Hot Melt Adhesives Market Size, Top Global Key Players Analysis till 2023- 3M, The Dow Chemical Company, Sika AG, H.B. Fuller Company, RPM International Inc.

Market Overview:

Hot Melt Adhesives, also known as hot glue are thermoplastic in nature. They are used for creating a strong molecular attraction between the materials. These adhesives are applied in their molten state and then solidify after cooling. Hot melt adhesives are known for their non-toxic and ecofriendly nature. They are of five types namely ethylene vinyl acetate, polyolefin, polyamide, polypropylene and polyurethane hot melt. Ethylene vinyl acetate hot melt adhesives are light in color and widely used in the market due to their usage in several applications such as buildings & construction, food packaging and others.

The global hot melt adhesives market has been driven by the important factors and trends such as safe storage, ease of use, excellent moisture resistance and anti-oxidant characteristics. It is estimated that the global hot melt adhesive market is set to witness a rapid growth due to its benefits and advantages over solvent based adhesives.

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Major Key Players:
The Major Players operating in the Hot Melt Adhesives Market are:

• 3M Company (U.S.A.),
• Henkel AG & Co. KGaA (Germany),
• Huntsman International LLC. (U.S.A.),
• Dow Corning Corporation (U.S.A.),
• Sika AG (Switzerland),
• RPM International Inc. (U.S.A.),
• H.B. Fuller Company (U.S.A.),
• The Dow Chemical Company ( U.S.A.)

Market Segmentation:
The Global Hot Melt Adhesives Market is categorized on the basis of Type, Application:

On The Basis Of Type-
• Ethylene Vinyl Acetate,
• Polyolefin,
• Polyamide,
• Polypropylene
• Polyurethane

On The Basis Of Application -
• Food Packaging,
• Buildings & Construction,
• Wood Working,
• Carton-Sealing,
• General Consumer Packaging,
• Electronics

Regional Analysis:
Geographically, Hot Melt Adhesives Market is segmented across Five Regions in the world namely:

• Asia Pacific,
• North America,
• Europe,
• Latin America,
• Middle East & Africa.

Among these, Asia Pacific is the major shareholder of this market owing to growing use in heavy end industries such as construction, packaging and others. The European region is set to witness a rapid growth in the market owing to technological advancements and rising use in automotive, defense and other industrial sectors.

The hot melt adhesives has observed a stunning development in the North American region due to growing popularity of polyurethane adhesives. An increase in the number of manufacturing and production units has propelled the Latin American market to witness a notable growth. The economic slowdown due to low crude oil prices has propelled the Middle East & Africa to witness a stunted growth.

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