Market Research Report
Global Hot Melt Adhesives Market - 2019-2026
|Published by||DataM Intelligence||Product code||787164|
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|Global Hot Melt Adhesives Market - 2019-2026|
|Published: October 1, 2019||Content info:||
Hot melt adhesive (HMA), also known as hot glue, it is a form of thermoplastic adhesive that is commonly sold as solid cylindrical sticks of various diameters designed to be applied using a hot glue gun. Hot melt adhesives are generally 100% solids formulations based on thermoplastic polymers.
Hot-melt adhesives are of three main components such as high-molecular-weight polymer that provides the adhesives' main structure and mechanical properties, a resin/tackifier that provides wetting and adhesion properties, and a plasticizer (or wax) that controls viscosity. The material type used for hot melt adhesives are ethylene-vinyl acetates, polyurethanes, polyamides, polyesters, and various block co-polymers.
Global hot melt adhesive market is expected to grow at a CAGR of XX% to reach market value of USD XXXX million by 2025. Hot melt adhesive has growing market for packaging industry with increase in demand for packaged food.
Hot melt adhesives reduces or eliminate Volatile organic compounds, and the drying or curing step is eliminated which is boosting the market for global hot melt adhesives.
Hot melt adhesives have long shelf life and usually can be disposed of without special precautions, these attributes are driving the global hot melt adhesives market.
Hot melt adhesives are sensitive to higher temperatures, and loss of bond strength at higher temperatures, up to complete melting of the adhesive. This can be a major restraint for global hot melt adhesives market.
Hot melt adhesives are costly as compare to other adhesives which can be a major restraint for global hot melt adhesives market.
Ethylene-vinyl acetate works well with paper and cellulosic materials and has wide range of formulation. It set quickly and offer strong resistance properties and operates in a moderate range of temperatures. These are used in the packaging, converting, paper, automotive, and assembly industries, and are generally more affordable kind of hot melt adhesive.
Polyolefin are made with a catalyzed metallocene base, has excellent adhesive and faster set speed. It is extremely resistant and serves at vast range of temperatures. These are used in the packaging, converting, and assembly industries, but are limited in their range of available formulations, they are generally expensive, but more economical on a per-use basis.
The hot melt adhesives are used in furniture, packaging, textile, automotive and other industries. The adhesive is applied by extruding, rolling, or spraying and joining is carried out immediately after application or after reheating the solidified layer.
The South Korean hot-melt adhesives market will boost due to the 2018 Winter Olympic Games in the Pyeongchang, Gangwon province, as the government invested USD 10.8 billion for the construction of new stadiums and other associated infrastructure.
Countries such as China, India, Japan, Malaysia, Vietnam, and Indonesia are touted to experience brisk growth owing to rapid end-use industrial growth.
The increase in launches and acquisition is driving the Global hot melt adhesive market. Companies are introducing new products to be competitive in the market.
In September 2017, H.B. Fuller Company announced the agreement to purchase Royal Adhesives & Sealants, by USD 1.575 billion to create significant shareholder value while enhancing 2020 plan.
Beardow Adams Inc., has launched new product Prodas 2278 in July 2018, it is a versatile hot-melt adhesive, offers improved performance, high heat resistance and multiple application options.
Key market segments covered
BY PRODUCT TYPE
BY MATERIAL TYPE
BY APPLICATION TYPE