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The global hot melt adhesives market is growing at a significant CAGR of around 7.0% during the forecast period (2020-2026). Hot melt has been widely used in packaging industry since 1960's.
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Orion Market Research Hot Melt Adhesives Market, Size, Share, Analysis Report & Forecast to 2026 Request a Free Sample of our Hot Melt Adhesives Market: https://www.omrglobal.com/request- sample/hot-melt-adhesives-market Company Name: Orion Market Research Contact Person: Mr. Anurag Tiwari Email: info@omrglobal.com Contact no: +91 780-304-0404
The global hot melt adhesives market is projected to exhibit a significant growth, at a CAGR of around 7.0%, during the forecast period. Packaging industry have observed significant growth globally. Several factors are responsible for the growth such as growing pharmaceutical, FMCG, healthcare sector, food processing and manufacturing industry in the emerging economies such as China, India, and few other East European countries. Additionally, it has several applications in industrial sectors and became an essential everyday item, with its rising usage with the global economy. Moreover, opportunities for growth driven packaging industry owing to rising consumption of packaged as well as general growth across a range of consumer goods areas are widespread across the countries. A full Report of Hot Melt Adhesives Market is Available at: https://www.omrglobal.com/industry- reports/hot-melt-adhesives-market For instance, packaging is the 5th largest sector of India's economy and steady growth has been reported over past several years which show high potential for further expansion. Additionally, in India, cost of processing and packaging food is almost 40% lower than parts of Europe due to resources of skilled labour in country which make it an attractive venue for investment. Furthermore, higher potential is available for almost all user segments enhancing hard and soft drinks, appreciably-processed foods, fruit and marine products. Moreover, packaging industry in India has made a mark with its exports comprising printed sheets and components, flattened cans, crown cork, craft paper, lug caps, plastic film laminates, paper board and packaging machinery. Hot melt has been widely used in packaging & converting applications since 1960's. A number of benefits of using amorphous poly alpha olefins such as its greater adhesion than water-based adhesives have been driving its usage. Amorphous poly alpha olefins based hot melt adhesives are considered superior when compared to water-based adhesives due to its water resistance, shorter set time, and reduced in packaging lines or space. Hot melt adhesives are used to bind small detailed cartons to heavy duty wraparound cases. Additionally, they are considered ideal for binding all types of packaging due to the availability of variety of formulas which make them fit in every application. These adhesives have high heat resistance as well as there are several formulas that allow them to withstand temperatures as low as -40 degrees Celsius and humid environment. Request a Free Sample of our Hot Melt Adhesives Market: https://www.omrglobal.com/request- sample/hot-melt-adhesives-market Additionally, hot melt is considered as better choice when it comes to case sealing and erecting. These adhesives are considered cost effective when used in conjunction with hot melt systems running continuously. Furthermore, in case sealing and erecting with hot melt, the adhesive is applied to the flaps that creates a strong bond which enable the cases stay intact and sturdy during transit. Below is the summarized form of amorphous poly alpha olefins adhesives properties which makes them ideal for packaging industry and drives the hot melt adhesives market growth. Global Hot Melt Adhesives Market-Segmentation By Type • • Ethylene Vinyl Acetate (EVA) Styrenic Block Copolymers (SBC)
• • • • Amorphous Polyalphaolefins (APAO) Polyamide Polyvinyl Acetate Others (Metallocene Polyolefin (mPO) and Polyurethane) By Application • • • • • Packaging Solutions Furniture & Woodwork Nonwoven Hygiene Products Automotive Others (Electronics) Global Hot Melt Adhesives Market– Segment by Region North America • • United States Canada Europe • • • • • • Germany UK France Spain Italy Rest of Europe Asia-Pacific • • • • China Japan India Rest of Asia-Pacific Rest of the World Company Profiles •3M Co. •Adtek Consolidated Sdn. Bhd. •Arkema Group •Beardow Adams •Bond Tech Industries •Bühnen GmbH & Co. KG
•Cherng Tay Technology Co., Ltd. •Costchem S.r.l. •Daubert Chemical Co. •Dow Inc. •Evans Adhesive Corp. •Evonik Industries AG •H.B. Fuller Co. •Henkel AG & Co., KGaA •IFS Industries (DURAPRO) •Jowat SE •Multibond Corp. •Sika AG For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report- customization/hot-melt-adhesives-market About Orion Market Research Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research- based services. For More Information, Visit Orion Market Research Media Contact: Company Name: Orion Market Research Contact Person: Mr. Anurag Tiwari Email: info@omrglobal.com Contact no: +91 7803040404
