Global Hot Melt Adhesives Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. It covers the market landscape and its growth prospects over the coming years.
Commenting on the report, an analyst from the research team said: "A trend, which will boost market growth, is the advances in the polyurethane-based hot melt adhesives. Polyurethane-based hot melt adhesives are a recent enhancement in the hot melt adhesives market. Unlike SBC- and EVA-based hot melt adhesives, polyurethane-based adhesives polymerise, as soon as they are applied to make a strong bond.
"Further, they possess higher flexibility and can withstand high temperatures. Although, they are more expensive than other types of hot melt adhesives, they serve a wide range of applications.
"Switching of the production from other hot melts to reactive polyurethane hot melt adhesives has enabled vendors to compete in terms [of] quality products for emerging applications.”
According to the report, a key growth driver is the increased use of hot melt adhesives in food packaging. The changes in lifestyles of the urban population worldwide have promoted the use of packaged food in the past few years. This has increased the need for packaging, consequently expanding the market for hot melt adhesives.
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