What is Hot Melt Glue Sticks Market?
Hot-melt glues are defined as a form of thermoplastic adhesive which is usually sold as solid cylindrical sticks of various diameters. Some of the features of hot melt glue sticks are heat-resistant, water-resistant, impact-resistant, moisture-resistant, and vibration resistant, among others. It is used in various applications such as packing, transportation, fiber & garment, woodworking, construction, and others.
Highlights from Hot Melt Glue Sticks Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | 3M (United States), Kenyon Group Limited (United Kingdom), Tex Year Industrial Adhesives Pvt Ltd (India), Cattie Adhesives (United States), UHU GmbH & Co. KG (Germany), Power Adhesives Ltd (United Kingdom), Stanley Black & Decker, Inc. (United States), Bostik (United States), FPC Corporation (United States) and Adhesive Technologies, Inc. (United States) |
The global hot melt glue sticks market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. Some of the major players operating in this market are 3M (United States), Kenyon Group Limited (United Kingdom), among others. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Hot Melt Glue Sticks market throughout the forecasted period.
3M (United States), Kenyon Group Limited (United Kingdom), Tex Year Industrial Adhesives Pvt Ltd (India), Cattie Adhesives (United States), UHU GmbH & Co. KG (Germany), Power Adhesives Ltd (United Kingdom), Stanley Black & Decker, Inc. (United States), Bostik (United States), FPC Corporation (United States) and Adhesive Technologies, Inc. (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are PAM Fastening Technology (United States), Buhnen (Germany), Hot Stick Adhesives (United States), Gluefast (United States), Wickes (United Kingdom) and Anhui Goldmen Industry & Trading (China). Hot Melt Glue Sticks Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Packing, Transportation, Fiber & Garment, Woodworking, Construction and Other |
Raw Material | Epoxy,Acrylic,Polyurethane,Other |
Diameter | 0-5mm,5mm-10mm,10mm-15mm,15mm or above |
On the basis of geography, the market of Hot Melt Glue Sticks has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technology Advancement regarding Hot Melt Glue Sticks
Market Growth Drivers:
Increase Usage of Hot Melt Glue Sticks in a Wide Range of Applications and Increasing Spending Power in Developing Economies
Challenges:
Volatility in Raw Material Prices as well as Lower Thermal Resistance and Issue related to maintaining a balance between the Cost of Production and Selling Price
Restraints:
Problem-related to Difficulty in Usage of Hard-To-Bond Substances
Opportunities:
Growing Demand from Emerging Economics such as China, India, among others
Key Target Audience
Hot Melt Glue Sticks Companies, Research and Development Companies, Government Regulatory Authorities, Product Sales and Distribution Companies, Market Research and Consulting Firms and Others
Market Leaders & Development Strategies
In 2016, Bostik acquired Den Braven, a European manufacturer of sealants and adhesives. This acquisition expanded Bostik's product offerings and market presence in Europe.
There has been a growing emphasis on developing eco-friendly hot melt glue sticks. Manufacturers are exploring formulations that use renewable or biodegradable materials to reduce environmental impact