REACTIVE HOT MELT ADHESIVES MARKET ANALYSIS

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REACTIVE HOT MELT ADHESIVES MARKET ANALYSIS

• Reactive Hot Melt Adhesives Market, by Product
  Type (High Temperature and Low Temperature), by
  Application (Personal Care, Packaging,
  Automotive, Furniture, Footwear, Textile,
  Electronics, Construction, and Others), and by
  Region (North America, Latin America, Europe,
  Asia Pacific, Middle East, and Africa) - Size,
  Share, Outlook, and Opportunity Analysis, 2019 -
  2027

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• Reactive hot melt adhesives are mainly used for
  assembly works and reinforcement of decorative
  edging. These adhesives further aid in joining of
  other materials with wooden surface and enhance
  the structural bonding of wood. Reactive hot melt
  adhesives find their applications in various
  end-user industries such as textile automotive,
  packaging, footwear, and others.
• Market Outlook
• The global reactive hot melt adhesives market has
  witnessed significant growth in the recent past,
  owing to growth of various end-user industries
  such as furniture, automotive, and packaging in
  emerging economies According to the Indian Brand
  Equity Foundation (IBEF), India was fourth
  largest automobile market and seventh largest
  manufacturer of commercial vehicles in 2018 with
  a 8.3 growth in sales. Changing lifestyle and
  surge in demand for convenient and packaged food
  products among consumers has provided lucrative
  growth opportunity for players in the packaging
  industry. According to the Agricultural
  Processed Food Products Export Development, the
  convenience food market in India was estimated
  around 20 billion by the end of 2017. This
  scenario is expected to increase demand for
  reactive hot melt adhesives from the packaging
  industry globally during the forecast period.

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• Market Dynamics
• Growing infrastructural activities and
  residential construction in the emerging
  economies is expected to be another factor aiding
  in growth of the market. According to the
  National Skill Development Corporation (NSDC),
  the demand for affordable housing is expected to
  increase from current level in 2017 of 29 million
  households to around 38 million households by
  2030. This has led to surge in demand for
  different and unique furniture in houses, and
  this is expected to increase demand for reactive
  hot melt adhesives. This is expected to foster
  growth of the global reactive hot melt adhesives
  market during the forecast period.
• Manufacturing companies in different end-user
  industries such as automotive, furniture, and
  packaging are increasingly using reactive hot
  melt adhesives as these exhibit better adhesive
  properties than conventional adhesives. Reactive
  hot melt adhesives offer various benefits such
  high tolerance to extreme temperature ranges,
  better adhesive properties in lesser quantity,
  easily applicable, faster curing time which
  results high production rate, better durability,
  and strength.
• Key Players
• Major companies operating in the global reactive
  hot melt adhesives market include Avery Dennison
  Corporation, 3M, H. B. Fuller, Henkel, Bostik,
  Kleiberit, Beardow Adams, DOW Corning, ZheJiang
  Good Machinery Co., Ltd. , Tex Year Industries
  Inc., Guangdong Huate Gas Co., Ltd., and Nanpao
  Resins Chemical Group.
• Companies are focusing on expanding their product
  portfolio by launching new reactive hot melt
  adhesives-based products, which in turn is
  expected to foster the market growth over the
  forecast period. For instance, in April 2019,
  H.B. Fuller, a global leader in manufacturing and
  supply of adhesive, launched its new product,
  Rakoll 5010, which is a low monomer emission
  reactive hot melt adhesive.

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• Market Taxonomy
• On the basis of product type, the global reactive
  hot melt adhesives market is segmented into
• High Temperature
• Low Temperature
• On the basis of application, the global reactive
  hot melt adhesives market is segmented into
• Personal Care
• Packaging
• Automotive
• Furniture
• Footwear
• Textile
• Electronics
• Construction
• Others
• On the basis of region, the global reactive hot
  melt adhesives market is segmented into
• Asia Pacific
• China
• India
• Japan

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North America U.S. Canada Europe U.K. Germany Fran
ce Italy Russia Rest of the Europe Latin
America Brazil Mexico Argentina Rest of South
America Middle East GCC Israel Rest of Middle
East Africa North Africa Central Africa South
Africa
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