Global Polyamide Hot Melt Adhesives market will reach 488 million US$ by the end of 2025
Published Date: 2019/9/24
The global Polyamide Hot Melt Adhesives market is valued at 431 million USD in 2018 and is expected to reach 488 million USD by the end of 2025, growing at a CAGR of 2.48% between 2020 and 2025.
The global sales of polyamide hot melt adhesives are from 86KMT in 2014 to 96 MT in 2018. In 2018, the global polyamide hot melt adhesives sales market was led by Europe, Asia Pacific and North America. and the major manufacturers’ activities of polyamide hot melt adhesives are Henkel, H. B. Fuller, Bostik Inc, 3M Company, etc.
Polyamide hot melt adhesives downstream are wide, and the major fields are shoes & textile, automotive, woodworking, etc. In recent years, social economy has developed rapidly. For demand market of polyamide hot melt adhesives, there is also a certain space in the next few years, especially in the Chinese market which is increasing with the rapid development of downstream industry.
The entire market is dominated by several giants. They all have a mature sales network. So the entire market is trending toward direct sales or their agents, rather than using distributors. This is observed even more acutely among foreign suppliers, who historically relied more heavily on distributor companies. But for other small manufacturers, distribution is still an important channel to expand the market. For example, Chinese enterprises are a typical example.
We tend to believe this industry is a potential industry, and the consumption increasing degree will show a rapid growth curve. For product prices, the slow downward trend in recent years will maintain in the future as competition intensifies. Besides, prices gap between different brands will go narrowing gradually. Also, there will be fluctuation in gross margin.
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