CoPolyester Hot Melt Adhesives and Resins Market Share, Key CoPolyester Hot Melt Adhesives and Resin
- sareena shaikh
- Jan 25, 2023
- 3 min read
The global copolyester hot melt adhesives and resins market size was USD 356.68 Million in 2022 and is expected to register a rapid revenue CAGR of 7.1% during the forecast period, according to latest analysis by Emergen Research. Rising demand from the packaging industry and automotive applications and rising consumer interest towards sustainable ecological alternatives, as well as technological advancements in product design of copolyester hot melt adhesives and resins are key factors driving market revenue growth.
One of the most common types of synthetic resins, copolyester hot melt adhesives and resins are built from copolyester polymers.
The Global CoPolyester Hot Melt Adhesives and Resins market drivers and restraints market is further segmented in terms of applications, end-user, end-use, geographic presence, by-products as well as services. In addition, the subject matter experts evaluating the industry provide an all-inclusive category-specific industry outlook. A comprehensive collection of data on major companies occupying a strong foothold in the industry adds immense value to the overall research. Flexible food and medical packaging, can coatings, and metallized paper packaging all benefit from saturated copolyester resins. They can also be used as raw ingredients or additives in various flexible packaging applications, including foiled primer, pre-print priming, printing ink, overprint varnish, and foil coatings.
The major companies Covered in the report are:
Bostik, Henkel Corporation, H.B. Fuller Company, ROWAK AG, Guangzhou Wei Wang Hot Melt Adhesive Technology Co., Ltd.., 3M, Dow Inc., Avery Dennision Corporation, Sika AG, and Eastman Chemical Company.
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Emergen Research has segmented the global copolyester hot melt adhesives and resins market based on application, distribution channel, and region:
Application Outlook (Revenue, USD Million; 2019-2030)
Packaging
Textiles & Fabrics
Automotive
Electrical & Electronics
Polymer Films & Rolls
Others
Distribution Channel Outlook (Revenue, USD Million; 2019-2030)
Retailers
E-Commerce Platforms
Others
Regional Outlook (Revenue, USD Million; 2019-2030)
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Benelux
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
UAE
South Africa
Turkey
Rest of Middle East & Africa
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Key highlights of this research report:
The E-Commerce platforms segment accounted for largest revenue share in 2021. Consumers are turning to e-commerce websites to purchase from a large selection of options and take advantage of offers and discounts to avoid the inconvenience of physical shopping. E-commerce is changing the way that people buy and sell baby products, including training diapers. E-commerce websites have several benefits over other types of sales channels, in terms of product accessibility, affordability, transportation patterns, and many other important elements. This trend has been further intensified by the outbreak of pandemic. Consumers started to gravitate toward internet buying as a result of self-quarantine and social isolation practices. In addition, growth is also being supported by presence of numerous major international packaging companies, including Amcor, International Paper Company, and Crown Holdings, among many others, which significantly drives revenue growth of this segment.
The Europe market accounted for a significant revenue share in 2021. This is attributed to rising product launches by major companies in terms of product development of various types of products made of copolyester hot melt adhesives and resins, government regulations on sustainable packaging using biodegradable thermoplastic copolyester reins as well as increased funding and partnerships between major companies introduced by the government.
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