Manufacturing of Hot Melt Adhesives (For Book Binding, Packaging and Courier Bag). Investment Ideas for Startup in Adhesives Industry.
Hot melt adhesives are thermoplastic materials comprised of stabilizers, additives, pigments and polymers, which are sold within the variety of solid, cylindrically-shaped sticks or pellets. The sticks are melted and applied using a hot melt gun or sprayer. Hot melts are utilized in industry for a good range of applications. The packaging industry (manufacturing of packaging from paper, cardboard, and corrugated board) is one in every of the most important users. Hot melts also are utilized in the printing industry for bonding the spines of books, within the textile industry for bonding appliqué, and within the shoe-making industry for bonding for instance shoe soles. The wood processing industry uses hot melts for veneer surrounds and edging. The automotive industry employs hot melts for a host of applications including bonding insulating and cushioning materials, bonding headlight covers into metal frames and for wheel covers. The industry also uses hot melts, for instance for bonding coil windings and coil ends.
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Benefits of Hot Melt Adhesives
Fast Processing
Environmentally Friendly
Bond Impervious Surfaces
Gap-filling
Safe
Efficient Shipment and Storage
Market Outlook
The global hot melt adhesives market size was valued at USD 6.7 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 5.2% from 2020 to 2027. Increasing demand from the packaging and non-woven products application is a significant factor in driving the market growth. Unlike their solvent- or water-based counterparts, hot melt adhesives (HMAs) do not require drying or curing. They can be applied in their molten state and, therefore, can be bonded immediately after the application; this gives them the distinct advantage of faster processing times in various applications including packaging, nonwovens (diapers, and female hygiene products), furniture, industrial assembly, and others.
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The hot melt adhesives market offers an efficient solution for carton closing, sealing and play a significant role in overcoming challenges such as energy efficiency and merchandise safety. This has further enhanced its usage in food, beverage & other commodity packaging applications. Demand for flexible packaging solutions which supply extended time period and make products convenient to store is on rise. This has promoted new innovations in processing methods which are the key attributes associated with hot melt adhesives market growth.
North America is predicted to account for highest market share in terms of revenue as compared to other regions. This can be attributed to increasing demand for packaging and disposable hygiene products and presence of several market players in the region. Europe accounts for the second-highest revenue share contribution within the global hot melt adhesives market due to increasing adoption of hot melt adhesives in automotive, Defence, and other industrial sectors followed by markets in Asia Pacific, Latin America, and Middle East & Africa respectively. Additionally, the market in Asia Pacific is projected to witness fastest growth in terms of revenue, due to the factors such as rising demand from end use industries for decent melt adhesives in emerging economics such as China, and India.
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A major restraint faced by the producers of those products is that the fluctuating staple prices. the worth of the raw materials utilized in adhesives are highly volatile in nature, and therefore the manufacturers got to minimize any negative impact on their profit margins because of such volatility in raw material prices. Hence, it becomes difficult for producers to take care of a balance between the value of production and asking price, which is a significant restraint for the hot melt adhesives market growth.
The hot melt adhesives market in India looks promising with opportunities in packaging, disposable hygiene products, automotive, bookbinding, and other sectors. The main growth drivers for this market are growing demand for hot melt adhesives in end use industries like packaging, disposable hygiene products, and automotive industry thanks to fast processing and environmental friendly properties.
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Hot melt adhesives are formulations based on thermoplastic polymers which can be softened and reshaped on heating above their melting point. These adhesives are applied on a material in liquid state and offer easy to clean application with minimum toxicity. They are served in a wide array of industries such as packaging owing to their high stability & strength, making them a suitable alternative to solvent-borne adhesives.
The global market for hot melt adhesives is gaining significant impetus from the rise in the trading activities, leading to a high demand for packaging. The increasing construction activities across the world is also fueling the need for hot melt adhesives substantially. On the other hand, the volatility in crude oil prices and the easy availability of substitutes are likely to create hindrances in the higher adoption of hot melt adhesives across the world in the years to come.
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Hot melt adhesives are formulations based on thermoplastic polymers which can be softened and reshaped on heating above their melting point. These adhesives are applied on a material in liquid state and offer easy to clean application with minimum toxicity. They are served in a wide array of industries such as packaging owing to their high stability & strength, making them a suitable alternative to solvent-borne adhesives.Increasing product innovations in hygiene solutions to reduce waste, provide comfort & improve absorption has enabled the development of unique adhesives to manufacture disposable hygiene products will drive the growth of hot melt adhesives market.
Key Players:-
3M India Ltd.
Anabond Ltd.
Ciba India Ltd.
D H Resins & Chemicals Pvt. Ltd.
Dow Corning India Pvt. Ltd.
Eftec (India) Pvt. Ltd.
Golden Chem-Tech Ltd.
H B Fuller India Adhesives Pvt. Ltd.
Henkel Adhesives Technologies India Pvt. Ltd.
Henkel Anand India Pvt. Ltd.
Jyoti Resins & Adhesives Ltd.
Mccoy Soudal Sealants Adhesives & Foams Pvt. Ltd.
Metlok Pvt. Ltd
Nikhil Adhesives Ltd.
Polyinks Ltd.
Renuka Adhesives Ltd.
Resinova Chemie Ltd.
Yug Decor Ltd.
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