The Europe hot-melt adhesives market is expected to register a CAGR of 5.52%, by revenue, during the forecast period (2019-2024). Major factors driving the market studied are the increasing demand from the automotive industry and the packaging sector. The financial crisis in countries, such as Russia and France, is expected to hinder the growth of the market studied. Rising Demand from Paper, Board & Packaging An extremely high proportion of all industrial products are sold in packaging, either due to stability requirements for storage and transport or for aesthetic reasons. Applications of hot-melt adhesives range from corrugated box construction and lamination of printed sheets, to packaging materials used for all types of consumer products and the production of large industrial tubes and cores. Although normal envelopes and paper bags consist of just a single layer of material, most packaging materials used nowadays are of different materials that are laminated together. The improvement in living standards and higher incomes, especially in developing countries, have increased the demand for a broad range of products, all of which require packaging. Therefore, the demand for packaging has fueled the demand for hot-melt adhesives. The demand for books and related materials is expected to increase with the increasing population and literacy rate around the world. This is expected to boost the demand for hot-melt adhesives in Europe. Source:https://www.mordorintelligence.com/industry-reports/europe-hot-melt-adhesives-market