Hot Melt Adhesives Market Global Industry Analysis and Forecast (2022-2029)



Hot Melt Adhesives Market
Hot Melt Adhesives Market 

Applied to surfaces, hot melt adhesives are thermoplastic resins that are solid at room temperature and liquefy when heated. All sorts of product assembly, including small joint assembly, big surface lamination mounting, and trip attachment, can be done with hot melt adhesives, commonly known as hot glue. The advantage of hot melt adhesives not losing thickness when dried is predicted to increase demand for them in commercial projects and fuel market revenue development. The simplicity with which industrial hot glue can be applied by dipping or spraying is predicted to significantly enhance demand for it. In addition, hot melt adhesives dry quickly, have a long shelf life after usage, and without the need for additional safety measures. Hot melt adhesives are projected to be used in more industrial projects as awareness of these benefits grows.

The global hot melt adhesives market is projected to surpass US$ 9.8 billion by the end of 2027, in terms of revenue, growing at CAGR of 5.2% during the forecast period (2020 to 2027).

Hot melt adhesive demand is rising as a result of an increase in small art and craft e-commerce companies that sell a variety of gifts and home décor items, which is anticipated to propel market revenue growth over the course of the projected period. The construction of gift boxes, DIY projects, and the assembly of paper- and wood-made cases all make extensive use of hot melt adhesives. The global hot melt adhesives market is also anticipated to grow as consumers use hot melt adhesives more frequently to adhere fabric to create fashionable apparel. The growth of the Hot Melt Adhesives Market in the region is being aided by well-established end user sectors such furniture and woodworking, automotive and transportation, packaging solutions, disposable sanitary goods, and footwear as well as a significant presence of hot melt adhesive producers. Technology is being used by producers of hot melt adhesives to both enhance production and add bio-based components. In addition, hot melt adhesive is a key component of the U.S. packaging industry's expansion for strong, long-lasting packaging. Throughout the forecast period, stable growth is expected to be seen in Europe. The expansion of the construction industry, the expansion of the automotive industry, and the expansion of online product delivery services in Western European developed nations like Italy, the United Kingdom, Germany, France, and Spain will all have a positive impact on the market growth in the area.

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