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Global Hot Melt Adhesives Market – Analysis and Forecast to 2024 | Arkema Group

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 u2013 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.

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Global Hot Melt Adhesives Market – Analysis and Forecast to 2024 | Arkema Group

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  1. Hot Melt Adhesives Market

  2. Hot Melt Adhesives Market Industry Overview The global hot melt adhesives market is predicted to grow at 6.1% CAGR during the forecast period with the market size reaching USD 11.9 billion by 2024. The market is driven by the factors such as growing demand in increasing disposable income of the consumers in emerging economies such as China, India and Indonesia, growinf packaging industries, rapid industrialization, and shift in technology used by automobile manufacturers for assembly.

  3. Hot Melt Adhesives Market Among different applications including furniture, hygiene, bookbinding, packaging solutions, automobile, textile, electronics, and footwear, automobile application is expected to witness fastest growth in demand for these adhesives, observing a CAGR of 7.0% during the forecast period. The fastest growth of this application is attributed towards the increasing use of these adhesives in the components of commercial and personal vehicles in the countries of developing economy.

  4. Hot Melt Adhesives Market Geographic Overview: North America accounted for the major share in the hot melt adhesives industry in 2017, and its market is set to reach USD 3.9 billion by 2024. Asia-Pacific is expected to witness the fastest growth in demand for these adhesives due to the increasing purchasing power and increasing disposable income of the Asian countries such as China, India, Philippines, and others.

  5. Hot Melt Adhesives Market Competitive Insight Key players offering products in the hot melt adhesives industry 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 Description at: https://www.vynzresearch.com/chemicals-materials/hot-melt-adhesives-market

  6. About VynZ Research… • VynZ Research is a global market research firm offering research, analytics, and consulting services on business strategies. We have a recognized trajectory record and our research database is used by many renowned companies and institutions in the world to strategize and revolutionize business opportunities. The company focuses on providing valuable insights on various technology verticals such as Chemicals, Automotive, Transportation, Energy, Consumer Durables, Healthcare, ICT and other emerging technologies. • VynZ Research has one of the most qualified & experienced analysts, who are constantly tracking the markets and the technologies. The research team has years of proven experience and wide knowledge & understanding of the technology, application, business models, and regulators of the segments and the value chain involved. • A trusted & proven methodology that involves highest quality of primary research, secondary analysis collated & verified through various sources including cross checking with different industry experts. • Serving wide range of customers most of them from Fortune 2000 companies • With a dedicated 24x7 customer helpline our customers can reach for specifying their needs • Developing long term relationship with the clients and satisfying them is one of the crucial notches of the company. VynZ Research aims at gaining and retaining its clients in order to make long term customer relationship.

  7. Hot Melt Adhesives Market For Free Sample Report :- https://www.vynzresearch.com/chemicals-materials/hot-melt-adhesives-market/request-sample

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