“In Asia-Pacific and South America, the Nonwoven Hygiene Products Segment is projected to drive the HMA market.”
The report "Hot Melt Adhesives (HMA) Market by Type (EVA, SBC, MPO, APAO, Polyamides, Polyolefins, Polyurethanes), Application (Packaging Solutions, Nonwoven Hygiene Products, Furniture & Woodwork, Bookbinding), and Region - Global Forecast to 2022", The Hot Melt Adhesives (HMA) market is projected to grow from an estimated USD 6.92 Billion in 2017 to USD 9.46 Billion by 2022, at a CAGR of 6.5%.
HMAs are used in a number of industries such as packaging solutions, nonwoven hygiene products, bookbinding, and furniture & woodwork, among others. Packaging solutions, nonwoven hygiene products, and others applications of HMAs accounted for more than 80% of the HMA market, in terms of value and volume, in 2016. The packaging solutions application is expected to lead the HMA market in terms of value and volume, during the forecast period, due to the increasing use of HMAs in various packaging solution applications, primarily food packaging.
Key findings from the report:
MarketsandMarkets has segmented the global Hot Melt Adhesives (HMA) Market based on Type, Application and Region:
Global Hot Melt Adhesives Type Analysis
Global Hot Melt Adhesives Application Analysis
Global Hot Melt Adhesives Regional Analysis
Speak to our Analyst to gain more insights on Hot Melt AdhesivesIndustry:
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.