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.

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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 key trend in the global hot melt adhesives market is shifting from traditional techniques to innovative automotive assembly techniques. Hot melt adhesives are solid at room temperature and can be reshaped and softened by heating above their melting point. Benefits offered by hot melt adhesives include fast processing, efficiency, large gap filling, tensile strength, and minimal shrinkage, among others. Factual subtleties as far as revenue income, sales turnover volume, net revenue, and CAGR have been incorporated into the report. On the basis of the product type segment, EVA global hot melt adhesives market size should surpass 3.5 billion.

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.

The Asia Pacific and the Middle East are expected to register substantial growth in the hot melt adhesives market during the forecast period. 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. The growth in electronic product demand with an increasing population throughout the world has brought a major growth demand for hot melt adhesives. The different hot melt adhesives such as polyamides, polyolefins, and others serve as low cost and effective supplements for many industrial products. Major countries in the Asia Pacific region include China, South Korea, Japan, India, Australia, and so on. Middle East includes the UAE, Saudi Arabia, Iran, Israel, Egypt, and so on. Eastern Europe has been largely dominated by Russia and Turkey with operations of major chemical giants in the region.

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