May 19, 2024

Global Hot Melt Adhesives Market is expected to grow by USD 21 Billion during 2023-2030, accelerating at a CAGR of 4.3%.

Market Overview:

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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The report summarizes all the information collected and serves the customer’s requirements. However, these market analyses help in understanding market growth at both global and regional levels. For market data analysis, we have market panorama tools such as Market Dynamics, Competitor Analysis, PESTEL Analysis, SWOT Analysis, Porter Five Forces Analysis, Value Chain Analysis, Technology Roadmap and Evolution, Regulatory Framework, Price Trend Analysis, Patent Analysis, Covid-19 Impact Analysis, Russia-Ukraine War Impact and others.

Segmentation Analysis of the Hot Melt Adhesives Market:

By Type         

  • Ethylene-Vinyl Acetate (EVA)
  • Styrenic Block Copolymers
  • Metallocene PO (mPO)
  • Polyamide
  • Polyolefins
  • Others

By Application          

  • Packaging Solutions
  • Nonwoven Hygiene Products
  • Furniture & Woodwork
  • Bookbinding
  • Other

By Region     

  • 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.

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