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Growth of End-user Industries Steers Global Hot Melt Adhesives Market Forward, Finds Frost & Sullivan

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6 Pages
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Growth of End-user Industries SteersGrowth of End-user Industries Steers Global Hot Melt Adhesives Market Forward, Finds Frost & Sullivan PR Newswire LONDON, Dec. 23, 2013 -- Environmental concerns surrounding solvent-based adhesives spur uptake of hot melt adhesives Increasing industrial activity following the economic downturn is boosting demand for hot melt adhesives (HMAs) globally. Growing markets in the Asia-Pacific, in particular, will give momentum to the mature market. Greater confidence in the benefits of HMAs – lower logistic and maintenance costs, high impact resistance, longer service life and easier processability – too will fuel market expansion. New analysis from Frost & Sullivan (http://www.chemicals.frost.com), Global Analysis of the Hot Melt Adhesives Market, finds that the market earned revenues of $3.56 billion in 2012 and estimates this to reach $5.01 billion in 2019. Tapes, artificial turfs and rigid bonding are likely to remain the dominant applications for HMAs, followed by packaging and construction. HMA use in transportation and woodworking, however, will witness sluggish growth owing to the slowdown in automobile sales and the rising popularity of metals and plastics over wood materials. "Environmental concerns associated with the use of solvent-based adhesives are in effect creating a replacement market for hot melt adhesives," said Frost & Sullivan Chemicals, Materials & Food Research Director Dr Leonidas Dokos.

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Published 23 December 2013
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Growth of End-user Industries Steers Global Hot Melt Adhesives Market Forward, Finds Frost & Sullivan

PR Newswire

-- Environmental concerns surrounding solvent-based adhesives spur uptake of hot melt adhesives

Increasing industrial activity following the economic downturn is boosting demand for hot melt adhesives (HMAs) globally. Growing markets in the Asia-Pacific, in particular, will give momentum to the mature market. Greater confidence in the benefits of HMAs – lower logistic and maintenance costs, high impact resistance, longer service life and easier processability – too will fuel market expansion.