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Hot Melt Amorphous Polyalphaolefin Market to hit $380mn by 2024: Global Market Insights, Inc

Global Market Insights,Inc.
Posted on: 01 Nov 17
Hot Melt Amorphous Polyalphaolefin Market to hit $380mn by 2024: Global Market Insights, Inc Hot Melt Amorphous Polyalphaolefin (APAO) Market Size By Product (Homopolymers, Copolymers), By Application (Paper & Packaging, Personal Hygiene, Bookbinding, Woodworking, Product Assembly), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Australia, Indonesia, Malaysia, Brazil, Mexico, South Africa, GCC), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2017 - 2024

PR Newswire

OCEAN VIEW, Del., Nov. 1, 2017

OCEAN VIEW, Del., Nov. 1, 2017 /PRNewswire-iReach/ -- Global Hot Melt APAO market, in terms of application, is segmented as paper & packaging, woodworking, product assembly, personal hygiene, bookbinding, and other application types. Woodworking application segment market value is forecasted to be above USD 45 million in 2024, growing at CAGR exceeding 5.5%. Product assembly segment of the global hot melt APAO market will likely grow with a CAGR of almost 6% to a value of above USD 55 million by 2024.

Health hazards associated with the use of these adhesives may hinder the global hot melt APAO market during the period of study. Fumes that are released during the application of these adhesives are toxic in nature up to a certain extent. Prolonged exposure may cause eye irritation and respiratory problems in people. Special care must also be taken while using these adhesives due to their high temperature which may burn a person's skin if it comes in direct contact.

Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/1664

Pertaining to the product's widespread utilization potential in numerous end-use sectors, hot melt amorphous polyalphaolefin industry has successfully strengthened its position across numerous geographies. Asia Pacific hot melt APAO market, for example, is predicted to cross the revenue margin of USD 100 million by 2024, driven by the rising need for packaged goods across the e-commerce and food & beverage sectors. Both the aforementioned industries have carved out a lucrative growth path in APAC, which is likely to impel the regional demand. In addition, high product requirement from textile & plastic applications and increase in the per capita income across the developing regions of APAC will contribute toward the regional revenue generation. China, Indonesia, and India are likely to impact APAC industry share.

Growing demand for personal hygiene items along with the thriving packaging sector will drive the growth of hot melt amorphous polyalphaolefin (APAO) market in North America and Europe. As per estimates, both these continents collectively garnered a revenue of over USD 120 million in 2016.

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Asia Pacific share for global hot melt APAO market is projected to be valued at above USD 100 million by 2024. This region will witness high growth due to increasing packaged products demand from food & beverages and e-commerce sector. Rising income levels in developing economies of Asia Pacific such as China, India, Indonesia, etc. will augment the hot melt APAO market as willingness to spend on personal hygiene will increase. High industrial growth in the region will also boost the industry due to increased demand for hot melt adhesives in product assembly and other applications such as textiles, plastics, woodworking, etc.

Arkema, Henkel AG, Eastman, Evonik Industries, H.B. Fuller, REXtac, and Huntsman Corporation are the major players in hot melt APAO market. There are other key players in the industry including Evans Adhesive Corporation, Liaoyang Liaohua Qida, Guangdong Orient Resin Company, Texyear Industrial Adhesives, Glue Machinery Corporation, Almas Fanavaran Giti Company, Adtek Malaysia Sdn. Bhd, Bond Tech Industries, etc.

Browse key industry insights spread across 110 pages with 143 market data tables & 11 figures & charts from the report, "Hot Melt Amorphous Polyalphaolefin (APAO) Market Share & Forecast, 2017 – 2024" in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/hot-melt-amorphous-polyalphaolefin-APAO-market

Browse Related Reports:

  • Hot Melt Adhesives Market Forecast, 2016 – 2024

Hot Melt Adhesives Market size was above USD 5.5 billion in 2015 with gains expected at above 6%. Strong application scope in packaging, disposables, automotive and footwear industry should drive hot melt adhesives market size. Favourable government regulations by EPA and REACH regarding use of eco-friendly products should fuel product demand in Europe and North America.

https://www.gminsights.com/industry-analysis/hot-melt-adhesives-market

  • Flexible Packaging Market Forecast, 2016 – 2024

Flexible Packaging Market size was valued at over USD 150 billion in 2015, increasing at more than 5% CAGR from 2016 to 2024. Increase in demand from healthcare, cosmetics & toiletries, food & beverages, household products, sporting goods and other agricultural products industries will drive global flexible packaging market growth. Shift in trends towards convenient packaging due to lightweight characteristic and ease of use may propel market growth.

https://www.gminsights.com/industry-analysis/flexible-packaging-market

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Media Contact: Arun Hegde, Global Market Insights, Inc., +13028467766, sales@gminsights.com

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SOURCE Global Market Insights, Inc.

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Last updated on: 01/11/2017

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