Global Hot Melt Adhesives Market is Expected to Reach Around USD 7.70 Billion in 2020
Deerfield Beach, FL -- (SBWIRE) -- 02/01/2016 -- Zion Research has published a new report titled "Hot Melt Adhesives Market(EVA, Styrenics Block Copolymers, Polyolefin, Polyurethane and Polyamide) for Packaging, Disposables, Pressure Sensitive, and Other Applications: Global Industry Perspective, Comprehensive Analysis and Forecast 2014 – 2020." According to the report, global demand for hot melt adhesives was valued at approximately USD 6 billion in 2014 and is expected to reach USD 7.5 billion in 2020, growing at a CAGR of around 6% between 2015 and 2020. In terms of volume, the global hot melt adhesives market stood at around 1,500 kilo tons in 2014.
The hot melt adhesives are thermoplastic adhesive. This adhesive can melt and flow when heated and become rigid on cooling for providing the sturdy adhesion to the surface. They are commonly known as hot glue. Generally, available in the solid cylindrical sticks having various diameters. They are designed to be melted in an electric hot glue gun. The major driving factor for hot melt adhesives market across the globe is low price and potential to be used as a substitute for the other adhesives.
Browse the full "Hot Melt Adhesives (EVA, Styrenics Block Copolymers, Polyolefin, Polyurethane and Polyamide) Market for Packaging, Disposables, Pressure Sensitive, and Other Applications: Global Industry Perspective, Comprehensive Analysis and Forecast 2014–2020" report at http://www.marketresearchstore.com/report/hot-melt-adhesives-market-z37211
The global hot melt adhesives market has been segmented based on product that includes EVA, styrenics block copolymers, polyolefin, polyurethane, polyamide and others. In 2014, EVA was the largest product segment in terms of volume and accounted over 50% of the total shares of the global hot melt adhesives market. Styrenics block copolymers was the second largest product segment driving the market growth for the estimated forecast period. Moreover, increasing demand for polyolefin and polyurethane product segment is also anticipated to further boost the market growth in the year to come.
The global hot melt adhesives market has been segmented based on application that includes packaging, non-woven, pressure sensitive, construction, bookbinding and other applications. The packaging industry was the largest application segment globally and is expected to dominate the demand for hot melt adhesives during forecasted period. Packaging industry accounted around over 33% of the total shares of the global hot melt adhesives market in 2014.
Asia Pacific was leading region for the hot melt adhesives market and accounted around 35% share of the total volume consumed in 2014. Asia-Pacific is also expected to be one of the fastest growing regions due to the growing demand from emerging economies in the region such as China and India. Increasing industrial activities in fields of electronics, energy, transportation, building & construction and industrial in China and India are expected to boost hot melt adhesives market in the region.
To get sample report visit at http://www.marketresearchstore.com/report/hot-melt-adhesives-market-z37211#RequestSample
Key industry participants analyzed and profiled in this study includes, Henkel AG, The 3M Company, H.B. Fuller, Sika AG, Dow Corning Company, American Chemical Inc., Ashland Inc., Avery Dennison Corporation, Beardow Adams Ltd., Bostik smart adhesives, Nordson Corporation, Evans Adhesive Corporation Ltd, Hexcel Corporation, Huntsman Corporation, Jowat AG, Toyobo Co. Ltd, H E Wisdom & Sons Inc. and Worthen Industries, NH.
The global market has been segmented for products, applications and regions as below:
Hot Melt Adhesives Market – Product Segment Analysis
Styrenics Block Copolymers
Hot Melt Adhesives Market – Application Segment Analysis
Hot Melt Adhesives Market - Regional Segment Analysis
Middle East and Africa
About Zion Research
Zion Research is a market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Zion Research experienced team of Analysts, Researchers, and Consultants uses proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Each Zion Research syndicated research report covers a different sector — such as pharmaceuticals, chemical, energy, food and beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports strive to serve the overall research requirement of clients.
3422 SW 15 Street,Suit #8138
Deerfield Beach,Florida 33442
Toll Free: +1-855-465-4651 (USA-CANADA)