According to a report from Research Nester, the global hot-melt adhesives market is predicted to grow at a CAGR of over 7.8% from 2023 to 2035. The market is projected to garner revenue of $24.68 billion by the end of 2035, up from $10.02 billion in 2022.
Traditional hot-melt adhesive formulations include components derived from fossil fuels. Approximately 33 billion tons of CO2 are emitted globally each year due to the burning of fossil fuels. The need to adopt a sustainable approach is growing, which means the manufacturing of bio-based hot-melt adhesives is rising. Read
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