Hot Melt Adhesives Market Forecast (2023-2030), Size, Share

Hot Melt Adhesives Market Size and Forecast (2020–2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Product Type (Glue Sticks, Glue Slugs, and Others), Type (Ethylene Vinyl Acetate, Polyolefins, Polyamides, Polyurethanes, Styrene Block Copolymers, and Others), Application (Packaging, Construction, Automotive, Furniture, Footwear, Electronics, and Others), and Geography

Publication Month : Jan 2024

  • Report Code : TIPRE00015496
  • Category : Chemicals and Materials
  • Status : Published
  • No. of Pages : 171
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The hot melt adhesives market size is expected to grow from US$ 8.10 billion in 2022 to US$ 12.47 billion by 2030; it is estimated to register a CAGR of 5.5% from 2022 to 2030. The growing demand from the packaging industry is likely to remain a key trend in the hot melt adhesives market.

Hot Melt Adhesives Market Analysis

Automotive manufacturers are demanding innovative, high-quality materials to produce automotive components. Hot melt adhesives are considered one of the most suitable materials for lightweight automobile parts. Carbon fiber-reinforced composites are used as vital materials to substitute the body and other parts in automobiles. In the automobile industry, the use of hot melt adhesives has improved brake, steering, durability, and fuel efficiency, which leads to energy conservation and reduces carbon dioxide emissions. Leading automotive manufacturers are using hot melt adhesives for manufacturing components. For instance, the Airbus A350 is 52% hot melt adhesives-reinforced polymer (CFRP) and the BMW i3 has mostly CFRP chassis. Hot melt adhesives are also used in high-end bike frames, tennis rackets, and surfboards. As hot melt adhesives offer high modulus and specific strength, fatigue strength, stiffness, and pressure-withstanding capacity, as well as lower thermal expansion coefficient, corrosion resistance, and other beneficial properties, these are being widely used in automotive and other industrial applications.

Hot Melt Adhesives Market Overview

Hot melt adhesives or hot glue are formulations of thermoplastic adhesives. Hot glue sticks are available with various diameters and designs. The sticks are fitted into the glue gun and heated up to the desired temperature till the glue stick starts melting. The glue pushes out through the heated nozzle on the surface of the application when the user pushes through the gun with the mechanical trigger. Some hot melt stick adhesives have been designed with a longer open time so that they can be sprayed on wider regions for bonding.

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Hot Melt Adhesives Market: Strategic Insights

hot-melt-adhesives-hma-market
Market Size Value inUS$ 8.10 billion in 2022
Market Size Value byUS$ 12.47 billion by 2030
Growth rateCAGR of 5.5% from 2022 to 2030
Forecast Period2022-2030
Base Year2022
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Hot Melt Adhesives Market Drivers and Opportunities

Rising Adoption from Wind Energy Sector Bolsters Hot Melt Adhesives Market Growth

Growing demand to utilize renewable resources has led to a surge in the installation and demand for wind farms, with large tracts of land and coastal areas devoted to the operation of wind turbines. The wind turbine manufacturers strive to produce more efficient and longer blades. Advanced composite materials such as hot melt adhesives are a growing part of the construction of wind turbines, specifically the blades. The companies operating in the market have discovered that the longer the blades are on a turbine, the more energy can be generated. The hot melt adhesives play a very important role in the wind energy industry. Large blades are typically designed by stiffness and deflection rather than taking into consideration the material strength. The high stiffness characteristic of hot melt adhesives reduces blade deflection, allowing a larger tower diameter for a given blade-to-tower clearance. Hot melt adhesives are added to the spar cap, which is the backbone of the blade.

Increasing Usage of Hot Melt Adhesives in the Sporting Goods Industry

The high-strength, modulus, and lightweight characteristics of hot melt adhesives have led to rising demand from the sporting goods manufacturing industry. Sporting goods such as golf shafts, racquets, skis, snowboards, hockey sticks, fishing rods, bats, and bicycles are manufactured using hot melt adhesives. Hot melt adhesives provide design flexibility when designing highly specific applications. The precise shape of equipment, which is critical to its performance, is easily achieved with the use of hot melt adhesive materials. Hot melt adhesives help enhance the performance of bikers and golfers. The most specific use of hot melt adhesives in sporting equipment is seen in the tennis racket. Players can hit faster balls with the lighter racket and control the ball better with a larger area of the racket. These factors are driving the demand for hot melt adhesives in various sporting equipment. The increasing demand for hot melt adhesive-based sporting equipment provides a lucrative market opportunity for key and new market players.

Hot Melt Adhesives Market Report Segmentation Analysis

Key segments that contributed to the derivation of the hot melt adhesives market analysis are product type, type,  and application.

  • Based on product type, the hot melt adhesives market is segmented into glue sticks, glue slugs, and others. The glue sticks segment held the largest market share in 2022.
  • By type, the hot melt adhesives market is categorized into ethylene vinyl acetate, polyolefins, polyamides, polyurethanes, styrene block copolymers, and others. The ethylene vinyl acetate segment held the largest market share in 2022.
  • By application, the market is divided into packaging, construction, automotive, furniture, footwear, electronics, and others. The packaging segment held the largest share of the market in 2022.

Hot Melt Adhesives Market Share Analysis by Geography

The geographic scope of the hot melt adhesives market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.

Asia Pacific has dominated the market. Emerging countries are witnessing an upsurge in industrialization, mainly in the manufacturing, automotive, packaging, and construction sectors, which further offer ample opportunities for the key market players in the hot melt adhesive market. Countries such as Australia, Japan, India, China, South Korea, Singapore, Taiwan, and Indonesia have large manufacturing industries in diverse sectors, including chemicals, textiles, pulp & paper, and electronics. The manufacturing sectors in these countries experienced a huge shift over the years. The Asia Pacific manufacturing sector is highly adopting innovation accelerators that include advanced technologies and processes. Over the past decades, manufacturing companies spending in the region has grown significantly and is further anticipated to grow at the highest estimated growth rate.

Hot Melt Adhesives Market Report Scope

Hot Melt Adhesives Market News and Recent Developments

The hot melt adhesives market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market:

  • LINTEC announced that it has developed a permanent general-purpose hot-melt adhesive and is now using it in a new label stock series named HVT. On February 1, the company will release three new products using this new adhesive: two synthetic paper-based and one water-resistant paper-based livestock product. They are intended to be useful across a wide range of applications, including various kinds of display labels. (Source: LINTEC Corporation, Company Website, 2023)

Hot Melt Adhesives Market Report Coverage and Deliverables

The "Hot Melt Adhesives Market Size and Forecast (2020–2030)" report provides a detailed analysis of the market covering below areas:

  • Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
  • Market dynamics such as drivers, restraints, and key opportunities
  • Key future trends
  • Detailed Porter's Five Forces and SWOT analysis
  • Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
  • Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
  • Detailed company profiles
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Product Type, Type, and Application

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

1. Introduction

1.1 The Insight Partners Research Report Guidance

1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights

2.2 Market Attractiveness

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. Global Hot Melt Adhesives Market Landscape

4.1 Overview

4.2 Porter's Five Forces Analysis

4.2.1 Bargaining Power of Suppliers

4.2.2 Bargaining Power of Buyers

4.2.3 Threat of New Entrants

4.2.4 Intensity of Competitive Rivalry

4.2.5 Threat of Substitutes

4.3 Ecosystem Analysis

4.3.1 Raw Material Suppliers

4.3.2 Manufacturers

4.3.3 Distributors/Suppliers

4.3.4 End Use

4.4 List of Vendors in the Value Chain:

5. Global Hot Melt Adhesives Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Growing Applications in Several End-Use Industries

5.1.2 Changing Trend from Solvent Adhesive to Hot Melt Adhesive

5.2 Market Restraints

5.2.1 Low Thermal Resistance

5.3 Market Opportunities

5.3.1 Rising Utilization of Hot Melt Adhesives in Road Marking

5.4 Future Trends

5.4.1 Adoption of Bio-Based Hot-Melt Adhesives

5.5 Impact Analysis

6. Hot Melt Adhesives Market - Global Market Analysis

6.1 Global Hot Melt Adhesives Market Revenue (US$ Million)

6.2 Global Hot Melt Adhesives Market Forecast and Analysis

7. Global Hot Melt Adhesives Market Analysis – By Product Type

7.1 Glue Sticks

7.1.1 Overview

7.1.2 Glue Sticks Market Revenue and Forecast to 2030 (US$ Million)

7.2 Glue Slugs

7.2.1 Overview

7.2.2 Glue Slugs Market Revenue and Forecast to 2030 (US$ Million)

7.3 Others

7.3.1 Overview

7.3.2 Others Market Revenue and Forecast to 2030 (US$ Million)

8. Global Hot Melt Adhesives Market Analysis – By Type

8.1 Ethylene Vinyl Acetate

8.1.1 Overview

8.1.2 Ethylene Vinyl Acetate Market Revenue and Forecast to 2030 (US$ Million)

8.2 Polyolefins

8.2.1 Overview

8.2.2 Polyolefins Market Revenue and Forecast to 2030 (US$ Million)

8.3 Polyamides

8.3.1 Overview

8.3.2 Polyamides Market Revenue and Forecast to 2030 (US$ Million)

8.4 Polyurethanes

8.4.1 Overview

8.4.2 Polyurethanes Market Revenue and Forecast to 2030 (US$ Million)

8.5 Styrene Block Copolymers

8.5.1 Overview

8.5.2 Styrene Block Copolymers Market Revenue and Forecast to 2030 (US$ Million)

8.6 Others

8.6.1 Overview

8.6.2 Others Market Revenue and Forecast to 2030 (US$ Million)

9. Global Hot Melt Adhesives Market Analysis – By Application

9.1 Packaging

9.1.1 Overview

9.1.2 Packaging Market Revenue and Forecast to 2030 (US$ Million)

9.2 Construction

9.2.1 Overview

9.2.2 Construction Market Revenue and Forecast to 2030 (US$ Million)

9.3 Automotive

9.3.1 Overview

9.3.2 Automotive Market Revenue and Forecast to 2030 (US$ Million)

9.4 Furniture

9.4.1 Overview

9.4.2 Furniture Market Revenue and Forecast to 2030 (US$ Million)

9.5 Footwear

9.5.1 Overview

9.5.2 Footwear Market Revenue and Forecast to 2030 (US$ Million)

9.6 Electronics

9.6.1 Overview

9.6.2 Electronics Market Revenue and Forecast to 2030 (US$ Million)

9.7 Others

9.7.1 Overview

9.7.2 Others Market Revenue and Forecast to 2030 (US$ Million)

10. Global Hot Melt Adhesives Market - Geographical Analysis

10.1 North America

10.1.1 North America Hot Melt Adhesives Market Overview

10.1.2 North America Hot Melt Adhesives Market Revenue and Forecasts to 2030 (US$ Million)

10.1.3 North America Hot Melt Adhesives Market Breakdown by Product Type

10.1.3.1 North America Hot Melt Adhesives Market Revenue and Forecasts and Analysis - By Product Type

10.1.4 North America Hot Melt Adhesives Market Breakdown by Type

10.1.4.1 North America Hot Melt Adhesives Market Revenue and Forecasts and Analysis - By Type

10.1.5 North America Hot Melt Adhesives Market Breakdown by Application

10.1.5.1 North America Hot Melt Adhesives Market Revenue and Forecasts and Analysis - By Application

10.1.6 North America Hot Melt Adhesives Market Revenue and Forecasts and Analysis - By Countries

10.1.6.1 North America Hot Melt Adhesives Market Breakdown by Country

10.1.6.2 US Hot Melt Adhesives Market Revenue and Forecasts to 2030 (US$ Million)

10.1.6.2.1 US Hot Melt Adhesives Market Breakdown by Product Type

10.1.6.2.2 US Hot Melt Adhesives Market Breakdown by Type

10.1.6.2.3 US Hot Melt Adhesives Market Breakdown by Application

10.1.6.3 Canada Hot Melt Adhesives Market Revenue and Forecasts to 2030 (US$ Million)

10.1.6.3.1 Canada Hot Melt Adhesives Market Breakdown by Product Type

10.1.6.3.2 Canada Hot Melt Adhesives Market Breakdown by Type

10.1.6.3.3 Canada Hot Melt Adhesives Market Breakdown by Application

10.1.6.4 Mexico Hot Melt Adhesives Market Revenue and Forecasts to 2030 (US$ Million)

10.1.6.4.1 Mexico Hot Melt Adhesives Market Breakdown by Product Type

10.1.6.4.2 Mexico Hot Melt Adhesives Market Breakdown by Type

10.1.6.4.3 Mexico Hot Melt Adhesives Market Breakdown by Application

10.2 Europe

10.2.1 Europe Hot Melt Adhesives Market Overview

10.2.2 Europe Hot Melt Adhesives Market Revenue and Forecasts to 2030 (US$ Million)

10.2.3 Europe Hot Melt Adhesives Market Breakdown by Product Type

10.2.3.1 Europe Hot Melt Adhesives Market Revenue and Forecasts and Analysis - By Product Type

10.2.4 Europe Hot Melt Adhesives Market Breakdown by Type

10.2.4.1 Europe Hot Melt Adhesives Market Revenue and Forecasts and Analysis - By Type

10.2.5 Europe Hot Melt Adhesives Market Breakdown by Application

10.2.5.1 Europe Hot Melt Adhesives Market Revenue and Forecasts and Analysis – By Application

10.2.6 Europe Hot Melt Adhesives Market Revenue and Forecasts and Analysis - By Countries

10.2.6.1 Europe Hot Melt Adhesives Market Breakdown by Country

10.2.6.2 Germany Hot Melt Adhesives Market Revenue and Forecasts to 2030 (US$ Million)

10.2.6.2.1 Germany Hot Melt Adhesives Market Breakdown by Product Type

10.2.6.2.2 Germany Hot Melt Adhesives Market Breakdown by Type

10.2.6.2.3 Germany Hot Melt Adhesives Market Breakdown by Application

10.2.6.3 France Hot Melt Adhesives Market Revenue and Forecasts to 2030 (US$ Million)

10.2.6.3.1 France Hot Melt Adhesives Market Breakdown by Product Type

10.2.6.3.2 France Hot Melt Adhesives Market Breakdown by Type

10.2.6.3.3 France Hot Melt Adhesives Market Breakdown by Application

10.2.6.4 Italy Hot Melt Adhesives Market Revenue and Forecasts to 2030 (US$ Million)

10.2.6.4.1 Italy Hot Melt Adhesives Market Breakdown by Product Type

10.2.6.4.2 Italy Hot Melt Adhesives Market Breakdown by Type

10.2.6.4.3 Italy Hot Melt Adhesives Market Breakdown by Application

10.2.6.5 UK Hot Melt Adhesives Market Revenue and Forecasts to 2030 (US$ Million)

10.2.6.5.1 UK Hot Melt Adhesives Market Breakdown by Product Type

10.2.6.5.2 UK Hot Melt Adhesives Market Breakdown by Type

10.2.6.5.3 UK Hot Melt Adhesives Market Breakdown by Application

10.2.6.6 Russia Hot Melt Adhesives Market Revenue and Forecasts to 2030 (US$ Million)

10.2.6.6.1 Russia Hot Melt Adhesives Market Breakdown by Product Type

10.2.6.6.2 Russia Hot Melt Adhesives Market Breakdown by Type

10.2.6.6.3 Russia Hot Melt Adhesives Market Breakdown by Application

10.2.6.7 Rest of Europe Hot Melt Adhesives Market Revenue and Forecasts to 2030 (US$ Million)

10.2.6.7.1 Rest of Europe Hot Melt Adhesives Market Breakdown by Product Type

10.2.6.7.2 Rest of Europe Hot Melt Adhesives Market Breakdown by Type

10.2.6.7.3 Rest of Europe Hot Melt Adhesives Market Breakdown by Application

10.3 Asia Pacific Hot Melt Adhesives Market

10.3.1 Overview

10.3.2 Asia Pacific Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million)

10.3.3 Asia Pacific Hot Melt Adhesives Market Breakdown by Product Type

10.3.3.1 Asia Pacific Hot Melt Adhesives Market Revenue and Forecasts and Analysis - By Product Type

10.3.4 Asia Pacific Hot Melt Adhesives Market Breakdown by Type

10.3.4.1 Asia Pacific Hot Melt Adhesives Market Revenue and Forecasts and Analysis - By Type

10.3.5 Asia Pacific Hot Melt Adhesives Market Breakdown by Application

10.3.5.1 Asia Pacific Hot Melt Adhesives Market Revenue and Forecasts and Analysis - By Application

10.3.6 Asia Pacific Hot Melt Adhesives Market Breakdown by Country

10.3.6.1 Asia Pacific Hot Melt Adhesives Market Breakdown by Country

10.3.6.2 Australia Hot Melt Adhesives Market Revenue and Forecasts to 2030 (US$ Million)

10.3.6.2.1 Australia Hot Melt Adhesives Market Breakdown by Product Type

10.3.6.2.2 Australia Hot Melt Adhesives Market Breakdown by Type

10.3.6.2.3 Australia Hot Melt Adhesives Market Breakdown by Application

10.3.6.3 China Hot Melt Adhesives Market Revenue and Forecasts to 2030 (US$ Million)

10.3.6.3.1 China Hot Melt Adhesives Market Breakdown by Product Type

10.3.6.3.2 China Hot Melt Adhesives Market Breakdown by Type

10.3.6.3.3 China Hot Melt Adhesives Market Breakdown by Application

10.3.6.4 India Hot Melt Adhesives Market Revenue and Forecasts to 2030 (US$ Million)

10.3.6.4.1 India Hot Melt Adhesives Market Breakdown by Product Type

10.3.6.4.2 India Hot Melt Adhesives Market Breakdown by Type

10.3.6.4.3 India Hot Melt Adhesives Market Breakdown by Application

10.3.6.5 Japan Hot Melt Adhesives Market Revenue and Forecasts to 2030 (US$ Million)

10.3.6.5.1 Japan Hot Melt Adhesives Market Breakdown by Product Type

10.3.6.5.2 Japan Hot Melt Adhesives Market Breakdown by Type

10.3.6.5.3 Japan Hot Melt Adhesives Market Breakdown by Application

10.3.6.6 South Korea Hot Melt Adhesives Market Revenue and Forecasts to 2030 (US$ Million)

10.3.6.6.1 South Korea Hot Melt Adhesives Market Breakdown by Product Type

10.3.6.6.2 South Korea Hot Melt Adhesives Market Breakdown by Type

10.3.6.6.3 South Korea Hot Melt Adhesives Market Breakdown by Application

10.3.6.7 Rest of Asia Pacific Hot Melt Adhesives Market Revenue and Forecasts to 2030 (US$ Million)

10.3.6.7.1 Rest of Asia Pacific Hot Melt Adhesives Market Breakdown by Product Type

10.3.6.7.2 Rest of Asia Pacific Hot Melt Adhesives Market Breakdown by Type

10.3.6.7.3 Rest of Asia Pacific Hot Melt Adhesives Market Breakdown by Application

10.4 Middle East and Africa

10.4.1 Middle East and Africa Hot Melt Adhesives Market Overview

10.4.2 Middle East and Africa Hot Melt Adhesives Market Revenue and Forecasts to 2030 (US$ Million)

10.4.3 Middle East and Africa Hot Melt Adhesives Market Breakdown by Product Type

10.4.3.1 Middle East and Africa Hot Melt Adhesives Market Revenue and Forecasts and Analysis - By Product Type

10.4.4 Middle East and Africa Hot Melt Adhesives Market Breakdown by Type

10.4.4.1 Middle East and Africa Hot Melt Adhesives Market Revenue and Forecasts and Analysis - By Type

10.4.5 Middle East and Africa Hot Melt Adhesives Market Breakdown by Application

10.4.5.1 Middle East and Africa Hot Melt Adhesives Market Revenue and Forecasts and Analysis – By Application

10.4.6 Middle East and Africa Hot Melt Adhesives Market Revenue and Forecasts and Analysis - By Countries

10.4.6.1 Middle East and Africa Hot Melt Adhesives Market Breakdown by Country

10.4.6.2 South Africa Hot Melt Adhesives Market Revenue and Forecasts to 2030 (US$ Million)

10.4.6.2.1 South Africa Hot Melt Adhesives Market Breakdown by Product Type

10.4.6.2.2 South Africa Hot Melt Adhesives Market Breakdown by Type

10.4.6.2.3 South Africa Hot Melt Adhesives Market Breakdown by Application

10.4.6.3 Saudi Arabia Hot Melt Adhesives Market Revenue and Forecasts to 2030 (US$ Million)

10.4.6.3.1 Saudi Arabia Hot Melt Adhesives Market Breakdown by Product Type

10.4.6.3.2 Saudi Arabia Hot Melt Adhesives Market Breakdown by Type

10.4.6.3.3 Saudi Arabia Hot Melt Adhesives Market Breakdown by Application

10.4.6.4 UAE Hot Melt Adhesives Market Revenue and Forecasts to 2030 (US$ Million)

10.4.6.4.1 UAE Hot Melt Adhesives Market Breakdown by Product Type

10.4.6.4.2 UAE Hot Melt Adhesives Market Breakdown by Type

10.4.6.4.3 UAE Hot Melt Adhesives Market Breakdown by Application

10.4.6.5 Rest of Middle East and Africa Hot Melt Adhesives Market Revenue and Forecasts to 2030 (US$ Million)

10.4.6.5.1 Rest of Middle East and Africa Hot Melt Adhesives Market Breakdown by Product Type

10.4.6.5.2 Rest of Middle East and Africa Hot Melt Adhesives Market Breakdown by Type

10.4.6.5.3 Rest of Middle East and Africa Hot Melt Adhesives Market Breakdown by Application

10.5 South and Central America

10.5.1 South and Central America Hot Melt Adhesives Market Overview

10.5.2 South and Central America Hot Melt Adhesives Market Revenue and Forecasts to 2030 (US$ Million)

10.5.3 South and Central America Hot Melt Adhesives Market Breakdown by Product Type

10.5.3.1 South and Central America Hot Melt Adhesives Market Revenue and Forecasts and Analysis – By Product Type

10.5.4 South and Central America Hot Melt Adhesives Market Breakdown by Type

10.5.4.1 South and Central America Hot Melt Adhesives Market Revenue and Forecasts and Analysis - By Type

10.5.5 South and Central America Hot Melt Adhesives Market Breakdown by Application

10.5.5.1 South and Central America Hot Melt Adhesives Market Revenue and Forecasts and Analysis - By Application

10.5.6 South and Central America Hot Melt Adhesives Market Revenue and Forecasts and Analysis - By Countries

10.5.6.1 South and Central America Hot Melt Adhesives Market Breakdown by Country

10.5.6.2 Brazil Hot Melt Adhesives Market Revenue and Forecasts to 2030 (US$ Million)

10.5.6.2.1 Brazil Hot Melt Adhesives Market Breakdown by Product Type

10.5.6.2.2 Brazil Hot Melt Adhesives Market Breakdown by Type

10.5.6.2.3 Brazil Hot Melt Adhesives Market Breakdown by Application

10.5.6.3 Argentina Hot Melt Adhesives Market Revenue and Forecasts to 2030 (US$ Million)

10.5.6.3.1 Argentina Hot Melt Adhesives Market Breakdown by Product Type

10.5.6.3.2 Argentina Hot Melt Adhesives Market Breakdown by Type

10.5.6.3.3 Argentina Hot Melt Adhesives Market Breakdown by Application

10.5.6.4 Rest of South and Central America Hot Melt Adhesives Market Revenue and Forecasts to 2030 (US$ Million)

10.5.6.4.1 Rest of South and Central America Hot Melt Adhesives Market Breakdown by Product Type

10.5.6.4.2 Rest of South and Central America Hot Melt Adhesives Market Breakdown by Type

10.5.6.4.3 Rest of South and Central America Hot Melt Adhesives Market Breakdown by Application

11. Impact of COVID-19 Pandemic on Global Hot Melt Adhesives Market

11.1 Pre & Post Covid-19 Impact

12. Competitive Landscape

12.1 Heat Map Analysis By Key Players

12.2 Company Positioning & Concentration

13. Industry Landscape

13.1 Overview

13.2 Mergers & acquisition

13.3 Product Launch

13.4 Collaboration

14. Company Profiles

14.1 H.B. Fuller Company

14.1.1 Key Facts

14.1.2 Business Description

14.1.3 Products and Services

14.1.4 Financial Overview

14.1.5 SWOT Analysis

14.1.6 Key Developments

14.2 Henkel AG & COMPANY, KGAA

14.2.1 Key Facts

14.2.2 Business Description

14.2.3 Products and Services

14.2.4 Financial Overview

14.2.5 SWOT Analysis

14.2.6 Key Developments

14.3 Arkema

14.3.1 Key Facts

14.3.2 Business Description

14.3.3 Products and Services

14.3.4 Financial Overview

14.3.5 SWOT Analysis

14.3.6 Key Developments

14.4 3M

14.4.1 Key Facts

14.4.2 Business Description

14.4.3 Products and Services

14.4.4 Financial Overview

14.4.5 SWOT Analysis

14.4.6 Key Developments

14.5 Sika AG

14.5.1 Key Facts

14.5.2 Business Description

14.5.3 Products and Services

14.5.4 Financial Overview

14.5.5 SWOT Analysis

14.5.6 Key Developments

14.6 Jowat SE

14.6.1 Key Facts

14.6.2 Business Description

14.6.3 Products and Services

14.6.4 Financial Overview

14.6.5 SWOT Analysis

14.6.6 Key Developments

14.7 Hexcel Corporation

14.7.1 Key Facts

14.7.2 Business Description

14.7.3 Products and Services

14.7.4 Financial Overview

14.7.5 SWOT Analysis

14.7.6 Key Developments

14.8 The Dow Chemical Company

14.8.1 Key Facts

14.8.2 Business Description

14.8.3 Products and Services

14.8.4 Financial Overview

14.8.5 SWOT Analysis

14.8.6 Key Developments

14.9 Beardow Adams

14.9.1 Key Facts

14.9.2 Business Description

14.9.3 Products and Services

14.9.4 Financial Overview

14.9.5 SWOT Analysis

14.9.6 Key Developments

14.10 Gorilla Glue Company

14.10.1 Key Facts

14.10.2 Business Description

14.10.3 Products and Services

14.10.4 Financial Overview

14.10.5 SWOT Analysis

14.10.6 Key Developments

15. Appendix

List of Tables

Table 1. Global Hot Melt Adhesives Market Segmentation

Table 2. Global Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million)

Table 3. Global Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million) – Product Type

Table 4. Global Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million) – Type

Table 5. Global Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million) – Application

Table 6. North America Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million) – By Product Type

Table 7. North America Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million) – By Type

Table 8. North America Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million) – By Application

Table 9. US Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million) – By Product Type

Table 10. US Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million) – By Type

Table 11. US Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million) – By Application

Table 12. Canada Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million) – By Product Type

Table 13. Canada Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million) – By Type

Table 14. Canada Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million) – By Application

Table 15. Mexico Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million) – By Product Type

Table 16. Mexico Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million) – By Type

Table 17. Mexico Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million) – By Application

Table 18. Europe Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million) – By Product Type

Table 19. Europe Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million) – By Type

Table 20. Europe Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million) – By Application

Table 21. Germany Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million) – By Product Type

Table 22. Germany Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million) – By Type

Table 23. Germany Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million) – By Application

Table 24. France Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million) – By Product Type

Table 25. France Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million) – By Type

Table 26. France Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million) – By Application

Table 27. Italy Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million) – By Product Type

Table 28. Italy Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million) – By Type

Table 29. Italy Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million) – By Application

Table 30. UK Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million) – By Product Type

Table 31. UK Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million) – By Type

Table 32. UK Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million) – By Application

Table 33. Russia Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million) – By Product Type

Table 34. Russia Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million) – By Type

Table 35. Russia Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million) – By Application

Table 36. Rest of Europe Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million) – By Product Type

Table 37. Rest of Europe Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million) – By Type

Table 38. Rest of Europe Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million) – By Application

Table 39. Asia Pacific Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million) – Product Type

Table 40. Asia Pacific Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million) – Type

Table 41. Asia Pacific Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million) – By Application

Table 42. Australia Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million) – By Product Type

Table 43. Australia Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million) – By Type

Table 44. Australia Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million) – By Application

Table 45. China Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million) – By Product Type

Table 46. China Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million) – By Type

Table 47. China Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million) – By Application

Table 48. India Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million) – By Product Type

Table 49. India Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million) – By Type

Table 50. India Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million) – By Application

Table 51. Japan Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million) – By Product Type

Table 52. Japan Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million) – By Type

Table 53. Japan Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million) – By Application

Table 54. South Korea Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million) – By Product Type

Table 55. South Korea Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million) – By Type

Table 56. South Korea Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million) – By Application

Table 57. Rest of Asia Pacific Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million) – By Product Type

Table 58. Rest of Asia Pacific Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million) – By Type

Table 59. Rest of Asia Pacific Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million) – By Application

Table 60. Middle East and Africa Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million) – By Product Type

Table 61. Middle East and Africa Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million) – By Type

Table 62. Middle East and Africa Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million) – By Application

Table 63. South Africa Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million) – By Product Type

Table 64. South Africa Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million) – By Type

Table 65. South Africa Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million) – By Application

Table 66. Saudi Arabia Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million) – By Product Type

Table 67. Saudi Arabia Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million) – By Type

Table 68. Saudi Arabia Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million) – By Application

Table 69. UAE Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million) – By Product Type

Table 70. UAE Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million) – By Type

Table 71. UAE Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million) – By Application

Table 72. Rest of Middle East and Africa Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million) – By Product Type

Table 73. Rest of Middle East and Africa Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million) – By Type

Table 74. Rest of Middle East and Africa Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million) – By Application

Table 75. South and Central America Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million) – By Product Type

Table 76. South and Central America Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million) – By Type

Table 77. South and Central America Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million) – By Application

Table 78. Brazil Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million) – By Product Type

Table 79. Brazil Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million) – By Type

Table 80. Brazil Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million) – By Application

Table 81. Argentina Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million) – By Product Type

Table 82. Argentina Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million) – By Type

Table 83. Argentina Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million) – By Application

Table 84. Rest of South and Central America Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million) – By Product Type

Table 85. Rest of South and Central America Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million) – By Type

Table 86. Rest of South and Central America Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million) – By Application

List of Figures

Figure 1. Global Hot Melt Adhesives Market Segmentation, By Country

Figure 2. Global Hot Melt Adhesives Market – Porter’s Analysis

Figure 3. Ecosystem: Global Hot Melt Adhesives Market

Figure 4. Market Dynamics: Global Hot Melt Adhesives Market

Figure 5. Global Hot Melt Adhesives Market Impact Analysis of Drivers and Restraints

Figure 6. Global Hot Melt Adhesives Market Revenue (US$ Million), 2020 – 2030

Figure 7. Global Hot Melt Adhesives Market Share (%) – Product Type, 2022 and 2030

Figure 8. Glue Sticks Market Revenue and Forecasts To 2030 (US$ Million)

Figure 9. Glue Slugs Market Revenue and Forecasts To 2030 (US$ Million)

Figure 10. Others Market Revenue and Forecasts To 2030 (US$ Million)

Figure 11. Global Hot Melt Adhesives Market Share (%) –Type, 2022 and 2030

Figure 12. Ethylene Vinyl Acetate Market Revenue and Forecasts To 2030 (US$ Million)

Figure 13. Polyolefins Market Revenue and Forecasts To 2030 (US$ Million)

Figure 14. Polyamides Market Revenue and Forecasts To 2030 (US$ Million)

Figure 15. Polyurethanes Market Revenue and Forecasts To 2030 (US$ Million)

Figure 16. Styrene Block Copolymers Market Revenue and Forecasts To 2030 (US$ Million)

Figure 17. Others Market Revenue and Forecasts To 2030 (US$ Million)

Figure 18. Global Hot Melt Adhesives Market Share (%) –Application, 2022 and 2030

Figure 19. Packaging Market Revenue and Forecasts To 2030 (US$ Million)

Figure 20. Construction Market Revenue and Forecasts To 2030 (US$ Million)

Figure 21. Automotive Market Revenue and Forecasts To 2030 (US$ Million)

Figure 22. Furniture Market Revenue and Forecasts To 2030 (US$ Million)

Figure 23. Footwear Market Revenue and Forecasts To 2030 (US$ Million)

Figure 24. Electronics Market Revenue and Forecasts To 2030 (US$ Million)

Figure 25. Others Market Revenue and Forecasts To 2030 (US$ Million)

Figure 26. Global Hot Melt Adhesives Market Breakdown by Geography, 2022 and 2030

Figure 27. North America Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million)

Figure 28. North America Hot Melt Adhesives Market Breakdown by Product Type (2022 and 2030)

Figure 29. North America Hot Melt Adhesives Market Breakdown by Type (2022 and 2030)

Figure 30. North America Hot Melt Adhesives Market Breakdown by Application (2022 and 2030)

Figure 31. North America Hot Melt Adhesives Market Breakdown by Key Countries, 2022 and 2030 (%)

Figure 32. US Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million)

Figure 33. Canada Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million)

Figure 34. Mexico Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million)

Figure 35. Europe Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million)

Figure 36. Europe Hot Melt Adhesives Market Breakdown by Product Type (2022 and 2030)

Figure 37. Europe Hot Melt Adhesives Market Breakdown by Type (2022 and 2030)

Figure 38. Europe Hot Melt Adhesives Market Breakdown by Application (2022 and 2030)

Figure 39. Europe Hot Melt Adhesives market Breakdown by Key Countries, 2022 and 2030 (%)

Figure 40. Germany Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million)

Figure 41. France Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million)

Figure 42. Italy Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million)

Figure 43. UK Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million)

Figure 44. Russia Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million)

Figure 45. Rest of Europe Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million)

Figure 46. Asia Pacific Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million)

Figure 47. Asia Pacific Hot Melt Adhesives Market Breakdown by Product Type (2022 and 2030)

Figure 48. Asia Pacific Hot Melt Adhesives Market Breakdown by Type (2022 and 2030)

Figure 49. Asia Pacific Hot Melt Adhesives Market Breakdown by Application (2022 and 2030)

Figure 50. Asia Pacific Hot Melt Adhesives Market Breakdown By Key Countries, 2022 And 2030 (%)

Figure 51. Australia Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million)

Figure 52. China Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million)

Figure 53. India Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million)

Figure 54. Japan Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million)

Figure 55. South Korea Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million)

Figure 56. Rest of Asia Pacific Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million)

Figure 57. Middle East and Africa Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million)

Figure 58. Middle East and Africa Hot Melt Adhesives Market Breakdown by Product Type (2022 and 2030)

Figure 59. Middle East and Africa Hot Melt Adhesives Market Breakdown by Type (2022 and 2030)

Figure 60. Middle East and Africa Hot Melt Adhesives Market Breakdown by Application (2022 and 2030)

Figure 61. Middle East and Africa Hot Melt Adhesives Market Breakdown by Key Countries, 2022 and 2030 (%)

Figure 62. South Africa Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million)

Figure 63. Saudi Arabia Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million)

Figure 64. UAE Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million)

Figure 65. Rest of Middle East and Africa Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million)

Figure 66. South and Central America Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million)

Figure 67. South and Central America Hot Melt Adhesives Market Breakdown by Product Type (2022 and 2030)

Figure 68. South and Central America Hot Melt Adhesives Market Breakdown by Type (2022 and 2030)

Figure 69. South and Central America Hot Melt Adhesives Market Breakdown by Application (2022 and 2030)

Figure 70. South and Central America Hot Melt Adhesives Market Breakdown by Key Countries, 2022 and 2030 (%)

Figure 71. Brazil Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million)

Figure 72. Argentina Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million)

Figure 73. Rest of South and Central America Hot Melt Adhesives Market Revenue and Forecasts To 2030 (US$ Million)

Figure 74. Heat Map Analysis By Key Players

Figure 75. Company Positioning & Concentration

  • H.B. Fuller Company
  • Henkel AG & COMPANY, KGAA
  • Arkema
  • 3M
  • Sika AG
  • Jowat SE
  • Hexcel Corporation
  • The Dow Chemical Company
  • Beardow Adams
  • Gorilla Glue Company

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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