A thermoplastic, polymer based adhesive which is applied in the molten state and which functions primarily by mechanical anchorage. We can define hot-melt adhesives as thermoplastic materials, solid at room temperature. When heated above their melting point, they become fluid and are able to wet the surfaces to which they are applied. Generally, a quantity of fluid hot melt is applied to one or both of the surfaces to be joined and the surfaces are brought together.
Hot Melt Adhesives be defined as adhesives that melt and flow on application of heat and solidifies on cooling to give a strong adhesion. The global market for hot melt adhesives is expected to reach 2, 379.9 Kilo tons by 2020, growing at an estimated CARGR of 5.1% from 2014 to 2020. The market size of all types of adhesives is very large and growing. Of this, the premium products account for some 45%. Quantitatively, the overall market size is growing annually at 11%. Adhesives market in India is projected to cross US$ 1.3 billion by 2025. As a whole there is a good scope for new entrepreneur to invest in this business.
Few Indian major players are as under
· Anabond Ltd.
· C I C O Technologies Ltd.
· D H Resins & Chemicals Pvt. Ltd.
· Golden Chem-Tech Ltd.
· H B Fuller India Adhesives Pvt. Ltd.
· Henkel Adhesives Technologies India Pvt. Ltd.