Albany, NY -- (SBWIRE) -- 06/03/2016 -- Amorphous polyalphaolefin (APAO) for hot melt (homopolymers and copolymers) adhesives are one of the recently introduced raw materials commonly used in the production of adhesives. APAO hot melt adhesives are primarily employed in personal hygiene products, woodworking, paper and packaging, product assembly, and many others. Until the 19th century, APAO was obtained as a byproduct of a mixture of isotactic polypropylene iPP. After the introduction of the Z-N catalyst, commercial production of amorphous polyalphaolefin started taking place by polymerization of ethylene and propylene in the presence of a Z-N catalyst.

The global amorphous polyalphaolefin for hot melt market is segmented on the basis of products, applications, and geography. The increase in the use of APAO for making different adhesives and formulations is expected to develop the global amorphous polyalphaolefin for hot melt market during the period from 2015 to 2023.

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The overview section of the report provides a detailed study of drivers, restraints, competitive analysis, leading players, developments, new project investment, different applications, and emerging trends in the global amorphous polyalphaolefin for hot melt market. The report also features other details of the global amorphous polyalphaolefin for hot melt market such as technical advancements and profiles of leading players. Porter's five forces model is used by the analysts to better understand the competitive landscape of the global amorphous polyalphaolefin for hot melt market.

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The global amorphous polyalphaolefin for hot melt market was valued at US$192.1 mn in 2014 and is expected to be valued at US$328.6 mn by 2023. With the growing use of APAO for manufacturing adhesives, the global amorphous polyalphaolefin for hot melt market is expected to log a 6.20% CAGR by 2023.

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Based on applications, the global amorphous polyalphaolefin for hot melt market is classified into paper and packaging, personal hygiene, bookbinding, woodworking, product assembly, and others. The application segment is analyzed on the basis of historical, present, and future trends. The paper and packaging sector dominated the global amorphous polyalphaolefin for hot melt market in 2014, followed by the personal care sector. On the basis of geography, the global amorphous polyalphaolefin for hot melt market is segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. The product segment of the global amorphous polyalphaolefin for hot melt market is divided into copolymers and homopolymers. In terms of volume, the copolymers sector dominated the global amorphous polyalphaolefin for hot melt market in 2014.

Instability in feedstock prices is expected to affect raw material supply, which could threaten the growth of the global amorphous polyalphaolefin for hot melt market during the forecast period. However, the development of amorphous polyalphaolefin with resins, tackifiers, and wax is expected to create new opportunities for the amorphous polyalphaolefin market.

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Companies mentioned in the research report

The global amorphous polyalphaolefin for hot melt market is consolidated in nature as the top five leading players collectively hold a 60% share of the market. Some of the prominent companies in the global amorphous polyalphaolefin (APAO) market are Eastman Chemical Company, H.B. Fuller, Bostik S.A., REXtac LLC, Liaoyang Liaohua Qida Chemicals Co., Ltd., Huntsman Corporation, Henkel AG & Company KGaA (Henkel), Evonik Industries AG, and Evans Adhesive Corporation, Ltd.

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