DUBLIN, July 20, 2021 /PRNewswire/ — The “Hot Melt Adhesive Market – Global Outlook and Forecast 2021-2026” report has been added to ResearchAndMarkets.com’s offering.
The hot melt adhesives market is expected to grow at a CAGR of over 5.57% during the forecast period 2020-2026.
Hot melt adhesives are witnessing high growth due to the rising demand in packaging, assembly, bookbinding, woodworking, and other applications industries. The high end-user variability of the industry makes the hot melt adhesives market one of the high-growth industries with high opportunities for vendors with different product categories.
APAC is one of the major contributors to the rapid growth of the adhesive market due rise in end-user industries that prefer hot melt adhesives due to their longer shelf life. The manufacturing sector is estimated to grow by around 10% over the next 5 years, which is expected to boost the demand for hot melt adhesives across the globe.
HOT MELT ADHESIVES MARKET SEGMENTATION
The global hot melt adhesives market research report includes a detailed segmentation by raw material, product form, applications, end-user, distribution, geography. The ongoing trend of eco-friendly products is likely to create more opportunities for bio-based hot-melt adhesives in the upcoming years.
Players are continuously focusing on introducing environment-friendly products in the global hot melt adhesives market. EVA hot melt adhesives are flexible and compatible with various other…