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The global polyester hot melt adhesives market exhibited moderate growth during 2015-2020. Polyester hot melt adhesives refer to thermoplastic adhesives that are non-volatile in nature. They are commonly found in a solid-state at room temperatures that can be liquified upon heating. These adhesives are widely used to form instantaneous bonds and reduce product weight while improving the overall product appearance. They are generally compatible with polyester, leather, polyvinyl chloride (PVC), polycarbonate, aluminum, copper, steel, and non-woven, and paper-based fabrics. They offer high tensile strength, exhibit excellent resistance to moisture and perform exceptionally well under high temperatures. As a result, they find extensive applications across various industry verticals, including the textile, automotive, packaging and consumer electronics sectors.
The global market is primarily driven by the increasing utilization of polyester hot melt adhesives in the textile sector. These adhesives are widely employed to forge effective and durable bonds in moisture-resistant textiles that are pre-treated with hydrophobic polymers. Apart from this, the rising demand for these adhesives from the packaging sector is expected to drive the market growth. This is further supported by considerable growth in the e-commerce sector and continual advancements in packaging technologies and materials. The escalating adoption of corrugated packaging in the food and beverages industry is acting as another major growth-inducing factor. Facilitated by the affordable and environment-friendly nature of these packaging solutions, this, in turn, is providing a boost to the increasing uptake of hot melt adhesives. Moreover, polyester hot melt adhesives are extensively being used in the automobile industry for a vast array of applications, thereby creating a positive outlook for the market. Some of these applications include trunk lining, seat assembly, emblem attachment, and air filter attachments. Looking forward, IMARC Group expects the global polyester hot melt adhesives market to grow at a CAGR of around 7% during the next five years.
IMARC Group provides an analysis of the key trends in each sub-segment of the global polyester hot melt adhesives market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, type and application.
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The competitive landscape of the industry has also been examined along with the profiles of the key players being 3M Company, Avery Dennison Corporation, Bostik (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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