IMARC Group’s latest report, titled “Polyester Hot Melt Adhesives Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” finds that the global polyester hot melt adhesives market is expected to exhibit a CAGR of 7.4% during 2023-2028. 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.
- 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.
|Base Year of the Analysis
||Type, Application, Region
||Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||3M Company, Bostik (Arkema S.A.), Cattie Adhesives, Costchem S.r.l., EMS Chemie Holding AG, Sika AG and Sipol SpA
||10% Free Customization
|Report Price and Purchase Option
||Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
|Post-Sale Analyst Support
||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
30 N Gould St, Ste R
Sheridan, WY (Wyoming) 82801 USA
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800