TechNavio recognizes the following companies as the key players in the Global Hygiene Adhesives Market: Bostik SA, H. B. Fuller Co., and Henkel AG & Co. KGaA.
Commenting on the report, an analyst from TechNavio’s team said: “Emerging markets, such as China and India, are witnessing an increase in demand for hygiene products such as baby diapers and feminine napkins. This is due to the increasing preference shown by consumers in these regions as a result of the increase in their disposable income. However, it has been estimated that the penetration of baby diapers is approximately 20 percent in China and is less than 10 percent in India. This, therefore, creates a huge potential for vendors providing baby diapers to tap the unserved market and increase their market share. Vendors in the Global Hygiene Product market are also focusing on developing new hygiene products to meet the growing demand and to increase the use of hygiene products in these regions. Therefore, as the demand for hygiene products grows in these regions, the demand for hygiene adhesives is also expected to grow. Furthermore, vendors in the Global Hygiene Product market, who are the key end-users in the Global Hygiene Adhesives market, will also require new and innovative hygiene adhesive solutions from vendors in the Global Hygiene Adhesives market. This will result in them developing new and innovative hygiene products, thereby driving the growth in the market during the forecast period”
According to the report, the Global Hygiene Adhesives market has several drivers that are contributing to the growth of the market. One such driver is the increasing focus vendors place on R&D. Vendors in this market are increasing their focus toward developing products that meet the standards set by the regulatory bodies monitoring the environment. In addition, changing customers’ requirements, changing competitive scenarios, changing market dynamics, and better performance and productivity of technologically developed products, are the other key factors that are leading to vendors increasing their spending in R&D.
Further, the report states that despite the presence of several drivers, the growth of the Global Hygiene Adhesives market is curtailed by several challenges. One such challenge hindering the growth of the market is the increasing cost of raw materials. The increase in the requirement of raw materials by vendors to meet the rising demand for hygiene adhesives has increased the raw material supplier’s power to price them as they deem fit. In addition, the increasing demand for raw materials in other application areas such as construction, packaging, and furniture making is also contributing to the volatility in raw material prices.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-hygiene-adhesives-market-2014-2018
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/healthcare-chemicals-food-retail
Follow us on Twitter @ Technavio
TechNavio Announces the Publication of its Research Report – Global Hygiene Adhesives Market 2014-2018
