Lucintel Forecasts the Global Reactive Hot Melt Adhesive Market to Reach $2.5 billion by 2030
Lucintel Forecasts the Global Reactive Hot Melt Adhesive Market to Reach $2.5 billion by 2030
Blog Article
According to a market report by Lucintel, the future of the global reactive hot melt adhesive market looks promising with opportunities in the automotive & transportation, doors & windows, furniture & upholstery, lamination, textile, and assembly markets. The global reactive hot melt adhesive market is expected to reach an estimated $2.5 billion by 2030 with a CAGR of 7.2% from 2024 to 2030. The major drivers for this market are rising interest in vehicles that are both lightweight and have low carbon emissions and growing number of construction projects.
A more than 150 – page report is developed to understand Trends, opportunity and forecast in reactive hot melt adhesive market to 2030 by resin type (polyurethane, polyolefin, and others), type (high temperature and low temperature), substrate (plastic, wood, and others), application (automotive & transportation, doors & windows, furniture & upholstery, lamination, textile, assembly, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that polyurethane is expected to witness the higher growth over the forecast period as it provides a stronger bond than a traditional hot melt.
Within this market, automotive & transportation will remain the largest segment.
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APAC will remain the largest region over the forecast period due to rapid industrialization and growing demand of environmentally friendly adhesives in the region.
Henkel, The Dow Chemical Company, H.B. Fuller Company, Jowat, and 3M are the major suppliers in the reactive hot melt adhesive market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.comTo get access of more than 1000 reports at fraction of cast visit Lucintel’sAnalytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market &unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972.636.5056
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