The Hot Melt Adhesives Market is expected to promise high growth owing to the increasing demand for high-speed manufacturing industries in recent years. At the same time, increasing demand from End-Use industries such as packaging, construction, Non-woven, bookbinding, electronics, footwear, furniture, and others is expected to drive the growth of the market.
Hot melt adhesives are the thermoplastic adhesives that are available in different sticks of cylindrical shape that can readily melt in a hot melt gun. They are much efficient as compared to other forms of adhesives in terms of efficient action and are fast sticking action and starts processing as soon as it comes into use as they do not need any drying application. Hot melt adhesives are resistant to change in climatic conditions and thus maintains the sticking action throughout the lifecycle.
Segment Insights
The growth in end-use industries such as packaging and construction has marked the tremendous growth of the global hot melt adhesives market. Also, the growth in electronic product demand with an increasing population throughout the world has brought a major growth demand for hot melt adhesives. The different hot melt adhesives such as polyamides, polyolefins, and others serve as low cost and effective supplements for many industrial products.
Some of the key Impact Factors:
- The growth of packaging and construction industries
- Growth in demand for high-speed manufacturing industries
- Government initiatives in the US and Europe for eco-friendly products
Regional Analysis
On the basis of the region, the hot melt adhesives market has been segmented by North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, & Rest of the World. North America and Western Europe are some of the major markets that are also traditional suppliers of chemicals such as specialty chemicals, bulk chemicals, and so on. Major companies in this market are headquartered in North America and Western Europe. This region has been witnessing the number of transitions in terms of productions of chemicals and respective applications by end-use industries. The preference towards bio-based feedstock has been instrumental in the development of the green alternatives in these regions. Moreover, regulatory authorities have imposed strict guidelines with regards to environmental concerns and potential health hazards due to exposures. This has been more instrumental in the Western Europe region competitively. Some of the major economies in these regions include the US, Germany, UK, France, Canada, Italy, Spain, and so on.
The Asia Pacific and the Middle East are expected to register substantial growth in the hot melt adhesives market during the forecast period. This demand is with regard to the growth of major end-use industries such as packaging, construction, Non-woven, bookbinding, electronics, footwear, furniture, and others. Major countries in the Asia Pacific region include China, South Korea, Japan, India, Australia, and so on. Middle East includes the UAE, Saudi Arabia, Iran, Israel, Egypt, and so on. Eastern Europe has been largely dominated by Russia and Turkey with operations of major chemical giants in the region. Rest the World that includes South America and Africa has a strong potential for hot melt adhesives market. There has been an increasing number of investments by global companies in these regions to strengthen their presence and tap the potential market. Major economies in these regions for hot melt adhesives market include Brazil, South Africa, Nigeria, Argentina, Colombia, and others.
Companies Covered: 3M Company, Arkema, Dow Corning, H.B. Fuller, Henkel AG & Company, Sika AG
Market Segmentation:
By Application:
- Polyamide
- Polyurethane
- Polyolefin
- Ethylene Vinyl Acetate
- Styrene Block Copolymer
- Others
By End-Use Industry:
- Packaging
- Construction
- Non-woven
- Electronic
- Footwear
- Furniture
- Others
By Region:
- North America
- By Country (US, Canada, Mexico)
- By Application
- By End-Use Industry
- Western Europe
- By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
- By Application
- By End-Use Industry
- Eastern Europe
- By Country (Russia, Turkey, Rest of Eastern Europe)
- By Application
- By End-Use Industry
- Asia Pacific
- By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
- By Application
- By End-Use Industry
- Middle East
- By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
- By Application
- By End-Use Industry
- Rest of the World
- By Region( South America, Africa)
- By Application
- By End-Use Industry
Reasons to buy this report:
- Market size estimation of hot melt adhesive market on a regional and global basis
- The unique research design for market size estimation and forecasts
- Profiling of the major companies operating in the market with key developments
- Broad scope to cover all the possible segments helping every stakeholder in the market
Customization:
We provide customization of the study to meet the specific requirements:
- By segment
- By sub-segment
- By region/ country
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