The Global Hot Melt Adhesives Market size was valued at USD 15 Billion in 2022 and is projected to reach USD 21 Billion by 2030, growing at a CAGR of 4.3% from 2022 to 2030.
Hot-melt adhesives (also known as hot glue) are generally 100% solid formulations based on thermoplastic polymers (no water or solvents are involved). Hot melts are sold in a solid state at room temperature and are ‘activated’ upon heating beyond their softening point which is usually between 50 and 160 degrees. Hot melt adhesives are applied using a hot glue gun.
Top Key Players for Hot Melt Adhesives Market:
Henkel AG & Co. KGaA(Germany), H.B. Fuller Company (U.S.), 3M Company (U.S.), Arkema Group (France), Sika AG (Switzerland), Avery Dennison Corporation (U.S.), Dow Chemical Company(U.S.), Jowat SE (Germany), Beardow Adams Group (U.K.), Bostik (France), Bühnen GmbH & Co. KG (Germany), Sipol Adhesives (Spain), Hexion Inc. (U.S.), Tex Year Industries Inc. (Taiwan), Kleiberit Adhesives (Germany), And Other Major Players.
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Segmentation Analysis of the Hot Melt Adhesives Market:
- Ethylene-Vinyl Acetate (EVA)
- Styrenic Block Copolymers
- Metallocene PO (mPO)
- Packaging Solutions
- Nonwoven Hygiene Products
- Furniture & Woodwork
- North America (U.S., Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
Key Industry Developments in the Hot Melt Adhesives Market
February 2022 – H.B. Fuller Company acquired the Belgium-based company Fourny NV, a provider of construction adhesives with experience in technologies focused on commercial roofing, construction, and other private-label industrial specialties. According to the company, Fourny’s position in the commercial roofing business will allow the localization of products imported from the U.S.
January 2022 – H.B. Fuller Company acquired Apollo, the U.K.-based independent maker of liquid adhesives, coatings, and primers for the roofing, industrial, and construction sectors. The addition of this firm will increase the company’s share of important construction markets in the U.K. and across Europe.