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 $13.2 billion by 2030 from $9.7 billion in 2023 at a CAGR of 4.5% from 2024 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.
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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.
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1 972.636.5056
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