The Global Hot Melt Adhesive Market is Expected to Grow with a CAGR of 4.5% from 2023 to 2030
The Global Hot Melt Adhesive Market is Expected to Grow with a CAGR of 4.5% from 2023 to 2030
Blog Article
According to a market report by Lucintel, the future of the global hot melt adhesive market looks promising with opportunities in the packaging, disposable hygiene product, hot melt pressure sensitive adhesive, automotive, construction, and bookbinding markets. The global hot melt adhesive market is expected to reach an estimated $13 billion by 2030 from $10 billion in 2023 at a CAGR of 4.5% from 2023 to 2030. The major drivers for this market are growing demand for efficient, durable, and sustainable packaging solutions, rising vehicle production and advancements in automotive technology, and increasing emphasis on sustainability and environmental impact across various industries.
In this market, pellets, pillows, and glue sticks are the major segments of hot melt adhesive market by product form.
Lucintel forecasts that pellets is expected to witness the highest growth over the forecast period.
Within this market, packaging is expected to witness the highest growth.
APAC is expected to witness the highest growth over the forecast period.
Henkel, 3M Company, The Dow Chemical Company, H.B. Fuller, and Sika AG are the major suppliers in the hot melt adhesive market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cast visit Lucintel’s Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972.636.5056