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Wednesday, 18 September 2019
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Markets & companies, Raw materials market

Global hot melt adhesives market to grow

Friday, 8 January 2010

The global market for hot melt adhesives is projected to be USD 3414.76 million in 2010, and to reach USD 4304.01 million in 2015.

Rising focus on eco-friendly products in China is expected to work in favor of hot melt adhesives. Source: Gerd-Altmann/pixelio

Rising focus on eco-friendly products in China is expected to work in favor of hot melt adhesives. Source: Gerd-Altmann/pixelio

Hot melt adhesives are amongst the premier adhesives in the industry. The global market for hot melt adhesives is estimated at USD 3304.33 million in 2009, and is projected to be USD 3414.76 million in 2010. The market is further projected to reach USD 4304.01 million in 2015, reflecting a CAGR of 4.1 % during 2007-2015. These and other trends are presented in "Hot Melt Adhesives - A Global Market Report", a new study from BizAcumen, Inc. The potential for growth remains lucrative, as businesses already using hold melt adhesives plan to expand their usage, while businesses not utilizing this formulation today are likely to use it in upcoming years. Adhesives industry in China has witnessed rapid growth over the recent years. Rising focus on eco-friendly products in China is expected to work in favor of hot melt adhesives due to its negligible impact on environment.

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