Global Hot Melt Adhesives Market – Analysis and Forecast (2014 – 2024)

Global Polymer Concrete Market

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Global Hot Melt Adhesives Market

Industry Overview Hot melt adhesives are usually in the form of thermoplastic adhesive that is applied with the help of hot glue gun as a result of which these adhesives are also known as hot glue. There is presence of huge array of

polymers in this category that comprises of both synthetic and natural adhesives. The global hot melt adhesives market was valued at USD 7.9 billion in 2017 and is expected to contribute revenue of USD 11.9 billion by 2024, registering a CAGR 6.1% during the forecast period (2018 â&#x20AC;&#x201C; 2024). The growth of this market

is attributed towards the increasing capability of consumers in spending power in developing countries along with increasing expansion of the packaging industry.

Global Hot Melt Adhesives Market

Growth Drivers Increasing disposable income of the consumers in developing countries such as China, India and Indonesia

is the major factor driving the growth of global hot melt adhesives market. As a result of increasing spending capability of consumers and demand for various products such as electronics, clothes and

footwear the demand for hot melt adhesives is growing at rapid pace across the globe. For instance, in electronic offerings these adhesives are used in joining two substrates.

Global Hot Melt Adhesives Market

Geographic Overview Geographically, North America hot melt adhesives market is projected to generate largest revenue of USD 3.9 billion by 2024, registering a CAGR of 6.1% during the forecast period. Moreover, Asia Pacific is expected to witness fastest growth during the forecast period owing to flourishing infrastructure development in

countries such as India and China.

Global Hot Melt Adhesives Market

Competitive Insight Some of the major players operating in the global hot melt adhesives market are Sika AG, Beardow & Adams (Adhesives) Limited., 3M Company, Westlake Chemical Corporation, Bostik Inc., Jowat SE, H.B. Fuller

Company, Avery Dennison Corporation, Arkema Group, DowDuPont Inc., and Henkel & Co. KGaA. Explore Full Report Sample at: https://www.vynzresearch.com/chemicals-materials/hot-melt-adhesivesmarket

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Global Hot Melt Adhesives Market – Analysis and Forecast (2014 – 2024)

Published on Dec 29, 2018

kumarharindra784

Hot melt adhesives are usually in the form of thermoplastic adhesive that is applied with the help of hot glue gun as a result of which these adhesives are also known as hot glue. There is presence of huge array of polymers in this category that comprises of both synthetic and natural adhesives. The global hot melt adhesives market was valued at USD 7.9 billion in 2017 and is expected to contribute revenue of USD 11.9 billion by 2024, registering a CAGR 6.1% during the forecast period (2018 – 2024). The growth of this market is attributed towards the increasing capability of consumers in spending power in developing countries along with increasing expansion of the packaging industry.