Global Hot Melt Adhesives MarketSize, Share | COVID-19 Impact Analysis | Forecast to 2027


Posted September 16, 2021 by danishahmed

The global hot melt adhesives market is projected to exhibit a significant growth, at a CAGR of around 7.0%, during the forecast period.

 
The global hot melt adhesives market is projected to exhibit a significant growth, at a CAGR of around 7.0%, during the forecast period. Packaging industry have observed significant growth globally. Several factors are responsible for the growth such as growing pharmaceutical, FMCG, healthcare sector, food processing and manufacturing industry in the emerging economies such as China, India, and few other East European countries. Additionally, it has several applications in industrial sectors and became an essential everyday item, with its rising usage with the global economy. Moreover, opportunities for growth driven packaging industry owing to rising consumption of packaged as well as general growth across a range of consumer goods areas are widespread across the countries.
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The global hot melt adhesives market is growing at a significant CAGR of around 7.0% during the forecast period (2020-2026). Hot melt has been widely used in packaging industry since 1960's. The hot melt is considered cost effective when used in conjunction with hot melt systems running continuously. Ethylene-vinyl acetate (EVA) and polyolefin are the two most popular types of hot melt adhesives. Ethylene-vinyl acetate (EVA) – this form of hot melt adhesive works well with paper and cellulosic materials and has a wide range of formulation. The reason for the increased adoption of hot melt adhesives as compared to water-based adhesives in industries can be accounted to the fast cool and setting feature. They are made primarily of one or more polymers and a combination of additives such as resins and pigments that provide different characteristics to various adhesives.

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Company Profiles

3M Co.
 Adtek Consolidated Sdn. Bhd.
 Arkema Group
 Beardow Adams
 Bond Tech Industries
 Bühnen GmbH & Co. KG
 Cherng Tay Technology Co., Ltd.
 Costchem S.r.l.
 Daubert Chemical Co.
 Dow Inc.

Market Segmentation
Global Hot Melt Adhesive Market by Type

Ethylene Vinyl Acetate (EVA)
Styrenic Block Copolymers (SBC)
Amorphous Polyalphaolefins (APAO)
Polyamide
Polyvinyl Acetate
Others (Metallocene Polyolefin (mPO) and Polyurethane)

Global Hot Melt Adhesive Market by Application

Packaging Solutions
Furniture & Woodwork
Nonwoven Hygiene Products
Automotive
Others (Electronics)

Market Segmentation
Global Hot Melt Adhesives Market– Segmentation by Region
North America

• United States
• Canada

Europe

• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe

Asia-Pacific

• China
• Japan
• India
• Rest of Asia-Pacific

Rest of the World

• Middle East & Africa
• Latin America


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Contact Email [email protected]
Issued By Danish Ahmed
Phone +917803040404
Country India
Categories Business
Tags Global Hot Melt Adhesives Market
Last Updated September 16, 2021