• Home
  • Contact Us
Saturday, January 21, 2023
  • Login
  • Register
No Result
View All Result
Visits times
  • Home
  • Tech
  • Business
  • Education
  • Entertainment
  • Health
  • Lifestyle
  • Tech
  • Technology
  • Travel
  • Home
  • Tech
  • Business
  • Education
  • Entertainment
  • Health
  • Lifestyle
  • Tech
  • Technology
  • Travel
No Result
View All Result
Visits times
No Result
View All Result

Hot Melt Adhesives Industry Trends, Segment Analysis, Growth and Forecast Report 2030

Hot Melt Adhesives Industry

pnsintel by pnsintel
October 11, 2022
in Business
0
Hot Melt Adhesives Market
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter

Factors such as the surging consumer expenditure and the expanding packaging industry will help the hot melt adhesives market to display a CAGR of 6.1% during the forecast period (2020–2030). According to P&S Intelligence, the market generated a revenue of $7,717.0 million in 2019, and it is expected to reach $12,761.3 million by 2030. Hot melt adhesives are widely used in the electronics, construction, packaging, and automotive industries, due to their ease of application, non-volatile organic compound (VOC) emitting, and fast setting time properties.

The flourishing packaging industry, primarily on account of the burgeoning demand for packaged food and drinks and the growing e-commerce sector, is one of the key contributors to the market growth, worldwide. Since packaged products require both rigid and flexible packaging, this industry uses hot melt adhesives in abundance because of their easy application and fast setting time features. With the increasing penetration of e-commerce platforms, owing to the rapid internet and smartphone adoption, the demand for such adhesives is escalating rapidly.

Additionally, the rising public spending in developing countries, such as China, India, and Indonesia, will also facilitate the hot melt adhesives market growth in the forthcoming years. The surging per capita income and growing disposable income of people of these nations are driving the demand for consumer products, such as electronics, clothes, and footwear, which require hot melt adhesives during their manufacturing processes. Therefore, the increasing consumption of such products will facilitate the market growth in the foreseeable future.

Get the sample pages of this report: https://www.psmarketresearch.com/market-analysis/hot-melt-adhesives-market/report-sample

In recent years, the rising shift of automobile manufacturers toward advanced assembly techniques from conventional ones has become a major trend in the hot melt adhesives market. The conventional assembly techniques in the automobile industry involve the usage of mechanical welds or fastener; whereas, the advanced techniques use hot melt adhesives. Nowadays, automakers have started using such adhesives in abundance, as these offer flexibility during the production process. Moreover, the hot melt adhesives are used in the automobile industry to join various types of substrates used in vehicles.

The resin type segment of the hot melt adhesives market categories are polyester, polyamide (PA), polyurethane (PU), metallocene polyolefin (MPO), amorphous polyalphaolefin (APAO), ethylene vinyl acetate (EVA), and styrenic block copolymer (SBC). In 2019, the EVA category generated the highest revenue, due to the high-volume consumption of EVA hot melt adhesives in the furniture, packaging, automotive, and electronics industries, owing to their ability to work in a wide temperature range. Moreover, the quick setting time and easy applicability of such adhesives will also augment their demand in the coming years.

Globally, the Asia-Pacific (APAC) hot melt adhesives market generated the highest revenue in 2019, due to the presence of vast manufacturing hubs in China, India, Japan, and South Korea. Additionally, the regional market is also expected to retain its dominance throughout the forecast period. This will be due to the booming population and escalating per capita income in APAC countries. Owing to these reasons, the consumption of automobiles, electronics, and packaged goods will surge rapidly, which will create a huge demand for hot melt adhesives, in the region.

Thus, the booming packaging sector and mounting public spending in developing countries will supplement the market growth in the forecast years.

Tags: Ethylene Vinyl AcetateHot Melt AdhesivesHot Melt Adhesives IndustryHot Melt Adhesives Industry SizeStyrenic Block Copolymer
Previous Post

Forex Education – Get The Best FX Trading Courses And Learn Quickly And Risk Free

Next Post

Gemstones Market, Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2021-2026

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

David Dahmer

David Dahmer

December 17, 2022
Benefits of pest control services

Benefits of pest control services

December 17, 2022
Why should you plan a trip to the state of Assam?

Why should you plan a trip to the state of Assam?

November 23, 2022
How to Handle Discrimination Cases Wisely and Protect Employee’s Rights

How to Handle Discrimination Cases Wisely and Protect Employee’s Rights

November 7, 2022
Mens Quilted Leather Jackets

THE MEN’S QUILTED LEATHER JACKETS ARE THE MOST TIMELESS FASHION TREND!

October 22, 2022

Health

Why should you plan a trip to the state of Assam?

Why should you plan a trip to the state of Assam?

November 23, 2022
Rehabs centres in Delhi

Do you want to get over your drug dependency?

October 22, 2022
Dental Tourism Packages: Highlighting the Amazing Advantages of Teeth Whitening

Dental Tourism Packages: Highlighting the Amazing Advantages of Teeth Whitening

October 21, 2022
Common Chemical Hazards in a Biogas Plant

Increase Your Harvests Multi-Fold With Non-Hybrid Seeds

October 20, 2022

Contact

Farazkhatri690@gmail.com

Whatsapp:: +92 311 0399200

Categories

  • Business
  • Education
  • Entertainment
  • F95zone
  • Fashion
  • Fashion
  • Games
  • Health
  • Latest
  • Law
  • Lifestyle
  • Music
  • Tech
  • Technology
  • Travel
  • Uncategorized

Site Links

  • Register
  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org
  • Home
  • Contact Us

© Copyrights 2022 Visit Times All Rights Reserved Developed By Soft Cubics

No Result
View All Result
  • Home
  • Tech
  • Business
  • Education
  • Entertainment
  • Health
  • Lifestyle
  • Tech
  • Technology
  • Travel

© Copyrights 2022 Visit Times All Rights Reserved Developed By Soft Cubics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In