Hot-Melt Adhesives Market

Global Hot-Melt Adhesives Market Size, Share, Development, Growth and Demand Forecast to 2022 – Industry Insights by Application (Packaging, Electronics, Wood & Furniture, Non-Woven / Hygiene, Construction), By Type (EVA, PUR, SBS/SIS, HMPSA, PA and Others)

Published: May 2016
Report Code: CM10654
Available Format:
Pages: 106

The global hot-melt adhesives market is witnessing significant growth, due to growth in end-use industries, rapid industrialization rate and expansion of packaging industry, and demand of environmental friendly adhesives and regulations for recycling. Moreover, the increasing demand for fuel efficient, light weight and enhancing driving dynamics of vehicles is supporting the growth of the global hot-melt adhesives market. The implementation of stringent environmental regulations across the globe is propelling the demand for hot-melt adhesives materials. Several international organizations are framing strict guidelines and standards, in order to promote adhesive products which are non-ozone depleting and free from volatile organic compound (VOC), solvent and toxins. HMAs market is witnessing a shifting trend from solvent-based adhesives to bio-based adhesives, as bio-based adhesives are more ecofriendly. China is the biggest greenhouse gases emitter, introducing new policies, which is expected to put a cap on carbon emission. In addition, other Asia-Pacific countries, such as India, Australia and Indonesia are also introducing new norms and regulation to mitigate climate change by reducing carbon emission and using eco-friendly adhesives products. Overall these policies are being employed globally, and would lead to significant growth in the hot-melt adhesives.



Hot-Melt Adhesives Market

The rapid industrialization in the emerging economies of Asia-Pacific has shown substantial growth in hot-melt adhesives market. The growth in automobile sector and paper packaging industry are the major contributor in the growth of the hot-melt adhesives market. Additionally, increasing purchasing powers of individuals, along with consumption trends and technological advancements has led to development of more varied, complex and eco-friendly products, which are positively driving the growth of the HMAs market.

Among the various types, the EVA segment held the largest share in the global hot-melt adhesives market in 2015, and it is anticipated to retain its dominance during the forecast period 2016 – 2022, as is offers excellent adhesion to many substrates including wood, plastics, paper, metals (specially steel and aluminum), rubbers and painted metals. The consumption of EVA, in comparison to PUR, PA, SBS/SIS, HMPSA and Others, for hot-melt adhesives is anticipated to witness the largest growth during 2016 – 2022, owing to there more general—purpose bonding applications and increases application in appliance industry. Moreover, the Packaging application segment dominated the global market in 2015, and it is also anticipated to hold the largest share by 2022.

The global hot-melt adhesives market was valued at $6,621.8 million in 2015, and it is expected to grow at a CAGR of 7.9% during 2016 – 2022. Asia-Pacific accounted for the largest market of hot-melt adhesives in the world, with 565.0 kilo tons of hot-melt adhesives consumed in 2015. The major reasons behind the growth of the market in this region include growth in end-use market, rapid industrialization and expansion in packaging industry and demand for environment friendly adhesives. North America is the second largest market in the global hot-melt adhesives market.

The key companies operating in the global hot-melt adhesives market includes the 3M Company, Dow Corning Corporation, Henkel AG & Co. KGaA, Ashland Inc., H.B. Fuller, Bostik Inc., Jowat SE, Toyobo and Westlake Chemicals Corporation.

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