Knowledge Sourcing Intelligence announces the publication of a new analysis report on the market of the "Hot Melt Adhesive Tape Market – which is forecasted from 2022 to 2027”.
The primary factor influencing the growth of the hot melt adhesive tape market is due to its broad demand for D.I.Y. applications, hot melt adhesive is recognized to give surface application on a variety of materials such as fabric, papers, and cardboard, metals, plastics, and so on. The surge in popularity of hot melt adhesive technology is likely to drive the growth of the hot melt adhesive tapes market throughout the forecast period. Furthermore, the increased use of hot melt adhesive tapes in various applications is expected to drive the hot melt adhesive tapes market forward. Packaging and nonwoven applications from Asia-Pacific are providing new opportunities for the global industry.
As per the report, the market for Hot Melt adhesive tape Market is expected to grow at a faster pace.
One of the major drivers of the Hot Melt Adhesive Tape Market is predicted to profit from an expanded number of applications in the future. Furthermore, the growing demand for Hot Melt Adhesives in a variety of DIY applications is expected to drive up global demand. The hot melt adhesives market is expanding as old adhesive technologies are being displaced by Hot Melt Adhesives. Aside from that, Asia-packaging Pacific's and nonwoven applications are giving the global industry new hope. Producers will also have greater options as the usage of Hot Melt Adhesives in road marking applications develops.
One of the restraints of the Hot Melt Adhesive Tape market is the difficulties of using hard-to-bond compounds and being susceptible to higher temperatures, which can lead to bond strength loss, the market for hot melt adhesives may face further challenges.
Based on product type, The ethylene-vinyl acetate type sector is expected to have a greater market share in the hot melt adhesives market due to its rising uses in food packaging, electronics, and construction. Furthermore, this segment is facing rising demand from its end-use industries, as well as for hot melt adhesives. The ethylene-vinyl acetate sector is likely to dominate the global hot melt adhesives market in the following years due to its dependability and environmental friendliness.
Based on application, The packaging category accounted for the majority of the market share in terms of application. The industry is being propelled forward by rising demand for packaging and nonwoven goods. They do not require drying or curing, unlike their solvent- or water-based counterparts. The global need for adult incontinence products, infant diapers, and female safety items is driving growth in the market for superior-performance hygiene adhesives. The vast demand for Hot Melt Adhesive in the construction and packaging industries is a major factor driving market expansion.
Based on Geography North America, South America, Europe, the Middle East, Africa, and the Asia Pacific are the regions that make up the Non-woven adhesive tape market. The Asia-Pacific region continues to dominate the market and is likely to do so for the foreseeable future. For the application of these adhesives, emerging economies such as India, China, and Japan are high-growth markets. The furniture and building industries, as well as ongoing infrastructure and manufacturing investment, are likely to fuel market growth. Consumer growth is dependent on the fast-growing package industrial base in the Asia-Pacific region, as well as the rapidly rising demand for nonwoven goods.
As part of the report, the major players operating in the Hot melt adhesive tape market, that have been covered are 3M, H. B. Fuller, Huntsman Corporation, American Chemical Inc., and Bostik.
View a sample report or purchase the complete study at https://www.knowledge-sourcing.com/report/hot-melt-adhesive-tape-market
This analytic report segments the Hot melt adhesive tape market on the following basis
- By Product Type
- Ethylene Vinyl Acetate
- Amorphous poly Alpha Olefin
- Styrenic Block Copolymers
- By Application
- Travel & Transportation/Logistics
- By Geography
- North America
- South America
- United Kingdom
- Middle East and Africa
- Saudi Arabia
- Asia Pacific
- South Korea
- North America