Global Hot Melt Adhesives Market – Analysis and Forecast To 2027, 3M Company, We

1. Global Hot Melt Adhesives Market

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3. Global Hot Melt Adhesives Market Hot melt adhesives are usually in the form of thermoplastic adhesive that is applied with the help of hot glue gun as a result of which these adhesives are also known as hot glue. There is the presence of a huge array of polymers in this category that comprises of both synthetic and natural adhesives. The growth of this market is attributed towards the increasing capability of consumers in spending power in developing countries along with increasing expansion of the packaging industry.

4. Global Hot Melt Adhesives Market It has been observed that automobile manufacturers are shifting trends from traditional methods to newly executed assembly technique. These newly executed techniques are extensively being preferred by the consumers since the design of vehicles are changing pertaining towards the development of innovative vehicle designs that are using nonferrous metals, coated steels, lighter gauge metals, and plastics. On the basis of application, the global hot melt adhesives market is segmented into furniture, hygiene, bookbinding, packaging solutions, automobile, textile, electronics, footwear, and others. Of these, automobile application is expected to witness the fastest growth, registering a CAGR 7.0% during the forecast period.

5. Global Hot Melt Adhesives Market Geographically, North America hot melt adhesives market is projected to generate the largest revenue of USD 3.9 billion by 2024, registering a CAGR of 6.1% during the forecast period. Moreover, Asia Pacific is expected to witness the fastest growth during the forecast period owing to flourishing infrastructure development in countries such as India and China. Some of the major players operating in the global hot melt adhesives market are Sika AG, Beardow & Adams (Adhesives) Limited., 3M Company, Westlake Chemical Corporation, Bostik Inc., Jowat SE, H.B. Fuller Company, Avery Dennison Corporation, Arkema Group, DowDuPont Inc., and Henkel & Co. KGaA.

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