Economic Growth and Consumer Trends Key to Hot Melt Adhesives Market Growth
LEATHERHEAD, UK – Changing consumer trends taking hold at different rates globally will make hot melt adhesives a dynamic market that will grow to more than $7.5 billion by 2021, according to a new report from Smithers Apex.
Smithers Apex’s analysis of the key drivers shaping this segment, The Future of Hot-Melt Adhesives to 2021, shows the global market for hot melt adhesives is estimated to be worth $5.45 billion as of 2015 and is expected to reach $7.57 billion by 2021 at an overall CAGR of 5.6 percent.