Hot-Melt Adhesive Market, By Resin Type (Thermoplastic Polyurethane, Ethylene Vinyl Acetate, Styrenic-butadiene Copolymers, Polyolefins, Polyamide, and Other Resin Types), By End-user Industry (Building and Construction, Paper, Board, and Packaging, Woodworking and Joinery, Transportation, Footwear and Leather, Healthcare (including Hygiene Products), Electronics, and Other End-user Industries), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030

Report Code: PMI400520 | Publish Date: March 2024 | No. of Pages: 169

Global HotMelt Adhesive Market By Overview

Hot melt adhesive (HMA), also known as hot glue, is a type of thermoplastic adhesive. It is mainly sold as solid cylindrical sticks of several diameters intended to be applied using a hot glue gun. Hot melt adhesives have no water and no solvents. Hot melt adhesives can also be applied by spraying or dipping. Holt melt adhesives can retain their thickness during solidifying, whereas solvent-based adhesives can lose thickness up to 50-70% during drying.

Global HotMelt Adhesive Market By Dynamics

Growing demand for hot melt adhesives in packaging and construction industry is a major factor driving the growth of the global hot melt adhesives market. Additionally, increasing demand for hot melt adhesives in pressure-sensitive industries and use of hot melt adhesives in the automotive industry for endpoint fixing are other factors projected to propel the growth of the target market during the forecast period. Moreover, hot melt adhesives can bond with non-porous materials such as glass, metal, and plastics which has augmented its demand in the target market. Growing adoption of hot melt adhesives in an end-use application such as labelling bottle, woodworking, and leather, is another factor anticipated to boost the growth of the global hot melt adhesives market to a certain extent. However, hot melt adhesives are sensitive to a higher temperature which loses bond strength at higher temperature is a key factor hampering the growth of the global market. Moreover, compliance with strict regulations in developed countries is probable to restrain the growth of the global market over the forecast period. Nevertheless, the superior quality and features offered by hot-melt adhesives have made it popular among the consumers. For instance, H. B. Fuller offers its product - Rapidex NP2075LT adhesives- for use in floor lamination. It is specifically developed for this application, in addition to being suitable for exterior applications. The product sets fast, it is high quality, and it has high viscosity and versatility. Such innovative features make the product unique in the market.

Access Crucial Insights at a Fraction of the Cost | Request Your Discount

Global HotMelt Adhesive Market By Segmentation

The hot melt adhesive market is segmented based on resin type, end-user industry, and region.

Based on resin type, the global hot melt adhesive market is segmented into thermoplastic polyurethane, ethylene vinyl acetate, styrene-butadiene copolymers, polyolefins, polyamide, and other resin types. Based on end-user industry, the target market is segmented into building and construction, paper, board, and packaging, woodworking and joinery, transportation, footwear and leather, healthcare (including hygiene products), electronics, and other end-user industries.

On the region, the global hot melt adhesive market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is projected to estimate for highest market share in terms of revenue as compared to other regions. This can be credited to the growing demand for disposable hygiene and packaging products along with the presence of several market players in the region. Europe estimates for the second-highest revenue share contribution in the global hot melt adhesives market due to growing adoption of hot melt adhesives in defence, automotive, and other industrial sectors followed by markets in Asia Pacific, Latin America, and Middle East & Africa correspondingly. Moreover, the market in Asia Pacific is expected to observe the fastest growth in terms of revenue, owing to the factors such as growing demand for hot melt adhesives from end-use industries in emerging economies such as India and China.

Reduce costs by up to 30% with a custom report tailored to your specific needs | Request Customized Report

Hot-Melt Adhesive Market, By Resin Type:

  • Thermoplastic Polyurethane
  • Ethylene Vinyl Acetate
  • Styrenic-butadiene Copolymers
  • Polyolefins
  • Polyamide
  • Other Resin Types

Hot-Melt Adhesive Market, By End-user Industry:

  • Building and Construction
  • Paper, Board, and Packaging
  • Woodworking and Joinery
  • Transportation
  • Footwear and Leather
  • Healthcare (including Hygiene Products)
  • Electronics
  • Other End-user Industries

Hot-Melt Adhesive Market, By Region:

      • North America
        • North America Hot-Melt Adhesive Market, By Resin Type
        • North America Hot-Melt Adhesive Market, By End-user Industry
        • North America Hot-Melt Adhesive Market, By Country
          • U.S.
          • Canada
      • Europe
        • Europe Hot-Melt Adhesive Market, By Resin Type
        • Europe Hot-Melt Adhesive Market, By End-user Industry
        • Europe Hot-Melt Adhesive Market, By Country
          • Germany
          • UK
          • France
          • Russia
          • Italy
          • Rest of Europe
      • Asia Pacific
        • Asia Pacific Hot-Melt Adhesive Market, By Resin Type
        • Asia Pacific Hot-Melt Adhesive Market, By End-user Industry
        • Asia Pacific Hot-Melt Adhesive Market, By Country
          • China
          • India
          • Japan
          • South Korea
          • RestofAsia Pacific                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
      • Latin America
        • Latin America Hot-Melt Adhesive Market, By Resin Type
        • Latin America Hot-Melt Adhesive Market, By End-user Industry
        • Latin America Hot-Melt Adhesive Market, By Country
          • Brazil
          • Mexico
          • Rest of Latin America
      • Middle East & Africa
        • Middle East & Africa Hot-Melt Adhesive Market, By Resin Type
        • Middle East & Africa Hot-Melt Adhesive Market, By End-user Industry
        • Middle East & Africa Hot-Melt Adhesive Market, By Country
          • GCC
          • Israel
          • South Africa
          • Rest of Middle East & Africa

Global HotMelt Adhesive Market By Key Players

The key players operating the hot-melt adhesive market includes 3M Company, Alfa International Corporation, DowDuPont, Arkema Group (Bostik SA), Ashland Inc., Avery Dennison Corp., Dymax, AICA ASIA Pacific holding Pte Ltd., Sika AG, and HB Fuller Co. Prominent players operating in the target market are focusing on the strategic partnerships as well as launching of the products to gain competitive edge in the target market. For instance, in July 2018, H.B. Fuller Company launched low-temperature hot melt adhesive for packaging production lines. The Advantra LT 9135 is designed to save 15% less adhesive than other low-temperature solutions and is particularly suited to fast-moving packaging production lines, such as e-commerce retailing.

Global HotMelt Adhesive Market By Company Profile

      • 3M Company
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Performance
        • Business Strategies
  • Alfa International Corporation
  • DowDuPont
  • Arkema Group (Bostik SA)
  • Ashland Inc.
  • Avery Dennison Corp.
  • Dymax
  • AICA ASIA Pacific holding Pte Ltd.
  • Sika AG
  • HB Fuller Co.

“*” marked represents similar segmentation in other categories in the respective section

Global HotMelt Adhesive Market By Table of Contents

Research Objective and Assumption

  • Preface
  • Research Objectives
  • Study Scope
  • Years Considered for the study
  • Assumptions
  • Abbreviations

Research Methodology

  • Research data
  • Primary Data
    • Primary Interviews
    • Primary Breakdown
    • Key data from Primary Sources
    • Key Thickness Insights
  • Secondary Data
    • Major Secondary Sources
    • Secondary Sources
  • Market Estimation
  • Top-Down Approach
    • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
  • Bottom-Up Approach
    • Approach for estimating market share by Bottom-up Analysis (Demand Side)
  • Market Breakdown and Data Triangulation
  • Research Assumptions

Market Preview

  • Executive Summary
  • Key Findings—Global Outlook for medical carts Strategies
    • Key Questions this Study will Answer
    • Market Snippet, By Resin Type
    • Market Snippet, By End-user Industry
    • Market Snippet, By Region
  • Opportunity Map Analysis
  • Executive Summary—3 Big Predictions

Market Dynamics, Regulations, and Trends Analysis

  • Market Dynamics
    • Drivers
    • Restrains
    • Market Opportunities
    • Market Trends
  • DR Impact Analysis
  • PEST Analysis
  • Porter’s Five Forces Analysis
  • Opportunity Orbit
  • Market Investment Feasibility Index
  • Macroeconomic Factor Analysis

Market Segmentation, By Resin Type, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Thermoplastic Polyurethane
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Ethylene Vinyl Acetate
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Styrenic-butadiene Copolymers
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Polyolefins
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Polyamide
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Other Resin Types
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Market Segmentation, By End-user Industry, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Building and Construction
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Paper
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Board
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Packaging
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Woodworking and Joinery
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Transportation
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Footwear and Leather
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Healthcare (including Hygiene Products)
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Electronics
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Other End-user Industries
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Global Market, By Region, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Regional Trends
  • North America
    • Market Size and Forecast (US$ Bn), By Resin Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By End-user Industry, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • U.S.
      • Canada
  • Europe
    • Market Size and Forecast (US$ Bn), By Resin Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By End-user Industry, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • UK
      • France
      • Germany
      • Russia
      • Italy
      • Rest of Europe
  • Asia Pacific
    • Market Size and Forecast (US$ Bn), By Resin Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By End-user Industry, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • India
      • Japan
      • South Korea
      • China
      • Rest of Asia Pacific
  • Latin America
    • Market Size and Forecast (US$ Bn), By Resin Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By End-user Industry, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • Brazil
  • Mexico
  • Rest of Latin America
  • Middle East & Africa
    • Market Size and Forecast (US$ Bn), By Resin Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By End-user Industry, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East

Competitive Landscape

  • Heat Map Analysis
  • Market Presence and Specificity Analysis

Company Profiles

  • 3M Company
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Alfa International Corporatio
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • DowDuPont
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Arkema Group (Bostik SA)
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Ashland Inc
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Avery Dennison Corp.  
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Dymax
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • AICA ASIA Pacific holding Pte Ltd.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Sika AG
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • HB Fuller Co
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies

The Last Word

  • Future Impact
  • About Us
  • Contact

FAQs

The global hot melt adhesive market is segmented based on resin type, end-user industry, and region.

Growing demand for hot melt adhesives in packaging and construction industry

North America is projected to estimate for highest market share in terms of revenue as compared to other regions. This can be credited to the growing demand for disposable hygiene and packaging products along with the presence of several market players in the region

Prominent players operating in the target market are focusing on strategic partnerships as well as launching the products to gain a competitive edge in the target market. For instance, in July 2018, H.B. Fuller Company launched a low-temperature hot melt adhesive for packaging production lines.