Hot-Melt-Based Adhesives Global Market Report 2023

“Hot-Melt-Based Adhesives Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on hot-melt-based adhesives market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for hot-melt-based adhesives ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The hot-melt-based adhesives market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Type: Thermoplastic Polyurethane; Ethylene Vinyl Acetate; Styrenic-butadiene Copolymers; Polyolefins; Polyamide; Other Resin Types

2) By Application: Packaging Solutions; Nonwoven Hygiene Products; Furniture & Woodwork; Bookbinding; Other Applications

3) By End User: Building and Construction; Packaging; Transportation; Electrical and Electronic Appliances; Healthcare; Other End Users

Companies Mentioned: Jowat Se; Sika AG; Tex Year Industries Inc.; DowDuPont; Costchem SRL

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Major players in the hot-melt-based adhesives market are: Jowat Se, Sika AG, Tex Year Industries Inc., DowDuPont, Costchem SRL, American Chemical Inc., Bostik Inc., Huntsman Corp., Beardow & Adams Ltd., and Hexcel Corporation.

The global hot-melt-based adhesives market will grow from $15.65 billion in 2022 to $17.04 billion in 2023 at a compound annual growth rate (CAGR) of 8.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services effecting many markets across the globe. The hot-melt-based adhesives market is expected to grow from $23.54 billion in 2027 at CAGR of 8.4%.

The hot-melt-based adhesives market consists of the sales of hot-melt pressure-sensitive adhesives, and poly amides hot-melt adhesives. Values in this market are: 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The hot-melt-based adhesives are thermoplastic adhesives that are heated to create a melt before applying to the surface and is designed to be melted in an electric hot glue gun. The hot-melt-based adhesives are marketed in a solid state at room temperature and these are activated through heating beyond their softening point between 50 and 160 degrees.

Asia Pacific was the largest region in the hot-melt-based adhesives market in 2022. North America was the second-largest region in the hot-melt-based adhesives market. The regions covered in the hot-melt-based adhesives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The main types of hot-melt-based adhesives are thermoplastic polyurethane, ethylene vinyl acetate, styrenic-butadiene copolymers, polyolefins, polyamide, and other resin types. Polyamide is a polymer in which the amide group (CONH) connects the monomer units. The hot-melt-based adhesives are applied in packaging solutions, nonwoven hygiene products, furniture and woodwork, bookbinding, and other sectors that are used by building and construction, packaging, transportation, electrical and electronic appliances, healthcare, and other industries.

With growing awareness to preserve the environment, customers/consumers are fetching for eco-friendly products. Features like affordability, non-release of VOC into the environment, longer shelf life, reusability without degradation, and fast-drying ability are making hot melt adhesives as environmentally friendly adhesives when compared to other adhesives. For example, companies such as Bostik are providing hot-melt polyurethane adhesive for the textile industry by using a solventless technology that reduces the usage of hazardous solvents like methylene chloride. Hot-melt polyurethane adhesive has seen visible success in Asian underwear, sportswear, and medical garment manufacturers. The increasing demand for hot-melt polyurethane adhesives will drive the hot melt adhesives market.

Many products produced by adhesives companies are potentially hazardous during the manufacturing stages. This is mainly because the manufacturing processes involve high temperatures and high-pressure reactions, which can be dangerous unless controlled carefully. In addition, some of these manufactured dyes harm both living organisms and the environment. Due to this, regulations in the adhesives industry-in assessing and managing the risks involved in the manufacturing, transporting, and disposing of chemicals-increased in the historical period. Adhesives have to be compliant with complex regulations that govern the labeling, handling, manufacturing, shipping, and storage of the product. Additional compliance costs for these changing regulations, as different countries and geographies have different regulations, were a major restraint for hot melt-based adhesives companies.

Many hot melt-based adhesive companies are adopting IoT (Internet of Things) technologies to connect equipment and smart devices to garner real-time insights and locate gaps in the manufacturing process. The data obtained is processed, analyzed, and interpreted by plant managers and senior-level management to improve quality and achieve optimum production levels. For example, smart systems give information on the working condition and performance of chemical reactors with embedded software and analytics tools to notify plant operators and managers of possible machine breakdowns. For instance, some of the major companies adopting IoT include BASF SE, The Dow Chemical Company, and H.B. Fuller.

The countries covered in the hot melt-based adhesives market are: Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, UK, USA, and Australia.

The market value is defined as the revenues that enterprises gain from goods and/or services sold within the specified market and geography through sales, grants, or donations in terms of currency (in USD ($) unless otherwise specified).

The revenues for a specified geography are consumption values - that is, they are revenues generated by organizations in the specified geography within the specified market, irrespective of where they are produced. It does not include revenues from resales either further along the supply chain or as part of other products.

The hot-melt-based adhesives market research report is one of a series of new reports from The Business Research Company that provides hot-melt-based adhesives market statistics, including hot-melt-based adhesives industry global market size, regional shares, competitors with a hot-melt-based adhesives market share, detailed hot-melt-based adhesives market segments, market trends and opportunities, and any further data you may need to thrive in the hot-melt-based adhesives industry. This hot-melt-based adhesives market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.