Hot Melt Adhesives Market size was valued at USD 9.09 Bn. in 2022 and the total Hot Melt Adhesives revenue is expected to grow at a CAGR of 4.8 % from 2023 to 2029, reaching nearly USD 12.63 Bn.
Hot Melt Adhesives Market Report Overview:
Maximize Market Research is pleased to announce the release of its latest comprehensive report, providing a detailed analysis of the current state of the global Hot Melt Adhesives Market. The report delves into the present market scenario, past performance, production and consumption rates, demand and supply ratios, and income generation forecasts.
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Hot Melt Adhesives Market Report Scope and Research Methodology:
The rising need for new and improved goods from many industrial sectors, including automotive, construction, packaging, furniture, and non-T woven/hygiene, is predicted to cause the worldwide hot melt adhesives market to grow rapidly. Other significant factors that are anticipated to propel the market expansion include growing government policies, growing consumer awareness of non-woven/hygiene products, and rising costs associated with developing new hot melt adhesives.
Hot Melt Adhesives Market Dynamics:
One of the main factors driving the rise in the use of polymer-based HMAs is the expanding demand for polyurethane. One low-volatile organic compound that is frequently used as a base material in the creation of HMAs is polyurethane. Polyurethane adhesives are perfect for applications such as bookbinding, shoemaking, and product packaging since they are specifically designed to keep non-porous materials like metal and wood together.
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Hot Melt Adhesives Market Regional Insights:
The regional analysis in the report unveils insights into the Hot Melt Adhesives Market across various countries, examining political, geographic, and buying behavior factors influencing the market. Details on market size, growth rate, and import-export activities in all regions are elucidated.
Hot Melt Adhesives Market Segmentation:
by Product
Ethylene-vinyl Acetate (EVA)
Polyurethane
Rubber
Polyolefin
Others
by Application
Packaging
Bookbinding
Assembly
Woodworking
Automotive
Nonwovens
Others
by Type
Polyamide
EVA (Ethylene-Vinyl Acetate)
SBC (Styrenic Block Copolymers)
PU (Polyurethane)
APAO (Amorphous Poly-Alpha olefin & POE (Polyolefin Elastomers)
Others
Hot Melt Adhesives Market Key Players:
1. Henkel &Co. KGaA
2. Jowat SE
3. Sika AG
4. 3M Company
5. Bostik Inc.
6. Avery Dennison Corporation
7. H.B. Fuller Company
8. Arkema Group
9. Westlake Chemical Corporation
10.Beardow& Adams (Adhesives) Limited.
11.DowDuPont Inc.
12.Arkema Group
13.Ashland
14.Delo Industrial Adhesives
15.BASF SE
16.Huntsman International LLC
17.RPM International Inc.
18.Evonik Industries AG
19.Westlake Chemical Corporation
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Hot Melt Adhesives Market Key Questions Answered:
- What is the forecast period?
- What is the expected Hot Melt Adhesives Market size by the end of the forecast period?
- Which segment held the largest Hot Melt Adhesives Market share in 2022?
- Which segment is expected to grow at a high CAGR during the forecast period?
- Which Hot Melt Adhesives Market segment is expected to grow at a high rate during the forecast period?
- What is the expected Hot Melt Adhesives Market size by 2029?
- What are the main factors driving the growth of the Hot Melt Adhesives Market?
- Which region has the largest Hot Melt Adhesives Market share?
- What is the expected CAGR of the Hot Melt Adhesives Market during the forecast period?
- Who are the Hot Melt Adhesives Market key players in the industry?
Hot Melt Adhesives Market Key Offerings:
- Detailed Market Overview
- Market Share
- Market Size
- Market Forecast by Revenue
- Market Dynamics (Growth drivers, Restraints, Investment Opportunities, and key trends)
- Market Segmentation (Detailed analysis of each segment and their sub-segments)
- Competitive Landscape (Leading key players and other prominent key players)
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