Global Non-Woven Adhesives Market to Reach $5.7 Billion by 2030
The global market for Non-Woven Adhesives estimated at US$3.3 Billion in the year 2023, is expected to reach US$5.7 Billion by 2030, growing at a CAGR of 8.2% over the period 2023-2030. Hot-Melt Technology, one of the segments analyzed in the report, is expected to record 9.2% CAGR and reach US$4.2 Billion by the end of the analysis period. Growth in the Other Technologies segment is estimated at 6% CAGR for the next 7-year period.
The U.S. Market is Estimated at $864.5 Million, While China is Forecast to Grow at 12.1% CAGR
The Non-Woven Adhesives market in the U.S. is estimated at US$864.5 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.4 Billion by the year 2030 trailing a CAGR of 12.1% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.4% and 7.4% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 5.1% CAGR.
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