Hot Melt Amorphous Polyalphaolefin Market Opportunities, Share Analysis up to 2024
Category: #world  By Rahul Sankrityayan  Date: 2020-04-06
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Hot Melt Amorphous Polyalphaolefin Market Opportunities, Share Analysis up to 2024

Pertaining to the product’s widespread utilization potential in numerous end-use sectors, hot melt amorphous polyalphaolefin industry has successfully strengthened its position across numerous geographies. Asia Pacific hot melt APAO market, for example, is predicted to cross the revenue margin of USD 100 million by 2024, driven by the rising need for packaged goods across the e-commerce and food & beverage sectors.

Both the aforementioned industries have carved out a lucrative growth path in APAC, which is likely to impel the regional demand. In addition, high product requirement from textile & plastic applications and increase in the per capita income across the developing regions of APAC will contribute toward the regional revenue generation. China, Indonesia, and India are likely to impact APAC industry share.

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Copolymers and homopolymers are the key hot melt amorphous polyalphaolefin products. Copolymers hot melt amorphous polyalphaolefin (APAO) market is projected to register gains of more than 6% over the coming seven years, owing to its beneficial traits such as strength and stress crack resistance. Homopolymers hot melt amorphous polyalphaolefin (APAO) industry revenue is projected to exceed USD 100 million by 2024, driven by the favorable product features such as chemical resistance, weldability, rust resistance, and stiffness.

Top Companies

  1. Eastman Chemical Company
  2. Evonik Industries AG
  3. REXtac
  4. Henkel AG & Company KGaA
  5. H.B. Fuller
  6. Huntsman Corporation
  7. Liaoyang Liaohua Qida Chemicals Company
  8. Arkema
  9. Evans Adhesive Corporation
  10. Guangdong Orient Resin Co. Ltd
  11. Glue Machinery Corporation
  12. Texyear Industrial Adhesives Pvt Ltd.
  13. Bond Tech Industries
  14. Almas Fanavaran Giti Company
  15. Adtek Malaysia Sdn. Bhd.

Growth Drivers are

  • High growth in packaging industry
  • Rising demand for personal hygiene products
  • Increasing demand for lightweight and low emission automobiles

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Woodworking applications are anticipated to register a revenue of more than USD 45 million by 2024, growing at a rate of more than 5.5% during the period from 2017 to 2024. Hot melt amorphous polyalphaolefin (APAO) market size in the product assembly sector, which is predicted to surpass a revenue of more than USD 55 million by 2024, is forecast to record a cumulative growth rate of nearly 6% over the next few years. Personal hygiene sector, which contributed more than USD 30 million toward hot melt amorphous polyalphaolefin (APAO) market revenue in 2016, is estimated to drive the business expansion extensively over 2017-2024. High demand for diapers and feminine items is one of the major growth drivers of the industry.

Hot Melt Amorphous Polyalphaolefin (APAO) Market by product

  • Homopolymer
  • Copolymer

Hot Melt Amorphous Polyalphaolefin (APAO) Market by End user

  • Paper & packaging
  • Personal hygiene
  • Bookbinding
  • Woodworking
  • Product asse

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About Author

Rahul Sankrityayan

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Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Technology Magazine, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experie...

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