Global Hot Melt Adhesives Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
Hot Melt Adhesives Market Overview
“The global Hot Melt Adhesives Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
The report offers in-depth insights, revenue details, and other vital information regarding the global hot melt adhesives market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027.
The report offers insightful and detailed information regarding the various key players operating in the global hot melt adhesives market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint.
The global hot melt adhesives market report has been segmented on the basis of type, end-user, and region. Hot melt adhesive (HMA), also known as hot glue, is a form of thermoplastic adhesive that is commonly sold as solid cylindrical sticks of various diameters designed to be applied using a hot glue gun.
Hot melt adhesives contain no solvents and no water. Hot melt adhesives can also be applied by dipping or spraying. Holt melt adhesives maintain their thickness during solidifying but solvent-based adhesives may lose up to 50-70% of thickness during drying.
Strong demand for hot melt adhesives in construction and packaging industry is major factor driving growth of the global hot melt adhesives market.
In addition, the use of hot melt adhesives in the automotive industry for endpoint fixing, and increasing demand for hot melt adhesives in pressure-sensitive industries are other factors expected to fuel the growth of the global hot melt adhesives market over the forecast period.
Also, hot melt adhesives can bond with non-porous materials such as glass, metal, and plastics which has increased their demand in the market and increased the adoption of hot melt adhesives in end-use applications such as leather, labeling bottle, and woodworking, which is another factor expected to drive the growth of the global hot melt adhesives market over the forecast period.
However, hot melt adhesives are sensitive to higher temperatures, and loss of bond strength at higher temperatures is a key factor restraining the growth of the global hot melt adhesives market. Furthermore, compliance with strict regulations in developed countries is expected to hamper the growth of the global hot melt adhesives market over the forecast period.
North America is expected to account for highest market share in terms of revenue as compared to other regions. This can be attributed to the increasing demand for packaging and disposable hygiene products and the presence of several market players in the region.
Europe accounts for the second-highest revenue share contribution in the global hot melt adhesives market owing to the increasing adoption of hot melt adhesives in automotive, defense, and other industrial sectors followed by markets in the Asia Pacific, Latin America, and the Middle East & Africa respectively.
In addition, the market in Asia Pacific is projected to witness the fastest growth in terms of revenue, owing to the factors such as rising demand from end-use industries for hot melt adhesives in emerging economies such as China, and India.
Global Hot Melt Adhesives Market Segmentation:
Global hot melt adhesives market segmentation by type:
- Ethylene-vinyl acetate (EVA)
Global hot melt adhesives market segmentation by end-user:
- Packaging Solutions
- Furniture & Woodwork
Global hot melt adhesives market segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Toyobo Co., Ltd.
- Sika AG
- Henkel AG & Company
- The 3M Company
- American Chemicals Inc.
- Worthen Industries Inc.
- Ashland Inc.
- DOW Corning Corporation
- Evans Adhesives Corporation Limited
- B. Fuller Company
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