Hot Melt Adhesives Market Product Segments And Growth Outlook Report By 2022
“Driving factors responsible for the market growth include increase in use and extensive usage as applications across all verticals. Favourable regulations by the governments pertaining to the use of eco-friendly products is expected to fuel the market demand during the forecast period.�
The Global Hot Melt Adhesives Market is likely to grow at a significant CAGR of 6.40% in the forecast period. A thermoplastic polymer system when applied in a molten state results in a hot melt adhesive. The flow must be smooth on both the surfaces to allow rapid cooling at a room temperature. Hence, proper viscosity for hot melt adhesives to function at room temperature enables in an ideal product. Driving factors responsible for the market growth include increase in use and extensive usage as applications across all verticals. Favourable regulations by the governments pertaining to the use of eco-friendly products is expected to fuel the market demand during the forecast period. In addition, the packaging industry plays a prominent role in the market expansion that leads into potential growth prospects. Rise in consumption of food products is also expected to gain a significant CAGR in the forecast period. Product segmentation for hot melt adhesives market includes EVA, SBC, Polyolefin, PU, Polyamide and Polyester. EVA segment accounts for a greater market share owing to extensive use and versatile form. Application category for hot melt adhesives market include bookbinding, pressure sensitive products, packaging disposables, footwear, furniture, textile, electronics and automobiles. Disposables accounted for a significant market share in the forecast period due to rise in use of disposables in hygiene products, also the usage encompass baby diapers and baby hygiene products. Browse Full Research Report @ https://www.millioninsights.com/industry-reports/hot-melt-adhesives-market-forecast