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Hot Melt Adhesives Market
The global market size for hot melt adhesives was estimated at 8.94056 billion USD in 2021 and is expected to reach 9.49101 billion USD in 2022, growing at a CAGR of 6.27%, and is projected to reach 12.87783 billion USD by 2027.
Hot Melt Adhesive Market
The global market size for hot melt adhesives reached 7.1 billion USD in 2021. Going forward, the IMARC Group forecasts a growth rate of 5.5% (CAGR) between 2022 and 2027, expecting to reach 9.7 billion USD by 2027. Keeping the uncertainties of COVID-19 in mind, we are continuously tracking and assessing the direct and indirect impacts of the pandemic on various end-use industries. These insights are included in the report as key contributing factors to the market.
Global Hot Melt Adhesives Market Study 2016-2032
This report investigates the global hot melt adhesive market, providing an overview of the market along with trends by application, region, and country, as well as profiles of companies entering the market.
Global Hot Melt Adhesives Growth Opportunities
The global hot melt adhesive (HMA) market is expected to grow significantly over the next seven years. Considering macroeconomic factors such as the adverse effects on supply chains and price increases due to the COVID-19 pandemic and the Russia-Ukraine war, HMA manufacturers need to develop effective strategies to manage inventory timeliness, pricing, and quality in the coming years. Additionally, the rising demand for innovative chemicals that meet customers' unmet needs, such as bio-based adhesives, biodegradable formulations, non-stick HMAs, and heat-resistant adhesives, poses challenges. The development of new high-performance and innovative chemicals is expected to contribute to rising prices and subsequent revenue growth. This report investigates the global hot melt adhesive (HMA) market, providing insights into factors influencing market growth, market forecast analysis, and competitive landscape.
