Wednesday, September 7, 2022

US Synthetic Polymer Waxes Market Analysis, Company Profiles, Competitive Landscape and Key Regions Analysis Available

 The global synthetic polymer waxes market size is set to extend owing to multiplying demand of synthetic polymer waxes in automotive industry, which will propel its market. Nowadays, consumers have propensity towards appearance of their vehicles, use of such waxes on automobiles in order to enhance the appearance is expected to expand the demand of synthetic polymer waxes. This market is expected to witness growth with the help of plastic industry. Fortune Business Insights™ mentioned this in a report titled, “Synthetic Polymer Waxes Market, 2022-2029”.    

Wax is made up of long-chain fatty acids, alcohols, and sterols which has a slight high melting point. They are either made synthetically by the process of polymerization or naturally. Features such as strong bond and economical is a preferred choice. Materials like co-polymer, polyethylene, Fischer-troops, polypropylene, and ethylene vinyl acetate is used to make synthetic wax. Abrasion resistance, better translucent shine, high melting point, and better durability. It is used to enhance surface, viscosity of wax blends, hardness, and appearance. High usage and consumption of this product is witnessed in food, cosmetic, pharmaceutical, and automotive industries.

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COVID-19 Impact: Implications in Different Industries Produced Variations in Demand

Pandemic affected almost every industry and sector directly or indirectly. Demand of synthetic polymer waxes derives from industries like automotive, plastic, packaging & paper, and textile. Industries were affected in different ways, hence demand of synthetic polymer wax also had variations. New automotive production was halted and also affected the demand of this product.

Segmentation

Based on type, the market is divided into homopolymer wax, polypropylene wax, co-polymer wax, ethylene acrylic acid wax, polyethylene wax, fishcher-trospch wax, and ethylene vinyl acetate wax.

On the basis of application, the market is divided into lubricating, surface modifying, wetting and dispersing, retention, and others.

According to end-use industry, the market is divided into automotive, plastic, textile, construction, paper & packaging, paint & coating, and others.

Geographically, the market is divided into regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Report Coverage

This research projects a skim analysis of the firms that exist in the market that can affect forecasting period. It also offers a comprehensive by scrutinizing factors like segmentation, segmentation, trends, growth, size, restraints, etc. This analysis is subject to change if the key players and projected analysis of market dynamics changes.

Drivers & Restraints

Synthetic Polymer Waxes Demand from Automotive Industry to Inflate Market

One of the drivers for synthetic polymer waxes market growth is demand from automotive industry. It is usually used for enhance texture of surface, hardness, appearance, and viscosity of wax mixes. It helps in maintain shine and colour of vehicle protecting it from discolouring, oxidizing, and fading caused by sunlight.

Innovation associated with growth in automotive industry is expected to boost consumption fuelling the demand.

Availability of alternate products like carnauba wax also known as natural wax may act as hindrance for this market. Natural wax may act as a restriction it has applications in various industries.

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Regional Insights

Applications in Various Industries to Credit to Market Position

Europe has a feasible synthetic polymer waxes market share which is credited to rising demand from automotive industry.

In North America, demand of polyethylene wax and homopolymer from plastic industry is fuel the demand in this market.

Asia Pacific; with rise of polypropylene wax and copolymer from packaging & paper and textile industries would give rise to synthetic polymer waxes.

 Africa & The Middle East is set to witness a major growth, with rising demand from paint & coating industry.

List of Key Players Present in the Market

  • BASF (Germany)
  • Innospec (U.S.)
  • The DuPont (U.S.)
  • Honeywell (U.S.)
  • ZSCHIMMER & SCHWARZ (Germany)
  • SCG Chemicals Co. Ltd (Thailand)
  • Trecora Chemical (U.S.)
  • Baker Hughes (U.S.)
  • Zell Chemie International (Spain)
  • Clariant (Switzerland)

Refinery Catalyst Market Development, Innovation, Opportunities And Growth between 2021 and 2031

The global Refinery Catalyst Market size is expected to gain momentum by reaching USD 5.84 Billion by 2028 while exhibiting a CAGR of 3.8% between 2021 to 2028. In its report titled "Refinery Catalyst Market, 2021-2028," Fortune Business Insights mentions that the market stood at USD 4.38 billion in 2020.

The increasing investment in research & development, technologies, and capacity expansion in the refinery sector is expected to drive the market during the forecast period. For instance, in September 2020, Clariant started constructing refining materials in China to produce CATOFIN, required in propane dehydrogenation. The company invested a major amount in China, which is likely to support the customer base in the local region. 

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Market Segmentation:

By type, the market is divided into zeolites, metallic, and chemical compounds.

  • Based on type, the zeolites segment held a major market share in 2020. This is attributable to its use in the FCC catalysis process. Zeolites are used in the refinery as they have high-pressure resistance, high-temperature resistance, and high melting points. These properties make it suitable to produce gasoline, diesel, and petroleum-derived products.

By application, it is segmented into FCC, alkylation, hydrotreating, hydrocracking, catalytic reforming, and others. Finally, based on region, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

What does the Report Provide?

The market report for refinery catalysts provides a detailed analysis of several factors such as the key drivers and restraints that will impact growth. The different market segments and their regional analysis are discussed in the report. Further, it talks about the dominant strategies adopted by key players such as the introduction of new products, partnerships, and collaboration that will further contribute to the market growth. Lastly, it provides information on the impact of COVID-19 on market growth.

Driving Factor

Growing Demand for Octane Fuel to Promote the Market Growth

The rising demand for octane in the automotive industry is driving the Refinery Catalyst Market growth. Besides, the manufacturers are coming up with innovative and efficient technologies which require octane fuels to function. Moreover, using octane provides environmental, economic as well as engine benefits. For instance, an octane fuel ethanol has a blending octane rating of 114. This makes it one of the cleanest and affordable substitutes for fuel. Furthermore, the increasing demand for petroleum derivatives for various consumer needs is expected to fuel the market in the upcoming years.

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Regional Insights

Asia Pacific to Remain at Forefront Baked by Increased Crude Oil Production

Asia Pacific is expected to remain at the forefront and hold the highest position market during the forecast period. This is attributable to increased crude oil production in China., According to China National Petroleum Corp.'s Economics & Technology Research Institute, China's refining industry capacity has tripled. Its crude oil processing capacity is anticipated to reach 1 billion tons a year, or 20 million barrels per day, by 2025. The market stood at USD 1.52 billion in 2020.

Europe is anticipated to showcase significant Refinery Catalyst Market share owing to favorable regulations imposed by European Union to promote development in oil recovery and promotion of biofuels. The government initiative in the region is to provide sustainable solutions for fuels such as ethanol, thus promoting the regional market.

Competitive Landscape

The market is consolidated by major companies striving to maintain their position by focusing on mergers and facility expansions. Additionally, other key players are adopting proactive strategies such as new partnerships, mergers, and collaborations to favor the market's growth in the upcoming years.

Industry Development

  • May 2021 – Axens launched SeLene, a product designed to do selective hydrogenation. Newly. A part of the SeLene family LD 153 gives information on how to increase ethylene production. Moreover, its unparalleled operating window allows a wide range of feed CO content while maintaining stability and safer operation.

List of Key Players Profiled in this Market Report

  • Albemarle Corporation (U.S.)
  • BASF SE (Germany)
  • Haldor Topsoe A/S (Denmark)
  • Honeywell International Inc. (US.)
  • Clariant (Switzerland)
  • Axens (France)
  • Johnson Matthey (UK)
  • China Petroleum & Chemical Corporation (China)
  • Royal Dutch Shell plc (Netherlands)
  • Arkema (France)
  • ANTEN CHEMICAL CO., LTD. (China)
  • Other Key Players

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US Copper Foil Market USD 5,703.0 million in 2020

 Copper Foil Market Report provides an in-depth analysis of emerging trends, market drivers, development opportunities, and market constraints that may have an impact on the market dynamics of the industry. Each player highlighted in the research study contains Company Basic Information, Manufacturing Base, Sales Area, and its Competitors, an in-depth business overview, geographic footprint, and contact information. The report contains a comprehensive market and vendor landscape in addition to SWOT Analysis.

Key players in the global Copper Foil market are profiled with detailed insights into company profile, product portfolio, geographical presence, statistical analysis, key developments, and growth strategies. Furthermore, the global Copper Foil Market report provides a comprehensive analysis of the COVID-19 pandemic and how it has affected the market in the discussion. The study lays out how the pandemic affected the dynamics of the market and what are the future opportunities for market players.

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The global US Copper Foil Market size is projected to reach USD 10,375.6 million by 2028, exhibiting a CAGR of 7.9% during the forecast period. According to a recent report by Fortune Business Insights™, titled “US Copper Foil Market, 2021-2028”, the value of the market stood at USD 5,703.0 million in 2020.

This research contains in-depth information on emerging trends, market drivers, development opportunities, and market restraints that have the potential to affect the dynamics of the US Copper Foil Market. The study assesses the market size of the global Copper Foil industry and examines the key international players’ approach trends. The research also assesses the market’s size in terms of revenue during the predicted period. All data numbers, such as percentage share splits and breakdowns, are derived from secondary sources and double-checked with primary sources. To examine the industry’s primary influencing variables and entry obstacles, the report conducted Porter’s five forces analysis, SWOT analysis, regulatory landscape, and prominent buyers.

Key Players in the US Copper Foil Market Report:

Top players covered in the global US Copper Foil Market are ILJIN Materials Co., Ltd. (South Korea), Doosan Group (South Korea), Tex Technology Inc. (Japan), Mitsui Mining & Smelting Co., Ltd. (Japan), RCI Industries and Technologies Ltd. (India), Furukawa Electric Co., Ltd. (Japan), Shanghai Metal Corporation (China), SKC (South Korea), American Elements (U.S.), UACJ Foil Corporation (Japan), and more players profiled

The following are some of the US Copper Foil Market Reports' Most Important Features:

1. Detailed market study of the Copper Foil market
2. Changing industry competitive landscape
3. Detailed competitive categorization
4. Historical, current, and forecast market size in quantity and value
5. Recent industry trends and developments
6. The Copper Foil Market’s Competitive Landscape Key Players’ Strategies and Product Portfolio
7. Segments/Regions Showing Promising Growth a Neutral Perspective on the Copper Foil Market Performance

Copper Foil Market Segmentation

Next, the research report reveals the development of the Copper Foil market segments. Analysts have segmented the market on the basis of product/service type, application, end-users, and geography. Analysts have evaluated the changing nature of the market segments, growing investments in manufacturing activities, and product innovations that are likely to impact them. In terms of geography, the report studies the changing political environment, social upliftment, and other government initiatives that are expected to contribute to the regional markets.

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Regional Segmentation of the Copper Foil Market:

The Copper Foil research examines the market size, sales, segmentation, and a complete examination of geographies, with a focus on the industry’s top suppliers. Similarly, the Copper Foil study employs a cutting-edge research technique to provide data on market trends in a number of key sectors of the industry. The Copper Foil research study also examines the market size and volume at the global and local levels. Following is the Regional Segmentation:

» North America
» Europe
» China
» Asia-Pacific
» Japan

The report studies the US Copper Foil Market by assessing the market chain, current policies, and regulations, as well as manufacturers, their manufacturing chain, cost structures, and contribution to the industry. The regional market for the US Copper Foil Market is examined by analyzing the price of the products in the region in relation to the profit generated.

Scope of the Report:

An in-depth analysis of statistics on current and emerging trends provides clarity regarding Copper Foil industry dynamics. The report includes Porter’s five forces to analyze the importance of various characteristics such as understanding of suppliers and customers, risks posed by various agents, competitive strength, and promising emerging businessmen to understand a resource. precious. Further, the report covers the Copper Foil research data of various companies, benefits, gross margin, global market strategic decisions, and more through tables, graphs, and figures. infographics.

Report Conclusion:

The report focuses on a thorough and comprehensive examination of the Copper Foil industry, covering business patterns such as opportunities and innovations that are predicted to take advantage of the current market environment and strategic status. This market study report analyses the findings of in-house expert interviews, extensive secondary examinations, and primary interviews.

Table of Content – Analysis of Key Points:

Chapter 1. Executive Summary
Chapter 2. Global Market Definition and Scope
Chapter 3. Global Market Dynamics
Chapter 4. Global Copper Foil Market Industry Analysis
Chapter 5. Copper Foil Global Market, by Type
Chapter 6. Copper Foil Global Market, by Application
Chapter 7. Copper Foil Global Market, Regional Analysis
Chapter 8. Competitive Intelligence
Chapter 9. Key Companies Analysis
Chapter 10. Research Process

Continued…

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About Us:

Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.

Contact Us:

Fortune Business Insights™ Pvt. Ltd.

9th Floor, Icon Tower, Baner –

Mahalunge Road, Baner, Pune-411045,

Maharashtra, India.

Phone:

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UK : +44 2071 939123

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Email: sales@fortunebusinessinsights.com 

Tuesday, September 6, 2022

Carbolic Oil Market Size, Analysis, Share, Research, Business Growth and Forecast to 2029 | Asia Pacific to Show Exponential Growth Due to Presence of Developing Countries

 The global carbolic oil market size is set to gain momentum from the higher adoption of carbonic oil in the cosmetic industry. This information is given by Fortune Business Insights™ in an upcoming report, titled, “Carbolic Oil Market, 2022-2029.”

COVID-19 Impact-

Pandemic Imposed Industries On Working with Few Workforces Resulted in Lower Production

The COVID-19 pandemic has affected the global market from various angles, and its effects are set to persist through 2021. The sudden lockdown affected supply chain management, thereby affecting the carbolic oil market growth. The pandemic impacted the supply chain of the industry. The production in the cosmetic industry was shut, which resulted in lower demand from the cosmetic industry. Additionally, the pharmaceutical industries were forced to work with very few workforces, due to which the production was low. The market is expected to get affected by the imposed lockdown and the pandemic outbreak. Various retailers and firms faced new volatility in demand, supply-chain disruptions, and difficult physical environments. These are hampering the growth of the market.

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Segments-

By application, the market is split into the extraction of phenol, pyridine bases, pharmaceutical, household, and others. 

The market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa from a regional standpoint.  

Report Coverage-

  The report categorizes and focuses on various aspects of the market, such as:

  • Various market segments are depicted in the report, along with their attributes.
  • Regions present in the global market and the region’s leading the market due to the highest market share are presented.
  • This report involves the driving and restraining factors of the market.
  • The countries playing a significant role in market growth and their emerging trends are covered in this market report.
  • The effects of COVID-19 on the growth of the market are mentioned.
  • Market analysis is done through Porter’s Five Force analysis to understand the competition of companies in the market.
  • The companies that hold major growth in the automotive wiper market share are also represented in the market report.

Drivers & Restraints-

Higher Product Demand from Cosmetic and Pharmaceutical Industry to Drive Market

The product is used in extracting phenol, which is expected to be the cause of fueling the market growth. Moreover, the pharmaceutical industry also demands the product as the industry uses this product in manufacturing various medicines and antiseptics. The higher adoption of carbonic oil in the cosmetic industry for manufacturing primer, hair coloring, and skin lightening products are expected to expand the market.

However, touching or inhaling carbolic oil leaves a hazardous impact on the health of humans, which may hinder market growth.

Regional Insights-

Asia Pacific to Show Exponential Growth Due to Presence of Developing Countries

The Asia Pacific region projects the maximum growth in carbolic oil market share as it has a consistently rising demand for carbolic oil. The demand is backed by countries such as India and China. Additionally, the pharmaceutical industry is using the chemical for manufacturing various medicines, which is giving a boost to the market in the region.

The cosmetic industry uses various chemicals in the manufacturing of cosmetic products. Cosmetic products manufacturing involves the adoption of extracted phenol, which is estimated to surge the demand in North America. 

Europe is projected to show good growth in the market by the expanding use of the product in bases of pyridine to fuel market growth. Moreover, carbolic oil is being adopted for household purposes, which eventually gives rise to the adoption of products.

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Competitive Landscape-

Key Players Focus on Gaining Mergers and Acquisitions to Expand Market

The competitive landscape elaborates a data research on the competitors. Key players strive to gain ever-engaging strategies to assess the market growth. Companies are including analytical approaches for expanding their market. The market is researched by analyzing previous data and growth rates. A comprehensive market study is made to gain estimated data of competitors. Investigating the market using primary and secondary research approaches assisted the competitors in developing strong and long-term strategies.

List of Key Players Present in the Market:

  • NalonChem (Spain)
  • DEZA a. S. (Czech)
  • Jining Carbon Group (China)
  • Shandong Gude Chemical (China)
  • Elkem ASA (Norway)
  • KUMHO P&B CHEMICALS. (Korea)
  • Rain Industries Limited (India)
  • STAN CHEM (U.K.)

US Release Liners Market Size, Analysis, Share, Research, Business Growth and Forecast to 2029 | Rising Investments in the Chemicals Industry to Fuel the Market

 The global release liners market size is set to enter a period of dynamic expansion on account of the increasing demand for release liners from the food and beverages industry. This information is contained in a report by Fortune Business Insights™, titled “Release Liners Market, 2022-2029”.

A release liner is a product that carries a sticky substrate i.e. pressure sensitive adhesive until it is ready for its next step. There has been an increasing demand for release liners from the food and beverages industry as the release liners are used in packaging a wide range of food products. Further, these liners also enable easy handling, converting, and assembly without the adhesive medical products sticking together. Thus, this is an important factor responsible for the growth of this market.

However, the rising concerns regarding the waste disposal created after the usage of release liners is projected to impede the growth of this market.

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Market Segmentation:

On the basis of application, this market is divided into labels, pressure sensitive tapes, hygiene products, industrial, graphic arts, medical, and others. In terms of geography, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Highlights/Summary:

This report contains an in-depth analysis of the market drivers, trends, and restraints, along with a granular assessment of the various segments of the market. In addition, valuable insights into the regional opportunities impacting the market are also incorporated into the report, as well as a holistic examination of the major market players and their dominant strategies.

Drivers/Restraints:

Rising Investments in the Chemicals Industry to Fuel the Market

The governments of several countries across the world are putting a lot of efforts for the development of chemicals and materials industry by making huge investments in this industry owing to a large number of small-scale as well as medium-scale companies present in the countries such as the US, India, Japan, Germany, and others. Thus, this is a vital factor responsible for the growth of this market.

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Regional Insights:

Increasing Demand for Convenience Food Products to Boost the Asia Pacific Market Growth

Asia Pacific region is projected to dominate the release liners market share on account of the rising demand for convenience food products in the countries such as India, China, and others.

North America region is anticipated to grow speedily in this market due to the increasing number of release liner manufacturing companies in the countries such as the US and Canada.

Competitive Landscape:

Rising Production of Release Liners by Key Players to Animate Competition

The leading companies in the release liners market are concentrating on increasing their production capabilities of release liners across several regions in this market. This will help the key companies to expand their business horizons and strengthen their market position.

Industry Development:

September 2018: Mondi Plc launched a new product Sustainex, a type of biodegradable paper liners to a form fill seal type of product that reduces the use of plastic by 70%.

List of Key Players Covered in the Release Liners Market Report:

Mondi Plc, Westrock Company, Pudumjee Paper Products, Asian Pulp & Paper Company, Ahlstrom-Munksjö Oyj, BPM Inc., KRPA Holding CZ.

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Textile Chemicals Market Revenue In US| Textile Chemicals Industry Future Growth, Trends and Top Key Players

The global textile chemicals market size is projected to reach USD 26.40 billion by the end of 2027. The increasing applications of the product across diverse industry verticals will emerge in favor of the growth of the market. According to a report published by Fortune Business Insights, titled “Textile Chemicals Market Size, Share & COVID-19 Impact Analysis, By Product Type (Coating & Sizing Chemicals, Colorant & Auxiliaries, Finishing Agents, Surfactants, De-sizing Agents and Others), By Application (Apparel, Home Furnishing and Technical Textiles) and Regional Forecast, 2020-2027,” the market was worth USD 20.85 billion in 2019 and will exhibit a CAGR of 3.2% during the forecast period, 2020-2027.

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Russia-Ukraine War Implication

The Russia-Ukraine war could change the Textile Chemicals Market dynamics of Europe forever. The standoff has revived the predicament situation of the Cold War and pushed Europe to the brink of a major military conflict. The Russian aggression in Ukraine has redefined the global landscape in terms of business. As the global Textile Chemicals Market was recuperating from the havoc wreaked by the COVID-19 pandemic, the Russia-Ukraine war has made several industry stakeholders skeptical.

The European Union is pushing for more sanctions against Russia, including halting imports of nuclear fuel from Russia and excluding Russia’s top lenders from the SWIFT banking system. Moreover, Russia has also imposed similar sanctions on most EU countries. The war crisis and sanctions have put a strain on global investment, trade, and economic activity.

Textile chemicals are products that are used in the treatment of textile material at various stages in the manufacturing process. The product plays an important role in obtaining favorable textile properties. The rising applications of textile chemicals across diverse industry verticals will emerge in favor of the growth of the overall market in the forthcoming years. The massive investments in the development of efficient textile chemicals by major companies across the world will contribute to the growth of the market. Accounting to the rising awareness regarding the use of harmful chemicals and their adverse effects on the quality and durability of textiles, there is an increasing demand for green textile chemicals across the world. The increasing R&D activities will play a crucial role in the development of green textile chemicals in the coming years.

Cost-reduction Needs have put Innovations to the Fore

The report encompasses several factors that have contributed to the growth of the overall textile chemicals market in recent years. Among all factors, the increasing number of product innovations driven by rising need for low-cost products will have a huge impact on the growth of the market. Several companies are focusing on manufacturing methods with the view to minimizing the total product cost. In October 2019, Huntsman Corporation, a leading textile chemical manufacturer, announced that it has launched a new dyeing auxiliary that will save the total cost of polyester dyeing. The company introduced ‘Eriopon E-3 SAVE’ dyeing; a product with the ability to shorten the dyeing cycle of the polyester. The product will combine pre-sourcing, reduction, and dyeing in a single bath. This will significantly reduce the time as well as the cost associated with the product. Huntsman’s latest product is not the only progress that the company has made and recent activities will help the company gain a formidable stand in the market.

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Asia Pacific Likely to Emerge Dominant; Presence of Major Textile Manufacturers will Bode well for Market Growth

The report analyses the latest market trends across five major regions, including North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among all regions, the market in Asia Pacific is projected to emerge dominant in the coming years. Asia Pacific is the hub for leading textile manufacturers. The region is home to companies such as DIC Corporation, Sarex Chemicals, and Kiri Industries. The favorable climatic conditions have led to an ease of availability of raw materials in several countries across this region. As of 2019, the market in Asia Pacific was worth 1.55 billion and this value is projected to increase at a considerable pace in the coming years.

The market in North America will rise considerably driven by the rise of the textile industry in this region. The country is constantly engaging in developing efficient textile apparels for use in the defense sector as well as the healthcare industry.

List of companies profiled in the report:

  • Archroma (Switzerland)
  • Huntsman Corporation (USA)
  • DIC Corporation (Japan)
  • Kiri Industries Ltd. (India)
  • Covestro AG (Germany)
  • Omnova Solutions Inc. (USA)
  • Lubrizol Corporation (USA)
  • Solvay S.A. (Belgium)
  • Evonik Industries (Germany)
  • Tanatext Chemicals (Netherlands)
  • Rudolf GmbH (Germany)
  • NICCA Chemical Co. Ltd. (Japan)
  • Kemin Industries Inc. (USA)
  • JINTEX Ltd. (Taiwan)
  • Sarex Chemicals (India)

Industry Developments:

  • March 2020: Huntsman Corporation announced the launch of a new high performance polyester dye. The company introduced ‘Terasil Blue W Dye,’ for polyester sport and athleisure wear.

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Thursday, September 1, 2022

North America Hot Melt Adhesives Market Statistics and Research Analysis Detailed in Latest Research Report

The North America hot melt adhesives market size stood at USD 1.86 billion in 2021. The market is anticipated to surge from USD 1.98 billion in 2022 to USD 2.80 billion by 2029 at a 5.1% CAGR during the forecast period. Fortune Business Insights™ has elucidated these insights in its latest research report, titled, “North America Hot Melt Adhesives Market2022-2029.”

According to the analysis, hot melt adhesives (HMAs) will be highly sought-after for manufacturing solid materials based on thermal polymers. Prominently, expanding the packaging and construction sector will augur well for the regional growth. For instance, HMAs have become trendier to maintain storage space in the automotive sector amidst soaring demand for pressure-sensitive adhesives.

Major Players Profiled in the Market Report:

  • Exxon Mobil Corporation (U.S.)
  • Dow Inc. (U.S.)
  • 3M (U.S.)
  • Henkel Corporation (Germany)
  • B. Fuller Company (U.S.)
  • BASF SE (Germany)
  • Sika AG (Switzerland)
  • Bostik (France)
  • AVERY DENNISON CORPORATION (U.S.)
  • LyondellBasell Industries Holdings B.V. (U.S.)

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COVID-19 Impact

Moderate Demand from Construction Sector to Challenge Stakeholders

With the prevalence of supply chain disruptions across construction, footwear and packaging industries, industry players struggled to expand their penetration. Industry participants observed shifting global trade relations and transportation delays, prompting companies to invest in local production. Stakeholders are likely to bank on digital technology to boost the footfall of adhesives across the U.S. and Canada. In doing so, adhesive manufacturers could seek e-commerce channels and portable devices to expand their penetration.

Report Coverage

The report offers a comprehensive perspective of the market size, share, revenue and volume. It has also delved into Porters’ Five Force Analysis SWOT analysis. Quantitative and qualitative assessments have provided a holistic view of the North America Hot Melt Adhesives Market. The primary interviews validate assumptions, findings and the prevailing business scenarios. The report also includes secondary resources, such as annual reports, press releases, white papers and journals.

 

The ethylene vinyl acetate segment is likely to expand at a notable CAGR owing to surging demand for solar panels, packaging and pharmaceutical products. Moreover, rising investments in leather and footwear will encourage companies to invest in the portfolio.

Packaging to Gain Traction from the Presence of Leading Companies

In terms of application, the industry includes packaging, woodworking, transportation, assembly, footwear & leather, building & construction, bookbinding, nonwovens and others segments. The packaging application will account for a notable share of the North America market due to the trend for convenient options. Besides, leading players have infused funds into innovations and R&D activities.

 

Drivers and Restraints

Trend for Biodegradable Adhesive Packaging to Underpin Regional Growth

North America hot melt adhesives market growth will be noticeable on the back of the trend for biodegradable packaging across packaging, lamination and bookbinding industries. The global push for sustainable packaging solutions has prompted investments in biodegradable hot melt adhesives. Furthermore, traction for online shopping has augured well for leading companies vying to boost their footfall. Adhesive manufacturers could gain an uptick from the e-commerce sector across the U.S. and Canada. It is worth mentioning that durability, tremendous adhesion and adaptability to surfaces will play a pivotal role in boosting the industry growth.  

Meanwhile, possible chances of downtime could mar the regional growth in the ensuing period.  

Regional Insights

The U.S. to Spearhead Growth Outlook with Expanding Construction Activities

The U.S. market forecast will be strong in the wake of surging demand from commercial and residential activities across the region. Prominently, rising investments in the furniture sector could propel the penetration of polyurethane-based adhesives. It is worth noting that HMAs receive impetus from the rising production of automotive interior panels.

Canada will contribute significantly toward North America hot melt adhesives market share in the light of bullish demand for advanced infrastructure. End-users are likely to bank on burgeoning industrialization and urbanization over the next few years. Industry players are likely to invest in hot melt adhesives with a surge in demand for the paper board.

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Competitive Landscape

Stakeholders Invest in Product Launches to Expand their Footprint

Major players could infuse funds into product launches, technological advancements, mergers & acquisitions and R&D activities. Besides, leading companies will focus on innovations to boost their footfall in the next few years.

Prominent Industry Development

  • December 2020 – B. Fuller Company announced the launch of adhesive grades for intense cold handling of vaccinations and drug packaging.

Table of Content

  • Introduction
    • Research Scope
    • North America Hot Melt Adhesives Market Segmentation
    • Research Methodology
    • Definitions and Assumptions
  • Executive Summary
  • Market Dynamics
    • Market Drivers
    • Market Restraints
    • Market Opportunities
    • Emerging Trends
  • Key Insights
    • Key Emerging Trends
    • Regulatory Analysis
    • Recent Industry Developments - Policies, Partnerships, New Raw Material Launches, and Mergers & Acquisitions
    • Latest Technological Advancement
    • Porters Five Forces Analysis
  • Qualitative Insights – Impact of COVID-19 on North America Hot Melt Adhesives Market
    • Supply Chain Challenges
    • Steps taken by Government/Companies to overcome this impact
    • Potential opportunities due to COVID-19 outbreak
  • North America Hot Melt Adhesives Market Analysis, Insights and Forecast, By Raw Material 2018-2029
    • Key Findings / Summary
    • Market Size Estimates and Forecast (Volume/Value)
      • Ethylene Vinyl Acetate (EVA)
      • Polyolefin
      • Styrenic Block Copolymers (SBC)
      • Polyurethane (PU)
      • Polyester
      • Others

Table of content continued

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