Hot Melt Amorphous Polyalphaolefin Market is set to grow substantially during the forecast timeframe
Category: #reports  By Rahul Sankrityayan  Date: 2020-05-19
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Hot Melt Amorphous Polyalphaolefin Market is set to grow substantially during the forecast timeframe

Amorphous polyalphaolefin is widely used in hot melt adhesive production. Exponentially growing packaging industry shall positively influence hot melt APAO market for the forecast duration. Amplified spending pattern of dual income family coupled with drifting preference for packaged products has led to in augmented packaging materials demand in pharmaceutical, e-commerce and food & beverage industry.

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.

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Amorphous polyalphaolefin is widely used in hot melt adhesive production. Exponentially growing packaging industry shall positively influence hot melt APAO market for the forecast duration. Amplified spending pattern of dual income family coupled with drifting preference for packaged products has led to in augmented packaging materials demand in pharmaceutical, e-commerce and food & beverage industry.

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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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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Europe and North America had significant share of overall hot melt APAO market in 2016, generating an overall revenue close to USD 120 million. This can be attributed to its developed food packaging industry and rising demand for ready to eat packaged products.

Higher penetration of online business in Europe and North America has resulted in augmented product demand for packaging in this region. Moreover, awareness among consumers in these regions regarding personal hygiene goods has boosted the overall product demand in recent years.

Asia Pacific for hot melt APAO market shall witness gains more than 7% over the forecast timespan. It can be due to the improving economic scenario, which has propelled packaged products demand and eventually demand for hot melt APAO in this region. Increasing personal hygiene goods demand will positively influence hot melt APAO market in the coming years. 

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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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