Posted 3/13/2024, 12:30:00 AM
U.S. Leads $4.1B Reactive Hot Melt Adhesives Market Growth Fueled by Sustainable Innovations and E-Commerce Demands
- United States leads global reactive hot melt adhesive market with 8.5% CAGR forecast till 2034, valued at US$ 4.1 billion by 2034
- Innovations in materials and manufacturing processes driving demand by enabling high-performance, customizable adhesives
- Shift towards sustainability prompting adoption of low VOC, eco-friendly reactive hot melt adhesives
- Ecommerce boom and just-in-time manufacturing necessitating fast-curing adhesives with superior bond strength
- Key players reshaping industry through R&D investments and strategic partnerships to enhance efficiency, durability and meet complex bonding needs