TMR_Research_Reports_2017 Hot Melt Adhesives Market - US$ 9.44 Bn by 2024 | Page 2

Hot Melt Adhesives Market
REPORT DESCRIPTION
Hot Melt Adhesives Market (Product Type - Ethylene Vinyl Acetate,
Polyolefin (APAO and Metallocene based POE), Polyamide,
Polyurethane, and Styrene Block Copolymers; End User (Packaging,
Construction, Non-woven, Book Binding and Paper Binding, Furniture,
Footwear, and Electronics) - Global Industry Analysis, Size, Share,
Growth, Trends, and Forecast 2016 - 2024
Due to presence of a number of small- and medium-sized chemical and material companies,
the global hot melt adhesives market is demonstrating a fragmented competitive landscape, states
a new study by Transparency Market research (TMR). In 2015, the top six players, namely, Henkel,
H.B. Fuller, 3M Co., DOW Corning Corp., Jowat SE, and Sika AG, jointly held a share of nearly 75%
in the overall market. The leading companies are aggressively focusing on using exports as a tool for
geographical expansion in well-established as well as emerging markets, which is anticipated to
result in a heightened rivalry between them, notes the research study.
According to the research report, the worldwide market for hot melt adhesives, which was worth
US$6.00 bn in 2015, is expected to rise at a CAGR of 5.20% over the period from 2016 to 2024 and
reach US$9.44 bn by the end of the forecast period. Currently, ethylene vinyl acetate (EVA)-based
hot melt adhesives are witnessing a higher demand than other products available in this market.
Thanks to the low price of EVA-based adhesives, their demand is anticipated to remain high over the
period of the forecast.
Browse Market Research Report @
http://www.transparencymarketresearch.com/hot-melt-adhesives-market.html
Packaging Industry to Surface as Leading End User of Hot Melt Adhesives
The report has considered packaging, construction, non-woven, book binding and paper binding,
furniture, footwear, and the electronics industries as the prime end users of hot melt adhesives.
Among these, the packaging industry emerged as the leading consumer for these adhesives in 2015
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Transparency Market Research