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Global amorphous polyalphaolefin (APAO) for hot melt market to reach valuation of ~us$ 420 mn by 2027
Global amorphous polyalphaolefin (APAO) for hot melt market to reach valuation of ~us$ 420 mn by 2027
Amorphous polyalphaolefin is gaining increased traction in industries as demand for UV resistant, and chemically inert polymer continues to rise across a wide range of spectrum.

GlobalAmorphous Polyalphaolefin (APAO) for Hot Melt Market: Key Highlights

Amorphous polyalphaolefin is gaining increased traction in industries asdemand for UV resistant, and chemically inert polymer continues to rise acrossa wide range of spectrum. The growing demand for safety from consumers and industrialapplications of polymers rise, the amorphouspolyalphaolefin market isexpected to register significant growth.

Accordingto Transparency Market Research (TMR), the amorphous polyalphaolefin (APAO) forhot melt market is likely to reach a valuation of US$ 420.9 Mn by 2027. The amorphouspolyalphaolefin (APAO) for hot melt market was valued at US$ 244.3 Mn in 2018 and isexpected to exhibit a strong CAGR of 6.23% between 2019 and 2027. Thereport would provide detailed information about the working dynamics of theamorphous polyalphaolefin (APAO) for hot melt market.

Amorphouspolyalphaolefin or APAO as it is commonly known by is a thermoplastic polymer.It is ideal for industry wide use due to its corrosion resistance, resistanceto UV rays, and moisture, and chemical inertness. Moreover, qualities likecorrosion resistance are essential in manufacturing to improve the quality offinishing products, and its durable consumer use. Moreover, the chemicalinertness is ideal for filling it with a wide range of mixes for variousdifferent manufacturing requirements. Rising awareness about radiation, and itsaftermath are also expected to drive significant demand for its UV protectionabilities. This resistance is expected to drive significant growth for theamorphous polyalphaolefin market as UV radiation is a leading cause of cancer,which is largest among all chronic illnesses on the rise. Additionally, growingawareness about the radiation and safekeeping measures by entities like FDA areexpected to drive tremendous growth for derivatives of APAO in the near future.

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Applicationin Hot Metal Adhesives

The APAOmarket is expected to gain significant traction from the automotive,manufacturing, and construction sector in the near future. The rising demandfor vehicles despite the high interest rates, recent slowdown in the economy,on-going trade wars, and competition from trends like rent-a-cab is a positivesign for the auto industry. In recent years, the sales of automobiles haveslowed. However, according to industry experts these sales have nowhere slowedto their expectations and the market continues to see strong growth despitemajor setbacks which are expected to remain temporary. The APAO is importantfor the manufacturing of vehicles as most auto parts including metal bodies arerequire strong metal adhesives to bind together. The growing demand foranti-corrosion and safety from UV radiation can be major positives for the APAOmarket in the near future trends on the horizon like smart vehicles, autonomousdriving, and ups in the economy are also expected to drive growth for the APAOmarket in the near future.

Constraintsand Challenges in the APAO Market

The globalAPAO market is expected to witness significant growth in the near future fromthe construction industry as well. It is estimated that the global constructionsector will add another 15 trillion dollars to the worldeconomy in the next 15 years. This is a major boost for the global economy aswell as for the APAO market. This is not surprising as major economies in theworld including the US, China, and India are investing large sums ininfrastructure developments including ports, manufacturing hubs, metros, amongothers. This is expected to fuel strong growth for metal adhesives andsubsequently for APAO products as well.

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GlobalAmorphous Polyalphaolefin (APAO) for Hot Melt Market Dominated by Few BigPlayers

In globalamorphous polyalphaolefin (APAO) for hot melt market, consolidation in themarket remains a challenge as top 5 companies dominate over 60% of marketshare. It is important for smaller players to step up and invest in innovationas new opportunities continue to rise amidst strong growth. The global marketincludes prominent players such as Eastman Chemical Company, HuntsmanCorporation, H.B. Fuller Company, Henkel AG & Company KGaA (Henkel), BostikS.A., Evonik Industries AG, REXtac LLC, Evans Adhesive Corporation, Ltd.,Liaoyang Liaohua Qida Chemicals Co. Ltd.

GlobalAmorphous Polyalphaolefin (APAO) for Hot Melt Market – Key Developments

·        In November 2019, Evonikannounced that the company is engaged in research & development work inorder to come up with innovative solutions for recycling plastics and rubber.The company told that its additive Vestoplast®, an amorphous polyolefin that isprimarily used in hot-melt adhesives, may play an important role in optimizingthe recycling of polyethylene, which is processed in large quantities,especially in packaging films. The product can specifically improve the impactstrength or flow properties of polyethylene, which may be helpful for reusingrecycled plastic, for example in injection molding.

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TheGlobal Amorphous Polyalphaolefin (APAO) for Hot Melt Market has been segmentedas presented below:

AmorphousPolyalphaolefin (APAO) for Hot Melt Market: Product

·        Homopolymers

·        Copolymers

AmorphousPolyalphaolefin (APAO) for Hot Melt Market: Application

·        Paper & Packaging

·        Personal Hygiene

·        Bookbinding

·        Woodworking

·        Product Assembly

·        Others (Including textiles,footwear, electronics, asphalt modifiers, wires & cables, electronics,etc.)

AmorphousPolyalphaolefin (APAO) for Hot Melt Market: Regional Analysis 

·        NorthAmerica

o    U.S.

o    Rest of North America

·        Europe

o    U.K.

o    France

o    Germany

o    Italy

o    Spain

o    Rest of Europe

·        Asia Pacific

o    China

o    Japan

o    ASEAN

o    Rest of Asia Pacific

·        Middle East& Africa

o    GCC

o    South Africa

o    Rest of Middle East & Africa

·        LatinAmerica

o    Brazil

o    Rest of Latin America