The global sales of hot melt adhesives are estimated from 1477 KMT in 2011 to 1932 KMT in 2016. In 2015, the global hot melt adhesives sales market was led by China, USA, Europe and Japan, where the USA and China are important sales market. At present, there are many manufacturers in every region and the major manufacturers’ activities of hot melt adhesives are Henkel, H. B. Fuller, Bostik Inc, 3M Company, Beardow & ADAMS, Jowat, Avery Dennison, DOW Corning, Kleiberit, etc. Tex Year Industries is the China sales leader, holding 0.81% sales share in 2015.
A key trend in the hot-melt adhesive market is the movement toward higher quality products. HMA is a large determinant to the end-product’s overall quality, while typically only incurring only a small part of the overall cost. Accordingly, as end-products continue to be realized further down the value chain, customers are beginning to choose higher-end products. The ongoing shift toward higher quality adhesives has brought about a surplus of low-end goods and intense competition in that area of the market. Consequently, it has encouraged many mid- and low-level suppliers to invest more heavily in R&D in the hope of being able to penetrate the more lucrative high-end market. Foreign companies will continue to dominate the more lucrative high-end market, primarily owing to superior R&D, as well as supply chain efficiencies that allow for easier access to high-quality raw materials.
As connections become more established, the entire market is trending toward direct sales, rather than using distributors. This is observed even more acutely among foreign suppliers, who historically relied more heavily on distributor companies. This observed even more acutely among foreign suppliers, who historically relied more heavily on distributor companies.
The worldwide market for Hot Melt Adhesives is expected to grow at a CAGR of roughly 3.2% over the next five years, will reach 7290 million US$ in 2024, from 6040 million US$ in 2019.
Global Hot Melt Adhesives Market report features the major aspect of the market in terms of historic data, current market situations, market demand along with detailed analysis of the key players involved in the market.Hot Melt Adhesives Industry report also provides essential attributes associated with Hot Melt Adhesives market and act an essential tool to companies active across the value chain and to the newcomer by enabling them to capitalize the opportunities and develop business strategies.
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Global Hot Melt Adhesives Market focuses on the, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa.Hot Melt Adhesives business report categorizes the market based on manufacturers, regions, type and application. From a global perspective, this report represents Hot Melt Adhesives market in-depth outlook by analyzing historical statistics and future prospect.
TOP MOST PLAYERS:
H. B. Fuller
Beardow & ADAMS
TEX YEAR INDUSTRIES
Market Segment by Type, covers:
Market Segment by Applications, can be divided into:
Label & Tape
Textile / Footwear
The prospective of this Hot Melt Adhesives industry study delivers the key industry dynamic with respect to driving & limiting factors with their current and expected impact on market growth. Moreover, Hot Melt Adhesives present market share and future prospects of the segment in terms of has also been explored in this report.
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