Global Hot Melt Adhesives Market Size Analysis, 2019-2028

REPORT ID: BKR1012Domain: Chemicals and MaterialsPublished Date: February 2019
Pages: 273Format: PDF

Global Hot Melt Adhesives market size is estimated to be valued over USD 9.3 billion in 2019 and will register a CAGR of 5.4% to create high revenue opportunity for industry players during the forecast period.

Hot melt adhesive (HMA) has become widely popular among end-use industries owing to its low emission of volatile organic compounds (VOC) and higher shelf life compared to solvent based adhesives. The industry has outperformed chemical sector growth and is evolving at a rapid pace due to increasing demand for high performance solutions for heavy industries. The competition in the sector has increased. As a result, the players are focusing mainly on product launch and patents to strengthen their business footprint.

A series of initiatives were taken by leading companies to gain higher revenue and create brand presence during the time. In 2015, Eastman Chemical Company launched Aerafin Polymer A, a new polyolefin for hot meld adhesives. The polymer created by Eastman is sold to glue manufacturers. Another company, Jowat introduced PUR hot melt adhesive for window profile wrapping. Companies are also emphasizing on patents to enhance business presence. Number of patents took place post 2010. In 2013, Bostik, Inc. received patent for high styrene SBS hot melt adhesive. Another leading company, H.B. Fuller patented hot melt pressure sensitive adhesive that contains vegetable wax. Such trend is expected to continue throughout the forecast period (2018-2028).

Global Hot Melt Adhesives Market Size and Forecast: By Product

Polyolefin based hot melt adhesives market is expected to register fastest growth of 6.1% CAGR during the forecast period. These adhesives have good adhesive qualities with faster set speed. Polyolefin based across a range of industries. Players are emphasizing on scaling business revenue through increasing production output. Emergence of smart factories will propel the polyolefin based hot melt adhesive growth.

Global Hot Melt Adhesives Market Size and Forecast: By Application

Packaging represented the largest end-use market for hot melt adhesive players. The segment is estimated to account for 24% of global share in 2019. US$ 550 billion packaging industry is one of the fastest growing segment globally. In some region, it is growing at double digit growth. This translates to potential opportunity for hot melt adhesives.

Global Hot Melt Adhesives Market Size and Forecast: Regional Analysis

Globally, Asia Pacific is estimated to account for 45% market share in 2019. China accounted for the largest share regionally. Various leading companies have their production plants located in china to be economically viable. The cost to production is significantly lower in the region as compared to other regions. Moreover, the country has favorable government policies that adds to favorable platform for companies. Also, it world’s largest packaging and consumer electronics market. As a result, major demand is generated in the region than rest of world. There are large number of small scale players operational in the country which poses significant challenges to established players. China hot melt adhesives market is estimated to be valued over US$ 2.1 billion in 2019. Of this, packaging accounted for 27% revenue. Ethylene-vinyl acetate (EVA) and styrene based hot glue accounted for 73% country’s market share in 2018.

There are over 210 suppliers active in China. Majority of them are small scale and operates on contract mode. Henkel, Tex Year Fine Chemical, Bostik and H.B. Fuller are few prominent players active in the country. Leading companies will continue to dominate the China hot melt adhesives high-end market owing to efficient supply chain and higher emphasis on product innovation.

Europe and North America are mature market wherein companies are adopting inorganic strategy for growth. UK, Germany and France will collectively account for 69% market share in Western Europe hot melt adhesive market.

Global Hot Melt Adhesives Market Size and Forecast: Competition Landscape

Industry players are emphasizing on product innovation to stay agile and generate high ROI.

Key Hot Melt Adhesives players are:

  • Adhesive Technologies, Inc.
  • Worthen Industries Inc
  • American Chemical, Inc.
  • 3M
  • Jowat SE
  • Evans Adhesive Corporation Ltd.
  • Avery Dennison Corporation
  • Tex Year Industries Inc.
  • Bostik Inc.
  • Capital Adhesives & Packaging Corp.
  • LORD Corporation
  • Costchem srl, Daubert Chemical Company, Inc.
  • Ashland Global Holdings Inc.
  • Dow Corning Corporation
  • Alfa International Corporation
  • H.B. Fuller Company
  • Henkel AG & Co. KGaA
  • Sika AG

Industry Segmentation

By Product Type:

  • EVA
  • Polyolefins
  • Styrene Block Copolymers (SBC)
  • Polyurethane (PUR)
  • Hot Melt Pressure Sensitive Adhesives
  • Others

By Application:

  • Packaging
  • Electronics
  • Automotive
  • Hygiene Products
  • Construction
  • Furniture
  • Textile
  • Others

What Will You Discover in the Report?

  • An in-depth analysis of the Hot Melt Adhesives market across regions – North America, Latin America, Western Europe, Central and Eastern Europe, Asia Pacific, Middle East, and Africa.
  • How the Hot Melt Adhesives market sales is expected to grow throughout the forecast period.
  • How geopolitical policies and technological changes will affect the Hot Melt Adhesives market in near future
  • Where the stakeholders should invest to generate higher profit margins
  • How consumers (end-users) will reflect to the Hot Melt Adhesives industry during the forecast period
  • Who are the Hot Melt Adhesives industry leaders and what are the key initiatives taken by them for long term growth

Who will benefit from the Report?

  • Hot Melt Adhesives Industry Suppliers
  • Hot Melt Adhesives Industry Manufacturers
  • Consultants and Analysts
  • Researchers
  • Industry Specialists

Analyst access with Bekryl Market Analysts

Purchasing of Hot Melt Adhesives market research report will give clients access to 120 minutes telephonic access with a research analyst. The duration for access to analysts will be based on the report subscription editions

Hot Melt Adhesives Market Overview

  1. Executive Summary
  2. Research Methodology
  3. Hot Melt Adhesives Market Overview
    • Market Outlook and Forecast
    • Growth Forecast Analysis Scenario
    • Adhesives Market, Parent Market (Overview)
    • Adhesives Per Application, By Selected Countries
    • Value Chain Analysis
    • R&D Spending Analysis
  4. Global Hot Melt Adhesives Market Overview
    • Market Outlook and Forecast
    • Leading Industry Players
  5. Hot Melt Adhesives Market Dynamics
    • Market Drivers
      • Demand Side Drivers
      • Supply Side Drivers
      • Macroeconomic Drivers
    • Market Restraints
    • Trends
    • Opportunities
    • Manufacturing Outlook
    • Marketed Details
    • Porters Analysis
    • Market Investment Proposition
    • Key Developments and Mergers and Acquisitions
  6. Hot Melt Adhesives Pricing Analysis
    • Pricing Forecast, Across Regions
    • Pricing Trends
  7. Hot Melt Adhesives Market, By Product Type
    • Introduction and Key Trends
    • Market Share Analysis, 2017 and 2028 (%)
    • EVA
      • Market Value Forecast, 2019-2028, (US$ Mn)
      • Y-o-Y Growth Analysis (%)
    • Polyolefins
      • Market Value Forecast, 2019-2028, (US$ Mn)
      • Y-o-Y Growth Analysis (%)
    • Styrene Block Copolymers
      • Market Value Forecast, 2019-2028, (US$ Mn)
      • Y-o-Y Growth Analysis (%)
    • Polyurethane (PUR)
      • Market Value Forecast, 2019-2028, (US$ Mn)
      • Y-o-Y Growth Analysis (%)
    • Hot Melt Pressure Sensitive Adhesives
      • Market Value Forecast, 2019-2028, (US$ Mn)
      • Y-o-Y Growth Analysis (%)
    • Others
      • Market Value Forecast, 2019-2028, (US$ Mn)
      • Y-o-Y Growth Analysis (%)
    • Market Attractiveness Analysis
  8. Hot Melt Adhesives Market, By Application
    • Introduction and Key Trends
    • Market Share Analysis, 2017 and 2028 (%)
    • Packaging
      • Market Value Forecast, 2019-2028, (US$ Mn)
      • Y-o-Y Growth Analysis (%)
    • Electronics
      • Market Value Forecast, 2019-2028, (US$ Mn)
      • Y-o-Y Growth Analysis (%)
    • Automotive
      • Market Value Forecast, 2019-2028, (US$ Mn)
      • Unit Sales Forecast (Mn Unit)
      • Y-o-Y Growth Analysis (%)
    • Hygiene Products
      • Market Value and Unit Forecast, 2019-2028, (US$ Mn)
      • Y-o-Y Growth Analysis (%)
    • Construction
      • Market Value and Unit Forecast, 2019-2028, (US$ Mn)
      • Y-o-Y Growth Analysis (%)
    • Furniture
      • Market Value and Unit Forecast, 2019-2028, (US$ Mn)
      • Y-o-Y Growth Analysis (%)
    • Textiles
      • Market Value and Unit Forecast, 2019-2028, (US$ Mn)
      • Y-o-Y Growth Analysis (%)
    • Others
      • Market Value and Unit Forecast, 2019-2028, (US$ Mn)
      • Y-o-Y Growth Analysis (%)
    • Market Attractiveness Analysis
  9. Hot Melt Adhesives Market, By Region
    • Introduction
    • Regional Trends
    • Regional Market Share Analysis, 2017 and 2028 (%)
    • Industry Value Proposition Analysis
    • Comparative Ranking Analysis, By Segments
    • Key Developments
  10. North America Hot Melt Adhesives Market Size
    • Introduction
    • Key Trends
    • Successive Revenue Opportunity Analysis
    • Revenue Analysis (US$ Million), By Product Type
    • Revenue Analysis (US$ Million), By Application
    • Revenue Analysis (US$ Million), By Country
      • S. Hot Melt Adhesives Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2019-2028
        • Growth Rate Analysis (%), 2019-2028
      • Canada Hot Melt Adhesives Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2019-2028
        • Growth Rate Analysis (%), 2019-2028
  1. Western Europe Hot Melt Adhesives Market Size
    • Introduction
    • Key Trends
    • Successive Revenue Opportunity Analysis
    • Revenue Analysis (US$ Million), By Product Type
    • Revenue Analysis (US$ Million), By Application
    • Revenue Analysis (US$ Million), By Country
      • Germany Hot Melt Adhesives Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2019-2028
        • Growth Rate Analysis (%), 2019-2028
      • France Hot Melt Adhesives Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2019-2028
        • Growth Rate Analysis (%), 2019-2028
      • UK Hot Melt Adhesives Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2019-2028
        • Growth Rate Analysis (%), 2019-2028
      • Netherlands Hot Melt Adhesives Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2019-2028
        • Growth Rate Analysis (%), 2019-2028
      • Spain Hot Melt Adhesives Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2019-2028
        • Growth Rate Analysis (%), 2019-2028
      • BENELUX Hot Melt Adhesives Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2019-2028
        • Growth Rate Analysis (%), 2019-2028
      • Italy Hot Melt Adhesives Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2019-2028
        • Growth Rate Analysis (%), 2019-2028
      • NORDIC Hot Melt Adhesives Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2019-2028
        • Growth Rate Analysis (%), 2019-2028
  1. Central and Eastern Europe (CEE) Hot Melt Adhesives Market Size
    • Introduction
    • Key Trends
    • Successive Revenue Opportunity Analysis
    • Revenue Analysis (US$ Million), By Product Type
    • Revenue Analysis (US$ Million), By Application
    • Revenue Analysis (US$ Million), By Country
      • Russia Hot Melt Adhesives Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2019-2028
        • Growth Rate Analysis (%), 2019-2028
      • Poland Hot Melt Adhesives Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2019-2028
        • Growth Rate Analysis (%), 2019-2028
      • Ukraine Hot Melt Adhesives Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2019-2028
        • Growth Rate Analysis (%), 2019-2028
      • Turkey Hot Melt Adhesives Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2019-2028
        • Growth Rate Analysis (%), 2019-2028
  1. Asia Pacific
    • Introduction
    • Key Trends
    • Successive Revenue Opportunity Analysis
    • Revenue Analysis (US$ Million), By Product Type
    • Revenue Analysis (US$ Million), By Application
    • Revenue Analysis (US$ Million), By Country
      • China Hot Melt Adhesives Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2019-2028
        • Growth Rate Analysis (%), 2019-2028
      • Japan Hot Melt Adhesives Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2019-2028
        • Growth Rate Analysis (%), 2019-2028
      • India Hot Melt Adhesives Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2019-2028
        • Growth Rate Analysis (%), 2019-2028
      • South Korea Hot Melt Adhesives Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2019-2028
        • Growth Rate Analysis (%), 2019-2028
      • Australia Hot Melt Adhesives Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2019-2028
        • Growth Rate Analysis (%), 2019-2028
      • ASEAN Hot Melt Adhesives Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2019-2028
        • Growth Rate Analysis (%), 2019-2028
      • Rest of Asia Pacific Hot Melt Adhesives Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2019-2028
        • Growth Rate Analysis (%), 2019-2028
  1. Latin America Hot Melt Adhesives Market Size
    • Introduction
    • Key Trends
    • Successive Revenue Opportunity Analysis
    • Revenue Analysis (US$ Million), By Product Type
    • Revenue Analysis (US$ Million), By Application
    • Revenue Analysis (US$ Million), By Country
      • Brazil Hot Melt Adhesives Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2019-2028
        • Growth Rate Analysis (%), 2019-2028
      • Argentina Hot Melt Adhesives Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2019-2028
        • Growth Rate Analysis (%), 2019-2028
      • Chile Hot Melt Adhesives Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2019-2028
        • Growth Rate Analysis (%), 2019-2028
      • Mexico Hot Melt Adhesives Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2019-2028
        • Growth Rate Analysis (%), 2019-2028
      • Uruguay Hot Melt Adhesives Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2019-2028
        • Growth Rate Analysis (%), 2019-2028
      • Rest of Latin Ameica Hot Melt Adhesives Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2019-2028
        • Growth Rate Analysis (%), 2019-2028
  1. Middle East
    • Introduction
    • Key Trends
    • Successive Revenue Opportunity Analysis
    • Revenue Analysis (US$ Million), By Product Type
    • Revenue Analysis (US$ Million), By Application
    • Revenue Analysis (US$ Million), By Country
      • GCC Animation Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2019-2028
        • Growth Rate Analysis (%), 2019-2028
      • Israel Hot Melt Adhesives Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2019-2028
        • Growth Rate Analysis (%), 2019-2028
      • Iran Hot Melt Adhesives Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2019-2028
        • Growth Rate Analysis (%), 2019-2028
      • Rest of Middle East Hot Melt Adhesives Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2019-2028
        • Growth Rate Analysis (%), 2019-2028
  1. Africa Hot Melt Adhesives Market Size
    • Introduction
    • Key Trends
    • Successive Revenue Opportunity Analysis
    • Revenue Analysis (US$ Million), By Product Type
    • Revenue Analysis (US$ Million), By Application
    • Revenue Analysis (US$ Million), By Country
      • North Africa Hot Melt Adhesives Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2019-2028
        • Growth Rate Analysis (%), 2019-2028
      • Central Africa Hot Melt Adhesives Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2019-2028
        • Growth Rate Analysis (%), 2019-2028
      • South Africa Hot Melt Adhesives Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2019-2028
        • Growth Rate Analysis (%), 2019-2028
  1. Company Landscape
    • Competition Dashboard
    • Company Market Positioning, 2018
    • Key Distributors, By Regional Presence
    • Distribution Channel Matrix
    • Company Profiles
      • 3M
        • Overview
        • Key Developments
        • Business Strategy
          • Product Level
          • Go-to-Market
          • Regional Level
        • SWOT Analysis
        • Regional Presence
      • Adhesive Technologies, Inc.
      • Worthen Industries Inc
      • American Chemical, Inc.
      • 3M
      • Jowat SE
      • Evans Adhesive Corporation Ltd.
      • Avery Dennison Corporation
      • Tex Year Industries Inc.
      • Bostik Inc.
      • Capital Adhesives & Packaging Corp.
      • LORD Corporation
      • Costchem srl, Daubert Chemical Company, Inc.
      • Ashland Global Holdings Inc.
      • Dow Corning Corporation
      • Alfa International Corporation
      • B. Fuller Company
      • Henkel AG & Co. KGaA
      • Sika AG

 (Key Pointers Covered for all other companies)

Hot Melt Adhesives Market Research Methodology

Bekryl Market Analysts has earned reputation within the market research and consulting industry for its ability to not only collect and reprint data but also its ability to build upon its extensive models and databases to provide meaningful forecasting and strategic planning services to clients.

Our research analyst and industry experts thoroughly investigates the industry by extensively interviewing the industry leaders and analyzing information from various secondary sources. The information collected is analyzed with the help of analytical tools to offer real time forecast solutions.

Hot Melt Adhesives Market Growth Forecasting Methodology

In order to prepare historical data and analyze Hot Melt Adhesives market forecast, Bekryl prepare data for product supply and actual demand from end-use consumers. Through this, we get to know actual demand for Hot Melt Adhesives market globally. The data collection is done through secondary and primary market research and then a constructive model is developed.

  • Secondary market research involves data collection through various paid publications and government agencies. Various journals and pre-encrypt transcripts is decoded to get the real time data solutions
  • The data collected through secondary research is then validated with the industry experts to minimize the anomaly and reflect key stakeholders opinion in the report.

With the model constructed, the cluttered data collected through different sources is structured with the help of proprietary analytical tools – making us understand the variation happened in the current year compared to historical years. To forecast Hot Melt Adhesives industry revenue, Bekryl Market Analysts takes in consideration the demand growth of the segments. Demand for the product is dependent on end-user spending which is a function of many factors: amongst them macroeconomic strength, price variation and other base factors.

The forecast methodology requires extensive data analysis across countries. Among all the factors, GVA and GDP output is considered as the first set of approximation. Bekryl Market Analysts has developed a demand driven model based on GDP across targeted countries.  Under this, co-relation is analyzed between product and GDP – resulting in a constant GDP-Product coefficient. Higher the coefficient- greater will be the growth rate. For instance, GDP-Product segment coefficient matrix of 3 denotes Hot Melt Adhesives industry growth is nearly 3.5X to 5.5X higher than the relative GDP.

Besides GDP-Product Coefficient, Bekryl establishes following relation variation for higher predictive analysis.

  • Base Factors Growth Analysis
  • Price Variation Analysis
  • Potential Consumer Mapping

Hot Melt Adhesives Industry Players: Competition Landscape Methodology

Bekryl maps key market players across regions. Financial ratios is taken in consideration along with regional presence and their value chain to understand the company market strength. Thereafter, investment proposition for each company is proposed which gives coefficient matrix value for the company. Industry experts is also reflected in company landscape.

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