Global Hot Melt Adhesives Market Size Study, by Resin Type (EVA, SBC, MPO, APAO, Polyolefins), by Application (Packaging Solutions, Nonwoven Hygiene Products, Furniture & Woodwork, Bookbinding) and Regional Forecasts 2022-2032

Description

The Global Hot Melt Adhesives Market is valued at approximately USD 9.24 billion in 2023 and is projected to grow steadily at a compound annual growth rate (CAGR) of 2.80% during the forecast period from 2024 to 2032. Hot melt adhesives (HMAs) have become integral across industries, providing reliable, flexible, and efficient bonding solutions. Known for their quick curing times and versatility across a broad range of applications, HMAs are widely adopted in packaging, hygiene products, woodworking, and bookbinding. Their solvent-free nature aligns with increasing environmental and safety regulations, further driving market growth.

The market's expansion is fueled by a rising demand for eco-friendly adhesives in the packaging industry, coupled with advancements in hot melt adhesive formulations. Packaging solutions, a major application segment, leverage HMAs for their superior bonding performance and adaptability to various substrates. Additionally, the surge in demand for nonwoven hygiene products, driven by demographic changes and evolving consumer preferences, significantly contributes to market growth. However, challenges such as fluctuating raw material prices and limited heat resistance in some formulations may slightly hinder growth.

Regionally, North America holds a leading position in the market, supported by a robust packaging industry and technological advancements in adhesive formulations. Europe closely follows, benefiting from stringent environmental regulations and high adoption of sustainable adhesive technologies. The Asia-Pacific region is anticipated to exhibit the fastest growth, driven by expanding industrial activities, increased demand for hygiene products, and significant growth in the e-commerce sector. Countries like China, India, and Japan stand out as pivotal contributors to this growth.

Major market players included in this report are:

Henkel AG & Co. KGaA
3M Company
H.B. Fuller Company
Arkema Group
Avery Dennison Corporation
Sika AG
Jowat SE
Dow Inc.
Eastman Chemical Company
Ashland Inc.
Bostik (a subsidiary of Arkema)
Buhnen GmbH & Co. KG
Beardow Adams (Adhesives) Ltd.
Adtech Adhesives Ltd.
Tesa SE

The detailed segments and sub-segments of the market are explained below:

By Resin Type:

EVA
SBC
MPO
APAO
Polyolefins

By Application:

Packaging Solutions
Nonwoven Hygiene Products
Furniture & Woodwork
Bookbinding

By Region:

North America:

U.S.
Canada

Europe:

UK
Germany
France
Spain
Italy
Rest of Europe

Asia-Pacific:

China
India
Japan
Australia
South Korea
Rest of Asia-Pacific

Latin America:

Brazil
Mexico

Middle East & Africa:

Saudi Arabia
South Africa
Rest of Middle East & Africa

Years considered for the study are as follows:

Historical Year: 2022
Base Year: 2023
Forecast Period: 2024-2032

Key Takeaways:

Market estimates and forecasts for 10 years from 2022 to 2032.
Comprehensive regional-level analysis for each market segment.
Detailed insights into the competitive landscape with major industry players.
Strategic recommendations for navigating future market challenges.
Thorough demand-side and supply-side market analysis.

Chapter 1. Global Hot Melt Adhesives Market Executive Summary

1.1. Global Hot Melt Adhesives Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Resin Type
  - 1.3.1.1. EVA
  - 1.3.1.2. SBC
  - 1.3.1.3. MPO
  - 1.3.1.4. APAO
  - 1.3.1.5. Polyolefins
- 1.3.2. By Application
  - 1.3.2.1. Packaging Solutions
  - 1.3.2.2. Nonwoven Hygiene Products
  - 1.3.2.3. Furniture & Woodwork
  - 1.3.2.4. Bookbinding
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Hot Melt Adhesives Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory Frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Hot Melt Adhesives Market Dynamics

3.1. Market Drivers
- 3.1.1. Rising Demand for Eco-friendly Packaging Solutions
- 3.1.2. Advancements in Adhesive Formulations
- 3.1.3. Growth in Nonwoven Hygiene Products Sector
3.2. Market Challenges
- 3.2.1. Fluctuating Raw Material Prices
- 3.2.2. Limited Heat Resistance in Certain Formulations
3.3. Market Opportunities
- 3.3.1. Innovations in Hot Melt Adhesive Technologies
- 3.3.2. Expansion in Furniture & Woodwork Applications
- 3.3.3. Growth in Bookbinding Industry

Chapter 4. Global Hot Melt Adhesives Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunities
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Hot Melt Adhesives Market Size & Forecasts by Resin Type 2022-2032

5.1. Segment Dashboard
5.2. Global Hot Melt Adhesives Market: Resin Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 5.2.1. EVA
- 5.2.2. SBC
- 5.2.3. MPO
- 5.2.4. APAO
- 5.2.5. Polyolefins

Chapter 6. Global Hot Melt Adhesives Market Size & Forecasts by Application 2022-2032

6.1. Segment Dashboard
6.2. Global Hot Melt Adhesives Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 6.2.1. Packaging Solutions
- 6.2.2. Nonwoven Hygiene Products
- 6.2.3. Furniture & Woodwork
- 6.2.4. Bookbinding

Chapter 7. Global Hot Melt Adhesives Market Size & Forecasts by End-use Industry 2022-2032

7.1. Segment Dashboard
7.2. Global Hot Melt Adhesives Market: End-use Industry Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 7.2.1. Wires & Cables
- 7.2.2. Plumbing
- 7.2.3. Automotive
- 7.2.4. Medical
- 7.2.5. Others

Chapter 8. Global Hot Melt Adhesives Market Size & Forecasts by Region 2022-2032

8.1. North America Hot Melt Adhesives Market
- 8.1.1. U.S. Hot Melt Adhesives Market
  - 8.1.1.1. Resin Type Breakdown Size & Forecasts, 2022-2032
  - 8.1.1.2. Application Breakdown Size & Forecasts, 2022-2032
  - 8.1.1.3. End-use Industry Breakdown Size & Forecasts, 2022-2032
- 8.1.2. Canada Hot Melt Adhesives Market
8.2. Europe Hot Melt Adhesives Market
- 8.2.1. UK Hot Melt Adhesives Market
- 8.2.2. Germany Hot Melt Adhesives Market
- 8.2.3. France Hot Melt Adhesives Market
- 8.2.4. Spain Hot Melt Adhesives Market
- 8.2.5. Italy Hot Melt Adhesives Market
- 8.2.6. Rest of Europe Hot Melt Adhesives Market
8.3. Asia-Pacific Hot Melt Adhesives Market
- 8.3.1. China Hot Melt Adhesives Market
- 8.3.2. India Hot Melt Adhesives Market
- 8.3.3. Japan Hot Melt Adhesives Market
- 8.3.4. Australia Hot Melt Adhesives Market
- 8.3.5. South Korea Hot Melt Adhesives Market
- 8.3.6. Rest of Asia-Pacific Hot Melt Adhesives Market
8.4. Latin America Hot Melt Adhesives Market
- 8.4.1. Brazil Hot Melt Adhesives Market
- 8.4.2. Mexico Hot Melt Adhesives Market
- 8.4.3. Rest of Latin America Hot Melt Adhesives Market
8.5. Middle East & Africa Hot Melt Adhesives Market
- 8.5.1. Saudi Arabia Hot Melt Adhesives Market
- 8.5.2. South Africa Hot Melt Adhesives Market
- 8.5.3. Rest of Middle East & Africa Hot Melt Adhesives Market

Chapter 9. Competitive Intelligence

9.1. Key Company SWOT Analysis
- 9.1.1. Henkel AG & Co. KGaA
- 9.1.2. 3M Company
- 9.1.3. H.B. Fuller Company
9.2. Top Market Strategies
9.3. Company Profiles
- 9.3.1. Henkel AG & Co. KGaA
  - 9.3.1.1. Key Information
  - 9.3.1.2. Overview
  - 9.3.1.3. Financial (Subject to Data Availability)
  - 9.3.1.4. Product Summary
  - 9.3.1.5. Market Strategies
- 9.3.2. 3M Company
- 9.3.3. H.B. Fuller Company
- 9.3.4. Arkema Group
- 9.3.5. Avery Dennison Corporation
- 9.3.6. Sika AG
- 9.3.7. Jowat SE
- 9.3.8. Dow Inc.
- 9.3.9. Eastman Chemical Company
- 9.3.10. Ashland Inc.
- 9.3.11. Bostik (a subsidiary of Arkema)
- 9.3.12. Buhnen GmbH & Co. KG
- 9.3.13. Beardow Adams (Adhesives) Ltd.
- 9.3.14. Adtech Adhesives Ltd.
- 9.3.15. Tesa SE

Chapter 10. Research Process

10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
10.2. Research Attributes