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| Market size in 2024 | US$ 2.23 billion |
Forecast Market size by | US$ N/A |
|---|
The global SBC-based Hot Melt Adhesives market size was valued at US$ 2.23 billion in 2024 and is projected to reach US$ 3.12 billion by 2030, at a CAGR of 5.8% during the forecast period 2024-2030.
The United States SBC-based Hot Melt Adhesives market size was valued at US$ 589.4 million in 2024 and is projected to reach US$ 798.6 million by 2030, at a CAGR of 5.2% during the forecast period 2024-2030.
SBC-based Hot Melt Adhesives are thermoplastic adhesives based on styrenic block copolymers, offering excellent adhesion, flexibility, and processing characteristics for various packaging and assembly applications.
The global SBC-based Hot Melt Adhesives market is growing steadily, driven by demand in packaging and nonwoven applications. In 2023, total consumption reached 780,000 metric tons, with packaging applications accounting for 45% of demand. The hygiene products segment is growing at 6.5% annually. The market saw a 18% increase in demand for recyclable formulations in 2023. Standard grade dominates with a 70% market share, while specialty grades are growing at 7% annually. Asia Pacific leads with a 40% market share, while North America is the fastest-growing region at 6.2% CAGR. The industry is focusing on developing improved heat resistance formulations, with a 22% growth in R&D investments.
Report Overview
SBC-based Hot Melt Adhesives refer to hot melt adhesives based on styrenic block copolymers, used in various bonding applications.
SBC-based Hot Melt Adhesives Market provides a deep insight into the global SBC-based Hot Melt Adhesives market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global SBC-based Hot Melt Adhesives Market, SBC-based Hot Melt Adhesives Market introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
In a word, SBC-based Hot Melt Adhesives Market is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the SBC-based Hot Melt Adhesives market in any manner.
Global SBC-based Hot Melt Adhesives Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
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| Report Attributes | Report Details |
|---|---|
| Report Title | SBC-based Hot Melt Adhesives Market, Global Outlook and Forecast 2024-2030 |
| Market size in 2024 | US$ 2.23 billion |
| Forecast Market size by | US$ N/A |
| Historical Year | 2018 to 2022 (Data from 2010 can be provided as per availability) |
| Base Year | 2023 |
| Forecast Year | 2031 |
| Number of Pages | 137 Pages |
| Customization Available | Yes, the report can be customized as per your need. |
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