The global hot melt adhesives market is predicted to grow at 6.1% CAGR during the forecast period with the market size reaching USD 11.9 billion by 2024. The market is driven by factors such as growing demand in increasing disposable income of the consumers in emerging economies such as China, India and Indonesia, growing packaging industries, rapid industrialization, and shift in technology used by automobile manufacturers for assembly.

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The different types of hot melt adhesives available in the market are SBC, PA, PU, EVA, amorphous poly-alphaolefin (APAO), polyester, and metallocene polyolefin (MPO). Of all, EVA held the largest share in the market with its market size valued at USD 3.2 Billion in 2017 and is set to reach USD 4.6 billion by 2024. The growth of EVA segment is driven by its various benefits such as durability, quicker time setting, and suitability in a huge variety of temperatures.

North America accounted for the major share in the hot melt adhesives industry in 2017, and its market is set to reach USD 3.9 billion by 2024. Asia-Pacific is expected to witness the fastest growth in demand for these adhesives due to the increasing purchasing power and increasing disposable income of the Asian countries such as China, India, Philippines, and others.

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Key players offering products in the hot melt adhesives industry are Sika AG, Beardow & Adams (Adhesives) Limited., 3M Company, Westlake Chemical Corporation, Bostik Inc., Jowat SE, H.B. Fuller Company, Avery Dennison Corporation, Arkema Group, DowDuPont Inc., and Henkel & Co. KGaA.

Global Hot Melt Adhesives Market Coverage

Type Insight and Forecast 2014 - 2024

Styrenic Block Copolymers (SBC)

Polyamide (PA)

Polyurethane (PU)

Ethylene-vinyl Acetate (EVA)

Amorphous Poly-Alphaolefin (APAO)

Polyester

Metallocene Polyolefin (MPO)

Application Insight and Forecast 2014 - 2024

Furniture

Hygiene

Bookbinding

Packaging Solutions

Automobile

Textile

Electronics

Footwear

Others

Geographical Segmentation

Hot Melt Adhesives Market by Region

North America

U.S.

Canada

Mexico

Europe


Germany

U.K.

France

Italy

Spain

Rest of Europe

Asia-Pacific


Japan

China

India

Australia

South Korea

Rest of Asia-Pacific

Rest of the World


Brazil

South Africa

Saudi Arabia

U.A.E.

Others


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