GIA announces the release of a comprehensive global report on Hot Melt Adhesives (HMA) markets. The global market for Hot Melt Adhesives (HMA) is projected to reach US $4.65 billion by the year 2017, spurred by growth in end-use industries such as infrastructure and construction, particularly in developing markets. Stringent environmental regulations imposed by various countries are driving demand for water based adhesives, in turn prompting development of hot melt adhesives. Further, the exclusive characteristics of adhesives in terms of adhesion to a broad assortment of surfaces and ease in use are driving growth in the hot melt adhesives market, specifically in the construction sector.
San Jose, California (PRWEB) November 10, 2011
Follow us on LinkedIn - Adhesives and Sealants find immense uses across innumerable industrial and commercial applications. While specialty and engineering adhesives are used appreciably in construction and automotive industries, general-purpose adhesives find functionalities in both commercial as well as industrial sectors. Over the years, globalization and liberalization have facilitated global trade of adhesives and sealants across all geographies, particularly in the developed countries. But currently, with business booming in developing economies, particularly in the construction sector, emerging countries such as China, Japan, India and South Korea, among others, are also driving the market for adhesives and are poised to contribute significantly to the market's growth in the coming years. End-industries for hot melt adhesives range from packaging to automotive, electronics, footwear, construction repair and remodeling, textiles, consumer goods and shipbuilding, among several others. Having such widespread application, the market for adhesives is thus highly variable and is dependent on various factors, such as economic conditions, growth in GDP, consumer purchasing power, and the overall health of the end-user industries.
Hot melt adhesives is the most prominent adhesive and is looked upon as a high-value product by several industries. The adhesives enjoy widespread usage not only due to the advantageous compatibility to a wide range of surfaces, but also due to ease in usage and performance capabilities. While the existing application areas are exhibiting greater preference by augmenting their consumption, new end-users for hot-melt adhesives are also emerging, driven largely by preference for the product coupled with inclination to comply with regulatory norms. However, despite such robust demand, the market is currently under pressure as it faces challenges in the form of rising prices and tight supply of raw materials. Nevertheless, with healthy demand from the rapidly developing countries, the market is expected to surge at a strong rate and emerge as a panacea for adhesion requirements of various industries.
North America dominates the global scenario as the single largest market for hot melt adhesives, as stated by the new market research report on Hot Melt Adhesives. Environmental regulations and widespread consumer acceptance make hot melt adhesives a viable option in the adhesives market in the US. The Asia-Pacific market presently accounts for a relatively smaller share of the global market, but is expected to display potential for rapid growth and development. Strong growth in infrastructure and construction projects and the need to comply with stringent environmental regulations is expected to propel demand for hot melt adhesives in the region. The HMA market in Asia-Pacific is projected to witness fast track growth at a CAGR of 5.5% through 2017. By end-use markets, Packaging segment is the strongest contender, capturing the largest share of the global HMA market. Other end-use markets including non-rigid bonding, automation, lamination and miscellaneous applications are also expected to lead the growth in future.
Key market participants profiled in the report include 3M Corporation, Adhesive Technologies, Inc, Alfa International Corporation, American Chemical, Inc., Ashland Inc., Avery Dennison Corporation, Beardow & Adams (Adhesives) Limited, Bemis Associates, Inc., Bostik, Inc., Capital Adhesives, Costchem srl, Cytec Industries, Inc., Daubert Chemical Company, Inc., Dow Automotive, Dow Corning Corporation, Dynea Oy, Evans Adhesive Corp. Ltd., Forbo, H.B. Fuller Company, Henkel Adhesive Technologies, Hexcel Corporation, Momentive Specialty Chemicals Inc., Hot Melt Technologies Inc., Huntsman Corporation, among several others.
The research report titled "Hot Melt Adhesives: A Global Strategic Business Report" announced by Global Industry Analysts, Inc., provides a comprehensive review of industry and product overview, trends and issues, product innovations, recent industry activity and profiles of market players worldwide. Analysis and overview is provided for major geographic markets such as the North America, Japan, Europe, Asia-Pacific and Rest of World. Major end-use applications analyzed include, Packaging, Non-Rigid Bonding, Woodworking and Others. Market analytics are provided in value (US$) terms. The study also provides historic data for an insight into market evolution over the period 2003 through 2008.
For more details about this comprehensive market research report, please visit - www.strategyr.com/Hot_Melt_Adhesives_Market_Report.asp