Transparency Market Research has published a new report titled “Amorphous Polyalphaolefin (APAO) for Hot Melt Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015 - 2023.” According to the report, the global amorphous polyalphaolefin (APAO) for hot melt market was valued at US$ 192.1 Mn in 2014 and is anticipated to reach US$ 328.6 Mn by 2023, expanding at a CAGR of 6.2% between 2015 and 2023.
Amorphous polyalphaolefin (APAO) for hot melt is an olefin-based thermoplastic polymer. It has characteristic properties that offer resistance to corrosion and moisture, chemical inertness, and resistance to UV rays. APAO is booming as the new class of raw materials used in the formulation of hot melt adhesives in addition to ethylene vinyl acetate (EVA) and styrene-butadiene copolymers (SBC). Growth in the automotive industry is providing significant growth opportunities to the APAO for hot melt adhesives market. Product assembly application in the automotive industry has been a major revenue generator as these adhesives are used in panel laminations, trim, hotline fixing of car seats, and headlamp assemblies in the automotive industry. Volatility in feedstock prices has led to fluctuation in supply of raw materials. This acts as one of the major restraints in the market. Blending of APAO with tackifiers, resins, and wax provides lucrative opportunities to improve hot melt properties and process abilities of APAO-based hot melt adhesives.
In terms of volume, copolymers was the largest product segment of the global APAO for hot melt market in 2014. This segment is expected to witness significant growth during the forecast period due to its high impact strength. The polypropylene-based homopolymers segment is projected to expand at a healthy growth rate; however, the growth rate is likely to be lower than the global average growth rate.
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