Henkel AG & CO. KGaA announced the opening of new state-of-the-art facility for hot melt adhesives in Mexico. The plant is of around 30,000 square meters primarily focusing on the pressure-sensitive and non-pressure sensitive hot melt adhesives.
Meridian AdhesivesGroup announces the acquisition of Prime Blend, LLC, the key manufacturer of hot melt adhesives and coatings.
Author Credits: Smruti Ranjan, Rajrani Baghel
Report ID: 4998
Published Date: Jun 02, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
Increasing demand for food packaging, rising constructional activities, and rising demand for bio-based adhesives are the major factors driving the market growth.
: The market size of hot melt adhesives is anticipated to attain a CAGR of ~7.8% over the forecast period, i.e., 2023 â€“ 2035.
The major players in the market are Henkel AG & Co. KGaA, H.B. Fuller Company, The Dow Chemical Company, Sika AG, Jowat SE, Arkema Group, 3M, Avery Dennison Corporation, Beardow Adams Group, Meridian Adhesives Group
The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by type, product, application, and by region.
The ethylene-vinyl acetate segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
Lack of thermal stability and options of using other adhesives are estimated to be the growth hindering factors for the market expansion.
The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.