150 State St., Albany,
NY, USA, 12207
Reactive hot melt adhesive is an adhesive that combines hot melt and reactive adhesive. The reactive hot melt adhesive has advantages of simple application of hot melt adhesive such as rapid curing, high initial viscosity and also of the reactive adhesive such as high adhesive strength and heat resistance etc.
These offer various benefits such high tolerance to extreme temperature ranges, better adhesive properties in lesser quantity, easy applicability, faster curing time which results in high production rate, better durability, and strength etc.
Reactive hot melt adhesives are mainly used for assembly works and reinforcement of decorative edging. These adhesives further aid in joining of other materials with wooden surface and enhance the structural bonding of wood. Reactive hot melt adhesives find their applications in various end-user industries such as textile automotive, packaging, transportation, furniture, footwear, and others.
The global reactive hot melt adhesives market is anticipated to grow at a flourishing CAGR in the years to come.
The growth of this market is attributed towards major relying factors which include but are not limited to; the increasing demand and application of reactive hot melt adhesives in various end-use industries, the growth in the major end-use industries such the automotive, woodworking, and construction industries, the increasing replacement of other adhesive technologies by HMAs, the increasing high demand for HMAs in various DIY applications and the globally increasing technological advancements etc.
Moreover, plastics are uniquely suited currently for application in the automotive and transportation industries. Components and structural parts which are manufactured from plastics provide consistent high-performance levels in conditions that are unsuitable for metals and other materials. Automotive components, such as seatbacks, rear spoilers, instrumentation panels, and food handling equipment, are made from plastics. Thus, this demand from the automotive industry is increasingly projected to augment demand for plastic substrates in reactive hot melt adhesives which in turn is expected to comprehensively scale up the growth of the overall market.
Furthermore, factors such as the superior properties of reactive hot melt adhesives than traditional adhesives, changing lifestyle and surge in demand for convenient and packaged food products among consumers leading to growth in the packaging industry, growing infrastructural activities and residential construction in the emerging economies, global shift toward VOC-free products, high strength, and lesser curing time adhesives driving the need for developing new products which meet environmental standards and consumer requirements and the increasing use of HMAs in road marking application will further expand the growth of this market.
However, the high curing time of reactive hot melt adhesives as compared to other technologies hinder the growth of this market.
REACTIVE HOT MELT ADHESIVES MARKET SEGMENTATION:
By Product Type:
By Resin Type:
The North American region is the largest regional market for reactive hot melt adhesives and is projected to witness ample growth in the next few years owing to the growth of the automotive, woodworking, and construction sectors, the decrease in unemployment rates and the increase in per capita income etc. The major contributor in the region is the U.S.
The Asia Pacific region is anticipated to be the fastest growing regional market for reactive hot melt adhesives in the upcoming years. The growth in this region is attributed to factors such as the increasing use of reactive hot melt adhesives in various applications such as automotive & transportation, doors & windows, furniture & upholstery, and lamination etc, the increasing investments in the region due to the rising trade-war tension between China and the U.S, the increasing government initiatives supporting the manufacturing of such items etc. Also, the low cost of labor in the emerging countries of this region compel the market players to increase their presence and enlarge their bases to maximize their profits. The major contributors in the region include India, China and Japan.
FEW KEY PLAYERS IN REACTIVE HOT MELT ADHESIVES MARKET:
Timeline Considered for Analysis:
- 2019: Base Year
- 2020 to 2025: Forecast Period
Research Scope and Deliverables
Overview & Executive Summary
Market Drivers, Trends, Challenges and Opportunities
Market Size and Forecast Projections
Macroeconomic Indicators of Various Countries Impacting the Growth of the Market
Extensive Coverage of Industry Players including Recent Product Launches and Market Activities
Porter’s Five Force Analysis
Market Segmentation Analysis:
Industry report analyzes the global reactive hot melt adhesives market by the following segments:
Customization: We also offers customization’s in the industry report as per the company’s specific needs.
Key Questions Answered in the Global Reactive Hot Melt Adhesives Industry Report
The report offers a comprehensive insight on the Reactive Hot Melt Adhesive Market share, competitor landscape, market trends, growth, revenue, and key driver’s analysis with coverage of key players, top geographies, product types and end user.
Exhaustive secondary research and in-depth primary interviews with industry experts has been conducted to present qualitative and quantitative insights in the report.
We offer customizations as per client’s specific needs.