The global demand for Hot Melt Adhesive Market is presumed to reach the valuation of nearlyUSD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period of 2022-2028. Whereas with regards to volume, the market was calculated XX KT in 2021 and foreseen to touch XX KT by 2028 with a CAGR of XX% during 2022-2028.
Hot melt adhesives popularly known as hot glue and are formulated based on thermoplastic polymers which will be able to softened and reshaped on heating beyond their melting point. The usage of hot melt adhesives is gaining popularity because of their low processing costs, high stability, strength and superior durability. They are served in a wide group of industries such as packaging solutions, nonwoven sanitation products and furniture & woodwork. Hot melt Adhesives have wide application range in carton sealing of fruits and vegetables boxes, packaged foods and agricultural packaging.
Increasing demand from manufacturing companies is driving the market of hot melt adhesives. Packaging solutions application is expected to lead the hot melt adhesive market owing to its value and volume and provide large demand during the forecast period, due to the growing use of hot melt adhesives in various packaging solution applications, primarily in food packaging. Other major applications of hot melt adhesives includes building and construction, clear case bonding, soap and bubble gum wrapper coating, automotive headlights and glue sticks.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of hot melt adhesive.
The entire hot melt adhesive market has been sub-categorized into type and application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Ethylene Vinyl Acetate (EVA)
- Styrenic Block Copolymers (SBC)
- Metallocene Polyolefin (MPO)
- Amorphous Polyalphaolefins (APAO)
- Polyurethane (PU)
- Packaging Solutions
- Nonwoven Hygiene Products
- Furniture & Woodwork
This section covers regional segmentation which accentuates on current and future demand for hot melt adhesive market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Hot Melt Adhesive Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the hot melt adhesive market include 3M Company, Arkema, Dow Corning, H.B. Fuller, Henkel AG & Company KGaA, Jowat SE, Beardow & Adams (Adhesives) Limited, and Sika. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers& acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.