PUBLISHER: Market Research Future | PRODUCT CODE: 1549981
PUBLISHER: Market Research Future | PRODUCT CODE: 1549981
Global PU-based Reactive Hot Melt Adhesives Market Research Report Information By Source (High Temperature and Low Temperature), By Substrate (Plastic, Wood, and Others), By Application (Packaging, Automotive, Furniture, Textile, Electronics, and others), By Region -Forecast to 2030
The market size for PU-based reactive hot melt adhesives was estimated to be USD 738.3 million in 2023. The industry for PU-based reactive hot melt adhesives is expected to expand at a compound annual growth rate (CAGR) of 7.5% between 2024 and 2030, from USD 761.9 million to USD 1,226.4 million. Reactive hot melt adhesive based on petroleum jelly (PU) is a particular kind of adhesive distinguished by its distinct composition and curing properties. Reactive hot melt adhesives based on polyurethane (PU) undergo chemical curing after application, which results in the production of a strong and long-lasting bond, in contrast to typical hot melt adhesives that rely on physical cooling for bonding. Reactive ingredients in these adhesives, including epoxy or isocyanate groups, help to promote polymerization and cross-linking processes. Certain environmental factors, such as heat or moisture, initiate the curing process, which adds to the adhesive's improved performance characteristics.
Reactive hot melt adhesives based on PU are widely used in the packaging sector. These adhesives are excellent choices for packaging applications because of their many benefits. Their superior heat endurance over conventional thermoplastic hot melts is one of their main advantages. This heat resistance makes the glue excellent for packaging products that may be exposed to heat during storage or transportation because it guarantees the adhesive's integrity even at high temperatures. Reactive hot melt adhesives based on polyurethane (PU) also offer robust and long-lasting bonding, guaranteeing that packing materials stay tightly sealed. The adhesive's resistance to temperature swings, vibrations, and other environmental pressures adds to the packaging's dependability. For packaging applications where the contents must be shielded from the elements, this is especially crucial.
Market Segments Overview
There are two segments in the market for PU-based reactive hot melt adhesives: high temperature and low temperature. This segmentation is based on type.
The PU-based Reactive Hot Melt Adhesives Market is divided into plastic, wood, and other segments based on application.
The market for PU-based Reactive Hot Melt Adhesives has been divided into segments according to their applications, including electronics, packaging, automotive, furniture, and textiles.
Regional Market Insights
The market for reactive hot melt adhesives based on petroleum (PU) is divided into five regions: North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. The Asia Pacific market is anticipated to generate a sizeable portion of revenue during the forecast period and held the greatest market share of 46.05% in 2023. Asia Pacific is renowned for being a significant hub for manufacturing, with South Korea, China, Japan, and India among the nations that play important roles in a range of industries. The large market share in this area is a result of the need for adhesives in manufacturing processes. The Asia Pacific region's quick industrialization and infrastructural growth have boosted adhesive use in the building, automotive, packaging, and other industries, further expanding the market share. Many Asia Pacific nations have experienced economic growth and rising disposable incomes, which has increased demand for consumer electronics, automobiles, and consumer goods-all of which require adhesives for production and assembly.
The Jowat Group, Taiwan PU Corporation, Sika, Tex Year, B. Fuller Company, Bostik, 3M, Henkel AG & Co. KGaA, and Cattie Adhesives are some of the major players in the PU-based Reactive Hot Melt Adhesives Market.
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