California hot melt adhesives market is expected to reach USD 159.2 million by 2022, according to a new report by Grand View Research, Inc. Increasing requirement for quicker bonding time in high speed product assembly and industrial applications is expected to boost industry growth over the forecast period.
Rising environmental concerns regarding VOC emissions has driven substitution of conventional adhesive technologies, such as solvent-based, with hot melts. Stringent environmental regulations regarding adhesive additives implemented by federal agencies such as EPA & U.S. Chemical Safety Board are expected have a major impact on industry dynamics, particularly in terms of product formulation and production.
Ethylene vinyl acetate (EVA) adhesives are expected to remain the largest product segment owing to high utilization by numerous end-users seeking better adhesion on non-porous substrates such as metals and glass. The segment accounted for over 37% of total market volume in 2014. It is also expected to witness the highest growth of 3.1% over the forecast period. With increasing consumer requirement for greater flexibility in curing & setting times, polyurethane (PU) hot melts are expected to gain in terms of utilization.
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Further key findings from the report suggest:
Grand View Research has segmented the California hot melt adhesives market on the basis of product and application:
California Hot Melt Adhesives Product Outlook (Volume, Million Lbs; Revenue, USD Million; 2012 - 2022)
California Hot Melt Adhesives Application Outlook (Volume, Million Lbs; Revenue, USD Million; 2012 - 2022)
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