Hot Melt Adhesives Market to reach USD 12.63 Bn by 2029, emerging at a CAGR of 4.8 percent and forecast 2023-2029

Hot Melt Adhesives Market Report Scope and Research Methodology

Maximize Market Research Pvt Ltd, a leading market research firm, has released its latest report on the Hot Melt Adhesives Market. The market size for Hot Melt Adhesives was valued at USD 9.09 Bn in 2022, with a projected revenue growth at a CAGR of 4.8% from 2023 to 2029, reaching nearly USD 12.63 Bn.

Hot melt adhesive (HMA), commonly known as hot glue, is a type of thermoplastic adhesive applied using a hot glue gun. These adhesives find extensive applications across various industrial sectors including automotive, construction, packaging, furniture, and non-woven/hygiene products.

The report utilizes a comprehensive research methodology, including primary and secondary research, to provide accurate insights into the Hot Melt Adhesives Market. The research process involves data collection, analysis, and validation from industry experts and stakeholders.

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Hot Melt Adhesives Market Dynamics:

The rising demand for polyurethane stands out as a primary driver fueling the increased consumption of polymer-based Hot Melt Adhesives (HMAs). Polyurethane, characterized by its low-volatile organic composition, serves as a fundamental material in HMA production. Notably, polyurethane adhesives excel in bonding non-porous materials such as metal and wood, making them indispensable in applications like bookbinding, shoemaking, and product packaging. Their exceptional strength, rapid setting time, and durability render them ideal for various woodworking tasks, including finish carpentry, furniture repair, and laminate countertops. Moreover, polyurethane HMAs form firm, permanent bonds with the bonded objects, ensuring reliable adhesion across diverse applications. These adhesives possess the unique ability to absorb moisture from substrates and the environment, contributing to tighter bonds compared to other adhesive types, including water-based formulations. Importantly, polyurethane adhesives can be applied using conventional methods like glue guns, allowing operators to maintain high standards without the need for extensive procedural changes or equipment upgrades.

Hot Melt Adhesives Market Regional Insights:

The Asia-Pacific region emerged as the frontrunner in the Hot Melt Adhesives market, commanding the largest revenue share of approximately 43% in 2022, a trend expected to persist throughout the forecast period. This dominance is fueled by several factors, including the region's burgeoning e-commerce landscape and escalating demand for nonwoven materials. The competitive nature of the market in Asia-Pacific has paved the way for additional opportunities, further augmenting customer demand for hot melt adhesive products.

Furthermore, the rapid expansion of packaging and pharmaceutical industries in countries such as China, India, Japan, and South Korea has significantly contributed to the escalating consumption of hot-melt adhesives across the region. These nations have witnessed substantial growth in the fast-moving consumer goods (FMCG) sector, primarily propelled by increased spending on premium and healthier products by the burgeoning middle-class population.

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Hot Melt Adhesives Market Segmentation:

by Product

Ethylene-vinyl Acetate (EVA)
Polyurethane
Rubber
Polyolefin
Others

by Application

Packaging
Bookbinding
Assembly
Woodworking
Automotive
Nonwovens
Others

by Type

Polyamide
EVA (Ethylene-Vinyl Acetate)
SBC (Styrenic Block Copolymers)
PU (Polyurethane)
APAO (Amorphous Poly-Alpha olefin & POE (Polyolefin Elastomers)
Others

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Hot Melt Adhesives Market Key Players:

1. Henkel &Co. KGaA
2. Jowat SE
3. Sika AG
4. 3M Company
5. Bostik Inc.
6. Avery Dennison Corporation
7. H.B. Fuller Company
8. Arkema Group
9. Westlake Chemical Corporation
10.Beardow& Adams (Adhesives) Limited.
11.DowDuPont Inc.
12.Arkema Group
13.Ashland
14.Delo Industrial Adhesives
15.BASF SE
16.Huntsman International LLC
17.RPM International Inc.
18.Evonik Industries AG
19.Westlake Chemical Corporation

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Table of content for the Hot Melt Adhesives Market includes:

1. Global Hot Melt Adhesives Market: Research Methodology

2. Global Hot Melt Adhesives Market: Executive Summary

• Market Overview and Definitions
• Introduction to the Global Market
• Summary
• Key Findings
• Recommendations for Investors
• Recommendations for Market Leaders
• Recommendations for New Market Entry

3.Global Hot Melt Adhesives Market: Competitive Analysis

• MMR Competition Matrix
• Market Structure by region
• Competitive Benchmarking of Key Players
• Consolidation in the Market
• M&A by region
• Key Developments by Companies
• Market Drivers
• Market Restraints
• Market Opportunities
• Market Challenges
• Market Dynamics
• PORTERS Five Forces Analysis
• PESTLE
• Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
• COVID-19 Impact

4 . Company Profile: Key players

• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments

Key Offerings:

• Past Market Size and Competitive Landscape (2022 to 2029)
• Past Pricing and price curve by region (2022 to 2029)
• Market Size, Share, Size and Forecast by different segment | 2022-2029
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation - A detailed analysis by growth and trend
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
• Competitive landscape - Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations

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