Hot Melt Equipment Market Expected to Reach $ 2.8 Billion |  End User (Electronics Food and Beverage Medical Automotive)

Hot Melt Equipment Market Expected to Reach $ 2.8 Billion | End User (Electronics Food and Beverage Medical Automotive)

According to a new report released by Allied Market Research, titled, “Hot Melt Equipment Market by Product Type, Glue Material and End User: Global Opportunity Analysis and Industry Forecasts, 2021-2030“, The size of the global hot melt equipment market was valued at $ 1.5 billion in 2020 and is projected to reach $ 2.8 billion by 2030, with a CAGR of 6.4% from 2021 to 2030. In the 2020, Asia-Pacific dominated the global market, in terms of revenues, accounting for approximately 41.20% share of the global market.

The global hot melt equipment market has seen significant growth over the past decade, due to the increase in e-commerce business. The rise of e-commerce activity has led to an increase in packaging requirements and its wide use in the assembly of electronic products. Asia-Pacific holds the largest share of the market due to large-scale production of industrial equipment such as hot melt equipment in China, as well as high electronics manufacturing. Furthermore, LAMEA is the fastest growing region as there is an increase in industrialization and urbanization in developing countries such as Brazil, South Africa and other nations of the region.

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The global hot melt equipment market is segmented by product type, glue material, end user and region. Based on the glue material, the market is divided into polyurethane, polypropylene, ethylene-vinyl acetate and others. According to the end user, the market is divided into electronics, food and beverage, medical, automotive and others.

Analysis of the Covid-19 scenario

The Covid-19 epidemic has had an absurd impact on people’s lives. Most of the business verticals around the world have been heavily affected. The Hot Melt Equipment market report offers a compact overview of the impact of Covid-19 on the industry. In addition, it includes a micro and macroeconomic impact assessment. The report also cites size and market share as one of the main impacts of the pandemic. At the same time, it offers a detailed overview of the influence of COVID-19 on the supply chain of the Hot Melt Equipment market.

Last but not least; the market report focuses on the key approaches embodied by the industry players during the global health crisis. Simply put, the Hot Melt Equipment Market Report offers an overview of the pre- and post-Covid-19 impact exploration.

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Main findings of the study

  • The report provides an in-depth analysis of the current and emerging global Hot Melt Equipment market trends and dynamics.
  • Depending on the type of product, the over-the-counter segment was the largest revenue generator in 2020.
  • By adhesive material, the polyurethane segment generated the highest revenues in 2020.
  • According to the end user, the food & beverage segment dominated the market in 2020.
  • As for the region, Asia Pacific is expected to dominate the market throughout the study period.
  • The report provides an in-depth analysis of the global hot melt equipment industry and emerging market opportunities.

The following are the main questions answered in the report:

  • Who are the leaders in the global Hot Melt Equipment market?
  • What is the dominant market scenario?
  • What are the existing drifts and inclinations that could drive the global Hot Melt Equipment market study over the next few years?
  • What are the drivers, limitations and opportunities of the sector?
  • What are the likely predictions for the future that would help elaborate further strategic steps to stimulate market growth?

Full report with TOC: https://www.alliedmarketresearch.com/hot-melt-equipment-market-A12942

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