PUBLISHER: Grand View Research | PRODUCT CODE: 1512016
PUBLISHER: Grand View Research | PRODUCT CODE: 1512016
The India hot melt adhesives market size is anticipated to reach USD 457.3 million by 2030 and is anticipated to grow at a CAGR of 10.0% from 2024 to 2030, according to a new report by Grand View Research, Inc. Advancements in hot melt adhesives (HMA) technology have rendered it a significant component across a broad spectrum of industries, including construction, where these adhesives play a pivotal role in assembly and structural integrity maintenance. Hot melt adhesives are utilized in various capacities within the construction industry. One notable application lies in the optimization of the production process. For instance, in the construction of precast concrete components, such as recesses for sockets, HMA facilitates swift and effortless fixation onto pallets, allowing for easy removal upon completion of the concrete wall assembly.
Furthermore, amid increasing emphasis on climate protection, the importance of insulation materials in both new construction and renovation projects is increasing. Thermally insulated buildings not only offer economic benefits but also enhance living comfort. Manufacturing HMAs in India involves several high-tech production techniques aimed at ensuring product quality, consistency, and efficiency. The cost incurred in setting up an HMA manufacturing facility in India can vary significantly depending on factors, such as the scale of production, technology used, labor costs, and infrastructure requirements.