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The global hot melt adhesive market reached a value of US$ 6.75 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 4.5% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Hot melt adhesives are normally solid formulations that are based on thermoplastic polymers. They are usually solids under normal temperature but get activated and turn into liquids when they are heated above their softening point. Upon solidification, they return to a physical state that possesses structural integrity and can act as an adhesive. These adhesives are manufactured by blending thermoplastics with waxes, plasticizers, fillers, resins, and antioxidants. Hot melt adhesives can be applied in several ways, including extrusion, screen printing, spiral spraying, melt blowing, slot die coating, etc. In comparison to other adhesives, hot melt adhesives bond instantly with plastics, ceramics, glass, paper, rubber, wood, metal, etc. As a result, they are widely adopted across the packaging, construction, electronics, textiles, and automotive industries.
The growing packaging sector is primarily driving the demand for hot melt adhesives for sealing, assembling, and labeling corrugated boxes and paperboard cartons. Moreover, hot melt adhesives are also used for assembling car seat covers and carpets, thereby experiencing high demand in the automobile industry. Additionally, the increasing demand for fully-assembled and laminated furniture is also augmenting the market for these products. Rising infrastructural development across various emerging economies, such as India, China, Vietnam, etc. is further propelling the use of hot melt adhesives for binding ceramics, wood panels, flooring materials, and reengineered plastics. Apart from this, the rising adoption of customized and flexible packaging in the food and beverage sector is also driving the demand of hot melt adhesives as they don’t contain volatile organic compounds (VOCs), which can result in foul odor and can also negatively impact the food quality. Moreover, the advent of the PUR technology has led to the introduction of advanced product variants providing high heat resistance, UV protection, and superior binding strength, creating a positive impact on the market growth.
IMARC Group provides an analysis of the key trends in each sub-segment of the global hot melt adhesive market, along with forecasts at the global, regional and country level from 2021-2026. Our report has categorized the market based on resin type, application and product form.
Breakup by Resin Type:
Breakup by Application:
Breakup by Product Form:
Breakup by Region:
The report has also analysed the competitive landscape of the market with some of the key players being 3M Company, Arkema S.A., Ashland Global Holdings Inc., Avery Dennison Corporation, Beardow & Adams Ltd., Dow Inc., H.B. Fuller Company, Henkel AG & Co. KGaA, Jowat SE, Paramelt B.V., Sika AG and Wacker Chemie AG.
|Base Year of the Analysis||2020|
|Segment Coverage||Resin Type, Application, Product Form, 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, Arkema S.A., Ashland Global Holdings Inc., Avery Dennison Corporation, Beardow & Adams Ltd., Dow Inc., H.B. Fuller Company, Henkel AG & Co. KGaA, Jowat SE, Paramelt B.V., Sika AG and Wacker Chemie AG.|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
|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)|
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