Hot Melt Adhesives Market Size, In-Depth Qualitative Insights, Explosive Growth Opportunity, Regional Analysis by Fortune Business Insights

The global hot melt adhesives market size is expected to reach USD 9,702.2 million by 2027, exhibiting a CAGR of 5.3% during the forecast period. The growing need for advanced products coupled with favorable government policies are factors expected to aid expansion of the global market,

The report on the hot melt adhesives market contains:

An all-inclusive study of the market
Vital market trends and drivers
Emerging industry developments
Comprehensive data about eminent players
Competitive landscape

Shortage of Workers to Retard Business Development amid Coronavirus

A temporary halt on operations has negatively impacted the global market. The automotive industry experienced a massive hit due to the disruption caused by the coronavirus. For instance, PSA, Renault, and Fiat Chrysler closed their production at their manufacturing plants. Renault halted manufacturing through 12 production sites affecting about 18,000 workers in France. Similarly, the construction industry was destructively impacted by the pandemic. However, high government spending on infrastructure and affordable housing for residents is expected to stabilize the hot melt adhesives market growth in the near future.

Key Development:

August 2019: Henkel AG & Co. KGaA introduced WB and Mineral Oil-free Hot-melt PSAs at Labelexpo 2019. Henkel will provide a water-based pressure-sensitive adhesive solution with excellent wash-off characteristics through its new Aquence PS 3682.

The Report Lists the Key Players in the Global Market:

Exxon Mobil Corporation (Texas, U.S.)
Dow Inc. (Michigan, U.S.)
3M (Minnesota, U.S.)
Henkel AG & Co. KGaA (Düsseldorf, Germany)
MELER (Orkoien, Navarra)
Sanyhot Adhesivos, S.A. (Tarragona, Spain)
TEX YEAR INDUSTRIES INC. (New Taipei City, Taiwan)
B. Fuller Company (Minnesota, U.S.)
Arkema Group (Pennsylvania, U.S.)
Sika AG (Baar, Switzerland)
Bostik (Wisconsin, U.S.)
Jowat SE (North Carolina, U.S.)
AVERY DENNISON CORPORATION (California, U.S.)
LyondellBasell Industries Holdings B.V. (Rotterdam, Netherlands)
Embagrap SA (Barcelona, Spain)
Other Key Players

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https://www.fortunebusinessinsights.com/industry-reports/hot-melt-adhesives-market-101724