Hot Melt Adhesives Market

SKU: DMCH411 | Last Updated On: Oct 20 2022 | Available Formats

> Global Hot Melt Adhesives Market Expected to reach at a high CAGR 5.0% by 2029: DataM Intelligence

Global Hot Melt Adhesives Market is segmented By Product Type (Glue guns, Sprayable adhesives, Others), By Material Type (Ethylene-vinyl acetate, Thermoplastic rubber, Polyolefin, Polyamide, Others), By Application Type (Furniture, Packaging, Textile, Automotive), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029

 

Market Overview

[150 Pages Report] Global hot melt adhesive market size was worth US$ YY billion in 2021 and is estimated to reach US$ YY billion by 2029, growing at a CAGR of 5.0% during the forecast period.

hot melt adhesive market - Strategic Insights

Metrics

Details

Market CAGR

5.0%

Segments Covered

By Product Type, By Material Type, By Application Type, and By Region

Report Insights Covered

Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other vital insights.

Fastest Growing Region

Asia Pacific

Largest Market Share 

North America

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Hot melt adhesive (HMA) is a thermoplastic that is typically used as a glue gun and applied in a molten state. As it cools, it solidifies and forms a bond between the objects. Moreover, HMA's are used to bond paper, cards in packaging, bookbinding, wooden furniture, and fabrics.

Adhesives have a huge scope in the disposable sector. In addition, disposables application will cross an income of USD YY million by 2029 because of environmental awareness, which moves the world toward cleanliness and is expected to have a linear increase in the growth of hot melt adhesive in terms of child diapers and other clinical disposables items.

Market Dynamic

The hot melt adhesive market size is attributable to the blossoming interest across car creation, gadgets bundling, footwear, and other applications. Moreover, in the world, the bundling business has developed quickly is and inferable from the higher utilization of customer hardware and way-of-life items.

Moreover, the hot melt adhesive market in the footwear industry picks up high centrality by its wide usage in-game shoes with the two essential HMAs (polyesters and polyamides) applied for shoe sewing, and parts preparation(heels) as they give phenomenal holding particularity. In addition, the hot melt adhesive market from footwear applications is projected to record a consistent development bend in the years ahead at a CAGR of YY% more than 2022-2029.

Additionally, specialists at the Technion Israel Institute of Technology and Boston Children's Hospital have built up a heated glue firearm to follow torn human tissues together. Most genuine wounds are at present treated with staples and join that have numerous downsides. They are agonizing, leave scars, require high ability from the specialist, and in some cases must be eliminated after the tissues recuperate.

However, it includes thermal warmth of the substrate, restricting use to substrates not delicate to higher temperatures, and loss of security strength at higher temperatures, up to the finish melting of the adhesive. This can be decreased by utilizing a responsive adhesive that, in the wake of setting, goes through additional restoring, by dampness (e.g., receptive urethanes and silicones), or is relieved by bright radiation. Some HMAs may not resist chemical attacks and weather. HMAs don't lose thickness during hardening; dissolvable-based adhesive may lose up to 50–70% of layer thickness during drying.

Segmentation Analysis

By Type, hot melt adhesive is segmented into polyethylene (limited adhesion and temperature resistance), ethylene-vinyl acetate (versatile adhesion and a broad range of temperature resistance), metallocene (offers wider temperature range than traditional packaging adhesives), pressure-sensitive (film remains tacky after cooling), rubber (adhesion and temperature resistance), polyamide (features excellent heat resistance, high strength, flexibility and resistance to grease, oil, plasticizers, and solvents. Poor heat stability), polyurethane hot melt (cools and forms a bond like a conventional hot melt). Among all, Polyurethane hot melt will grow at a faster rate as compared to other types of hot melt adhesive during the forecast period. In addition, by increasing the growth of polyurethane, the market of seal fuel tanks will have great growth market.  

By application, hot melt adhesive is segmented into packaging and consumer goods, craftsmen, construction and professional, electronics and industrials, and automotive and metals. Among all, packaging and consumer goods & automotive, and metal hold a majority of share in 2018 owing to increased consumption in the adhesive industry. Moreover, it is preferred in the adhesive industry due to its properties such as fast processing, environmentally friendly, bond impervious surfaces, and gap-filling safe.

Geographical Analysis

The hot melt adhesive market in APAC is projected at a yearly pace of 5% over 2020-2027 in the automobile sector due to the fixing of tail lights, vehicle seats, and dashboards with a variety of HMA applications in this area.

In addition, the hot melt adhesive industry worldwide is essentially determined by three geologies Europe, the U.S., and China. Among the four, Europe will show the most elevated development rate with an expected CAGR of over 4.5% more than 2018-2027. Climate preferring activities by administrative bodies like REACH and EPA is relied upon to animate the market interest. Germany is set to address the provincial part conspicuously.

Moreover, the U.S. polyester hot melt adhesive market will enlist a yearly development pace of practically 5% over the coming period. Solid, uplifting standpoint toward the material industry and keen open to dressing alongside buyers developing a case for lightweight vehicles will drive the regional market. Brazil is additionally expected to contribute impressively toward the worldwide HMA industry income.

Competitive Landscape

The hot melt adhesive market is a moderated fragmented with the presence of global and regional players. The competitive edge lies in the increase in the regional company and growing investment in upstream applications. Henkel, 3M Company, Bostik, Dow Chemical, and Jowat, Sika, AG. Arkema Group, Z.B. Fuller Company, Sika AG, and Avery Dennison Corporation are the major player in hot melt adhesive. Among all, Henkel, 3M Company, Bostik, Dow Chemical, and Jowat hold most of the shares in the market and improve their product portfolio by bringing a greater number of bio-based products.

Moreover, the sales of Henkel in 2019 hold more than 40% of the total, with revenue of 9461 million euros, and has become a leading company that can be found in many products which we use in our daily lives like cars, books and magazines, computers, aircraft, refrigerators, cell phones, furniture, textiles, packaging, and many more.

FAQ

What is the hot melt adhesive market growth?

The market is growing at a CAGR of 5.0%.

What is the hot melt adhesive market size in 2021?

The Market size was valued at USD YY million in 2021.

Who are the key players in the hot melt adhesive market?

Henkel, 3M Company, Bostik, Dow Chemical, and Jowat, Sika, AG. Arkema Group, Z.B. Fuller Company, Sika AG, Avery Dennison

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