Press release
Hot Melt Adhesives Market to Grow at a CAGR of 5.2% through 2024
As per the findings of the report, the opportunity in the global hot melt adhesives market was pegged at US$6.00 bn in 2015 and is expected to rise at a CAGR of 5.20% between 2016 and 2024, reaching US$9.44 bn by 2024.
Request For Report Sample@ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=8488
On the basis of end users, the packaging industry will continue to be the leading revenue contributor in the global hot melt adhesives market until 2024. The construction sector will also be a promising end user during the review period. Geographically, Europe will command the lion’s share in the market throughout the forecast horizon. Asia Pacific, on the other hand, will post a CAGR higher than any other region. The growth of the region can be attributed to the rising demand for high-quality packaging of consumer goods and food and beverages.
Favorable Government Regulations to Escalate Adoption of Hot Melt Adhesives
The extensive application of hot melt adhesives in the packaging, construction, and electronics industries stimulating the growth of the market. “Therefore, the flourishing growth of these industries is reflecting positively on the sales of these adhesives,” says a TMR analyst. In addition, developing countries such as India, China, Brazil, and Indonesia are high-profit destinations of key players owing to the increasing construction spending and widening packaging applications in the food and beverages sector.
These adhesives are said to be safe for human use, environment friendly, and VOC-free thermoplastics, which are suitable for production, storage, and transportation. Owing to these properties, governments worldwide are encouraging their usage through favorable policies, thereby stoking the growth of the market.
Volatile Crude Prices to Keep Market from Realizing Utmost Potential
The turbulence in prices of crude oil is adversely affecting the overall revenue generation of the global hot melt adhesives market. This is further compounded by the abundant availability of alternatives. Moreover, manufacturers have to comply with stringent regulations, particularly in developed countries, which renders the pace of development of the market sluggish. Nevertheless, the spiraling demand for hot melt adhesives in various end-use industries is making way for technological advancements, which is likely to provide significant impetus to the market in the near future. Furthermore, the soaring demand for polyolefin based adhesives is creating ample growth opportunities for the global hot melt adhesives market.
Request For Report Table of Content (TOC): https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=8488
The study presented here is based on a report by Transparency Market Research (TMR), titled “Hot Melt Adhesives Market (Product Type - Ethylene Vinyl Acetate, Polyolefin (APAO and Metallocene based POE), Polyamide, Polyurethane, and Styrene Block Copolymers; End User - Packaging, Construction, Non-woven, Book Binding and Paper Binding, Furniture, Footwear, and Electronics) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024.”
About US
Transparency Market Research (TMR) is a next-generation provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
Contact US
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
Website: https://www.transparencymarketresearch.com
Email: sales@transparencymarketresearch.com
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 Hot Melt Adhesives Market to Grow at a CAGR of 5.2% through 2024 here
News-ID: 858985 • Views: …
More Releases from Transparency Market Research
RF Chip Inductor Market Size to Reach over USD 1.8 billion by 2031 - Transparenc …
RF Chip Inductor Market are essential components in various electronic devices, providing inductance and functioning as filters, oscillators, and transformers. They play a crucial role in ensuring the efficiency and performance of RF circuits. With the rapid advancement in telecommunications, consumer electronics, and automotive industries, the demand for RF chip inductors has seen a significant rise. These components are integral in applications such as smartphones, IoT devices, and automotive electronics,…
Solid Tires Market Expected to Witness Impressive Growth at a 8.1% CAGR by 2031
The latest research study released by Transparency Market Research on "Solid Tires Market Forecast to 2023-2031 ″ research provides accurate economic, global, and country-level predictions and analyses.
Solid Tires market is estimated to attain a valuation of US$ 760.0 Mn by the end of 2031, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 8.1% during…
Automotive Cyber security Market Sales Estimated to Hit USD 10.5 Billion by 2031 …
The latest research study released by Transparency Market Research on "𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐂𝐲𝐛𝐞𝐫 𝐬𝐞𝐜𝐮𝐫𝐢𝐭𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐭𝐨 𝟐𝟎𝟐𝟑-𝟐𝟎𝟑𝟏 ″ research provides accurate economic, global, and country-level predictions and analyses. It provides a comprehensive perspective of the competitive market as well as an in-depth supply chain analysis to assist businesses in identifying major changes in industry practices. The market report also examines the current state of the Automotive Cyber security industry, as…
Ready-mix Concrete Market to Witness Exponential Growth with a CAGR of 6.1% from …
The latest research study released by Transparency Market Research on "𝐑𝐞𝐚𝐝𝐲-𝐦𝐢𝐱 𝐂𝐨𝐧𝐜𝐫𝐞𝐭𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐭𝐨 𝟐𝟎𝟐𝟑-𝟐𝟎𝟑𝟏 ″ research provides accurate economic, global, and country-level predictions and analyses. It provides a comprehensive perspective of the competitive market as well as an in-depth supply chain analysis to assist businesses in identifying major changes in industry practices. The market report also examines the current state of the Ready-mix Concrete industry, as well as…
More Releases for TMR
Cancer Diagnostics Market Reviews 2031 | TMR Study
According to a Transparency Market Research (TMR) research report, the global cancer diagnostics Market is likely to expand at a CAGR of 7.4% during the forecast period, 2022 to 2031. This suggests that the market is expected to reach US$ 335.7 Bn by the end of 2031.
The study on the cancer diagnostics Market adopts rigorous and systematic research approaches to understand the growth dynamic of the market. The authors have…
LED Work Light Market 2029 | TMR Research
LED Work Light Market: Overview
The LED work light market may gain good momentum in terms of growth across the forecast period of 2019-2029 due to the growing demand from residential segments and the overwhelming benefits it provides. These high-intensity light fixtures are mainly used by technicians to assist them in their work temporarily. The use of LED work lights is increasing among many end-users due to benefits like longevity, durability,…
Dissolved Gas Analyzer Market 2025 | TMR Research
Global Dissolved Gas Analyzer Market: Overview
The high electrical and thermal stress leads to decomposition of mineral oils used inside a power transformer. This in turn leads to generation of hydrogen (H2), carbon di-oxide (CO2), carbon mono-oxide (CO), methane (CH4), ethylene (C2H4), and acetylene (C2H2) among others. The formation of these gases depends upon the faults in the transformer.
To evaluate the nature of the gases and their potential threats, dissolved gas…
Tumblers Market 2028 | TMR Research
The tumblers market is expected to set growth straight with rising demand for new attractive designs for liquors including alcoholic, and non-alcoholic in emerging region of Asia pacific. The rising disposable income, increasing access to quality products, and new product launches customised to suit the taste of the region promise major growth for the tumblers market in near future.
Download Brochure of This Market Report at - https://www.tmrresearch.com/sample/sample?flag=B&rep_id=6200
Among regions, North America,…
Hyperloop Train Market 2025 | TMR Research
Global Hyperloop Train Market: Snapshot
The global market for hyperloop train is likely to exhibit high-speed expansion in the next few years. The demand for cheap and quick modes of transport that incur low base-costs and are built on easier-to-construct infrastructure, are immune to natural calamities such as earthquakes are the key factors expected to work in favor of the global hyperloop train market.
Request Sample Copy of the Report @ https://www.tmrresearch.com/sample/sample?flag=B&rep_id=2000
The…
Crowdsourced Security Market 2018 - 2028 | TMR Research
Crowdsourced Security Market: Overview
The global crowdsourced security market is expected develop at a healthy pace in the coming years of the forecast period of 2018 to 2028. The mobile phone application segment of the crowdsourced security market is expected to develop at a rapid pace in these coming years. The rate of adoption of these mobile application is growing at a great pace and is thus helping the market to…
