Hot Melt Adhesive (HMA) Market Insights, Forecast to 2025
Hot melt adhesive (HMA), also known as hot glue, is a form of thermoplastic adhesive that is commonly sold as solid cylindrical sticks of various diameters designed to be applied using a hot glue gun. The gun uses a continuous-duty heating element to melt the plastic glue, which the user pushes through the gun either with a mechanical trigger mechanism on the gun, or with direct finger pressure. The glue squeezed out of the heated nozzle is initially hot enough to burn and even blister skin. The glue is tacky when hot, and solidifies in a few seconds to one minute. Hot melt adhesives can also be applied by dipping or spraying.
In industrial use, hot melt adhesives provide several advantages over solvent-based adhesives. Volatile organic compounds are reduced or eliminated, and the drying or curing step is eliminated. Hot melt adhesives have long shelf life and usually can be disposed of without special precautions. Some of the disadvantages involve thermal load of the substrate, limiting use to substrates not sensitive to higher temperatures, and loss of bond strength at higher temperatures, up to complete melting of the adhesive. This can be reduced by using a reactive adhesive that after solidifying undergoes further curing e.g., by moisture (e.g., reactive urethanes and silicones), or is cured by ultraviolet radiation. Some HMAs may not be resistant to chemical attacks and weathering. HMAs do not lose thickness during solidifying; solvent-based adhesives may lose up to 50-70% of layer thickness during drying.
First of all, the increasing demand for hot melt adhesive drives the market size. Second,The market is fuelled by growing requirement from end-user companies such as labeling, packaging, building & construction, woodworking, bookbinding, automotive, non-woven, transportation & footwear markets. In addition, the general trend of shifting away from solvent based glues owing to damaging consequences of unstable organic compounds given out from these adhesives or glues is expected to propel market growth over the forecast period. Continuous pressure given by regulatory working authorities such as EPA (Environment Protection Agency) & REACH is expected to reduce the utilization of solvent based adhesives in an effort to decrease unfavourable effects on the environment, thereby affecting the hot melt adhesives market.
Furthermore, the strong bond without the demand to cure the glue after it is being utilized is a supplemented advantage for budding and cheaper end-use procedures. Third, North America has the most dominant market for hot melt adhesives and it is expected to have one-third of global demand in these regions. Europe is also expected to have a significant growth in the hot melt adhesive market over the forecast period. Central and south America is also anticipated to have a rapid growth.
Global Hot Melt Adhesive (HMA) market size will increase to 11700 Million US$ by 2025, from 7500 Million US$ in 2018, at a CAGR of 6.6% during the forecast period.
In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Hot Melt Adhesive (HMA).
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The following manufacturers are covered in this report:
Cherng Tay Technology
Tex Year Industries
Hot Melt Adhesive (HMA) Breakdown Data by Type
Hot Melt Adhesive (HMA) Breakdown Data by Application
Nonwoven Hygiene Products
Furniture & Woodwork
Hot Melt Adhesive (HMA) Production Breakdown Data by Region
Hot Melt Adhesive (HMA) Consumption Breakdown Data by Region
Rest of Europe
Central & South America
Rest of South America
Middle East & Africa
Rest of Middle East & Africa
The study objectives are:
To analyze and research the global Hot Melt Adhesive (HMA) capacity, production, value, consumption, status and forecast;
To focus on the key Hot Melt Adhesive (HMA) manufacturers and study the capacity, production, value, market share and development plans in next few years.
To focuses on the global key manufacturers, to define, describe and analyze the market competition landscape, SWOT analysis.
To define, describe and forecast the market by type, application and region.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends and factors driving or inhibiting the market growth.
To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
To strategically analyze each submarket with respect to individual growth trend and their contribution to the market.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
In this study, the years considered to estimate the market size of Hot Melt Adhesive (HMA) :
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
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Table of content
Global Hot Melt Adhesive (HMA) Market Research Report 2019-2025, by Manufacturers, Regions, Types and Applications
1 Study Coverage
1.1 Hot Melt Adhesive (HMA) Product
1.2 Key Market Segments in This Study
1.3 Key Manufacturers Covered
1.4 Market by Type
1.4.1 Global Hot Melt Adhesive (HMA) Market Size Growth Rate by Type
1.5 Market by Application
1.5.1 Global Hot Melt Adhesive (HMA) Market Size Growth Rate by Application
1.5.2 Packaging Solutions
1.5.3 Nonwoven Hygiene Products
1.5.4 Furniture & Woodwork
1.6 Study Objectives
1.7 Years Considered
2 Executive Summary
2.1 Global Hot Melt Adhesive (HMA) Production
2.1.1 Global Hot Melt Adhesive (HMA) Revenue 2014-2025
2.1.2 Global Hot Melt Adhesive (HMA) Production 2014-2025
2.1.3 Global Hot Melt Adhesive (HMA) Capacity 2014-2025
2.1.4 Global Hot Melt Adhesive (HMA) Marketing Pricing and Trends
2.2 Hot Melt Adhesive (HMA) Growth Rate (CAGR) 2019-2025
2.3 Analysis of Competitive Landscape
2.3.1 Manufacturers Market Concentration Ratio (CR5 and HHI)
2.3.2 Key Hot Melt Adhesive (HMA) Manufacturers
2.4 Market Drivers, Trends and Issues
2.5 Macroscopic Indicator
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This report researches the worldwide Hot Melt Adhesive (HMA) market size (value, capacity, production and consumption) in key regions like United States, Europe, Asia Pacific (China, Japan) and other regions.
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