Hot Melt Adhesives Market (By Type: EVA, PUR, SBS/SIS, HMPSA, PA, and Others: By Application: Packaging, Electronics, Wood and Furniture, Automotive, Non-Woven/Hygiene, Construction, and Others; By Geography: North America, Europe, Asia-Pacific and RoW) Global Scenario, Market Size, Outlook, Trend and Forecast, 2015 – 2024
Hot Melt Adhesives Market Overview:
Global Hot Melt Adhesives Market is expected to reach $11.1 billion by 2024 growing at a CAGR of 6.5% from 2016 to 2024. The hot melt adhesives are thermoplastic materials that provide optimal hold by the process of melting and solidifying. They are available in the form of granules, powder, blocks, ribbons, foil, slats, and others. Special application equipment is required to operate in high temperature range needed to apply the hot met adhesives. Currently, dispensers and glue guns are most widely used equipment. These adhesives are widely used in consumer goods and construction industries for manufacturing pressure-sensitive products.
Increasing demand from packaging industry, rising need for replacing other adhesive technologies, growth in non-woven disposable industries, and need for high-performance solutions are the key drivers propelling the growth of the global hot melt adhesives market. However, fluctuating price of raw materials and low thermal resistance are the major hinderance of the market growth. Furthermore, market expansion, and rising trend of printed and graphic products would create growth opportunities in the coming years.
The global hot melt adhesives market is categorized on the basis of type, application, and geography. Type segment includes ethylene-vinyl acetate (EVA), polyurethane (PUR), styrene block copolymers (SBS/SIS), hot melt pressure sensitive adhesives (HMPSA), polyamide (PA), and other types. Application is segmented as packaging, electronics, wood and furniture, automotive, non-woven/hygiene, construction, and other applications.
Based on geographical analysis, global hot melt adhesives market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW). North America is further bifurcated in U.S., Canada, and Mexico whereas Europe consists of UK, Germany, Italy, France, and rest of Europe. Asia-Pacific is segmented into China, India, Japan, South Korea, and rest of Asia-Pacific, while RoW is bifurcated into South America, Middle East, and Africa.
The key players competing in this market include Sika AG, 3M Company, Toyobo Co., Ltd., Dow Corning, Jowat SE, Henkel AG & Company, Palmetto Adhesives Company, American Chemical Inc., Worthen Industries, and Beardow & ADAMS (Adhesives) Limited, among others.
The key takeaways from the report
- The report will provide detailed analysis of Global Hot Melt Adhesives Market with respect to major segments such as type, and application
- The report will include the qualitative and quantitative analysis with market estimation over 2015-2024 and compound annual growth rate (CAGR) between 2016 and 2024
- Comprehensive analysis of market dynamics including factors and opportunities will be provided in the report
- An exhaustive regional analysis of Global Hot Melt Adhesives Market will be included in the report
- Profile of the key players in the Global Hot Melt Adhesives Market will be provided, which include key financials, product & services, new developments and business strategies
Scope of Global Hot Melt Adhesives Market
- Ethylene-Vinyl Acetate (EVA)
- Polyurethane (PUR)
- Styrene Block Copolymers (SBS/SIS)
- Hot Melt Pressure Sensitive Adhesives (HMPSA)
- Polyamide (PA)
- Other Types
- Wood and Furniture
- Other Applications
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- South America
- Middle East