Hot Melt Adhesives Market to Develop Rapidly by 2031

𝐇𝐨𝐭 𝐌𝐞𝐥𝐭 𝐀𝐝𝐡𝐞𝐬𝐢𝐯𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐮𝐭𝐥𝐨𝐨𝐤 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
𝐑𝐞𝐚𝐝 𝐑𝐞𝐩𝐨𝐫𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰 -https://www.transparencymarketresearch.com/hot-melt-adhesives-market.html

𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰 𝐨𝐟 𝐇𝐨𝐭 𝐌𝐞𝐥𝐭 𝐀𝐝𝐡𝐞𝐬𝐢𝐯𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭

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.

𝐆𝐞𝐭 𝐏𝐃𝐅 𝐬𝐚𝐦𝐩𝐥𝐞 𝐟𝐨𝐫 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐚𝐧𝐝 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐈𝐧𝐭𝐞𝐥𝐥𝐢𝐠𝐞𝐧𝐜𝐞 -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.

𝐑𝐚𝐩𝐢𝐝 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭 𝐨𝐟 𝐍𝐨𝐧-𝐰𝐨𝐯𝐞𝐧 𝐇𝐲𝐠𝐢𝐞𝐧𝐞 𝐏𝐫𝐨𝐝𝐮𝐜𝐭𝐬 𝐟𝐨𝐫 𝐇𝐞𝐚𝐥𝐭𝐡𝐜𝐚𝐫𝐞 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐭𝐨 𝐅𝐚𝐯𝐨𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐫𝐨𝐰𝐭𝐡

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.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 -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.

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐎𝐮𝐭𝐥𝐨𝐨𝐤 𝐨𝐟 𝐆𝐥𝐨𝐛𝐚𝐥 𝐇𝐨𝐭 𝐌𝐞𝐥𝐭 𝐀𝐝𝐡𝐞𝐬𝐢𝐯𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭

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.

𝐌𝐚𝐤𝐞 𝐚𝐧 𝐄𝐧𝐪𝐮𝐢𝐫𝐲 𝐛𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 -https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=8488

𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐨𝐟 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐢𝐧 𝐇𝐨𝐭 𝐌𝐞𝐥𝐭 𝐀𝐝𝐡𝐞𝐬𝐢𝐯𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭

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.

𝐀𝐛𝐨𝐮𝐭 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

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𝐂𝐨𝐧𝐭𝐚𝐜𝐭

Rohit Bhisey
Transparency Market Research Inc.
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