Hot Melt Adhesives Market Analysis – Global Industry Size, Share, Trends and Forecast, 2014 – 2024

Category : Chemicals and Materials | Delivery Format : PDF | Status: Forthcoming | Report ID : ARC425

Introduction

Hot melt adhesive are also known as hot glue and are usually thermoplastic adhesives that are commonly marketed in solid with cylindrical form of different diameters. Hot melt adhesives are produced in such a way that when it melts, it can melt in an electric hot glue gun. These adhesives have special and diverse advantages of being fast processing as compared to other traditional adhesives. Despite solvent based and waterbased adhesives, hot melt adhesives do not require the process of drying after their application. Hot melt adhesives begin the process of bonding immediately after its application on the concerned object since it cools down very quickly and attains its solidification point immediately. This feature of fast solidification of hot melt adhesives is best suited for its application in industries which require bonding versatility, high speed manufacturing line, fast green strength, minimal shrinkage and large gap filling. Some of the other major applications of hot melt adhesives include automotives, textiles, consumer products and footwear. Textile applications of hot melt adhesives include interlinings, apparel assembly and panel bonding among others. Automotive applications of hot melt adhesives include fabric edge turns, headliner assembly, seat laminations and door panel fabric attachment among others. On the other hand, the consumer applications of hot melt adhesives include craft & apparel products as well as general assembly products.

Market Dynamics

Rising demand for hot melt adhesives especially from companies involved in high speed manufacturing lines is one of the key factors driving the growth of hot melt adhesive market. In addition, changing trend across packaging industry, which is considered to be the largest end user of hot malt adhesives, is anticipated to bolster the demand for hot melt adhesives across the globe. Also, regulation by Environment Protection Agency, especially in the U.S. and other European countries for the use of eco friendly products is further anticipated to bring surge in the overall demand for hot melt adhesive products in the foreseeable years. Moreover, hot melt adhesives find applications in disposable products and applications such as feminine hygiene, baby diapers and adult incontinence products. Baby diapers in the disposables segment are considered to be the major consumers of hot melt adhesives over the forecast period while adult incontinence products account for a relatively smaller fraction of the demand. Rapid increase in investments especially in the construction industry primarily in the developing Asia-Pacific and Middle East & Africa regions is another key factor boosting demand for hot melt adhesives over the forecast period.

Market Classification

The global hot melt adhesives market can be segmented on the basis of product type and application and geography. On the basis of product type, the global hot melt adhesives market can be segmented into styrenic block copolymers (SBC), metallocene polyolefin (mPO), ethylene-vinyl acetate (EVA), amorphous poly-alphaolefin (APAO), polyurethane (PU), polyamide and others. On the basis of application, the global hot melt adhesives market can be segmented into packaging, non-woven disposables, pressure sensitive applications, construction and furniture, book binding, automotive and others.

Report Coverage

Market

Global Hot Melt Adhesives Market

Analysis Period

2014 – 2024

Historic Data

2014 – 2015

Base Year

2016

Forecast Data

2017 – 2024

Market Stratification

Product Type, Applications, Geography

Regional Scope

North America, Europe, Asia-Pacific, Latin America, Middle East and Africa (MEA)

Report Coverage

Market Trends, Drivers, Restraints, Porter's Five Forces Analysis, Competitive Analysis,

Player Profiling, Value Chain Analysis

 

Market Participants

Major players operating in the global hot melt adhesives market are focusing on some key market strategies such as mergers and acquisitions to keep hold in ever competitive market. Moreover, they are concentrating on collaborating with local players to increase their market reach as well as strengthen their goodwill in the global market. Some of the major players in the global hot melt adhesive market include Dow Corning Corporation, Avery Dennison Corporation, Henkel AG, Sika AG, Beardow & Adams (Adhesive) Ltd, H. B. Fuller, Hexcel Corporation, Bostik Inc., Ashland Inc., Worthen Industries, Inc., 3M Corporation, Jowat AG, American Chemical Inc. Huntsman Corp, BEMIS Associates Inc., and Dynea OY among others.

Market Segmentation

Market By Product Type

·         Styrenic block copolymers (SBC)

·         Metallocene polyolefin (mPO)

·         Ethylene-vinyl acetate (EVA)

·         Amorphous poly-alphaolefin (APAO)

·         Polyurethane (PU)

·         Polyamide

·         Others

Market By Application

·         Packaging

·         Non-woven disposables

·         Pressure sensitive applications

·         Construction and furniture

·         Book binding

·         Automotive

·         Others

Market By Geography

·         North America

o   US

o   Canada

o   Mexico

·         Europe

o   UK

o   Germany

o   France

o   Rest of Europe

·         Asia-Pacific

o   China

o   Japan

o   India

o   Australia

o   Rest of Asia-Pacific

·         Latin America

o    Brazil

o   Chile

o   Rest of Latin America

·         Middle East and Africa (MEA)

o   South Africa

o   Saudi Arabia

o   Rest of MEA


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