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Hot Melt Adhesives (HMA) Market

Hot Melt Adhesives (HMA) Market

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Hot Melt Adhesives (HMA) Market

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  1. Hot Melt Adhesives (HMA) Market 2021 Analysis, Opportunities, Growth and Forecast to 2027 © 2020 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  2. Global Market Scenario of Hot Melt Adhesives (HMA) Industry • Hot melt adhesives market, also referred to as HMAs or hot glue, are thermoplastic resin-based, 100% solid adhesives formulations. These adhesives remain solid at room temperature, however, can be softened, molded as well as dispensed once heated to their softening point. HMAs solidify rapidly once dispensed, and demonstrate their full strength once cooled to room temperature. Low processing costs, high strength, and durability are among the key benefits demonstrated by the products. The application scope of the hot melt adhesives market is vast, spanning from packaging, to furniture, to textiles, to electronic, to automotive, among others. • Manufacturing is an integral part of the global economic landscape. The production and commercialization of products for consumer use is a daily activity across the globe, ranging from books to cars to furniture, among others. • There are myriad processes involved in the manufacture of single products, chief among them being binding or adhesion. Thus, efficient industrial binding agents and adhesives, including hot melt adhesives market, are considered to be among the most integral components of an industrial manufacturing process. © 2020 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  3. Continue:- • Rapid replacement of mechanical binding solutions with industrial adhesives is anticipated to drive industry expansion • High-performance, thermoplastic-based adhesives are rapidly taking over from conventional joining methods such as mechanical fasteners like bolts & rivets, as well as welding processes, across various domains and applications. • Economic as well as performance benefits offered by these hot glue alternatives are the key drivers promoting the adoption of these solutions over the traditional binding methods. The automotive industry, particularly, is shifting its focus from rivets and other mechanical binding methods, towards structural adhesives, given numerous benefits such as cost reduction, corrosion resistance, and stress relief, among others. • Furthermore, the development of novel heated adhesive technologies by key players in the industry is also likely to boost the adoption of the product in the automotive domain over the years. © 2020 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  4. Request for sample copy of this research report@ https://www.gminsights.com/request-sample/detail/263 © 2020 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  5. 360° Industry Analysis • Material cost fluctuations and shifting consumer trends towards alternative products may hamper market growth • Despite their growing adoption across the industrial landscape, hot melt adhesives face certain challenges such as their susceptibility to higher temperatures, which can cause loss of bond strength. Furthermore, the prices of raw materials used for the production of these products are highly volatile, which can make the balancing of production and selling costs a challenge for the manufacturers. These factors, alongside rising environmental concerns and the subsequent implementation of strict regulations across the globe, are likely to present a roadblock to hot melt adhesives industry development over the forecast spell. Request for customization:https://www.gminsights.com/roc/263 © 2020 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  6. Competitive Analysis: • H.B. Fuller, 3M Company, Jowat SE, Henkel AG & Company, Delo Industrial Adhesives, Dow Corning, Arkema, BASF SE, Huntsman International LLC,, RPM International Inc., Sika AG are some of the key players operating in the Hot Melt Adhesives (HMA) Market. • For example, in 2019, German hot glue producer BÜHNEN inked a distribution partnership with US-based GLS Products LLC, to reinforce its presence in the US market. The partnership was initiated as a part of the company’s objective to become a leading hot melt adhesives provider for various applications in North America. GLS, which had a 16-year experience as a distribution partner for British adhesive company Power Adhesives Ltd, was also able to expand its range with BÜHNEN complementary products. © 2020 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  7. Latest Research Report On Hot Melt Adhesives (HMA) Market@ https://www.gminsights.com/industry-analysis/hot-melt-adhesives-market Request for sample of this research report@ https://www.gminsights.com/request-sample/detail/263 Request for customization: https://www.gminsights.com/roc/263 © 2020 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  8. Stay In Touch You can visit us at: www.gminsights.com Thank You…! © 2020 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

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