Hot melt adhesives (HMA) commonly referred to as hot glue, do not contain solvents or water and have a fast setting speed. Hot melt adhesives consist of three main components; high molecular weight polymer, tackifier and plasticizer. Hot melt adhesives are used in several industries such as packaging solutions, non-woven hygiene products, book binding and furniture. As hot melt adhesives Industry set by the loss of heat, the temperature at which they are applied is critical. It must be liquid (molten) enough to wet out the substrates, and be hot enough for assembly before cooling. hot melt adhesives are uniquely designed materials that are ideal for a variety of applications where simplified processing, streamlined manufacturing and/or end-product protection are required. High bond strength, low application costs and processing safety are at the foundation of TECHNOMELT materials, which are widely used in markets
The Global Hot Melt Adhesive (HMA) Market accounted for USD 6.50 billion in 2016 and is projected to grow at a CAGR of 6.7% during the forecast by 2024. The upcoming market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast by 2024.
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Top Key Players Mentioned:
Some of the major players in the hot melt adhesive (HMA) market include 3M Company, Arkema Group, Avery Dennison Corporation, Beardow & Adams (Adhesives) Ltd., DOW Corning Corporation, HB Fuller Company, Henkel AG & Co. KGaA, Jowat Se, Sika AG, Tex Year Industries Inc., Adhesive Direct UK, Adtek Malaysia SDN BHD, Buhnen GmbH & Co. Kg, Cherng Tay Technology Co., Ltd., Costchem SRL, Daubert Chemical Company, Evans Adhesive Corporation, Ltd., Evonik Industries AG, Helmitin Adhesives, Klebchemie GmbH & Co. Kg, KMS Adhesives Ltd., Sanyhot Adhesivos S.A., Sealock Ltd., Toyobo Co., Ltd., Worthen Industries and many more.
The global hot melt adhesive (HMA) market is highly fragmented with the presence of a large number of players across different regions. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
Market Segmentation: Global Hot Melt Adhesive (HMA) Market
Global Hot Melt Adhesive (HMA) Market, By Resin Type (Ethylene Vinyl Acetate, Styrenic Block Copolymers, Metallocene Polyolefin, Amorphous Polyalphaolefins, Polyolefins, Polyamides, Polyurethane, Others); By Application (Packaging Solutions, Nonwoven Hygiene Products, Furniture & Woodwork, Bookbinding, Others) – Industry Trends and Forecast to 2024
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Major Market Drivers:
- Extensive range of applications
- Increasing demand for eco-friendly adhesives
- Increasing demand for the pressure sensitives industries that use HMAs
- Volatility in the raw material prices
- Loss of bond strength at high temperature
Major Topics Covered in this Report:
Chapter 1 Study Coverage
Chapter 2 Executive Summary
Chapter 3 Market Size by Manufacturers
Chapter 4 Production by Regions
Chapter 5 Consumption by Regions
Chapter 6 Market Size by Type
Chapter 7 Market Size by Application
Chapter 8 Manufacturers Profiles
Chapter 9 Production Forecasts
Chapter 10 Consumption Forecast
Chapter 11 Upstream, Industry Chain and Downstream Customers Analysis
Chapter 12 Opportunities & Challenges, Threat and Affecting Factors
Chapter 13 Key Findings
Chapter 14 Appendix
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Features mentioned in the report
- To get a comprehensive overview of the Global Hot Melt Adhesive (HMA) Market.
- To gain information about the top players in this industry, their product portfolios, and their key strategies.
- Key developments in the market
- Market volume
- CAGR value for the forecast period 2018-2025
Purview of the report
- To analyze the market size of the market and infer the key trends from it.
- Industry Chain Suppliers of Global Hot Melt Adhesive (HMA) Market with Contact Information
- To inspect the market based on product, market share and size of the product share.
- The various opportunities in the market.
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Global Hot Melt Adhesive (HMA) Market