logo
logo
Sign in

Global Hot Melt Adhesives Market Forecast to 2028

avatar
Radhika Sheelvant
Global Hot Melt Adhesives Market Forecast to 2028

Hot melt adhesives are the thermoplastic adhesives that are available in different sticks of cylindrical shape that can readily melt in a hot melt gun. Hot Melt Adhesives Market size exceeded USD 6.60 billion, globally in 2018 and is estimated to grow at over 6.4% CAGR between 2019 and 2026. The Hot Melt Adhesives analysis gives an exhaustive investigation of this market alongside the modern trends and future projections to shed light on the impending investment pockets. They are much efficient as compared to other forms of adhesives in terms of efficient action and are fast sticking action and starts processing as soon as it comes into use as they do not need any drying application.

Get More Information @ https://www.quincemarketinsights.com/industry-analysis/global-hot-melt-adhesives-market/1724

The stick form of Hot melt adhesives is widely used in these applications because of its ease of use and the availability of HMA guns. The growth in end-use industries such as packaging and construction has marked the tremendous growth of the global hot melt adhesives market.

The Asia Pacific and the Middle East are expected to register substantial growth in the hot melt adhesives market during the forecast period. The market growth is mainly driven by an increase in consumer spending power in emerging economies and the rapid expansion of the packaging industry. This demand is with regard to the growth of major end-use industries such as packaging, construction, Non-woven, bookbinding, electronics, footwear, furniture, and others.

There has been an increasing number of investments by global companies in these regions to strengthen their presence and tap the potential market. The ethylene-vinyl acetate segment holds a significant share of the market due to its cost-effectiveness and ease of manufacturing. Major economies in these regions for hot melt adhesives market include Brazil, South Africa, Nigeria, Argentina, Colombia, and others.

collect
0
avatar
Radhika Sheelvant
guide
Zupyak is the world’s largest content marketing community, with over 400 000 members and 3 million articles. Explore and get your content discovered.
Read more