The Hot Melt Adhesive (HMA) market will surpass US$ in sales

The Hot Melt Adhesive (HMA) market will surpass US$ in sales

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The Hot Melt Adhesives (HMA) market is projected to reach $11.4 billion by 2027, reveals MarketsandMarkets™

“Search 217 Market Data Tables and 44 Figures spread over 213 Pages plus a detailed TOC on the “Hot Melt Adhesives (HMA) Market””

Hot Melt Adhesives (HMA) Market by Type (EVA, SBC, MPO, APAO, PA, PO, PU), Application (Packaging Solutions, Nonwoven Hygiene Products, Furniture & Woodwork, Bookbinding), and Region (APAC, Europe, North America, Die Line)

According to a research report Hot Melt Adhesives (HMA) Market. By Type (EVA, SBC, MPO, APAO, PA, PO, PU), Application (Packaging Solutions, Nonwoven Hygiene Products, Furniture & Woodwork, Bookbinding) and Region (APAC, Europe, North America, RoW) – Global Forecast to 2027? released by MarketsandMarkets, the HMA market is expected to grow from $9.1 billion in 2022 to $11.4 billion in 2027 at a CAGR of 4.8% between 2022 and 2027. Growing demand for HMA by Packaging and nonwoven hygiene products in Asia Pacific and South America offer opportunities to expand the market.

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Metallocene PO (mPO) is the fastest growing segment of the overall HMA market.

Metallocene is a compound typically composed of two cyclopentadienyl anions. mPO-based HMA is clear, odorless, and has high thermal stability. mPO-based HMA is a fast setting adhesive and is suitable for colorless applications. It can be used to produce high quality laminates using direct contact or spray application processes. mPO is used for sealing crates and cartons, food and beverage packaging, nonwoven hygiene products, woodworking, foil lamination, graphics and bottle labeling. mPO-based HMA has lower production costs compared to EVA.

China is the largest HMA market in Asia-Pacific during the forecast period.

China’s living standards and purchasing power are rising rapidly, making the home appliance industry strong. This promotes the development of strong foreign and Chinese brands. Corresponding…

source_link https://www.digitaljournal.com/pr/hot-melt-adhesives-hma-market-to-surpass-revenues-worth-us-11-4-billion-by-2027-reveals-marketsandmarkets

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