Hexa Research
Fact-based market research, penetrating industry insights and validated
forecasts to help you make better decisions for a stronger future
Packaging industries have the maximum demand and it is expected to aid the market
growth. Continuous demand in these industries has led to the huge advanced
technological development and to enhance strong bonding properties.
The HMA market has been segmented on the basis of product types such as
polyurethanes, ethylene vinyl acetate, amorphous poly alpha olefin, metallocene Pe,
styrenic block copolymers and polyamide.
Polyurethanes are expected to have rapid growth in HMA market. Polyurethanes are
used in many industries such as emulsifier, binder, thickener, stabilizer, adhesion
promoter and film former.
Polymers exhibit the superior properties such as control strength and flexibility, high
heat resistance, speed bond formation and easy storage. Growing demand for the
polyolefin-based adhesive is expected to spur the hot melt adhesive market growth.
Hot melt adhesives are used as a substitute for solvent-based conventional adhesives
owing to hazardous effects.
North America has the most dominant market for hot melt adhesives and it is expected
to have one-third of global demand in these regions. Paper converting and packaging
industries are expected to drive the HMA market in this region.
Asia Pacific has the second largest share in hot melt adhesives. The major factors
driving the growth in this region are cheap labor, competitive manufacturing cost, and
high economic growth rate. Investment in the construction sector in emerging countries
such as India, China, Indonesia, Malaysia and Vietnam are expected to drive the
growth of the market.
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