PUBLISHER: The Insight Partners | PRODUCT CODE: 1872737
PUBLISHER: The Insight Partners | PRODUCT CODE: 1872737
The hot melt adhesives market size was valued at US$ 8.86 billion in 2024 and is expected to reach US$ 13.34 billion by 2031; it is estimated to register a CAGR of 6.2% from 2025 to 2031.
Hot melt adhesives are rapidly gaining popularity in a variety of industries due to their superior performance compared to traditional solvent-based adhesives. Key advantages such as quick setting time, adaptability, resistance to water and moisture, and eco-friendliness make HMAs an ideal solution for food and consumer goods packaging, furniture assembly, and various industrial applications. Unlike solvent-based adhesives, hot melt adhesives do not require drying or curing, which significantly reduces processing time and increases manufacturing efficiency. This makes them particularly useful in high-speed industrial applications where rapid adhesion and low downtime are required.
By application, the market is segmented into packaging, construction, automotive, furniture, footwear, electronics, and others. The packaging segment held a larger market share in 2024. The packaging applications of hot melt adhesives mainly include carton or box sealing, bottle labeling, paper bag manufacturing, and bag assembly. Glue sticks, ethylene vinyl acetate-based hot melts, polyurethane hot melt adhesives, and waxes are used in these applications. Hot melt sticks are mainly used for wooden box closing. These adhesives are preferred over water-based adhesives due to shorter set time, better adhesion, and water-resistance. Hot melt adhesives can firmly adhere to all types of materials. They work well on various substrates and resist moisture, making them ideal for food, beverage, and e-commerce packaging.
Asia Pacific dominated the hot melt adhesives market share in terms of revenue in 2024. The shift in preference toward completely decomposable and biodegradable materials is emerging as a challenge as well as an opportunity for adhesive manufacturers, especially in the Asia Pacific, which is projected to be the largest consumer of hot melt adhesives during the forecast period. The hot melt adhesives market in the Asia Pacific is expected to witness the highest growth in the upcoming years; this is mainly attributed to the rise in need for medical and hygiene products such as PPE suits, medical supplies, personal hygiene products, masks, ventilators, and paper products, which would propel the demand for hot melt adhesives. In addition to the rising need for PPE suits from the healthcare sector, increasing the use of packaging products in the FMCG and e-commerce sectors would bolster the demand for hot melt adhesives in countries such as India and China. Bostik has introduced new technology and materials such as Kizen, a hot melt adhesive mainly designed for cardboard packaging based on water-white technology. This is to ensure the safe delivery of goods to customers, which further combines ease of utilization with the strong bond performance of hot melt adhesive.
Some of the key players operating in the global hot melt adhesives market include H.B. Fuller Company, Henkel AG & Company KGaA, Arkema, 3M, Sika AG, Jowat SE, Hexcel Corporation, The Dow Chemical Company, Gorilla Glue Company, and DIC CORPORATION. Players operating in the hot melt adhesives market focus on providing high-quality products to fulfill customer demand. Also, they are focusing on launching new and high-quality products for their customers.
The overall global hot melt adhesives market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the hot melt adhesives market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain more analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers-along with external consultants such as valuation experts, research analysts, and key opinion leaders-specializing in the hot melt adhesives market.