Global Hot Melt Adhesives (HMA) Market: Key Highlights
Global Hot Melt Adhesives (HMA) Market: Key Market Dynamics
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Global Hot Melt Adhesives (HMA) Market: Regional Overview
Asia-Pacific is expected to account for the largest share and fastest-growing market for hot melt adhesives market. This can be attributed to increased use in packaging solutions, nonwoven hygiene products, and consumer DIY applications. Moreover, Increasing consumer awareness regarding hygiene and the increasing demand for nonwoven hygiene products is contributing to the growing demand for this market in the Asia-Pacific Region.
The hot melt adhesives market in the Europe region is mainly driven by increased use of MA’s in automotive applications aids in reducing VOC emissions even under extreme heat conditions. In addition, awareness regarding emissions created by VOC is comparatively high in Europe as compared to other regions. The hot melt adhesives growth is also attributed towards shifting preferences from high VOC adhesives to advanced PO based hot melt adhesives with low VOC content.
Global Hot Melt Adhesives (HMA) Market: Key Players Overview
3M is a US-based multinational combination of multiple business companies engaged in the manufacturing the industrial, safety and consumer products. The company majorly operate through five business segments namely safety and industrial business, transportation and electronics business, health care business, consumer business. The Safety and Industrial segment consist of personal safety, industrial adhesives and tapes, abrasives, closure and masking systems, electrical markets, automotive aftermarket, and roofing granules
Arkema SA engaged in the manufacturing of both industrial chemicals and performance products. The company operates through four business segments namely, advanced material, coating solutions, adhesives, and intermediates. Through these business segments, Arkema SA offers market solutions such as 3D printing, adhesives & sealants, automotive & transportation, building & construction, coating, paints, inks, composite & advanced materials, electronics & electricals, oil & gas, cooling & refrigeration and many others. Arkema SA has its strong presence globally sales over 55 countries with approximately 144 manufacturing sites, 6 research & development sites.
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