The hot melt adhesives are defined as adhesives that melt and flow, on application of heat and solidify on cooling, to give a strong adhesion. They are applied in a molten state at temperatures that range from 120 °C to 180 °C depending on applications and materials to be bonded. Hot melt adhesives are multi-polymer adhesives which allow adjusting certain characteristics by blending of two or more polymers and additives.
The increasing requirement of new consumer products is the driving force for technological progress for the hot melt adhesives market. Nowadays, each new product that is developed must not only be better and more favourably priced than its predecessor, but must also meet the requirement of sustainability. This is where the importance of hot melt adhesives comes into picture. The growing demand from the end user applications forms the driving force for hot melt adhesives market.
The hot melt adhesives market has been segmented by type, application and geography exclusively. Based on the types hot melt adhesives commercially available , the market is categorized into ethylene-vinyl acetate, polyolefin, polyurethanes, polyamides and others. Each type varies greatly and the composition is different with different technical specifications. The key user segments automobile industry, construction industry, electronic industry, food and beverage industry, industrial assembly, packaging industry, textile industry, wood working industry and others.
The overall market is also presented from the perspective of different geographic regions and the key countries in each region. The market has been segmented in to four regions North America, Europe, Asia-pacific and Rest of the World. Competitive landscape for industry and market players are profiled with attributes of company overview, financial overview, business strategies, product portfolio and recent developments. Market shares of the key players for 2014 are provided.
Sample Companies Profiled in this Report are:
- Avery Dennison Corporation
- Arkema SA
- Sika AG
- Dow Corning Corporation
- Henkel AG & Co. KGaA.