What is Hot Glue Market?
Hot glue is also known as hot melt adhesives (HMA). Hot glue is a form of thermoplastic adhesive and it is commonly sold as solid cylindrical sticks of various diameters, which is designed to be applied using a hot glue gun. Hot glues forms a strong and long lasting bond, well suited to applications that need a long-lasting adhesive. The environmental factors such as moisture, humidity and other conditions won’t interface with setting or durability of the bond. This properties of the hot glue makes the adhesives appropriate for outdoor repairs or crafts intended to be displayed outside or exposed to water. Hot glues are minimal waste and extremely safe compounds. It is widely used in the packaging, bookbinding and product manufacturing industries.
The market study is being classified by Type (Ethylene Vinyl Acetate (EVA), Styrenic Block Copolymer (SBC), Amorphous Poly-Alpha-Olefin (AMOP), Metallocene Polyolefins (MPO), Polyamide (PA), Polyester and Others), by Application (Packaging, Disposables, Pressure Sensitive Products, Book Binding, Furniture, Footwear, Automobile, Electronics, Textiles and Others) and major geographies with country level break-up.
3M Company (United States), H.B. Fuller (United States), Arkema (France), Dow Corning (United States), Henkel Chemicals company (Germany), Jowat SE (Germany), Sika AG (Switzerland), Beardow & Adams (Adhesives) Company (United Kingdom), Hexcel (United States) and Bostik (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Toyobo (Japan), Avery Dennison Corporation (United States), Tex Year Industries Inc. (India) and Huntsman Corp. (United States).
Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Hot Glue market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Hot Glue market by Type, Application and Region.
On the basis of geography, the market of Hot Glue 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.
Market Drivers
- Rapid Expansion of the Packaging Industry
- Long-Lasting and Set Up As Quickly
- High Efficiency and Low Cost of Hot Glue
- Increased Demand for Substitution for Other Adhesives
Market Trend
- Demand for Eco-Friendly Adhesives
Restraints
- Greatly Influenced By Temperature Differences
- Poor Performance in Corrosion Resistance
Opportunities
- Increasing Demand from Automobile and Aerospace Industry
- Growing Demand from Packaging Industry
Challenges
- Fluctuations in the Raw Material Prices
On 31st July 2018, H. B. Fuller has launched a new temperature hot melt adhesive Advantra LT 9135 for packaging production lines. It is designed to save 15% less adhesive than other low temperature solutions, and is particularly suited to fast moving packaging production lines such as e-commerce retailing.
Key Target Audience
Hot Glue Manufacturers, Raw Material Suppliers/ Buyers, Distributors, Government Body & Associations and End-user