Global Hygiene Adhesives Market - Segmented by Product Type, Application, Resin type, and Geography - Growth, Trends, and Forecast (2018 - 2023)
The global hygiene adhesive market is expected to register a CAGR of approximately 9.7%, during the forecasted period, 2018-2023. The major factor driving the market growth is the increasing demand for disposable hygiene products, such as baby diapers, feminine products, which is instilling demand for nonwoven high performance hygiene adhesives globally, and hence, driving the studied market.
Disposable Hygiene Products Driving the Market
Increasing demand for disposable hygienic products in Asia-Pacific countries, like China, India etc. has been the major factors for the market growth. Asia-Pacific countries, like India has been witnessing a rising demand due to the increasing income leading to pursuing more comfortable and convenient lives. In addition, government has taken initiatives to promote sanitary products in poor areas. According to BCH (Indian Nonwovens Industry Association) the sanitary penetration rate has increased by 18% from 2014.
Nonwoven the Highest Growing Product Type
The global hygiene adhesives market, based on the product types, can be broadly segmented into product type, application, and resin types. Nonwoven product type is expected to grow at a good rate because of growing demand for baby diapers, and female hygiene products in China and India.
Asia Pacific a Potential Market
The market, based on the geographic area, is segmented into Asia-Pacific, North America, Europe, South America, and the Middle East & Africa. In terms of consumption in 2016, North America held a significant market share, followed by Europe and Asia-Pacific. Asia Pacific is expected to show a good increase during the forecasted period, because of growing adoption of female hygiene products in these countries, like India, China etc. Europe has shown a decrease in consumption because of low birth rate in recent times, decreasing its hygiene adhesives consumption.
Major Players: 3M, Dow Chemicals Company, H. B. Fuller Company, and SIKA AG amongst others.
Reason to Purchase this Report
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Analyzing various perspectives of the market with the help of Porter’s five forces analysis
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Countries expected to witness the fastest growth during the forecast period
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