. Prominent companies in the market are focused on expanding their production capacities to strengthen their position in the market. Moreover, key players accentuate on improving their distribution network to gain a competitive advantage in the market.


Regional Analysis:

Booming Construction Industry to Consolidate Market in Asia Pacific

The market size in Asia Pacific stood at USD 3,138.3 million in 2019. Asia Pacific is expected to dominate the global hot melt adhesives market share during the forecast period. The increasing use of hot melt adhesives in emerging economies such as India, Japan, and China will favor the market in the region. The furniture and building industries are expected to contribute significantly to the growth of the market. The heavy investment in infrastructure is likely to create lucrative opportunities for the market in Asia Pacific. The rapidly expanding packaging industry will spur demand for HMA, thus aiding the market growth in Asia Pacific.


Key Development:

August 2019: Henkel AG & Co. KGaA introduced WB and Mineral Oil-free Hot-melt PSAs at Labelexpo 2019. Henkel will provide a water-based pressure-sensitive adhesive solution with excellent wash-off characteristics through its new Aquence PS 3682.


Browse Detailed Summary of Research Report with TOC:

https://www.fortunebusinessinsights.com/industry-reports/hot-melt-adhesives-market-101724


Detailed Table of Content:

  • Introduction
    • Research Scope
    • Market Segmentation
    • Research Methodology
    • Definitions and Assumptions
  • Executive Summary
  • Market Dynamics
    • Market Drivers
    • Market Restraints
    • Market Opportunities
    • Emerging Trends
  • Key Insights
    • Key Emerging Trends – For Major Countries
    • Industry SWOT Analysis
    • Regulatory Analysis
    • Recent Industry Developments - Policies, Partnerships, New Raw Material  Launches, and Mergers & Acquisitions
  • Qualitative Insights – Impact of COVID-19 on Global Hot Melt Adhesives Market
    • Supply Chain Challenges
    • Steps taken by Government/Companies to overcome this impact
    • Potential opportunities due to COVID-19 outbreak
  • Global Hot Melt Adhesives Market Analysis, Insights and Forecast, 2016-2027
    • Key Findings / Summary
    • Market Size Estimates and Forecast 
      • By Raw Material (Volume/Value)
        • Ethylene Vinyl Acetate (EVA)
        • Polyolefin
        • Styrenic Block Copolymers (SBC)
        • Polyurethane (PU)
        • Polyester
        • Others
      • By Application (Volume/Value)
        • Packaging
        • Assembly
        • Woodworking
        • Transportation
        • Building & Construction
        • Footwear & Leather
        • Nonwovens
        • Bookbinding
        • Others
      • By Region (Volume/Value)
        • North America
        • Europe
        • Asia Pacific
        • Latin America
        • Middle East & Africa

TOC Continued…!


Speak to Our Expert:

https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/hot-melt-adhesives-market-101724


Have a Look at Related Research Insights:

Polyolefin Market Size, Share & Industry Analysis, By Type (Thermoplastic polyolefins, Polyolefin elastomers), By Application (Blow & injection Moulding, Packaging, Furniture & seating, Medical & Healthcare, Fiber & Fabrics, Others) Others and Regional Forecast, 2021-2028

Polyurethane Market Size, Share & Industry Analysis, By Product Type (Rigid Foam, Flexible Foam, Molded Foam, Elastomers, Adhesives & Sealants, Coatings, and Others), By Application (Furniture, Construction, Electronics, Automotive & Transportation, Packaging, Footwear, and Others), and Regional Forecast 2019-2026


About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.


Contact Us:

Fortune Business Insights™ Pvt. Ltd.

308, Supreme Headquarters,

Survey No. 36, Baner,

Pune-Bangalore Highway,

Pune - 411045, Maharashtra, India.

Phone:

US: +1 424 253 0390

UK: +44 2071 939123

APAC: +91 744 740 1245

Emailsales@fortunebusinessinsights.com

Fortune Business Insights™

LinkedIn | Twitter | Blogs


Primary Logo