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Hot Melt Adhesives Market Present Scenario And The Growth Prospects 2030

The APAC region will also be the fastest-growing region in the hot melt adhesives market during the forecast period. Owing to the booming population in the region, the demand for packaged food, clothing, automobiles, and consumer electronics is rising.

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Hot Melt Adhesives Market Present Scenario And The Growth Prospects 2030

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  1. Hot Melt Adhesives Market Present Scenario And The Growth Prospects 2030 1 ©P&SIntelligence.Allrightsreserved

  2. The rising per capita income is leading to a massively increasing consumer spending, especially in developing countries. This factor is projected to propel the global hot melt adhesives market at a 6.1% CAGR between 2020 and 2030. At this rate, the industry revenue will surge from $7,717.0 million in 2019 to $12,761.3 million by 2030. Sales of footwear, electronics, and automobiles are increasing rapidly, as people now have more to spare. This is why the hot melt adhesives market is growing, as such materials are widely used during the manufacturing process. Moreover, developing countries are also witnessing an increase in the number of production plants due to the availability of cost-effective labor and raw materials, which is leading to the rising consumption of such adhesives. Get the sample copy https://www.psmarketresearch.com/market-analysis/hot-melt- adhesives-market/report-sample The COVID-19 situation is somewhat restraining the growth of the hot melt adhesives market on account of plant closures. During the pandemic, the movement of people has been restricted, there is widespread unemployment, and consumers are not spending on non-essential goods. Therefore, owing to the declining demand for end products, the requirement for hot melt adhesives has also gone down in 2020. Hot Melt Adhesives Market Segmentation Analysis The ethylene vinyl acetate (EVA) category generated the highest demand in the hot melt adhesives market, on the basis of resin type. EVA adhesives offer easy application, short setting time, and compatibility with a wide temperature range, which is why they are preferred in the furniture, automotive, packaging, and electronics industries. In the coming years, the furniture category will witness the highest revenue CAGR in the hot melt adhesives market, of 6.8%, under the application segment. Apart from being environment-friendly, hot melt adhesives offer furniture durability and stability. Additionally, such materials are used during edging and veneering and to fill holes in wooden boards. Due to the growing furniture industry in India, China, and Germany, the demand for hot melts is rising sharply. Asia-Pacific (APAC) is the largest and fastest-advancing hot melt adhesives market in the world. Japan, China, India, and South Korea are four of the largest manufacturing powers due to the rise of domestic producers and shift of European and North American manufacturers to these countries. With the increasing demand for packaged goods, automobiles, and electronics, the consumption of hot melt adhesives continues to grow in the region. Sika AG, Henkel AG & Co. KGaA, H.B. Fuller Company, 3M Company, Ashland Global Holdings Inc., The Dow Chemical Company, Huntsman Corporation, DuPont de Nemours Inc., Avery Dennison Corporation, Evonik Industries AG, Westlake of this report at:

  3. Chemical Corporation, Arkema Group, Jowat SE, Bostik SA, and Beardow & Adams (Adhesives) Limited are the largest global hot melt adhesives market players. Browse report with detailed TOC on Hot Melt Adhesives Market - Global Industry Analysis and Demand https://www.psmarketresearch.com/market-analysis/hot-melt- adhesives-market Key Findings of Global Hot Melt Adhesives Market Report •The packing and automotive sectors draw the majority of the hot melt adhesive demand •The market is witnessing subdued growth during the COVID-19 crisis •Advanced automotive assembly techniques are trending in the market •EVA is the resin of choice for hot melts •Market investment opportunities galore in APAC •The market presents a fragmented nature, thus prompting players to go for mergers and acquisitions Market Size Breakdown by Segment Based on Resin Type Ethylene Vinyl Acetate (EVA) Styrenic Block Copolymer (SBC) Polyurethane (PU) Polyamide (PA) Amorphous Polyalphaolefin (APAO) Metallocene Polyolefin (MPO) Polyester Based on Application Packaging Diaper Furniture Footwear Textile Automotive Electronics Bookbinding Geographical Analysis North America Forecast to 2030 @ • • • • • • • • • • • • • • • • oU.S. oCanada Europe • oGermany oU.K. oFrance oItaly

  4. Asia-Pacific (APAC) • oChina oIndia oJapan oSouth Korea oVietnam oTaiwan oIndonesia oThailand oPhilippines oMalaysia oAustralia oNew Zealand Rest of World (RoW) • oBrazil oMexico oSaudi Arabia oSouth Africa © P&S Intelligence. All rights reserved 3

  5. Disclaimer: P&S Intelligence always keeps its customers’ interests at the core while carrying out research activities. P&S Intelligence ensures the reliability and accuracy of information and data provided in its market research publications. However, the information in publications is subject to fluctuations, as it is based on primary interviews of officials from various companies or organizations. P&S Intelligence is not responsible for any incorrect data provided by the key industry players of the concerned domain. The information or analysis in P&S Intelligence publications represents opinions based on research and should not be interpreted as statements of fact. Information in this report was believed to be correct at the time of publication, but cannot be guaranteed. P&S Intelligence does not endorse any product, service, or vendor depicted in its research publications. All intellectual properties, including trademarks and copyrights, belong to their respective owners and may be protected by copyright. Under no circumstance can these be reproduced in any form without prior written agreement of their owners. An order for market research report is intended for internal use of the company only and not for disclosure to third parties or any other publication in general. No service, report, or part thereof provided by P&S Intelligence can be reproduced, republished, resold, revealed, distributed, circulated, or sublicensed in any medium or form now realized or hereafter become realized, including but not limited to, all forms of optical-based media, magnetic, electronic, or digital, without a written permission from Prescient & Strategic Intelligence Pvt. Ltd. Kindly write to: enquiry@psmarketresearch.com B-13, Sector – 2, Noida, U.P. – 201301, INDIA Contact No: +91 120 4541 337 US/Canada Toll-Free: 1-888-778-7886 4 ©P&SIntelligence.Allrightsreserved

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