Hot Melt Adhesives Market Share, Size, Forecast and Trends by 2029

Market Overview
The Global Hot Melt Adhesives Market is expected to grow at a high CAGR of 5% during the forecasting period (2022-2029).

Hot melt adhesive (HMA) is a thermoplastic that is typically used as a glue gun and applied in a molten state. As it cools, it solidifies and forms a bond between the objects. Moreover, HMA's are used to bond paper, cards in packaging, bookbinding, wooden furniture, and fabrics.
Adhesives have a huge scope in the disposable sector. In addition, disposables application will cross an income of USD YY million by 2029 because of environmental awareness, which moves the world toward cleanliness and is expected to have a linear increase in the growth of hot melt adhesive in terms of child diapers and other clinical disposables items.

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Market Dynamic
The hot melt adhesive market size is attributable to the blossoming interest across car creation, gadgets bundling, footwear, and other applications. Moreover, in the world, the bundling business has developed quickly is and inferable from the higher utilization of customer hardware and way-of-life items.

Moreover, the hot melt adhesive market in the footwear industry picks up high centrality by its wide usage in-game shoes with the two essential HMAs (polyesters and polyamides) applied for shoe sewing, and parts preparation(heels) as they give phenomenal holding particularity. In addition, the hot melt adhesive market from footwear applications is projected to record a consistent development bend in the years ahead at a CAGR of YY% more than 2022-2029.

Additionally, Technion Israel Institute of Technology and Boston Children's Hospital specialists have built up a heated glue firearm to follow torn human tissues together. Most genuine wounds are at present treated with staples and join that have numerous downsides. They are agonizing, leave scars, require high ability from the specialist, and in some cases must be eliminated after the tissues recuperate.

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Market Segmentation
By Product Type
• Glue guns
• Sprayable adhesives
By Material Type
• Ethylene-vinyl acetate
• Thermoplastic rubber
• Polyolefin
• Polyamide
By Application Type
• Furniture
• Packaging
• Textile
• Automotive

Competitive Landscape
The hot melt adhesive market is a moderated fragmented with the presence of global and regional players. The competitive edge lies in the increase in the regional company and growing investment in upstream applications. Henkel, 3M Company, Bostik, Dow Chemical, and Jowat, Sika, AG. Arkema Group, Z.B. Fuller Company, Sika AG, and Avery Dennison Corporation are the major player in hot melt adhesive. Among all, Henkel, 3M Company, Bostik, Dow Chemical, and Jowat hold most of the shares in the market and improve their product portfolio by bringing a greater number of bio-based products.

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