Global Hot Melt Equipment Market: Analysis, Share, Size and Forecast By 2031 | End User (Electronics, Food & Beverages, Medical, Automotive)

The global hot melt equipment market size was valued at $1,491.2 million in 2020, and is expected to reach $2,822.9 million by 2030, with a CAGR of 6.4% from 2021 to 2030.

The global hot melt equipment market report offers the complete market share, size, and the growth rate of different segments at both the country and regional levels. It provides an in-depth study of the market subtleties such as the current trends, drivers, opportunities, and even the restraining factors. The report also highlights the qualitative aspects in the study.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 : https://www.alliedmarketresearch.com/request-sample/13307

The hot melt equipment are used for assembly and packaging of products in electronics, food & beverage, automobile and other industries. The coils in the glue guns and bench top heat up using electricity. These coils further heat the glue and melts them to semi-liquid form, which can be further applied on the spots that are to be joined and packed for assembly or logistic purpose.

𝐂𝐨𝐯𝐢𝐝-𝟏𝟗 𝐒𝐜𝐞𝐧𝐚𝐫𝐢𝐨:
The market was hampered during the outbreak of COVID-19 pandemic, owing to restrictions of manufacturing activities. In addition, the manufacturing of products that are assembled using hot melt technology was hampered owing to limited sales of the end-use products through retail stores.
rapid growth of e-commerce industry and logistic industry. The global e-commerce industry witnessed growth from around $400 million in 2010 to about $3,400 million in 2020. This has led to increase in demand for hot melt equipment for packaging and logistic purposes. Moreover, low prices of commonly used adhesives drives the market. Polyethylene prices used for the hot melt adhesive have considerably fallen since the last few years as the production cost and manufacturing technology has developed. Owing to reduced prices, the demand for adhesives and hot melt equipment for the packaging applications has increased.
𝐁𝐮𝐲 𝐓𝐡𝐢𝐬 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 : https://www.alliedmarketresearch.com/purchase-enquiry/13307

𝐑𝐞𝐩𝐨𝐫𝐭 𝐜𝐨𝐯𝐞𝐫𝐚𝐠𝐞 & 𝐝𝐞𝐭𝐚𝐢𝐥𝐬:

By Product Type • Glue Guns
• Bench Top
By Glue Material • Polyurethane
• Polypropylene
• Ethylene-vinyl acetate
• Other
By End User • Electronics
• Food & beverages
• Medical
• Automotive

Key Benefits For Stakeholders
• The report provides an extensive analysis of the hot melt equipment market trends and future estimations.
• Extensive analysis of the market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
• A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
• The global hot melt equipment market forecast analysis from 2021 to 2030 is included in the report.
• The key market players within the global hot melt equipment market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the global market.

𝐒𝐩𝐞𝐚𝐤 𝐖𝐢𝐭𝐡 𝐀𝐧𝐚𝐥𝐲𝐬𝐭 : https://www.alliedmarketresearch.com/connect-to-analyst/13307

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