Global Hot Melt Adhesives Market Overview:
Hot Melt Adhesives are manufacturing strength adhesives which are firstly thermally melted and then are allowed to cool which helps in order to get their adhesive properties. These adhesives are primarily made up of a combination of one or more polymers and additives such as resins and pigments that deliver different characteristics to various adhesives. Hot melt adhesives are known for their polymer bases, which enables them to provide different types adhesives like ethylene vinyl acetate, polyamide, and polyurethanes for various kind of industries and applications, which indeed includes packing, product assembly, woodworking, and product labeling. The huge growth in the packaging industry is playing an eminent role in the growth of the hot melt adhesives market.
As per latest study released by AMA Research, the Global Hot Melt Adhesives market is expected to see growth rate of 4.8%Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Increasing Demand from the Paper, Board and Packaging Industry and Adopting Bio-Based Adhesives In Order to Replace the Chemical-Based Ones
Market Growth Drivers:
Increasing Demand from the Automotive and Packaging Industries, Increasing Replacement of Other Adhesive Technologies by Hmas and High Demand for Hmas In Various DIY Applications
Challenges:
Difficulty in Usage on Hard-To-Bond Substances
Restraints:
Issues Related to Lower Thermal Resistance and Volatility in the Availability and Price of Raw Materials
Opportunities:
Increasing Development of Bio-Based Hot Melt Adhesives in both Developed and Developing Countries, Successful Packaging and Nonwoven Applications in Asia-Pacific and Increasing Use of Hmas in Road Marking Application
Competitive Landscape:
The market is seeing moderate market players, by seeing huge growth in this market the key leading vendors are highly focusing on production technologies, efficiency enhancement, and product life. This market has various growth opportunities that leading players capture via tracking the ongoing process enhancement and huge investment in market growth strategies.
Some of the key players profiled in the report are 3M Company (United States), Arkema (France), Dow Corning (United States), H.B. Fuller (United States), Henkel AG & Company KGaA (Germany), Jowat SE (Germany), Beardow & Adams (Adhesives) Limited (United Kingdom), Sika AG (Switzerland), Huntsman (United States) and Illinois Tool Works (ITW) (United States). Additionally, following companies can also be profiled that are part of our coverage like Avery Dennison Corporation (United States), Adhesive Direct (United Kingdom), Buhnen GmbH & Co. Kg (Germany), Daubert Chemical Company (United States), Evans Adhesive Corporation Ltd. (United States), Evonik Industries AG (Germany), Helmitin Adhesives (United States) and Klebchemie GmbH & Co. Kg (Germany). Analyst at AMA Research see Global Vendors to retain maximum share of Global Hot Melt Adhesives market by 2030. Considering Market by Packaging Solutions, the sub-segment i.e. Corrugated Boxes and Trays will boost the Hot Melt Adhesives market.
Latest Market Insights:
In January 2022, H.B. Fuller acquired Apollo, a UK-based manufacturer of adhesives used in roofing and construction. This acquisition strengthens H.B. Fuller's presence in the UK and European construction adhesives market, expands its roofing product portfolio, and provides a local manufacturing footprint.
In February 2021, Henkel introduced Technomelt Supra ECO, a new range of sustainable hot melt adhesives with bio-based polymers.
What Can be Explored with the Hot Melt Adhesives Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Hot Melt Adhesives Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Hot Melt Adhesives
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Hot Melt Adhesives market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Hot Melt Adhesives market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes HMA manufacturers, HMA traders, distributors, and suppliers, Raw material suppliers, Government and research organizations, Regulatory bodies and Associations and industry bodies.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.