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Global Polyester Hot Melt Adhesives Market to Grow at 7.7% During 2022-2027, Propelled by Escalating Demand from the Automotive Industry

Published on Oct 10, 2022

IMARC Group’s latest report, titled “Polyester Hot Melt Adhesives Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” finds that the global polyester hot melt adhesives market is expected to exhibit a CAGR of 7.7% during 2022-2027. 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. 

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.                                          

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, Avery Dennison Corporation, Bostik S.A. (Arkema S.A.), Cattie Adhesives, Costchem S.r.l., Dow Inc., EMS Chemie Holding AG, H.B. Fuller Company, Sika AG, and Sipol SpA.
     

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