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
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

About Us:

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.

Contact Us:

IMARC Group
30 N Gould St, Ste R
Sheridan, WY (Wyoming) 82801 USA
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-753-713-2163 | Asia: +91-120-433-0800

Need more help?

Speak to our experienced analysts for insights on the current market scenarios.
Include additional segments and countries to customize the report as per your requirement.
Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
For further assistance, please connect with our analysts.

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

Purchase options

Single User License ~~$3899~~ $2999
Five User License ~~$4899~~ $3999
Corporate User License ~~$5899~~ $4999

Inquire Before Buying

Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Speak to an Analyst

Request Brochure

Get in Touch With Us

UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-713-2163

Email: sales@imarcgroup.com

Client Testimonials

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.