Hot Melt Adhesives Market Overview:

For the global industry's Hot Melt Adhesives market analysis, a research team did thorough primary and secondary research. Secondary research was carried out in order to supplement existing data, segment the market, estimate overall market size, and anticipate market size and growth rate.

Hot Melt Adhesives Market : size was valued at USD 8.68 Bn. in 2021 and the total Hot Melt Adhesives revenue is expected to grow at a CAGR of 4.8 % from 2022 to 2029, reaching nearly USD 12.63 Bn.

Primary and secondary research is used to identify market leaders, while primary and secondary research is used to assess market revenue. In-depth interviews with important thought leaders and industry professionals, such as experienced front-line staff, CEOs, and marketing executives, were conducted as part of the core research. Primary research comprised in-depth interviews with key thought leaders and industry professionals, such as experienced front-line staff, CEOs, and marketing executives, while secondary research included a review of the main manufacturers' annual and financial reports. Secondary data is used to calculate global market percentage splits, market shares, growth rates, and breakdowns, which are then compared to primary data.

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Market Scope:

By defining and assessing market segments and predicting market size, the study aids comprehension of the Global Hot Melt Adhesives Market dynamic structure. In addition, the report includes a competitive analysis of significant firms based on pricing, financial state, application expansion ambitions, and geographical presence. The research also includes a PESTLE analysis to help shareholders prioritize their efforts and investments in the Global Hot Melt Adhesives Market.

Hot Melt Adhesives Market Segmentation:

By Application, the Packaging segment held the largest share of about 38% of the Hot Melt Adhesives market in 2021 and is expected to grow at a CAGR of 4.5% during the forecast period. The increasing need for adequate packaging solutions for items to prevent their materials from being damaged during transportation, processing, and storage is expected to be the key driver driving segment growth over the forecast period. Packaging helps to keep the product intact along its transportation chain from producer to end user, leading to increased product sealing usage.

Hot Melt Adhesives Market key players are

• Jowat SE
• Sika AG
• 3M Company
• Bostik Inc.
• Avery Dennison Corporation
• H.B. Fuller Company
• Arkema Group
• Westlake Chemical Corporation
• Beardow& Adams (Adhesives) Limited.
• DowDuPont Inc.
• Arkema Group
• Ashland
• Delo Industrial Adhesives
• BASF SE
• Huntsman International LLC
• RPM International Inc.
• Evonik Industries AG
• Westlake Chemical Corporation

 

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Regional Analysis:

An study of the Hot Melt Adhesives Market at the national level focuses on categories indicated as potentially high-growth, nations with the biggest market share, and countries with the highest development potential. North America (USA, Canada), South America, Asia Pacific (China, Japan, India, Korea), Europe (Germany, UK, France, Italy), and Other nations are the geographical breakdowns in the Hot Melt Adhesives Market study.

COVID-19 Impact Analysis on Hot Melt Adhesives Market: The report covers COVID-19 impact on Hot Melt Adhesives market.

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