"Hot Melt Adhesives Market By Product Type (Ethylene Vinyl Acetate, Styrenic Block Copolymer, Polyurethane, Polyamide, Amorphous Polyalphaolefins, Metallocene Polyolefins and Polyester); By Application (Packaging, Disposables, Pressure sensitive products, Book binding, Furniture, Footwear, Automobile, Textile, Electronics and others); and Region Global Analysis of Market Size, Share and Trends for 2019 2020 and Forecasts to 2030."

Global Hot Melt Adhesives Market research [Modern Report 2023] provides industry experts with a comprehensive and expert investigation of the current trends. This statistical survey provides current industry information and forecasts. This market lookup additionally presents statistics on the market boom of numerous regional and country-level markets, as properly as the opposition panorama and unique organization analyses for the projected forecast period till 2030. ASK FOR A SAMPLE REPORT

The Hot Melt Adhesives Market Report covers potential improvement drivers as properly as the modern-day key of market share, penetration of a number of kinds, technologies, applications, and areas through forecast till 2030.

Helps you identify the customers and products that drive revenue and profit growth. The report examines the key drivers and restraints of the key players. It also provides information on the status of development and challenges. The report highlights potential opportunities in the Hot Melt Adhesives Market rate markets and examines the impact of different elements in the analysis.

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Overview of Hot Melt Adhesives Market:

Hot melt adhesive (HMA) is a type of thermoplastic adhesive, which is typically marketed as solid cylindrical sticks of different diameters designed to be applied with a hot glue gun. To melt the plastic glue, which the user pushes through the gun either with a mechanical trigger mechanism on the gun or with direct finger pressure, the gun uses a continuous heating element. These adhesives are applied to a liquid substance and give a minimum of toxicity in an easy-to-clean application. Hot-melt adhesives are primarily used in bookbinding, for coatings, for the manufacture of packaging, diapers, other sanitary products, and tapes. Hot melt adhesives offer the fastest method of bonding and hot melt equipment has a far smaller footprint than other bonding techniques.

Global Hot Melt Adhesives is expected to project a notable CAGR of 5.98 Percent in 2030.

Global Hot Melt Adhesives to surpass USD 13.47 billion by 2030 from USD 7.53 billion in 2020 at a CAGR of 5.98 Percent in the coming years, i.e., 2021-30. Surging demand of hot melt adhesives from the packaging industry and non-woven products application is driving the growth of the market. Hot melt adhesives (HMAs) do not need drying or curing, unlike their solvent- or water-based counterparts. They can be applied in their molten state and can hence be bonded immediately after application, giving them the distinct benefit of faster processing times in different applications, including packaging, nonwovens (diapers and hygiene products for women), furniture, industrial products. All these factors are expected to deliver attractive growth opportunities to the global hot melt adhesives market during the projected period.

Recent Highlights in Global Hot Melt Adhesives

In July 2020, Arkema Group acquired Fixatti NV, a company producing thermobonding adhesive powder. Fixatti NV owns two production sites in Europe and one in China. The transaction would support Arkema Group strengthen its hot melt adhesives product portfolio and is in line with the company’s vision to become a pure specialty materials player by 2024.

In October 2017, Avery Dennison commissioned a hot melt adhesive coating line in Malaysia to expand its market position by leveraging the growth potential of Southeast Asia.

Global Hot Melt Adhesives: Segments

Ethylene Vinyl Acetate segment to grow with the highest CAGR during 2020-30

Global Hot Melt Adhesives is segmented by Product Type into ethylene-vinyl acetate, styrene block copolymer, polyurethane, polyamide, amorphous polyalphaolefins, metallocene polyolefins, and polyester. Ethylene Vinyl Acetate, the segment held the largest market share in the year 2020 because of their durability, versatility and it holds strong adhesion properties which makes it suitable for packaging and woodworking sectors. In addition, supportive government regulations in regard with the usage of low VOC adhesives is boosting the growth of the segment.

Packaging segment to grow with the highest CAGR during 2020-30

Global Hot Melt Adhesives is divided by Application into packaging, disposables, pressure-sensitive products, bookbinding, furniture, footwear, automobile, textile, electronics, and others. Packaging, segment held the largest market share in the year 2020 and will continue to dominate the market in the coming years. The growth of the segment of the market is driven by the bonding, superior speed, and adhesion ability of hot melt adhesives which make them suitable for products in corrugated cases, sealing bottles and paper board cartons, and other packaging products.

Booming demand of hot melt adhesives from packaging industry

In recent years, packaging industry is flourishing at a rapid pace owing to the surging demand for packaged food and beverages globally. Hot melt adhesives are extensively used in the paper, board, and packaging industry as packaged products require flexible as well as rigid packaging. Hot melt adhesives have a range of applications from printed sheets lamination and corrugated box construction to packaging materials which is used for all types of consumer products and the manufacturing of large industrial cores and tubes. Furthermore, the expanding e-commerce industry is bolstering the demand for packaging solutions. An increase in online shopping and rising consumption of packaged food products is expected to surge the demand for hot melt adhesives.

High adoption of hot melt adhesives in DIY applications

Hot melt adhesives are considered an ideal material for DIY applications since they can bind to a wide range of materials and surfaces such as papers, ceramic, fabric plastics, cardboard, and metal. While in developed economies such as North America and Europe DIY is common, it is a relatively new notion. The DIY applications include art, woodworking, packaging of general products, and others. In DIY application hot melt adhesives are commonly used in stick form due to their easy usage and easy accessibility of hot melt adhesives guns.

Unstable prices of raw material

Varying prices of raw materials is the major factor that is likely to hamper the global Hot Melt Adhesives market in the near future. Raw materials used in the adhesives have volatile prices and such volatility can impact the profit margins of the manufacturers. It is difficult for the manufacturers maintain a balance between production costs and selling prices which is likely to impede the growth of the hot melt adhesive market. Additionally, strict regulations in the developing economies is expected to hamper the growth of the global demand for hot melt adhesives in the coming years.

Global Hot Melt Adhesives: Key Players

Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis

Bühnen GmbH and Co. KG

Cherng Tay Technology Co., Ltd.

Global Hot Melt Adhesives: Regions

Global Hot Melt Adhesives is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific, and Middle East, and Africa. Global Hot Melt Adhesives in Asia Pacific held the largest market share of in the year 2020. Asia Pacific will continue to dominate the global Hot Melt Adhesives. The growth of the segment is driven by the growing demand for packaging and disposable hygiene products and the presence of major market players in the region. Besides, growing consumer awareness regarding hygiene and the escalating demand for nonwoven hygiene products is contributing to the growth of the region. In addition to this, the substantial impact of western culture on the region has also propelled several attractive applications that positively impact the market growth in the region.

Global Hot Melt Adhesives is further segmented by region into:

North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR United States and Canada

Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR Mexico, Argentina, Brazil, and Rest of Latin America

Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe

Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC

Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR North Africa, Israel, GCC, South Africa, and Rest of MENA

Global Hot Melt Adhesives report also contains analysis on:

Competition and Companies Involved in the Market

Value Chain of the Market

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This report provides detail analysis of the market and have a comprehensive understanding of the Hot Melt Adhesives market and its commercial landscape. Learn about the various market strategies that are being adopted by leading companies.It provides a five-year forecast assessed based on how the Hot Melt Adhesives market is predicted to grow.It provides insightful analysis of changing competition dynamics and keeps you ahead of competitors.To understand the future scope and outlooks for the Hot Melt Adhesives market.Hot Melt Adhesives Market Forecast by regions, type and application, with sales and revenue, from 2023.Hot Melt Adhesives Market Share, distributors, major suppliers, changing price patterns and the supply chain of raw materials is highlighted in the report.

Lastly, this report covers the market landscape and its growth prospects over the coming years, the Report also brief deals with the product life cycle, comparing it to the relevant products from across industries that had already been commercialized details the potential for various applications, discussing about recent product innovations and gives an overview on potential regional market shares.

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Detailed TOC of Global Hot Melt Adhesives Market Outlook to 2030

8.Recent Development, Policies and Regulatory Landscape

11.1. Market Size and forecast, 2019A-2030F

11.1.1. By Value (USD Million) 2019-2030

11.1.2. By Volume (Million Units) 2019-2030

12.Hot Melt Adhesives: Market Segmentation

Browse complete table of contents at - https://www.marketreportsworld.com/TOC/19225002

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