Press release
Revenue from the Sales of Hot Melt Adhesives Market to Exhibit Prominent Growth During 2021 to 2031
The global hot melt adhesives market is anticipated to expand at a CAGR of 6.2% over the forecast period of 2022 and 2031. Significant growth of the packaging industry is boosting demand of hot melt adhesives.
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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.
Key Players:
The report has profiled some of the important players prevalent in the global like - 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.,
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Hot Melt Adhesives Market.
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.
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.
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Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)
Key Stakeholders
Hot Melt Adhesives Market Manufacturers
Hot Melt Adhesives Market Distributors/Traders/Wholesalers
Hot Melt Adhesives Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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Hot Melt Adhesives Market - Report Highlights
• A detailed overview of parent market of Hot Melt Adhesives Market
• Changing Hot Melt Adhesives Market dynamics in the industry
• In-depth segmentation of the Hot Melt Adhesives Market
• Historical, current, and projected Hot Melt Adhesives Market size regarding volume and value
• Recent industry trends and developments in Hot Melt Adhesives Market
• Competitive landscape of the Hot Melt Adhesives Market
• Strategies for key players and products offered
• Potential and niche segments, geographical regions exhibiting promising growth
• A neutral perspective on Hot Melt Adhesives Market performance
• Must-have information for Hot Melt Adhesives
Market players to sustain and enhance their market footprint
Key Questions Answered in the Hot Melt Adhesives Market Report
How is the Hot Melt Adhesives Market expected to grow over the projected period?
What direction is the Hot Melt Adhesives Market expected to take in terms of volume and value during the forecast period?
What is the impact of macroeconomic factors on the Hot Melt Adhesives Market in future?
What are the key market drivers in the Hot Melt Adhesives Market?
What are significant opportunities and improvement areas for Hot Melt Adhesives Market manufacturers?
What are the key developments and trends taking over the Hot Melt Adhesives Market?
Which are the emerging countries that are expected to create significant growth opportunities in the Hot Melt Adhesives Market?
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