PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1840920
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1840920
The hot-melt adhesives market is expected to grow from USD 9.18 billion in 2025 to USD 11.13 billion by 2030, at a CAGR of 3.93% during the forecast period.
Scope of the Report | |
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Years Considered for the Study | 2020-2030 |
Base Year | 2024 |
Forecast Period | 2025-2030 |
Units Considered | Value (USD Million) Volume (Kilotons) |
Segments | Resin Type, Application, and Region |
Regions covered | Asia Pacific, Europe, North America, Middle East & Africa, and South America |
R&D continues an upward trend, contributing to reformulations of hot-melt adhesives with better heat resistance, flexibility, and substrate adhesion than before. For instance, reactive polyurethane hot melts yield better chemical and moisture resistance and extend options for applications in demanding markets like automotive and electronics. Advances in nanotechnology and polymer science produce adhesives with fewer layers to yield stronger adhesion and performance. It is also becoming commonplace to save energy in the application process while increasing production efficiency. The manufacturers will continue to ask for multifunctional adhesives that can meet sustainability goals, driving innovation and technological developments to make the adhesives a long-term growth opportunity in the markets in which they are sold.
The styrenic block copolymers segment accounted for the second-largest share in the hot-melt adhesives market, in terms of value, in 2024.
The styrenic block copolymers resin type held the second largest share of the hot-melt adhesives market in 2024. Styrenic block copolymers provide great toughness and elasticity, making them highly effective bonding materials in heavy-duty applications when using standard bonding materials that may fail. They also provide long-lasting adhesion capabilities in situations where a product encounters vibration, bending, or mechanical stress, which has resulted in adoption in footwear, automotive interiors, and flexible packaging. The balance of added rigidity and further elasticity benefits product performance to endure repeated use while maintaining longevity, thus strengthening trust with consumers and representing quality. This level of durability fosters demand, particularly in markets where product performance under pressure is not negotiable to a brand's credibility.
The furniture & woodwork segment was the third-largest segment, in terms of value, of the global hot-melt adhesives market.
Adhesives in furniture and woodworking applications must provide a strong and durable bond to withstand stress, load, and extended use. Hot-melt adhesives fulfill this need by providing high initial tack and bond strength, which enables reliable assembly of components (e.g., panels, frames, and joints). Hot-melt adhesives offer value-added acceleration in production settings without sacrificing quality. With increasing consumer expectations of furniture being strong and durable, adhesives that can promise structural integrity are more sought after. The need for reliable bonding in this sector continues to establish hot-melt adhesives as an important component in modern woodworking and furniture manufacturing.
"The Middle East & Africa is estimated to be the second fastest-growing hot-melt adhesives market, in terms of value."
The Middle East & Africa is experiencing growth in demand for hygiene products, including baby diapers, sanitary pads, and adult incontinence products. In Africa, this demand is buoyed by increased birth rates, while the Middle East demonstrates an increase in awareness surrounding hygiene. Hot-melt adhesives are essential in the bonding of nonwoven fabrics and elastics for products in this category. Local and international manufacturers are beginning to open production capabilities in countries where populations are notoriously high, like Nigeria and Egypt. High-performance adhesives must be offered to ensure flexibility, softness, and tensile bond strength in product performance, making this segment a major driving force in growth.
The key players profiled in the report include Henkel AG & Co. KGaA (Germany), H.B. Fuller Company (US), Jowat SE (Germany), 3M Company (US), Arkema (France), Dow Inc. (US), Texyear Industries Inc. (Taiwan), Kleiberit SE & Co. KG (Germany), Sika AG (Switzerland), and Avery Dennison Corporation (US).
Research Coverage
This report segments the market for hot-melt adhesives based on resin type, application, and region and provides estimations of value (USD million) for the overall market size across various regions. It has also conducted a detailed analysis of key industry players to provide insights into their business overviews, services, and key strategies associated with the market for hot-melt adhesives.
Reasons to Buy this Report
This research report is focused on various levels of analysis - industry analysis (industry trends), market share analysis of top players, and company profiles, which together provide an overall view of the competitive landscape, emerging and high-growth segments of the hot-melt adhesives market; high-growth regions; and market drivers, restraints, and opportunities.