Dallas, TX -- (ReleaseWire) -- 03/03/2014 -- The report “Hot Melt Adhesives Market by Products (EVA, Styrenic Block, Polyolefin, Polyurethane, & Others), By Applications (Packaging, Non-Woven, Pressure Sensitive, Construction, Bookbinding, & Others), by Geography - Global Trends & Forecasts to 2018” defines and segments the global hot melt adhesives market with analysis and
forecasts of global volumes and revenues. It also identifies driving and restraining factors for the global hot melt adhesives market with an analysis of trends, opportunities, burning issues, and challenges. The market is segmented and revenues are forecast on the basis of major regions such as North America, Europe, Asia-Pacific, and Rest of the World (ROW). Key countries are covered and forecast for each region. Further, the market is segmented and revenues are forecast on the basis
of raw materials and application types.
Request for free Sample of this Report @ http://www.marketsandmarkets.com/requestsample.asp?id=1088
Browse 118 market data tables and 29 figures spread through 265 pages and in-depth TOC on “Hot Melt Adhesives Market - Global Trends & Forecasts to 2018”.
Early buyers will receive 10% customization on this report.
Inquiry Before Buying this Report @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=1088
The ever-increasing need for high performance adhesives across modern applications drives the growth of hot melt adhesives. Further, the technological advancement in production capabilities and enhancing properties of hot melt adhesives will fuel the growth to a higher rate.
Hot melt adhesives are solvent-free, solid compounds that have negligible or no VOC (volatile organic compound) compared to solvent-based adhesives. The stringent regulations of EPA (Environment Protection Agency) and REACH (Registration, Evaluation, Authorization, and Restriction of Chemicals) in the U.S. and Europe leads the adhesive industry towards a shift of technology from solvent-based adhesives to hot melt adhesives.
The market for hot melt adhesives is driven by changing trends in various end-user segments such as packaging, non-woven, pressure sensitive applications, etc. This also results in the development of newer and improved application and performance properties. The major hurdle, which is currently to inhibit the growth of the market, is volatility in the prices of raw materials used to manufacture hot melt adhesives.
Asia-Pacific: The Fastest Growing Market
The industry is witnessing high growth on an account of growing demand in the Asia-Pacific region. China is the biggest consumer of hot melt adhesives due to rapid industrialization and infrastructure growth. Japan, South Korea, and Taiwan have high per capita consumption of hot melt adhesives, which is why they are expected to grow at a moderate CAGR.
The packaging, non-woven, and pressure sensitive industries grow at a high rate in China and India, which drives the demand for hot melt adhesives. There is low control on the consumption of high VOC adhesives in China and India, 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.
Key participants in the hot melt adhesives market are Avery Dennison Corporation (U.S.), Beardow & Adams (Adhesive) Ltd (U.K.), Henkel AG (Germany), H. B. Fuller (U.S.), Sika AG (Switzerland), Dow Corning Corporation (U.S.), and other market participants.
Browse related Reports:
Pressure Sensitive Adhesives Market by Technology (Water-Based, Solvent-Based, Hot Melt & Radiation), by Application (Industrial Tapes, Specialty Tapes, Medical Tapes, Labels, Graphics & Others) & by Geography - Global Trends & Forecasts to 2018
MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world.
MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. M&M covers thirteen industry verticals, including advanced materials, automotives and transportation, banking and financial services, biotechnology, chemicals, consumer goods, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, and telecommunications and IT.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
North - Dominion Plaza
17304 Preston Road
Suite 800, Dallas, TX 75252
Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/chemical
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets