Hot Melt Adhesives Market Share Analysis by Capacity, Production and Growth To 2028: H.B. Fuller Company, Henkel AG & Company, KGaA, Arkema, 3M

Hot melt adhesives are also known as hot glue, and these are 100% formulation of thermoplastic adhesives. Hot glue sticks are available with different diameters and design. The growing application from several end use industries is the major driver for the growth of hot melt adhesives market. Hot melt adhesives offer superior properties such as versatility, resistance to water & moisture, and low cost make these adhesives an ideal choice for many applications. Many industries are adopting the hot melt adhesives over solvent-based adhesives.

The global hot melt adhesives market was valued at US$ 7473.37 million in 2020 and is projected to reach US$ 10982.38 million by 2028; it is expected to grow at a CAGR of 5.1% during 2020–2028.

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Note - The Covid-19 (coronavirus) pandemic is impacting society and the overall economy across the world. The impact of this pandemic is growing day by day as well as affecting the supply chain. The COVID-19 crisis is creating uncertainty in the stock market, massive slowing of supply chain, falling business confidence, and increasing panic among the customer segments. The overall effect of the pandemic is impacting the production process of several industries. This report on ‘Procurement as-a-Service Market’ provides the analysis on impact on Covid-19 on various business segments and country markets. The reports also showcase market trends and forecast to 2028, factoring the impact of Covid -19 Situation.

Based on product type, the hot melt adhesives market is segmented into glue sticks, glue slugs, and others product type. The glue sticks segment accounted for the largest market share in 2020 and is expected to register the highest CAGR in the market during the forecast period. Hot melt glue sticks are cylindrical sticks with varied diameters, and they are used with a hot glue gun. These sticks are in solid form at room temperature. These products are designed in both high and low temperature glue guns variants. A few hot melt stick adhesives have been created to deliver longer open time so that they can be sprayed on wider areas for bonding. Hot melt glue stick adhesives generate minimal waste and have relatively small environmental impact, which makes them suitable for a wide range of applications in food packaging, carton-sealing, printing, publishing, textile manufacturing, electronics, woodworking, and building and construction industries.

Geographically, the global hot melt adhesives market is segmented into five regions—North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SAM). Asia Pacific held the largest market share in 2020, followed by North America and Europe. Asia Pacific is further expected to register the highest CAGR during the forecast period. Asia Pacific has the presence of major market players such as H.B. Fuller Company, Henkel AG & Co. KGaA, Arkema, and many others.

Major highlights of the report:
• All-inclusive evaluation of the parent market
• Evolution of significant market aspects
• Industry-wide investigation of market segments
• Assessment of market value and volume in past, present, and forecast years
• Evaluation of market share
• Tactical approaches of market leaders
• Lucrative strategies to help companies strengthen their position in the market

Major key players covered in this report:
• H.B. Fuller Company
• Henkel AG & Company, KGaA
• Arkema
• 3M
• Sika AG
• Jowat SE
• Hexcel Corporation
• The Dow Chemical Company
• Beardow Adams
• Adtech
• Gorilla Glue Company

Hot Melt Adhesives Market Segmented by Region/Country: North America, Europe, Asia Pacific, Middle East & Africa, and Central & South America

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Report Spotlights
• Progressive industry trends in the hot melt adhesives market to help players develop effective long-term strategies
• Business growth strategies adopted by developed and developing markets
• Quantitative analysis of the hot melt adhesives market from 2019 to 2028
• Estimation of global demand for hot melt adhesives
• PEST analysis to illustrate the efficacy of buyers and suppliers operating in the industry
• Recent developments to understand the competitive market scenario
• Market trends and outlook as well as factors driving and restraining the growth of the hot melt adhesives market
• Assistance in decision-making process by highlighting market strategies that underpin commercial interest, leading to the market growth
• Detailed overview and segmentation of the market, as well as the hot melt adhesives industry dynamics
• Size of the hot melt adhesives market in various regions with promising growth opportunities

Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
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