Press release
The Growth Of Hot Melt Adhesives Market To Be Explained At The Rate Of 6.2% From 2021-2031
The global hot melt adhesives market is anticipated to expand at a CAGR of 6.2% over the forecast period of 2021 and 2031. Significant growth of the packaging industry is boosting demand of hot melt adhesives.With usage in various applications across industries, demand for hot melt adhesives is anticipated to witness substantial growth over the coming years. Growing industries of furniture and wood work, automotive, footwear, electronics, and many others are significantly impacting the market in a positive outlook. Substantial vehicle production all over the globe is bolstering consumption of hot melt adhesives. Strong development in the electronics industry is also benefiting the industry of hot melt adhesives to a significant extent.
Development in product to decrease hazard generation and comply with stringent regulations enforced by various authorities are some of the key concerns of manufacturers of hot melt adhesives. Key players are focusing on introducing eco-friendly products to cater changing standards and stringent regulations.
Get Sample Copy of this Report@ https://www.persistencemarketresearch.com/samples/3378
Recent Developments in This Space
Aug 2021: An agreement was signed by Arkema for the acquisition of Ashland’s performance adhesives business, a first-class leader in high-performance adhesives for industrial applications in the United States with a unique and innovative product portfolio.
June 2021: H.B. Fuller announced that it had signed a distribution agreement with Jubilant Agri and Consumer Products Limited (JACPL), a 100% subsidiary of Jubilant Industries Limited, to address growing demand for adhesive applications in the B2B woodworking segment.
Feb 2021: Avery announced an agreement to acquire JDC Solutions, Inc., a Tennessee-based manufacturer of pressure-sensitive specialty tapes, for a purchase price of approximately US$ 24 million, subject to customary adjustments.
April 2019: Beardow & Adams announced that Industrias Plásticas Caute SRL (Inplástica) from Peru and Percat from Uruguay have become Beardow Adams’s latest global partners.
July 2017: H.B. Fuller Company signed an agreement to purchase adhesives company Adecol Ind. Química, Limitada, a highly respected manufacturer of quality adhesive technologies in Brazil.
Request for Methodology@ https://www.persistencemarketresearch.com/methodology/3378
Key Takeaways from Market Study
The global industry of hot melt adhesives is anticipated to reach a value of US$ 14.84 Bn by the end of 2031.
East Asia is estimated to witness significant growth at 7.1% CAGR over the forecast period.
Packaging solutions are anticipated to remain a key end use and account for a major share in global consumption of hot melt adhesives.
By resin, ethylene vinyl acetate is anticipated to witness year-over-year growth of 5.9% in 2021, and the segment is expected to remain a key resin used in the production of hot melt adhesives.
The U.S. is anticipated to remain a key market for hot melt adhesives owing to the strong presence of end-use industries.
“The COVID-19 pandemic is expected to significantly impact the global market for hot melt adhesives owing to decrease in demand primarily from the automotive & woodworking sectors,” says a Persistence Market Research analyst.
Access Full Report@ https://www.persistencemarketresearch.com/checkout/3378
Competitive Landscape
The global market has been identified as a fairly consolidated space owing to significant presence of key market participants.
Some of the key market players included in the study are 3M, Arkema S.A., Avery Dennison Corporation, Beardow & Adams (Adhesives) Ltd., DOW, HB Fuller Company, Henkel AG & Co. KGaA, Jowat SE, Sika AG, Tex Year Industries Inc., Adtek Malaysia SDN BHD, Buhnen GmbH & Co. Kg, Cherng Tay Technology Co., Ltd., and others.
Key manufacturers are anticipated to maintain a competitive environment in the global market. Key players are focusing on investing a fair share of their revenue in product development to launch bio-based products to sustain in the long run in this competitive environment.
Conclusion
Growing end-use industries such as packaging solutions, furniture & woodwork, automotive, footwear, textiles, and electronics are boosting the sales volume of hot melt adhesives. This is due to ease of application of these adhesives in several end-use industries.
Polyurethane, ethylene vinyl acetate, and styrene block copolymers are also estimated to remain key resins in the global industry. East Asia is projected to remain one of the fastest-growing markets, whereas, North America is projected to account for a key share in the industry of hot melt adhesives.
3M, Arkema S.A., Avery Dennison, Henkel AG, Jowat SE, and DOW are also estimated to remain prominent market participants. Key players are focusing on boosting their market presence through mergers and acquisitions, launching of environment-friendly products, and strengthening their distribution network.
Contact Us:
Persistence Market Research
Address – 305 Broadway, 7th Floor, New York City, NY 10007 United States
U.S. Ph. – +1-646-568-7751
USA-Canada Toll-free – +1 800-961-0353
Sales – sales@persistencemarketresearch.com
Website – https://www.persistencemarketresearch.com
About Us:
Persistence Market Research is here to provide companies a one-stop solution with regards to bettering customer experience. It does engage in gathering appropriate feedback after getting through personalized customer interactions for adding value to customers’ experience by acting as the “missing” link between “customer relationships” and “business outcomes’. The best possible returns are assured therein.
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 The Growth Of Hot Melt Adhesives Market To Be Explained At The Rate Of 6.2% From 2021-2031 here
News-ID: 2416193 • Views: …
More Releases from Persistence Market Research

Plastic Liner Market to Reach US$ 6.67 Bn by 2030, Expanding at 4.7% CAGR - Pers …
➤ Overview of the Market
The global plastic liner market has gained steady traction across multiple industries due to its cost-effectiveness, versatility, and protective characteristics. Plastic liners are widely used in agriculture, mining, construction, waste management, and packaging industries, where they serve as an essential barrier to prevent leakage, contamination, and material loss. These liners are manufactured using materials such as polyethylene (PE), polypropylene (PP), and PVC, offering superior resistance to…

Returnable Plastic Crate Market to Reach US$ 2,665.1 Million by 2030 Fueled by S …
➤ Overview of the Market
The global returnable plastic crate market is gaining momentum as industries seek cost-effective and sustainable packaging solutions. These crates are widely used for transporting and storing perishable goods, beverages, pharmaceuticals, and industrial products due to their durability, stackability, and reusability. The shift from single-use packaging to eco-friendly alternatives has accelerated the adoption of returnable plastic crates across sectors. The market, valued at US$ 1,820.0 million in…

US Thermal Power Market Expected to Reach US$ 251.9 Mn by 2031 with 2.4% CAGR Gr …
➤Overview of the Market
The US thermal power market plays a crucial role in the nation's energy mix, serving as a stable and reliable source of electricity despite the rise of renewables. Thermal power plants in the US rely primarily on coal, natural gas, and oil to generate electricity, with natural gas emerging as the dominant fuel source due to its affordability, efficiency, and lower carbon footprint compared to coal. According…

Europe Medical Plastic Market to Reach US$ 17 Bn by 2032 Driven by Rising Health …
➤Overview of the Market
The Europe medical plastic market is undergoing robust growth, fueled by increasing demand for lightweight, durable, and cost-effective materials in the healthcare sector. Medical plastics are widely used in devices, surgical instruments, diagnostic tools, implants, and packaging due to their high biocompatibility, versatility, and resistance to sterilization methods. With healthcare systems across Europe investing heavily in modernization and patient safety, the adoption of medical-grade plastics has gained…
More Releases for Key
Caprylyl Glycine Market Size, Share and Forecast By Key Players-Key Player I, Ke …
𝐔𝐒𝐀, 𝐍𝐞𝐰 𝐉𝐞𝐫𝐬𝐞𝐲- According to the MRI Team's Market Research Intellect, the global Caprylyl Glycine market is anticipated to grow at a compound annual growth rate (CAGR) of 16.41% between 2024 and 2031. The market is expected to grow to USD 11.09 Billion by 2024. The valuation is expected to reach USD 32.12 Billion by 2031.
The Caprylyl Glycine market is experiencing significant growth, driven by its increasing demand in the…
Polyurethane Prepolymer (PPU) Market Size, Share and Forecast By Key Players-Key …
𝐔𝐒𝐀, 𝐍𝐞𝐰 𝐉𝐞𝐫𝐬𝐞𝐲- According to the MRI Team's Market Research Intellect, the global Polyurethane Prepolymer (PPU) market is anticipated to grow at a compound annual growth rate (CAGR) of 11.68% between 2024 and 2031. The market is expected to grow to USD 8.1 Billion by 2024. The valuation is expected to reach USD 17.54 Billion by 2031.
The Polyurethane Prepolymer (PPU) Market is set for significant growth, driven by increasing demand…
Olivine Sand Market Size, Share and Forecast By Key Players-Key Player I, Key Pl …
𝐔𝐒𝐀, 𝐍𝐞𝐰 𝐉𝐞𝐫𝐬𝐞𝐲- According to the MRI Team's Market Research Intellect, the global Olivine Sand market is anticipated to grow at a compound annual growth rate (CAGR) of 16.07% between 2024 and 2031. The market is expected to grow to USD 39 Billion by 2024. The valuation is expected to reach USD 110.69 Billion by 2031.
The olivine sand market is poised for significant growth due to its increasing use in…
Phlorotannins Market Analysis By Top Keyplayers - Key Player I, Key Player II, K …
The "Phlorotannins Market" is expected to reach USD xx.x billion by 2031, indicating a compound annual growth rate (CAGR) of xx.x percent from 2024 to 2031. The market was valued at USD xx.x billion In 2023.
Growing Demand and Growth Potential in the Global Phlorotannins Market, 2024-2031
Verified Market Research's most recent report, "Phlorotannins Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2030," provides an in-depth examination of the industry…
Direct Drive Frameless Motor Market Size, Insights 2031 by Key Vendors- Key Play …
𝐔𝐒𝐀, 𝐍𝐞𝐰 𝐉𝐞𝐫𝐬𝐞𝐲: According to Verified Market Reports analysis, the global Direct Drive Frameless Motor Market size is reached a valuation of USD xx.x Billion in 2023, with projections to achieve USD xx.x Billion by 2031, demonstrating a 𝐂𝐀𝐆𝐑 𝐗𝐗.𝐗% 𝐟𝐫𝐨𝐦 𝟐𝟎𝟐𝟒 𝐭𝐨 𝟐𝟎𝟑𝟏.
The Direct Drive Frameless Motor Market presents significant opportunities for growth driven by advancements in technology and the increasing demand for high-performance, precision-driven applications across various industries.…
Hydroxylamine Hcl Market Size, Share Projections 2031 by Key Manufacturer- Key P …
𝐔𝐒𝐀, 𝐍𝐞𝐰 𝐉𝐞𝐫𝐬𝐞𝐲: According to Verified Market Reports analysis, the global Hydroxylamine Hcl Market size is reached a valuation of USD xx.x Billion in 2023, with projections to achieve USD xx.x Billion by 2031, demonstrating a 𝐂𝐀𝐆𝐑 𝐗𝐗.𝐗% 𝐟𝐫𝐨𝐦 𝟐𝟎𝟐𝟒 𝐭𝐨 𝟐𝟎𝟑𝟏.
The Hydroxylamine HCl Market offers substantial opportunities for growth driven by its diverse applications across various industries. Hydroxylamine hydrochloride is widely used as a reducing agent in chemical synthesis,…