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Rapid advances in technology are expected to drive innovation in hot-melt-based adhesives manufacturing, thus driving the market during the forecast period.

The global hot-melt-based adhesives market is expected to grow from $15.65 billion in 2022 to $17.04 billion in 2023 at a compound annual growth rate (CAGR) of 8.9%. The global hot-melt-based adhesives market size is expected to grow from $23.54 billion in 2027 at CAGR of 8.4%.

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Global Hot-Melt-Based Adhesives Market Segments Include:

• By Type: Thermoplastic Polyurethane, Ethylene Vinyl Acetate, Styrenic-butadiene Copolymers, Polyolefins, Polyamide, Other Resin Types
• By Application: Packaging Solutions, Nonwoven Hygiene Products, Furniture & Woodwork, Bookbinding, Other Applications
• By End User: Building and Construction, Packaging, Transportation, Electrical and Electronic Appliances, Healthcare, Other End Users
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global hot-melt-based adhesives market in 2021.

Major Market Players in the hot-melt-based adhesives market include Jowat Se, Sika AG, Tex Year Industries Inc., DowDuPont, Costchem SRL, American Chemical Inc., Bostik Inc., Huntsman Corp.

Many products produced by adhesives companies are potentially hazardous during the manufacturing stages. This is mainly because the manufacturing processes involve high temperatures and high-pressure reactions, which can be dangerous unless controlled carefully. In addition, some of these manufactured dyes harm both living organisms and the environment. Due to this, regulations in the adhesives industry—in assessing and managing the risks involved in the manufacturing, transporting, and disposing of chemicals—increased in the historical period. Adhesives have to be compliant with complex regulations that govern the labeling, handling, manufacturing, shipping, and storage of the product. Additional compliance costs for these changing regulations, as different countries and geographies have different regulations, were a major restraint for hot melt-based adhesives companies.

The Hot-Melt-Based Adhesives Global Market Report 2023  provides a hot-melt-based adhesives market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The hot-melt-based adhesives market forecast analyzes hot-melt-based adhesives market size, hot-melt-based adhesives market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The hot-melt-based adhesives are thermoplastic adhesives that are heated to create a melt before applying to the surface and are designed to be melted in an electric hot glue gun. The hot-melt-based adhesives are marketed in a solid state at room temperature, and these are activated through heating beyond their softening point between 50 and 160 degrees.

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