The Business Research Company Global Hot Melt Adhesives Market Report 2021: Impact and Recovery of COVID-19
LONDON, GREATER LONDON, UK, Oct 1, 2021 /EINPresswire.com/ – According to New Market Research Report “Global Hot Melt Adhesives Market Report 2021 – Impact and Recovery of COVID-19” published by The Business Research Company, the hot melt adhesives market size is expected to grow from $ 6.63 billion in 2020 to $ 7.02 billion in 2021 at a compound annual growth rate (CAGR) of 5.9%. the impact of COVID-19, which had previously led to restrictive containment measures involving social distancing, remote working and the shutdown of business activities which resulted in operational challenges. The market is expected to reach $ 8.06 billion in 2025 at a CAGR of 4%.
With a growing awareness of environmental conservation, customers / consumers are looking for environmentally friendly products. The hot melt polyurethane adhesive is seeing visible success in underwear, sportswear and medical apparel manufacturers in Asia. The growing demand for hot melt polyurethane adhesives will drive the hot melt adhesive market.
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The hot melt adhesives market consists of sales of hot melt adhesives. Hot melt adhesives are known as hot glue, a form of thermoplastic adhesive that is heated to create a melt before being applied to the surface and is designed to be melted in an electric hot glue gun.
Global Hot Melt Adhesives Market Trends
Many hot melt adhesive companies are adopting IoT (Internet of Things) technologies to connect smart equipment and devices to collect real-time information and locate gaps in the manufacturing process. The data obtained is processed, analyzed and interpreted by plant managers and senior management to improve quality and achieve optimal production levels. For example, intelligent systems provide information on the operating conditions and performance of chemical reactors with integrated software and analysis tools to inform operators and plant managers of possible machine failures. For example, some of the big companies embracing IoT include BASF SE, The Dow Chemical Company, and HB Fuller.
Global Hot Melt Adhesives Market Segments:
The global hot melt adhesives market is further segmented:
By type: thermoplastic polyurethane, ethylene-vinyl acetate, styrene-butadiene copolymers, polyolefins, polyamide, other types of resin
By application: Packaging solutions, Non-woven hygiene products, Furniture and woodwork, Bookbinding, Others
By end user: building and construction, packaging, transport, electrical and electronic devices, healthcare, other
By Geography: The global hot melt adhesives market is segmented into North America, South America, Asia Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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Global Hot Melt Adhesives Market report 2021 is part of a series of new reports from The Business Research Company that provides Hot Melt Adhesives market overviews, analysis and forecast on Hot Melt Adhesives market size and growth Global Hot Melt Adhesives market, Hot Melt Adhesives market players, Hot Melts market segments and geographies, revenue, profiles and market share of the major competitors in the Hot Melt Adhesives market. The Hot Melt Adhesives market report identifies key countries and segments for opportunities and strategies based on market trends and approaches of key competitors.
Read the 2021 Global Hot Melt Adhesives Market Report from The Business Research Company for insight into the following:
Data segments: market size, global, by region and by country; Historical and forecast size, and growth rate for the world, 7 regions and 12 countries
Hot Melt Adhesives Market Organizations Covered: Jowat Se, Sika AG, Tex Year Industries Inc., DowDuPont, Costchem SRL, American Chemical Inc., Bostik, Inc., Huntsman Corp., Beardow & Adams Ltd., Hexcel Corporation, Worthen Industries , Sealock Ltd., Adhesive Direct UK, Buhnen GmbH & Co. Kg, Daubert Chemical Company, Evans Adhesive Corporation, Ltd., Evonik Industries AG, Helmitin Adhesives, Sanyhot Adhesivos SA, Toyobo Co., Ltd., Dymax, Mapei SpA, Paramelt BV.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, United States, South America, Middle East and Africa.
Country: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
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The Business Research Company has published over 1,000 industry reports, covering over 2,500 market segments and 60 geographies. The reports are backed by 150,000 datasets, in-depth secondary research, and proprietary information from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 in various markets.
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Here is a list of reports from The Business Research Company similar to the Global Hot Melt Adhesives Market 2021 report:
Adhesives Market – By Water Type (Solvent Based Adhesives, Hot Melt Adhesives, Reactive Adhesives & Others), By Application Industry (Paper & Packaging, Building & Construction, Woodworking & Carpentry, Transportation , footwear and leather, product assembly, consumer / DIY, others), by product type (acrylic, PVA, polyurethanes, styrene block, epoxy, ethylene vinyl acetate (EVA), others) and by region, opportunities and strategies – Global forecasts until 2030
Global Water Based Adhesives Market Report 2021 – By Resin Type (Acrylic Polymer Emulsion (PAE), Polyvinyl Acetate (PVA) Emulsion, Vinyl Acetate Ethylene (VAE) Emulsion , styrene butadiene latex (SB), polyurethane dispersion (PUD)), By application (tapes and labels, paper and packaging, building and construction: automotive and transport, other (consumer and DIY, leather and footwear, sports and leisure and assembly)), by product type (vinyl acetate adhesives, starch / dextrin adhesives, rubber latex adhesives, protein / casein adhesives), impact and recovery of COVID-19
Global Reactive and Other Adhesives Market Report 2020 – By Type (Epoxy, Acrylic, Silicone, Polyurethane), By Applications (Building & Construction, Automotive & Transportation, Power, Power & Electronics)
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