ALBANY, New York, August 31, 2015 /PRNewswire/ --
Transparency Market Research has published a new report titled "Amorphous Polyalphaolefin (APAO) for Hot Melt Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015 - 2023." According to the report, the global amorphous polyalphaolefin (APAO) for hot melt market was valued at US$ 192.1 Mn in 2014 and is anticipated to reach US$ 328.6 Mn by 2023, expanding at a CAGR of 6.2% between 2015 and 2023.
Amorphous polyalphaolefin (APAO) for hot melt is an olefin-based thermoplastic polymer. It has characteristic properties that offer resistance to corrosion and moisture, chemical inertness, and resistance to UV rays. APAO is booming as the new class of raw materials used in the formulation of hot melt adhesives in addition to ethylene vinyl acetate (EVA) and styrene-butadiene copolymers (SBC). Growth in the automotive industry is providing significant growth opportunities to the APAO for hot melt adhesives market. Product assembly application in the automotive industry has been a major revenue generator as these adhesives are used in panel laminations, trim, hotline fixing of car seats, and headlamp assemblies in the automotive industry. Volatility in feedstock prices has led to fluctuation in supply of raw materials. This acts as one of the major restraints in the market. Blending of APAO with tackifiers, resins, and wax provides lucrative opportunities to improve hot melt properties and process abilities of APAO-based hot melt adhesives.
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In terms of volume, copolymers was the largest product segment of the global APAO for hot melt market in 2014. This segment is expected to witness significant growth during the forecast period due to its high impact strength. The polypropylene-based homopolymers segment is projected to expand at a healthy growth rate; however, the growth rate is likely to be lower than the global average growth rate.
Paper & packaging was the largest application segment of the global APAO for hot melt market in 2014. The segment is expected to continue its dominance during the forecast period. Bookbinding held a share of nearly 5% of the global APAO for hot melt market in 2014. APAO is used in hot melt adhesives for gluing the spine and side of books. The others segment is anticipated to witness marginally high growth rate as compared to average growth rate of global APAO for hot melt market. Polyolefin-based hot melt adhesives of both filler and non-filler types are largely used in woodworking applications for edge banding and profile wrapping. This segment is expected to exhibit below-average growth rate in the global APAO for hot melt market from 2015 to 2023.
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The global APAO for hot melt is consolidated in nature. The top five players accounted for more than 60% of the global APAO for hot melt market in 2014. Key players in the APAO for hot melt market include Henkel AG & Company KGaA, Evonik Industries AG, H.B. Fuller, Eastman Chemical Company, REXtac, LLC, Huntsman Corporation, and Bostik S.A.
This report segments the global APAO for hot melt market as follows:
Amorphous Polyalphaolefin (APAO) for Hot Melt Market - Product Segment Analysis
Amorphous Polyalphaolefin (APAO) for Hot Melt Market - Application Analysis
- Paper & packaging
- Personal hygiene
- Product assembly
- Others (Including textiles, footwear, electronics, asphalt modifiers, wires & cables, electronics, etc.)
Amorphous Polyalphaolefin (APAO) for Hot Melt Market - Regional Analysis
- Rest of North America
- Rest of Europe
- Rest of Asia Pacific
- Rest of Latin America
Middle East & Africa (MEA)
- South Africa
- Rest of Middle East & Africa
Other Reports by Transparency Market Research:
- Sodium Hydrosulfite Market: http://www.transparencymarketresearch.com/sodium-hydrosulfite-market.html
- Polypropylene Resins And Elastomers Market: http://www.transparencymarketresearch.com/polypropylene-resins-elastomers.html
- Butadiene (Synthetic and Bio-based) Market: http://www.transparencymarketresearch.com/synthetic-and-bio-based-butadiene-market.html
- Isononyl Acrylate Market: http://www.transparencymarketresearch.com/isononyl-acrylate-market.html
Browse All Other Chemical & Materials Market Research Reports: http://www.transparencymarketresearch.com/chemical-market-reports-2.html
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