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Hot-melt Adhesives Market - Growth, Trends, and Forecast (2020 - 2025)

The market is segmented by Resin Type (Ethylene Vinyl Acetate, Styrenic-butadiene Copolymers, Thermoplastic Polyurethane, and Other Resin Types), End-user Industry (Building and Construction, Paper, Board, and Packaging, Woodworking and Joinery, Transportation, Footwear and Leather, Healthcare, Electrical and Electronic Appliances, and Other End-user Industries), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa)

Market Snapshot

Study Period:

2016-2025

Base Year:

2019

Fastest Growing Market:

Asia Pacific

Largest Market:

Asia Pacific

CAGR:

5 %

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Market Overview

The market for hot-melt adhesives is likely to register CAGR of more than 5%, during the forecast period. Major factors driving the market studied are the increasing demand from the automotive and packaging industries in Asia-Pacific and the rising environmental concerns regarding solvent-borne adhesives.

  • The ethylene-vinyl acetate segment dominated the market and is expected to witness a healthy growth rate during the forecast period, owing to the increasing demand from the paper, board, and packaging industry, across the globe.
  • The adoption of bio-based hot-melt adhesives is likely to act as an opportunity in the future.
  • Asia-Pacific dominated the market across the globe, with the largest consumption from countries such as China, India, and Japan.

Scope of the Report

The hot-melt adhesives market report includes:

Resin Type
Ethylene Vinyl Acetate
Styrenic Block Co-Polymers
Thermoplastic Polyurethane
Other Resin Types
End-user Industry
Building and Construction
Paper, Board and Packaging
Woodworking and Joinery
Transportation
Footwear and leather
Healthcare
Electrical and Electronic Appliances
Other End-user Industries
Geography
Asia-Pacific
China
India
Japan
South Korea
ASEAN Countries
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa

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Key Market Trends

Souring Demand from the Paper, Board and Packaging Industry

  • An extremely high proportion of all industrial products are sold in packaging – either due to stability requirements for storage and transport or for aesthetic reasons.
  • Hot-melt adhesives are mainstream adhesives in the paper, board, and packaging industry. It is most widely used for carton closing, sealing, and pallet stabilization.
  • Applications of hot-melt adhesives range from corrugated box construction and lamination of printed sheets, to packaging materials used for all types of consumer products and the production of large industrial tubes and cores.
  • Although normal envelopes and paper bags consist of just a single layer of material, most packaging materials used nowadays are of different materials laminated together.
  • PUR hot-melt offers a stronger adhesion and cures better than traditional hot-melts, which make it a prudent choice in the growing industrial packaging industry.
  • Another contributing factor for the potential demand for hot-melt adhesives in the packaging industry is the traditionally low levels of automation. This has caused many packaging producers to use alternate forms of adhesives.
  • Some of the major manufacturing companies for packaging applications of hot-melt adhesives include 3M, Arkema, Henkel, Avery Dennison Corporation, Beardow & Adams (Adhesives) Ltd, Dow, etc.

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Asia-Pacific Region to Dominate the Market

  • Asia-Pacific dominated the global market with a share of more than 45%. With growing packaging and healthcare industries in countries like China, India, Japan, and South Korea, the consumption of hot-melt adhesives is increasing in the region.
  • China has the second-largest packaging industry in the world. The country is expected to witness a consistent growth during the forecast period, owing to the rise of customized packaging, increased demand for packaged consumerist goods, in the food segment, like microwave food, snack foods, and frozen foods, etc.
  • Moreover, the country witnessed rapid growth in the fast-moving consumer goods (FMCG) sector in the recent past. The growth of the FMCG market was majorly driven by the increased spending on premium and healthier products by the middle-class consumers in the country.
  • Additionally, India has the fifth-largest packaging industry worldwide which is growing at a significant rate. The country’s packaging industry is majorly driven by growing innovation in industries to make their products compact and portable.
  • With increasing employment in the country, there is an increase in the use of ready-to-eat. In addition to this, the demand for cosmetic products is also increasing in the country.
  • Such aforementioned factors are likely to drive the adhesives and sealants market in the region, during the forecast period.

To understand geography trends, Download Sample Report.

Competitive Landscape

The global hot-melt adhesives market is highly concentrated, with the top ten players accounting for approximately 50% of the market share. The major companies include Dow, Henkel AG & Co. KGaA, 3M, Sika AG, and Arkema Group, among others.

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Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Increasing Demand from the Packaging Industries in Asia-Pacific

      2. 4.1.2 Rising Environmental Concerns Regarding Solvent-borne Adhesives

    2. 4.2 Restraints

    3. 4.3 Industry Value-Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Resin Type

      1. 5.1.1 Ethylene Vinyl Acetate

      2. 5.1.2 Styrenic Block Co-Polymers

      3. 5.1.3 Thermoplastic Polyurethane

      4. 5.1.4 Other Resin Types

    2. 5.2 End-user Industry

      1. 5.2.1 Building and Construction

      2. 5.2.2 Paper, Board and Packaging

      3. 5.2.3 Woodworking and Joinery

      4. 5.2.4 Transportation

      5. 5.2.5 Footwear and leather

      6. 5.2.6 Healthcare

      7. 5.2.7 Electrical and Electronic Appliances

      8. 5.2.8 Other End-user Industries

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 ASEAN Countries

        6. 5.3.1.6 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 France

        4. 5.3.3.4 Italy

        5. 5.3.3.5 Spain

        6. 5.3.3.6 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle-East and Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Ranking Analysis

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 3M

      2. 6.4.2 Alfa International Corporation

      3. 6.4.3 Arkema Group

      4. 6.4.4 Ashland

      5. 6.4.5 Avery Dennison Corporation

      6. 6.4.6 Beardow Adams

      7. 6.4.7 Delo Industrial Adhesives

      8. 6.4.8 Dow

      9. 6.4.9 Drytac

      10. 6.4.10 Franklin International

      11. 6.4.11 H.B. Fuller Company

      12. 6.4.12 Henkel AG & Co. KGaA

      13. 6.4.13 Hexcel Corporation

      14. 6.4.14 Huntsman International LLC

      15. 6.4.15 Jowat SE

      16. 6.4.16 Mactac

      17. 6.4.17 Mapei Spa

      18. 6.4.18 Master Bond Inc.

      19. 6.4.19 Paramelt BV

      20. 6.4.20 Pidilite Industries Ltd

      21. 6.4.21 Sika AG

      22. 6.4.22 Yokohama Industries Americas Inc.

  7. *List Not Exhaustive
  8. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Adoption of Bio-based Hot-melt Adhesives

    2. 7.2 Burgeoning Demand for PUR Hot-melt Adhesives

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