Hot Melt Adhesive (HMA) Market | Global Forecast 2024 | Top Industry Key Players 3M Company, Arkema Group, Avery Dennison Corporation, Beardow & Adams (Adhesives) Ltd., DOW Corning Corporation, HB Fuller Company, Henkel AG & Co. KGaA, Jowat Se, Sika AG
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Hot melt adhesives (HMA) commonly referred to as hot glue, do not contain solvents or water and have a fast setting speed. Hot melt adhesives consist of three main components; high molecular weight polymer, tackifier and plasticizer. Hot melt adhesives are used in several industries such as packaging solutions, non-woven hygiene products, book binding and furniture.
Global Hot Melt Adhesive (HMA) Market, By Resin Type (Ethylene Vinyl Acetate, Styrenic Block Copolymers, Metallocene Polyolefin, Amorphous Polyalphaolefins, Polyolefins, Polyamides, Polyurethane, Others); By Application (Packaging Solutions, Nonwoven Hygiene Products, Furniture & Woodwork, Bookbinding, Others) and Forecast to 2024
Top Key Players Mentioned:
• 3M Company
• Arkema Group
• Avery Dennison Corporation
• Beardow & Adams (Adhesives) Ltd.
• DOW Corning Corporation
• HB Fuller Company
• Henkel AG & Co. KGaA
• Jowat Se
• Sika AG
• Tex Year Industries Inc.
• Adhesive Direct UK
• Adtek Malaysia SDN BHD
• Buhnen GmbH & Co. Kg
• Cherng Tay Technology Co., Ltd.
• Costchem SRL
• Daubert Chemical Company
• Evans Adhesive Corporation, Ltd.
• Evonik Industries AG
• Helmitin Adhesives
• Klebchemie GmbH & Co. Kg
• KMS Adhesives Ltd.
• Sanyhot Adhesivos S.A.
• Sealock Ltd.
• Toyobo Co., Ltd.
• Worthen Industries & Many more.
Market Segmentation: Global Hot Melt Adhesive (HMA) Market
The hot melt adhesive (HMA) market is segmented on the basis of resin type into ethylene vinyl acetate (EVA), styrenic block copolymers (SBC), metallocene polyolefin (MPO), amorphous polyalphaolefins (APAO), polyolefins, polyamides, polyurethane (PU), others. Chemical purging is expected to grow at the highest CAGR over the forecast period.
On the basis of application, the market is segmented into packaging solutions, nonwoven hygiene products, furniture & woodwork, bookbinding, others. Packaging solutions are further segmented into corrugated boxes and trays, carton and side-seam closures, non-pressure sensitive labels and marking systems, flexible packaging, and others. Nonwoven hygiene products are further segmented into baby diapers, nappies, and pants, adult incontinence, and feminine care. Furniture and woodwork are further segmented into woodworking, and structural and non-structural wood products. Book binding are further segmented into spine binding, and cover page and edge bonding. Others are further segmented into automotive & transport, consumer, footwear and electronics.
On the basis of geography, the hot melt adhesives (HMA) market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
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The global hot melt adhesive (HMA) market is highly fragmented with the presence of a large number of players across different regions. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
Major Market Drivers:
• Extensive range of applications
• Increasing demand for eco-friendly adhesives
• Increasing demand for the pressure sensitives industries that use HMAs
• Volatility in the raw material prices
• Loss of bond strength at high temperature
Focus of the report:
• The study provides an in-depth analysis of the global Hot Melt Adhesive (HMA) Market and current & future trends to elucidate imminent investment pockets.
• Changing market dynamics of the industry
• Strategies of key players and product offerings
• In-depth market segmentation
• Recent industry trends and developments
• Analyze and forecast Hot Melt Adhesive (HMA) Market on the basis of type, function and application.
Major Topics Covered in this Report:
Chapter 1 Study Coverage
Chapter 2 Executive Summary
Chapter 3 Market Size by Manufacturers
Chapter 4 Production by Regions
Chapter 5 Consumption by Regions
Chapter 6 Market Size by Type
Chapter 7 Market Size by Application
Chapter 8 Manufacturers Profiles
Chapter 9 Production Forecasts
Chapter 10 Consumption Forecast
Chapter 11 Upstream, Industry Chain and Downstream Customers Analysis
Chapter 12 Opportunities & Challenges, Threat and Affecting Factors
Chapter 13 Key Findings
Chapter 14 Appendix
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