The Hot Melt Adhesives (HMA) Market Size was valued at USD 7.65 billion in 2023, and is expected to reach USD 11.30 billion by 2031, and grow at a CAGR of 5.0% over the forecast period 2024-2031.
Hot melt adhesives are commonly used to create a strong and flexible binding between materials. Solvent-free compounds are frequently used in hot melt adhesives. These are thermoplastics that harden at room temperature and are present in nature. To achieve the desired finish, these adhesives are first melted and then cooled before being applied to the surface. Furthermore, hot melt adhesives are gaining popularity in many parts of the world since they are environmentally friendly, have high thermal stability and resistance, are safe to store, and are effective to store. Hot melt adhesives are used in a wide range of applications, including woodworking, carton sealing, food packaging, construction, and many others.
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Drivers:
Increasing product consumption in a variety of industries
Demand for adhesives is increasing
VOC content is low
Restraints:
Increasing the use of HMA
The need for a large initial investment
Opportunity:
Applications for non-wovens and a burgeoning packaging industry
Challenge:
Alternative items that are more environmentally friendly are becoming more popular
Many businesses and organisations have been impacted by the COVID-19 pandemic. Many marketing sectors have been impacted by the implementation of social distancing norms and the global lockdown, including the hot melt adhesives business. One of the greatest obstacles for the worldwide business is the untimely COVID-19 epidemic, which has cost it investors and production jobs.
As a result, the global hot melt adhesives market study claims that key players' continued efforts are considerably boosting the business and are likely to achieve market share during the forecast period.
By Product: The hot melt adhesives market is divided into two types based on the type segment: polyolefin hot melts and ethylene vinyl acetate hot melts. Polyolefin hot melts are a combination of tackifiers and base resins from these two types of segments. The demand for polyolefin hot melt is increasing, and it is predicted to rise in the appliance industry. It is gaining popularity because it offers superior solutions, such as alcohols, acids, and bases, as well as resistance to polar solvents and the ability to withstand water vapour and moisture. Furthermore, robust bonding of materials such as plastic hoses and dryer drums is frequent with these adhesives.
By Application:
Woodworking, carton-sealing, food packing, many other industries, usebuildings & construction and hot melt adhesives.
By Product
Ethylene Vinyl Acetate (EVA)
Styrenic Block Copolymer (SBC)
Amorphous poly-alpha-olefin (AMOP)
Metallocene Polyolefins (MPO)
Polyamide (PA)
Polyester
By Application
Pressure sensitive products
Packaging
Disposables
Book Binding
Furniture
Footwear
Textile
Automobiles
Electronics
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The hot melt adhesives market has been divided into several regions based on regional classification, including Europe, Latin America, Asia Pacific, North America, and the Middle East and Africa.
For the forecast period, the Asia Pacific Region is expected to have the greatest CAGR. In this region, the use of hot melt adhesives is growing in end-use industries such as electronics, carpentry, and general consumer packaging. These main companies are crucial in the growth of the hot melt adhesives industry. They are using sophisticated strategies to expand hot melt adhesive providers and improve global market demand.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
The 3M Company (U.S.A), Huntsman International LLC. (U.S.A.), The Dow Chemical Company (U.S.A.), RPM International Inc. (U.S.A.), Arkema (France), Henkel AG & Co. KGaA (Germany), Dow Corning Corporation (U.S.A.), B. Fuller Company (U.S.A), Sika AG (Switzerland).
Report Attributes | Details |
---|---|
Market Size in 2023 | US$ 7.65 Billion |
Market Size by 2031 | US$ 11.30 Billion |
CAGR | CAGR of 5.0% From 2024 to 2031 |
Base Year | 2023 |
Forecast Period | 2024-2031 |
Historical Data | 2020-2022 |
Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
Key Segments | • By Product (EVA, SBC, AMOP, MPO, PU, PA, Polyester) • By Application (Pressure sensitive products, Packaging, Disposables, Book Binding, Furniture, Footwear, Textile, Automobiles, Electronics) |
Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
Company Profiles | The 3M Company (U.S.A), Huntsman International LLC. (U.S.A.), The Dow Chemical Company (U.S.A.), RPM International Inc. (U.S.A.), Arkema (France), Henkel AG & Co. KGaA (Germany), Dow Corning Corporation (U.S.A.), B. Fuller Company (U.S.A), Sika AG (Switzerland) |
DRIVERS | • Increasing product consumption in a variety of industries • Demand for adhesives is increasing. • VOC content is low. |
Restraints | • Increasing the use of HMA • The need for a large initial investment |
Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.
Ans: Pressure sensitive products, Packaging, Disposables, Book Binding, Furniture, Footwear, Textile, Automobiles and Electronics are the sub-segments of by application segment.
Ans: Increasing product consumption in a variety of industries, Demand for adhesives is increasing and VOC content is low are the drivers for Hot Melt Adhesives (HMA) Market.
Ans: Hot melt adhesives are commonly used to create a strong and flexible binding between materials.
Ans: Hot Melt Adhesives (HMA) Market Size was valued at USD 7.65 billion in 2023, and is expected to reach USD 11.30 billion by 2031, and grow at a CAGR of 5.0% over the forecast period 2024-2031.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Hot Melt Adhesives (HMA) Market Segment, By Product
8.1 Ethylene Vinyl Acetate (EVA)
8.2 Styrenic Block Copolymer (SBC)
8.3 Amorphous poly-alpha-olefin (AMOP)
8.4 Metallocene Polyolefins (MPO)
8.5 Polyurethane (PU)
8.6 Polyamide (PA)
8.7 Polyester
9. Hot Melt Adhesives (HMA) Market Segment, By Application
9.1 Pressure sensitive products
9.2 Packaging
9.3 Disposables
9.4 Book Binding
9.5 Furniture
9.6 Footwear
9.7 Textile
9.8 Automobiles
9.9 Electronics
10. Regional Analysis
10.1 Introduction
10.2 North America
10.2.1 USA
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 France
10.3.4 Italy
10.3.5 Spain
10.3.6 The Netherlands
10.3.7 Rest of Europe
10.4 Asia-Pacific
10.4.1 Japan
10.4.2 South Korea
10.4.3 China
10.4.4 India
10.4.5 Australia
10.4.6 Rest of Asia-Pacific
10.5 The Middle East & Africa
10.5.1 Israel
10.5.2 UAE
10.5.3 South Africa
10.5.4 Rest
10.6 Latin America
10.6.1 Brazil
10.6.2 Argentina
10.6.3 Rest of Latin America
. Company Profile
11.1 The 3M Company (U.S.A)
11.1.1 Financial
11.1.2 Products/ Services Offered
11.1.3 SWOT Analysis
11.1.4 The SNS view
11.2 Huntsman International LLC. (U.S.A.)
11.3 The Dow Chemical Company (U.S.A.)
11.4 Sika AG (Switzerland)
11.5 RPM International Inc. (U.S.A.)
11.6 Arkema (France)
11.7 Henkel AG & Co. KGaA (Germany)
11.8 Dow Corning Corporation (U.S.A.)
11.9 B. Fuller Company (U.S.A)
12.Competitive Landscape
12.1 Competitive Benchmark
12.2 Market Share analysis
12.3 Recent Developments
13. Conclusion
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