Hot Melt Adhesives Market, By Polymer Base, By Application, By Geography

Description

The hot melt adhesives Market size is valued at US$ 11.18 Bn in 2024 and is expected to reach US$ 14.56 Bn by 2031, growing at a compound annual growth rate (CAGR) of 3.8% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2023/2024:	US$ 11.18 Bn
Historical Data for:	2019 to 2023	Forecast Period:	2024 - 2031
Forecast Period 2023/2024 to 2030/2031 CAGR:	3.80%	2030/2031 Value Projection:	US$ 14.56 Bn

Figure 1. Global Hot Melt Adhesives Market Share (%), By Region, 2024

The global hot melt adhesives market is an important adhesive technology that is seeing rising demand across various end-use industries such as packaging, footwear, automobile, and more. Hot melt adhesives are solid adhesives, when heated to their melting point, become flowable and can be used for bonding various materials. The properties of being non-aqueous, having low moisture sensitivity, and enabling fast bonding have made them popular for manufacturing and assembly applications. The global market is expected to grow substantially in the coming years due to factors such as growth in the packaging and footwear industries, the replacement of solvent-based adhesives with eco-friendly hot melt adhesives, and innovations leading to the development of high performance hot melt adhesives. Hot melt adhesive is an adhesive that is used across packaging, automotive, nonwovens, product assembly, tapes and labels, woodworking, paper bonding, and electronics sectors due to its adhesion properties. It is a thermoplastic polymer containing more than one polymer and additives such as pigments, resins, and stabilizers.

Market Dynamics:

The packaging industry is the largest consumer of hot melt adhesives owing to the rise in e-commerce. Growing footwear and consumer goods sectors, particularly in developing economies, are also pushing market growth. The development of innovative and sustainable product varieties by manufacturers is opening up new application areas and opportunities. However, high dependence on petroleum-based raw materials affects supply stability, and price volatility remains a challenge. Also, the stringent environmental regulations over volatile organic compound emissions can hamper market expansion. Introduction of bio-based hot melt adhesives provides new opportunities by addressing sustainability issues.

Key Features of the Study:

This report provides an in-depth analysis of the global hot melt adhesives market, and provides market size (US$ Bn) and compound annual growth rate (CAGR %) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global hot melt adhesives market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies.
Key companies covered as a part of this study include Henkel AG & Co., KGaA, H B Fuller, Sika AG, Arkema Group, Ashland Inc., The 3M Company, Jowat AG, Sipol SpA, Palmetto Adhesives Company, Sealock Ltd.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up gradation, market expansion, and marketing tactics.
Global hot melt adhesives market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global hot melt adhesives market.

Detailed Segmentation:

Global Hot Melt Adhesives Market, By Polymer Base
- Ethylene Vinyl Acetate (EVA)
- Polyolefin
- Polyamide
- Styrenic Block Copolymers (SBC)
- Others
Global Hot Melt Adhesives Market, By Application
- Packaging
- Automotive
- Construction
- Healthcare Products
- Others
Global Hot Melt Adhesives Market, By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East
- Africa
Top Companies in the Global Hot Melt Adhesives Market
- Henkel AG & Co.
- KGaA, H B Fuller
- Sika AG
- Arkema Group
- Ashland Inc.
- The 3M Company
- Jowat AG
- Sipol SpA
- Palmetto Adhesives Company
- Sealock Ltd

Product Code: CMI4387

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Polymer Base
- Market Snippet, By Application
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
Increasing demand from furniture industry
Growth in nonwoven hygiene products
Growing packaging industry
- Restraints
Stringent regulations regarding VOCs emissions
Volatility in raw material prices
- Opportunities
Product development for new applications
Market expansion in developing countries
Key Highlights
Regulatory Scenario
Recent Trends
Product Launches/Approvals
PEST Analysis
PORTER's Analysis
Mergers, Acquisitions, and Collaborations

4. Global Hot Melt Adhesives Market - Impact of Coronavirus (COVID-19) Pandemic

COVID-19 Epidemiology
Supply Side and Demand Side Analysis
Economic Impact

5. Global Hot Melt Adhesives Market, By Polymer Base, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024-2031(%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Ethylene Vinyl Acetate (EVA)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Bn)
Polyolefin
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Bn)
Polyamide
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Bn)
Styrenic Block Copolymers (SBC)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Bn)
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Bn)

6. Global Hot Melt Adhesives Market, By Application, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024-2031(%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Packaging
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Bn)
Automotive
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Bn)
Construction
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Bn)
Healthcare Products
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Bn)
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Bn)

7. Global Hot Melt Adhesives Market, By Region, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, By Region, 2024-2031(%)
- Y-o-Y Growth Analysis, For Region, 2019 - 2031
- Country Trends
North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Polymer Base, 2019-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019-2031,(US$ Bn)
U.S.
Canada
Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Polymer Base, 2019-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019-2031,(US$ Bn)
Germany
U.K.
Spain
France
Italy
Russia
Rest of Europe
Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Polymer Base, 2019-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019-2031,(US$ Bn)
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Polymer Base, 2019-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019-2031,(US$ Bn)
Brazil
Argentina
Mexico
Rest of Latin America
Middle East
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Polymer Base, 2019-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019-2031,(US$ Bn)
GCC Countries
Israel
Rest of Middle East
Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Polymer Base, 2019-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country/Region, 2019-2031,(US$ Bn)
South Africa
Central Africa
North Africa

8. Competitive Landscape

Company Profile
- Henkel AG & Co.
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
- KGaA, H B Fuller
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
- Sika AG
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
- Arkema Group
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
- Ashland Inc.
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
- The 3M Company
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
- Jowat AG
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
- Sipol SpA
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
- Palmetto Adhesives Company
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
- Sealock Ltd.
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Analyst Views

9. Section

References
Research Methodology
About us