The global hot melt adhesives market size is expected to reach USD 9,702.2million by 2027, exhibiting a CAGR of 5.3%during the forecast period. The growing need for advanced products coupled with favorable government policies are factors expected to aid expansion of the global market, states Fortune Business Insights, in a report, titled “Hot Melt Adhesives Market Size, Share COVID-19 Impact Analysis, By Raw Material (Ethylene Vinyl Acetate (EVA), Polyolefin, Styrenic Block Copolymers (SBC), Polyurethane (PU), Polyester, and Others), By Application (Packaging, Assembly, Woodworking, Transportation, Building Construction, Footwear Leather, Nonwovens, Bookbinding, and Others), and Regional Forecast, 2020-2027.” The market size stood at USD 6,745.2 million in 2019.
Covid 19 Impact
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The report on the hot melt adhesives market contains:
- An all-inclusive study of the market
- Vital market trends and drivers
- Emerging industry developments
- Comprehensive data about eminent players
- Competitive landscape
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