Hot Melt Adhesives Market, by Polymer Base (Ethylene-vinyl acetate (EVA), Polyolefin, Polyamide, Styrene Butadiene Block Copolymer (SBC), and Others), by Application (Packaging, Automotive, Construction, Healthcare products, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028
Hot melt adhesives are thermoplastic polymers which are thermally melted on application and attain adhesion strength on cooling. Hot melt adhesives consist of one or more polymers as well as additives such as stabilizers, pigments and resins, which are carefully blended so as to ensure that they exhibit different characteristics from the base polymers.
Hot melt adhesives are named after polymer bases. Ethylene Vinyl Acetate (EVA) hot melt adhesives, polyolefin hot melt adhesives, polyamide hot melt adhesives, polyurethane hot melt adhesives, polyester hot melt adhesives, etc. are some of the hot melt adhesives available in the market.
Market Dynamics
On the basis of polymer base, the global hot melt adhesives market is segmented into ethylene vinyl acetate (EVA), polyolefin, polyamide, styrenic block copolymers (SBC), others. In 2021, the ethylene vinyl acetate (EVA) segment accounted for the highest market share, in terms of revenue, owing to easy availability of hot melt adhesives in different price ranges which is favoring the adoption of hot melt adhesives.
Major factors such as increasing global population, birth rate, awareness regarding personal hygiene and population maturity are driving demand for hot melt adhesives in disposable hygiene products applications. This is expected to foster growth of the global hot melt adhesives market during the forecast period.
However, fluctuating price of raw materials used in the manufacturing of the hot melt adhesives is expected to hinder the market growth. The raw materials are highly volatile in nature as they are petroleum-based products. Thus, the fluctuating price of raw materials used in the production of hot melt adhesives is projected to inhibit the market growth.
Key features of the study:
This report provides in-depth analysis of global hot melt adhesives and provides market volume (US$ Billion and Kilo Tons) and cumulative annual growth rate (CAGR %) for the forecast period (2022-2028), considering 2021 as the base year
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategy adopted by leading players
It profiles leading players in the global hot melt adhesives market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
Key companies covered as a part of this study are Henkel AG & Co. KGaA, H B Fuller, Sika AG, Arkema Group, Ashland Inc., The 3M Company, Jowat AG, Sipol SpA, Palmetto Adhesives Company, and Sealock Ltd.
Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology upgradation, market expansion, and marketing tactics
The global hot melt adhesives market report caters to various stakeholders in this industry including investors, suppliers, global hot melt adhesives manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global hot melt adhesives market.
Detailed Segmentation:
Global Hot Melt Adhesives Market, By Polymer Base:
Ethylene Vinyl Acetate (EVA)
Polyolefin
Polyamide
Styrenic Block Copolymers (SBC)
Others
Global Hot Melt Adhesives Market, By Application:
Application
Automotive
Construction
Healthcare Products
Others
Global Hot Melt Adhesives Market, By Region:
North America
U.S.
By Polymer Base:
Ethylene Vinyl Acetate (EVA)
Polyolefin
Polyamide
Styrenic Block Copolymers (SBC)
Others
By Application:
Application
Automotive
Construction
Healthcare Products
Others
Canada
By Polymer Base:
Ethylene Vinyl Acetate (EVA)
Polyolefin
Polyamide
Styrenic Block Copolymers (SBC)
Others
By Application:
Application
Automotive
Construction
Healthcare Products
Others
Latin America
Brazil
By Polymer Base:
Ethylene Vinyl Acetate (EVA)
Polyolefin
Polyamide
Styrenic Block Copolymers (SBC)
Others
By Application:
Application
Automotive
Construction
Healthcare Products
Others
Argentina
By Polymer Base:
Ethylene Vinyl Acetate (EVA)
Polyolefin
Polyamide
Styrenic Block Copolymers (SBC)
Others
By Application:
Application
Automotive
Construction
Healthcare Products
Others
Mexico
By Polymer Base:
Ethylene Vinyl Acetate (EVA)
Polyolefin
Polyamide
Styrenic Block Copolymers (SBC)
Others
By Application:
Application
Automotive
Construction
Healthcare Products
Others
Rest of Latin America
By Polymer Base:
Ethylene Vinyl Acetate (EVA)
Polyolefin
Polyamide
Styrenic Block Copolymers (SBC)
Others
By Application:
Application
Automotive
Construction
Healthcare Products
Others
Europe
U.K.
By Polymer Base:
Ethylene Vinyl Acetate (EVA)
Polyolefin
Polyamide
Styrenic Block Copolymers (SBC)
Others
By Application:
Application
Automotive
Construction
Healthcare Products
Others
Germany
By Polymer Base:
Ethylene Vinyl Acetate (EVA)
Polyolefin
Polyamide
Styrenic Block Copolymers (SBC)
Others
By Application:
Application
Automotive
Construction
Healthcare Products
Others
Italy
By Polymer Base:
Ethylene Vinyl Acetate (EVA)
Polyolefin
Polyamide
Styrenic Block Copolymers (SBC)
Others
By Application:
Application
Automotive
Construction
Healthcare Products
Others
France
By Polymer Base:
Ethylene Vinyl Acetate (EVA)
Polyolefin
Polyamide
Styrenic Block Copolymers (SBC)
Others
By Application:
Application
Automotive
Construction
Healthcare Products
Others
Russia
By Polymer Base:
Ethylene Vinyl Acetate (EVA)
Polyolefin
Polyamide
Styrenic Block Copolymers (SBC)
Others
By Application:
Application
Automotive
Construction
Healthcare Products
Others
Rest of Europe
By Polymer Base:
Ethylene Vinyl Acetate (EVA)
Polyolefin
Polyamide
Styrenic Block Copolymers (SBC)
Others
By Application:
Application
Automotive
Construction
Healthcare Products
Others
Asia Pacific
China
By Polymer Base:
Ethylene Vinyl Acetate (EVA)
Polyolefin
Polyamide
Styrenic Block Copolymers (SBC)
Others
By Application:
Application
Automotive
Construction
Healthcare Products
Others
India
By Polymer Base:
Ethylene Vinyl Acetate (EVA)
Polyolefin
Polyamide
Styrenic Block Copolymers (SBC)
Others
By Application:
Application
Automotive
Construction
Healthcare Products
Others
Japan
By Polymer Base:
Ethylene Vinyl Acetate (EVA)
Polyolefin
Polyamide
Styrenic Block Copolymers (SBC)
Others
By Application:
Application
Automotive
Construction
Healthcare Products
Others
ASEAN
By Polymer Base:
Ethylene Vinyl Acetate (EVA)
Polyolefin
Polyamide
Styrenic Block Copolymers (SBC)
Others
By Application:
Application
Automotive
Construction
Healthcare Products
Others
Rest of Asia Pacific
By Polymer Base:
Ethylene Vinyl Acetate (EVA)
Polyolefin
Polyamide
Styrenic Block Copolymers (SBC)
Others
By Application:
Application
Automotive
Construction
Healthcare Products
Others
Middle East & Africa
Africa
By Polymer Base:
Ethylene Vinyl Acetate (EVA)
Polyolefin
Polyamide
Styrenic Block Copolymers (SBC)
Others
By Application:
Application
Automotive
Construction
Healthcare Products
Others
Middle East
By Polymer Base:
Ethylene Vinyl Acetate (EVA)
Polyolefin
Polyamide
Styrenic Block Copolymers (SBC)
Others
By Application:
Application
Automotive
Construction
Healthcare Products
Others
Company Profiles
Henkel AG & Co.*
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments
Future Plans
KGaA
H B Fuller
Sika AG
Arkema Group
Ashland Inc.
The 3M Company
Jowat AG
Sipol SpA
Palmetto Adhesives Company
Sealock Ltd.
“*” marked represents similar segmentation in other categories in the respective section.
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