The latest report by IMARC Group, titled “Hot Melt Adhesive Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032“, The global hot melt adhesive market size reached US$ 7.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 11.8 Billion by 2032, exhibiting a growth rate (CAGR) of 4.4% during 2024-2032.
Hot melt adhesives consist of thermoplastic polymers that typically appear as solid formulations. These adhesives remain solid at normal temperatures but turn into liquids when heated above their softening point. They solidify on cooling and form a strong bond. They are manufactured by blending thermoplastics with waxes, fillers, resins, plasticizers, and antioxidants. They can be applied through several methods, including extrusion, melt blowing, screen printing, spiral spraying, and slot die coating. They can instantly bond with various materials, such as ceramics, glass, metal, paper, plastics, rubber, and wood, as compared to other adhesives. As a result, hot melt adhesives are extensively used in the automotive, construction, electronics, packaging, and textiles industries across the globe.
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Hot Melt Adhesive Market Trends and Drivers:
The global hot melt adhesive market is primarily driven by the rising product utilization in the textile sector to create durable bonds in moisture-resistant textiles pre-treated with hydrophobic polymers. Moreover, the escalating demand for hot melt adhesives in the packaging industry for assembling, sealing, and labeling corrugated boxes and paperboard cartons is positively influencing the market growth. Additionally, the shifting preferences toward sustainable and affordable corrugated packaging in the food and beverage sector has catalyzed market growth. Furthermore, the rising use of hot melt adhesives in the automotive industry for trunk lining, emblem attachment, seat assembly, and air filter attachments is contributing to the market growth. Other factors, including increasing demand for fully-assembled and laminated furniture, development of advanced product variants, and rapid infrastructural development, are also anticipated to create a positive market outlook.
Report Segmentation:
The report has segmented the market into the following categories:
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
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape with Key Player:
- 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.
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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