Hot Melt Adhesives Market: hot melt equipment for household and DIY use to decrease in price to increase affordability.
The hot melt adhesives are defined as adhesives that melt and flow, on application of heat and solidify on cooling, to give a strong adhesion. They are applied in a molten state at temperatures that range from 120 °C to 180 °C depending on applications and materials to be bonded. These hot melt adhesives are used to bond or stick various kinds of materials in various end user industries. There is high scope for the Hot Melt Adhesives Market across the globe during 2015-2020.
Scope and Regional Forecast of the Hot Melt Adhesives Market:
Asia Pacific is the fastest growing region in the Hot Melt Adhesives Market. The presence of high population, emerging economies such as India and China and rise in industrialization is propelling the demand for hot melt applicator devices and adhesive systems for various end user industries during 2015-2020.
North America is expected to have high utilization of the Hot Melt Adhesives Market due to the increasing use of hot melt equipment for household applications and hobby in this region. Europe is expected to have high demand for the hot melt adhesive applicator for automotive and electronics industry through 2020.
According to the IndustryARC research analysis studies on the Hot Melt Adhesives Market, increasing requirement of new consumer products is propelling the demand for this market. Automotive, packaging, industrial assembly and others are the growing market application segments during 2015-2020.
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Segmentation and Key Players of the Hot Melt Adhesives Market:
The Hot Melt Adhesives Market is segmented into various categories in the IndustryARC marketing research report by type, by application and by geography.
By type: Ethylene-vinyl Acetate (EVA), Polyurethanes, Polyamides, Polyolefins, Rubber based adhesives (Styrene block copolymers) and others
By application: Automobile Industry, Construction Industry, Electronic Industry, Food and Beverage Industry, Industrial Assembly, Packaging Industry, Textile industry, Wood Working Industry and others
By geography: North America, South America, Europe, Asia Pacific and ROW
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The key players in the Hot Melt Adhesives Market according to the IndustryARC research report are as follows:
- Avery Dennison Corporation
- Arkema SA
- Sika AG
- Dow Corning Corporation
- Henkel AG & Co. KGaA
The Hot Melt Adhesives Market is a growing market with use of hot melt adhesive film and hot melt sticks for various purposes in end user industries. This market is expected to witness high growth due to the increasing use of hot melt machine and hot melt coating for various applications across the globe during 2015-2020.
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