The global demand for Reactive Hot Melt Adhesives Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX MN in 2019 with a CAGR of XX% under the study period of 2020 - 2026. Whereas with regards to volume, the market was calculated XX Kilo Tons in 2019 and foreseen to touch XX Kilo Tons by 2026 with a CAGR of XX% during 2020-2026.
Reactive hot melt adhesives are superior quality adhesives that require chemical reaction for bonding two surfaces. They offer high strength structural bond to the surface. Reactive hot melt adhesives are heated before application and are then applied in the molten state to the desired surface. After cooling, physical hardening of adhesive takes place, and then a chemical reaction transforms adhesives into elastomers resulting in extraordinary high adhesion. Reactive hot melt adhesives offer superior heat resistance, flexibility at cold temperatures, and excellent chemical resistance. They are 100% solid and solvent-free and can be adhered to a wide range of materials. Reactive hot melt adhesives are applicable in a wide range of industry verticals such as automotive, textile, packaging, building and construction, furniture, and electronics.
Due to their superior properties over conventional adhesives, reactive hot melt adhesives are gaining popularity across the globe leading to the high demand. Increasing demand from the packaging and construction sector is boosting the global market. In the automotive industry, reactive hot melt adhesives are efficiently used in making car seats, while in the electronics industry are widely applied due to their heat resistance properties. Another factor that is contributing to the market includes increased demand from the textile and furniture industry.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of reactive hot melt adhesives.
The entire reactive hot melt adhesives market has been sub-categorized into substrate, resin type and application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Resin Type
- Automotive & Transportation
- Doors & Windows
- Furniture & Upholstery
This section covers regional segmentation which accentuates on current and future demand for reactive hot melt adhesives market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Reactive Hot Melt Adhesives Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the reactive hot melt adhesives market include Henkel AG & Co. KGAA, H.B. Fuller Company, 3M, Jowat SE, Arkema SA, The Dow Chemical Company, Sika AG, DIC Corporation, Nanpao Resins Chemical Group, Daubert Chemical Company, Klebchemie GMBH & Co. KG, Hitachi Chemical CO., Ltd., Tex Year Industries Inc., Chemence, Cattie Adhesives. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.