Press release
Hot Melt Adhesives Market Size, Share, Growth and Trends, Report 2024-2031
Hot Melt Adhesives Market || 2024-2031
Hot melt adhesives (HMAs) offer strong adhesion to a diverse array of materials and surfaces such as fabric, paper, porcelain, metal, cardboard, and plastics, making them highly suitable for DIY applications. In October 2020, Pidilite Industries Ltd. acquired Huntsman Group's Indian subsidiary, Huntsman Advanced Materials Solutions Private Limited, for US$ 257 million. This strategic acquisition allows Pidilite to expand its product portfolio in the DIY consumer adhesives market and capitalize on market growth opportunities.
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Market Dynamics:
Growing Demand for Paper Packaging
The rapid growth of e-commerce has significantly boosted the demand for packaging materials, with hot melt adhesives playing a key role in packaging applications such as carton sealing, labeling, and assembly due to their strong and fast bonding capabilities. In 2023, the German packaging industry is projected to generate approximately US$ 37.94 billion in sales, up from US$ 32.09 billion the previous year, according to Statistisches Bundesamt. Additionally, China has maintained its position as the world's largest producer of paper packaging and cardboard since 2008. A survey by the China Paper Association reveals that in 2023, there were 2,500 paper and paperboard manufacturing companies in China, producing a total of 129.65 million tons of paper and paperboard, marking a 4.35% increase from the previous year.
Segment Covered in the Hot Melt Adhesives Market:
By Product: Glue Guns, Sprayable Adhesives, Others.
By Material: Ethylene-vinyl acetate, Thermoplastic rubber, Polyolefin, Polyamide, Others.
By Application: Packaging, Assembly, Woodworking, Automotive, Nonwovens, Others.
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Key players involved in Hot Melt Adhesives Market:
• Henkel AG & Co. KGaA
• H.B. Fuller Company
• Dow
• Sika AG
• Jowat SE
• Arkema Group
• Ashland
• 3M
• Avery Dennison Corporation
• Beardow Adams
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Chemical Tankers Market: https://www.datamintelligence.com/research-report/chemical-tankers-market
Marine Sealants Market: https://www.datamintelligence.com/research-report/marine-sealants-market
Regional Analysis:
The Hot Melt Adhesives Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Hot Melt Adhesives Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.
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DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
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