Hot melt adhesive, also called hot glue, is a combination of thermoplastic polymers and is generally sold as sticks of various diameters. These adhesives are typically applied on the material surface in a liquid state and are easy to clean with minimal toxicity. Hot melt adhesives predominantly find application in the packaging industry due to their extensive strength and stability, low processing costs, and excellent durability. They have a long shelf life, and their disposal requires no special precautions. Holt melt adhesives also have an advantage over solvent-based adhesives as they do not require drying or curing.
The
rising demand for resilient packaging and non-woven products is primarily
driving the growth of the market. With a growing trend of DIY projects, there
is increased consumer demand for hot glue sticks, which is, in turn, propelling
the growth of the industry. With the advent of state-of-the-art machinery and
equipment, the leading manufacturers have developed innovative and high-quality
thermoplastics that are eco-friendly. The hot melt adhesives offer a viable
alternative for sealing and packaging, driving their growth in the food and
beverage industry. Additionally, rapid industrialization and bulk availability
of raw materials are expected to drive market growth.
Some
of the prominent players in the hot melt adhesives market are 3M, Exxon Mobil,
Toyobo, DowDuPont, H.B. Fuller, Jowat SE, Arkema, Dow Corning, Daubert
Chemical, Helmitin Adhesives, Beardow Adams, Sika AG, Ashland, Avery Dennison
Corporation, Tex Year Industries, and AkzoNobel, among others. 3M, the leading
manufacturer of adhesives and advanced materials, offers high-performance hot
melt adhesives applicable in various industries such as packaging, automotive,
and furniture. In 2019, Germany-based Jowat SE introduced PUR technology to
produce HMA’s with long-term resistance, high heat resistance, and excellent
bond strength.
The
pandemic hit the hot melt adhesives market significantly as the government-imposed
lockdowns disrupted the global supply chain. However, the market is poised to
recover in the coming months as increasing demands in the packaging industry,
industrial production, non-woven industry, and a sudden demand for packaged
food and beverage products have been observed worldwide.
Read Full Press Release @ https://www.reportsanddata.com/press-release/global-hot-melt-adhesives-market
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