Press release
Hot Melt Adhesives Market to Develop Rapidly by 2031
The global hot melt adhesives market was valued at US$ 12.1 Bn in 2021
It is estimated to grow at a CAGR of 8.7% from 2022 to 2031
The global hot melt adhesives market is expected to cross US$ 25.6 Bn by the end of 2031
๐๐๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ -https://www.transparencymarketresearch.com/hot-melt-adhesives-market.html
๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ ๐จ๐ ๐๐จ๐ญ ๐๐๐ฅ๐ญ ๐๐๐ก๐๐ฌ๐ข๐ฏ๐๐ฌ ๐๐๐ซ๐ค๐๐ญ
Hot melt adhesive is defined as an adhesive system that is thermally melted and develops cohesion through cooling. Akin to all adhesives, hot melt adhesive is composed of one or more polymers as well as additives such as pigments and stabilizers.
Hot melt adhesives are multicomponent systems that can combine various polymers and additives. They are applied using an electric hot glue gun. The hot glue gun has a loading compartment, where hot melt adhesives (HMA) are heated to their melting point.
Hot melt adhesives are thermoplastic adhesives that are solid at room temperature, but melt and turn to liquid when heated for application to an adherent. Prominent applications of hot melt adhesives include packaging, construction, non-woven, bookbinding and paper binding, furniture, footwear, and electronics. Hot melt adhesives can be classified into polyester hot melt adhesives and reactive hot melt adhesives.
๐๐๐ญ ๐๐๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ซ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐๐ง๐ ๐๐ฎ๐ฌ๐ข๐ง๐๐ฌ๐ฌ ๐๐ง๐ญ๐๐ฅ๐ฅ๐ข๐ ๐๐ง๐๐ -https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=8488
Polyester hot melt adhesives refer to thermoplastic adhesives that are non-volatile in nature. They are commonly found in a solid state at room temperatures and can be liquefied upon heating. Polyester hot melt adhesives are widely used to form instantaneous bonds and reduce product weight while improving the overall product appearance.
Reactive hot melt adhesives are high-performance hot melt materials that crosslink within the polymer matrix, and yield a temperature-resistant bond line. Reactive hot melt adhesives have high adhesion to a wide range of materials, including metals, plastics, glass, thermoplastic polyolefin (TPO), fabric, and leather.
The global hot melt adhesives market is estimated to grow, owing to favorable properties of hot melt adhesives, specifically for industries such as packaging, construction, and non-woven/hygiene. This is evident since hot melt adhesives offer more benefits than conventional adhesives, making them a popular choice among end-users.
๐๐๐ฉ๐ข๐ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ ๐จ๐ ๐๐จ๐ง-๐ฐ๐จ๐ฏ๐๐ง ๐๐ฒ๐ ๐ข๐๐ง๐ ๐๐ซ๐จ๐๐ฎ๐๐ญ๐ฌ ๐๐จ๐ซ ๐๐๐๐ฅ๐ญ๐ก๐๐๐ซ๐ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐ญ๐จ ๐ ๐๐ฏ๐จ๐ซ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐จ๐ฐ๐ญ๐ก
Hot melt adhesives are used in the production of disposable non-woven hygiene products such as baby diapers (nappies), feminine care products, adult incontinence products, medical dressings, hospital bed pads, and surgical drapes.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง -https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=8488
Increase in demand for hot melt adhesives for non-woven hygiene products in the healthcare industry is anticipated to drive the market in the near future. Advantages of hot melt adhesives over other alternatives, such as high resistance to acids & solvents and cost-effectiveness, are also anticipated to boost the hot melt adhesives market in the near future.
The rise in aging population and advancements in medical procedures are boosting the demand for hot melt adhesives for hygiene products. Improvements in standard of living and increase in per capita income in developing countries such as India, China, Indonesia, Taiwan, and Malaysia are driving the demand for non-woven hygiene products. This, in turn, is augmenting the hot melt adhesives market.
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ฎ๐ญ๐ฅ๐จ๐จ๐ค ๐จ๐ ๐๐ฅ๐จ๐๐๐ฅ ๐๐จ๐ญ ๐๐๐ฅ๐ญ ๐๐๐ก๐๐ฌ๐ข๐ฏ๐๐ฌ ๐๐๐ซ๐ค๐๐ญ
The Asia Pacific region held the largest volume share of more than 47% of the global hot melt adhesives market in 2021. Growth of packaging and healthcare industries in countries such as China, India, Japan, & South Korea is boosting the consumption of hot melt adhesives in the region. An increase in purchasing power in China, India, Japan, and South Korea, along with changing consumption patterns has resulted in more diversified, sophisticated, single-serve pack sizes for various end-use products. Product standards and expectations are less stringent in China. Firms are also investing more in this space due to the availability of low-cost raw materials, abundant labor force, and less stringent regulations.
In terms of volume, North America and Europe are also major regions of the hot melt adhesives market. These regions accounted for 25% and 22.1% value share, respectively, of the global market in 2021. The implementation of stringent environmental laws on materials with high volatile organic compound (VOC) content is expected to drive the demand for hot melt adhesives in Europe and North America.
Latin America is a larger market for hot melt adhesives than Middle East & Africa. However, the market in Middle East & Africa is likely to mature at a faster growth rate during the forecast period. Companies in the Middle East & Africa are diversifying their business for hot melt adhesives in profile-wrapping, product assembly, and laminating applications in the woodworking industry.
๐๐๐ค๐ ๐๐ง ๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ -https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=8488
๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐จ๐ ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐ข๐ง ๐๐จ๐ญ ๐๐๐ฅ๐ญ ๐๐๐ก๐๐ฌ๐ข๐ฏ๐๐ฌ ๐๐๐ซ๐ค๐๐ญ
The global hot melt adhesives market is highly consolidated, with a small number of large-scale vendors controlling majority of the share. Most companies are investing significantly in comprehensive R&D activities, primarily to create environment-friendly products. Diversification of product portfolios and mergers & acquisitions are the key strategies adopted by prominent players. Henkel AG & Co. KGaA, 3M, Avery Dennison Corporation, H. B. Fuller Company, Jowat SE, DowDupont, Sika AG, Hexcel Corporation, Toyobo Co. Ltd, and Heartland Adhesives LLC are the key entities operating in this market.
๐๐๐จ๐ฎ๐ญ ๐๐ซ๐๐ง๐ฌ๐ฉ๐๐ซ๐๐ง๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
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๐๐จ๐ง๐ญ๐๐๐ญ
Rohit Bhisey
Transparency Market Research Inc.
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