A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global Polyester
Hot Melt Adhesives
Market.
The study, titled “Polyester
Hot Melt Adhesives Market - Global Industry Analysis, Size, Share,
Growth, Trends and Forecast 2016 - 2024”,
is available for sale on the firm’s website.
Global
Polyester Hot Melt Adhesives Market: Outlook
Hot
melt adhesives can be composed of a variety of materials. Polyester
resin is one such material. Polyester resins can be produced by
reacting a dicarboxylic acid with a diol. The number of carbon atoms
in the diol chain has a significant impact on properties of the
resultant polyester resin. Longer the diol chain, higher is the
melting point and rate of crystallization of the polyester produced.
Additionally, the degree of crystallization of the polyester product
is inversely proportional to length of the diol chain. Polyester hot
melt adhesives compete with polyamide hot melt adhesives in terms of
performance, bond strength, moisture resistance, and longevity.
Polyester hot melt adhesives have lower strength and melting point as
compared to polyamide hot melt adhesives. However, polyester hot melt
adhesives are more tolerant to moisture owing to absence of hydrogen
bonds. Other than these factors, polyester and polyamide hot melt
adhesives are similar and are used in high-performance applications.
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Polyester
hot melt adhesives are most commonly used in adhesion of fabrics due
to their flexibility and compatibility with fabrics, especially
polyester-based fabrics. Polyester hot melt adhesives offer high
tensile strength and perform well at high temperatures. Polyester hot
melt adhesives can be used individually as well as with several
additives within the formulation based on various application
requirements.
Polyester
hot melt adhesives are utilized in niche applications and constitute
less than a tenth of the hot melt adhesives market. The polyester hot
melt adhesives market is primarily driven by high demand from
high-performance applications in protective clothing. It is mostly
used in protective jackets, hazmat suits, and fabric applications
where high temperature tolerance is necessary. Hot melt adhesives
offer advantages such as quick curing time, low VOC emissions, and
easy application through the glue gun. However, production of
polyester hot melt adhesives is slightly complex, and minor
mishandling can lead to weaker brittle bonding. This allows for its
substitution with cheaper hot melt adhesive products. Development of
new formulations for novel applications in the packaging industry is
anticipated to be a prospective avenue for future growth of the
polyester hot melt adhesives market in the near future.
Global
Polyester Hot Melt Adhesives Market: Drivers and Restraints
Rising
market demand and incessant push for eco-friendly adhesives have led
to rise in strategic initiatives by market players in the past years.
Key players are prying new markets through agreements, joint
ventures, partnerships, and collaborations globally to use the
advantage of untapped market opportunities while availing the
benefits of combined operational synergies.
Fluctuating
raw material prices are a chief restraining factor likely to hinder
the market growth. Polyester hot melt adhesives are downstream
specialty derivatives of petroleum-based feedstock, prices of which
ebb and flow with the commodity marketplace. This puts downward
pressure on the margins of industry players, especially small- and
medium-sized players, who are already pitching aggressively low
prices to gain market share in the highly fragmented market.
Global
Polyester Hot Melt Adhesives Market: Regional Outlook
The
polyester hot melt adhesives market in Asia Pacific is fueled by
rising demand from end-user industries including packaging,
book-binding, automotive, transportation, textiles, and footwear
industries. Additionally, a movement away from solvent-based
adhesives owing to harmful effects of volatile organic compounds
(VOC) emitted from these adhesives is anticipated to boost market
growth of polyester hot-melt adhesives in all geographies in the long
term. Steady pressure from regulatory bodies including REACH
(Registration, Evaluation, Authorization, and Restriction of
Chemicals) and EPA (Environmental Protection Agency) is likely to
limit the usage of solvent-based adhesives in a bid to reduce severe
impact on the environment, especially in Europe and North America.
This, in turn, is projected to alleviate the global hot melt
adhesives market, including polyester hot melt adhesives.
Furthermore, strong bonding without the necessity to cure these
adhesives after dispensing boost the designing of easier and low-cost
industry processes. This is an incentive for market players and
price-sensitive buyers to shift from conventional adhesives to hot
melt adhesives.
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Global
Polyester Hot Melt Adhesives Market: Companies Mentioned in the
report
Major
share of the market is serviced by small and medium-sized players.
Key global players in the polyester hot melt adhesives market include
Henkel AG & Co. KGaA, H. B. Fuller Company, Bostik SA, Eastman
Chemical Company, and Sika AG.
The
report offers a comprehensive evaluation of the market. It does so
via in-depth qualitative insights, historical data, and verifiable
projections about market size. The projections featured in the report
have been derived using proven research methodologies and
assumptions. By doing so, the research report serves as a repository
of analysis and information for every facet of the market, including
but not limited to: Regional markets, technology, types, and
applications.
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