Hot Melt Adhesive Market Size, Share, Top Companies, New Technology, Demand and Forecast 2024-2032
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, comprising thermoplastic
polymers, typically exist in solid forms, remaining so at regular temperatures
but transitioning into liquid states upon heating beyond their softening point.
Upon cooling, they solidify to establish robust bonds. Their production
involves blending thermoplastics with waxes, fillers, resins, plasticizers, and
antioxidants. Application methods encompass extrusion, melt blowing, screen
printing, spiral spraying, and slot die coating. Offering instant bonding capabilities
with ceramics, glass, metal, paper, plastics, rubber, and wood, hot melt
adhesives find widespread utilization in the automotive, construction,
electronics, packaging, and textiles sectors worldwide.
Hot Melt Adhesive Market Trends and Drivers:
The global hot melt adhesive market
experiences significant momentum, primarily propelled by its expanding role in
diverse sectors. In the textile industry, it finds increasing application for
fostering durable bonds in moisture-resistant textiles treated with hydrophobic
polymers. Simultaneously, within the packaging realm, particularly in
corrugated boxes and paperboard cartons, its demand surges for tasks like
assembly, sealing, and labeling, driving market expansion. Furthermore, the
food and beverage sector's inclination towards sustainable and cost-effective
corrugated packaging further fuels this growth trajectory. In the automotive
domain, hot melt adhesives play a crucial role in various applications such as
trunk lining, emblem attachment, seat assembly, and air filter attachments,
thereby augmenting market dynamics. Additionally, factors like the rising
demand for fully-assembled and laminated furniture, continuous product
innovation, and rapid infrastructural development contribute positively to the
market's outlook.
For an in-depth analysis, you can refer sample
copy of the report: https://www.imarcgroup.com/hot-melt-adhesive-market/requestsample
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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