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The global hot-melt-based adhesives market is experiencing a significant upswing, poised to grow from $15.65 billion in 2022 to $17.04 billion in 2023, with a compelling compound annual growth rate (CAGR) of 8.9%. This surge is indicative of a broader trend – the increasing focus on eco-friendly solutions. Hot-melt adhesives, with their environmental advantages and diverse applications, are emerging as key players in the adhesive market.

Eco-Friendly Hot-Melt Adhesives: A Shift Towards Sustainability:

• Growing environmental awareness is driving a demand for eco-friendly products.
• Hot-melt adhesives gain prominence due to features like affordability, absence of VOC release, longer shelf life, reusability without degradation, and fast-drying ability.
• Companies like Bostik are leading the way with solventless technology, reducing the use of hazardous solvents in products such as hot-melt polyurethane adhesive for the textile industry.

Application Success: Hot-Melt Polyurethane Adhesives in Textile Industry:

• Hot-melt polyurethane adhesive finds success in Asian underwear, sportswear, and medical garment manufacturing.
• Companies leveraging this adhesive demonstrate a commitment to both efficiency and eco-friendliness.

IoT Integration: Enhancing Efficiency and Quality:

• Major players in the hot-melt-based adhesives market, including Jowat Se, Sika AG, and DowDuPont, are adopting IoT technologies.
• IoT connects equipment and smart devices to provide real-time insights, allowing for improvements in quality and optimal production levels.
• Smart systems monitor the working condition and performance of chemical reactors, enabling proactive maintenance and reducing machine breakdowns.

Global Market Segmentation: Tailoring Solutions for Diverse Needs:

1. Type Diversity:
   • Thermoplastic Polyurethane
   • Ethylene Vinyl Acetate
   • Styrenic-butadiene Copolymers
   • Polyolefins
   • Polyamide
   • Other Resin Types
2. Application Spectrum:
   • Packaging Solutions
   • Nonwoven Hygiene Products
   • Furniture & Woodwork
   • Bookbinding
   • Other Applications
3. End-User Versatility:
   • Building and Construction
   • Packaging
   • Transportation
   • Electrical and Electronic Appliances
   • Healthcare
   • Other End Users

Major Players Paving the Way:

• Leading companies in the hot-melt-based adhesives market, such as Bostik Inc., Huntsman Corp., and Hexcel Corporation, are instrumental in shaping the industry’s trajectory.
• The adoption of IoT technologies by major players showcases a commitment to innovation and efficiency in adhesive manufacturing.

Future Growth Projections: A $23.54 Billion Market by 2027:

• The hot-melt-based adhesives market is poised to continue its upward trajectory, with projections reaching $23.54 billion in 2027.
• The market’s growth is underlined by a commitment to sustainability, technological integration, and the versatility of hot-melt adhesives across industries.

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The Hot-Melt-Based Adhesives Global Market Report 2023  provides an overview of the hot-melt-Based adhesives market 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 and their market positions.

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