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Hot Melt Adhesives Market Growth Drivers, Demand, Impact Analysis & Market Opportunities by 2027

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Hot Melt Adhesives Market Growth Drivers, Demand, Impact Analysis & Market Opportunities by 2027

April 21
01:20 2022
Hot Melt Adhesives Market Growth Drivers, Demand, Impact Analysis & Market Opportunities by 2027
Hot Melt Adhesives Market Information- by Type (Ethylene Vinyl Acetate, Polyolefin, Polyamide, Polypropylene and Polyurethane), by Application (Food Packaging, Buildings & Construction, Wood Working, Carton-Sealing, General Consumer Packaging, Electronics and Others) – Forecast till 2027

Hot Melt Adhesives Market Overview

The global Hot Melt Adhesives (HMA) market is projected to reach USD 9.46 billion by the end of the forecast period in 2027, at a CAGR of 6.5%, in terms of value. The global market trends suggest that the market has been subject to the changes introduced by the pandemic. Also, the HMA market is driven by the increasing demand for HMA from applications such as packaging solutions, nonwoven hygiene products, and consumer DIY. The global market report includes an analysis of the HMA market by region: North America, Europe, Asia-Pacific, Middle East & Africa, and South America.

HMAs can bond to various materials and surfaces such as ceramic, fabric, paper, cardboard, metal, and plastics, making them suitable for DIY applications. Although DIY is emerging as popular in developed economies such as North America and Europe, it is a relatively new concept. The DIY applications include many different ones like craft, woodworking, general goods packaging, and others. The stick form of the Hot Melt Adhesives market is widely used in these applications because of its ease of use and the availability of HMA guns. The DIY approach in the global market premises is very common in the U.S. and European countries, where labor and installation costs are high compared to the emerging markets. Hot melt systems are becoming cost-effective in terms of floor space and labor requirements.

Read more details about report at: https://www.marketresearchfuture.com/reports/hot-melt-adhesives-market-4640

Key players

The key market players in the Hot Melt Adhesives market include the following:

  • 3M Company (U.S.)
  • Sika AG (Switzerland)
  • Henkel AG & Company KGaA (Germany)
  • Arkema (France)
  • Beardow & Adams (Adhesives) Limited (U.K.)
  • Dow Corning (U.S.)
  • Jowat SE (Germany)
  • B. Fuller (U.S.)

Request for Sample Copy of Report: https://www.marketresearchfuture.com/sample_request/4640

Market Segmentation

The hot melt adhesives market has been segmented based on the following:

Based on Resin Type:

  • Ethylene-vinyl Acetate (EVA)
  • Styrenic Block Copolymers
  • Metallocene Polyolefin (mPO)
  • Polyamide
  • Polyolefins
  • Amorphous Poly-alphaolefin (APAO)
  • Polyurethane (PU) (including reactive HMA)
  • Others

Based on End-use Industry:

  • Packaging Solutions
  • Nonwoven Hygiene Products
  • Furniture & Woodwork
  • Bookbinding
  • Others

Based on Region:

  • North America
  • Europe
  • Asia-Pacific
  • Middle East & Africa
  • South America
  • The market is further analyzed for the key countries in each region.

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Regional Classification

In the report, North America, Europe, Asia-Pacific, Middle East & Africa, and South America are the main regions considered for the HMA market. Asia-Pacific is the largest HMA market due to the rising demand for HMAs, mainly driven by their increased use in packaging solutions, nonwoven hygiene products, and consumer DIY applications. Asia-Pacific is emerging as the second-largest consumer and manufacturer of HMA globally and is the fastest-growing region in the HMA market. Increasing consumer awareness regarding hygiene and the increasing demand for nonwoven hygiene products contribute to the growing demand for HMAs globally.

Industry News

Additionally, India has emerged as the fifth-largest packaging industry worldwide, growing at a significant rate. The country’s rising packaging industry is driven by growing innovation in industries to make their products compact and portable. With increasing opportunities for employment in the country, there is an increase in the use of ready-to-eat. In addition to this, the rising hot melt adhesives market demand and others like cosmetic products are also increasing in the country.

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