Hot Melt Adhesives Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Hot Melt Adhesives Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032



Growth Factors of Hot Melt Adhesives Market

The Hot Melt Adhesives Market Size was valued at USD 7.49 billion in 2023, and the Market is now projected to grow from USD 7.89 billion in 2024 to USD 11.76 billion by 2032, exhibiting a CAGR of 5.2% during the forecast period of 2024-2032.

Ramifications from this global pandemic known as COVID-19 are the rising demand for PPE or medical equipment whose production involves the use of hot melt glue. In fact, the increase in the concern and demand for sanitation products in this segment was stated and reported, impeding the rise of Hot Melt Adhesives Market Growth.

The demand for Hot Melt Adhesives has risen due to the Transformation from Solvent adhesives to hot melt adhesives, resulting in the expansion of Hot Melt Adhesives Market share globally. Nonetheless, hot melt adhesives release slight amounts of Volatile Organic Compounds (VOCs) that are considered pollutants to the environment and human health. This leads to increased VOC emissions as compared to solvent-based adhesives since it is known to cause airborne pollutants and health complications. This has forced industries to consider other options such as hot melt adhesives bearing in mind the legal pressure that has led to reduction of the use of VOCs.

Additionally, It is surprising that the packaging industry remains one of the largest consumer groups in the global hot melt adhesives market as other companies aim at expanding their online sales in need of easy and efficient ways to protect their products. The usage of hot melt adhesives in single-serve packs had a comparatively better growth rate some of the areas that have observed an increase in the use of hot melt adhesives are Asia-Pacific especially China hence thereby increasing its usage in the packaging line. Also, there has been an increase in the use of other uses of sanitary products like baby or adult diapers, or other disposables such as sanitary pads or flushing sanitary tissues which are used and disposed of immediately, particularly with the current pandemic that Enhance.

Comprehensive Analysis of Hot Melt Adhesives Market

The Hot Melt Adhesives Market is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessment considering the dominant supply and demand forces that impact the Chemical & Advanced Materials Industry. These Segmentations are methodically segregated by Raw Material and by Application. The Raw Materials include Ethylene Vinyl Acetate (EVA), Polyolefins, Styrenic Block Copolymers (SBC), Polyurethane (PU), Polyester and others. However, The Application includes Packaging, Assembly, Woodworking, Transportation, Building & Construction, Footwear & leather, Nonwovens, Bookbinding, and others.

The Asia Pacific Region leads the Hot Melt Adhesives Market by benefitting a market size of USD 3.53 billion in 2023 due to indicators for healthy large furniture and building industries, and also true indications further of continued investment in the infrastructure and manufacturing areas and highly dynamic packaging manufacturing market in the said region.

The top players in the market play a crucial role in the Chemical & Advanced Materials Industry assuring industrial prospectus growth and setting market standards. These players include Exxon Mobil Corporation (US), Dow Inc. (US), 3M (US), Henkel AG & Co. KGaA ( Germany), MELER (Navarra), Sanyhot Adhesivos, S.A. (Spain), TEX YEAR INDUSTRIES INC. (Taiwan), H.B. Fuller Company (US), Arkema Group (US), Sika AG (Switzerland), Bostik (US), Jowat SE (US), AVERY DENNISON CORPORATION (US), LyondellBasell Industries Holdings B.V. (Netherlands), Embagrap (Spain).

In December 2023, this new solution referred to as the Technomelt E-COM portfolio for e-commerce packaging was a new chapter in the product catalog of Henkel Adhesive Technologies the global player in the hot melt adhesive systems for right-sized cartons and envelopes. As for the influence of this product, it would theoretically propose the desirable effect of increasing the efficiency of on-demand packaging systems..

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 5.2% from 2024 to 2032

Unit Value (USD Billion) and Volume (Tons)

Segmentation By Raw Material

Ethylene Vinyl Acetate (EVA)

Polyolefins

Styrenic Block Copolymers (SBC)

Polyurethane (PU)

Polyester

Others

By Application

Packaging

Assembly

Woodworking

Transportation

Building & Construction

Footwear & Leather

Nonwovens

Bookbinding

Others

By Region

North America (By Raw Material, By Application)

- U.S. (By Application)

- Canada (By Application)

Europe (By Raw Material, By Application)

- Germany (By Application)

- U.K. (By Application)

- France (By Application)

- Italy (By Application)

- Spain (By Application)

- Russia & CIS (By Application)

- Rest of Europe (By Application)

Asia Pacific (By Raw Material, By Application)

- China (By Application)

- Japan (By Application)

- India (By Application)

- South Korea (By Application)

- ASEAN (By Application)

- Rest of Asia Pacific (By Application)

Latin America (By Raw Material, By Application)

- Brazil (By Application)

- Mexico (By Application)

- Rest of Latin America (By Application)

Middle East & Africa (By Raw Material, By Application)

- GCC (By Application)

- South Africa (By Application)

- Rest of the Middle East & Africa (By Application)


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1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
3.4. Emerging Trends
4. Key Insights
4.1. Key Emerging Trends – For Major Countries
4.2. Industry SWOT Analysis
4.3. Regulatory Analysis
4.4. Recent Industry Developments - Policies, Partnerships, New Product Launches, and Mergers & Acquisitions
4.5. Impact of COVID-19 on the Market
5. Global Carbon Fiber Market Analysis, Insights and Forecast, 2019-2032
5.1. Key Findings / Summary
5.2. By Precursor (Volume/Value)
5.2.1. PAN
5.2.2. Pitch
5.3. By Tow (Volume/Value)
5.3.1. Large Tow
5.3.2. Small Tow
5.4. By Application (Volume/Value)
5.4.1. Aviation, Aerospace & Defense
5.4.2. Automotive
5.4.3. Wind Turbines
5.4.4. Sports & Leisure
5.4.5. Construction
5.4.6. Others
5.5. By Region (Volume/Value)
5.5.1. North America
5.5.2. Europe
5.5.3. Asia Pacific
5.5.4. Latin America
5.5.5. Middle East & Africa
6. North America Carbon Fiber Market Analysis, Insights and Forecast, 2019-2032
6.1. Key Findings / Summary
6.2. By Precursor (Volume/Value)
6.2.1. PAN
6.2.2. Pitch
6.3. By Tow (Volume/Value)
6.3.1. Large Tow
6.3.2. Small Tow
6.4. By Application (Volume/Value)
6.4.1. Aviation, Aerospace & Defense
6.4.2. Automotive
6.4.3. Wind Turbines
6.4.4. Sports & Leisure
6.4.5. Construction
6.4.6. Others
6.5. By Country (Volume/Value)
6.5.1. U.S.
6.5.1.1. By Precursor (Volume/Value)
6.5.1.1.1. PAN
6.5.1.1.2. Pitch
6.5.1.2. By Tow (Volume/Value)
6.5.1.2.1. Large Tow
6.5.1.2.2. Small Tow
6.5.1.3. By Application (Volume/Value)
6.5.1.3.1. Aviation, Aerospace & Defense
6.5.1.3.2. Automotive
6.5.1.3.3. Wind Turbines
6.5.1.3.4. Sports & Leisure
6.5.1.3.5. Construction
6.5.1.3.6. Others
6.5.2. Canada
6.5.2.1. By Precursor (Volume/Value)
6.5.2.1.1. PAN
6.5.2.1.2. Pitch
6.5.2.2. By Tow (Volume/Value)
6.5.2.2.1. Large Tow
6.5.2.2.2. Small Tow
6.5.2.3. By Application (Volume/Value)
6.5.2.3.1. Aviation, Aerospace & Defense
6.5.2.3.2. Automotive
6.5.2.3.3. Wind Turbines
6.5.2.3.4. Sports & Leisure
6.5.2.3.5. Construction
6.5.2.3.6. Others
7. Europe Carbon Fiber Market Analysis, Insights and Forecast, 2019-2032
7.1. Key Findings / Summary
7.2. By Precursor (Volume/Value)
7.2.1. PAN
7.2.2. Pitch
7.3. By Tow (Volume/Value)
7.3.1. Large Tow
7.3.2. Small Tow
7.4. By Application (Volume/Value)
7.4.1. Aviation, Aerospace & Defense
7.4.2. Automotive
7.4.3. Wind Turbines
7.4.4. Sports & Leisure
7.4.5. Construction
7.4.6. Others
7.5. By Country (Volume/Value)
7.5.1. Germany
7.5.1.1. By Precursor (Volume/Value)
7.5.1.1.1. PAN
7.5.1.1.2. Pitch
7.5.1.2. By Tow (Volume/Value)
7.5.1.2.1. Large Tow
7.5.1.2.2. Small Tow
7.5.1.3. By Application (Volume/Value)
7.5.1.3.1. Aviation, Aerospace & Defense
7.5.1.3.2. Automotive
7.5.1.3.3. Wind Turbines
7.5.1.3.4. Sports & Leisure
7.5.1.3.5. Construction
7.5.1.3.6. Others
7.5.2. U.K.
7.5.2.1. By Precursor (Volume/Value)
7.5.2.1.1. PAN
7.5.2.1.2. Pitch
7.5.2.2. By Tow (Volume/Value)
7.5.2.2.1. Large Tow
7.5.2.2.2. Small Tow
7.5.2.3. By Application (Volume/Value)
7.5.2.3.1. Aviation, Aerospace & Defense
7.5.2.3.2. Automotive
7.5.2.3.3. Wind Turbines
7.5.2.3.4. Sports & Leisure
7.5.2.3.5. Construction
7.5.2.3.6. Others
7.5.3. France
7.5.3.1. By Precursor (Volume/Value)
7.5.3.1.1. PAN
7.5.3.1.2. Pitch
7.5.3.2. By Tow (Volume/Value)
7.5.3.2.1. Large Tow
7.5.3.2.2. Small Tow
7.5.3.3. By Application (Volume/Value)
7.5.3.3.1. Aviation, Aerospace & Defense
7.5.3.3.2. Automotive
7.5.3.3.3. Wind Turbines
7.5.3.3.4. Sports & Leisure
7.5.3.3.5. Construction
7.5.3.3.6. Others
7.5.4. Russia
7.5.4.1. By Precursor (Volume/Value)
7.5.4.1.1. PAN
7.5.4.1.2. Pitch
7.5.4.2. By Tow (Volume/Value)
7.5.4.2.1. Large Tow
7.5.4.2.2. Small Tow
7.5.4.3. By Application (Volume/Value)
7.5.4.3.1. Aviation, Aerospace & Defense
7.5.4.3.2. Automotive
7.5.4.3.3. Wind Turbines
7.5.4.3.4. Sports & Leisure
7.5.4.3.5. Construction
7.5.4.3.6. Others
7.5.5. Rest of Europe
7.5.5.1. By Precursor (Volume/Value)
7.5.5.1.1. PAN
7.5.5.1.2. Pitch
7.5.5.2. By Tow (Volume/Value)
7.5.5.2.1. Large Tow
7.5.5.2.2. Small Tow
7.5.5.3. By Application (Volume/Value)
7.5.5.3.1. Aviation, Aerospace & Defense
7.5.5.3.2. Automotive
7.5.5.3.3. Wind Turbines
7.5.5.3.4. Sports & Leisure
7.5.5.3.5. Construction
7.5.5.3.6. Others
8. Asia-Pacific Carbon Fiber Market Analysis, Insights and Forecast, 2019-2032
8.1. Key Findings / Summary
8.2. By Precursor (Volume/Value)
8.2.1. PAN
8.2.2. Pitch
8.3. By Tow (Volume/Value)
8.3.1. Large Tow
8.3.2. Small Tow
8.4. By Application (Volume/Value)
8.4.1. Aviation, Aerospace & Defense
8.4.2. Automotive
8.4.3. Wind Turbines
8.4.4. Sports & Leisure
8.4.5. Construction
8.4.6. Others
8.5. By Country (Volume/Value)
8.5.1. China
8.5.1.1. By Precursor (Volume/Value)
8.5.1.1.1. PAN
8.5.1.1.2. Pitch
8.5.1.2. By Tow (Volume/Value)
8.5.1.2.1. Large Tow
8.5.1.2.2. Small Tow
8.5.1.3. By Application (Volume/Value)
8.5.1.3.1. Aviation, Aerospace & Defense
8.5.1.3.2. Automotive
8.5.1.3.3. Wind Turbines
8.5.1.3.4. Sports & Leisure
8.5.1.3.5. Construction
8.5.1.3.6. Others
8.5.2. India
8.5.2.1. By Precursor (Volume/Value)
8.5.2.1.1. PAN
8.5.2.1.2. Pitch
8.5.2.2. By Tow (Volume/Value)
8.5.2.2.1. Large Tow
8.5.2.2.2. Small Tow
8.5.2.3. By Application (Volume/Value)
8.5.2.3.1. Aviation, Aerospace & Defense
8.5.2.3.2. Automotive
8.5.2.3.3. Wind Turbines
8.5.2.3.4. Sports & Leisure
8.5.2.3.5. Construction
8.5.2.3.6. Others
8.5.3. Japan
8.5.3.1. By Precursor (Volume/Value)
8.5.3.1.1. PAN
8.5.3.1.2. Pitch
8.5.3.2. By Tow (Volume/Value)
8.5.3.2.1. Large Tow
8.5.3.2.2. Small Tow
8.5.3.3. By Application (Volume/Value)
8.5.3.3.1. Aviation, Aerospace & Defense
8.5.3.3.2. Automotive
8.5.3.3.3. Wind Turbines
8.5.3.3.4. Sports & Leisure
8.5.3.3.5. Construction
8.5.3.3.6. Others
8.5.4. ASEAN
8.5.4.1. By Precursor (Volume/Value)
8.5.4.1.1. PAN
8.5.4.1.2. Pitch
8.5.4.2. By Tow (Volume/Value)
8.5.4.2.1. Large Tow
8.5.4.2.2. Small Tow
8.5.4.3. By Application (Volume/Value)
8.5.4.3.1. Aviation, Aerospace & Defense
8.5.4.3.2. Automotive
8.5.4.3.3. Wind Turbines
8.5.4.3.4. Sports & Leisure
8.5.4.3.5. Construction
8.5.4.3.6. Others
8.5.5. Rest of Asia Pacific
8.5.5.1. By Precursor (Volume/Value)
8.5.5.1.1. PAN
8.5.5.1.2. Pitch
8.5.5.2. By Tow (Volume/Value)
8.5.5.2.1. Large Tow
8.5.5.2.2. Small Tow
8.5.5.3. By Application (Volume/Value)
8.5.5.3.1. Aviation, Aerospace & Defense
8.5.5.3.2. Automotive
8.5.5.3.3. Wind Turbines
8.5.5.3.4. Sports & Leisure
8.5.5.3.5. Construction
8.5.5.3.6. Others
9. Latin America Carbon Fiber Market Analysis, Insights and Forecast, 2019-2032
9.1. Key Findings / Summary
9.2. By Precursor (Volume/Value)
9.2.1. PAN
9.2.2. Pitch
9.3. By Tow (Volume/Value)
9.3.1. Large Tow
9.3.2. Small Tow
9.4. By Application (Volume/Value)
9.4.1. Aviation, Aerospace & Defense
9.4.2. Automotive
9.4.3. Wind Turbines
9.4.4. Sports & Leisure
9.4.5. Construction
9.4.6. Others
9.5. By Country (Volume/Value)
9.5.1. Brazil
9.5.1.1. By Precursor (Volume/Value)
9.5.1.1.1. PAN
9.5.1.1.2. Pitch
9.5.1.2. By Tow (Volume/Value)
9.5.1.2.1. Large Tow
9.5.1.2.2. Small Tow
9.5.1.3. By Application (Volume/Value)
9.5.1.3.1. Aviation, Aerospace & Defense
9.5.1.3.2. Automotive
9.5.1.3.3. Wind Turbines
9.5.1.3.4. Sports & Leisure
9.5.1.3.5. Construction
9.5.1.3.6. Others
9.5.2. Mexico
9.5.2.1. By Precursor (Volume/Value)
9.5.2.1.1. PAN
9.5.2.1.2. Pitch
9.5.2.2. By Tow (Volume/Value)
9.5.2.2.1. Large Tow
9.5.2.2.2. Small Tow
9.5.2.3. By Application (Volume/Value)
9.5.2.3.1. Aviation, Aerospace & Defense
9.5.2.3.2. Automotive
9.5.2.3.3. Wind Turbines
9.5.2.3.4. Sports & Leisure
9.5.2.3.5. Construction
9.5.2.3.6. Others
9.5.3. Rest of Latin America
9.5.3.1. By Precursor (Volume/Value)
9.5.3.1.1. PAN
9.5.3.1.2. Pitch
9.5.3.2. By Tow (Volume/Value)
9.5.3.2.1. Large Tow
9.5.3.2.2. Small Tow
9.5.3.3. By Application (Volume/Value)
9.5.3.3.1. Aviation, Aerospace & Defense
9.5.3.3.2. Automotive
9.5.3.3.3. Wind Turbines
9.5.3.3.4. Sports & Leisure
9.5.3.3.5. Construction
9.5.3.3.6. Others
10. Middle East & Africa Carbon Fiber Market Analysis, Insights and Forecast, 2019-2032
10.1. Key Findings / Summary
10.2. By Precursor (Volume/Value)
10.2.1. PAN
10.2.2. Pitch
10.3. By Tow (Volume/Value)
10.3.1. Large Tow
10.3.2. Small Tow
10.4. By Application (Volume/Value)
10.4.1. Aviation, Aerospace & Defense
10.4.2. Automotive
10.4.3. Wind Turbines
10.4.4. Sports & Leisure
10.4.5. Construction
10.4.6. Others
10.5. By Country (Volume/Value)
10.5.1. Middle East
10.5.1.1. By Precursor (Volume/Value)
10.5.1.1.1. PAN
10.5.1.1.2. Pitch
10.5.1.2. By Tow (Volume/Value)
10.5.1.2.1. Large Tow
10.5.1.2.2. Small Tow
10.5.1.3. By Application (Volume/Value)
10.5.1.3.1. Aviation, Aerospace & Defense
10.5.1.3.2. Automotive
10.5.1.3.3. Wind Turbines
10.5.1.3.4. Sports & Leisure
10.5.1.3.5. Construction
10.5.1.3.6. Others
10.5.2. Africa
10.5.2.1. By Precursor (Volume/Value)
10.5.2.1.1. PAN
10.5.2.1.2. Pitch
10.5.2.2. By Tow (Volume/Value)
10.5.2.2.1. Large Tow
10.5.2.2.2. Small Tow
10.5.2.3. By Application (Volume/Value)
10.5.2.3.1. Aviation, Aerospace & Defense
10.5.2.3.2. Automotive
10.5.2.3.3. Wind Turbines
10.5.2.3.4. Sports & Leisure
10.5.2.3.5. Construction
10.5.2.3.6. Others
11. Competitive Analysis
11.1. Business Strategies Adopted by Leading Players
11.2. Global Carbon Fiber Market Ranking Analysis, By Key Manufacturer
12. Company Profiles
12.1. Toray Industries, Inc. (Japan)
12.1.1. Overview
12.1.2. Products & Services
12.1.3. Recent Developments
12.1.4. Strategies
12.1.5. Financials (based on availability)
12.2. Solvay (Belgium)
12.2.1. Overview
12.2.2. Products & Services
12.2.3. Recent Developments
12.2.4. Strategies
12.2.5. Financials (based on availability)
12.3. Nippon Graphite Fiber Co., Ltd. (Japan)
12.3.1. Overview
12.3.2. Products & Services
12.3.3. Recent Developments
12.3.4. Strategies
12.3.5. Financials (based on availability)
12.4. TEIJIN LIMITED (Japan)
12.4.1. Overview
12.4.2. Products & Services
12.4.3. Recent Developments
12.4.4. Strategies
12.4.5. Financials (based on availability)
12.5. Hexcel Corporation (U.S.)
12.5.1. Overview
12.5.2. Products & Services
12.5.3. Recent Developments
12.5.4. Strategies
12.5.5. Financials (based on availability)
12.6. ZOLTEK Corporation (U.S.)
12.6.1. Overview
12.6.2. Products & Services
12.6.3. Recent Developments
12.6.4. Strategies
12.6.5. Financials (based on availability)
12.7. HYOSUNG ADVANCED MATERIALS (South Korea)
12.7.1. Overview
12.7.2. Products & Services
12.7.3. Recent Developments
12.7.4. Strategies
12.7.5. Financials (based on availability)
12.8. Advanced Composites Inc. (U.S.)
12.8.1. Overview
12.8.2. Products & Services
12.8.3. Recent Developments
12.8.4. Strategies
12.8.5. Financials (based on availability)
12.9. Mitsubishi Chemical Carbon Fiber and Composites, Inc. (U.S.)
12.9.1. Overview
12.9.2. Products & Services
12.9.3. Recent Developments
12.9.4. Strategies
12.9.5. Financials (based on availability)
12.10. Formosa M Co., Ltd. (South Korea)
12.10.1. Overview
12.10.2. Products & Services
12.10.3. Recent Developments
12.10.4. Strategies
12.10.5. Financials (based on availability)
13. Strategic Recommendations

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