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.
Research Scope/Taxonomy
Market Analysis by Raw Material:
Market Analysis by Application
Key Companies Profiled
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.
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
13.3.1.1. U.S.
13.3.1.2. 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
14.3.1.1. Brazil
14.3.1.2. Mexico
14.3.1.3. 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
15.3.1.1. Germany
15.3.1.2. Italy
15.3.1.3. France
15.3.1.4. UK
15.3.1.5. Spain
15.3.1.6. Netherlands
15.3.1.7. Norway
15.3.1.8. Russia
15.3.1.9. 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
16.3.1.1. China
16.3.1.2. Japan
16.3.1.3. South Korea
16.3.1.4. India
16.3.1.5. Indonesia
16.3.1.6. Thailand
16.3.1.7. Vietnam
16.3.1.8. Australia & New Zealand
16.3.1.9. 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
17.4.1.1. Saudi Arabia
17.4.1.2. Turkey
17.4.1.3. U.A.E.
17.4.1.4. 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
18.4.1.1. South Africa
18.4.1.2. Nigeria
18.4.1.3. Egypt
18.4.1.4. 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.
20.7. TEX YEAR INDUSTRIES INC.
20.8. H.B. Fuller Company
20.9. Arkema Group
20.10. Sika AG
20.11. Bostik
20.12. Jowat SE
20.13. AVERY DENNISON CORPORATION
20.14. LyondellBasell Industries Holdings B.V.
20.15. Embagrap SA
20.16. Others