Global Hot Melt Adhesive Market - Projected to Be Worth $9.64 Billion by 2020

Jan 27, 2016, 08:10 ET from Research and Markets

DUBLIN, Jan. 27, 2016 /PRNewswire/ --

Research and Markets (http://www.researchandmarkets.com/research/btvrrb/hot_melt) has announced the addition of the "Hot Melt Adhesives Market - Global Trends & Forecast to 2020" report to their offering.

The global hot melt adhesive market size, in terms of value, is projected to reach USD 9.64 Billion by 2020, at a CAGR of 5.73% between 2015 and 2020.

The high-growth application areas such as construction, packaging and labeling, woodworking, transportation, footwear, automotive, and continuous new product launch and expansion activities undertaken by companies are key factors driving the growth of the global market.

Currently, Asia-Pacific is the largest market for hot melt adhesives, accounting for more than half of the global market size, by value, in 2014. Among all the countries, China dominates the hot melt adhesive market in 2014, followed by Japan. India is the fastest-growing market globally and is expected to surpass China in the near future.

High economic growth rate, growing demand for applications (such as packaging, non-woven/disposables, pressure sensitive tapes & labels, construction & furniture, and others), cheap labor, and competitive manufacturing costs are the main factors leading to the growth of the market for hot melt adhesives in the region.

Though the hot melt adhesive market is growing at a significant growth rate, few factors hinder the growth of the market globally. Volatility of raw material prices and fluctuations in economic cycles are restricting growth in the hot melt adhesives market.

The rapidly increasing demand for hot melt adhesives in its highly growing end-use industries is driving the hot melt adhesives market. In most of the industries, it is used as a binder, emulsifier, stabilizer, thickener, film former, adhesion promoter, and so on.

Companies Mentioned:

  • American Chemical Inc.
  • Ashland Inc.
  • Avery Dennison Corporation
  • Beardow & Adams (Adhesives) Ltd.
  • Bostik Inc.
  • Costchem SRL
  • DOW Corning Corporation
  • Dynea OY
  • Evans Adhesive Corporation Ltd.
  • H. B. Fuller Company
  • Henkel AG
  • Hexcel Corporation
  • Huntsman Corporation
  • Jowat AG
  • Sika AG
  • The 3M Company
  • Toyobo Co. Ltd
  • Wisdom Adhesives
  • Worthen Industries, Inc.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 Hot Melt Adhesive Market, By Product Type

8 HMAS Market, By Application

9 Hot Melt Adhesive Market, By Region

10 Competitive Landscape

11 Company Profiles

For more information visit http://www.researchandmarkets.com/research/btvrrb/hot_melt

Media Contact:

Laura Wood, +353-1-481-1716, press@researchandmarkets.net

 

SOURCE Research and Markets



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