Market Size of Asia-Pacific Hot-melt Adhesives Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 6.50 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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APAC Hot Melt Adhesives Market Analysis
The Asia-Pacific hot-melt adhesives market is estimated to witness a significant growth, at an estimated CAGR of over 6.5%, over the forecast period. Increasing demand from the packaging industry in the region and rising environmental concerns regarding solvent-borne adhesives are expected to drive the market during the forecast period.
- Volatility in the availability and price of raw material forcing internal substitution is likely to hinder the market's growth.
- Adoption of bio-based hot-melt adhesives are projected to create opportunities to the market growth in the coming years.
- China is expected to dominate the market and is also expected to witness the fastest CAGR during the forecast period.
