The PSA market in Asia-Pacific was estimated at USD 3,991.5 million in 2017. The market is anticipated to register significant growth over 2018 to 2023 (the forecast period), at a CAGR of 7.52%.
The market for hot-melt adhesives is expected to grow at a CAGR of 6.31%, during the forecast period of 2019–2024. Major factors driving the market studied are the increasing demand from the automotive and packaging industries in Asia-Pacific and the rising environmental concerns regarding solvent-borne adhesives.
The standard vehicle assembly uses over 33 pounds of adhesives! Most of these are used inside the car to secure liners, trim, carpet, and, of course, seating.
The South America PUR hot-melt adhesives market is expected to register a CAGR of 6.06% during the forecast period, 2018-2023.
Global Flexographic Printing Plate Market to witness a CAGR of 7.8% during 2018-2024
The Europe hot-melt adhesives market is expected to register a CAGR of 5.52%, by revenue, during the forecast period (2019-2024). Major factors driving the market studied are the increasing demand from the automotive industry and the packaging sector.
Polyurethane hot melts are being used more and more in industries from high volume manufacturing to DIY and home repair. This is because PUR hot melts have some amazing characteristics that appeal to a huge set of users. PUR hot melts are non-toxic, quick setting, offer great temperature and weather resistance and are affordable at any volume requirement.
Based on resin type, the silicone segment is expected to grow at the highest CAGR during the forecast period.
Rising application scope in automotive, construction and medical industry will drive the thermoplastic polyolefins market growth.
The U.S. Food and Drug Administration (FDA) regulates the use of adhesives for food packaging. The regulations for substances other than adhesives discuss what should and should not come into contact with food. The FDA’s adhesive rules focus directly on the manufacturer’s responsibility to use the correct, approved adhesive for food packaging.
Increase in disposable income and rising health care expenditures have driven the demand for baby diapers. The key factors which drive the growth of baby diapers market include frequent use of diapers to maintain hygiene and prevent rashes in babies’skin.
There are so many kinds of shoes sole developed already, and they have quite different characteristics.