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Selbyville, Delaware, Nov. 09, 2022 (GLOBE NEWSWIRE) – According to a new research report by Global Market Insights Inc., the global market for hot melt adhesives is estimated to exceed $26.5 billion by 2032.
Efforts to reduce carbon footprint and a shift towards sustainable packaging solutions will encourage the use of low VOC (volatile organic compounds) hot melt adhesives. Companies are switching to these adhesives because they have lower VOCs, are easy to apply, and have a longer shelf life. Advances in the industrial sector such as the introduction of high-speed manufacturing and automation will support demand for these adhesives.
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Growing research and development (R&D) activities will help improve product quality and application in various fields such as furniture, packaging, medical, electronics and automotive. New R&D initiatives to produce eco-friendly…
Read on GNW: Hot melt adhesives market projected to exceed $26.5 billion by 2032, says
