TMR_Research_Reports_2017 Hot Melt Adhesives Market - US$ 9.44 Bn by 2024 | Page 3

Hot Melt Adhesives Market
with a demand share of 31%. Analysts expect the scenario to remain so over the forthcoming years,
thanks to the significant growth of the packaging industry, worldwide.
Regionally, the research study has classified the worldwide market for hot melt adhesives into Latin
America, the Middle East and Africa, North America, Europe, and Asia Pacific. Europe dominated the
global market in 2015 with a share of more than 33%. The region is anticipated to maintain its
dominance on this market over the forecast period. However, Asia Pacific will surface as the most
promising regional market for hot melt adhesives in the years to come.
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The rise in construction activities and the increasing demand for high-quality packaging of food and
beverages, consumer goods, and various other products are projected to propel the Asia Pacific
market for hot melt adhesives in the near future, reports the study.
Expansion in Construction and Packaging Sectors to Boost Market’s Growth
“The substantial rise in the construction and the packaging industries has a major influence on the
global market for hot melt adhesives,” states the author of this report. These adhesives have found a
widespread usage in converters and packaging applications, which is reflecting greatly on their sales.
Apart from this, the increasing number of new construction projects is also having a positive impact
on the demand for these adhesives across the world. These factors are expected to continue
boosting this market substantially over the forecast period.
On the flip side, the volatile scenario of crude oil prices and easy availability of alternatives in the
global market may restrict this market from growing smoothly over the next few years, states the
research study.
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adhesives-market.htm