The Global Hot Melt Adhesives Market held USD 7.0 billion in 2020 and is expected to grow with a CAGR of 5.0%. Hot melt adhesive is a mixture of additives such as resins and pigments, and consists mainly of one or more polymers that give various adhesives different characteristics. Due to their various beneficial characteristics such as easy adhesion, rapid bond formation and faster dry time, hot melt adhesives are commonly used in many end-user industries. Due to the strong demand in the construction sector global hot melt adhesives market is expected to influence positively over the forecast period.

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Market Dynamics and Factors

Growing construction expenses in emerging countries like Brazil, China, Malaysia, Indonesia, India, and Vietnam are expected to boost the demand for hot melt adhesives (HMA) in the global market. Growing demand for pressure-sensitive industries using hot melt adhesives is expected to increase foreign trade, thereby benefiting the industry as a whole. Hot melt adhesives are expected to drive the overall market with the ability to immediately bind with reengineered plastics, ceramics and various other composite forms over other traditional adhesives. New industry players were essential to the growth of the sector. Initiatives to address the gap in product demand by creating lucrative applications may help gain competitive advantage over other players in the industry. Continuous demand in this industry has led to tremendous technical advancements which have further expanded the need for hot melt adhesives. Rising demand for polyolefin-based adhesives will fuel the HMA market. Due to its dangerous results, switching from solvent-based traditional adhesives is encouraged to boost business growth. Clear adhesion without needing to reapply after application is yet another advantage over other adhesives dependent on solvent. The hot melt adhesive demand will be hindered by high crude oil prices. Compliance with stringent regulations is expected to cause sluggish business growth in developing countries.

Market Segmentation:

Global Hot Melt Adhesives Market – By type
Styrenic Block Copolymers
Polyamides
Ethylene Vinyl Acetate Polyurethane
Amorphous Polyalphaolefins
Polyolefins
Metallocene Polyolefin
Global Hot Melt Adhesives Market – By Application
Packaging
Book And Paper Binding
Construction, Furniture
Footwear
Non-Woven/Hygiene
Electronics
Automotive
Global Hot Melt Adhesives Market – By Geography
North America
U.S.
Canada
Mexico
Europe
U.K.
France
Germany
Italy
Rest of Europe
Asia-Pacific
Japan
China
India
Australia
Rest of Asia Pacific
ROW
Latin America
Middle East
Africa
Geographic Analysis

Globally, the Asia Pacific region was the largest market for hot melt adhesives. This rise was attributed primarily to the rapid growth observed in the region's marine and aerospace industries. Furthermore, due to the region's booming automotive industry, the Asia Pacific region is projected to be the fastest-growing market for hot melt adhesives in the next few years. China and India, owing to the constantly evolving industries in these developing nations, are the main countries for the region's hot melt adhesives industry.

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Competitive Scenario

The key players dominating the world global hot melt adhesives market are Exxon Mobil, H.B. Fuller, Arkema, Henkel AG, 3M, Jowat, Sika, Hexcel Corporation, Tex Year Industries, Beardow Adams, Dowdupont, REXtac, Heartland Adhesives, AkzoNobel, and Toyobo.

How will this Market Intelligence Report Benefit You?

1. The report offers statistical data in terms of value (US$) as well as Volume (units) till 2030.

2. Exclusive insight into the key trends affecting the Hot Melt Adhesives industry, although key threats, opportunities and disruptive technologies that could shape the Hot Melt Adhesives Market supply and demand.

3. The report tracks the leading market players that will shape and impact the Hot Melt Adhesives Market most.

4. The data analysis present in the Hot Melt Adhesives Market report is based on the combination of both primary and secondary resources.

5. The report helps you to understand the real effects of key market drivers or retainers on Hot Melt Adhesives Market business.

The 2021 Annual Hot Melt Adhesives Market offers:

• 100+ charts exploring and analysing the Hot Melt Adhesives Market from critical angles including retail forecasts, consumer demand, production and more

• 15+ profiles of top producing states, with highlights of market conditions and retail trends

• Regulatory outlook, best practices, and future considerations for manufacturers and industry players seeking to meet consumer demand

• Benchmark wholesale prices, market position, plus prices for raw materials involved in Hot Melt Adhesives Market type

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