Hot Melt Adhesives Market

Hot Melt Adhesives Market by Technology, Application & Region – Forecast 2023 to 2033

Sticking to Innovation Emerging Trends and Drivers in the Global Hot Melt Adhesives Industry

Category: Chemicals & Materials Published Date : Feb-23 ID: CVC-97335 Format: PDF Pages: 300

Report Highlights
According to a research survey conducted by ChemView Consulting, in 2023, Hot Melt Adhesives Market was worth US $ 9.55 Bn . The market is expected to grow at a CAGR of 4.80% between 2023 and 2033 to hit US $ 15.26 Bn by 2033 end.

Key Market Trends

The Key to Fast and Efficient Assembly

With its fast and efficient assembly properties, hot melt adhesives are becoming a popular choice for various applications, creating a wide range of opportunities in the market.

The Future of Sustainable Assembly Solutions

With its eco-friendly properties, hot melt adhesives are becoming a popular choice for sustainable assembly solutions, making it a future-proof investment in the market.

The Essential Element in Improving Assembly Efficiency

With its role in improving assembly efficiency, hot melt adhesives are an essential element in various industries, creating a wide range of opportunities in the market.

Market Drivers:

Advancements in Packaging and Non-Woven Industries

The advancements in the packaging industry, such as the growth of e-commerce and the need for sustainable packaging solutions, are driving the demand for hot melt adhesives as they offer excellent bonding strength and flexibility. The growth in the non-woven industry, particularly in the hygiene and medical sectors, is also contributing to the demand for hot melt adhesives as they provide excellent adhesion to non-woven materials.

The trend towards lightweight and eco-friendly products is creating opportunities for hot melt adhesives as they can bond a variety of substrates with less waste and reduced energy consumption.

Segmentation Insights

After conducting a thorough analysis of the Hot Melt Adhesives Market, we have identified the top three trending segments in the industry. These segments are experiencing significant growth, high demand, and widespread adoption.

Most Popular (Fastest Growth Rate)

Ethylene Vinyl Acetate (EVA) (Packaging Application)

Ethylene Vinyl Acetate (EVA) is the most popular raw material in the Hot Melt Adhesives Market due to its extensive usage in the packaging application. They are widely used in various packaging materials, including cartons, boxes, and bags, providing a strong and reliable adhesion solution. EVA’s excellent properties such as low-temperature flexibility, fast setting time, and high bond strength make them the preferred choice for the packaging application.

Most Selling (Largest Market Share)

(Polyolefins – Assembly Application)

Polyolefins are the most selling raw material in the Hot Melt Adhesives Market due to their extensive usage in the assembly application. They are widely used in various assembly applications, including automotive parts, electronics, and furniture, providing a fast and efficient bonding solution. Polyolefins’ excellent properties such as low odor, high clarity, and low viscosity make them the go-to choice for the assembly application.

Trending (Gaining Traction)

Styrenic Block Copolymers (SBC) (Woodworking Application)

Styrenic Block Copolymers (SBC) are gaining significant traction in the Hot Melt Adhesives Market due to their usage in the woodworking application. They are widely used in various woodworking applications, including furniture, flooring, and cabinetry, providing a strong and durable bonding solution. SBC’s excellent properties such as high adhesion to difficult substrates, good thermal stability, and high shear strength make them a trending choice in the woodworking application.

Regional Insights

North America: A Robust Market with Diverse Industries

The North American hot melt adhesives market is experiencing significant growth due to its diverse applications in industries such as packaging, automotive, and construction. The region’s advanced manufacturing capabilities, strong research and development infrastructure, and focus on sustainability make North America a key player in the global hot melt adhesives market. The United States and Canada are leading the market with their innovative technologies and growing demand for high-performance adhesives.

Asia-Pacific: A Rising Market with Rapid Industrial Growth

The Asia-Pacific region, including countries like China, India, and South Korea, has emerged as a major market for hot melt adhesives. The region’s booming industrial sector and expanding applications in packaging, electronics, and construction have contributed to the rising demand for hot melt adhesives. The increasing focus on product development and the cost-competitive advantages of the region make Asia-Pacific an attractive market for hot melt adhesive manufacturers and investors.

Report Includes

Research Scope/Taxonomy
Market Analysis by Raw Material:

  • Ethylene Vinyl Acetate (EVA)
  • Polyolefins
  • Styrenic Block Copolymers (SBC)
  • Polyurethane (PU)
  • Polyester
  • Others

Market Analysis by Application

  • Packaging
  • Assembly
  • Woodworking
  • Transportation
  • Building & Construction
  • Footwear & Leather
  • Nonwovens
  • Bookbinding
  • Others

Analyst Credentials

Key Companies Profiled

  • Exxon Mobil Corporation
  • Dow Inc.
  • 3M
  • Henkel AG & Co. KGaA
  • Sanyhot Adhesivos, S.A.
  • H.B. Fuller Company
  • Arkema Group
  • Sika AG
  • Bostik
  • Jowat SE
  • LyondellBasell Industries Holdings B.V.
  • Embagrap SA

1.1. Global Market Snapshot

1.2. Key Success Factors

1.3. Strategic Analysis and Recommendations

2.1. Market Taxonomy

2.2. Market Definitions

3.1. Preliminary Investigation & Research Design

3.2. Secondary Research & Primary Research

3.3. Data Analysis & Econometric Modelling

3.4. Expert Data Validation

4.1. Supply-Side Trends

4.2. Demand-Side Trends

5.1. Global Market Value (US$ Mn) Analysis, 2017 – 2032

5.2. Incremental $ Opportunity Index, 2022-2032

5.3. Global Market Volume (Tons) Analysis, 2017 – 2032

6.1. Regional Level Pricing Analysis and Forecast

6.1.1. Manufacturers Level Pricing

6.1.2. Distributor Level Pricing

6.2. Global Pricing Analysis Benchmark

6.3. Cost Breakdown Analysis

7.1. Cross Analysis of Application W.R.T. Raw Material

8.1. Regional Supply Vs. Demand Gap Assessment

8.2. Top Producing Countries Analysis

9.1. Macroeconomic Factors

9.2. Forecast Factors

9.3. Market Dynamics

9.3.1. Driver

9.3.2. Restraint

9.3.3. Opportunity

9.4. Supply Chain Analysis

9.4.1. List Raw Material Suppliers

9.4.2. List of Manufacturers

9.4.3. List of Distributors

9.4.4. List of End-Users

9.4.5. End-Users Consumption Analysis

9.4.6. Average Profitability Margin Analysis

9.5. Covid-19 Impact Assessment

9.5.1. Economy/Cluster Projections

9.5.2. Covid-19 Economic Assessment

9.5.3. Impact on Target Market

9.5.4. Recovery Scenario

9.6. Regulatory Framework

9.6.1. Regulations of Key Countries

9.6.2. Potential Impact of Regulations

9.7. Porter’s Five Forces Analysis

9.8. Technology Landscape

10.1. Introduction

10.2. Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By Raw Material [Value (US$ Mn) and Volume (Tons) Analysis]

10.2.1. Ethylene Vinyl Acetate (EVA)

10.2.2. Polyolefins

10.2.3. Styrenic Block Copolymers (SBC)

10.2.4. Polyurethane (PU)

10.2.5. Polyester

10.2.6. Others

10.2.7. Market Attractiveness Analysis by Raw Material

11.1. Introduction

11.2. Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By Application [Value (US$ Mn) and Volume (Tons) Analysis]


11.3.1. Packaging

11.3.2. Assembly

11.3.3. Woodworking

11.3.4. Transportation

11.3.5. Building & Construction

11.3.6. Footwear & Leather

11.3.7. Nonwovens

11.3.8. Bookbinding

11.3.9. Others

12.3.Market Attractiveness Analysis by Application

12.1. Introduction

12.2. Key Market Trends

12.3. Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By Region [Value (US$ Mn) and Volume (Tons) Analysis]

12.3.1. North America

12.3.2. Latin America

12.3.3. Europe

12.3.4. Asia-Pacific

12.3.5. Middle East

12.3.6. Africa

12.4. Market Attractiveness Analysis by Region

13.1. Introduction

13.2. Key Market Trends

13.3. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]

13.3.1. By Country U.S. Canada

13.3.2. By Raw Material

13.3.3. By Application

13.4. Market Attractiveness Analysis

13.4.1. By Country

13.4.2. By Raw Material

13.4.3. By Application

14.1. Introduction

14.2. Key Market Trends

14.3. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]

14.3.1. By Country Brazil Mexico Rest of Latin America

14.3.2. By Raw Material

14.3.3. By Application

14.4. Market Attractiveness Analysis

14.4.1. By Country

14.4.2. By Raw Material

14.4.3. By Application

15.1. Introduction

15.2. Key Market Trends

15.3. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]

15.3.1. By Country Germany Italy France UK Spain Netherlands Norway Russia Rest of Europe

15.3.2. By Raw Material

15.3.3. By Application

15.4. Market Attractiveness Analysis

15.4.1. By Country

15.4.2. By Raw Material

15.4.3. By Application

16.1. Introduction

16.2. Key Market Trends

16.3. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]

16.3.1. By Country China Japan South Korea India Indonesia Thailand Vietnam Australia & New Zealand Rest of Asia-Pacific

16.3.2. By Raw Material

16.3.3. By Application

16.4. Market Attractiveness Analysis

16.4.1. By Country

16.4.2. By Raw Material

16.4.3. By Application

17.1. Introduction

17.2. Key Market Trends

17.3. Pricing Analysis

17.4. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]

17.4.1. By Country Saudi Arabia Turkey U.A.E. Rest of the Middle East

17.4.2. By Raw Material

17.4.3. By Application

17.5. Market Attractiveness Analysis

17.5.1. By Country

17.5.2. By Raw Material

17.5.3. By Application

18.1. Introduction

18.2. Key Market Trends

18.3. Pricing Analysis

18.4. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]

18.4.1. By Country South Africa Nigeria Egypt Rest of Africa

18.4.2. By Raw Material

18.4.3. By Application

18.5. Market Attractiveness Analysis

18.5.1. By Country

18.5.2. By Raw Material

18.5.3. By Application

19.1. Tier Structure Breakdown

19.2. Market Share Analysis

19.3. Production Capacity Analysis

19.4. Company Footprint Analysis

19.4.1. Product Footprint of Players

19.4.2. Regional Footprint of Players

19.4.3. Channel Footprint of Players

19.5. Brand Preference Analysis

19.6. Competition Dashboard

20.1. Exxon Mobil Corporation.

20.1.1. Company Overview

20.1.2. Product & Financial Portfolio

20.1.3. Manufacturing Facilities

20.1.4. Recent Developments

20.1.5. SWOT Analysis

20.1.6. Strategy Overview

20.2. Dow Inc.

20.3. 3M

20.4. Henkel AG & Co. KGaA

20.5. MELER

20.6. Sanyhot Adhesivos, S.A.


20.8. H.B. Fuller Company

20.9. Arkema Group

20.10. Sika AG

20.11. Bostik

20.12. Jowat SE


20.14. LyondellBasell Industries Holdings B.V.

20.15. Embagrap SA

20.16. Others