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Market Research Report

Asia-Pacific Hot-melt Adhesives Market - Growth, Trends, and Forecast (2019 - 2024)

Published by Mordor Intelligence LLP Product code 354516
Published Content info 120 Pages
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Asia-Pacific Hot-melt Adhesives Market - Growth, Trends, and Forecast (2019 - 2024)
Published: March 1, 2019 Content info: 120 Pages
Description

Market Overview

The market for Asia-Pacific hot-melt adhesives is expected to register a CAGR of 6.55%, during the forecast period of 2019-2024. One of the major factors driving the market studied is the increasing demand from the automotive and packaging industries. Volatility in the availability and price of raw material are expected to hinder the growth of the market studied.

The paper, board, and packaging industry dominated the market in 2017, and is expected to continue its dominance during the forecast period, owing to the increasing production of tapes and labels.

The adoption of bio-based hot-melt adhesives is likely to act as an opportunity in the future.

China dominated the market across the region, followed by Japan and India.

Key Market Trends

Demand from the Healthcare Industry to Expand at a Lucrative Rate

Hot-melt adhesives are used on decorative laminates, respirators, surgical drapes, and wheelchair cushion assembly, to join surfaces and create effective bonds that maintain flexibility after bonding, in the healthcare industry.

Pressure-sensitive hot-melt adhesives are used on electrodes, first-aid dressing, toupee tapes, wound dressing, surgical drapes, monitor faceplates, micro plate cover tapes, insulin pump attachment, and ostomy appliances. These can also be used in a variety of sanitary products, like baby diapers, sanitary diapers, pet sheets, etc. Moreover, they are used as assembly and slip protection tapes in hygiene products.

Growing health awareness among people and changing lifestyles have increased the demand for hygiene products. Corporate advertising and various governmental education campaigns have increased the public awareness about various healthcare products, and this has, in turn, resulted in the market growth .

The Asia-Pacific healthcare industry is growing, due to the rise in aging population, increase in new diseases, awareness about health issues, and increasing income levels of individuals. This growth in demand for healthcare products is, in turn, driving the demand for hot-melt adhesives.

The aforementioned factors from the healthcare sector are expected to increase the demand for hot-melt adhesives, during the forecast period.

China to Dominate the Market

China is home to more than half of the world's manufacturing capacity for electronics. More than half of the world's mobile phones are made in China, along with almost all of the printed circuit boards. Chinese factories install two-fifths of the world's semiconductors. Electronic products, such as smartphones, OLED TVs, tablets, etc., have the highest growth in the consumer electronics segment market. With increase in the disposable incomes of the middle-class population, the demand for electronic products is projected to grow in the near future, thereby driving the hot-melt adhesives market in the country. The demand for hot-melt adhesives from the automotive sector is growing at a high rate. The Chinese automotive manufacturing industry is the largest in the world. The automotive industry is growing rapidly, owing to the increasing automobile production (production increasing at a YoY of 2.36%, over 2017) and sales (sales increasing at a YoY of 3.08%, over 2017). Such factors, in turn, are likely to have a positive impact on the market studied.

Competitive Landscape

The Asia-Pacific hot-melt adhesives market is highly concentrated, with top 10 players accounting for approximately 60% of the market share, in 2017. DowDuPont Inc., 3M Company, Sika AG, Henkel AG & Co. KGaA, and Arkema Group (Bostik SA) are the key companies in the Asia-Pacific hot-melt adhesives market .

Reasons to Purchase this report:

  • The market estimate (ME) sheet in Excel format
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  • 3 months of analyst support
Table of Contents
Product Code: 47806

Table of Contents

1 INTRODUCTION

  • 1.1 Study Deliverables
  • 1.2 Study Assumptions
  • 1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

  • 4.1 Drivers
    • 4.1.1 Increasing Demand from the Automotive and Packaging Industries
    • 4.1.2 Rising Environmental Concerns Regarding Solvent-borne Adhesives
  • 4.2 Restraints
    • 4.2.1 Volatility in the Availability and Price of Raw Material
  • 4.3 Industry Value Chain Analysis
  • 4.4 Porters Five Forces Analysis
    • 4.4.1 Bargaining Power of Suppliers
    • 4.4.2 Bargaining Power of Consumers
    • 4.4.3 Threat of New Entrants
    • 4.4.4 Threat of Substitute Products and Services
    • 4.4.5 Degree of Competition

5 MARKET SEGMENTATION

  • 5.1 Resin Type
    • 5.1.1 Thermoplastic Polyurethane
    • 5.1.2 Ethylene Vinyl Acetate
    • 5.1.3 Styrenic-butadiene Copolymers
    • 5.1.4 Polyolefins
    • 5.1.5 Polyamide
    • 5.1.6 Other Resin Types
  • 5.2 End-user Industry
    • 5.2.1 Building and Construction
    • 5.2.2 Paper, Board, and Packaging
    • 5.2.3 Woodworking and Joinery
    • 5.2.4 Transportation
    • 5.2.5 Footwear and Leather
    • 5.2.6 Healthcare
    • 5.2.7 Electronics
    • 5.2.8 Other End-user Industries
  • 5.3 Geography
    • 5.3.1 China
    • 5.3.2 India
    • 5.3.3 Japan
    • 5.3.4 South Korea
    • 5.3.5 ASEAN Countries
    • 5.3.6 Rest of Asia-Pacific

6 COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Market Share Analysis**
  • 6.3 Strategies Adopted by Leading Players
  • 6.4 Company Profiles
    • 6.4.1 3M
    • 6.4.2 Alfa International Corporation
    • 6.4.3 Arkema Group (Bostik SA)
    • 6.4.4 Ashland Inc.
    • 6.4.5 Avery Dennison Corp.
    • 6.4.6 Sika AG
    • 6.4.7 DowDuPont
    • 6.4.8 Dymax
    • 6.4.9 AICA ASIA Pacific Holding Pte Ltd
    • 6.4.10 H.B. Fuller Co.
    • 6.4.11 Henkel AG & Co. KGaA
    • 6.4.12 Hexcel Corporation
    • 6.4.13 Yokohama Industries Americas Inc.
    • 6.4.14 Huntsman Corporation
    • 6.4.15 Jowat SE
    • 6.4.16 Mactac
    • 6.4.17 Mapei Spa
    • 6.4.18 Paramelt BV
    • 6.4.19 Pidilite Industries Ltd
    • 6.4.20 LORD Corporation

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 Adoption of Bio-based Hot-melt Adhesives
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