Precedence Research a new report on hot melt adhesives Market size, share, growth, industry trends, and forecast 2027, covering various industry elements and growth trends helpful for predicting the market’s future. The global hot melt adhesives market size was valued at US$ 6.53 billion in 2019. The global hot melt adhesives market is projected to reach US$ 9.95 billion by 2027, registering a compound annual growth rate (CAGR) of 5.4% during the forecast period from 2020 to 2027.
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Hot Melt Adhesives Market Growth Factors:
Tremendous growth in the non-woven, woodworking, and packaging industries play an eminent role towards the market growth for hot melt adhesives. Increasing for non-woven disposables pertaining to rising awareness for hygiene expected to offer attractive growth prospects during the forecast timeframe.
In addition to this, rising consumption of packaged food products is likely to offer attractive growth opportunities in the years to come. Furthermore, significant rise in the demand of the healthcare products are anticipated to create new avenues for the market growth. Hence, changing consumer’s lifestyle with high impact of western habits in terms of eating and clothing estimated to propel the market growth for hot melt adhesives in the near future.
Hot Melt Adhesives Market Report Scope
|Market Size||USD 9.95 Billion by 2027|
|Growth Rate||CAGR of 5.4% from 2021 to 2027|
|Largest Market||North America|
|Fastest Growing Market||Asia Pacific|
|Forecast Period||2021 to 2027|
|Segments Covered||Product, Application, Region|
The global hot melt adhesives market report offers various segments analysis by size, trends, growth factors, opportunities and key country outlook to 2027. The report offers a detailed analysis and information as per hot melt adhesives, market segments helping our readers to get a comprehensive overview of the global market. Several players are planning to focus on developing cost-effective products or services, aiming to maintain a strong foothold in the market.
The company profiling of leading market players is included this report with Porter’s five forces analysis and Value Chain analysis. Further, the strategies exercised by the companies for expansion of business through mergers, acquisitions, and other business development measures are discussed in the report. The financial parameters which are assessed include the sales, profits and the overall revenue generated by the key players of Market.
hot melt adhesives Market Report Highlights
- The Asia Pacific emerged as a dominating market in 2019 and exhibits the fastest growth rate in the coming years due to significant expansion of industrial manufacturing bases in the region
- North America estimated to grow at a rate near to 4%, in terms of value, from the year 2020 to 2027 because of the presence of some major packaging manufacturers in the region
- EVA dominate the global market in terms of revenue because of its attractive properties that include high versatility, durability, and strong adhesion properties
- Rubber predicted to expand at the fastest rate of around 5.5%, in terms of value, during the analysis timeframe due to high demand for labels and tapes especially from the packaging industry
- Packaging application segment captured the major market share accounting for over 34% of value share in 2019 owing to favorable properties that makes them an ideal packaging solution
- Nonwovens segment expected to exhibit the fastest growth rate during the forecast period owing to growing awareness among consumers related to personal hygiene
The Asia Pacific occupied the major market share in terms value accounting for a share of around 50% in 2019 as well as it exhibits the fastest growth rate over the upcoming years. The prominent growth of the region is mainly attributed to the flourishing growth of automotive, packaging, industrial assembly, and woodworking industry.
The region is a major hub for crucial consumers that drive the overall market demand for numerous industries. In addition to this, significant impact of western culture on the region has also driven several attractive applications that positively impact the market growth in the region.
Besides this, North America and Europe are the other prominent regions that predicted to register considerable growth rate during the analysis period. Though the regions are well-established markets for several industries, COVID-19 outbreak has impacted badly on the several manufacturing activities that drastically declined the product demand in these developed regions Major countries that are badly affected by the pandemic situation include Germany, Italy, the U.K., the U.S., Spain, Canada, and France. However, these nations are likely to recover at a substantial rate after the COVID-19 pandemic years.
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Some of the prominent players in the hot melt adhesives market include:
- B. Fuller Company
- Henkel AG & Co. KGaA
- Dow Inc.
- Jowat SE
- Sika AG
- Arkema Group
- Ashland Inc.
- Beardow Adams
- Avery Dennison Corporation
Hot Melt Adhesives market Segmentation
- Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]
- Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
- North America [United States, Canada, Mexico]
- South America [Brazil, Argentina, Columbia, Chile, Peru]
- Middle East & Africa [GCC, North Africa, South Africa]
Key Questions are
- What are the key factors influencing the hot melt adhesives market in each region?
- How much value will the global market generate by the end of the forecast period?
- What will be the CAGR of the global market between 2021 and 2027?
- What would be the Y-o-Y growth trend of the global market between 2021 and 2027?
- What is the future scope and current trends in technologies of the global market?
- What is the revenue of the global market based on segments?
- Which key strategies are used by top players of the global market?
- Which are the leading companies in the global market?
- What are the essential strategies by key stakeholders in the market to expand their geographic presence?
- What are the major advancements witnessed in the global market?
Research Objectives and Research Approach
The comprehensive report on the global hot melt adhesives market begins with an overview, followed by the scope and objectives of the study. The report provides detailed explanation of the objectives behind this study and key vendors and distributors operating in the market and regulatory scenario for approval of products. Following this, the report provides detailed explanation of objectives of this study and laid down by accredited agencies in the purview of research in the global hot melt adhesives market.
It is followed by market introduction, market dynamics, and an overview of the global market, which includes analysis of market drivers, restraints, and trends pertaining to the global market. Furthermore, Y-o-Y growth analysis with elaborated insights has been provided in order to understand the Y-o-Y growth trend of the global market.
For reading comprehensibility, the report has been compiled in a chapter-wise layout, with each section divided into smaller sections. The report comprises an exhaustive collection of graphs and tables that are appropriately interspersed. Pictorial representation of actual and projected values of key segments is visually appealing to readers. This also allows comparison of the market shares of key segments in the past and at the end of the forecast period.
The report analyzes the global hot melt adhesives market in terms of type, application, region and others. Key segments under each criteria are studied at length, and the market share for each of these at the end of 2027 has also been provided. Such valuable insights enable market stakeholders in making informed business decisions for investment in the global market.
Why should you invest in this report?
If you are aiming to enter the global hot melt adhesives market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for hot melt adhesives are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2027 so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
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