Hot Melt Adhesives Market By Type (Ethylene Vinyl Acetate, Amorphous Polyalphaolefins, Metallocene Polyolefin, Styrenic Block Copolymers, Polyolefins, Polyamides, Polyurethane, and Others) and By Application (Automotive, Construction, Packaging, Furniture, Non-Woven/Hygiene, Footwear, Book and Paper Binding, Electronics, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025

Global hot melt adhesives market expected to reach around USD 11.45 billion by 2025, at a CAGR of 6.5% between 2019 and 2025. Hot melt adhesives are widely utilized in several end-user industries due to their various beneficial characteristics like quick adhesion, rapid bond formation, and quicker dry time.

02-Aug-2019 | Number of pages: 110 | Report Code: ZMR-4533 | Report Format : | Status : Published

Analysis

Hot melt adhesive is a combination of additives like resins and pigments, which is formed mainly of one or more polymers that offer different characteristics to various adhesives. Hot melt adhesives are widely utilized in several end-user industries due to their various beneficial characteristics like quick adhesion, rapid bond formation, and quicker dry time.

The global hot melt adhesives market is likely to experience significant growth over the upcoming years, owing to the growing demand for innovative and improved products by various industrial sectors, such as automotive, construction, packaging, furniture, non-woven/hygiene. The rising awareness regarding non-woven/hygiene among the consumers, supportive government policies, growing investments in developing innovative hot melt adhesives are some other key factors that are likely to fuel the global hot melt adhesives market in the future. Robust industrialization and easy availability of raw materials are also expected to drive the demand for hot melt adhesives in the years to come. However, the low thermal resistance of hot melt adhesives may hamper the global hot melt adhesives market growth. Alternatively, the growing number of non-woven and packaging applications in the Asia Pacific and Latin America regions is likely to open new growth avenues for the major players of the market.

Global Hot Melt Adhesives Market

The global hot melt adhesives market is mainly fragmented based on type and application. By type, the market for hot melt adhesives includes styrenic block copolymers, polyamides, ethylene vinyl acetate, polyurethane, amorphous polyalphaolefins, polyolefins, metallocene polyolefin, and others. By application, this global market comprises packaging, book and paper binding, construction, furniture, footwear, non-woven/hygiene, electronics, automotive, and others. In 2018, the packaging segment dominated the global hot melt adhesives market.

In 2018, the Asia Pacific region was the largest hot melt adhesives market globally. This growth was mainly due to the rapid growth witnessed in marine and aerospace industries in the region. Moreover, the Asia Pacific region is anticipated to be the fastest-growing market for hot melt adhesives over the next few years, owing to the flourishing automotive industry in the region. China and India are the major countries for the hot melt adhesives market in the region, owing to the constantly developing industries in these developing nations.

Some key manufacturers of the global hot melt adhesives market study are Exxon Mobil, H.B. Fuller, Arkema, Henkel AG, 3M, Jowat, Sika, Hexcel Corporation, Tex Year Industries, Beardow Adams, Dowdupont, REXtac, Heartland Adhesives, AkzoNobel, and Toyobo.


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