PSA Hot Melt Adhesive Market: Growth Driven by Industrial and Consumer Application https://dataintelo.com/report/global-psa-hot-melt-adhesive-market The PSA Hot Melt Adhesive Market has witnessed significant growth due to its increasing demand across various industries, such as packaging, automotive, and consumer goods. The global market was valued at USD 7.4 billion in 2023 and is projected to grow at a 5.8% CAGR from 2024 to 2032, reaching an estimated USD 12.8 billion by the end of the forecast period. Pressure-sensitive adhesives (PSA) have long been essential in bonding applications where no heat or solvents are required. PSA Hot Melt Adhesives, a type of PSA that is activated by heat, are used extensively in the manufacturing of tapes, labels, packaging materials, and more. The shift towards sustainable and cost-effective materials, combined with the increasing demand for high-performance bonding solutions, is expected to drive the market's expansion.