California hot melt adhesives market size was 105.11 million lbs in 2014. Trend in substitution of conventional fasteners by hot melt technology in packaging, disposable products and pressure sensitive products are a vital determinant for industry development.
Kraton Performance Polymers, Inc. has unveiled its new developmental polymer, Kraton G1653 polymer, is a styrene-ethylene-butylene-styrene (SEBS) block copolymer. With lower molecular weight than Kraton G1652 polymer, it still retains the high tensile strength and toughness of Kraton G1652 while offering significantly lower melt and solution viscosities. Kraton G1653 is suitable for food contact and medical applications.
Polymers such as resins and fibers, elastomers such as natural rubber and thermoplastic elastomers and biodegradable plastics used in various forms in medical and healthcare applications are collectively known as medical polymers. Traditionally, metals, glass and ceramics have been used as medical implants, devices and supports. However, polymers are more suitable for these applications due to lesser weight, better biocompatibility and lower cost.
Avery Dennison Labels & Packaging Materials Europe has developed an adhesive that improves product security on pharma box packs.
The North America Hot Melt Adhesives Market was valued at USD 1.6 billion in 2015 and is projected to reach USD 2.2 billion by 2020, at a CAGR of 5.83% during the forecast period from 2015 to 2020. Hot Melt Adhesives, also known as hot glue, is a solvent-free and thermoplastic material.
The global market share of the lamination adhesives for flexible packaging market in 2016 is estimated at US$ 1.3 Bn and this is likely to increase to US$ 2.2 Bn by 2024, projected to increase at a CAGR of 6.4% throughout the forecast period (2016-2024).
The global automotive adhesive tapes market size was USD 6.19 billion in 2015 and is expected to witness significant growth over the next eight years owing to rising vehicle production in China, India, Mexico, and Brazil.
Adhesives are substances used to bind two or more surfaces or components together. Specialty adhesives possess specific features that render them useful for specific high-value applications across a multitude of industries. Electronics adhesives are one such specialty adhesives used for the assembly and packaging of electronics in industries such as automotive, consumer electronics, and medical devices. The rising demand for electronics devices across the globe has resulted in the increasing demand for adhesives with specific properties and characteristics suitable to the intended application.
Global medical adhesives market is expected to witness growth over the forecast period in light of increasing number of geriatric consumers and growing demand for electronic and automotive applications.
Thermoplastic Elastomers (TPE) market in India is projected to US$900 million by 2025. TPE is being widely adopted as an environment friendly substitute for Polyvinyl Chloride (PVC) polymers. Over the last few years, increasing consumption across various applications such as automotive, consumer durables, industrial, medical, footwear, etc., has been instrumental boosting demand for thermoplastic elastomers (TPEs) in India.
The market size of Southeast Asia waterproofing is estimated to reach USD 5.35 billion by 2021, at a CAGR of 14.52% between 2016 and 2021. The increasing building & construction activities in the developing countries of Southeast Asia have significantly influenced the waterproofing market in the region.
Hot melt adhesive popularly known as hot glue is a thermoplastic adhesive which is commonly marketed in solid cylindrical form of varied diameters. Hot melt adhesives are designed in such a way that it can melt in electric hot glue gun.