Why Demand For Hot Melt Adhesives Is Growing In The Global Market - 2022
The global hot-melt adhesives market was valued at $6,621.8 million in 2015, and it is expected to grow at a CAGR of 7.9% during 2016 - 2022. The factors driving the growth of the global market include growth in end-use industries, rapid industrialization rate and expansion of packaging industry, and demand of environmental friendly adhesives and regulations for recycling. The growth of hot melt adhesives market is largely driven by growth in the end use industries including packaging, automotive, transportation, textiles and footwear. Access Report Summary with Detailed TOC at : https://www.psmarketresearch.com/market-analysis/hot-melt-adhesives-market The rapid development in emerging economies and increasing demand for light weight and fuel efficient automobile has increased the market share of hot-melt adhesives. HMA offers multipurpose solutions in automobile in...