The report provides an overview of the “Polyurethane Hot-Melt Adhesive Market” industry including definitions, division, key vendors, key Development and market challenges. The Polyurethane Hot-Melt Adhesive Market analysis is provided the international markets including development trends, competitive landscape analysis, and key regions development status
Through the statistical analysis, the report depicts the global Polyurethane Hot-Melt Adhesive Market including capacity, production, production value, cost/profit, supply/demand and import/export. The entire market is further distributed by company, by country, and by application/type for the competitive landscape analysis.
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The Middle East & African market for polyurethane hot-melt adhesive market is expected to register a CAGR of 7.01% during the forecast period, 2019 to 2024. This significant growth is primarily driven by the burgeoning packaging industry in the region and booming woodworking industry in the United Arab Emirates.
– On the basis of type, reactive PU hot-melt adhesives dominated the market in 2018, with about 85% share. It is also expected to be the highest growing segment, recording a CAGR of about 7.14%, during the forecast period.
– The furniture industry dominates the market studied, with about 30% share, followed by paper, board, and packaging application.
The Polyurethane Hot-Melt Adhesive Market report also presents the vendor countryside and a corresponding detailed analysis of the major vendors operating in the market. Polyurethane Hot-Melt Adhesive Market report analyses the market potential for each geographical region based on the growth rate, macroeconomic parameters, consumer buying patterns, and market demand and supply scenarios.
Key Market Trends
Growing Demand from the Furniture Industry
– PU hot-melt adhesives have versatile applications in the woodworking industry. They can be used in making architectural and aesthetic elements, for profile wrapping, post forming, and soft forming, among others. The need for different kinds of furniture is driving the woodworking industry and thus, the demand for PU hot-melt adhesives in this industry.
– The furniture industry derives its demand mainly from two sectors, domestic or home market and commercial or office market.
– The increasing per capita income of the middle classes in developing countries has created a demand for furniture from these markets. Increasing industrialization is also driving the commercial furniture market.
– The rapid growth in the building and construction segment in the Middle East & African region will contribute to the growth of the PU hot-melt adhesives.
– The rising demand for new furniture from countries, such as South Africa, Saudi Arabia, and the United Arab Emirates is estimated to boost the demand for the PU hot-melt adhesives market. One of the reasons being the increasing furniture demand due to the rising construction activities and the other being the increasing furniture exports from some of these nations.
– For instance, rising construction projects in Saud Arabia, such as Junail II, The Kingdom Tower, Jeddah etc., are likely to have a positive impact on the PU hot-melt adhesives market for furniture applications
Saudi Arabia to Create a Significant Demand for the Market
– In 2018, Saudi Arabia dominated the market in the region. The market openness and investment opportunities were less when compared to other emerging economies. However, the government in its 10th development plan is reforming the economic plans, with investments in diversified sectors, and is trying to attract private investments in the country to make it a diversified economy that is not dependent on oil.
– Government and private investment in different sectors in the country is expected to lead the increase in the industrial and commercial building and construction activity, which, in turn, may increase the demand for PU hot-melt adhesives in the country in the coming years. This, in turn, is expected to fuel the wooden furniture production in the country.
– For instance, 14 new furniture factories are currently under construction. This is likely to be a positive factor for the demand for adhesives in the furniture sector during the forecast period.
– All the aforementioned factors, in turn, are expected to increase the demand for the polyurethane hot-melt adhesives in the country during the forecast period.
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Reasons to Purchase this Report
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis
- Study on product type and application expected to dominate the market.
- Study on regions expected to witness fastest growth during the forecast period.
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- 3 months’ analyst support along with the Market Estimate sheet (in excel).
Detailed Table of Content of Global Polyurethane Hot-Melt Adhesive Market – Growth, Trends, Forecast and Challenges (2019 – 2024)
1.1 Study Deliverables
1.2 General Study Assumptions
2. Research Methodology
2.2 Analysis Methodology
2.3 Study Phases
2.4 Econometric Modelling
3. Executive Summary
4. Market Overview and Trends of Polyurethane Hot-Melt Adhesive Market
4.2 Market Trends
4.3 Porter’s Five Force Framework
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Consumers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitute Products and Services
4.3.5 Competitive Rivalry within the Industry
5. Market Dynamics of Polyurethane Hot-Melt Adhesive Market
5.1.1 Increasing Production
5.1.2 Rising Demand
6. Global Polyurethane Hot-Melt Adhesive Market Segmentation, By Capacity
7. Global Polyurethane Hot-Melt Adhesive Market Segmentation, By Material Type
7.1 Type 1
7.2 Type 2
7.3 Type 3
8. Global Polyurethane Hot-Melt Adhesive Market Segmentation, Segmented by Region
8.1 North America
8.1.1 United States
8.1.3 Rest of North America
8.2.4 Rest of Asia-Pacific
8.3.1 United Kingdom
8.3.5 Rest of Europe
8.4 Rest of the World
8.4.2 South Africa
9. Competitive Landscape and Introduction of Polyurethane Hot-Melt Adhesive Market
9.2 Market Share Analysis
9.3 Developments of Key Players
10. Key Vendor Analysis (Overview, Products & Services, Strategies)
10.1 Company 1
10.2 Company 2
10.3 Company 3
And Many More….
No. of Pages: – 85
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