Global Hot Melt Adhesives Market Size By Resin Type, By Application, By Geographic Scope And Forecast
Hot Melt Adhesives Market Size And Forecast
Hot Melt Adhesives Market was valued at USD 7.85 Billion in 2019 and is projected to reach USD 12.88 Billion by 2027, growing at a CAGR of 6.4% from 2020 to 2027.
Global Hot Melt Adhesives Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
The adoption of Hot Melt Adhesives across various industries is increasing. The rise in the demand for applications such as packaging solutions, nonwoven hygiene products, and consumer DIY led to boost the market for hot melt adhesives during the forecasted period. Also, the rising popularity of using nonwoven applications in certain regions has helped in market growth. Additionally, increased demand hot melt adhesives in road marking application drive the market growth. However, difficulties in handling it on hard-to-bond substances might hamper the market growth up to a certain extent.
Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements that interests the client. The Global Hot Melt Adhesives Market is mainly bifurcated into sub-segments which can provide classified data regarding the latest trends in the market.
Global Hot Melt Adhesives Market Competitive Landscape
The Global Hot Melt Adhesives Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as 3M Company, Dow Corning, Arkema, Henkel AG & Company KGaA, H.B. Fuller, Jowat SE, American Chemicals Inc., Evans Adhesives Corporation Limited, Wisdom Adhesives, and Sika AG.
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