Hot Melt Adhesive Market Report, Size, Share, Growth, Trends and Forecast 2027

According to IMARC Group's latest report, titled "Hot Melt Adhesive Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the global hot melt adhesive market size reached US$ 7.1 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 9.7 Billion by 2027, exhibiting a growth rate (CAGR) of 5.5% during 2022-2027.

Hot melt adhesives refer to thermoplastic adhesives that are commonly non-volatile in nature. They are solid formulations under normal temperatures but turn into liquids upon being heated above their softening point. They are commonly manufactured by blending thermoplastics with waxes, plasticizers, fillers, resins, and antioxidants, with the help of numerous processes, such as extrusion, screen printing, melt blowing, spiral spraying, and slot die coating. They are widely used to form instantaneous bonds and minimize product weight while enhancing the overall product appearance. As a result, they find extensive applications across numerous industry verticals, including textile, packaging, automotive, and consumer electronics.

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Market Trends

The global market is majorly driven by considerable growth in the textile sector. Hot melt adhesives are widely used in the sector for forging durable bonds in moisture-resistant textiles that are generally pre-treated with hydrophobic polymers. Moreover, the increasing utilization of these adhesives in the packaging industry for assembling, sealing, and labeling corrugated boxes and paperboard cartons is also providing an impetus to the market growth. This is further supported by the growing preference for corrugated packaging across the food and beverages industry since they are sustainable and affordable in nature. Furthermore, these adhesives are increasingly being used in the automotive industry for trunk lining, emblem attachment, seat assembly, and air filter attachments. Significant growth in the automotive sector is creating a positive outlook for the market. Some of the other factors contributing to the market include the rising demand for fully-assembled and laminated furniture and the launch of advanced product variants that offer high heat resistance, UV protection, and excellent binding strength.

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List of Key Companies Covered in this Market Report:

3M Company, Arkema S.A.
Ashland Global Holdings Inc.
Avery Dennison Corporation
Beardow & Adams Ltd.
Dow Inc.
H.B. Fuller Company
Henkel AG & Co. KGaA
Jowat SE
Paramelt B.V.
Sika AG
Wacker Chemie AG.

The report has segmented the market on the basis of resin type, application, product form and geography.

Breakup by Resin Type:

Ethylene Vinyl Acetate (EVA)
Styrenic Block Copolymers (SBC)
Mettalocene Polyolefin (MPO)
Amorphous Polyalphaolefins (APAO)
Polyolefins
Polyamides
Polyurethane (PU)
Others

Breakup by Application:

Packaging
Automotive
Printing and Publishing
Furnitures and Woodwork
Textiles
Electronics
Construction
Others

Breakup by Product Form:

Pellets
Blocks
Glue Sticks
Others

Breakup by Geography:

North America (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
Latin America (Brazil, Mexico)
Middle East & Africa

Key highlights of the report:

Market Performance (2016-2021)
Market Outlook (2022- 2027)
Porter's Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape

Note: We are in the process of updating our reports. If you want to receive the latest research data covering the time period from 2023 to 2028, along with industry trends, market size, and competitive analysis, click on the request sample report. The team would be able to deliver the latest version of the report in a quick turnaround time.

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

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