Product Innovation Drives Demand for Hot Melt Adhesives, According to New Report by Global Industry Analysts, Inc.
GIA announces the release of a comprehensive global report on Hot Melt Adhesives markets. Global market for Hot Melt Adhesives is projected to reach US$10.2 billion by 2020, driven by product innovations such as development of new generation of packaging hotmelts with superior hot melt adhesive (HMA) properties, and emerging new applications in automotive and electronics sectors.
San Jose, California (PRWEB) April 21, 2014
Follow us on LinkedIn – Considered amongst the premier emergent adhesives in the industry, the usage of hot melt adhesives continues to grow driven by their exclusive properties such as adhesion to a broad assortment of surfaces, effortless use, aging features and strength, among others. Of late, these products have been finding increasing usage in newer applications across sectors such as aerospace, nonwovens, transportation, automotive and electronics among others. Demand is also gaining traction in the automotive industry due to the ability of hot melt adhesives to bond with engineered plastics, ceramics and other types of composites. Electronics represents another major emerging end-use sector where the miniaturization trend and the ensuing use of lightweight engineered plastics, is opening up new application possibilities for hot melt adhesives.
Despite growing demand, the market faces challenges in the form of rising prices and tight supply of raw materials. While the constrained supply situation is offering challenges to adhesive producers to secure reliable sources of supply, the high cost of feedstock is exerting pressure on profit margins, forcing them to implement price increases. Nevertheless, high demand for elastic and stretch adhesives has been shifting the onus on polyolefin-based adhesives, which are not only capable of lowering manufacturing costs but also aid in curbing maintenance issues. These adhesives, which are widely used in packaging and hygiene products sectors, are forecast to make inroads into newer applications in the near term.
As stated by the new market research report on Hot Melt Adhesives, Asia-Pacific represents the largest as well as the fastest growing market, followed by the United States and Europe. India and China represent the growth engines in Asia-Pacific supported by aggressive investments by global majors. In Latin America, Brazil and Argentina are emerging as promising markets for adhesives and sealants. Globally, packaging represents the largest end-use segment.
Major players covered in the report include 3M, Alfa International Corporation, Ashland Inc., Avery Dennison Corporation, Beardow & Adams (Adhesives) Limited, Bemis Associates, Inc., Bostik Inc., Costchem srl, Dow Automotive Systems, Dow Corning Corporation, Evans Adhesive Corporation Ltd., H.B. Fuller Company, Henkel AG & Co. KGaA, Hexcel Corporation, Huntsman Corporation, Jowat Corporation, Tex Year Industries Inc., and Worthen Industries Inc., among others.
The research report titled “Hot Melt Adhesives: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, drivers, challenges, mergers, acquisitions and other strategic industry activities of major companies worldwide. The report provides market estimates and projections for all major geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Latin America (Brazil and Rest of Latin America) and Rest of World. Key end-use applications analyzed for hot melt adhesives include Packaging, Non-Rigid Bonding, Woodworking and Other end-use applications.
For more details about this comprehensive market research report, please visit – http://www.strategyr.com/Hot_Melt_Adhesives_Market_Report.asp.
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1500+ full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
Global Industry Analysts, Inc.
Web Site: http://www.StrategyR.com/
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