Hot Melt Adhesives Market Expected to Generate US$ 14.8 Billion by 2032
The report forecast that the hot melt adhesives market would grow to US$ 14.8 billion by 2032 from US$ 9.2 billion in 2022, growing at a compound annual growth rate of 4.87%.
Hot melt adhesives refer to a type of thermoplastic adhesive that is generally supplied in sticks and is manufactured to be melted in a hot glue gun thus termed as hot melt adhesives. These adhesives do not contain any pre warming signs related to crucial diseases such as cancer. In addition, the hot melts do not contain formaldehyde that further aids in its popularity among other adhesive materials. Hot melt adhesives are complete solid materials that are less influenced by the humid weather conditions. Besides this, they do not require expensive start-up as well as shut down processes during lamination.
Growth Factors
Tremendous growth in the non-woven, woodworking, and packaging industries play an eminent role towards the market growth for hot melt adhesives. Increasing for non-woven disposables pertaining to rising awareness for hygiene expected to offer attractive growth prospects during the forecast timeframe. In addition to this, rising consumption of packaged food products is likely to offer attractive growth opportunities in the years to come. Furthermore, significant rise in the demand of the healthcare products are anticipated to create new avenues for the market growth. Hence, changing consumer’s lifestyle with high impact of western habits in terms of eating and clothing estimated to propel the market growth for hot melt adhesives in the near future.
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Report Highlights
• The Asia Pacific emerged as a dominating market in 2019 and exhibits the fastest growth rate in the coming years due to significant expansion of industrial manufacturing bases in the region
• North America estimated to grow at a rate near to 4%, in terms of value, from the year 2020 to 2027 because of the presence of some major packaging manufacturers in the region
EVA dominate the global market in terms of revenue because of its attractive properties that include high versatility, durability, and strong adhesion properties
• Rubber predicted to expand at the fastest rate of around 5.5%, in terms of value, during the analysis timeframe due to high demand for labels and tapes especially from the packaging industry
• Packaging application segment captured the major market share accounting for over 34% of value share in 2019 owing to favorable properties that makes them an ideal packaging solution
• Nonwovens segment expected to exhibit the fastest growth rate during the forecast period owing to growing awareness among consumers related to personal hygiene
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Regional Snapshots
The Asia Pacific occupied the major market share in terms value accounting for a share of around 50% in 2019 as well as it exhibits the fastest growth rate over the upcoming years. The prominent growth of the region is mainly attributed to the flourishing growth of automotive, packaging, industrial assembly, and woodworking industry. The region is a major hub for crucial consumers that drive the overall market demand for numerous industries. In addition to this, significant impact of western culture on the region has also driven several attractive applications that positively impact the market growth in the region.
Besides this, North America and Europe are the other prominent regions that predicted to register considerable growth rate during the analysis period. Though the regions are well-established markets for several industries, COVID-19 outbreak has impacted badly on the several manufacturing activities that drastically declined the product demand in these developed regions Major countries that are badly affected by the pandemic situation include Germany, Italy, the U.K., the U.S., Spain, Canada, and France. However, these nations are likely to recover at a substantial rate after the COVID-19 pandemic years.
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Key Players & Strategies
The hot melt adhesives industry is dominated by few major market players that acquire major value share in the year 2019. Further, the market expected to move towards more consolidation over the coming years and offers high competition along with less opportunity to the new market entrants to gain a stable footprint in the market. Brand name and consumer loyalty are the prime reason that accounted for the high share of established players.
Apart from this, these industry participants focus prominently on merger & acquisition and geographic expansion as their main market strategies to retain their competitive edge on the global scale. For example, in October 2017, Avery Dennison started a new hot melt adhesive coating production line based in Malaysia in order to enhance its market position by strengthen its growth potential in Southeast Asia.
Some of the key players operating in the market are H.B. Fuller Company, Henkel AG & Co. KGaA, Dow Inc., Jowat SE, Sika AG, Arkema Group, 3M, Ashland Inc., Beardow Adams, and Avery Dennison Corporation among others.
Market Segmentation
By Product
•
• Polyurethane
• EVA
• Polyolefin
• Rubber
• Others
By Application
• Assembly
• Packaging
• Woodworking
• Nonwovens
• Automotive
• Others By Regional Outlook
• North America
• Europe
• Asia Pacific
• Rest of the World
Table of Content
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3.Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3.Assumptions&Limitations
Chapter 3. Executive Summary
3.1.MarketSnapshot
Chapter 4. Hot Melt Adhesives Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis 4.3.3.DownstreamBuyerAnalysis Chapter 5. COVID 19 Impact on Hot Melt Adhesives Market 5.1. Covid-19: Hot Melt Adhesives Industry Impact 5.2. Hot Melt Adhesives Business Impact Assessment: Covid-19 5.2.1. Supply Chain Challenges/Disruption 5.2.2.MarketTrendsandHotMeltAdhesivesOpportunitiesintheCOVID-19LandscapeforMajorMarkets 5.3. Strategic Measures against Covid-19 5.3.1. Government Support and Initiative to Combat Covid-19 5.3.2.ProposalforHotMeltAdhesivesManufacturerstodealwithCovid-19PandemicScenario Chapter 6. Hot Melt Adhesives Market Dynamics Analysis and Trends 6.1. Market Dynamics 6.1.1. Market Drivers 6.1.1.1.HighRateofReplacementofOtherAdhesiveswithHotMeltAdhesives 6.1.1.2. Diverse Range of Applications 6.1.2. Market Restraints 6.1.2.1. Low Thermal Resistance 6.1.3. Market Opportunities 6.1.3.1. Increasing Application in Road Marking 6.1.3.2.FlourishingGrowthofNonwovenandPackagingSectorsinDevelopingRegion 6.2. Porter’s Five Forces Analysis 6.2.1. Bargaining power of suppliers 6.2.2. Bargaining power of buyers 6.2.3. Threat of substitute 6.2.4. Threat of new entrants 6.2.5.Degreeofcompetition Chapter 7. Global Hot Melt Adhesives Market: Competitive Landscape 7.1.1. Company Market Share/Positioning Analysis 7.1.1.1.HotMeltAdhesivesMarketRevenuebyManufacturer(2015-2020) 7.1.1.2.HotMeltAdhesivesMarketRevenueMarketSharebyManufacturer(2015-2020) 7.1.1.3.HotMeltAdhesivesMarketProductionbyManufacturer(2015-2020) 7.1.1.4.HotMeltAdhesivesMarketProductionMarketSharebyManufacturer(2015-2020) 7.1.2. Key Organic/Inorganic Strategies Adopted by Players 7.1.2.1.ProductPortfolioExpansion,CapacityExpansion,ProductInnovation 7.1.2.2. Merger and Acquisition, Collaboration and Partnerships 7.1.3. Manufacturers Landscape 7.1.3.1. List of Suppliers 7.1.3.2.ListofBuyers Chapter 8. Global Hot Melt Adhesives Market, By Product 8.1. Hot Melt Adhesives Market, by Product, 2016-2027 8.1.1. Polyurethane 8.1.1.1. Market Revenue and Forecast (2016-2027) 8.1.1.2. Market Production and Forecast (2016-2027) 8.1.2. EVA 8.1.2.1. Market Revenue and Forecast (2016-2027) 8.1.2.2. Market Production and Forecast (2016-2027)
8.1.3. Polyolefin 8.1.3.1. Market Revenue and Forecast (2016-2027) 8.1.3.2. Market Production and Forecast (2016-2027) 8.1.4. Rubber 8.1.4.1. Market Revenue and Forecast (2016-2027) 8.1.4.2. Market Production and Forecast (2016-2027) 8.1.5. Others 8.1.5.1. Market Revenue and Forecast (2016-2027) 8.1.5.2.MarketProductionandForecast(2016-2027)
Global Hot Melt Adhesives Market, By Application 9.1. Hot Melt Adhesives Market, by Application, 2016-2027 9.1.1. Assembly 9.1.1.1. Market Revenue and Forecast (2016-2027) 9.1.1.2. Market Consumption and Forecast (2016-2027) 9.1.2. Packaging 9.1.2.1. Market Revenue and Forecast (2016-2027) 9.1.2.2. Market Consumption and Forecast (2016-2027) 9.1.3. Woodworking 9.1.3.1. Market Revenue and Forecast (2016-2027) 9.1.3.2. Market Consumption and Forecast (2016-2027) 9.1.4. Nonwovens 9.1.4.1. Market Revenue and Forecast (2016-2027) 9.1.4.2. Market Consumption and Forecast (2016-2027) 9.1.5. Automotive 9.1.5.1. Market Revenue and Forecast (2016-2027) 9.1.5.2. Market Consumption and Forecast (2016-2027) 9.1.6. Others 9.1.6.1. Market Revenue and Forecast (2016-2027) 9.1.6.2.MarketConsumptionandForecast(2016-2027)
10.1. North America 10.1.1.MarketRevenueandProductionForecastbyProduct(2016-2027) 10.1.2.MarketRevenueandConsumptionForecastbyApplication(2016-2027) 10.1.3. U.S 10.1.3.1. Market Revenue and Production Forecast (2016-2027) 10.1.3.2. Market Revenue and Consumption Forecast (2016-2027) 10.1.4. Canada 10.1.4.1. Market Revenue and Production Forecast (2016-2027) 10.1.4.2. Market Revenue and Consumption Forecast (2016-2027) 10.2. Europe 10.2.1.MarketRevenueandProductionForecastbyProduct(2016-2027) 10.2.2.MarketRevenueandConsumptionForecastbyApplication(2016-2027) 10.2.3. UK 10.2.3.1. Market Revenue and Production Forecast (2016-2027) 10.2.3.2. Market Revenue and Consumption Forecast (2016-2027) 10.2.4. Germany 10.2.4.1. Market Revenue and Production Forecast (2016-2027) 10.2.4.2. Market Revenue and Consumption Forecast (2016-2027) 10.2.5. France 10.2.5.1. Market Revenue and Production Forecast (2016-2027)
Chapter 9.
Chapter 10. Global Hot Melt Adhesives Market, Regional Estimates and Trend Forecast
10.2.5.2. Market Revenue and Consumption Forecast (2016-2027) 10.2.6. Rest of EU 10.2.6.1. Market Revenue and Production Forecast (2016-2027) 10.2.6.2. Market Revenue and Consumption Forecast (2016-2027) 10.3. Asia Pacific (APAC) 10.3.1.MarketRevenueandProductionForecastbyProduct(2016-2027) 10.3.2.MarketRevenueandConsumptionForecastbyApplication(2016-2027) 10.3.3. China 10.3.3.1. Market Revenue and Production Forecast (2016-2027) 10.3.3.2. Market Revenue and Consumption Forecast (2016-2027) 10.3.4. India 10.3.4.1. Market Revenue and Production Forecast (2016-2027) 10.3.4.2. Market Revenue and Consumption Forecast (2016-2027) 10.3.5. Japan 10.3.5.1. Market Revenue and Production Forecast (2016-2027) 10.3.5.2. Market Revenue and Consumption Forecast (2016-2027) 10.3.6. Rest of APAC 10.3.6.1. Market Revenue and Production Forecast (2016-2027) 10.3.6.2. Market Revenue and Consumption Forecast (2016-2027) 10.4. LATAM 10.4.1.MarketRevenueandProductionForecastbyProduct(2016-2027) 10.4.2.MarketRevenueandConsumptionForecastbyApplication(2016-2027) 10.4.3. Brazil 10.4.3.1. Market Revenue and Production Forecast (2016-2027) 10.4.3.2. Market Revenue and Consumption Forecast (2016-2027) 10.4.4. Rest of LATAM 10.4.4.1. Market Revenue and Production Forecast (2016-2027) 10.4.4.2. Market Revenue and Consumption Forecast (2016-2027) 10.5. Middle East and Africa (MEA) 10.5.1.MarketRevenueandProductionForecastbyProduct(2016-2027) 10.5.2.MarketRevenueandConsumptionForecastbyApplication(2016-2027) 10.5.3. GCC 10.5.3.1. Market Revenue and Production Forecast (2016-2027) 10.5.3.2. Market Revenue and Consumption Forecast (2016-2027) 10.5.4. North Africa 10.5.4.1. Market Revenue and Production Forecast (2016-2027) 10.5.4.2. Market Revenue and Consumption Forecast (2016-2027) 10.5.5. South Africa 10.5.5.1. Market Revenue and Production Forecast (2016-2027) 10.5.5.2. Market Revenue and Consumption Forecast (2016-2027) 10.5.6. Rest of MEA 10.5.6.1. Market Revenue and Production Forecast (2016-2027) 10.5.6.2.MarketRevenueandConsumptionForecast(2016-2027) Chapter 11. Company Profiles 11.1. H.B. Fuller Company 11.1.1. Company Overview, Business Information, Regional Presence 11.1.2. Product Portfolio Analysis 11.1.2.1. Product Details, Specification, Application 11.1.3.Revenue,ProductionCapacity,Price,andGrossMargin(2015-2020) 11.1.4. Recent Developments and Strategies 11.2. Henkel AG & Co. KGaA 11.2.1. Company Overview, Business Information, Regional Presence
Chapter 12. Appendix
11.2.2. Product Portfolio Analysis 11.2.2.1. Product Details, Specification, Application 11.2.3.Revenue,ProductionCapacity,Price,andGrossMargin(2015-2020) 11.2.4. Recent Developments and Strategies 11.3. Dow Inc. 11.3.1. Company Overview, Business Information, Regional Presence 11.3.2. Product Portfolio Analysis 11.3.2.1. Product Details, Specification, Application 11.3.3.Revenue,ProductionCapacity,Price,andGrossMargin(2015-2020) 11.3.4. Recent Developments and Strategies 11.4. Jowat SE 11.4.1. Company Overview, Business Information, Regional Presence 11.4.2. Product Portfolio Analysis 11.4.2.1. Product Details, Specification, Application 11.4.3.Revenue,ProductionCapacity,Price,andGrossMargin(2015-2020) 11.4.4. Recent Developments and Strategies 11.5. Sika AG 11.5.1. Company Overview, Business Information, Regional Presence 11.5.2. Product Portfolio Analysis 11.5.2.1. Product Details, Specification, Application 11.5.3.Revenue,ProductionCapacity,Price,andGrossMargin(2015-2020) 11.5.4. Recent Developments and Strategies 11.6. Arkema Group 11.6.1. Company Overview, Business Information, Regional Presence 11.6.2. Product Portfolio Analysis 11.6.2.1. Product Details, Specification, Application 11.6.3.Revenue,ProductionCapacity,Price,andGrossMargin(2015-2020) 11.6.4. Recent Developments and Strategies 11.7. 3M 11.7.1. Company Overview, Business Information, Regional Presence 11.7.2. Product Portfolio Analysis 11.7.2.1. Product Details, Specification, Application 11.7.3.Revenue,ProductionCapacity,Price,andGrossMargin(2015-2020) 11.7.4. Recent Developments and Strategies 11.8. Ashland Inc 11.8.1. Company Overview, Business Information, Regional Presence 11.8.2. Product Portfolio Analysis 11.8.2.1. Product Details, Specification, Application 11.8.3.Revenue,ProductionCapacity,Price,andGrossMargin(2015-2020) 11.8.4. Recent Developments and Strategies 11.9. Beardow Adams 11.9.1. Company Overview, Business Information, Regional Presence 11.9.2. Product Portfolio Analysis 11.9.2.1. Product Details, Specification, Application 11.9.3.Revenue,ProductionCapacity,Price,andGrossMargin(2015-2020) 11.9.4. Recent Developments and Strategies 11.10. Avery Dennison Corporation 11.10.1. Company Overview, Business Information, Regional Presence 11.10.2. Product Portfolio Analysis 11.10.2.1. Product Details, Specification, Application 11.10.3.Revenue,ProductionCapacity,Price,andGrossMargin(2015-2020) 11.10.4.RecentDevelopmentsandStrategies
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