Market Size of Hot-melt Adhesives Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 16.89 Billion |
| Market Size (2029) | USD 23.66 Billion |
| CAGR (2024 - 2029) | 6.98 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Hot Melt Adhesives Market Analysis
The Hot-melt Adhesives Market size is estimated at USD 16.89 billion in 2024, and is expected to reach USD 23.66 billion by 2029, growing at a CAGR of 6.98% during the forecast period (2024-2029).
In 2020, the COVID-19 outbreak caused bad conditions that made it hard for the market to grow, but it has since recovered and is still growing.
- The main things that are driving the market that was studied are the growing demand from different end-use industries, the switch from solvent-borne adhesives to hot-melt adhesives, and the growing demand for non-woven products.
- Some things that could slow down the market are problems with properties and rules that need to be followed.
- Biodegradable hot-melt adhesives for sustainable packaging are likely to present an opportunity in the future.
- The Asia-Pacific region is expected to dominate the market in the forecast period because of vastly growing economies such as India and China.
