Hot Melt Adhesives Market
The ever-increasing need for high performance adhesives across modern applications drives the growth of hot melt adhesives. Further, the technological advancement in production capabilities and enhancing properties of hot melt adhesives will fuel the growth to a higher rate.Hot melt adhesives are solvent-free, solid compounds that have negligible or no VOC (volatile organic compound) compared to solvent-based adhesives. The stringent regulations of EPA (Environment Protection Agency) and REACH (Registration, Evaluation, Authorization, and Restriction of Chemicals) in the U.S. and Europe leads the adhesive industry towards a shift of technology from solvent-based adhesives to hot melt adhesives.The market for hot melt adhesives is driven by changing trends in various end-user segments such as packaging, non-woven, pressure sensitive applications, etc. This also results in the development of newer and improved application and performance properties. The major hurdle, which is currently to inhibit the growth of the market, is volatility in the prices of raw materials used to manufacture hot melt adhesives.
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