openPR Logo
Press release

Global Hot Melt Adhesives Market to Reach USD 12.5 Bn by 2026

07-02-2021 03:44 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: AllTheResearch

Rising demand from packaging in global market which is coupled with adoption of bio-based hot-melt adhesives is resulting into growth of hot melt adhesives market globally. The global Hot Melt Adhesives market was valued at USD 7.8 billion in 2018 and is expected to reach USD 12.5 billion in 2026, growing at a CAGR of 5.9% during the forecast period.

Hot melt adhesives are solid form, thermoplastic glue which finds major applications in packaging and building & construction industry sectors. Hot melt adhesives are applied by using a hot glue gun. These adhesives are in solid form, which eliminates the risk of degradation in a humid environment. The most essential market for hot melt adhesives has been packaging industry in which the creation of packaging goods such as tapes and labels has been witnessing enormous growth. Moreover, enhancements in living standards and rising disposable incomes in developed as well as developing economies have resulted in demand for various products which require packaging. On the other hand, the rising market for online retail is acting as a catalyst in transforming the hot melt adhesive industry by offering numerous growth opportunities.

Get Exclusive Sample Copy of Report & Get Discount Upto 30% @ https://www.alltheresearch.com/sample-request/246

The hot melt adhesives industry is primarily driven by demand from packaging and building & construction industry which require these adhesives on a regular basis. The demand is essentially seen from developing economies such as India and China which has resulted in the fastest growth rate for Asia Pacific region.

Key Findings:

Based on the resin type, the ethylene vinyl acetate (EVA) segment is expected to grow at the highest CAGR of around 8% during the forecast period
Based on the distribution channel, in 2018, the offline segment is accounted for the highest market share in terms of value of almost 75% in the global market
Based on the end use industry, the packaging segment came out as a leading sector for the global hot melt adhesives market, in 2018
On the basis of region, North America region which is fuelled by growth in consumer goods segment, accounted largest market share globally by contributing more than 35% share in 2018
Recent News:

In September 2019, US based hot melt adhesives manufacturer 3M Company made an announcement of new Sealing Tape 375+ product launch which helps in providing superior industrial packaging solutions.
In May 2019, Sika AG (Switzerland) launched new hot melt adhesive Sikamelt -675 for United States market. This is a reactive polyurethane hot melt for sandwich panel bonding.

Read More- https://www.alltheresearch.com/report/246/hot-melt-adhesives-market-market

For All Your Research Needs, Reach Out to Us:

Contact Name: Rohan S.

Email: contactus@alltheresearch.com

Phone: +1 (407) 768-2028

About us
AllTheResearch was formed with the aim of making market research a significant tool for managing breakthroughs in the industry. As a leading market research provider, the firm empowers its global clients with business-critical research solutions. The outcome of our study of numerous companies that rely on market research and consulting data for their decision-making made us realize, that it's not just sheer data points, but the right analysis that creates a difference. While some clients were unhappy with the inconsistencies and inaccuracies of data, others expressed concerns over the experience in dealing with the research firm. Also, same-data-for-all-business roles were making research redundant. We identified these gaps and built AllTheResearch to raise the standards of research support.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Global Hot Melt Adhesives Market to Reach USD 12.5 Bn by 2026 here

News-ID: 2320447 • Views: 175

More Releases from AllTheResearch

Demand for 5G Antenna Market to Witness Rapid Surge During the Period 2021-2027
5G Antenna Market by Type (Switched Multi-Beam Antenna, Adaptive Array Antenna); by Technology (SIMO, MISO, MIMO); by Application (Mobile Phones, Factory Automation, IoT, Connected Vehicles, Others); and by Region (North America, Europe, Asia Pacific, Latin America, MEA); - Global Forecasts 2021 to 2027 The Global 5G Antenna Market is an emerging market in the present years. The report covers the present and past market scenarios, market development patterns, and is likely
AI Sensors Market to Grow at CAGR of 36.5% Through 2021 to 2027
AI Sensors Market by Type (Case-based Reasoning, Ambient-intelligence, Neural Networks, Inductive Learning, Other); by Application (Biosensor, Health Monitoring, Maintenance and Inspection, Human-computer Interaction, Others); and by Region (North America, Europe, Asia Pacific, Latin America, MEA); - Global Forecasts 2021 to 2027 AI Sensors Market was valued at USD 15.6 Billion in 2020 and is expected to reach USD 138.5 Billion by 2027, with a growing CAGR of 36.5% during the forecast
Last Mile Delivery Market Will Expand at CAGR of 18.9% by 2027
Last Mile Delivery Market by Vehicle (Light Duty Vehicle, Medium Duty Vehicle, Heavy Duty Vehicle), by Cargo (Dry Goods, Postal, Liquid Goods), by End User (Chemical, Pharmaceutical and Healthcare, FMCG, E-Commerce) by Region (North America, Europe, Asia-pacific, Rest of the World): Global Forecasts 2021 To 2027. The global Last Mile Delivery Market was valued at USD 18.7 Bn in 2020, and it is expected to reach USD 62.7 Bn by 2027,
Advanced Tire Market Will Expand at CAGR of 19.1% by 2027
The latest market research report “Advanced Tire Market By Material type (Natural Rubber, Synthetic Rubber, Steel, Elastomers, Others); By Type (Pneumatic Tires, Run Flat Tires, Airless Tires); By Technology (Chip Embedded Tires, Self-Inflating Tires, Multi Chamber Tires, All In One Tires); By Vehicle Type (Light Duty Vehicles, Heavy Duty Vehicle, Agricultural Tractors, Construction & Mining Equipment, Industrial Equipment); By Region, Opportunity Analysis and Industry Forecast, 2021–2027” published by AllTheResearch, features

All 5 Releases


More Releases for Hot

Global Hot Chocolate Market Research Report 2016
Qyresearchreports include new market research report "Global Hot Chocolate Market Research Report 2016" to its huge collection of research reports. Various factors are supporting the global Hot Chocolate market’s growth. The report includes decisive data, which presents insights into the key growth drivers and restraints impacting the Hot Chocolate market’s trajectory between 2017 and 2022. Besides this, the report also includes profiles of some of the leading market players. The strategies
CloudJacket Hot Streak Continues with 2012 Hot Technology Award
Boca Raton, Fla., May 15, 2012 – The flagship CloudJacket Security solution has won the 2012 Hot Technology award, presented by the Network Products Guide on May 8, 2012, at an awards gala in Las Vegas. CloudJacket incorporates the most innovative technology to date from the experts at SECNAP Network Security, who have a rich history of innovation dating to the company’s founding in 2001, with each solution capturing industry
DAVOS - COLD OR HOT?
Davos – Cold or Hot? Check out on 9-10 February, 2012! - Prepare for a heated debate on who to run Employee Comms - HR or PR, with Paul Holmes, a seasoned PR and communications professional, founder of The Holmes Report and the SABRE awards, and an indisputable authority worldwide. -Join the round table on communicating scientific breakthrough with James Gillies, head of communications at CERN, as moderator. -Come to hear Daniel Holtgen’s solutions
Brazil is Investment Hot Spot
One of the world’s hottest destinations for investment, Brazil is also creating record numbers of jobs. Government figures point to 2.52 million jobs in 2010 with 3 million expected this year. Brazil’s investment potential recently led the Daily Mail Investment Extra to describe it as “a hot spot for those seeking big returns”. Brazil is currently the world’s eighth largest economy and one of the fastest growing. Thanks to massive sums
Bains Marie Hot Cupboards - Catering Hot Cupboards - Mobile Hot Cupboards
Although a very basic piece of catering kit, a hot cupboard can make all the difference to the quality of a meal. No matter how carefully food is prepared and cooked, if it isn’t stored at the correct temperature prior to serving, it won’t reach the customer it tip-top condition. E & R Moffat has designed a range of hot cupboards with bains marie fitted with forced-air heating and recirculation. The
Engate Technology Awarded 2008 Hot Companies Honor
San Jose, CA — February 25, 2007 — Engate Technology Corporation, a leading anti-spam supplier and pioneer of next generation network profiling and connection management security solutions, today announced that it has been named a recipient of the 2008 Hot Companies award by Silicon Valley Communications. Selected from an industry analysis of more than 500 prominent info security vendors around the world, this prestigious honor comes to Engate Technology based