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Published Date: 2015-08-24Number of Pages: 150

Amorphous Polyalphaolefin (APAO) for Hot Melt (Homopolymers and Copolymers) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023

Global Amorphous Polyalphaolefin Market: Snapshot

Amorphous polyalphaolefin (APAO) has a beneficial combination of chemical and physical properties that market them very useful in the formulating of hot melt adhesives. Resistance to moisture, anti-corrosion properties, chemical inertness, and anti-UV properties are some of the characteristics of amorphous polyalphaolefin that make them popular in their use in hot melt adhesives. Obtained as a by-product of synthesis of isotactic polypropylene (iPP) initially, APAO production is now also possible through the polymerization of propylene and ethylene, thanks to the invention of Ziegler-Natta (Z-N) catalyst, which is used in the polymerization process.

Flourishing Packaging Industry to Drive Growth Prospects of Amorphous Polyalphaolefin Market

The global demand for APAO is fueled by the stupendous growth observed in the packaging industry, which is one of its key application areas. The high growth of the personal hygiene products market will also push the growth of this market. There has been an increasing demand for light weight vehicles and the growing pollution has led to stringent policies which in turn has created a demand for low-emission automobiles. This in turn is slated to drive the demand for APAO. As APAO can bond with most substrates such as complex plastics, delicate papers, corrugated containers, foams, wood, metal, and particle board, their application is slated to expand in the years to come and this will create growth opportunities in the market.

Volatility in Feedstock Cost May Affect Market

Some of the factors hampering the growth of this market include fluctuation in the pricing of feedstock, which in turn is affecting raw material supply. The cohesive failure of amorphous polyalphaolefin-based hot melt in structures that have high load-bearing will limit the use of AMAO in the construction and building sector. This will hamper the growth of the market. In the years to come, the blending of APAO with resins, wax, and tackifiers will improve the hot melt properties as well as the process abilities of amorphous polyalphaolefin-based hot melt adhesives. This in turn will create promising growth opportunities for the market.

Asia Pacific to Emerge Lucrative Regional Segment in Amorphous Polyalphaolefin Market

North America has been leading in the amorphous polyalphaolefin-based hot melt market by volume on account of the shale gas revolution in the U.S. leading to ample supply of raw materials (olefins), required for the manufacturing of amorphous polyalphaolefin. The easy procurement of raw materials and low cost together is driving the growth of the amorphous polyalphaolefin marker for hot melt in the North American region.

However, Asia Pacific will emerge as the new epicenter for the production of consumer and industrial goods, which will create a heightened demand for APAO. Asia Pacific will thus witness the highest growth rate for APAO for hot melt in the forecast period. The market in Latin America too will witness a healthy growth during the forecast period. However, the Middle East and Africa will witness a sluggish growth in the APAO market.

Amorphous polyalphaolefin (APAO) for hot melt (homopolymers and copolymers) adhesives are one of the recently introduced raw materials commonly used in the production of adhesives. APAO hot melt adhesives are primarily employed in personal hygiene products, woodworking, paper and packaging, product assembly, and many others. Until the 19th century, APAO was obtained as a byproduct of a mixture of isotactic polypropylene iPP. After the introduction of the Z-N catalyst, commercial production of amorphous polyalphaolefin started taking place by polymerization of ethylene and propylene in the presence of a Z-N catalyst.

The global amorphous polyalphaolefin for hot melt market is segmented on the basis of products, applications, and geography. The increase in the use of APAO for making different adhesives and formulations is expected to develop the global amorphous polyalphaolefin for hot melt market during the period from 2015 to 2023. 

The overview section of the report provides a detailed study of drivers, restraints, competitive analysis, leading players, developments, new project investment, different applications, and emerging trends in the global amorphous polyalphaolefin for hot melt market. The report also features other details of the global amorphous polyalphaolefin for hot melt market such as technical advancements and profiles of leading players. Porter’s five forces model is used by the analysts to better understand the competitive landscape of the global amorphous polyalphaolefin for hot melt market.

Overview of the Thermoplastic Polyurethane (TPU) Market 

The global amorphous polyalphaolefin for hot melt market was valued at US$192.1 mn in 2014 and is expected to be valued at US$328.6 mn by 2023. With the growing use of APAO for manufacturing adhesives, the global amorphous polyalphaolefin for hot melt market is expected to log a 6.20% CAGR by 2023. 

Based on applications, the global amorphous polyalphaolefin for hot melt market is classified into paper and packaging, personal hygiene, bookbinding, woodworking, product assembly, and others. The application segment is analyzed on the basis of historical, present, and future trends. The paper and packaging sector dominated the global amorphous polyalphaolefin for hot melt market in 2014, followed by the personal care sector. On the basis of geography, the global amorphous polyalphaolefin for hot melt market is segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. The product segment of the global amorphous polyalphaolefin for hot melt market is divided into copolymers and homopolymers. In terms of volume, the copolymers sector dominated the global amorphous polyalphaolefin for hot melt market in 2014.

Instability in feedstock prices is expected to affect raw material supply, which could threaten the growth of the global amorphous polyalphaolefin for hot melt market during the forecast period. However, the development of amorphous polyalphaolefin with resins, tackifiers, and wax is expected to create new opportunities for the amorphous polyalphaolefin market. 

Companies mentioned in the research report 

The global amorphous polyalphaolefin for hot melt market is consolidated in nature as the top five leading players collectively hold a 60% share of the market. Some of the prominent companies in the global amorphous polyalphaolefin (APAO) market are Eastman Chemical Company, H.B. Fuller, Bostik S.A., REXtac LLC, Liaoyang Liaohua Qida Chemicals Co., Ltd., Huntsman Corporation, Henkel AG & Company KGaA (Henkel), Evonik Industries AG, and Evans Adhesive Corporation, Ltd.  

 

Key segments of the Thermoplastic Polyurethane (TPU) Market

  • Amorphous Polyalphaolefin (APAO) for Hot Melt Market – Product Segment Analysis
    • Homopolymers
    • Copolymers
  • Amorphous Polyalphaolefin (APAO) for Hot Melt Market – Application Analysis
    • Paper & packaging
    • Personal hygiene
    • Bookbinding
    • Woodworking
    • Product assembly
    • Others (Including textiles, footwear, electronics, asphalt modifiers, wires & cables, electronics, etc.)
  • Amorphous Polyalphaolefin (APAO) for Hot Melt Market – Regional Analysis
    • North America
      • U.S.
      • Rest of North America 
    • Europe
      • France
      • U.K.
      • Spain
      • Germany
      • Italy
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • ASEAN
      • Rest of Asia Pacific
    • Latin America
      • Brazil
      • Rest of Latin America
    • Middle East & Africa (MEA)
      • GCC
      • South Africa
        • Rest of Middle East & Africa

Major regions analyzed under this research report are: 

  • Europe
  • North America 
  • Asia Pacific 
  • Rest of the World 

This report gives you access to decisive data such as:

  • Market growth drivers 
  • Factors limiting market growth
  • Current market trends 
  • Market structure
  • Market projections for the coming years 

Key highlights of this report

  • Overview of key market forces propelling and restraining market growth 
  • Up-to-date analyses of market trends and technological improvements 
  • Pin-point analyses of market competition dynamics to offer you a competitive edge
  • An analysis of strategies of major competitors 
  • An array of graphics and SWOT analysis of major industry segments 
  • Detailed analyses of industry trends
  • A well-defined technological growth map with an impact-analysis 
  • Offers a clear understanding of the competitive landscape and key product segments


 
 
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