REACTIVE HOT MELT ADHESIVES MARKET ANALYSIS

Market Challenges And Opportunities

Market Dynamics

• Growing infrastructural activities and residential construction in the emerging economies is expected to be another factor aiding in growth of the market. According to the National Skill Development Corporation (NSDC), the demand for affordable housing is expected to increase from current level in 2017 of 29 million households to around 38 million households by 2030. This has led to surge in demand for different and unique furniture in houses, and this is expected to increase demand for reactive hot melt adhesives. This is expected to foster growth of the global reactive hot melt adhesives market during the forecast period.
• Manufacturing companies in different end-user industries such as automotive, furniture, and packaging are increasingly using reactive hot melt adhesives as these exhibit better adhesive properties than conventional adhesives. Reactive hot melt adhesives offer various benefits such high tolerance to extreme temperature ranges, better adhesive properties in lesser quantity, easily applicable, faster curing time which results high production rate, better durability, and strength.