Global Polyester Hot Melt Adhesives Market to Grow at 6.66% During 2024-2032, Propelled by Escalating Demand from the Automotive Industry

October 10, 2022 | Chemical & Materials

IMARC Group’s latest report, titled “Polyester Hot Melt Adhesives Market Report by Type (Saturated, Unsaturated), Application (Packaging, Textiles and Fabrics, Automotive, Electrical and Electronics, Polymer Films and Foils, and Others), and Region 2024-2032,” finds that the global polyester hot melt adhesives market is expected to exhibit a CAGR of 6.66% during 2024-2032. Polyester hot melt adhesives are non-volatile, thermoplastic adhesives that remain crystalline and solid at room temperature but turn into a liquid upon heating and then re-solidify when cooled. They form instant bonds, enhance product appearance, and reduce product weight. They are usually compatible with polyester, polyvinyl chloride (PVC), polycarbonate, aluminum, copper, steel, non-woven, leather, and paper-based fabrics. They have a short setting time and perform exceptionally well under high temperatures. They possess high tensile strength, durability, low application viscosity, and excellent resistance to oil, moisture, chemicals, and other non-polar solvents. As a result, polyester hot melt adhesives find extensive applications across the textile, automotive, consumer electronics, and packaging industries.

Global Polyester Hot Melt Adhesives Market Trends:

The escalating product demand from the automotive industry represents the primary factor driving the market growth. This can be attributed to the growing usage of polyester hot melt adhesives in trunk lining, seat assembly, emblem attachment, and sealing various air and ventilation filters in vehicles. Moreover, the increasing product applications in the textile sector to form durable bonds in moisture-resistant textiles pre-treated with hydrophobic polymers is positively influencing the demand for polyester hot melt adhesives. Besides this, the rising product utilization in carpets, apparel assembly, and interlinings have catalyzed the market growth. Additionally, there has been a significant increase in the demand for polyester hot melt adhesives from the packaging industry. For instance, in the food and beverage (F&B) sector, the emerging trend of takeaway and online food deliveries has strengthened the need for corrugated and flexible packaging. Apart from this, the surging adoption of paper packaging due to the elevating sales of packaged foods and beverages, including dairy products, frozen foods, bread, vegetables, and ready-to-eat items, has accelerated the adoption of polyester hot melt adhesives in food packaging. Furthermore, the rising demand for pharmaceutical packaging products, such as parenteral vials and pre-fillable syringes, has propelled market growth. Other factors, including the rapid expansion of the paper and packaging industry, emerging e-commerce sector, increasing automobile production, and continual advancements in packaging technologies and materials, are also providing a positive impact on the market growth. 

Market Summary:

  • Based on the type, the market has been bifurcated into saturated and unsaturated.
  • On the basis of the application, the market has been classified into packaging, textiles and fabrics, automotive, electrical and electronics, polymer films and foils, and others.
  • Region-wise, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and the Middle East and Africa.
  • The competitive landscape of the market has also been analyzed, with some of the key players being 3M Company, Bostik (Arkema S.A.), Cattie Adhesives, Costchem S.r.l., EMS Chemie Holding AG, Sika AG and Sipol SpA.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Type, Application, Region
Region Covered Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 3M Company, Bostik (Arkema S.A.), Cattie Adhesives, Costchem S.r.l., EMS Chemie Holding AG, Sika AG and Sipol SpA
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
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Global Polyester Hot Melt Adhesives Market to Grow at 6.66% During 2024-2032, Propelled by Escalating Demand from the Automotive Industry
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