Market Snapshot

The worldwide hot melt adhesives market size was USD 8,891.40 Million in 2021 and is assessed to arrive at USD 15,202.00 Million by 2030, developing at a CAGR of 6.04% from 2022 to 2030. Hot melt adhesives or hot paste is regularly a type of thermoplastic cement which are economically accessible as tube-shaped sticks of the distinctive scope of widths fitting hot glue firearm.

In the modern area hot melt adhesives are comprehensively used to kill unstable natural mixtures and that’s only the tip of the iceberg. Hot melt addend-use finds various applications across end-use markets including bundling, auto, development, medical services, and more worldwide.

The developing commonness of brilliant, practical, shopper-based, and climate-amicable bundling arrangements is driving the interest in great hot-melt adhesives. Different elements reinforcing the market request incorporate the developing commonness of paper bundling to diminish the carbon impression, rising interest for tweaked wrapping, and the developing industry of pre-stuffed food varieties and refreshments.

Besides, the bundling business utilizes sensitive materials like cardboard, paper, container, and plastics for wrapping applications. These sensitive materials require low-temperature hot-melt adhesives for proficient sticking. The low-temperature hot-melt pastes are energetically suggested as it is cost-proficient, energy-effective, and decrease the upkeep expenses of creation hardware as the mileage of the apparatus is limited. Such angles are probably going to drive the market development in the surveyed time span.

Market Segmentation

The global hot melt adhesives market is divided in terms of resin type and end-users.

The Ethylene Vinyl Acetate (EVA), Polyolefins, Styrene Butadiene Copolymer (SBC), Polyamide, Polyurethane, and other segments of the market are based on resin type.

Building and construction, paper, board, and packaging, woodwork, and joinery, automotive and transportation, footwear and leather, healthcare, electronics, and other industries make up the end-use sector.

Regional Analysis

Asia-Pacific represented the biggest market portion of 44.92% in 2021 and enrolling a CAGR of 6.45% during the gauge period is normal. The market across Asia Pacific is assessed to develop at the quickest pace because of the rising mediation of different electronic item fabricating organizations in the region across nations like China, South Korea, India, and Japan and that’s only the tip of the iceberg.

In North America, The US is the main country in the region attributable to the rising development and structures market. North America represented the second biggest market share in 2021, esteemed at USD 2,106.19 million; it is projected to enlist the most noteworthy CAGR of 5.35%. The European is generally ascribed to the development in the car industry in the region.

In the Middle East and Africa Turkey represented the biggest market portion of 36.35% in 2021 attributable to the development in development and structures and woodworks markets.

Major Players

The major players in the worldwide hot melt adhesives market include 3M, Beardow Adams, Jowat SE, Arkema Group, Henkel AG & Co. KGaA, DOW INC, H.B. Fuller, SIKA AG, AVERY DENNISON CORPORATION, and Adhesive Direct UK.

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TABLE OF CONTENTS

1 EXECUTIVE SUMMARY 14

1.1 GLOBAL HOT MELT ADHESIVES MARKET, BY RESIN TYPE 16

1.2 GLOBAL HOT MELT ADHESIVES MARKET, BY END USE INDUSTRY 17

1.3 GLOBAL HOT MELT ADHESIVES MARKET, BY REGION 18

2 MARKET INTRODUCTION 19

2.1 DEFINITION 19

2.2 SCOPE OF THE STUDY 19

2.3 MARKET STRUCTURE 20

3 RESEARCH METHODOLOGY 21

3.1 RESEARCH PROCESS 21

3.2 PRIMARY RESEARCH 22

3.3 SECONDARY RESEARCH 23

3.4 MARKET SIZE ESTIMATION 24

3.5 TOP-DOWN AND BOTTOM-UP APPROACH 24

3.6 FORECAST MODEL 25

3.7 LIST OF ASSUMPTIONS & LIMITATIONS 26

4 MARKET DYNAMICS 27

4.1 OVERVIEW 27

4.2 DRIVERS 28

4.2.1 SIGNIFICANT GROWTH IN AUTOMOTIVE PRODUCTION 28

4.2.2 SURGING DEMAND FROM PACKAGING INDUSTRY 28

4.2.3 GROWING DEMAND FOR ADHESIVES FOR CIRCUIT BOARDS 29

4.3 RESTRAINTS 30

4.3.1 LOWER THERMAL RESISTANCE 30

4.4 OPPORTUNITIES 30

4.4.1 RISING DEVELOPMENT OF BIO-BASED HOT-MELT ADHESIVES 30

4.4.2 INCREASING PACKAGING AND NON-WOVEN APPLICATION IN ASIA-PACIFIC AND LATIN AMERICA 31

4.5 CHALLENGES 31

4.5.1 DIFFICULTY IN USAGE ON HARD-TO-BOND SUBSTANCES 31

5 MARKET FACTOR ANALYSIS 32

5.1 VALUE CHAIN ANALYSIS 32

5.1.1 R&D 33

5.1.2 MANUFACTURING 33

5.1.3 DISTRIBUTION & SALES 33

5.1.4 POST-SALES REVIEW 33

5.2 PORTER’S FIVE FORCES MODEL 34

5.2.1 THREAT OF NEW ENTRANTS 35

5.2.2 BARGAINING POWER OF SUPPLIERS 35

5.2.3 BARGAINING POWER OF BUYERS 35

5.2.4 INTENSITY OF RIVALRY 35

5.2.5 THREAT OF SUBSTITUTES 35

5.3 IMPACT OF COVID-19 36

5.4 PRICE TREND ANALYSIS, 2019 TO 2021, (USD/TON) 36

6 GLOBAL HOT-MELT ADHESIVES MARKET, BY RESIN TYPE 37

6.1 OVERVIEW 37

7 GLOBAL HOT-MELT ADHESIVES MARKET, BY END-USE 40

7.1 OVERVIEW 40

8 GLOBAL HOT-MELT ADHESIVES MARKET, BY REGION 43

8.1 OVERVIEW 43

8.2 NORTH AMERICA 45

8.2.1 US 48

8.2.2 CANADA 50

8.3 EUROPE 52

8.3.1 GERMANY 56

8.3.2 UK 58

8.3.3 FRANCE 60

8.3.4 SPAIN 62

8.3.5 ITALY 64

8.3.6 RUSSIA 66

8.3.7 NETHERLANDS 68

8.3.8 POLAND 70

8.3.9 SWEDEN 72

8.3.10 DENMARK 74

8.3.11 REST OF EUROPE 76

8.4 ASIA-PACIFIC 78

8.4.1 CHINA 82

8.4.2 JAPAN 84

8.4.3 INDIA 86

8.4.4 SOUTH KOREA 88

8.4.5 AUSTRALIA & NEW ZEALAND 90

8.4.6 REST OF ASIA-PACIFIC 92

8.5 SOUTH AMERICA 94

8.5.1 BRAZIL 97

8.5.2 MEXICO 99

8.5.3 ARGENTINA 101

8.5.4 REST OF SOUTH AMERICA 103

8.6 MIDDLE EAST & AFRICA 105

8.6.1 GCC COUNTRIES 109

8.6.2 SOUTH AFRICA 111

8.6.3 TURKEY 113

8.6.4 ISRAEL 115

8.6.5 EGYPT 117

8.6.6 IRAN 119

8.6.7 REST OF MIDDLE EAST & AFRICA 121

9 COMPETITIVE LANDSCAPE 123

9.1 MARKET STRATEGY ANALYSIS 123

10 COMPANY PROFILES 124

10.1 3M 124

10.1.1 COMPANY OVERVIEW 124

10.1.2 FINANCIAL OVERVIEW 125

10.1.3 PRODUCTS OFFERED 126

10.1.4 KEY DEVELOPMENTS 126

10.1.5 SWOT ANALYSIS 127

10.1.6 KEY STRATEGIES 127

10.2 ARKEMA GROUP 128

10.2.1 COMPANY OVERVIEW 128

10.2.2 FINANCIAL OVERVIEW 128

10.2.3 PRODUCTS OFFERED 129

10.2.4 KEY DEVELOPMENTS 129

10.2.5 SWOT ANALYSIS 129

10.2.6 KEY STRATEGIES 130

10.3 HENKEL AG & CO. KGAA 131

10.3.1 COMPANY OVERVIEW 131

10.3.2 FINANCIAL OVERVIEW 131

10.3.3 PRODUCTS OFFERED 132

10.3.4 KEY DEVELOPMENTS 132

10.3.5 SWOT ANALYSIS 133

10.3.6 KEY STRATEGIES 133

10.4 BEARDOW ADAMS 134

10.4.1 COMPANY OVERVIEW 134

10.4.2 FINANCIAL OVERVIEW 134

10.4.3 PRODUCTS OFFERED 134

10.4.4 KEY DEVELOPMENTS 134

10.4.5 SWOT ANALYSIS 135

10.4.6 KEY STRATEGIES 135

10.5 DOW INC 136

10.5.1 COMPANY OVERVIEW 136

10.5.2 FINANCIAL OVERVIEW 136

10.5.3 PRODUCTS OFFERED 137

10.5.4 KEY DEVELOPMENTS 137

10.5.5 SWOT ANALYSIS 137

10.5.6 KEY STRATEGIES 138

10.6 AVERY DENNISON CORPORATION 139

10.6.1 COMPANY OVERVIEW 139

10.6.2 FINANCIAL OVERVIEW 139

10.6.3 PRODUCTS OFFERED 140

10.6.4 KEY DEVELOPMENTS 140

10.6.5 SWOT ANALYSIS 140

10.6.6 KEY STRATEGIES 141

10.7 H.B. FULLER 142

10.7.1 COMPANY OVERVIEW 142

10.7.2 FINANCIAL OVERVIEW 142

10.7.3 PRODUCTS OFFERED 143

10.7.4 KEY DEVELOPMENTS 144

10.7.5 SWOT ANALYSIS 145

10.7.6 KEY STRATEGIES 145

10.8 JOWAT SE 146

10.8.1 COMPANY OVERVIEW 146

10.8.2 FINANCIAL OVERVIEW 146

10.8.3 PRODUCTS OFFERED 146

10.8.4 KEY DEVELOPMENTS 146

10.8.5 SWOT ANALYSIS 147

10.8.6 KEY STRATEGIES 147

10.9 SIKA AG 148

10.9.1 COMPANY OVERVIEW 148

10.9.2 FINANCIAL OVERVIEW 148

10.9.3 PRODUCTS OFFERED 149

10.9.4 KEY DEVELOPMENT 149

10.9.5 SWOT ANALYSIS 150

10.9.6 KEY STRATEGIES 150

10.10 ADHESIVE DIRECT UK 151

10.10.1 COMPANY OVERVIEW 151

10.10.2 FINANCIAL OVERVIEW 151

10.10.3 PRODUCTS OFFERED 151

10.10.4 KEY DEVELOPMENTS 151

10.10.5 SWOT ANALYSIS 152

10.10.6 KEY STRATEGIES 152

11 APPENDIX 153

11.1 REFERENCES 153

11.2 RELATED REPORTS 153

The post Hot Melt Adhesives Market Research Report Forecast 2030 first appeared on CRI Report.

Product Overview
Hot melt adhesive (HMA) is a type of thermoplastic adhesive, which is typically marketed as solid cylindrical sticks of different diameters designed to be applied with a hot glue gun. To melt the plastic glue, which the user pushes through the gun either with a mechanical trigger mechanism on the gun or with direct finger pressure, the gun uses a continuous heating element. These adhesives are applied to a liquid substance and give a minimum of toxicity in an easy-to-clean application. Hot-melt adhesives are primarily used in bookbinding, for coatings, for the manufacture of packaging, diapers, other sanitary products, and tapes. Hot melt adhesives offer the fastest method of bonding and hot melt equipment has a far smaller footprint than other bonding techniques.

Market Highlights
Global Hot Melt Adhesives is expected to project a notable CAGR of 5.98 % in 2030.
Global Hot Melt Adhesives to surpass USD 13.47 billion by 2030 from USD 7.53 billion in 2020 at a CAGR of 5.98 % in the coming years, i.e., 2021-30. Surging demand of hot melt adhesives from the packaging industry and non-woven products application is driving the growth of the market. Hot melt adhesives (HMAs) do not need drying or curing, unlike their solvent- or water-based counterparts. They can be applied in their molten state and can hence be bonded immediately after application, giving them the distinct benefit of faster processing times in different applications, including packaging, nonwovens (diapers and hygiene products for women), furniture, industrial products. All these factors are expected to deliver attractive growth opportunities to the global hot melt adhesives market during the projected period.

Recent Highlights in Global Hot Melt Adhesives
In July 2020, Arkema Group acquired Fixatti NV, a company producing thermobonding adhesive powder. Fixatti NV owns two production sites in Europe and one in China. The transaction would support Arkema Group strengthen its hot melt adhesives product portfolio and is in line with the company’s vision to become a pure specialty materials player by 2024.

In October 2017, Avery Dennison commissioned a hot melt adhesive coating line in Malaysia to expand its market position by leveraging the growth potential of Southeast Asia.

Global Hot Melt Adhesives: Segments
Ethylene Vinyl Acetate segment to grow with the highest CAGR during 2020-30
Global Hot Melt Adhesives is segmented by Product Type into ethylene-vinyl acetate, styrene block copolymer, polyurethane, polyamide, amorphous polyalphaolefins, metallocene polyolefins, and polyester. Ethylene Vinyl Acetate, the segment held the largest market share in the year 2020 because of their durability, versatility and it holds strong adhesion properties which makes it suitable for packaging and woodworking sectors. In addition, supportive government regulations in regard with the usage of low VOC adhesives is boosting the growth of the segment.

Packaging segment to grow with the highest CAGR during 2020-30
Global Hot Melt Adhesives is divided by Application into packaging, disposables, pressure-sensitive products, bookbinding, furniture, footwear, automobile, textile, electronics, and others. Packaging, segment held the largest market share in the year 2020 and will continue to dominate the market in the coming years. The growth of the segment of the market is driven by the bonding, superior speed, and adhesion ability of hot melt adhesives which make them suitable for products in corrugated cases, sealing bottles and paper board cartons, and other packaging products.

Market Dynamics
Drivers
Booming demand of hot melt adhesives from packaging industry
In recent years, packaging industry is flourishing at a rapid pace owing to the surging demand for packaged food and beverages globally. Hot melt adhesives are extensively used in the paper, board, and packaging industry as packaged products require flexible as well as rigid packaging. Hot melt adhesives have a range of applications from printed sheets lamination and corrugated box construction to packaging materials which is used for all types of consumer products and the manufacturing of large industrial cores and tubes. Furthermore, the expanding e-commerce industry is bolstering the demand for packaging solutions. An increase in online shopping and rising consumption of packaged food products is expected to surge the demand for hot melt adhesives.

High adoption of hot melt adhesives in DIY applications
Hot melt adhesives are considered an ideal material for DIY applications since they can bind to a wide range of materials and surfaces such as papers, ceramic, fabric plastics, cardboard, and metal. While in developed economies such as North America and Europe DIY is common, it is a relatively new notion. The DIY applications include art, woodworking, packaging of general products, and others. In DIY application hot melt adhesives are commonly used in stick form due to their easy usage and easy accessibility of hot melt adhesives guns.

Restraint
Unstable prices of raw material
Varying prices of raw materials is the major factor that is likely to hamper the global Hot Melt Adhesives market in the near future. Raw materials used in the adhesives have volatile prices and such volatility can impact the profit margins of the manufacturers. It is difficult for the manufacturers maintain a balance between production costs and selling prices which is likely to impede the growth of the hot melt adhesive market. Additionally, strict regulations in the developing economies is expected to hamper the growth of the global demand for hot melt adhesives in the coming years.

Global Hot Melt Adhesives: Key Players
Dow Inc.

Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis

3M Co.
Adtek Consolidated Sdn. Bhd.
Arkema Group
Beardow Adams
Bond Tech Industries
Bühnen GmbH & Co. KG
Cherng Tay Technology Co., Ltd.
Costchem S.r.l.
Daubert Chemical Co.
Other Prominent Players
Global Hot Melt Adhesives: Regions
Global Hot Melt Adhesives is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific, and Middle East, and Africa. Global Hot Melt Adhesives in Asia Pacific held the largest market share of XX.X% in the year 2020. Asia Pacific will continue to dominate the global Hot Melt Adhesives. The growth of the segment is driven by the growing demand for packaging and disposable hygiene products and the presence of major market players in the region. Besides, growing consumer awareness regarding hygiene and the escalating demand for nonwoven hygiene products is contributing to the growth of the region. In addition to this, the substantial impact of western culture on the region has also propelled several attractive applications that positively impact the market growth in the region.

Global Hot Melt Adhesives is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe
Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA
Global Hot Melt Adhesives report also contains analysis on:
Hot Melt Adhesives Segments:

By Product Type
Ethylene Vinyl Acetate
Styrenic Block Copolymer
Polyurethane
Polyamide
Amorphous Polyalphaolefins
Metallocene Polyolefins
Polyester
By Application
Packaging
Disposables
Pressure-sensitive products
Bookbinding
Furniture
Footwear
Automobile
Textile
Electronics
Others
Hot Melt Adhesives Dynamics
Hot Melt Adhesives Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies Involved in the Market
Value Chain of the Market
Market Drivers and Restraints
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