- APO
- Polyamide
- EVA
- PU
- SBC
- Others
Hot Melt Adhesives Market size was valued at USD 7 billion in 2022 and is poised to grow at a CAGR of 5.5% from 2023-2029. Increased demand from packaging and nonwoven products applications is a major driver driving market expansion. Hot melt adhesives (HMAs) do not require drying or curing, unlike their solvent- or water-based equivalents. They may be applied in their molten state and bonded immediately, giving them the distinct benefit of faster processing times in a variety of applications such as packaging, nonwovens diapers and feminine hygiene products), furniture, industrial assembly, and others. Due to facility closures, product demand for industrial assembly applications in the United States is expected to fall sharply in 2020. Medical device makers are rapidly scaling production to suit the sudden spike in demand from healthcare providers, hence the product has seen strong demand from the healthcare sector.
Global Hot Melt Adhesives Market Summary
Study Period
2024-2030Base Year
2023CAGR
5.5%Largest Market
Asia PacificFastest Growing Market
North AmericaHot Melt Adhesives Market Dynamics
Based on type, the global hot adhesives market is segmented into SBC, PU, EVA, APAO, polyamide and others. Ethylene vinyl acetate is expected to dominate the market due to increased application of hot melt adhesives in board industry, paper industry, packaging industry and others.
Asia-Pacific Got Significant Share
Hot Melt Adhesives Market Regional Analysis
Asia Pacific accounted for major revenue share due to increased demand of hot melt adhesives from the growing population. North America market is expected to account moderate CAGR due to increased demand from the electronics and health care sector and also due to increased production of automotive. Europe exhibits a significant growth in hot melt adhesives market due to increased application in packaging sector and automotive industry. Latin America shows a significant growth in market owing to increased demand for construction designs. End user industries such as construction, electrical, automotive, and packaging are rapidly expanding in countries of Latin America such as Brazil. Middle East and Africa market is also expected to rise in the forecast period due to increased demand of packaging industry from the growing population.
Latin America
Europe
Asia Pacific
Middle East
North America
Global Hot Melt Adhesives Market Segmentation
By Polymer Type
By Application Type
- Book Binding
- Furniture
- Non-Woven Disposables
- Packaging, Pressure Sensitive Uses
- Others
By Geography
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East And Africa
Frequently Asked Questions
The key segments covered in the hot melt adhesives market are: by type, Industrial Application and geography
Toyobo Co.Ltd., 3M Company, Sika AG, Ashland Inc., Jowat AG
The hot melt adhesives market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
Key Features of the Report
- The report provides granular level information about the market size, country market share, historic market (2018-2022) and forecast (2023-2029)
- The report covers in-detail insights about the competitors overview, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments and startups details that are actively working in the market
- The report provides plethora of information about market entry strategies, regulatory framework
- The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porters Five Force Analysis in addition to recent technology advancements and innovations in the market
| 1. Executive Summary |
| 2. Global Hot Melt Adhesives Market Introduction |
| 2.1.Global Hot Melt Adhesives Market - Taxonomy |
| 2.2.Global Hot Melt Adhesives Market - Definitions |
| 2.2.1.Polymer Type |
| 2.2.2.Application Type |
| 2.2.3.Region |
| 3. Global Hot Melt Adhesives Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4. Global Hot Melt Adhesives Market Analysis, 2018 - 2022 and Forecast 2023 - 2029 |
| 4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Hot Melt Adhesives Market By Polymer Type, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 5.1. APO |
| 5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Polyamide |
| 5.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. EVA |
| 5.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. PU |
| 5.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 5.5. SBC |
| 5.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.5.3. Market Opportunity Analysis |
| 5.6. Others |
| 5.6.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 5.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.6.3. Market Opportunity Analysis |
| 6. Global Hot Melt Adhesives Market By Application Type, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 6.1. Book Binding |
| 6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Furniture |
| 6.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Non-Woven Disposables |
| 6.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Packaging, Pressure Sensitive Uses |
| 6.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Others |
| 6.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 7. Global Hot Melt Adhesives Market By Region, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia Pacific (APAC) |
| 7.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Middle East and Africa (MEA) |
| 7.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Latin America |
| 7.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 8. North America Hot Melt Adhesives Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 8.1. Polymer Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1.APO |
| 8.1.2.Polyamide |
| 8.1.3.EVA |
| 8.1.4.PU |
| 8.1.5.SBC |
| 8.1.6.Others |
| 8.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.3.1.United States of America (USA) |
| 8.3.2.Canada |
| 9. Europe Hot Melt Adhesives Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 9.1. Polymer Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.APO |
| 9.1.2.Polyamide |
| 9.1.3.EVA |
| 9.1.4.PU |
| 9.1.5.SBC |
| 9.1.6.Others |
| 9.2. Application Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Book Binding |
| 9.2.2.Furniture |
| 9.2.3.Non-Woven Disposables |
| 9.2.4.Packaging, Pressure Sensitive Uses |
| 9.2.5.Others |
| 9.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Germany |
| 9.3.2.France |
| 9.3.3.Italy |
| 9.3.4.United Kingdom (UK) |
| 9.3.5.Spain |
| 9.3.6.Rest of EU |
| 10. Asia Pacific (APAC) Hot Melt Adhesives Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 10.1. Polymer Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.APO |
| 10.1.2.Polyamide |
| 10.1.3.EVA |
| 10.1.4.PU |
| 10.1.5.SBC |
| 10.1.6.Others |
| 10.2. Application Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Book Binding |
| 10.2.2.Furniture |
| 10.2.3.Non-Woven Disposables |
| 10.2.4.Packaging, Pressure Sensitive Uses |
| 10.2.5.Others |
| 10.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.China |
| 10.3.2.India |
| 10.3.3.Australia and New Zealand (ANZ) |
| 10.3.4.Japan |
| 10.3.5.Rest of APAC |
| 11. Middle East and Africa (MEA) Hot Melt Adhesives Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 11.1. Polymer Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.APO |
| 11.1.2.Polyamide |
| 11.1.3.EVA |
| 11.1.4.PU |
| 11.1.5.SBC |
| 11.1.6.Others |
| 11.2. Application Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Book Binding |
| 11.2.2.Furniture |
| 11.2.3.Non-Woven Disposables |
| 11.2.4.Packaging, Pressure Sensitive Uses |
| 11.2.5.Others |
| 11.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.GCC Countries |
| 11.3.2.South Africa |
| 11.3.3.Rest of MEA |
| 12. Latin America Hot Melt Adhesives Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 12.1. Polymer Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.APO |
| 12.1.2.Polyamide |
| 12.1.3.EVA |
| 12.1.4.PU |
| 12.1.5.SBC |
| 12.1.6.Others |
| 12.2. Application Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Book Binding |
| 12.2.2.Furniture |
| 12.2.3.Non-Woven Disposables |
| 12.2.4.Packaging, Pressure Sensitive Uses |
| 12.2.5.Others |
| 12.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Brazil |
| 12.3.2.Mexico |
| 12.3.3.Rest of LA |
| 13. Competition Landscape |
| 13.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 13.2.1.Toyobo Co.Ltd. |
| 13.2.2.3M Company |
| 13.2.3.Sika AG |
| 13.2.4.Ashland Inc. |
| 13.2.5.Jowat AG |
| 13.2.6.Bostik S.A. |
| 14. Research Methodology |
| 15. Appendix and Abbreviations |
- Toyobo Co.Ltd.
- 3M Company
- Sika AG
- Ashland Inc.
- Jowat AG
- Bostik S.A.
- Henkel AG & Company
- Dow Corning
- B. Fuller Company