The global polyester hot melt adhesives market is expected to reach USD
530.3 million by 2022, according to a new report by Grand View Research, Inc.
Growth of key end-use industries such as packaging and automotive is expected
to remain a key driving factor for global polyester hot melt adhesives market
over the forecast period. Rapid expansion of electronics industry particularly
in Asia Pacific is also expected to have a positive influence on the market
growth.
Volatile polyester prices coupled with increasing
popularity of ethylene vinyl acetate (EVA) hot melt adhesives are expected to
remain key challenges for market participants. Increasing R&D spending
along with technological advancements in equipment design with enhance
dispensing capabilities at low temperatures is anticipated to create new
avenues for industry participants.
Textile & fabrics was the largest application
segment and accounted for 34% of total market volume in 2014. This segment is
anticipated to witness moderate growth over the forecast period. Surging demand
for high-end textile for specialty applications including footwear, luggage,
and protective apparel may be attributed to changing lifestyle and growing
participation in athletic and social activities.
View
summary of this report @ http://www.grandviewresearch.com/industry-analysis/polyester-hot-melt-adhesives-market
Further key findings from the report
suggest:
- Global polyester hot melt adhesives demand was 87.1 kilo tons in 2014 and is expected to reach 131.7 kilo tons by 2022, growing at a CAGR of over 5.4% from 2015 to 2022
- Automotive is expected to witness the highest growth 6.0% from 2015 to 2022. Hot melt technology implementation could lead to reduction in assembly timing and better adhesion of components. Growing demand for automobiles and other transport vehicles is expected to steer industry penetration in the segment.
- Continual development for new and decorated packaging in attempt to capture media and consumer attention is expected to steer competitiveness in the packaging industry. This offers new frontiers for polyester hot melt adhesive to address the varying requirements in packaging industry. Adhesion to wide range of surface textures such as paper, board and plastics is also expected to fuel its demand in packaging industry.
- Asia Pacific was the leading regional market with demand share estimated at 35.7% in 2014. Growing electrical & electronics and automobile industries, particularly in India, South Korea, and China is expected to drive the regional growth.
- Global polyester hot melt adhesive industry is moderately fragmented with majority share lying with the unorganized sector. Major companies operating in the market include 3M Company, Sika AG, Toyobo, Bostik, Evonik Industries, Eastman Chemical Company and SK Chemicals.
Browse All Reports of
this category @ http://www.grandviewresearch.com/industry/plastics-polymers-and-resins
Grand
View Research has segmented the polyester hot melt adhesives market on the
basis of application and region:
Global
Polyester Hot Melt Adhesives Application Outlook (Volume, Tons; Revenue, USD
Thousand, 2012 - 2022)
- Packaging
- Textiles & fabrics
- Automotive
- Electrical & electronics
- Polymer films & foils
- Others
Global
Polyester Hot Melt Adhesives Regional Outlook (Volume, Tons; Revenue, USD
Thousand, 2012 - 2022)
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- UK
- Asia Pacific
- China
- India
- Japan
- South Korea
- Central & South America (CSA)
- Middle East & Africa (MEA)
About Grand View
Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals,
materials, healthcare and energy.
Contact:
Sherry
James
Corporate
Sales Specialist, U.S.A.
Grand
View Research, Inc.
United
States
Phone: 1-415-349-0058
Toll
Free: 1-888-202-9519
Email: sales@grandviewresearch.com
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