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California Hot Melt Adhesives Market - Detailed Analysis of Current Industry Figures

Increasing requirement for quicker bonding time in high speed product assembly and industrial applications is expected to boost industry growth over the forecast period. California Hot Melt Adhesives Market is expected to reach USD 159.2 million by 2022, according to a new report by Grand View Research, Inc.


Rising environmental concerns regarding VOC emissions has driven substitution of conventional adhesive technologies, such as solvent-based, with hot melts. Stringent environmental regulations regarding adhesive additives implemented by federal agencies such as EPA & U.S. Chemical Safety Board are expected have a major impact on industry dynamics, particularly in terms of product formulation and production.

Ethylene vinyl acetate (EVA) adhesives are expected to remain the largest product segment owing to high utilization by numerous end-users seeking better adhesion on non-porous substrates such as metals and glass.

The segment accounted for over 37% of total market volume in 2014. It is also expected to witness the highest growth of 3.1% over the forecast period. With increasing consumer requirement for greater flexibility in curing & setting times, polyurethane (PU) hot melts are expected to gain in terms of utilization.

Packaging was the leading application segment and accounted for 29.1% of total market volume in 2014. Burgeoning demand for individually packaged goods owing to high per capita income, coupled with growing preference for superior performance characteristics is leading to high hot melts demand in packaging and general industrial applications.

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Disposables are expected to be the fastest growing application segment over the forecast period. Migrant population growth, increasing birth rate and population maturity are major factors driving hot melts consumption in the aforementioned application.

Top Players of California Hot Melt Adhesives Market:

International players include Avery Dennison, H.B. Fuller, Bostik (Arkema), RPM International, The Dow Chemical Company, Henkel, BASF and Ashland while domestic participants include Wisdom Adhesives Worldwide, Palmetto Adhesives and Pacific Adhesives.

Market Segmentation of California Hot Melt Adhesives Market:

The California Hot Melt Adhesives Market segmented on the basis of Product and Application.

By Product:

    Ethylene Vinyl Acetate
    Styrenic Block Copolymers
    Polyolefins
    Polyamide
    Polyurethane

By Application:

    Packaging
    Disposables
    Pressure Sensitive Products
    Bookbinding
    Furniture
    Automotive
    Construction

Inquire about California Hot Melt Adhesives Market with Our Experts @ https://www.grandviewresearch.com/inquiry/2665
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