Asia-Pacific Hot-Melt Adhesives Market Growth, Trends & Forecast 2018-2023 - ResearchAndMarkets.com
The "Asia-Pacific Hot-Melt Adhesives Market - Segmented by Resin Type, End-user Industry, and Geography - Growth, Trends and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The Asia-Pacific hot-melt adhesives market is expected to register a moderate CAGR during 2018-2023 (the forecast period).
The automotive industry employs hot-melt adhesives for a host of applications, including bonding, insulating, and cushioning materials, bonding headlight, fixing cables in the roof lines, to bond door sill protectors, and other plastic parts, and for wheel covers.
The application of adhesive bonding enables a significant weight reduction of the vehicle, an increase of the body stiffness, improved crash performance/safety, and enhanced NVH characteristics as compared to conventional joining technologies. In 2017, the Indian automotive industry grew by 5.83%. Between the FY 2006-2017, the passenger vehicle segment witnessed the fastest growth, registering a CAGR of around 10%. The Automotive Mission Plan 2016-26 (AMP 2026) targets a fourfold growth in the automotive industry.
The Chinese Ministry of Transport and National Development and Reform Commission (NDRC) have planned to invest about USD 724 billion during 2016-2018, in order to construct over 303 key transportation projects, including railways, highways, waterways, airports, and urban rail. Under the 13th five year plan (2016-2020), the Chinese government is planning for infrastructure development of 30,000 km of railway lines and 30,000 km of expressways. In 2017, the production of light vehicles in the country recorded a growth of 1.6% YOY, reaching an overall production of 24,806,687 units. Aging population, increase in urbanization, and rise in income are a few factors driving the healthcare industry in the country.
Companies Mentioned
- 3M
- Alfa International Corporation
-
Arkema Group
- Ashland Inc.
- Avery Dennison Corp.
- Cyberbond Llc
- Dow Chemical Co.
- Dymax
- Franklin International
- H.B. Fuller Co.
- Henkel AG & Co. KGaA
- Hexcel Corporation
- Hexion
- Huntsman Corp.
- Jowat AG
- LORD Corp.
- Mactac
- Mapei Spa,Master Bond
- Paramelt B.V
- Permabond Engineering Adhesives Ltd.
- Pidilite Industries Ltd.
- Sika AG
- Super Glue Corp.
- Wacker Chemie AG
- Yokohama Industries.
Key Topics Covered:
1. Introduction
2. Executive Summary
3. Market Insights
4. Market Dynamics
5. Market Segmentation and Analysis
6. Regional Market Analysis
7. Competitive Landscape
8. Company Profiles
9. Future of the Market
10. Disclaimer
For more information about this report visit https://www.researchandmarkets.com/research/zw4mtt/asiapacific?w=4
View source version on businesswire.com: https://www.businesswire.com/news/home/20180430005926/en/