Regional Analysis
Global Hot Melt Adhesives Market Regional Insights:
- Asia Pacific is expected to be the largest market for hot melt adhesives during the forecast period, accounting for over 48% of the market share in 2023. The significant growth of e-commerce services in the region, along with swiftly rising demand for nonwoven products, is the key factor boosting market growth in the region.
- North America accounted for over 21% of the market share in 2023. The packaging sector in the region is anticipated to be the key factor for the market growth owing to the presence of some of the largest packaging manufacturers, including International Paper, Ball Corporation, and Owens-Illinois.
- Europe accounted for over 20% of the market share in 2023. Increasing construction activities, a growing automotive sector, and increased online product delivery services across developed countries in Western Europe, including Italy, the U.K., Germany, France, and Spain, will positively influence the market growth in the region.
| Geographies covered: |
- North America: U.S. and Canada
- Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
- Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
- Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
- Middle East: GCC Countries, Israel, and Rest of Middle East
- Africa: South Africa, North Africa, and Central Africa
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