Global Hot Melt Adhesives Market has a total market value of $5205.77 million as of 2014. The market is expected to reach $7177.94 million by 2020 with a CAGR of 5.5%. North America is the current world leader followed by Europe and Asia-Pacific. China is the largest consumer of hot melt adhesive products owing to greater demand from manufacturing industry.
North America is expected to maintain its dominance over the forecasted period. Europe will show an average growth whereas Asia-Pacific region is expected to witness highest growth in the coming future. Increase in the number of manufacturing units in the developing region such as India is expected to boost the Asian market.
The growth of packaging, non-woven, and pressure sensitive industries in China and India will drive the demand for hot melt adhesives market. Consumption of high VOC adhesives in China and India are low due to the absence of related government policies. Market players are keen to expand their product portfolio and offer it to consumers at competitive prices.
The major market players are focusing on R&D activities to innovate products under the regulations of EPA and REACH. Other development strategies opted by market players include signing agreements and collaborations to optimize their distribution chain in growing economies.
Hot melt adhesives are solvent-free, solid compounds that have negligible VOC (volatile organic compound) compared to solvent-based adhesives. These are used in a wide range of markets including Packaging, Non-Woven Application, Automotive, Footwear, Construction, Furniture and Bookbinding.
Major players in hot melt adhesives market are 3M Corporation, American Chemical Inc., Ashland Inc., Avery Dennison Corporation, Beardow Adams Ltd., Bostik smart adhesives, Dow Corning Corporation, Nordson Corporation, Evans Adhesive Corporation Ltd, H.B. Fuller, Henkel AG & Co., Hexcel Corporation, Huntsman Corporation, Jowat AG, Sika AG, Toyobo Co. Ltd, H E Wisdom & Sons Inc. and Worthen Industries, NH.
The growth is largely fueled by increasing applications, technological advancements, and growing demand in the developing countries such as China, India and Brazil. The constant push from regulatory authorities such as EPA (Environmental Protection Agency) and REACH (Registration, Evaluation, Authorization, and Restriction of Chemicals) will shift the use of solvent-borne adhesives to hot melt adhesives.
Volatility in raw material prices is a major challenge in the global hot melt adhesives market. Economic cycles in any end-user industry will affect the demand pattern for hot melt adhesives.
WHAT THE REPORT OFFERS
1) Market Definition along with identification of key drivers and restraints for the market.
2) Market analysis with region specific assessments and competition analysis on a global and regional scale.
3) Identification of factors instrumental in changing the market scenarios, rising prospective opportunities and identification of key companies which can influence the market on a global and regional scale.
4) Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market shares.
5) Identification and analysis of the Macro and Micro factors that affect the industry on both global and regional scale.
6) A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
Key points in table of content
1.2 Research Methodology
2. Executive Summary
3. Hot Melt Adhesives Market
3.2 Industry Value Chain Analysis
3.3 Industry Attractiveness – Porter’s 5 Force Analysis
3.3.1 Bargaining Power of Suppliers
3.3.2 Bargaining Power of Consumers
3.3.3 Threat of New Entrants
3.3.4 Threat of Substitute Products and Services
3.3.5 Degree of Competition
4. Market Dynamics
4.1.1 Vast Range of End-User Industries
4.1.2 Growing demand from developing countries
4.1.3 Substituting Other Adhesive Technologies
4.2.1 Volatility in raw material prices
4.2.2 Economic cycles
4.3.1 Innovative Product Development
4.3.2 High demand for Packaging & Non-Woven Disposables Market in Asia-Pacific
5. Market Segmentation and Analysis
5.1 By Type
5.1.5 Ethylene Vinyl Acetate
5.1.6 Styrenic Block copolymer
5.2 By Application
5.2.4 Construction & Furniture
5.2.6 Electronics & Electrical Assembly
5.2.7 Non-Woven Application
18.104.22.168 Baby diapers
22.214.171.124 Training pants
126.96.36.199 Feminine hygiene pads
188.8.131.52 Adult incontinence products
184.108.40.206.1 Light incontinence pads
220.127.116.11.2 Heavy incontinence pads
18.104.22.168.3 Full adult diaper pads
22.214.171.124 Personal care
126.96.36.199.3 Medical masks
188.8.131.52.4 Drug delivery
184.108.40.206.5 Wound care
220.127.116.11.6 Towels & Bedding
18.104.22.168 Automotive interiors
22.214.171.124 Leisure and Sportswear
126.96.36.199 Rescue services outer wear
188.8.131.52 Home textiles
6. Regional Market Analysis (Market size, growth and forecast)
6.1.4 South Korea
6.1.5 Rest of Asia-Pacific
6.2 North America
6.2.1 United States
6.2.4 Rest of North America
6.3.2 United Kingdom
6.3.5 Rest of Europe
6.4 South America
6.4.3 Rest of South America
6.5 Middle-East & Africa
6.5.1 Saudi Arabia
6.5.2 South Africa
7. Competitive Landscape
7.1 Mergers & Acquisitions
7.2 Joint Ventures, Collaborations and Agreements
7.3 Market Share Analysis
7.4 Strategies Adopted by Leading Players
8. Company Profiles (Overview, Products & Services, Financials, Recent Developments)
8.2 Adhesive Technologies, Inc.
8.4 Alfa International Corporation
8.5 American Chemical, Inc.
8.6 Ashland, Inc.
8.7 Ato Findley
8.8 Avery Dennison Corporation
8.9 Beardow & Adams (Adhesives) Ltd.
8.11 BÜHNEN (Germany)
8.12 Dow Corning Corporation (U.S.)
8.14 Dynea OY
8.15 Evans Adhesive Corporation Ltd.
8.16 Glenmar Technology
8.17 H. B. Fuller
8.18 Henkel AG
8.19 Hexcel Corporation
8.20 Huntsman Corporation
8.21 Jowat AG
8.22 National Starch
8.24 Paramelt B.V
8.26 Sika AG
8.28 Wacker Chemie AG
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