Amorphous Polyalphaolefin (APAO) For Hot Melt Market By Product (Homopolymers, Copolymers, Terpolymer), By Application (Paper & Packaging, Bookbinding, Personal Hygiene, Woodworking, Product Assembly, Others) - Growth, Future Prospects And Competitive Analysis, 2024 - 2032

28 Jul 2022 Format PDF icon PPT icon XLS icon Request Sample

The market for amorphous polyalphaolefin (APAO) for hot melt is expected to grow at a CAGR of 6.5% during the forecast period of 2023 to 2030. The rapid expansion of the global packaging sector and the expanding application of adhesives are two of the primary factors that are driving the expansion of the global amorphous polyalphaolefin (APAO) for the hot melt market. Because of their advantageous combination of chemical and physical qualities, amorphous polyalphaolefin, also known as APAO, is marketed as a material that is highly useful in the formulation of hot melt adhesives. One of the most common applications for amorphous polyalphaolefin is in the production of hot melt adhesives because of the material's resistance to moisture, anti-corrosion capabilities, chemical inertness, and anti-UV properties. Other desirable attributes include chemical inertness. APAO was initially obtained as a by-product of the synthesis of isotactic polypropylene (iPP). However, due to the development of the Ziegler-Natta (Z-N) catalyst, which is utilised in the polymerization process, APAO production is now also possible through the polymerization of propylene and ethylene. Nevertheless, there are a few obstacles to overcome, such as the fluctuating cost of the raw materials and the inability of APAO-based hot melt to form cohesive bonds in structures. The expansion of the global amorphous polyalphaolefin (APAO) for the hot melt market could be negatively impacted as a result of these factors.

Amorphous Polyalphaolefin (APAO) For Hot Melt Market

Personal Hygiene Products and Automobiles Sector to Promising Growth

The rapid expansion of the market for personal hygiene products is expected to fuel the development of this industry as well. There has been a rise in the demand for lightweight automobiles, and the growing problem of pollution has resulted in more rigorous regulations, which have, in turn, led to an increase in the demand for vehicles with reduced emissions. Because of this, it is anticipated that demand for APAO will increase. Because APAO can form bonds with a wide variety of substrates, including delicate papers, complex plastics, corrugated containers, foams, wood, metal, and particle board, the use of these products is expected to increase in the years to come, which will result in the development of new opportunities for expansion within the market.

Volatile Costs and Drawback of AMAO to Restrain the Market Growth

The variability in the price of feedstock is one of the causes that is hindering the growth of this market, and this, in turn, is impacting the availability of raw materials. Other factors include: The inability of amorphous polyalphaolefin-based hot melt adhesives to form cohesive bonds in buildings with high load-bearing capacities will prevent AMAO from being widely used in the construction and building industries. The expansion of the market will be hampered as a result. The combination of APAO with resins, wax, and tackifiers will, in the years to come, improve the hot melt properties as well as the process abilities of amorphous polyalphaolefin-based hot melt adhesives. This improvement will take place in both the hot melt properties and the process abilities of the adhesives. This, in turn, will provide growth chances for the market that are both potential and promising.

Significant Opportunities Across Domains

It is anticipated that the rising preference for lightweight and low-emission automobiles will give new prospects for a lucrative business, which will ultimately lead to the rapid expansion of the Amorphous Polyalphaolefin (APAO) For Hot Melt Market. It is largely due to the use of structural adhesives that automotive manufacturers have been able to cut down on both their production weight and emissions. These adhesives are used to hold together a variety of materials that are used in the construction of automobiles. This, in turn, serves to improve the rigidity and stiffness of the vehicle without significantly adding to its mass. In addition, the combination of amorphous polyalphaolefin with resins, wax, and tackifiers will improve the capabilities of APAO-based hot melt adhesives in terms of both their hot melt qualities and their ability to be processed. As a result, the market has numerous potential for further expansion.

Co-Polymers Dominating in terms of Revenues and Homopolymers Promising Growth

In 2021, the co-polymer segment was the product category that generated the most revenue. It is predicted that the co-polymer segment will expand at a compound annual growth rate (CAGR) of 6% during the forecast period 2023 to 2030. Because of its excellent processability, resistance to deformations, wettability, and better heat resistance, APAO-based copolymers are an excellent alternative for the formulation of low viscosity grade transmission oils. Other favourable qualities of this material include improved processability.

Because of its various qualities, such as better impact strength, durability, and toughness, the section of the market devoted to copolymers holds a sizeable portion of the overall market. Additionally, under conditions of low temperature, it possesses improved resistance to stress cracks as well as improved toughness. Homopolymers are distinguished by their high strength-to-weight ratio and superior stiffness, weldability, and chemical resistance. Furthermore, homopolymers find widespread application in the construction of corrosion-resistant structures. During the period covered by the projection, it is anticipated that this market sector will expand at a CAGR of more than 6.2% during the forecast period.

Paper and Packaging Applications Dominated in 2021, Personal Hygiene to Grow the Fastest

Due to the continuously increasing demand for the product within the paper and packaging industry, the paper and packaging application category held the largest market share in 2021. As a result of the growing demand for various personal hygiene products, the personal hygiene application sector is poised to increase at a rapid pace during the forecast period due to the growing awareness of, and demand for, personal hygiene products such as diapers, feminine hygiene products, and other similar items in developing and underdeveloped countries.

North America Remains as the Global Leader, APAC Promises Significant Opportunities

North America held the largest share of market revenues in 2021. This is because of the expansion of the packaging business in the region, as well as the growing preference for purchasing pre-packaged food items. Because of the shale gas revolution in the United States, there is an abundant supply of raw materials (olefins), which is required for the manufacturing of amorphous polyalphaolefin. As a result, North America has been leading in the market for amorphous polyalphaolefin-based hot melt in terms of volume. The rapid expansion of the amorphous polyalphaolefin marker for hot melt in the North American region is being driven by a combination of factors, including the simple acquisition of raw ingredients and the competitive price.

However, Asia Pacific will soon become the new epicentre for the manufacturing of consumer and industrial goods, which will result in a significant increase in the demand for APAO. The economy of the Asia Pacific region is strengthening, and as a result, manufacturing bases for the production of consumer and industrial goods are being outsourced to developing economies such as China and India. As a result, the Asia Pacific region is expected to expand at a rapid rate during the forecast period of 2023 to 2030. On the other hand, the APAO market in Africa and the Middle East will portray a moderate rate of expansion.

Product Innovation is a Key to Enhance Market Share

The market is characterized by the presence of a number of prominent multinational corporations. These corporations include Henkel AG & Company, Evonik Industries, Arkema, Eastman Chemical Company, Huntsman Corporation, H.B. Fuller, and REXtac. Other significant competitors in the market for hot melt APAO include the Liaoyang LiaohuaQida Chemicals Company, the Evans Adhesive Corporation, the Guangdong Orient Resin Company, the Glue Machinery Corporation, Texyear Industrial Adhesives, Bond Tech Industries, Almas FanavaranGiti Company, and Adtek Malaysia Sdn. Bhd. In order to achieve a competitive advantage over other players in the industry, a number of manufacturers operating in the market for hot melt APAO are concentrating their efforts on the launching of novel and cutting-edge amorphous polyalphaolefin products.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Amorphous Polyalphaolefin (APAO) For Hot Melt market are as follows:

  • Research and development budgets of manufacturers and government spending
  • Revenues of key companies in the market segment
  • Number of end users and consumption volume, price and value.
  • Geographical revenues generate by countries considered in the report
  • Micro and macro environment factors that are currently influencing the Amorphous Polyalphaolefin (APAO) For Hot Melt market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Research Period  2022-2032
Base Year 2023
Forecast Period  2024-2032
Historical Year  2022
Unit  USD Million
  • Homopolymers
  • Copolymers
  • Terpolymer

  • Paper & Packaging
  • Bookbinding
  • Personal Hygiene
  • Woodworking
  • Product Assembly
  • Others (Including, footwear, textiles, asphalt modifiers, electronics, wires & cables etc.

 Region Segment (2022-2032; US$ Million)

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • UK and European Union
    • UK
    • Germany
    • Spain
    • Italy
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa
    • GCC
    • Africa
    • Rest of Middle East and Africa

Key questions answered in this report

  • What are the key micro and macro environmental factors that are impacting the growth of Amorphous Polyalphaolefin (APAO) For Hot Melt market?
  • What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
  • Estimated forecast and market projections up to 2032.
  • Which segment accounts for the fastest CAGR during the forecast period?
  • Which market segment holds a larger market share and why?
  • Are low and middle-income economies investing in the Amorphous Polyalphaolefin (APAO) For Hot Melt market?
  • Which is the largest regional market for Amorphous Polyalphaolefin (APAO) For Hot Melt market?
  • What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
  • Which are the key trends driving Amorphous Polyalphaolefin (APAO) For Hot Melt market growth?
  • Who are the key competitors and what are their key strategies to enhance their market presence in the Amorphous Polyalphaolefin (APAO) For Hot Melt market worldwide?
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