Brand Story
27 Sep 2022, 09:06 GMT+10
The global hot melt adhesives market value is anticipated to create a lucrative growth opportunity in the global landscape by registering a CAGR of 5.3%. from 2022 to 2032. The market is expected to reach a valuation of US$ 7,562.9 Mn by the end of 2022 and is predicted to reach US$ 12,675.7 Mn by 2032.
Attributes
Key Statistics
Global Hot Melt Adhesives Market Estimated Size (2022E)
US$ 7,562.9 Mn
Projected Market Valuation (2032F)
US$ 12,675.7 Mn
Value-based CAGR (2022-2032)
5.3%
Collective Value Share: Top 3 Countries (2022E)
55.1%
Over the historical period, the global hot melt adhesives market witnessed a CAGR of 4.8% between 2014 to 2021. The manufacturing activities have been reduced and significant reduction has been witnessed in the product capacities, part-time shifts, as well as introduction of automated production machinery, let manufacturers improve their market positions. These aforementioned factors are expected to drive the hot melt adhesives market during the forecast period.
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Several regulatory bodies including the Registration, Evaluation, Authorization, and Restriction of Chemicals (REACH) and the Environmental Protection Agency (EPA) are expected to take more steps in order to limit the use of solvent-based adhesives which helps in reducing their negative impacts on the environment. These factors are likely to drive the global hot melt adhesives market in the upcoming decade. As per FMI, the market is estimated to exhibit a CAGR of 5.3% from 2022-2032.
Key Takeaways
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Competitive Landscape
In order to elevate their annual turnover and fortify their market positions worldwide, leading manufacturers in the market are purchasing small-scale market players. To efficiently meet the rising demand and thrive in the highly competitive market, key participants are also concentrating on mergers and expansion activities.
Hot Melt Adhesives Market Outlook by Category
By Polymer Base:
By End Use:
By Region:
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Table of Content
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Analysis and Recommendations
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3.1. Key Trends Impacting the Market
To be continued...!
Have a Look at Trending Reports of Chemicals & Materials Domain
Electronics Adhesives Market Share: Increasing global population levels and the rise in per capita income of population have supported the sales of automobiles with comfort and safety features through electronic systems. This in turn has bolstered the prospects of the electronics adhesives market.
Silicone Adhesives And Sealants Market Size: Rising use of UV curing technology and thermosets in the manufacturing of product is expected to enhance production speed, improve scratch resistance and provides superior bonding, which in turn is expected to emerge as the most significant growth driver for global silicone adhesives and sealants market over the forecast period.
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The post With 5.3% CAGR, Hot Melt Adhesives Market Size to Hit US$ 12,675.7 Million by 2032 | Future Market Insights appeared first on Future Market Insights.
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