Hot Melt Adhesives Market Survey on Developing Application 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

𝐕𝐢𝐞𝐰 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 @ https://www.transparencymarketresearch.com/hot-melt-adhesives-market.html

𝐀𝐧𝐚𝐥𝐲𝐬𝐭𝐬' 𝐕𝐢𝐞𝐰𝐩𝐨𝐢𝐧𝐭 𝐨𝐧 𝐇𝐨𝐭 𝐌𝐞𝐥𝐭 𝐀𝐝𝐡𝐞𝐬𝐢𝐯𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐜𝐞𝐧𝐚𝐫𝐢𝐨

Companies in the hot melt adhesives market are focusing on high-growth industries such as packaging, construction, and non-woven/hygiene to keep their business growing after the COVID-19. Hot melt adhesives are widely used in the production of packaging materials, which are needed for ready-to-eat products. An increase in the usage of hot melt adhesives in various conventional and niche applications is broadening their scope for high product sales among new end-use industries. As a result, a wide range of unique properties is expected to boost the demand for hot melt adhesives during the forecast period. Companies are considering capacity expansion in anticipation of a rapid increase in demand for hot melt adhesives in packaging as well as non-woven/hygiene industries throughout the assessment tenure, as both these industries are projected to grow rapidly during the forecast period.

𝐆𝐞𝐭 𝐏𝐃𝐅 𝐬𝐚𝐦𝐩𝐥𝐞 𝐟𝐨𝐫 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐚𝐧𝐝 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐈𝐧𝐭𝐞𝐥𝐥𝐢𝐠𝐞𝐧𝐜𝐞 @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=8488

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.

𝐄𝐧𝐪𝐮𝐢𝐫𝐲 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 @ https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&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.

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.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 @ https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=8488

Each of these players has been profiled in the hot melt adhesives market report based on parameters such as company overview, financial overview, business strategies, product portfolio, business segments, and recent developments.

𝐀𝐛𝐨𝐮𝐭 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

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.

Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.

𝐂𝐨𝐧𝐭𝐚𝐜𝐭:

Rohit Bhisey
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com/

This release was published on openPR.