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Hotmelt Adhesives Market is anticipated to reach USD 15 Billion by 2026 | Growing at CAGR of 6.7% from 2020-2026 | Henkel, H. B. Fuller, Bostik Inc, 3M Company

05-27-2021 02:56 PM CET | Science & Education

Press release from: Supply Demand Market Research

Hotmelt Adhesives Market is anticipated to reach USD 15 Billion

Supply Demand Market Research announces that the Global Hotmelt Adhesives Market is anticipated to reach USD 15 Billion by 2026, growing at CAGR of 6.7% from 2020-2026. Hot melt adhesives are increasingly gaining popularity because of their fast-setting speed, relatively low cost (materials and processing), and low environmental impact.

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Packaging is the largest end-user segment for hot melt adhesive in 2020

In 2020, Packaging was the largest end-user segment for hot melt adhesives, followed by the non-rigid bonding segment. Polyurethane, EVA-based, and pressure-sensitive hot melt adhesives are the most commonly used and are expected to see encouraging growth in the coming years. Hot melts are 100% solid systems that find primary application in packaging/converting, woodworking/joinery and other product assembly adhesives. The demand for this technology is growing at a rate higher than the industry average.

Hot Melt Adhesives Company Coverage (Company Profile, Sales Revenue, Price, Gross Margin, Main Products etc.):

Henkel
B. Fuller
Bostik Inc
3M Company
Beardow & ADAMS
Jowat
Avery Dennison
DOW Corning
Kleiberit
Sika AG
TEX YEAR INDUSTRIES
Nanpao
Tianyang
Renhe
CherngTay Technology
Zhejiang Good
Huate

This company profiles includes the major growth strategies adopted by the companies in the global hot melt adhesives. The major strategies identified are new product launch, agreements and collaborations, mergers and acquisitions, expansion. The global hot melt adhesives market is highly competitive and fairly concentrated. The current scenario in the global hot melt adhesives market is dominated by a few major players i.e., Henkel, H. B. Fuller, Bostik Inc

3M Company, Beardow & ADAMS, Jowat, Avery Dennison, DOW Corning, Kleiberit

Sika AG, TEX YEAR INDUSTRIES, Nanpao, Tianyang, Renhe, CherngTay Technology, Zhejiang Good, Huate, and Others.

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Hot Melt Adhesives Product Type Coverage (Market Size & Estimates Forecast-2020-2026

EVA HMA
POE HMA
SBS HMA
SIS HMA
SEBS HMA
PU HMA
APAO HMA
Polyamide HMA
Polyimide HMA
Others
Others

The hot melt adhesives are defined as adhesives that melt and flow on application of heat and solidify on cooling to give a strong adhesion. The defining component of the hot melt and the basis by which it is segmented is the polymer, the most commonly used being polyamides, polyesters, ethylene-vinyl acetates, polyurethanes, and various block copolymers.

Hot Melt Adhesives Application Coverage (Market Size & Estimates Forecast-2020-2026

Paper packaging
Bookbinding
Label & Tape
Hygiene
Transportation
Construction
Woodworking
Textile / Footwear
Others

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Asia Pacific captured the highest market share in 2020

The Asia-Pacific region is the largest consumer of adhesives and sealants in the world. This region will continue to dominate the market, because of its strong, growing middle class, the entire region is a significant market for end markets that use adhesives and sealants, including packaging, construction and transportation. Japan, Australia, and South Korea are the most developed countries in the Asia-Pacific region and have mature growth outlooks.

Contact Us:

SUPPLY DEMAND MARKET RESEARCH

Mr. Charles Lee

302-20 Misssisauga Valley Blvd, Missisauga,

L5A 3S1, Toronto, Canada

Phone Number: +12764775910

Email- info@supplydemandmarketresearch.com

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