New York, NY -- (SBWIRE) -- 06/27/2019 -- Drum Melters Market: Introduction
Drum Melters are used to melt and deliver large volumes of PUR or POR, hot melt adhesives, sealants and butylene. Drum melters find a variety of applications in paper converting, filter, textile, packaging, automotive, electrical & electronics industries, to name a few. Drum melters are generally used in industries where large volumes of hot melt adhesives are required. Increasing demand for sealants & adhesives across end-use verticals is expected to create high demand for efficient drum melters during the forecast period. The global drum melters market is expected to witness healthy growth in the long term. The growth of the market is being backed by rapid industrial growth and growth of the construction industry.
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Drum Melters Market: Dynamics
Growing middle class population, increasing disposable income and positive economic outlook across emerging markets will create significant growth opportunities for market participants in the drum melters market. Further, growing automotive production and sales, particularly in developing countries, such as China, ASEAN, India and Mexico, is considered to be a key driving factor for increasing demand for sealants and adhesives. This, in turn, will augment the demand for drum melters during the forecast period. Moreover, increasing demand for adhesives and sealants from end-use industries, such as packaging, hygiene and assembly, is another driving factor for the growth of the drum melters market during the forecast period. Owing to volatile organic contents in adhesives and sealants, the industry has to comply with stringent environmental regulations. This, in turn, may negativeky affect the drum melters market during the forecast period. The global drum melters market is characterized by innovations and research & development activities. Key players are focusing on creating strong relationships with customers to support their competitive position in the global drum melters market. Market participants across drum melters market are designing and developing products with improved productivity and overall operation optimization to gain technological advantage in the market and hence, are increasing share in the global drum melters market universe.
Drum Melters Market: Segmentation
On the basis of Drum Capacity, the global Drum Melters market can be segmented into:
Less than 20 Liter
20 liter – 50 liter
More than 50 Liter
On the basis of application, the global Drum Melters market can be segmented into:
Adhesive melters
Sealant melters
Others (such as butylene, etc.)
Drum Melters Market: Regional Overview
North America, followed by Europe, is expected to hold significant share in the global drum melters market. The North America drum melters market is expected to register steady growth during the forecast period owing to increasing demand for adhesives and sealants from construction and automotive industries. The Asia Pacific drum melters market is anticipated to outpace other regional markets, in terms of growth. The strong growth of the drum melters market in the Asia Pacific region can be attributed to increasing demand for adhesives and sealants in China, India and ASEAN countries. Moreover, government-led initiatives in countries, such as India and ASEAN countries, will support the domestic manufacturing sector and attract foreign direct investments, which is anticipated to create robust growth opportunities for the growth of the market participants during the forecast period. Since the past couple of years, the European drum melters market has been witnessing relatively low growth against the backdrop of challenging economic conditions. However, by the end of 2017, the region was witnessing recovery in economic outlook and the same trend is expected to follow during the forecast period, which in turn, will reinforce the confidence among manufacturers. This is expected to create steady growth outlook for the drum melters market in the region during the forecast period. Regions, such as Latin America and Middle East & Africa, are projected to be low volume moderate growth regions in the global drum melters market.
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Drum Melters Market: Market Participants
Examples of some of the market participants identified across the value chain of the global Drum Melters market are:
HIP-MITSU
Bühnen GmbH & Co. KG
Illinois Tool Works
SM Klebetechnik Vertriebs-GmbH
APRO Technologie GmbH
Delta Wye Electronics SRL
Beeco