Global Industrial Hot-melt Equipment Market 2017-2021
About Industrial Hot-melt Equipment
Hot-melt adhesives are thermoplastic adhesives available as solid cylindrical sticks of various diameters. The thermoplastic sticks are melted with the help of a hot-melt equipment so as to be used for necessary applications. Hot-melt equipment consists of a heating element, which melts the solidified thermoplastic sticks. The heating element is triggered by the user, and the glue is squeezed out of the equipment's nozzle. After the application of the hot-melt adhesive, the surface is allowed to dry for the adhesive to cure and solidify.
Technavio’s analysts forecast the global industrial hot-melt equipment market to grow at a CAGR of 3.84% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global industrial hot-melt equipment market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of are glue guns, benchtop hot-melt equipment, and hoses and hot-melt units.
The market is divided into the following segments based on geography:
Technavio's report, Global Industrial Hot-Melt Equipment Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Bio-based hot melt adhesives. There have been significant developments in the bio-based polymers segment, but with little impact on adhesives. The major reason for this was that bio-based polymers are used less in adhesives and more in plastics used for construction activities and manufacturing FMCG products. Despite the developments in the production of adhesives by adding environment-friendly additives, use of polymers has not advanced to hot-melt adhesives.”
According to the report, one of the major drivers for this market is Steady growth in the global adhesives and sealants market. The global adhesives and sealants market is expected to grow at a steady rate during 2017-2021. This uptrend in the market will be attributed to the increasing demand for adhesives in various industries. During 2017-2021, dispersion and emulsion adhesives are expected to have a significant presence in the global adhesives and sealants market because water-based reactive adhesives are being favored over solvent-based formulations. This is majorly the result of strict guidelines imposed by different government agencies of respective countries on the use of solvent-based adhesives.
Further, the report states that one of the major factors hindering the growth of this market is Threat of substitutes. Hot-melt adhesives have many substitutes that are supposed to offer better efficiency at low costs. In addition to this, with the benefit of reduced quantity required to create a strong adhesion between different materials, alternative adhesives are expected to pose a strong threat of substitute for hot-melt adhesives. Hot-melt adhesives are ideal for bonding two similar, heavy, and specific material type. But certain materials or product properties make the use of hot-melt adhesives difficult.