Hot Melt Adhesives Market Report 2021-26, Industry Analysis, Share, Size, Trends and Forecast
SHERIDAN, WYOMING, USA, Oct 12, 2021 /EINPresswire.com/ – According to IMARC Group’s latest report, titled “Hot Melt Adhesives Market: Industry Trends, Share, Size, Growth, Opportunities and Forecast 2021- 2026 ”, the global hot melt adhesives market reached a value of US $ 6.75 billion in 2020. In the future, IMARC Group expects the market to grow at a CAGR of 4.5% during 2021-2026.
We regularly monitor the direct effect of COVID-19 on the market, as well as the indirect influence of related industries. These observations will be incorporated into the report.
Hot melt adhesives refer to solid formulations based on thermoplastic polymers. They remain solid at normal temperature but turn to liquids when heated above their softening point. Upon solidification, they return to a physical state with structural integrity and can act as an adhesive. Hot melt adhesives are made by mixing thermoplastics with waxes, plasticizers, resins, fillers, and antioxidants. Compared to other adhesives, these adhesives instantly adhere to plastics, ceramics, glass, paper, wood, rubbers, metal, etc. As a result, hot melt adhesives find many applications in the fields of packaging, construction, food and beverage, textiles and automotive. Industries.
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The expanding packaging industry primarily catalyzes the demand for hot melt adhesives to seal, assemble and label corrugated boxes, cardboard and other packaging products. In addition, the growing development of infrastructure is also increasing the use of hot melt adhesives to bond ceramics, wood panels, flooring and remodeled plastics. In addition, hot adhesives are increasingly used in the food and beverage industry for packaging processed food and beverage products, as they are free from volatile organic compounds (VOCs) which cause a foul odor and can spoil. food quality. In addition to this, the advent of PUR technology has led to the introduction of advanced product variants offering high heat resistance, UV protection and superior bond strength, further boosting the global hot melt adhesives market. .
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List of Key Companies Covered By This Market Report:
Ashland Global Holdings Inc.
Avery Dennison Company
Beardow & Adams Ltd.
B. The Fuller Company
Henkel AG & Co. KGaA
Wacker Chemie SA
The report has segmented the market on the basis of resin type, application, product shape, and geography.
Breakdown by resin type:
Ethylene vinyl acetate (EVA)
Styrenic block copolymers (SBC)
Metalocene Polyolefin (MPO)
Aamorphic polyalphaolefins (APAO)
Breakdown by application:
Printing and Editing
Furniture and Woodwork
Breakdown by product form:
Distribution by geography:
North America (United States, Canada)
Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, others)
Middle East and Africa
Highlights of the report:
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