Dublin, Aug. 20, 2018 (GLOBE NEWSWIRE) -- The "Hot Melt Adhesives Market by Product, by Application, by Geography - Global Market Size, Share, Development, Growth, and Demand Forecast, 2013 - 2023" report has been added to ResearchAndMarkets.com's offering. Global hot melt adhesives market is projected to reach $10,259.7 million by 2023, the market growth is mainly driven by the fast growing automotive and packaging industries. On the basis of product, the hot melt adhesives market is categorized into ethylene vinyl acetate (EVA), styrenic block copolymer (SBC), polyurethane (PU), polyamide (PA), amorphous polyalphaolefins (APAO), metallocene polyolefins (MPO), polyester, and others. Of these, the volume sales of PU are expected witness the highest growth, with 5.9% CAGR during the forecast period, driven by high demand for hot melt adhesives from the automobile industry along with the growing construction activities worldwide. Based on application, the hot melt adhesives market is segmented into packaging products, hygiene, furniture, footwear, textile, automobile, bookbinding, others. Among these, packaging products has been the leading category in the market, with more than 24% revenue contribution in 2017. Owing to the growing standard of living, the demand for packaged products is expected continue to remain high, which in turn will boost the market growth during the forecast period. Hot melt adhesives market is expected to witness fastest growth in APAC Asia-Pacific (APAC) is the fastest growing hot melt adhesives market. The market revenue in the region is expected to witness a CAGR of 6.7% during the forecast period. This is attributed to the increasing need of high-performance materials across various applications and industries such as automotive and electronics, in the region. The growing environmental concerns in the region are pushing the manufacturers to use eco-friendly products to deal with such issues. Hot melt adhesives can be easily disposed without special instructions or hazardous environmental effects. As hot melt adhesives provide eco-friendliness as well as long shelf life, it is gaining popularity in the region day by day, resulting in the hot melt adhesives market growth. Hot melt adhesives are considered ideal for various applications due to their superior properties of high speed manufacturing, large gap filling, bonding versatility, fast green strength (tensile strength), and minimal shrinkage. Along with that, they are very easy to store and do not require any special environment control and can also be applied in high humidity environments. All these factors are contributing to the growth of the APAC hot melt adhesives market. Increasing development of bio-based hot melt adhesives to offer immense growth opportunities in the market Due to the rising environmental concerns, companies are developing bio-based adhesives to replace the chemical-based ones. In order to enhance the sustainability efforts without compromising performance, companies are developing these bio-based hot melts. For example, DowDuPont Inc. has developed a new hot melt adhesive, MOR-AD, which offers benefits including improved water resistance, high flexibility, and good adhesion on a variety of substrates. Hence, it is expected to create ample opportunities for the industry players operating in the hot melt adhesives market. Key Topics Covered Chapter 1. Research Background 1.1 Research Objectives 1.2 Market Definition 1.3 Research Scope 1.3.1 Market Segmentation By Product 1.3.2 Market Segmentation By Application 1.3.3 Market Segmentation By Geography 1.3.4 Analysis Period 1.3.5 Market Data Reporting Unit 1.3.5.1 Value 1.3.5.2 Volume 1.4 Key Stakeholders Chapter 2. Research Methodology 2.1 Secondary Research 2.2 Primary Research 2.2.1 Breakdown Of Primary Research Respondents 2.2.1.1 By Region 2.2.1.2 By Industry Participant 2.2.1.3 By Company Type 2.3 Market Size Estimation 2.4 Data Triangulation 2.5 Assumptions For The Study Chapter 3. Executive Summary Chapter 4. Introduction 4.1 Definition Of Market Segments 4.1.1 By Product 4.1.1.1 Eva 4.1.1.2 Sbc 4.1.1.3 Pu 4.1.1.4 Pa 4.1.1.5 Apao 4.1.1.6 Mpo 4.1.1.7 Polyester 4.1.2 By Application 4.1.2.1 Packaging Products 4.1.2.2 Diapers 4.1.2.3 Furniture 4.1.2.4 Footwear 4.1.2.5 Textile 4.1.2.6 Automobile 4.1.2.7 Electronics 4.1.2.8 Bookbinding 4.1.2.9 Others 4.2 Value Chain Analysis 4.3 List Of Hm Psa Customers And The Product Consumption 4.4 Impact Of Hm Psa Demand On The Global Hot Melt Adhesives Market 4.5 Market Dynamics 4.5.1 Trends 4.5.1.1 Shift From Traditional To New Automotive Assembly Techniques 4.5.2 Drivers 4.5.2.1 Increased Spending Power In Emerging Economies 4.5.2.2 Rapid Expansion Of The Packaging Industry 4.5.2.3 Impact Analysis Of Drivers On Market Forecast 4.5.3 Restraints 4.5.3.1 Fluctuating Cost Of Raw Materials 4.5.3.2 Impact Analysis Of Restraints On Market Forecast 4.5.4 Opportunities 4.5.4.1 Bio-Based Adhesives And Sealants Chapter 5. Global Market Size And Forecast 5.1 By Product 5.2 By Application 5.3 By Region Chapter 6. North America Market Size And Forecast 6.1 By Product 6.2 By Application 6.3 By Country Chapter 7. Europe Market Size And Forecast 7.1 By Product 7.2 By Application 7.3 By Country Chapter 8. APAC Market Size And Forecast 8.1 By Product 8.2 By Application 8.3 By Country 8.3.1 China 8.3.1.1 By Application 8.3.2 Japan 8.3.2.1 By Application 8.3.3 India 8.3.3.1 By Application 8.3.4 South Korea 8.3.4.1 By Application 8.3.5 Taiwan 8.3.5.1 By Application 8.3.6 Indonesia 8.3.6.1 By Application 8.3.7 Thailand 8.3.7.1 By Application 8.3.8 Philippines 8.3.8.1 By Application 8.3.9 Malaysia 8.3.9.1 By Application 8.3.10 Vietnam 8.3.10.1 By Application 8.3.11 Australia 8.3.11.1 By Application 8.3.12 New Zealand 8.3.12.1 By Application 8.3.13 Rest Of Apac 8.3.13.1 By Application Chapter 9. RoW Market Size And Forecast 9.1 By Product 9.2 By Application 9.3 By Country Chapter 10. Competitive Landscape 10.1 Competitive Benchmarking Of Key Players 10.2 Global Strategic Developments Of Key Players 10.2.1 Mergers And Acquisitions 10.2.2 Others Chapter 11. Company Profiles 11.1 Henkel AG & Co. KGaA 11.1.1 Business Overview 11.1.2 Product And Service Offerings 11.1.3 Key Financial Summary 11.2 Jowat SE 11.2.1 Business Overview 11.2.2 Product And Service Offerings 11.3 Sika AG 11.3.1 Business Overview 11.3.2 Product And Service Offerings 11.3.3 Key Financial Summary 11.4 3M Company 11.4.1 Business Overview 11.4.2 Product And Service Offerings 11.4.3 Key Financial Summary 11.5 Avery Dennison Corporation 11.5.1 Business Overview 11.5.2 Product And Service Offerings 11.5.3 Key Financial Summary 11.6 H.B. Fuller Company 11.6.1 Business Overview 11.6.2 Product And Service Offerings 11.6.3 Key Financial Summary 11.7 Arkema Group 11.7.1 Business Overview 11.7.2 Product And Service Offerings 11.7.3 Key Financial Summary 11.8 Westlake Chemical Corporation 11.8.1 Business Overview 11.8.2 Product And Service Offerings 11.8.3 Key Financial Summary 11.9 Beardow & Adams (Adhesives) Limited 11.9.1 Business Overview 11.9.2 Product And Service Offerings 11.10 DowDuPont Inc. 11.10.1 Business Overview 11.10.2 Product And Service Offerings 11.10.3 Key Financial Summary For more information about this report visit https://www.researchandmarkets.com/research/h..._melt?w=12
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