Report Id: SNS/C&M/1707 | June 2022 | Region: Global | 125 Pages
Report Scope & Overview:
Hot Melt Adhesives (HMA) Market Size was valued at USD 9.13 billion in 2021, and is expected to reach USD 12.85 billion by 2028, and grow at a CAGR of 5.0% over the forecast period 2022-2028. 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.
Increasing product consumption in a variety of industries
Demand for adhesives is increasing.
VOC content is low.
Increasing the use of HMA
The need for a large initial investment
Applications for non-wovens and a burgeoning packaging industry
Alternative items that are more environmentally friendly are becoming more popular.
Impact of Covid-19:
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.
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)
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.
Woodworking, carton-sealing, food packing, many other industries, usebuildings & construction and hot melt adhesives.
Ethylene Vinyl Acetate (EVA)
Styrenic Block Copolymer (SBC)
Amorphous poly-alpha-olefin (AMOP)
Metallocene Polyolefins (MPO)
Pressure sensitive products
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.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2021||US$ 9.13 Billion|
|Market Size by 2028||US$ 12.85 Billion|
|CAGR||CAGR of 5.0% From 2022 to 2028|
|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
Frequently Asked Questions (FAQ) :
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 9.13 billion in 2021, and expected to reach USD 12.85 billion by 2028, and grow at a CAGR of 5.0 % over the forecast period 2022-2028
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID 19 Impact Analysis
4.2 Impact of Ukraine-Russia War
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)
9. Hot Melt Adhesives (HMA) Market Segment, By Application
9.1 Pressure sensitive products
9.4 Book Binding
10. Regional Analysis
10.2 North America
10.3.6 The Netherlands
10.3.7 Rest of Europe
10.4.2 South Korea
10.4.6 Rest of Asia-Pacific
10.5 The Middle East & Africa
10.5.3 South Africa
10.6 Latin America
10.6.3 Rest of Latin America
11. Company Profile
11.1 The 3M Company (U.S.A)
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)
12.1 Competitive Benchmark
12.2 Market Share analysis
12.3 Recent Developments
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