How is the Shift from Conventional to New Automobile Assembly Techniques Driving Hot Melt Adhesives

At the present time, there is a surging need for making vehicles lightweight in order to increase their fuel efficiency. Because of this, there has been a shift in preference from traditional to new automotive assembly techniques. Conventionally, mechanical fasteners and welds, which provided increased strength and high performance, were utilized for bonding different parts of vehicles. However, now that the need for fuel-efficient vehicles had risen, manufacturers have started using lighter gauge metals, nonferrous metals, plastics, and coated steels for new vehicle designs. Attributed to this, the usage of holt melt adhesives for joining different automobile parts is rising.

Hot melt adhesives, also known as hot glue, are thermoplastic adhesives applied using a hot glue gun. As per a report by P&S Intelligence, in 2017, the global hot melt adhesives market generated a revenue of $7,353.1 million and is projected to attain a value of $10,259.7 million in 2023, witnessing a 5.7% CAGR during the forecast period (2018–2023). Among all the regions, namely Asia-Pacific (APAC), Europe, North America, and Rest of the World, Europe created the largest demand for hot melt adhesives during 2013–2017; however, during 2022–2023, the APAC region is expected to create the highest requirement for these adhesives.

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The different product types of hot melt adhesives are styrenic block copolymer (SBC), polyamide (PA), metallocene polyolefins (MPO), ethylene vinyl acetate (EVA), polyurethane (PU), amorphous polyalphaolefins (APAO), and polyester. The EVA category was the largest in demand during 2013–2017 and is further predicted to retain its position during the forecast period. This is attributed to the different advantages of this product, such as long shelf life, quicker setting time, and suitability in a range of temperatures. In addition, the expansion of the construction and automobile industries is also creating increasing demand for EVA. The fastest growth in demand is projected to be witnessed by the PU category in the coming years.

When application is taken into consideration, the hot melt adhesives market is divided into diapers, footwear, automobile, bookbinding, packaging products, furniture, textile, electronics, and others (which include filter and floristry industry). Out of these, the largest demand for hot melt adhesives was created for the packaging products application during 2013–2017 and situation is expected to remain the same in the near future as well. The fastest growth in demand is predicted to be registered by the furniture application in the coming years, owing to the growing need for fulfilling the demand of the rising population in countries including Germany, China, and India.

The rapid expansion of the packaging industry, which is occurring due to swift industrialization, is a key factor driving the requirement for hot melt adhesives. The rising purchasing power of individuals and changing consumption trend have resulted in the development of varied and eco-friendly products. The developing countries, primarily, are extensively making use of hot melt adhesives in packaging and automotive industries. The growing spending power in countries including Indonesia, China, and India has led to an increase in demand for various products such as electronics, clothes, and footwear, all of which use hot melt adhesives in different applications.

Healthy Growth Prospects Predicted for Plastisols Market

Between 2009 and 2018, the worldwide construction industry grew from $16.085 trillion to $23.518 trillion, as per the World Bank. With the rise in the disposable income and urban migration rate, especially in developing countries, the demand for housing and commercial real estate is increasingly. This is resulting in an escalating demand for construction materials, including paints, adhesives, coatings, and sealants. As a result, the consumption of the raw materials that go into their production is also surging; one of these raw materials are plastisols, which are a mixture of a plasticizer and polyvinyl chloride (PVC).

Therefore, with the prosperity of the construction sector, the plastisols market is predicted to reach $40,464.8 million by 2023, from $26,267.2 million in 2017, at a 7.5% CAGR during 2018–2023. Due to their insolubility in water and chemical, fire, corrosion, and heat resistance, such products have numerous applications, such as textile screen printing, coatings, adhesives & sealants, and moldings. Among these, the largest consumption of such materials was in coatings, during 2013–2017. Plastisol coatings provide the surface with texture, color, durability, toughness, and softness.

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During the forecast period, the usage of these products would increase the fastest in the textile screen printing application, which involves the printing of various decorative patterns on a range of fabrics. During the process, a screen with inlets for the ink is placed atop the fabric, so only the uncovered sections on the fabric are printed, much like what happens with a stencil. As plastisol inks are not soluble in water, they do not dry out, even if they are left on the screen for long durations. Additionally, they offer opaqueness, cost-effectiveness, and excellent performance. Thus, with the growing popularity of printed jeans, t-shirts, jackets, sweatshirts, tote bags, and cushions, the consumption of the materials is increasing.

Further, governments around the globe are implementing supportive policies for plastisol export, import, and commercialization. For instance, in automobiles, furniture, and upholstery, the use of plastisols has been made compulsory in numerous nations, owing to their flame-retardant capabilities. Additionally, the textile sector is receiving government impetus, which is resulting in the rising usage of plastisol inks. For instance, Government of Indonesia plans to export textiles worth $75 billion by 2030, aiming to account increase its share in global textile exports by 5%. Similarly, 13 textile parks were set up by the Indian government in 2014 to offer small and mid-size manufacturers financial aid.

Historically, the heaviest usage of such materials has been recorded in Asia-Pacific (APAC), owing to its increasing disposable income and expanding end-use sectors, including transportation and textile. Further, the easy availability of the material, due to its surging production in the region, also drives the regional market. Several Europe and U.S.-based market players are shifting their production operations to APAC, as labor and raw materials are available at low prices here. Within APAC, China is expected to witness the fastest plastisols market growth during the forecast period, due to the continuously increasing foreign investments for the production of such materials in the country.

Hence, as printed textiles become more popular and the demand for residential and commercial infrastructure grows, the usage of plastisols would also rise.

What will be Future of Asia-Pacific (APAC) Construction Chemicals Market?

By 2022, the construction industry of India would value $738.5 billion, and by 2025, it will be the third-largest across the world, as per Invest India, the country’s national body for investments. This is driven by the growth in population, high urbanization rate, and increase in the disposable income. All these factors lead to the rising demand for residential units, hospitals, schools, office complexes, manufacturing plants, and other types of civic infrastructure. This is the reason behind the increasing consumption of construction materials, including the variety of chemicals which are used for the purpose.

With almost all other countries in Asia-Pacific (APAC), especially Indonesia and China, witnessing such construction sector prosperity, the APAC construction chemicals market is predicted to grow, from $19,754.8 million in 2017 to $29,686.2 million by 2023, at a 7.1% CAGR during the forecast period (2018–2023). Adhesives, concrete admixtures, protective coatings, sealants, asphalt modifiers, and several other chemicals are used during building and infrastructure construction. Among these, concrete admixtures account for the heaviest consumption, majorly because of the rising focus on the quality of the structures being built.

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Such materials are added to the concrete or cement mixture to modify its rate of bleeding, workability, pumpability, and other properties. Across the region, roads, buildings, bridges, tunnels, and water retention structures are being rapidly built, thereby leading to the increasing consumption of cement and concrete. With the growing focus on quality construction, in the wake of defects in the finished structure, the usage of admixtures is escalating. Defects can prove deadly, if the structure collapses, resulting in human deaths, and these also raise the need for rebuilding, which consumes time, money, and other resources.

Thus, to minimize such damages, the quality of the construction materials is being improved, via the addition of chemicals such as concrete admixtures. Apart from making the structure durable, they also reduce construction costs and enhance the project speed, which is why real estate and infrastructure firms are increasing the usage of admixtures. Another advantage of these materials is that they significantly reduce the requirement for water, which is essential in today’s times of severe water scarcity, particularly in developing countries, many of which are in APAC.

This is why the demand for construction chemicals, including concrete admixtures, is expected to rise swiftly in the regional emerging economies, during the forecast period. Within APAC, the largest consumption of construction chemicals is witnessed in China, which is one of the largest economies in the world, therefore home to a huge construction sector. Further, many globally operating companies manufacture chemicals for the buildings and infrastructure sector in this country, as the labor and raw material are quite cheap here.

In the coming years, the APAC construction chemicals market would display the fastest progress in India, where the building and infrastructure sector is witnessing robust growth. For instance, the Airports Authority of India (AAI) is planning to construct new air transit hubs and renovate and expanding the existing ones, which would result in a heavy requirement for construction material, including various chemicals. Additionally, with the improvement of the country’s education system, the number of schools and colleges is also increasing, thereby driving the market.

Therefore, as the region witnesses robust construction activities, the demand for construction chemicals would also increase.

How is Expansion of Different Industries Driving Aerosol Market?

Several industries are witnessing considerable growth as the developing countries, including Malaysia, China, India, and Brazil, are registering swift industrialization. For example, the food & beverages industry in the U.S., China, and India is growing due to the rising disposable income of people. The living standards and food habits of consumers are changing, which is why they are spending increasingly on different food and beverage items. Similarly, the automotive industry is also registering considerable growth, as people are able to spend more on automobiles for their personal use. These industries make extensive utilization of aerosol products for different applications, which is why their growth is resulting in the increasing demand for aerosol.

Aerosol is a substance that is packaged under pressure and is dispensed and released as a fine spray by means of propellant gas through a container. As per a report by P&S Intelligence, in 2017, the global aerosol market reached a value of $53,871.6 million and is expected to attain $75,208.9 million in 2023, witnessing a 5.8% CAGR during the forecast period (2018–2023). Among the different regions, namely Asia-Pacific, Europe, North America, and Rest of the World, Europe created the largest demand for aerosol during 2013–2017. The fastest growth in demand is expected to be generated by the APAC region in the coming years.

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There are several applications of aerosol including insecticide, household, personal care, food & beverages, paints & varnishes, and automotive. Some other applications are technical and medical. Out of these, the highest demand for aerosol was created for the personal care application during 2013–2017 and the situation is projected to remain the same during the forecast period as well. The fastest growth in demand for aerosol is expected to be witnessed by the insecticide application in the near future. The utilization of aerosols as insecticides generate less waste than other insecticides, since they are designed to deliver a specific amount of poison and are metered.

The expanding personal care industry is a key driving factor of the aerosol market, owing to the fact that aerosols are utilized widely in several products, including dry shampoo, body spray, hair spray, shave cream, deodorant, and mousse foundation, in the personal care industry. The growth of the personal care industry is taking place because of the rising disposable income of people, which is allowing them to spend on luxury personal care products. In addition to this, the development of advanced and enhanced products, such as cosmeceutical (pharmaceutical & topical cosmetics) and other multifunctional products is further predicted to drive the industry.

The rising requirement for aerosols in packaging applications for different products, such as insecticides, household cleaners, paint sprays, & cosmetics, is opening up wide opportunities for players operating in the aerosol domain. Aerosol packaging provides easy application of insecticides and household products, without any skin contact, which is a significant characteristic for these products. Apart from this, aerosol products have a longer shelf life and remain fresh for a long time. This is projected to drive the demand for aerosol products in the near future.

How are Increasing Construction Activities Driving Plasticizers Market?

In 2018, the plasticizers market valued $13,967.9 million, and it is predicted to reach $16,700.6 million by 2024, witnessing a 3.5% CAGR during 2019–2024 (forecast period). The increasing demand for polyvinylchloride (PVC) in the electronics and electrical industry and requirement for construction material is driving the market growth. Plasticizers are additives used during the manufacturing of plastics, to improve their performance, as they are usually cheaper than other additives.


The global production of plastics increased during the historical period (2016–2018), so did the production of PVC, for use as an insulation for electrical wires. PVC is used in these products owing to its flexible nature and good resistance to temperature and ultraviolet (UV) rays, which is because of the presence of plasticizers. The share of plasticizer-containing PVC in wires and cables is expected to witness a considerable progress during the forecast period. Thus, the rising consumption of PVC, containing plasticizers, in the electrical and electronics industry, will boost the growth of the global plasticizers market.

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Based on end use, the market is classified into flooring, roofing, & cladding, wires and cables, automotive parts, films & sheets, toys and child care products, medical equipment, and others. Among these, wires and cables held the largest value and volume shares in the plasticizers market in 2018. The category is projected to witness considerable growth, at a CAGR of 3.8%, in terms of value, during the forecast period. The growth of the category is driven by the high wire and cable demand in the automotive, construction, healthcare, electrical, and packaging industries.

In terms of product, the plasticizers market is bifurcated into phthalates and non-phthalates. Non-phthalate plasticizers are expected to witness the higher CAGR during the forecast period, because of their non-toxic profile. Health concerns across the developed countries have led to the banning of major phthalate plasticizers, and the strict policies implemented by governments have increased the demand for non-phthalate variants. These are the key factors boosting the demand for non-phthalate plasticizers, which is why this bifurcation is expected to grow considerably during the forecast period.

Almost 90% of the plasticizers used to produce PVC are phthalates; however, they impart toxicity, and with severe health concerns in developed countries, a ban on the use of such plasticizers has been implemented. The ban and strict regulations enforced by the government have boosted the demand for non-phthalate variants, which are non-toxic in nature. Now, they are increasingly being used for the production of PVC, which is itself used to manufacture medical devices, toys, and several other end products.

Globally, the highest demand for plasticizers was witnessed in the Asia-Pacific (APAC) region, which accounted for an over 60.0% share, in terms of value and volume, in 2018. The market size and predicted growth during the forecast period are attributed to the region’s high-volume manufacturing, chemicals, automotive, electrical and electronics, construction, and several other end-use industries, majorly in India, China, and Indonesia. All these industries require plasticizers in PVC, so that the end products are flexible. Thus, the increasing demand for PVC is expected to boost the regional plasticizers market growth during the forecast period.



Therefore, it is clearly visible that with the rising demand for non-phthalate plasticizers in the electronic and electric industry, the market will prosper in the coming years.