PUBLISHER: Verified Market Research | PRODUCT CODE: 1733612
PUBLISHER: Verified Market Research | PRODUCT CODE: 1733612
Europe And North America Hot Melt Adhesives Market size was valued at USD 4155.66 Million in 2024 and is projected to reach USD 6504 .47 Million by 2032, growing at a CAGR of 5.76% from 2026 to 2032.
Growing demand concerning the properties such as rapid bond formation, quicker dry time, and quick adhesion is a key growth driver for Europe And North America Hot Melt Adhesives Market. The Europe And North America Hot Melt Adhesives Market report provide a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Europe And North America Hot Melt Adhesives Market Definition
Hot melt adhesive (HMA), is usually solids formulation based on thermoplastic polymers. These adhesives are 100% solid thermoplastic materials without any volatile organic compounds, which makes them safe for use in production, transportation, application, and storage. The hot melt adhesives consist of one or more polymers as well as additives such as stabilizers, pigments, organic pigments, and resins which are carefully blended to exhibit different characteristics from base polymers.
There are several types of hot melt adhesives such as ethylene-vinyl acetate (EVA), polyolefin, polyamide resins, styrene block copolymers, polyurethane (PU) (including reactive HMA), metallocene polyolefin (MPO), amorphous poly-alpha olefin (APAO). Hot melt adhesives are used for applications in industries such as packaging, non-woven, automotive, product assembly, textiles, tapes and labels, woodworking, paper bonding, electronics adhesives, and many more.
Europe And North America Hot Melt Adhesives Market Overview
Growing demand concerning the properties such as rapid bond formation, quicker dry time, and quick adhesion is a key growth driver for Europe And North America Hot Melt Adhesives Market, Increasing demand for hot melt adhesives in the construction and packaging industry is a major factor propelling the growth of the market. Moreover, the use of hot melt adhesives in the automotive industry for endpoint fixing and increasing demand for hot melt adhesives in pressure-sensitive industries are other factors expected to boost the growth of the market over the forecast period.
On the other side, hot melt adhesives are sensitive to higher temperatures which loses bond strength at higher temperatures that might restrict the market growth. Furthermore, stringent government regulations in Europe And North America Hot Melt Adhesives Market might limit the demand for hot melt adhesives to some extent
The Europe And North America Hot Melt Adhesives Market is segmented on the basis of Application, Resin Type, And Geography.
Based on Application, The market is bifurcated into Packaging Solutions, Furniture & Woodwork, Nonwoven Hygiene Products, Bookbinding, and Others. Packaging solutions accounted for the largest market share in 2019. Over the past decades, with the manufacturing industry's excellence and growing demand for packaged food and beverages, the packaging industry has experienced a significant demand. The hot melt adhesives are majorly used for closing the flaps of paperboard cartons and corrugated boxes in the packaging industry.