Hot Melt Adhesives Market Research Report- Forecast to 2027

Hot Melt Adhesives Market Information- by Type (Ethylene Vinyl Acetate, Polyolefin, Polyamide, Polypropylene and Polyurethane), by Application (Food Packaging, Buildings & Construction, Wood Working, Carton-Sealing, General Consumer Packaging, Electronics and Others) - Forecast till 2027

ID: MRFR/CnM/3219-HCR | February 2021 | Region: Global | 136 pages

Hot Melt Adhesives Market Synopsis:


The Hot Melt Adhesives Market is estimated to reach USD 13.1 billion by 2027 at a CAGR of 5.95% from 2020 - 2027.


Hot melt adhesives are widely used to promote a flexible and strong bond within the materials. Generally, hot melt adhesives are a combination of solvent-free compounds. These are found as thermoplastic in nature and solids at room temperature. To give the perfect finish, these adhesives are first used to melt and then cooled for some time, and next is applied on the surface. Moreover, the hot melt adhesives are growing its popularity across various regions as it offers environmental compatibility, good thermal stability and resistance, safe storage and efficient storage. Further, hot melt adhesives are widely used in various applications such as woodworking, carton-sealing, food packaging, building & construction, and many others.


The hot melt adhesives market is classified into two segments such as application and types. The global market is segmented into polyolefin hot melts and ethylene-vinyl acetate based on the type segment. Out of these two types of segments, polyolefin hot melts are a combination of tackifiers and base resins. The polyolefin hot melt is growing its demand, and it is expected to increase in the appliance industry. It is growing because it is providing exceptional solutions, including alcohols, acids, and bases, resistance to polar solvents, and the ability to resist water vapor and moisture. Moreover, these adhesives are widely used in hard bonding of materials like plastic hoses bonding and dryer drums bonding. On the other hand, the ethylene-vinyl acetate type segment is predicted to generate a higher market share for the hot melt adhesives market due to the increasing use in electronics, food packaging, and construction. Along with that, the ethylene-vinyl acetate type segment is increasing its demand with its end-use industries and increasing hot melt adhesives demand. The ethylene-vinyl acetate segment is predicted to dominate the global market in the coming years because of its reliable and eco-friendly nature. Apart from that, the hot melt adhesives market’s applications segment is segmented into woodworking, carton-sealing, food packaging, buildings & construction, and many others. Out of these, the packaging application segment is predicted to dominate the global market and contribute to the hot melt adhesives market size during the forecast period of 2017 to 2023.    


The hot melt adhesives market report highlights the increasing growth of the global market, and further, it gas predicted to increase its hot melt adhesives market size in the forecast period. The increasing wide range of applications is likely to boost the global market in the forecast period. Moreover, the high demand for HMAs in different DIY applications is expected to enhance the global market demand. The hot melt adhesives market is also driving its growth due to the growing replacement of other adhesive technologies by HMAs. Apart from that, the global market is bringing more opportunities with its nonwoven applications and booming packaging in Asia-Pacific. Moreover, the increasing HMAs usages in road marking application are bringing more opportunities for the manufacturers. However, the difficulty in the usage of hard-to-bond substances might bring more challenges to the hot melt adhesives market. And the untimely COVID-19 pandemic is one of the major challenges for the global market as it has lost its investors and production works. But the continuous efforts of the global key players were immensely growing the business and predicted to achieve the market share for the forecast period.


Covid-19 analysis


The covid-19 pandemic has affected many businesses and organizations. The implementation of social distancing guidelines and the global lockdown have affected many marketing sectors, and the hot melt adhesives market is one among them. The untimely COVID-19 pandemic is one of the major challenges for the global market as it has lost its investors and production works.


Therefore, the global hot melt adhesives market report explains that the continuous efforts of the global key players are immensely growing the business and predict to achieve the market share for the forecast period.


Competitive Analysis


In the market, some top key players are:



  • Henkel AG & Co. KGaA (Germany),

  • Huntsman International LLC. (U.S.A.), 

  • Arkema (France),

  • The 3M Company (U.S.A),

  • Dow Corning Corporation (U.S.A.), 

  • B. Fuller Company(U.S.A), 

  • Sika AG (Switzerland),

  • RPM International Inc. (U.S.A.),

  • The Dow Chemical Company ( U.S.A.)


Market Dynamics



  • Major Drivers of the Market


The increasing wide range of applications is likely to boost the global market in the forecast period. Moreover, the high demand for HMAs in different DIY applications is expected to enhance the global market demand. The hot melt adhesive market is also driving its growth due to the growing replacement of other adhesive technologies by HMAs.


As a result, the hot melt adhesive market has increased its demand across various regions due to the development of acquisitions, new products, and agreements by the global key players.



  • Growth opportunities for the market


The global hot melt adhesive market is bringing more opportunities with its nonwoven applications and booming packaging in Asia-Pacific. Moreover, the increasing HMAs usages in road marking application are bringing more opportunities for the manufacturers.


Therefore, the global hot melt adhesives market report explains that the continuous efforts of the global key players are immensely growing the business and predict to achieve the market share for the forecast period.



  • Restraints of Global Market


The global hot melt adhesives market is increasing wide range of applications and the increasing HMAs usages, which is bringing higher opportunities to the hot melt adhesives market. Here, the requirement of the high initial investment might be the major restraints for the global market.


Another restraint is the COVID-19 pandemic because it has lost its investors and production works. In the present scenario, the global hot melt adhesives market implies various strategies to increase the hot melt adhesive suppliers and further increase the demand for the forecast period.



  • Challenges for the global market


The difficulty in the usage of hard-to-bond substances might bring more challenges to the global hot melt adhesives market. Along with that, the untimely COVID-19 pandemic is one of the major challenges for the global market as it has lost its investors and production works.


The global hot melt adhesives market report explains that the continuous efforts of the global key players to face these challenges are predicted to grow the business and to achieve the market share for the forecast period.



  • Cumulative Growth Analysis


The packaging application segment is predicted to dominate the global market and contribute to the hot melt adhesives market size during the forecast period of 2017 to 2023.   


Hence, the global market players are giving their 100% to thrive the global demand across various regions. Also, the global market is developing its hot melt adhesive suppliers.


Market segmentation Overview



  • By Type:


Based on the type segment, the hot melt adhesives market is classified into two types: polyolefin hot melts and ethylene vinyl acetate. Out of these two types of segments, polyolefin hot melts are a combination of tackifiers and base resins. The polyolefin hot melt is growing its demand, and it is expected to increase in the appliance industry. It is growing because it is providing exceptional solutions, including alcohols, acids, and bases, resistance to polar solvents, and the ability to resist water vapor and moisture. Moreover, these adhesives are widely used in hard bonding of materials like plastic hoses bonding and dryer drums bonding.


On the other hand, the ethylene-vinyl acetate type segment is predicted to generate a higher market share for the hot melt adhesives market due to the increasing use in electronics, food packaging, and construction. Along with that, the ethylene-vinyl acetate type segment is increasing its demand with its end-use industries and increasing hot melt adhesives demand. The ethylene-vinyl acetate segment is predicted to dominate the global hot melt adhesives market in the coming years because of its reliable and eco-friendly nature.



  • By Applications:


The hot melt adhesives market is classified into woodworking, carton-sealing, food packaging, buildings & construction, and many others.


Out of these, the packaging application segment is predicted to dominate the global hot melt adhesives market and contribute the largest share during the forecast period of 2017 to 2023.    


Regional Analysis


Based on the regional classification, the hot melt adhesives market has been classified into various regions such as Europe, Latin America, Asia Pacific, North America, and the Middle East & Africa.


Regionally, Asia Pacific Region is predicted to generate the highest CAGR for the forecast period. The global hot melt adhesives market is increasing usage in end-use industries like electronics, woodworking, and general consumer packaging in this region.


These key players are playing an important role in developing the hot melt adhesives market. They are adopting advanced methods to improve the global market demand and increase the hot melt adhesive suppliers.


Recent developments



  • In 2016, the packaging solutions application was predicted to dominate the global hot melt adhesives market and contribute the largest share during the forecast period of 2017 to 2023.


Report Overview


The hot melt adhesives market report highlights the increasing growth of the global market, and further, it gas predicted to increase its hot melt adhesives market size in the forecast period. The report has given the focus on the COVID-19 analysis, market overview, market segmentation, regional analysis, recent developments, and competitive analysis. The report explains that the increasingly wide range of applications is likely to boost the global market in the forecast period. Moreover, the high demand for HMAs in different DIY applications is expected to enhance the global market demand. The hot melt adhesives market is also driving its growth due to the growing replacement of other adhesive technologies by HMAs.


Apart from that, the global market is bringing more opportunities with its nonwoven applications and booming packaging in Asia-Pacific. Moreover, the increasing HMAs usages in road marking application are bringing more opportunities for the manufacturers. However, the difficulty in the usage of hard-to-bond substances might bring more challenges to the hot melt adhesives market. And the untimely COVID-19 pandemic is one of the major challenges for the global market as it has lost its investors and production works. But the continuous efforts of the global key players were immensely growing the business and predicted to achieve the market share for the forecast period.


Segmental Table:


By Types



  • Polyolefin hot melts

  • Ethylene-vinyl acetate


By Applications:



  • Woodworking,

  • Carton- sealing,

  • Food packaging,

  • Buildings & construction,

  • Others



Report Scope:
Report Attribute/Metric Details
  Market Size   2027: USD 13.1 Billion
  CAGR   5.95% (2020-2027)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Type and Application
  Geographies Covered   Asia Pacific, North America, Europe, Latin America and the Middle East & Africa
  Key Vendors   3M Company (US), Arkema (France), Henkel AG & Co. KGaA (Germany), Dow Corning Corporation (US), Huntsman International LLC. (US), Sika AG (Switzerland), RPM International Inc. (US), The Dow Chemical Company(US), and H.B. Fuller Company(US)
  Key Market Opportunities   Its nonwoven applications and booming packaging in Asia-Pacific.
  Key Market Drivers   The increasing wide range of applications is likely to boost the global market


Frequently Asked Questions (FAQ) :


Ethylene vinyl acetate, polyolefin, polyamide, polypropylene and polyurethane are the main types of hot melt adhesives, majorly used in applications such as food buildings & construction, packaging, woodworks, carton-sealing, general consumer packaging, and electronics others

Ethylene vinyl acetate segment is expected to remain the strongest market share holder in the global hot melt adhesives market owing to their eco-friendly and reliable nature.

Europe holds the largest share in the global hot melt adhesives market followed by Asia Pacific and North America.

The 3M Company (US), Arkema (France), Henkel AG & Co. KGaA (Germany), Dow Corning Corporation (US), Huntsman International LLC. (US), Sika AG (Switzerland), RPM International Inc. (US), The Dow Chemical Company(US), and H.B. Fuller Company(US), are some of the leading players in the global hot melt adhesives market.

TABLE OF CONTENTS:

1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4 Market Landscape

4.1 Five Forces Analysis

4.1.1 Threat of New Entrants

4.1.2 Bargaining power of buyers

4.1.3 Threat of substitutes

4.1.4 Segment rivalry

4.2 Value Chain/Supply Chain of Global Hot Melt Adhesives Market

5 Industry Overview of Global Hot Melt Adhesives Market

5.1 Introduction

5.2 Growth Drivers

5.3 Impact analysis

5.4 Market Challenges

6 Market Trends

6.1 Introduction

6.2 Growth Trends

6.3 Impact analysis

7. Global Hot Melt Adhesives Market by Type

7.1 Introduction

7.2 Ethylene Vinyl Acetate

7.2.1 Market Estimates & Forecast, 2020-2027

7.2.2 Market Estimates & Forecast by Region, 2020-2027

7.3 Polyolefin

7.3.1 Market Estimates & Forecast, 2020-2027

7.3.2 Market Estimates & Forecast by Region, 2020-2027

7.4 Polyamide

7.4.1 Market Estimates & Forecast, 2020-2027

7.4.2 Market Estimates & Forecast by Region, 2020-2027

7.5 Polypropylene

7.5.1 Market Estimates & Forecast, 2020-2027

7.5.2 Market Estimates & Forecast by Region, 2020-2027

7.6 Polyurethane

7.6.1 Market Estimates & Forecast, 2020-2027

7.6.2 Market Estimates & Forecast by Region, 2020-2027

8. Global Hot Melt Adhesives Market by Application

8.1 Introduction

8.2 Food packaging

8.2.1 Market Estimates & Forecast, 2020-2027

8.2.2 Market Estimates & Forecast by Region, 2020-2027

8.3 Buildings and Construction

8.3.1 Market Estimates & Forecast, 2020-2027

8.3.2 Market Estimates & Forecast by Region, 2020-2027

8.4 Wood-working

8.4.1 Market Estimates & Forecast, 2020-2027

8.4.2 Market Estimates & Forecast by Region, 2020-2027

8.5 Carton Sealing

8.5.1 Market Estimates & Forecast, 2020-2027

8.5.2 Market Estimates & Forecast by Region, 2020-2027

8.6 Others

8.6.1 Market Estimates & Forecast, 2020-2027

8.6.2 Market Estimates & Forecast by Region, 2020-2027

10. Global Hot Melt Adhesives Market by Region

10.1 Introduction

10.2 North America

10.2.1 Market Estimates & Forecast, 2020-2027

10.2.2 Market Estimates & Forecast by Type, 2020-2027

10.2.3 Market Estimates & Forecast by Application, 2020-2027

10.2.4 US

10.2.4.1 Market Estimates & Forecast, 2020-2027

10.2.4.2 Market Estimates & Forecast by Type, 2020-2027

10.2.4.3 Market Estimates & Forecast by Application, 2020-2027

10.2.5 Canada

10.2.5.1 Market Estimates & Forecast, 2020-2027

10.2.5.2 Market Estimates & Forecast by Type, 2020-2027

10.2.5.3 Market Estimates & Forecast by Application, 2020-2027

10.2.6 Mexico

10.2.6.1 Market Estimates & Forecast, 2020-2027

10.2.6.2 Market Estimates & Forecast by Type, 2020-2027

10.2.6.3 Market Estimates & Forecast by Application, 2020-2027

10.3 Europe

10.3.1 Market Estimates & Forecast, 2020-2027

10.3.2 Market Estimates & Forecast by Type, 2020-2027

10.3.3 Market Estimates & Forecast by Application, 2020-2027

10.3.4 Germany

10.3.4.1 Market Estimates & Forecast, 2020-2027

10.3.4.2 Market Estimates & Forecast by Type, 2020-2027

10.3.4.3 Market Estimates & Forecast by Application, 2020-2027

10.3.5. France

10.3.5.1 Market Estimates & Forecast, 2020-2027

10.3.5.2 Market Estimates & Forecast by Type, 2020-2027

10.3.5.3 Market Estimates & Forecast by Application, 2020-2027

10.3.6 Italy

10.3.6.1 Market Estimates & Forecast, 2020-2027

10.3.6.2 Market Estimates & Forecast by Type, 2020-2027

10.3.6.3 Market Estimates & Forecast by Application, 2020-2027

10.3.7 UK

10.3.7.1 Market Estimates & Forecast, 2020-2027

10.3.7.2 Market Estimates & Forecast by Type, 2020-2027

10.3.7.3 Market Estimates & Forecast by Application, 2020-2027

10.4 Asia Pacific

10.4.1 Market Estimates & Forecast, 2020-2027

10.4.2 Market Estimates & Forecast by Type, 2020-2027

10.4.3 Market Estimates & Forecast by Application, 2020-2027

10.4.5 China

10.4.5.1 Market Estimates & Forecast, 2020-2027

10.4.5.2 Market Estimates & Forecast by Type, 2020-2027

10.4.5.3 Market Estimates & Forecast by Application, 2020-2027

10.4.6 India

10.4.6.1 Market Estimates & Forecast, 2020-2027

10.4.6.2 Market Estimates & Forecast by Type, 2020-2027

10.4.6.3 Market Estimates & Forecast by Application, 2020-2027

10.4.7 Japan

10.4.7.1 Market Estimates & Forecast, 2020-2027

10.4.7.2 Market Estimates & Forecast by Type, 2020-2027

10.4.5.3 Market Estimates & Forecast by Application, 2020-2027

10.4.8 Rest of Asia Pacific

10.4.8.1 Market Estimates & Forecast, 2020-2027

10.4.8.2 Market Estimates & Forecast by Type, 2020-2027

10.4.8.3 Market Estimates & Forecast by Application, 2020-2027

10.5 Middle East & Africa

10.5.1 Market Estimates & Forecast, 2020-2027

10.5.2 Market Estimates & Forecast by Type, 2020-2027

10.5.3 Market Estimates & Forecast by Application, 2020-2027

10.5.4 Saudi Arabia

10.5.4.1 Market Estimates & Forecast, 2020-2027

10.5.4.2 Market Estimates & Forecast by Type, 2020-2027

10.5.4.3 Market Estimates & Forecast by Application, 2020-2027

10.5.5 Qatar

10.5.5.1 Market Estimates & Forecast, 2020-2027

10.5.5.2 Market Estimates & Forecast by Type, 2020-2027

10.5.5.3 Market Estimates & Forecast by Application, 2020-2027

10.5.6 North Africa

10.5.6.1 Market Estimates & Forecast, 2020-2027

10.5.6.2 Market Estimates & Forecast by Type, 2020-2027

10.5.6.3 Market Estimates & Forecast by Application, 2020-2027

10.5.7 GCC

10.5.7.1 Market Estimates & Forecast, 2020-2027

10.5.7.2 Market Estimates & Forecast by Type, 2020-2027

10.5.7.3 Market Estimates & Forecast by Application, 2020-2027

10.5.8 Rest of Middle East & Africa

10.5.8.1 Market Estimates & Forecast, 2020-2027

10.5.8.2 Market Estimates & Forecast by Type, 2020-2027

10.5.8.3 Market Estimates & Forecast by Application, 2020-2027

10.6 Latin America

10.6.1 Market Estimates & Forecast, 2020-2027

10.6.2 Market Estimates & Forecast by Type, 2020-2027

10.6.3 Market Estimates & Forecast by Application, 2020-2027

10.6.4 Brazil

10.6.4.1 Market Estimates & Forecast, 2020-2027

10.6.4.2 Market Estimates & Forecast by Type, 2020-2027

10.6.4.3 Market Estimates & Forecast by Application, 2020-2027

10.6.5 Argentina

10.6.5.1 Market Estimates & Forecast, 2020-2027

10.6.5.2 Market Estimates & Forecast by Type, 2020-2027

10.6.5.3 Market Estimates & Forecast by Application, 2020-2027

10.6.6 Rest of Latin America

10.6.6.1 Market Estimates & Forecast, 2020-2027

10.6.6.2 Market Estimates & Forecast by Type, 2020-2027

10.6.6.3 Market Estimates & Forecast by Application, 2020-2027

11. Company Landscape

12. Company Profiles

12.1 Arkema

12.1.1 Company Overview

12.1.2 Product/Business Segment Overview

12.1.3 Financial Updates

12.1.4 Key Developments

12.2 The 3M Company

12.2.1 Company Overview

12.2.2 Product/Business Segment Overview

12.2.3 Financial Updates

12.2.4 Key Developments

12.3 Henkel AG & Co. KGaA

12.3.1 Company Overview

12.3.2 Product/Business Segment Overview

12.3.3 Financial Updates

12.3.4 Key Developments

12.4 Huntsman International LLC.

12.4.1 Company Overview

12.4.2 Product/Business Segment Overview

12.4.3 Financial Updates

12.4.4 Key Developments

12.5 Dow Corning Corporation

12.5.1 Company Overview

12.5.2 Product/Business Segment Overview

12.5.3 Financial Updates

12.5.4 Key Developments

12.6 Sika AG

12.6.1 Company Overview

12.6.2 Product/Business Segment Overview

12.6.3 Financial Updates

12.6.4 Key Developments

12.7 RPM International Inc.

12.7.1 Company Overview

12.7.2 Product/Business Segment Overview

12.7.3 Financial Updates

12.7.4 Key Developments

12.8 H.B. Fuller Company

12.8.1 Company Overview

12.8.2 Product/Business Segment Overview

12.8.3 Financial Updates

12.8.4 Key Developments

12.9 The Dow Chemical Company

12.9.1 Company Overview

12.9.2 Product/Business Segment Overview

12.9.3 Financial Updates

12.9.4 Key Developments

13 Conclusion

LIST OF TABLES:

Table 1 World Population by Major Regions (2020-2027)

Table 2 Global Hot melt adhesives Market: By Region, 2020-2027

Table 3 North America Hot melt adhesives Market: By Country, 2020-2027

Table 4 Europe Hot melt adhesives Market: By Country, 2020-2027

Table 5 Asia-Pacific Hot melt adhesives Market: By Country, 2020-2027

Table 6 Middle East & Africa Hot melt adhesives Market: By Country, 2020-2027

Table 7 Latin America Hot melt adhesives Market: By Country, 2020-2027

Table 8 Global Hot melt adhesives by Type Market: By Regions, 2020-2027

Table 9 North America Hot melt adhesives by Type Market: By Country, 2020-2027

Table10 Europe Hot melt adhesives by Type Market: By Country, 2020-2027

Table11 Asia-Pacific Hot melt adhesives by Type Market: By Country, 2020-2027

Table12 Middle East & Africa Hot melt adhesives by Type Market: By Country, 2020-2027

Table13 Latin America Hot melt adhesives by Type Market: By Country, 2020-2027

Table14 Global Hot melt adhesives by Application Market: By Regions, 2020-2027

Table15 North America Hot melt adhesives by Application Market: By Country, 2020-2027

Table16 Europe Hot melt adhesives by Application Market: By Country, 2020-2027

Table17 Asia-Pacific Hot melt adhesives by Application Market: By Country, 2020-2027

Table18 Middle East & Africa Hot melt adhesives by Application Market: By Country, 2020-2027

Table19 Latin America Hot melt adhesives by Application Market: By Country, 2020-2027

Table20 Global Type Market: By Region, 2020-2027

Table21 North America Hot melt adhesives Market, By Country

Table22 North America Hot melt adhesives Market, By Type

Table23 North America Hot melt adhesives Market, By Application

Table24 Europe: Hot melt adhesives Market, By Country

Table25 Europe: Hot melt adhesives Market, By Type

Table26 Europe: Hot melt adhesives Market, By Application

Table27 Asia-Pacific: Hot melt adhesives Market, By Country

Table28 Asia-Pacific: Hot melt adhesives Market, By Type

Table29 Asia-Pacific: Hot melt adhesives Market, By Application

Table30 Middle East & Africa: Hot melt adhesives Market, By Country

Table31 Middle East & Africa Hot melt adhesives Market, By Type

Table32 Middle East & Africa Hot melt adhesives Market, By Application

Table33 Latin America: Hot melt adhesives Market, By Country

Table34 Latin America Hot melt adhesives Market, By Type

Table35 Latin America Hot melt adhesives Market, By Application

LIST OF FIGURES:

FIGURE 1 Global Hot melt adhesives market segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Five Forces Analysis of Global Hot melt adhesives Market

FIGURE 4 Value Chain of Global Hot melt adhesives Market

FIGURE 5 Share of Global Hot melt adhesives Market in 2020, by country (in %)

FIGURE 6 Global Hot melt adhesives Market, 2020-2027,

FIGURE 7 Sub segments of Type

FIGURE 8 Global Hot melt adhesives Market size by Type, 2020

FIGURE 9 Share of Global Hot melt adhesives Market by Type, 2020-2027

FIGURE 10 Global Hot melt adhesives Market size by Application, 2020

FIGURE 11 Share of Global Hot melt adhesives Market by Application, 2020-2027