The hot melt adhesive market is significantly complex c […]
The hot melt adhesive market is significantly complex considering its wide range of value chain structure. Value addition in products is a significant cost differentiator and hot melt adhesives has a wide range of products under its belt. The diversity in the value chain applies for finished and adhesive products and the raw material used to make them. In the modern global industry and production scenario of physical commodities, raw material procurement strategy is widely becoming one of the significant areas hot melt adhesives are nurturing on.
Indicators of the future needs are in some cases already visible, such as rising construction index,economic stability and per capita growth among house dwellers across the globe has witnessed transition of several economies coming out from recession and posing as a severe contender for economical excellencePackaging Solution market is expected to grow significantly and is expected to value USD 12415.7 million by 2026. Packaging plays a major role in supply chain management. Apart from protecting the goods, packaging serves as the brand ambassador for the product.North America is estimated to grow at a CAGR of 6.4% in 2026.
The most important sales market for adhesives in 2017 for the U.S market was the construction industry. Almost a significant percentage of global demand was accounted for by wall and floor coverings, maintenance, building refurbishment, panelling, panels or for thermal insulation material.Waterborne adhesives accounted for about 49% of overall worldwide demand. Demand for hot melts ranked second at a great distance, followed by solvent borne adhesives. Companies competing in the hot melt adhesive segment are currently struggling with supply chain difficulties and are expected to reach its peak efficiency by the beginning of 2019.
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