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Global Hot Melt Adhesives Market Trend, Growth and Value - Forecast By 2027

The fluctuating prices of raw materials of hot melt adhesives are the major factor hindering the growth of the global hot melt adhesives market. It has been observed that the raw material prices that are used in the adhesives are volatile and manufacturers are developing reforms in order to maximize their profit margins.

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Global Hot Melt Adhesives Market Trend, Growth and Value - Forecast By 2027

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  1. Global Hot Melt Adhesives Market

  2. About VynZ Research… • VynZ Research is a global market research firm offering research, analytics, and consulting services on business strategies. We have a recognized trajectory record and our research database is used by many renowned companies and institutions in the world to strategize and revolutionize business opportunities. The company focuses on providing valuable insights on various technology verticals such as Chemicals, Automotive, Transportation, Energy, Consumer Durables, Healthcare, ICT and other emerging technologies. • VynZ Research has one of the most qualified & experienced analysts, who are constantly tracking the markets and the technologies. The research team has years of proven experience and wide knowledge & understanding of the technology, application, business models, and regulators of the segments and the value chain involved. • A trusted & proven methodology that involves highest quality of primary research, secondary analysis collated & verified through various sources including cross checking with different industry experts. • Serving wide range of customers most of them from Fortune 2000 companies • With a dedicated 24x7 customer helpline our customers can reach for specifying their needs • Developing long term relationship with the clients and satisfying them is one of the crucial notches of the company. VynZ Research aims at gaining and retaining its clients in order to make long term customer relationship.

  3. Global Hot Melt Adhesives Market The global hot melt adhesives market was valued at USD 8.9 billion in 2020 and is expected to contribute revenue of USD 14.9 billion by 2027, registering a CAGR 6.1% during the forecast period (2021–2027). The market is driven by the factors such as growing demand in increasing disposable income of the consumers in emerging economies such as China, India and Indonesia, growing packaging industries, rapid industrialization, and shift in technology used by automobile manufacturers for assembly. Different types of hot melt adhesives such as styrenic block copolymers (SBC), polyamide (PA), polyurethane (PU), ethylene-vinyl acetate (EVA), majorly contribute to the global market size. These adhesives are well suited for applications where long-lasting adhesion is required as it doesn’t get easily interfered by different environmental applications.

  4. Global Hot Melt Adhesives Market The different types of hot melt adhesives available in the market are SBC, PA, PU, EVA, amorphous poly-alphaolefin (APAO), polyester, and metallocene polyolefin (MPO). Of all, EVA held the largest share in the market with its market size valued at USD 6.2 Billion in 2020 and is set to reach USD 7.6 billion by 2027. The growth of EVA segment is driven by its various benefits such as durability, quicker time setting, and suitability in a huge variety of temperatures. Among different applications including furniture, hygiene, bookbinding, packaging solutions, automobile, textile, electronics, and footwear, automobile application is expected to witness the fastest growth in demand for these adhesives, observing a CAGR of 7.0% during the forecast period. The fastest growth of this application is attributed towards the increasing use of these adhesives in the components of commercial and personal vehicles in the countries of developing the economy.

  5. Global Hot Melt Adhesives Market Increase in per capita income has led to the rapid growth in the automotive industry in the region which is the largest end user of hot melt adhesives. Also, high growth in textile, electronics and packaging industries in the region offers ample opportunities for the industry players to generate significant revenue in the coming years. Key players offering products in the hot melt adhesives industry 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.

  6. For Sample Report :- https://www.vynzresearch.com/chemicals-materials/hot-melt-adhesives-market/request-sample www.vynzresearch.com

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