Hot Melt Adhesives Market size was valued at USD 9.09 Bn. in 2022 and the total Hot Melt Adhesives revenue is expected to grow at a CAGR of 4.8 % from 2023 to 2029, reaching nearly USD 12.63 Bn.
Hot Melt Adhesives Market Overview:
Maximize Market Research, a leading market research firm, has recently released a comprehensive market intelligence report highlighting the robust growth anticipated in the Hot Melt Adhesives market during the forecast period. The report delves into the key drivers of growth, significant challenges, upcoming opportunities, and prevailing market dynamics, offering valuable insights into the global market landscape. Regional and segment-specific market sizes are thoroughly analyzed, providing stakeholders with a holistic view of the industry.
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Hot Melt Adhesives Market Report Scope and Research Methodology:
A type of thermoplastic adhesive called hot melt adhesive (HMA), or hot glue, is commonly supplied in the form of solid cylindrical sticks with different diameters that are intended to be applied with a hot glue gun. Using a continuous-duty component that the user inserts through the gun using either a mechanical trigger mechanism or direct finger pressure, the gun melts plastic glue.
Hot Melt Adhesives Maket Dynamics:
One of the main factors driving the rise in the use of polymer-based HMAs is the expanding demand for polyurethane. One low-volatile organic molecule that is frequently used as a basic material in the creation of HMAs is polyurethane. Polyurethane adhesives are perfect for applications such as bookbinding, shoemaking, and product packaging because they are specifically designed to hold non-porous materials like metal and wood together.
Hot Melt Adhesives Market Regional Insights:
The report provides a detailed explanation of factors influencing market size, growth rates, and import-export dynamics across key regions, including:
Hot Melt Adhesives Market Segmentation:
by Product
Ethylene-vinyl Acetate (EVA)
Polyurethane
Rubber
Polyolefin
Others
by Application
Packaging
Bookbinding
Assembly
Woodworking
Automotive
Nonwovens
Others
by Type
Polyamide
EVA (Ethylene-Vinyl Acetate)
SBC (Styrenic Block Copolymers)
PU (Polyurethane)
APAO (Amorphous Poly-Alpha olefin & POE (Polyolefin Elastomers)
Others
Hot Melt Adhesives Market Key Players:
1. Henkel &Co. KGaA
2. Jowat SE
3. Sika AG
4. 3M Company
5. Bostik Inc.
6. Avery Dennison Corporation
7. H.B. Fuller Company
8. Arkema Group
9. Westlake Chemical Corporation
10.Beardow& Adams (Adhesives) Limited.
11.DowDuPont Inc.
12.Arkema Group
13.Ashland
14.Delo Industrial Adhesives
15.BASF SE
16.Huntsman International LLC
17.RPM International Inc.
18.Evonik Industries AG
19.Westlake Chemical Corporation
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Hot Melt Adhesives Market Key Questions Addressed:
The report addresses crucial questions in the Hot Melt Adhesives market, such as:
Hot Melt Adhesives Market Key Offerings:
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