The Global Hot Melt Adhesives Market was estimated to be USD 8.9 billion in 2020, and is projected to ascend at a CAGR of 5.3 % during 2021 -2027. The market for hot melt adhesives demand is projected to augment owing to its growing use in end-use industries such as packaging, construction, electronics, automotive, textile and hygiene, among others. As hot melt adhesives are environment friendly, they are increasingly being used as a replacement for solvent-borne adhesives. Also, growing popularity of thermoplastic polyurethane hot melts owing to their high resistance, strength and superior flexibility, is expected to further propel the market demand
Hot melts are an adhesive system, which is thermally melted and develops cohesion (internal strength) on cooling. Hot melt adhesives are generally manufactured in the form of solid cylindrical sticks with varying dimensions. They are designed to melt in an electric hot glue gun, which uses a continuous-duty heating elements to melt the glue, triggered by mechanical mechanism. The hot glue gun has a loading chamber, where the hot melt adhesive sticks are loaded and heated up to its melting point i.e. 120-180 degree Celsius.
After heating, the molten hot melt adhesives are then dispensed through a nozzle of the hot glue guns. The molten adhesive solidifies within seconds depending up on the composition of hot melt adhesive and it doesn’t require curing process for solidifying. Hot melt adhesives, like all other adhesives, generally consists of one or more polymer plus additives, such as stabilizers, pigments, etc.
Additionally, hot melt adhesives are easy to clean with minimum toxicity. Also, they have superior gap filling capabilities, and bond a vast variety of porous as well as non-porous substrates. These adhesives may be applied by rolling, extruding, or spraying, and manual application is generally done with hand held electric hot glue guns. Hot melt adhesives tend to have a long shelf life and can easily be disposed without special precautions.
New structural hot melts have been developed over the years that are capable of reducing the manufacturing costs and improving efficiency. Such new categories of hot melts are reactive urethanes and silicones that combine the advantages of traditional hot melts with those of reactive structural adhesives. These hot melts are cured by ultraviolet radiation that results in the adhesive to crosslink, providing higher flexibility, strength and more durable bonds.
Regional coverage:
Geographically, the report has segmented the global market into North America, Europe, Asia-Pacific, Central & South America, and Middle East & Africa. Hot melt adhesives find their use across a wide range of applications. They are capable of bonding various substrates such as plastics, metals, rubbers, glass, wood and ceramics. As a result, a significant rise in their demand has been witnessed for DIY applications. While DIY is quite common in the developed economies of North America and Europe, it is a relatively new concept in the emerging nations. Ease of use and availability of hot melt adhesive guns have surged their use for various DIY applications. However, volatility in the raw material prices may hinder the market growth over the next seven years.
The main purpose of this QuantAlign report is to provide a broad and exhaustive overview of the Global Hot Melt Adhesives Market, and associated trends
This report fulfils the following objectives:
Special focuses are also included in this report, based on current trends and supply chain organization
The report provides detailed market outlook, and forecast of the “Global Hot Melt Adhesives Market” based on, type, end-use, and region.
| Research Attribute | Coverage |
|---|---|
| Years Considered | 2017-2027 |
| Historical Years | 2017, 2018, 2019 |
| Base Year | 2020 |
| Forecast Period | 2021-2027 |
| Units Considered | USD Billion/Kilo Tons |
| Segmentation By Type |
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| Segmentation by End-Use |
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| Regions Covered |
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| Key Company Profiles | DowDuPont, 3M Company, Ashland Inc., Avery Dennison Corporation, Henkel AG, Sika AG, H.B. Fuller, Arkema Group, Evonik Industries AG, Pidilite Industries Limited, Huntsman International LLC, Bostik Inc., American Chemical Inc., Westlake Chemical Corporation among others. |
CHAPTER 1. Market Scope and Methodology
1.1. Research methodology
1.2. Objectives of the report
1.3. Research scope & assumptions
1.4. List of data sources
CHAPTER 2. Executive Summary
2.1. Hot Melt Adhesives Market – Key industry insights
CHAPTER 3. Market Outlook
3.1. Market definition
3.2. Market segmentation
3.3. Value chain analysis
3.3.1. Raw material trends
3.3.2. Manufacturing trends
3.4. Hot Melt Adhesives Market: developed v/s developing countries
3.5. Market opportunities & trends
3.6. Market driver analysis
3.7. Market restraint analysis
3.8. Industry analysis - Porter's
3.8.1. Bargaining power of suppliers
3.8.2. Bargaining power of buyers
3.8.3. Threat of new entrants
3.8.4. Threat of substitutes
3.8.5. Competitive rivalry
3.9. PESTEL analysis
3.10. SWOT analysis
CHAPTER 4. Competitive Outlook
4.1. Competitive framework
4.2. Company market share analysis
4.3. Strategic layout
CHAPTER 5. COVID-19 Implications
5.1. Industry impact of COVID-19 pandemic
5.1.1. Strategic decisions by market players due to COVID-1
5.1.2. Impact on supply chain
5.1.3. Conclusion
CHAPTER 6. Hot Melt Adhesives Market Size and Forecast (2021 - 2027)
6.1. Hot Melt Adhesives, By Type (Kilo Tons) (USD Billion)
6.1.1. Polyamide (PA)
6.1.2. Ethylene-Vinyl Acetate (EVA)
6.1.3. Polyurethane Reactive (PUR)
6.1.4. Polyethylene (PE)
6.1.5. Polyolefins
6.1.6. Amorphous Poly Alpha Olafins (APAO)
6.1.7. Styrene Butadiene Styrene (SBS)
6.1.8. Others
6.2. Hot Melt Adhesives Market, By End-Use (Kilo Tons) (USD Billion)
6.2.1. Packaging
6.2.2. Building & construction
6.2.3. Transportation
6.2.4. Automotive
6.2.5. Electronics
6.2.6. Textile
6.2.7. Furniture
6.2.8. Hygiene
6.2.9. Others
CHAPTER 7. Global Hot Melt Adhesives Market Size and Forecast, By Region (2021 - 2027)
7.1. North America Hot Melt Adhesives Market (Kilo Tons) (USD Billion)
7.1.1. North America Hot Melt Adhesives Market, By Country
7.1.2. North America Hot Melt Adhesives Market, By Type
7.1.3. North America Hot Melt Adhesives Market, By End-Use
7.1.4. The U.S. Hot Melt Adhesives Market (Kilo Tons) (USD Billion)
7.1.4.1. The U.S. Hot Melt Adhesives Market, By Type
7.1.4.2. The U.S. Hot Melt Adhesives Market, By End-Use (USD Billion)
7.1.5. Canada Hot Melt Adhesives Market (Kilo Tons) (USD Billion)
7.1.5.1. Canada Hot Melt Adhesives Market, By Type
7.1.5.2. Canada Hot Melt Adhesives Market, By End-Use
7.1.6. Mexico Hot Melt Adhesives Market (Kilo Tons) (USD Billion)
7.1.6.1. Mexico Hot Melt Adhesives Market, By Type
7.1.6.2. Mexico Hot Melt Adhesives Market, By End-Use
7.2. Europe Hot Melt Adhesives Market (Kilo Tons) (USD Billion)
7.2.1. Europe Hot Melt Adhesives Market, By Country
7.2.2. Europe Hot Melt Adhesives Market, By Type
7.2.3. Europe Hot Melt Adhesives Market, By End-Use
7.2.4. Germany Hot Melt Adhesives Market (Kilo Tons) (USD Billion)
7.2.4.1. Germany Hot Melt Adhesives Market, By Type
7.2.4.2. Germany Hot Melt Adhesives Market, By End-Use
7.2.5. The U.K Hot Melt Adhesives Market (Kilo Tons) (USD Billion)
7.2.5.1. The U.K Hot Melt Adhesives Market, By Type
7.2.5.2. The U.K Hot Melt Adhesives Market, By End-Use
7.2.6. France Hot Melt Adhesives Market (Kilo Tons) (USD Billion)
7.2.6.1. France Hot Melt Adhesives Market, By Type
7.2.6.2. France Hot Melt Adhesives Market, By End-Use
7.2.7. Spain Hot Melt Adhesives Market (Kilo Tons) (USD Billion)
7.2.7.1. Spain Hot Melt Adhesives Market, By Type
7.2.7.2. Spain Hot Melt Adhesives Market, By End-Use
7.2.8. Russia Hot Melt Adhesives Market (Kilo Tons) (USD Billion)
7.2.8.1. Russia Hot Melt Adhesives Market, By Type
7.2.8.2. Russia Hot Melt Adhesives Market, By End-Use
7.2.9. Italy Hot Melt Adhesives Market (Kilo Tons) (USD Billion)
7.2.9.1. Italy Hot Melt Adhesives Market, By Type
7.2.9.2. Italy Hot Melt Adhesives Market, By End-Use
7.3. Asia-Pacific Hot Melt Adhesives Market (Kilo Tons) (USD Billion)
7.3.1. Asia-Pacific Hot Melt Adhesives Market, By Country
7.3.2. Asia-Pacific Hot Melt Adhesives Market, By Type
7.3.3. Asia-Pacific Hot Melt Adhesives Market, By End-Use
7.3.4. Australia Hot Melt Adhesives Market (Kilo Tons) (USD Billion)
7.3.4.1. Australia Hot Melt Adhesives Market, By Type
7.3.4.2. Australia Hot Melt Adhesives Market, By End-Use
7.3.5. China Hot Melt Adhesives Market (Kilo Tons) (USD Billion)
7.3.5.1. China Hot Melt Adhesives Market, By Type
7.3.5.2. China Hot Melt Adhesives Market, By End-Use
7.3.6. India Hot Melt Adhesives Market (Kilo Tons) (USD Billion)
7.3.6.1. India Hot Melt Adhesives Market, By Type
7.3.6.2. India Hot Melt Adhesives Market, By End-Use
7.4. Central & South America (CSA) Hot Melt Adhesives Market (Kilo Tons) (USD Billion)
7.4.1. Central & South America (CSA)Hot Melt Adhesives Market, By Country
7.4.2. Central & South America (CSA)Hot Melt Adhesives Market, By Type
7.4.3. Central & South America (CSA)Hot Melt Adhesives Market, By End-Use
7.4.4. Brazil Hot Melt Adhesives Market (Kilo Tons) (USD Billion)
7.4.4.1. Brazil Hot Melt Adhesives Market, By Type
7.4.4.2. Brazil Hot Melt Adhesives Market, By End-Use
7.5. Middle East & Africa (MEA) Hot Melt Adhesives Market (Kilo Tons) (USD Billion)
7.5.1. Middle East & Africa (MEA) Hot Melt Adhesives Market, By Country
7.5.2. Middle East & Africa (MEA) Hot Melt Adhesives Market, By Type
7.5.3. Middle East & Africa (MEA) Hot Melt Adhesives Market, By End-Use
7.5.4. Saudi Arabia Hot Melt Adhesives Market (Kilo Tons) (USD Billion)
7.5.4.1. Saudi Arabia Hot Melt Adhesives Market, By Type
7.5.4.2. Saudi Arabia Hot Melt Adhesives Market, By End-Use
7.5.5. South Africa Hot Melt Adhesives Market (Kilo Tons) (USD Billion)
7.5.5.1. South Africa Hot Melt Adhesives Market, By Type
7.5.5.2. South Africa Hot Melt Adhesives Market, By End-Use
CHAPTER 8. Key Players and Strategic Developments
8.1. DowDuPont
8.1.1. Business Overview
8.1.2. Product and Service Offering
8.1.3. Financial Overview
8.1.4. Strategic Developments
8.2. 3M Company
8.2.1. Business Overview
8.2.2. Product and Service Offering
8.2.3. Financial Overview
8.2.4. Strategic Developments
8.3. Ashland Inc.
8.3.1. Business Overview
8.3.2. Product and Service Offering
8.3.3. Financial Overview
8.3.4. Strategic Developments
8.4. Avery Dennison Corporation
8.4.1. Business Overview
8.4.2. Product and Service Offering
8.4.3. Financial Overview
8.4.4. Strategic Developments
8.5. Henkel AG
8.5.1. Business Overview
8.5.2. Product and Service Offering
8.5.3. Financial Overview
8.5.4. Strategic Developments
8.6. Sika AG
8.6.1. Business Overview
8.6.2. Product and Service Offering
8.6.3. Financial Overview
8.6.4. Strategic Developments
8.7. H.B. Fuller
8.7.1. Business Overview
8.7.2. Product and Service Offering
8.7.3. Financial Overview
8.7.4. Strategic Developments
8.8. Arkema Group
8.8.1. Business Overview
8.8.2. Product and Service Offering
8.8.3. Financial Overview
8.8.4. Strategic Developments
8.9. Evonik Industries AG
8.9.1. Business Overview
8.9.2. Product and Service Offering
8.9.3. Financial Overview
8.9.4. Strategic Developments
8.10. Pidilite Industries Limited
8.10.1. Business Overview
8.10.2. Product and Service Offering
8.10.3. Financial Overview
8.10.4. Strategic Developments
8.11. Huntsman International LLC
8.11.1. Business Overview
8.11.2. Product and Service Offering
8.11.3. Financial Overview
8.11.4. Strategic Developments
8.12. Bostik Inc.
8.12.1. Business Overview
8.12.2. Product and Service Offering
8.12.3. Financial Overview
8.12.4. Strategic Developments
8.13. American Chemical Inc.
8.13.1. Business Overview
8.13.2. Product and Service Offering
8.13.3. Financial Overview
8.13.4. Strategic Developments
8.14. Westlake Chemical Corporation
8.14.1. Business Overview
8.14.2. Product and Service Offering
8.14.3. Financial Overview
8.14.4. Strategic Developments
