Global Hot Melt Adhesives Market 2023-2027
The hot melt adhesives market is forecasted to grow by USD 4396.66 mn during 2022-2027, accelerating at a CAGR of 7.28% during the forecast period. The report on the hot melt adhesives market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by high application in sanitary materials, increased focus on environment friendly adhesives, and partnership and collaborating among players.
Technavio's hot melt adhesives market is segmented as below:
By Product
- Ethylene-vinyl Acetate
- Rubber
- Polyolefin
- Polyurethane
- Others
By Application
- Packaging
- Nonwoven hygiene products
- Furniture and woodworking
- Automobile
- Footwear and others
By Geographical Landscape
- APAC
- North America
- Europe
- South America
- Middle East and Africa
This study identifies the growing demand in express delivery industry as one of the prime reasons driving the hot melt adhesives market growth during the next few years. Also, robust growth of packing industry and innovation and technological advancement will lead to sizable demand in the market.
The report on the hot melt adhesives market covers the following areas:
- Hot melt adhesives market sizing
- Hot melt adhesives market forecast
- Hot melt adhesives market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading hot melt adhesives market vendors that include 3M Co., Arkema Group, Double Fish, DuPont de Nemours Inc., Dycon Chemicals, Exxon Mobil Corp., Franklin International, H.B. Fuller Co., Heigl Adhesives, Henkel AG and Co. KGaA, IFS Industries Inc., Jowat SE, LyondellBasell Industries N.V., Meridian Adhesives Group, Pidilite Industries Ltd., S.W. ADHESIVE CO. LTD., SABA Dinxperlo BV, Sika AG, SpecialChem S.A., and Texyear Industrial Adhesives Pvt. Ltd.. Also, the hot melt adhesives market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
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 an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.