The report, “Hot Melt Adhesives Market by Type (EVA, Styrenic Block Copolymers, Polyolefin, Polyurethane, Polyamide and Others) by Application (Packaging, Non-Woven, Pressure Sensitive, Construction, Bookbinding and Others) and by Region - Global Trends & Forecasts to 2019” defines and segments the hot melt adhesives market with analysis and forecast of the market size.
Hot melt adhesives market is projected to register a market size in terms of value of $7.5 Billion by 2019, signifying firm annualized growth of 6% between 2014 and 2019.
Asia-Pacific ? The fastest growing market for hot melt adhesives
The hot melt adhesives market in Asia-Pacific is projected to register the fastest-growth mainly due to the presence of emerging economies such as China and India as well as emerging activities in the electronics, transportation, energy, and industrial sectors. Asia-Pacific is the second largest market for hot melt adhesives, and accounted for a share of around 30% of the global market share in terms of volume in 2013 which was majorly contributed by China. It is also estimated that India is the fastest-growing market for hot melt adhesives in the region owing to growing population, vast economies developed as well as developing, favorable investment policies, and government initiatives to promote industrial growth. Polyolefin ? The fastest-growing product segment of hot melt adhesives
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