Asia-Pacific is the largest geographical region for hot-melt adhesives, was estimated to be worth $2.9 billion in 2015.
Changing consumer trends taking hold at different rates globally will make hot-melt adhesives a dynamic market expected to grow to more than $7.5 billion by 2021, according to a recent report from Smithers Apex. The report estimates the global market for hot-melt adhesives to be worth $5.45 billion as of 2015; it is expected to reach $7.57 billion by 2021 at an overall compound annual growth rate (CAGR) of 5.6%.
Hot-melt adhesives’ fast setting time makes them suitable for a number of consumer goods, produced or assembled on high-speed production lines. These end-use segments include packaging, personal hygiene products, construction, bookbinding, labelling, tapes and automotive.