The Reactive Hot Melt Adhesives Global Market Report 2023, provides comprehensive information on the reactive hot melt adhesives market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Reactive Hot Melt Adhesives Global Market Report 2023, the market is expected to grow from $1.16 billion in 2022 to $1.27 billion in 2023 at a compound annual growth rate (CAGR) of 9.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global reactive hot melt adhesives market is expected to grow to $1.75 billion in 2027 at a CAGR of 8.4%.
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Technological advancements have emerged as a key trend gaining popularity in the reactive hot melt adhesives market. Major companies operating in the reactive hot melt adhesives market are focused on innovating new technologies to sustain their position in the market. For instance, in February 2021, Henkel AG & Co., a Germany-based company that is into chemical and consumer goods industries launched Technomelt Supra ECO. This technology involved in this new hot melt adhesive range provides higher sustainability and fewer CO2 emissions while maintaining the Supra range’s performance. As a result, the new ECO materials provide the same adhesion, set and open time, and heat resistance capabilities as the previous Technomelt Supra range while also providing a sustainable and low-carbon option for consumer goods and packaging.
The reactive hot melt adhesives market is segmented:
1) By Type: High Temperature, Low Temperature
2) By Substrate: Plastic, Wood, Other Substrates
3) By Resin Type: Polyurethane, Polyolefin
4) By Application: Automotive and Transportation, Doors and Windows, Upholstery, Lamination, Textile, Assembly
Asia-Pacific was the largest region in the reactive hot melt adhesives market in 2022.
The table of contents in TBRC’s reactive hot melt adhesives market report includes:
- Executive Summary
- Reactive Hot Melt Adhesives Market Characteristics
- Reactive Hot Melt Adhesives Market Trends And Strategies
- Reactive Hot Melt Adhesives Market – Macro Economic Scenario
- Reactive Hot Melt Adhesives Market Size And Growth
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- Africa Reactive Hot Melt Adhesives Market
- Reactive Hot Melt Adhesives Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Reactive Hot Melt Adhesives Market
- Reactive Hot Melt Adhesives Market Future Outlook and Potential Analysis
- Appendix
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