Global non-woven adhesives market report, published by Allied Market Research, forecasts that the global market is expected to garner $2,809 million by 2022, registering a CAGR of 9.9% during the period 2016-2022. The ethylene vinyl acetate segment dominated the market in 2015, with around half of the market volume share.
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Surge
in demand for products that have powerful bonds delivery, excellent color
stability, improved sustainability, and superior absorbent quality across
various end user industries are the factors that drive the growth of the
market. In addition, product innovation, low manufacturing cost, and waste
minimization supplements the market growth. Traditional nonwoven adhesives are
temperature sensitive, and thus soften at elevated temperatures. These
adhesives cannot be applied on temperature-sensitive substrates at 375-450F, as
they become susceptible to creep or joint movement at higher temperatures,
which leads to bond failure and is the major restraint of the market. However,
growth in usage of nonwoven adhesives in medical industry is expected to
provide new opportunities.
Nonwoven
adhesives play a significant role in product transformation in hygiene
industry, as these adhesive solutions are compatible with all application
techniques and adhere to a range of porous and nonporous substrates. Variety of
raw materials are available for production of these adhesives such as ethylene
vinyl acetate (EVA), styrenic block copolymers (SBC), polyolefin (PO),
polyamide, polyester, and polyurethane. These adhesive solutions provide ease
of manufacturing, as they can be easily mixed, offer a broad temperature range
for application, and set up fast. Their exposure to elevated temperatures
results in bond failure, which can be prevented by cross-linking the polymer
molecules after setting.
Styrenic
block copolymers (SBC) holds one-fourth of the market share, in terms of
revenue, in 2015, and estimated to grow at a high CAGR of 10.5% as compared to
the other types. The major reason behind higher growth rate of SBC is growing
usage in the market owing to low cost and faster bond strength development.
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Key
Findings of the Nonwoven Adhesives Market
- Asia-Pacific is
expected to continue to lead the market during the forecast period,
followed by Europe.
- Styrenic
block polymers market volume is projected to grow with a CAGR of 11.6%
from 2016 to 2022, in terms of volume.
- Adult
incontinence segment is projected to show the fastest growth with a CAGR
of 10.2% between 2016 and 2022, in terms of revenue.
- Brazil accounted
for half of the LAMEA nonwoven adhesives market in 2015.
- Indian
nonwoven adhesives market is expected to grow at a high CAGR
in Asia-Pacific, registering a CAGR of 10.9%.
- Germany and Italy accounted
for around half of the European nonwoven adhesives market in 2015.
Asia-Pacific and Europe collectively
contributed more than half of the share to the global nonwoven adhesives market
revenue in 2015. In the same year, Asia-Pacific dominated the market,
owing to high demand for disposable products hygiene industry.
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The
prominent market players are Henkel AG (Germany), H.B.
Fuller (U.S.), Bostik SA (U.S.), Beardow Adams Ltd. (UK), Lohmann Koester
GmbH & Co. Kg (Germany), Adtek Malaysia Sdn. Bhd. (Malaysia), Savar
Specialty Adhesives (U.S.), The Dow Chemical Company (U.S.), 3M Corporation
(U.S.), and Kraton Corporation (U.S.).
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