A recent report published by Infinium Global Research on hot melt adhesives market provides in-depth analysis of segments and sub-segments in the global as well as regional hot melt adhesives market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional hot melt adhesives market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global hot melt adhesives market. According to the report, the global hot melt adhesives market is projected to grow at a CAGR of 6.2% over the forecast period of 2019-2025.
Hot melt adhesives offer the fastest method of bonding. The regulatory requirements and lower processing costs of hot melt adhesives propel the hot melt adhesives market growth. The key players in the global hot melt adhesives market are adopting strategies such as mergers, acquisitions, and collaborations that maximize their market share.
The rising consumption of healthcare products drives the growth of the hot melt adhesives market. The rapidly increasing packaging industry contributes to the growth of the hot melt adhesives market. The surge in demand for packaged food items and changing lifestyles promote the growth of the hot melt adhesives market. The rising demand for hot melt adhesives in the construction sector propels the growth of the hot melt adhesives market. The growing demand for polyolefin based adhesives promotes the growth of the hot melt adhesives market. The increasing use of hot melt adhesives for carbon closing, sealing, and pallet stabilization boosts the growth of the hot melt adhesives market. On the other side, volatile crude oil prices hinder the growth of the hot melt adhesives market. Moreover, technological advancement in hot melt adhesives creates numerous opportunities for the growth of the hot melt adhesives market.
Based on geography, the global hot melt adhesives market is classified into North America, Asia-Pacific, Europe, and the Rest of the World. North America is anticipated to hold a premium share in the global hot melt adhesives market. The growing adoption of advanced technology in North America contributes to the growth of the hot melt adhesives market in North America. Asia-Pacific region is expected to grow in the global hot melt adhesives market with a significant CAGR over the forecast period. The increasing demand from the automotive and packaging industries in Asia-Pacific boosts the growth of the hot melt adhesives market in Asia-Pacific. Europe is showing growth in the global hot melt adhesives market.
The report on global hot melt adhesives market covers segments such as product, and end-user. On the basis of product, the sub-markets include ethylene vinyl acetate, polyolefins, polyamide, polyurethanes, styrene block copolymer, and other products. On the basis of end-user, the sub-markets include packaging, construction, non-woven, book binding & paper binding, furniture, footwear, electronics, and other end-users.
The report provides profiles of the companies in the market such as Arkema Inc., Dow Corning, H. B. Fuller Company, 3M Company, Henkel AG & Company KGaA, Jowat SE, Sika AG, Beardow & Adams Limited, Avery Dennison Corporation, DowDuPont Inc., and other companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of hot melt adhesives market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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