Hot Melt Adhesives Market is Expected to reach US$ 8642.2 Mn by 2026
In terms of revenue, the global hot melt adhesives market is projected to expand at a CAGR of 8.7% from 2018 to 2026, according to a new research report titled ‘Hot Melt Adhesives Market – Global Industry Analysis, Value, Share, Growth, Trends, and Forecast, 2018–2026’ published by Transparency Market Research (TMR) In terms of value, the global hot melt adhesives market is expected to reach US$ 8642.2 Mn by 2026. The market is driven by the rise in demand for hot melt adhesives in packaging and non-woven/ hygiene products. The hot melt adhesives market in Asia Pacific is estimated to expand at a CAGR of 9.2% during the forecast period, owing to the rapid increase in demand for packaging in food and e-commerce sectors in the region. Based on product, the ethylene vinyl acetate segment held major share of the global hot melt adhesives market in 2017. However, the polyurethanes segment is expected to expand significantly from 2018 to 2026. Rise in Demand for Ethylene Vinyl...