Hot-Melt Adhesives Market by Resin Type (EVA, SBC, MPO, APAO, Polyolefins), Application (Packaging Solutions, Nonwoven Hygiene Products, Furniture & Woodwork, Bookbinding), and Region - Global Forecast to 2029
The hot-melt adhesives market size is projected to reach USD 10.9 billion by 2029 at a CAGR of 2.8% from USD 9.5 billion in 2024. Ethylene Vinyl Acetate (EVA), by resin type segment is estimated to account for the largest share of the hot-melt adhesives market in 2023.
Ethylene Vinyl Acetate (EVA) is likely to account for the largest share of hot-melt adhesives market.
During the forecast period, EVA stands out as the largest resin type segment in the hot-melt adhesives market, both in terms of value and volume. This is largely due to its widespread application in manufacturing hot-melt adhesives for products such as baby diapers and feminine sanitary items. EVA's cost-effectiveness compared to other resins also boosts its demand. Conversely, PU is experiencing the fastest growth, primarily due to its increasing usage in nonwoven hygiene products, especially in emerging markets.
Packaging Solutions, by application accounted for the largest segment of hot-melt adhesives market.
Packaging solutions represented the largest application segment in the hot-melt adhesives market. This dominance is due to the growing use of hot-melt adhesives in diverse packaging applications, including bulk, industrial, commercial, and specialty packaging.
The packaging applications of hot-melt adhesives encompass carton boxes, envelopes, carton closures, cups, flexible packaging, specialty packaging, bags, and processed food products. Cases and cartons, made from paperboard, are utilized for packaging goods. They serve various purposes, including the transportation and storage of agricultural and poultry products, biscuits, chocolates, pharmaceutical products, and industrial items.
Asia Pacific, by region is forecasted to be the fastest segment of hot-melt adhesives market during the forecast period.
The Asia Pacific region is the fastest-growing market for hot-melt adhesives because industries such as packaging, automobiles, electronics, and construction are growing rapidly and calling for the best solutions to merge different things seamlessly. The increasing middle class population base coupled with higher per-capita income has led to increase packaged consumption and consumer durable goods envisaging a better demand for adhesive. This makes them versatile and effective depending on the formulation and technological improvements that would still accommodate most addressing industry demand. Also, friendly government policies and capital expenditure in infrastructural projects, which are adopted by the hot-melt adhesives’ key consumers such as the construction & automotive industries, improve market growth. The growth of new market places and platforms for shopping also contributes to the ever rising need for packaging materials in the region thus improving the overall growth of the market.
The break-up of the profile of primary participants in the hot-melt adhesives market:
Research Coverage:
The hot-melt adhesives market has been segmented based on Resin Type (Ethylene Vinyl Acetate (EVA), Styrenic Block Copolymer (SBC), Metallocene Polyolefin (MPO), Amorphous Polyalphaolefin (APAO), Polyolefins, and Other Resin Types), Application (Packaging Solutions, Nonwoven Hygiene Products, Furniture & Woodwork, Bookbinding, Other Applications), and by Region (Asia Pacific, Europe, North America, South America, and Middle East & Africa).
Reasons to Buy the Report
From an insight perspective, this research report focuses on various levels of analyses — industry analysis (industry trends), market ranking analysis of top players, and company profiles, which together comprise and discuss the basic views on the competitive landscape; emerging and high-growth segments of the market; high growth regions; and market drivers, restraints, opportunities, and challenges.
The report provides insights on the following pointers:
Ethylene Vinyl Acetate (EVA) is likely to account for the largest share of hot-melt adhesives market.
During the forecast period, EVA stands out as the largest resin type segment in the hot-melt adhesives market, both in terms of value and volume. This is largely due to its widespread application in manufacturing hot-melt adhesives for products such as baby diapers and feminine sanitary items. EVA's cost-effectiveness compared to other resins also boosts its demand. Conversely, PU is experiencing the fastest growth, primarily due to its increasing usage in nonwoven hygiene products, especially in emerging markets.
Packaging Solutions, by application accounted for the largest segment of hot-melt adhesives market.
Packaging solutions represented the largest application segment in the hot-melt adhesives market. This dominance is due to the growing use of hot-melt adhesives in diverse packaging applications, including bulk, industrial, commercial, and specialty packaging.
The packaging applications of hot-melt adhesives encompass carton boxes, envelopes, carton closures, cups, flexible packaging, specialty packaging, bags, and processed food products. Cases and cartons, made from paperboard, are utilized for packaging goods. They serve various purposes, including the transportation and storage of agricultural and poultry products, biscuits, chocolates, pharmaceutical products, and industrial items.
Asia Pacific, by region is forecasted to be the fastest segment of hot-melt adhesives market during the forecast period.
The Asia Pacific region is the fastest-growing market for hot-melt adhesives because industries such as packaging, automobiles, electronics, and construction are growing rapidly and calling for the best solutions to merge different things seamlessly. The increasing middle class population base coupled with higher per-capita income has led to increase packaged consumption and consumer durable goods envisaging a better demand for adhesive. This makes them versatile and effective depending on the formulation and technological improvements that would still accommodate most addressing industry demand. Also, friendly government policies and capital expenditure in infrastructural projects, which are adopted by the hot-melt adhesives’ key consumers such as the construction & automotive industries, improve market growth. The growth of new market places and platforms for shopping also contributes to the ever rising need for packaging materials in the region thus improving the overall growth of the market.
The break-up of the profile of primary participants in the hot-melt adhesives market:
- By Company Type: Tier 1 – 46%, Tier 2 – 36%, and Tier 3 – 18%
- By Designation: C Level – 21%, D Level – 23%, and Others – 56%
- By Region: North America – 37%, Europe – 23%, Asia Pacific – 26%, South America- 4%the Middle East & Africa – 10%.
Research Coverage:
The hot-melt adhesives market has been segmented based on Resin Type (Ethylene Vinyl Acetate (EVA), Styrenic Block Copolymer (SBC), Metallocene Polyolefin (MPO), Amorphous Polyalphaolefin (APAO), Polyolefins, and Other Resin Types), Application (Packaging Solutions, Nonwoven Hygiene Products, Furniture & Woodwork, Bookbinding, Other Applications), and by Region (Asia Pacific, Europe, North America, South America, and Middle East & Africa).
Reasons to Buy the Report
From an insight perspective, this research report focuses on various levels of analyses — industry analysis (industry trends), market ranking analysis of top players, and company profiles, which together comprise and discuss the basic views on the competitive landscape; emerging and high-growth segments of the market; high growth regions; and market drivers, restraints, opportunities, and challenges.
The report provides insights on the following pointers:
- Analysis of key drivers (demand for hot-melt adhesives in packaging industry to drive the market, catering to wide range of high growth applications, hot-melt adhesives replacing other adhesive technologies, high demand in DIY applications), restraints (lower thermal resistance of hot-melt adhesives), opportunities (Booming packaging and non-woven applications in Asia Pacific and South America, Increasing demand of hot-melt adhesives 5`over traditional adhesives), challenges (Difficulty in usage on hard-to-bond substances, volatility in raw material prices)
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the market
- Market Development: Comprehensive information about lucrative emerging markets – the report analyzes the market for hot-melt adhesives across regions
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the market
- Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the market.
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.2.1 INCLUSIONS AND EXCLUSIONS
1.2.2 DEFINITION AND INCLUSIONS, BY RESIN TYPE
1.2.3 DEFINITION AND INCLUSIONS, BY APPLICATION
1.3 MARKET SEGMENTATION
FIGURE 1 HOT-MELT ADHESIVES MARKET SEGMENTATION
1.3.1 REGIONS COVERED
1.3.2 YEARS CONSIDERED
1.4 CURRENCY CONSIDERED
1.5 UNITS CONSIDERED
1.6 STAKEHOLDERS
1.7 SUMMARY OF CHANGES
1.7.1 IMPACT OF RECESSION
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 2 HOT-MELT ADHESIVES MARKET: RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Key data from primary sources
2.1.2.2 Key industry insights
2.1.2.3 Breakdown of primary interviews
2.1.2.4 Primary data sources
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
FIGURE 3 MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
FIGURE 4 MARKET SIZE ESTIMATION: TOP-DOWN APPROACH
2.3 MARKET GROWTH FORECAST
2.3.1 SUPPLY-SIDE FORECAST
2.3.2 DEMAND-SIDE FORECAST
2.4 FACTOR ANALYSIS
FIGURE 5 MAJOR FACTORS IMPACTING HOT-MELT ADHESIVES MARKET
2.5 DATA TRIANGULATION
FIGURE 6 HOT-MELT ADHESIVES MARKET: DATA TRIANGULATION
2.6 ASSUMPTIONS
2.7 LIMITATIONS
2.8 GROWTH FORECAST
2.9 RISK ASSESSMENT
TABLE 1 HOT-MELT ADHESIVES MARKET: RISK ASSESSMENT
2.10 IMPACT OF RECESSION
3 EXECUTIVE SUMMARY
TABLE 2 HOT-MELT ADHESIVES MARKET SNAPSHOT, 2022 VS. 2027
FIGURE 7 PACKAGING SOLUTIONS APPLICATION TO DOMINATE MARKET DURING FORECAST PERIOD
FIGURE 8 ETHYLENE-VINYL ACETATE RESIN TO DOMINATE OVERALL MARKET DURING FORECAST PERIOD
FIGURE 9 ASIA PACIFIC LED GLOBAL HOT-MELT ADHESIVES MARKET IN 2023
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN HOT-MELT ADHESIVES MARKET
FIGURE 10 HOT-MELT ADHESIVES MARKET TO WITNESS HIGH GROWTH DURING FORECAST PERIOD
4.2 HOT-MELT ADHESIVES MARKET, BY RESIN TYPE
FIGURE 11 METALLOCENE POLYOLEFIN TO RECORD FASTEST GROWTH BETWEEN 2024 AND 2029
4.3 ASIA PACIFIC: HOT-MELT ADHESIVES MARKET, BY APPLICATION AND COUNTRY
FIGURE 12 CHINA ACCOUNTED FOR LARGEST MARKET SHARE IN ASIA PACIFIC
4.4 HOT-MELT ADHESIVES MARKET: DEVELOPED VS. EMERGING ECONOMIES
FIGURE 13 DEVELOPING ECONOMIES TO REGISTER HIGHER GROWTH DURING FORECAST PERIOD
4.5 HOT-MELT ADHESIVES MARKET, BY KEY COUNTRIES
FIGURE 14 INDIA TO RECORD FASTEST GROWTH DURING FORECAST PERIOD
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 15 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN HOT-MELT ADHESIVES MARKET
5.2.1 DRIVERS
5.2.1.1 Growth of packaging industry
5.2.1.2 High demand from nonwoven hygiene products, furniture & woodwork, and bookbinding applications
5.2.1.3 Growing preference for hot-melt adhesives over solvent-based adhesives
5.2.1.4 Increasing use in DIY applications
5.2.2 RESTRAINTS
5.2.2.1 Low thermal resistance of hot-melt adhesives
5.2.3 OPPORTUNITIES
5.2.3.1 Changing lifestyle and increasing consumer awareness in emerging economies
5.2.3.2 Development of eco-friendly reactive hot-melt adhesives
5.2.4 CHALLENGES
5.2.4.1 Difficulty in usage on hard-to-bond substances
5.2.4.2 Volatility in raw material prices
5.3 PORTER'S FIVE FORCES ANALYSIS
TABLE 3 PORTER'S FIVE FORCES ANALYSIS: HOT-MELT ADHESIVES MARKET
FIGURE 16 PORTER'S FIVE FORCES ANALYSIS: HOT-MELT ADHESIVES MARKET
5.3.1 THREAT OF NEW ENTRANTS
5.3.2 THREAT OF SUBSTITUTES
5.3.3 BARGAINING POWER OF BUYERS
5.3.4 BARGAINING POWER OF SUPPLIERS
5.3.5 INTENSITY OF COMPETITIVE RIVALRY
5.4 MACRO INDICATOR ANALYSIS
5.4.1 INTRODUCTION
5.4.2 TRENDS AND FORECAST OF GDP
TABLE 4 TRENDS AND FORECAST OF GDP, PERCENTAGE CHANGE, 2019–2029
5.4.3 TRENDS IN AUTOMOTIVE INDUSTRY
TABLE 5 AUTOMOTIVE INDUSTRY PRODUCTION (2022–2023)
5.4.4 TRENDS IN ELECTRONICS INDUSTRY
FIGURE 17 CONSUMER ELECTRONICS INDUSTRY REVENUE, BY SEGMENT (2018–2028)
5.4.5 TRENDS IN FOOTWEAR INDUSTRY
FIGURE 18 DISTRIBUTION OF FOOTWEAR PRODUCTION, BY REGION, 2022 (QUANTITY)
TABLE 6 FOOTWEAR CONSUMPTION CONTRIBUTION PERCENTAGE, 2022
6 INDUSTRY TRENDS
6.1 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS
FIGURE 19 NEW REVENUE POCKETS FOR PLAYERS IN HOT-MELT ADHESIVES MARKET
6.2 PRICING ANALYSIS
6.2.1 AVERAGE SELLING PRICE TREND, BY REGION
FIGURE 20 AVERAGE SELLING PRICE OF HOT-MELT ADHESIVES, BY REGION
6.2.2 AVERAGE SELLING PRICE TREND, BY RESIN TYPE
FIGURE 21 AVERAGE SELLING PRICE OF HOT-MELT ADHESIVES, BY RESIN TYPE
6.2.3 AVERAGE SELLING PRICE TREND, BY APPLICATION
FIGURE 22 AVERAGE SELLING PRICE OF HOT-MELT ADHESIVES, BY APPLICATION
6.2.4 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY APPLICATION
FIGURE 23 AVERAGE SELLING PRICE OF KEY PLAYERS, BY APPLICATION (2023)
TABLE 7 AVERAGE SELLING PRICE OF KEY PLAYERS, BY TOP 3 APPLICATIONS (USD/KG)
6.3 SUPPLY CHAIN ANALYSIS
FIGURE 24 HOT-MELT ADHESIVES MARKET: SUPPLY CHAIN ANALYSIS
6.4 ECOSYSTEM ANALYSIS
TABLE 8 HOT-MELT ADHESIVES MARKET: ROLE IN ECOSYSTEM
FIGURE 25 HOT-MELT ADHESIVES MARKET: ECOSYSTEM MAPPING
FIGURE 26 HOT-MELT ADHESIVES MARKET: STAKEHOLDERS IN ECOSYSTEM
6.5 TECHNOLOGY ANALYSIS
6.5.1 KEY TECHNOLOGIES
6.5.1.1 Ethylene vinyl acetate (EVA)
6.5.1.2 Styrenic block copolymer (SBC)
6.5.2 COMPLEMENTARY TECHNOLOGIES
6.5.2.1 Water-based adhesives
6.5.2.2 Solvent-based adhesives
6.5.2.3 UV curing adhesives
6.5.3 ADJACENT TECHNOLOGIES
6.5.3.1 Reactive hot-melt adhesives
6.5.3.2 Pressure-sensitive adhesives
6.6 PATENT ANALYSIS
FIGURE 27 MAJOR PATENT APPLICANTS FOR HOT-MELT ADHESIVES
6.6.1 LIST OF MAJOR PATENTS
6.7 TRADE ANALYSIS
6.7.1 EXPORT SCENARIO OF HOT-MELT ADHESIVES
FIGURE 28 HOT-MELT ADHESIVES EXPORT, BY KEY COUNTRIES, 2019?2023 (USD THOUSAND)
6.7.2 IMPORT SCENARIO OF HOT-MELT ADHESIVES
FIGURE 29 HOT-MELT ADHESIVES IMPORT, BY KEY COUNTRIES, 2019?2023 (USD THOUSAND)
6.8 KEY CONFERENCES & EVENTS
TABLE 9 HOT-MELT ADHESIVES MARKET: DETAILED LIST OF CONFERENCES & EVENTS, 2024?2025
6.9 REGULATORY LANDSCAPE
6.9.1 REGULATIONS AND STANDARDS
TABLE 10 LEEDS STANDARDS FOR ARCHITECTURAL APPLICATIONS
TABLE 11 LEEDS STANDARDS FOR SPECIALTY APPLICATIONS
TABLE 12 LEEDS STANDARDS FOR SUBSTRATE-SPECIFIC APPLICATIONS
6.9.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 13 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 14 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 15 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
6.10 KEY STAKEHOLDERS & BUYING CRITERIA
6.10.1 KEY STAKEHOLDERS IN BUYING PROCESS
FIGURE 30 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS
TABLE 16 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 APPLICATIONS (%)
6.10.2 BUYING CRITERIA
FIGURE 31 KEY BUYING CRITERIA FOR HOT-MELT ADHESIVES
TABLE 17 KEY BUYING CRITERIA FOR HOT-MELT ADHESIVES
6.11 INVESTMENT AND FUNDING SCENARIO
TABLE 18 INVESTMENT AND FUNDING SCENARIO
6.12 GLOBAL ECONOMIC SCENARIO AFFECTING MARKET GROWTH
6.12.1 RUSSIA–UKRAINE WAR
6.12.2 CHINA
6.12.2.1 China's debt problem
6.12.2.2 Environmental commitments
6.13 CASE STUDY ANALYSIS
6.13.1 CONVEYANCE OF NEW HOT-MELT ADHESIVE SOLUTION
6.13.2 MOUNTAIN VIEW PACKAGING SAVES 50% WITH HOT MELT DOTTING
6.13.3 PFAS-FREE HOT-MELT ADHESIVE DISPENSING MACHINE & RECIPROCATING NEEDLE
7 HOT-MELT ADHESIVES MARKET, BY RESIN TYPE
7.1 INTRODUCTION
FIGURE 32 ETHYLENE-VINYL ACETATE TO BE LARGEST SEGMENT IN OVERALL HOT-MELT ADHESIVES MARKET
TABLE 19 HOT-MELT ADHESIVES MARKET SIZE, BY RESIN TYPE, 2019–2023 (USD MILLION)
TABLE 20 HOT-MELT ADHESIVES MARKET SIZE, BY RESIN TYPE, 2024–2029 (USD MILLION)
TABLE 21 HOT-MELT ADHESIVES MARKET SIZE, BY RESIN TYPE, 2019–2023 (KILOTON)
TABLE 22 HOT-MELT ADHESIVES MARKET SIZE, BY RESIN TYPE, 2024–2029 (KILOTON)
7.2 ETHYLENE VINYL ACETATE
7.2.1 OFFERS GREATER FLEXIBILITY AND ABILITY TO WITHSTAND ADVERSE TEMPERATURE VARIATION
TABLE 23 ETHYLENE VINYL ACETATE: HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2019–2023 (USD MILLION)
TABLE 24 ETHYLENE VINYL ACETATE: HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2024–2029 (USD MILLION)
TABLE 25 ETHYLENE VINYL ACETATE: HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2019–2023 (KILOTON)
TABLE 26 ETHYLENE VINYL ACETATE: HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2024–2029 (KILOTON)
7.3 STYRENIC BLOCK COPOLYMER
7.3.1 GOOD HEATING PROPERTIES AND LOW MOISTURE ABSORPTION SUITABLE FOR HIGHER-TEMPERATURE APPLICATIONS
TABLE 27 STYRENIC BLOCK COPOLYMER: HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2019–2023 (USD MILLION)
TABLE 28 STYRENIC BLOCK COPOLYMER: HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2024–2029 (USD MILLION)
TABLE 29 STYRENIC BLOCK COPOLYMER: HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2019–2023 (KILOTON)
TABLE 30 STYRENIC BLOCK COPOLYMER: HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2024–2029 (KILOTON)
7.4 METALLOCENE POLYOLEFIN (MPO)
7.4.1 MPO SUITABLE FOR COLORLESS APPLICATIONS DUE TO ITS UNIQUE PROPERTIES
TABLE 31 METALLOCENE POLYOLEFIN: HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2019–2023 (USD MILLION)
TABLE 32 METALLOCENE POLYOLEFIN: HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2024–2029 (USD MILLION)
TABLE 33 METALLOCENE POLYOLEFIN: HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2019–2023 (KILOTON)
TABLE 34 METALLOCENE POLYOLEFIN: HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2024–2029 (KILOTON)
7.5 AMORPHOUS POLYALPHAOLEFIN (APAO)
7.5.1 NORTH AMERICA TO BE LARGEST MARKET FOR AMORPHOUS POLYALPHAOLEFIN SEGMENT
TABLE 35 AMORPHOUS POLYALPHAOLEFIN: HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2019–2023 (USD MILLION)
TABLE 36 AMORPHOUS POLYALPHAOLEFIN: HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2024–2029 (USD MILLION)
TABLE 37 AMORPHOUS POLYALPHAOLEFIN: HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2019–2023 (KILOTON)
TABLE 38 AMORPHOUS POLYALPHAOLEFIN: HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2024–2029 (KILOTON)
7.6 POLYOLEFINS
7.6.1 OFFERS SUPERIOR SEALING ABILITY, HIGH RESISTANCE, AND EXCELLENT OPTICS IN PACKAGING APPLICATIONS
TABLE 39 POLYOLEFINS: HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2019–2023 (USD MILLION)
TABLE 40 POLYOLEFINS: HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2024–2029 (USD MILLION)
TABLE 41 POLYOLEFINS: HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2019–2023 (KILOTON)
TABLE 42 POLYOLEFINS: HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2024–2029 (KILOTON)
7.7 OTHER RESIN TYPES
TABLE 43 OTHER RESIN TYPES: HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2019–2023 (USD MILLION)
TABLE 44 OTHER RESIN TYPES: HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2024–2029 (USD MILLION)
TABLE 45 OTHER RESIN TYPES: HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2019–2023 (KILOTON)
TABLE 46 OTHER RESIN TYPES: HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2024–2029 (KILOTON)
8 HOT-MELT ADHESIVES MARKET, BY APPLICATION
8.1 INTRODUCTION
FIGURE 33 PACKAGING SOLUTIONS TO BE LARGEST APPLICATION OF HOT-MELT ADHESIVES
TABLE 47 HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (USD MILLION)
TABLE 48 HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (USD MILLION)
TABLE 49 HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (KILOTON)
TABLE 50 HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (KILOTON)
8.2 PACKAGING SOLUTIONS
8.2.1 HIGH DEMAND FOR FLEXIBLE PACKAGING IN ASIA PACIFIC AND MIDDLE EAST & AFRICA TO FUEL DEMAND
8.2.1.1 Corrugated boxes and trays
8.2.1.2 Carton and side-seam closures
8.2.1.3 Non-pressure-sensitive labels and marking systems
8.2.1.4 Flexible packaging
8.2.1.5 Others
TABLE 51 HOT-MELT ADHESIVES MARKET SIZE IN PACKAGING SOLUTIONS, BY REGION, 2019–2023 (USD MILLION)
TABLE 52 HOT-MELT ADHESIVES MARKET SIZE IN PACKAGING SOLUTIONS, BY REGION, 2024–2029 (USD MILLION)
TABLE 53 HOT-MELT ADHESIVES MARKET SIZE IN PACKAGING SOLUTIONS, BY REGION, 2019–2023 (KILOTON)
TABLE 54 HOT-MELT ADHESIVES MARKET SIZE IN PACKAGING SOLUTIONS, BY REGION, 2024–2029 (KILOTON)
8.3 NONWOVEN HYGIENE PRODUCTS
8.3.1 INCREASING HYGIENE AWARENESS TO SUPPORT MARKET GROWTH
8.3.1.1 Baby diapers, nappies, and pants
8.3.1.2 Adult incontinence
8.3.1.3 Feminine care
TABLE 55 HOT-MELT ADHESIVES MARKET SIZE IN NONWOVEN HYGIENE PRODUCTS, BY REGION, 2019–2023 (USD MILLION)
TABLE 56 HOT-MELT ADHESIVES MARKET SIZE IN NONWOVEN HYGIENE PRODUCTS, BY REGION, 2024–2029 (USD MILLION)
TABLE 57 HOT-MELT ADHESIVES MARKET SIZE IN NONWOVEN HYGIENE PRODUCTS, BY REGION, 2019–2023 (KILOTON)
TABLE 58 HOT-MELT ADHESIVES MARKET SIZE IN NONWOVEN HYGIENE PRODUCTS, BY REGION, 2024–2029 (KILOTON)
8.4 FURNITURE & WOODWORK
8.4.1 ASIA PACIFIC WOODWORKING INDUSTRY TO INCREASE DEMAND FOR HOT-MELT ADHESIVES
8.4.1.1 Woodworking
8.4.1.2 Structural and non-structural wood products
TABLE 59 HOT-MELT ADHESIVES MARKET SIZE IN FURNITURE & WOODWORK, BY REGION, 2019–2023 (USD MILLION)
TABLE 60 HOT-MELT ADHESIVES MARKET SIZE IN FURNITURE & WOODWORK, BY REGION, 2024–2029 (USD MILLION)
TABLE 61 HOT-MELT ADHESIVES MARKET SIZE IN FURNITURE & WOODWORK, BY REGION, 2019–2023 (KILOTON)
TABLE 62 HOT-MELT ADHESIVES MARKET SIZE IN FURNITURE & WOODWORK, BY REGION, 2024–2029 (KILOTON)
8.5 BOOKBINDING
8.5.1 WATER-ELIMINATING ADVANTAGE AND QUICKER SET-UP TIME OF HOT-MELT ADHESIVES TO FUEL DEMAND IN BOOKBINDING
8.5.1.1 Spine binding
8.5.1.2 Cover page and edge bonding
TABLE 63 HOT-MELT ADHESIVES MARKET SIZE IN BOOKBINDING, BY REGION, 2019–2023 (USD MILLION)
TABLE 64 HOT-MELT ADHESIVES MARKET SIZE IN BOOKBINDING, BY REGION, 2024–2029 (USD MILLION)
TABLE 65 HOT-MELT ADHESIVES MARKET SIZE IN BOOKBINDING, BY REGION, 2019–2023 (KILOTON)
TABLE 66 HOT-MELT ADHESIVES MARKET SIZE IN BOOKBINDING, BY REGION, 2024–2029 (KILOTON)
8.6 OTHER APPLICATIONS
8.6.1 AUTOMOTIVE & TRANSPORT
8.6.2 CONSUMER DIY
8.6.3 FOOTWEAR
8.6.4 ELECTRONICS
TABLE 67 HOT-MELT ADHESIVES MARKET SIZE IN OTHER APPLICATIONS, BY REGION, 2019–2023 (USD MILLION)
TABLE 68 HOT-MELT ADHESIVES MARKET SIZE IN OTHER APPLICATIONS, BY REGION, 2024–2029 (USD MILLION)
TABLE 69 HOT-MELT ADHESIVES MARKET SIZE IN OTHER APPLICATIONS, BY REGION, 2019–2023 (KILOTON)
TABLE 70 HOT-MELT ADHESIVES MARKET SIZE IN OTHER APPLICATIONS, BY REGION, 2024–2029 (KILOTON)
9 HOT-MELT ADHESIVES MARKET, BY REGION
9.1 INTRODUCTION
FIGURE 34 ASIA PACIFIC TO LEAD HOT-MELT ADHESIVES MARKET DURING FORECAST PERIOD
TABLE 71 HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2019–2023 (USD MILLION)
TABLE 72 HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2024–2029 (USD MILLION)
TABLE 73 HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2019–2023 (KILOTON)
TABLE 74 HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2024–2029 (KILOTON)
9.2 ASIA PACIFIC
9.2.1 RECESSION IMPACT
FIGURE 35 ASIA PACIFIC: HOT-MELT ADHESIVES MARKET SNAPSHOT
TABLE 75 ASIA PACIFIC: HOT-MELT ADHESIVES MARKET SIZE, BY RESIN TYPE, 2019–2023 (USD MILLION)
TABLE 76 ASIA PACIFIC: HOT-MELT ADHESIVES MARKET SIZE, BY RESIN TYPE, 2024–2029 (USD MILLION)
TABLE 77 ASIA PACIFIC: HOT-MELT ADHESIVES MARKET SIZE, BY RESIN TYPE, 2019–2023 (KILOTON)
TABLE 78 ASIA PACIFIC: HOT-MELT ADHESIVES MARKET SIZE, BY RESIN TYPE, 2024–2029 (KILOTON)
TABLE 79 ASIA PACIFIC: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (USD MILLION)
TABLE 80 ASIA PACIFIC: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (USD MILLION)
TABLE 81 ASIA PACIFIC: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (KILOTON)
TABLE 82 ASIA PACIFIC: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (KILOTON)
TABLE 83 ASIA PACIFIC: HOT-MELT ADHESIVES MARKET SIZE, BY COUNTRY, 2019–2023 (USD MILLION)
TABLE 84 ASIA PACIFIC: HOT-MELT ADHESIVES MARKET SIZE, BY COUNTRY, 2024–2029 (USD MILLION)
TABLE 85 ASIA PACIFIC: HOT-MELT ADHESIVES MARKET SIZE, BY COUNTRY, 2019–2023 (KILOTON)
TABLE 86 ASIA PACIFIC: HOT-MELT ADHESIVES MARKET SIZE, BY COUNTRY, 2024–2029 (KILOTON)
9.2.2 CHINA
9.2.2.1 Technological advancements and innovations in hot-melt adhesive market to drive demand
TABLE 87 CHINA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (USD MILLION)
TABLE 88 CHINA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (USD MILLION)
TABLE 89 CHINA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (KILOTON)
TABLE 90 CHINA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (KILOTON)
9.2.3 JAPAN
9.2.3.1 Nonwoven hygiene products to be fastest-growing application of hot-melt adhesives in Japan
TABLE 91 JAPAN: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (USD MILLION)
TABLE 92 JAPAN: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (USD MILLION)
TABLE 93 JAPAN: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (KILOTON)
TABLE 94 JAPAN: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (KILOTON)
9.2.4 SOUTH KOREA
9.2.4.1 Growth in packaging & furniture industry to fuel demand
TABLE 95 SOUTH KOREA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (USD MILLION)
TABLE 96 SOUTH KOREA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (USD MILLION)
TABLE 97 SOUTH KOREA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (KILOTON)
TABLE 98 SOUTH KOREA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (KILOTON)
9.2.5 INDIA
9.2.5.1 Substantial growth in nonwoven technical textile production contributing to market growth
TABLE 99 INDIA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (USD MILLION)
TABLE 100 INDIA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (USD MILLION)
TABLE 101 INDIA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (KILOTON)
TABLE 102 INDIA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (KILOTON)
9.2.6 MALAYSIA
9.2.6.1 Growing demand for smart and biodegradable packaging of food to drive market
TABLE 103 MALAYSIA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (USD MILLION)
TABLE 104 MALAYSIA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (USD MILLION)
TABLE 105 MALAYSIA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (KILOTON)
TABLE 106 MALAYSIA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (KILOTON)
9.2.7 THAILAND
9.2.7.1 Robust industrial demand and shift towards eco-friendly practices to support market growth
TABLE 107 THAILAND: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (USD MILLION)
TABLE 108 THAILAND: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (USD MILLION)
TABLE 109 THAILAND: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (KILOTON)
TABLE 110 THAILAND: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (KILOTON)
9.2.8 REST OF ASIA PACIFIC
TABLE 111 REST OF ASIA PACIFIC: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (USD MILLION)
TABLE 112 REST OF ASIA PACIFIC: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (USD MILLION)
TABLE 113 REST OF ASIA PACIFIC: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (KILOTON)
TABLE 114 REST OF ASIA PACIFIC: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (KILOTON)
9.3 NORTH AMERICA
9.3.1 IMPACT OF RECESSION
FIGURE 36 NORTH AMERICA: HOT-MELT ADHESIVES MARKET SNAPSHOT
TABLE 115 NORTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY RESIN TYPE, 2019–2023 (USD MILLION)
TABLE 116 NORTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY RESIN TYPE, 2024–2029 (USD MILLION)
TABLE 117 NORTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY RESIN TYPE, 2019–2023 (KILOTON)
TABLE 118 NORTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY RESIN TYPE, 2024–2029 (KILOTON)
TABLE 119 NORTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (USD MILLION)
TABLE 120 NORTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (USD MILLION)
TABLE 121 NORTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (KILOTON)
TABLE 122 NORTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (KILOTON)
TABLE 123 NORTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY COUNTRY, 2019–2023 (USD MILLION)
TABLE 124 NORTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY COUNTRY, 2024–2029 (USD MILLION)
TABLE 125 NORTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY COUNTRY, 2019–2023 (KILOTON)
TABLE 126 NORTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY COUNTRY, 2024–2029 (KILOTON)
9.3.2 US
9.3.2.1 Rise in consumption of packed goods and growth in packaging industry to boost demand
TABLE 127 US: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (USD MILLION)
TABLE 128 US: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (USD MILLION)
TABLE 129 US: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (KILOTON)
TABLE 130 US: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (KILOTON)
9.3.3 CANADA
9.3.3.1 Automotive sector to play key role in driving demand for hot-melt adhesives
TABLE 131 CANADA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (USD MILLION)
TABLE 132 CANADA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (USD MILLION)
TABLE 133 CANADA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (KILOTON)
TABLE 134 CANADA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (KILOTON)
9.3.4 MEXICO
9.3.4.1 Dynamic trends and advancements in packaging industry to drive demand for hot-melt adhesives
TABLE 135 MEXICO: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (USD MILLION)
TABLE 136 MEXICO: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (USD MILLION)
TABLE 137 MEXICO: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (KILOTON)
TABLE 138 MEXICO: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (KILOTON)
9.4 EUROPE
9.4.1 IMPACT OF RECESSION
FIGURE 37 EUROPE: HOT-MELT ADHESIVES MARKET SNAPSHOT
TABLE 139 EUROPE: HOT-MELT ADHESIVES MARKET SIZE, BY RESIN TYPE, 2019–2023 (USD MILLION)
TABLE 140 EUROPE: HOT-MELT ADHESIVES MARKET SIZE, BY RESIN TYPE, 2024–2029 (USD MILLION)
TABLE 141 EUROPE: HOT-MELT ADHESIVES MARKET SIZE, BY RESIN TYPE, 2019–2023 (KILOTON)
TABLE 142 EUROPE: HOT-MELT ADHESIVES MARKET SIZE, BY RESIN TYPE, 2024–2029 (KILOTON)
TABLE 143 EUROPE: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (USD MILLION)
TABLE 144 EUROPE: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (USD MILLION)
TABLE 145 EUROPE: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (KILOTON)
TABLE 146 EUROPE: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (KILOTON)
TABLE 147 EUROPE: HOT-MELT ADHESIVES MARKET SIZE, BY COUNTRY, 2019–2023 (USD MILLION)
TABLE 148 EUROPE: HOT-MELT ADHESIVES MARKET SIZE, BY COUNTRY, 2024–2029 (USD MILLION)
TABLE 149 EUROPE: HOT-MELT ADHESIVES MARKET SIZE, BY COUNTRY, 2019–2023 (KILOTON)
TABLE 150 EUROPE: HOT-MELT ADHESIVES MARKET SIZE, BY COUNTRY, 2024–2029 (KILOTON)
9.4.2 GERMANY
9.4.2.1 Presence of strong food packaging industry to support market growth
TABLE 151 GERMANY: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (USD MILLION)
TABLE 152 GERMANY: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (USD MILLION)
TABLE 153 GERMANY: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (KILOTON)
TABLE 154 GERMANY: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (KILOTON)
9.4.3 FRANCE
9.4.3.1 Packaging industry to drive growth of hot-melt adhesives market
TABLE 155 FRANCE: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (USD MILLION)
TABLE 156 FRANCE: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (USD MILLION)
TABLE 157 FRANCE: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (KILOTON)
TABLE 158 FRANCE: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (KILOTON)
9.4.4 ITALY
9.4.4.1 Developed furniture manufacturing industry to create growth opportunities
TABLE 159 ITALY: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (USD MILLION)
TABLE 160 ITALY: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (USD MILLION)
TABLE 161 ITALY: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (KILOTON)
TABLE 162 ITALY: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (KILOTON)
9.4.5 UK
9.4.5.1 Innovative and energy-efficient technology in household appliances to increase demand
TABLE 163 UK: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (USD MILLION)
TABLE 164 UK: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (USD MILLION)
TABLE 165 UK: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (KILOTON)
TABLE 166 UK: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (KILOTON)
9.4.6 SPAIN
9.4.6.1 Rapid urbanization, rising standards of living, and growing middle-class population to boost demand
TABLE 167 SPAIN: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (USD MILLION)
TABLE 168 SPAIN: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (USD MILLION)
TABLE 169 SPAIN: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (KILOTON)
TABLE 170 SPAIN: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (KILOTON)
9.4.7 REST OF EUROPE
TABLE 171 REST OF EUROPE: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (USD MILLION)
TABLE 172 REST OF EUROPE: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (USD MILLION)
TABLE 173 REST OF EUROPE: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (KILOTON)
TABLE 174 REST OF EUROPE: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (KILOTON)
9.5 SOUTH AMERICA
9.5.1 IMPACT OF RECESSION
FIGURE 38 SOUTH AMERICA: HOT-MELT ADHESIVES MARKET SNAPSHOT
TABLE 175 SOUTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY RESIN TYPE, 2019–2023 (USD MILLION)
TABLE 176 SOUTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY RESIN TYPE, 2024–2029 (USD MILLION)
TABLE 177 SOUTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY RESIN TYPE, 2019–2023 (KILOTON)
TABLE 178 SOUTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY RESIN TYPE, 2024–2029 (KILOTON)
TABLE 179 SOUTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (USD MILLION)
TABLE 180 SOUTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (USD MILLION)
TABLE 181 SOUTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (KILOTON)
TABLE 182 SOUTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (KILOTON)
TABLE 183 SOUTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY COUNTRY, 2019–2023 (USD MILLION)
TABLE 184 SOUTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY COUNTRY, 2024–2029 (USD MILLION)
TABLE 185 SOUTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY COUNTRY, 2019–2023 (KILOTON)
TABLE 186 SOUTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY COUNTRY, 2024–2029 (KILOTON)
9.5.2 BRAZIL
9.5.2.1 Growing manufacturing sector to fuel demand
TABLE 187 BRAZIL: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (USD MILLION)
TABLE 188 BRAZIL: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (USD MILLION)
TABLE 189 BRAZIL: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (KILOTON)
TABLE 190 BRAZIL: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (KILOTON)
9.5.3 ARGENTINA
9.5.3.1 Strategic Industrial Plan 2020 supporting hot-melt adhesives market growth
TABLE 191 ARGENTINA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (USD MILLION)
TABLE 192 ARGENTINA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (USD MILLION)
TABLE 193 ARGENTINA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (KILOTON)
TABLE 194 ARGENTINA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (KILOTON)
9.5.4 REST OF SOUTH AMERICA
TABLE 195 REST OF SOUTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (USD MILLION)
TABLE 196 REST OF SOUTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (USD MILLION)
TABLE 197 REST OF SOUTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (KILOTON)
TABLE 198 REST OF SOUTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (KILOTON)
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.2.1 INCLUSIONS AND EXCLUSIONS
1.2.2 DEFINITION AND INCLUSIONS, BY RESIN TYPE
1.2.3 DEFINITION AND INCLUSIONS, BY APPLICATION
1.3 MARKET SEGMENTATION
FIGURE 1 HOT-MELT ADHESIVES MARKET SEGMENTATION
1.3.1 REGIONS COVERED
1.3.2 YEARS CONSIDERED
1.4 CURRENCY CONSIDERED
1.5 UNITS CONSIDERED
1.6 STAKEHOLDERS
1.7 SUMMARY OF CHANGES
1.7.1 IMPACT OF RECESSION
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 2 HOT-MELT ADHESIVES MARKET: RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Key data from primary sources
2.1.2.2 Key industry insights
2.1.2.3 Breakdown of primary interviews
2.1.2.4 Primary data sources
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
FIGURE 3 MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
FIGURE 4 MARKET SIZE ESTIMATION: TOP-DOWN APPROACH
2.3 MARKET GROWTH FORECAST
2.3.1 SUPPLY-SIDE FORECAST
2.3.2 DEMAND-SIDE FORECAST
2.4 FACTOR ANALYSIS
FIGURE 5 MAJOR FACTORS IMPACTING HOT-MELT ADHESIVES MARKET
2.5 DATA TRIANGULATION
FIGURE 6 HOT-MELT ADHESIVES MARKET: DATA TRIANGULATION
2.6 ASSUMPTIONS
2.7 LIMITATIONS
2.8 GROWTH FORECAST
2.9 RISK ASSESSMENT
TABLE 1 HOT-MELT ADHESIVES MARKET: RISK ASSESSMENT
2.10 IMPACT OF RECESSION
3 EXECUTIVE SUMMARY
TABLE 2 HOT-MELT ADHESIVES MARKET SNAPSHOT, 2022 VS. 2027
FIGURE 7 PACKAGING SOLUTIONS APPLICATION TO DOMINATE MARKET DURING FORECAST PERIOD
FIGURE 8 ETHYLENE-VINYL ACETATE RESIN TO DOMINATE OVERALL MARKET DURING FORECAST PERIOD
FIGURE 9 ASIA PACIFIC LED GLOBAL HOT-MELT ADHESIVES MARKET IN 2023
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN HOT-MELT ADHESIVES MARKET
FIGURE 10 HOT-MELT ADHESIVES MARKET TO WITNESS HIGH GROWTH DURING FORECAST PERIOD
4.2 HOT-MELT ADHESIVES MARKET, BY RESIN TYPE
FIGURE 11 METALLOCENE POLYOLEFIN TO RECORD FASTEST GROWTH BETWEEN 2024 AND 2029
4.3 ASIA PACIFIC: HOT-MELT ADHESIVES MARKET, BY APPLICATION AND COUNTRY
FIGURE 12 CHINA ACCOUNTED FOR LARGEST MARKET SHARE IN ASIA PACIFIC
4.4 HOT-MELT ADHESIVES MARKET: DEVELOPED VS. EMERGING ECONOMIES
FIGURE 13 DEVELOPING ECONOMIES TO REGISTER HIGHER GROWTH DURING FORECAST PERIOD
4.5 HOT-MELT ADHESIVES MARKET, BY KEY COUNTRIES
FIGURE 14 INDIA TO RECORD FASTEST GROWTH DURING FORECAST PERIOD
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 15 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN HOT-MELT ADHESIVES MARKET
5.2.1 DRIVERS
5.2.1.1 Growth of packaging industry
5.2.1.2 High demand from nonwoven hygiene products, furniture & woodwork, and bookbinding applications
5.2.1.3 Growing preference for hot-melt adhesives over solvent-based adhesives
5.2.1.4 Increasing use in DIY applications
5.2.2 RESTRAINTS
5.2.2.1 Low thermal resistance of hot-melt adhesives
5.2.3 OPPORTUNITIES
5.2.3.1 Changing lifestyle and increasing consumer awareness in emerging economies
5.2.3.2 Development of eco-friendly reactive hot-melt adhesives
5.2.4 CHALLENGES
5.2.4.1 Difficulty in usage on hard-to-bond substances
5.2.4.2 Volatility in raw material prices
5.3 PORTER'S FIVE FORCES ANALYSIS
TABLE 3 PORTER'S FIVE FORCES ANALYSIS: HOT-MELT ADHESIVES MARKET
FIGURE 16 PORTER'S FIVE FORCES ANALYSIS: HOT-MELT ADHESIVES MARKET
5.3.1 THREAT OF NEW ENTRANTS
5.3.2 THREAT OF SUBSTITUTES
5.3.3 BARGAINING POWER OF BUYERS
5.3.4 BARGAINING POWER OF SUPPLIERS
5.3.5 INTENSITY OF COMPETITIVE RIVALRY
5.4 MACRO INDICATOR ANALYSIS
5.4.1 INTRODUCTION
5.4.2 TRENDS AND FORECAST OF GDP
TABLE 4 TRENDS AND FORECAST OF GDP, PERCENTAGE CHANGE, 2019–2029
5.4.3 TRENDS IN AUTOMOTIVE INDUSTRY
TABLE 5 AUTOMOTIVE INDUSTRY PRODUCTION (2022–2023)
5.4.4 TRENDS IN ELECTRONICS INDUSTRY
FIGURE 17 CONSUMER ELECTRONICS INDUSTRY REVENUE, BY SEGMENT (2018–2028)
5.4.5 TRENDS IN FOOTWEAR INDUSTRY
FIGURE 18 DISTRIBUTION OF FOOTWEAR PRODUCTION, BY REGION, 2022 (QUANTITY)
TABLE 6 FOOTWEAR CONSUMPTION CONTRIBUTION PERCENTAGE, 2022
6 INDUSTRY TRENDS
6.1 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS
FIGURE 19 NEW REVENUE POCKETS FOR PLAYERS IN HOT-MELT ADHESIVES MARKET
6.2 PRICING ANALYSIS
6.2.1 AVERAGE SELLING PRICE TREND, BY REGION
FIGURE 20 AVERAGE SELLING PRICE OF HOT-MELT ADHESIVES, BY REGION
6.2.2 AVERAGE SELLING PRICE TREND, BY RESIN TYPE
FIGURE 21 AVERAGE SELLING PRICE OF HOT-MELT ADHESIVES, BY RESIN TYPE
6.2.3 AVERAGE SELLING PRICE TREND, BY APPLICATION
FIGURE 22 AVERAGE SELLING PRICE OF HOT-MELT ADHESIVES, BY APPLICATION
6.2.4 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY APPLICATION
FIGURE 23 AVERAGE SELLING PRICE OF KEY PLAYERS, BY APPLICATION (2023)
TABLE 7 AVERAGE SELLING PRICE OF KEY PLAYERS, BY TOP 3 APPLICATIONS (USD/KG)
6.3 SUPPLY CHAIN ANALYSIS
FIGURE 24 HOT-MELT ADHESIVES MARKET: SUPPLY CHAIN ANALYSIS
6.4 ECOSYSTEM ANALYSIS
TABLE 8 HOT-MELT ADHESIVES MARKET: ROLE IN ECOSYSTEM
FIGURE 25 HOT-MELT ADHESIVES MARKET: ECOSYSTEM MAPPING
FIGURE 26 HOT-MELT ADHESIVES MARKET: STAKEHOLDERS IN ECOSYSTEM
6.5 TECHNOLOGY ANALYSIS
6.5.1 KEY TECHNOLOGIES
6.5.1.1 Ethylene vinyl acetate (EVA)
6.5.1.2 Styrenic block copolymer (SBC)
6.5.2 COMPLEMENTARY TECHNOLOGIES
6.5.2.1 Water-based adhesives
6.5.2.2 Solvent-based adhesives
6.5.2.3 UV curing adhesives
6.5.3 ADJACENT TECHNOLOGIES
6.5.3.1 Reactive hot-melt adhesives
6.5.3.2 Pressure-sensitive adhesives
6.6 PATENT ANALYSIS
FIGURE 27 MAJOR PATENT APPLICANTS FOR HOT-MELT ADHESIVES
6.6.1 LIST OF MAJOR PATENTS
6.7 TRADE ANALYSIS
6.7.1 EXPORT SCENARIO OF HOT-MELT ADHESIVES
FIGURE 28 HOT-MELT ADHESIVES EXPORT, BY KEY COUNTRIES, 2019?2023 (USD THOUSAND)
6.7.2 IMPORT SCENARIO OF HOT-MELT ADHESIVES
FIGURE 29 HOT-MELT ADHESIVES IMPORT, BY KEY COUNTRIES, 2019?2023 (USD THOUSAND)
6.8 KEY CONFERENCES & EVENTS
TABLE 9 HOT-MELT ADHESIVES MARKET: DETAILED LIST OF CONFERENCES & EVENTS, 2024?2025
6.9 REGULATORY LANDSCAPE
6.9.1 REGULATIONS AND STANDARDS
TABLE 10 LEEDS STANDARDS FOR ARCHITECTURAL APPLICATIONS
TABLE 11 LEEDS STANDARDS FOR SPECIALTY APPLICATIONS
TABLE 12 LEEDS STANDARDS FOR SUBSTRATE-SPECIFIC APPLICATIONS
6.9.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 13 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 14 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 15 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
6.10 KEY STAKEHOLDERS & BUYING CRITERIA
6.10.1 KEY STAKEHOLDERS IN BUYING PROCESS
FIGURE 30 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS
TABLE 16 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 APPLICATIONS (%)
6.10.2 BUYING CRITERIA
FIGURE 31 KEY BUYING CRITERIA FOR HOT-MELT ADHESIVES
TABLE 17 KEY BUYING CRITERIA FOR HOT-MELT ADHESIVES
6.11 INVESTMENT AND FUNDING SCENARIO
TABLE 18 INVESTMENT AND FUNDING SCENARIO
6.12 GLOBAL ECONOMIC SCENARIO AFFECTING MARKET GROWTH
6.12.1 RUSSIA–UKRAINE WAR
6.12.2 CHINA
6.12.2.1 China's debt problem
6.12.2.2 Environmental commitments
6.13 CASE STUDY ANALYSIS
6.13.1 CONVEYANCE OF NEW HOT-MELT ADHESIVE SOLUTION
6.13.2 MOUNTAIN VIEW PACKAGING SAVES 50% WITH HOT MELT DOTTING
6.13.3 PFAS-FREE HOT-MELT ADHESIVE DISPENSING MACHINE & RECIPROCATING NEEDLE
7 HOT-MELT ADHESIVES MARKET, BY RESIN TYPE
7.1 INTRODUCTION
FIGURE 32 ETHYLENE-VINYL ACETATE TO BE LARGEST SEGMENT IN OVERALL HOT-MELT ADHESIVES MARKET
TABLE 19 HOT-MELT ADHESIVES MARKET SIZE, BY RESIN TYPE, 2019–2023 (USD MILLION)
TABLE 20 HOT-MELT ADHESIVES MARKET SIZE, BY RESIN TYPE, 2024–2029 (USD MILLION)
TABLE 21 HOT-MELT ADHESIVES MARKET SIZE, BY RESIN TYPE, 2019–2023 (KILOTON)
TABLE 22 HOT-MELT ADHESIVES MARKET SIZE, BY RESIN TYPE, 2024–2029 (KILOTON)
7.2 ETHYLENE VINYL ACETATE
7.2.1 OFFERS GREATER FLEXIBILITY AND ABILITY TO WITHSTAND ADVERSE TEMPERATURE VARIATION
TABLE 23 ETHYLENE VINYL ACETATE: HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2019–2023 (USD MILLION)
TABLE 24 ETHYLENE VINYL ACETATE: HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2024–2029 (USD MILLION)
TABLE 25 ETHYLENE VINYL ACETATE: HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2019–2023 (KILOTON)
TABLE 26 ETHYLENE VINYL ACETATE: HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2024–2029 (KILOTON)
7.3 STYRENIC BLOCK COPOLYMER
7.3.1 GOOD HEATING PROPERTIES AND LOW MOISTURE ABSORPTION SUITABLE FOR HIGHER-TEMPERATURE APPLICATIONS
TABLE 27 STYRENIC BLOCK COPOLYMER: HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2019–2023 (USD MILLION)
TABLE 28 STYRENIC BLOCK COPOLYMER: HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2024–2029 (USD MILLION)
TABLE 29 STYRENIC BLOCK COPOLYMER: HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2019–2023 (KILOTON)
TABLE 30 STYRENIC BLOCK COPOLYMER: HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2024–2029 (KILOTON)
7.4 METALLOCENE POLYOLEFIN (MPO)
7.4.1 MPO SUITABLE FOR COLORLESS APPLICATIONS DUE TO ITS UNIQUE PROPERTIES
TABLE 31 METALLOCENE POLYOLEFIN: HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2019–2023 (USD MILLION)
TABLE 32 METALLOCENE POLYOLEFIN: HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2024–2029 (USD MILLION)
TABLE 33 METALLOCENE POLYOLEFIN: HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2019–2023 (KILOTON)
TABLE 34 METALLOCENE POLYOLEFIN: HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2024–2029 (KILOTON)
7.5 AMORPHOUS POLYALPHAOLEFIN (APAO)
7.5.1 NORTH AMERICA TO BE LARGEST MARKET FOR AMORPHOUS POLYALPHAOLEFIN SEGMENT
TABLE 35 AMORPHOUS POLYALPHAOLEFIN: HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2019–2023 (USD MILLION)
TABLE 36 AMORPHOUS POLYALPHAOLEFIN: HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2024–2029 (USD MILLION)
TABLE 37 AMORPHOUS POLYALPHAOLEFIN: HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2019–2023 (KILOTON)
TABLE 38 AMORPHOUS POLYALPHAOLEFIN: HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2024–2029 (KILOTON)
7.6 POLYOLEFINS
7.6.1 OFFERS SUPERIOR SEALING ABILITY, HIGH RESISTANCE, AND EXCELLENT OPTICS IN PACKAGING APPLICATIONS
TABLE 39 POLYOLEFINS: HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2019–2023 (USD MILLION)
TABLE 40 POLYOLEFINS: HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2024–2029 (USD MILLION)
TABLE 41 POLYOLEFINS: HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2019–2023 (KILOTON)
TABLE 42 POLYOLEFINS: HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2024–2029 (KILOTON)
7.7 OTHER RESIN TYPES
TABLE 43 OTHER RESIN TYPES: HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2019–2023 (USD MILLION)
TABLE 44 OTHER RESIN TYPES: HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2024–2029 (USD MILLION)
TABLE 45 OTHER RESIN TYPES: HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2019–2023 (KILOTON)
TABLE 46 OTHER RESIN TYPES: HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2024–2029 (KILOTON)
8 HOT-MELT ADHESIVES MARKET, BY APPLICATION
8.1 INTRODUCTION
FIGURE 33 PACKAGING SOLUTIONS TO BE LARGEST APPLICATION OF HOT-MELT ADHESIVES
TABLE 47 HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (USD MILLION)
TABLE 48 HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (USD MILLION)
TABLE 49 HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (KILOTON)
TABLE 50 HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (KILOTON)
8.2 PACKAGING SOLUTIONS
8.2.1 HIGH DEMAND FOR FLEXIBLE PACKAGING IN ASIA PACIFIC AND MIDDLE EAST & AFRICA TO FUEL DEMAND
8.2.1.1 Corrugated boxes and trays
8.2.1.2 Carton and side-seam closures
8.2.1.3 Non-pressure-sensitive labels and marking systems
8.2.1.4 Flexible packaging
8.2.1.5 Others
TABLE 51 HOT-MELT ADHESIVES MARKET SIZE IN PACKAGING SOLUTIONS, BY REGION, 2019–2023 (USD MILLION)
TABLE 52 HOT-MELT ADHESIVES MARKET SIZE IN PACKAGING SOLUTIONS, BY REGION, 2024–2029 (USD MILLION)
TABLE 53 HOT-MELT ADHESIVES MARKET SIZE IN PACKAGING SOLUTIONS, BY REGION, 2019–2023 (KILOTON)
TABLE 54 HOT-MELT ADHESIVES MARKET SIZE IN PACKAGING SOLUTIONS, BY REGION, 2024–2029 (KILOTON)
8.3 NONWOVEN HYGIENE PRODUCTS
8.3.1 INCREASING HYGIENE AWARENESS TO SUPPORT MARKET GROWTH
8.3.1.1 Baby diapers, nappies, and pants
8.3.1.2 Adult incontinence
8.3.1.3 Feminine care
TABLE 55 HOT-MELT ADHESIVES MARKET SIZE IN NONWOVEN HYGIENE PRODUCTS, BY REGION, 2019–2023 (USD MILLION)
TABLE 56 HOT-MELT ADHESIVES MARKET SIZE IN NONWOVEN HYGIENE PRODUCTS, BY REGION, 2024–2029 (USD MILLION)
TABLE 57 HOT-MELT ADHESIVES MARKET SIZE IN NONWOVEN HYGIENE PRODUCTS, BY REGION, 2019–2023 (KILOTON)
TABLE 58 HOT-MELT ADHESIVES MARKET SIZE IN NONWOVEN HYGIENE PRODUCTS, BY REGION, 2024–2029 (KILOTON)
8.4 FURNITURE & WOODWORK
8.4.1 ASIA PACIFIC WOODWORKING INDUSTRY TO INCREASE DEMAND FOR HOT-MELT ADHESIVES
8.4.1.1 Woodworking
8.4.1.2 Structural and non-structural wood products
TABLE 59 HOT-MELT ADHESIVES MARKET SIZE IN FURNITURE & WOODWORK, BY REGION, 2019–2023 (USD MILLION)
TABLE 60 HOT-MELT ADHESIVES MARKET SIZE IN FURNITURE & WOODWORK, BY REGION, 2024–2029 (USD MILLION)
TABLE 61 HOT-MELT ADHESIVES MARKET SIZE IN FURNITURE & WOODWORK, BY REGION, 2019–2023 (KILOTON)
TABLE 62 HOT-MELT ADHESIVES MARKET SIZE IN FURNITURE & WOODWORK, BY REGION, 2024–2029 (KILOTON)
8.5 BOOKBINDING
8.5.1 WATER-ELIMINATING ADVANTAGE AND QUICKER SET-UP TIME OF HOT-MELT ADHESIVES TO FUEL DEMAND IN BOOKBINDING
8.5.1.1 Spine binding
8.5.1.2 Cover page and edge bonding
TABLE 63 HOT-MELT ADHESIVES MARKET SIZE IN BOOKBINDING, BY REGION, 2019–2023 (USD MILLION)
TABLE 64 HOT-MELT ADHESIVES MARKET SIZE IN BOOKBINDING, BY REGION, 2024–2029 (USD MILLION)
TABLE 65 HOT-MELT ADHESIVES MARKET SIZE IN BOOKBINDING, BY REGION, 2019–2023 (KILOTON)
TABLE 66 HOT-MELT ADHESIVES MARKET SIZE IN BOOKBINDING, BY REGION, 2024–2029 (KILOTON)
8.6 OTHER APPLICATIONS
8.6.1 AUTOMOTIVE & TRANSPORT
8.6.2 CONSUMER DIY
8.6.3 FOOTWEAR
8.6.4 ELECTRONICS
TABLE 67 HOT-MELT ADHESIVES MARKET SIZE IN OTHER APPLICATIONS, BY REGION, 2019–2023 (USD MILLION)
TABLE 68 HOT-MELT ADHESIVES MARKET SIZE IN OTHER APPLICATIONS, BY REGION, 2024–2029 (USD MILLION)
TABLE 69 HOT-MELT ADHESIVES MARKET SIZE IN OTHER APPLICATIONS, BY REGION, 2019–2023 (KILOTON)
TABLE 70 HOT-MELT ADHESIVES MARKET SIZE IN OTHER APPLICATIONS, BY REGION, 2024–2029 (KILOTON)
9 HOT-MELT ADHESIVES MARKET, BY REGION
9.1 INTRODUCTION
FIGURE 34 ASIA PACIFIC TO LEAD HOT-MELT ADHESIVES MARKET DURING FORECAST PERIOD
TABLE 71 HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2019–2023 (USD MILLION)
TABLE 72 HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2024–2029 (USD MILLION)
TABLE 73 HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2019–2023 (KILOTON)
TABLE 74 HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2024–2029 (KILOTON)
9.2 ASIA PACIFIC
9.2.1 RECESSION IMPACT
FIGURE 35 ASIA PACIFIC: HOT-MELT ADHESIVES MARKET SNAPSHOT
TABLE 75 ASIA PACIFIC: HOT-MELT ADHESIVES MARKET SIZE, BY RESIN TYPE, 2019–2023 (USD MILLION)
TABLE 76 ASIA PACIFIC: HOT-MELT ADHESIVES MARKET SIZE, BY RESIN TYPE, 2024–2029 (USD MILLION)
TABLE 77 ASIA PACIFIC: HOT-MELT ADHESIVES MARKET SIZE, BY RESIN TYPE, 2019–2023 (KILOTON)
TABLE 78 ASIA PACIFIC: HOT-MELT ADHESIVES MARKET SIZE, BY RESIN TYPE, 2024–2029 (KILOTON)
TABLE 79 ASIA PACIFIC: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (USD MILLION)
TABLE 80 ASIA PACIFIC: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (USD MILLION)
TABLE 81 ASIA PACIFIC: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (KILOTON)
TABLE 82 ASIA PACIFIC: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (KILOTON)
TABLE 83 ASIA PACIFIC: HOT-MELT ADHESIVES MARKET SIZE, BY COUNTRY, 2019–2023 (USD MILLION)
TABLE 84 ASIA PACIFIC: HOT-MELT ADHESIVES MARKET SIZE, BY COUNTRY, 2024–2029 (USD MILLION)
TABLE 85 ASIA PACIFIC: HOT-MELT ADHESIVES MARKET SIZE, BY COUNTRY, 2019–2023 (KILOTON)
TABLE 86 ASIA PACIFIC: HOT-MELT ADHESIVES MARKET SIZE, BY COUNTRY, 2024–2029 (KILOTON)
9.2.2 CHINA
9.2.2.1 Technological advancements and innovations in hot-melt adhesive market to drive demand
TABLE 87 CHINA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (USD MILLION)
TABLE 88 CHINA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (USD MILLION)
TABLE 89 CHINA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (KILOTON)
TABLE 90 CHINA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (KILOTON)
9.2.3 JAPAN
9.2.3.1 Nonwoven hygiene products to be fastest-growing application of hot-melt adhesives in Japan
TABLE 91 JAPAN: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (USD MILLION)
TABLE 92 JAPAN: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (USD MILLION)
TABLE 93 JAPAN: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (KILOTON)
TABLE 94 JAPAN: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (KILOTON)
9.2.4 SOUTH KOREA
9.2.4.1 Growth in packaging & furniture industry to fuel demand
TABLE 95 SOUTH KOREA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (USD MILLION)
TABLE 96 SOUTH KOREA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (USD MILLION)
TABLE 97 SOUTH KOREA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (KILOTON)
TABLE 98 SOUTH KOREA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (KILOTON)
9.2.5 INDIA
9.2.5.1 Substantial growth in nonwoven technical textile production contributing to market growth
TABLE 99 INDIA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (USD MILLION)
TABLE 100 INDIA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (USD MILLION)
TABLE 101 INDIA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (KILOTON)
TABLE 102 INDIA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (KILOTON)
9.2.6 MALAYSIA
9.2.6.1 Growing demand for smart and biodegradable packaging of food to drive market
TABLE 103 MALAYSIA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (USD MILLION)
TABLE 104 MALAYSIA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (USD MILLION)
TABLE 105 MALAYSIA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (KILOTON)
TABLE 106 MALAYSIA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (KILOTON)
9.2.7 THAILAND
9.2.7.1 Robust industrial demand and shift towards eco-friendly practices to support market growth
TABLE 107 THAILAND: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (USD MILLION)
TABLE 108 THAILAND: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (USD MILLION)
TABLE 109 THAILAND: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (KILOTON)
TABLE 110 THAILAND: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (KILOTON)
9.2.8 REST OF ASIA PACIFIC
TABLE 111 REST OF ASIA PACIFIC: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (USD MILLION)
TABLE 112 REST OF ASIA PACIFIC: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (USD MILLION)
TABLE 113 REST OF ASIA PACIFIC: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (KILOTON)
TABLE 114 REST OF ASIA PACIFIC: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (KILOTON)
9.3 NORTH AMERICA
9.3.1 IMPACT OF RECESSION
FIGURE 36 NORTH AMERICA: HOT-MELT ADHESIVES MARKET SNAPSHOT
TABLE 115 NORTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY RESIN TYPE, 2019–2023 (USD MILLION)
TABLE 116 NORTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY RESIN TYPE, 2024–2029 (USD MILLION)
TABLE 117 NORTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY RESIN TYPE, 2019–2023 (KILOTON)
TABLE 118 NORTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY RESIN TYPE, 2024–2029 (KILOTON)
TABLE 119 NORTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (USD MILLION)
TABLE 120 NORTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (USD MILLION)
TABLE 121 NORTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (KILOTON)
TABLE 122 NORTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (KILOTON)
TABLE 123 NORTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY COUNTRY, 2019–2023 (USD MILLION)
TABLE 124 NORTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY COUNTRY, 2024–2029 (USD MILLION)
TABLE 125 NORTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY COUNTRY, 2019–2023 (KILOTON)
TABLE 126 NORTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY COUNTRY, 2024–2029 (KILOTON)
9.3.2 US
9.3.2.1 Rise in consumption of packed goods and growth in packaging industry to boost demand
TABLE 127 US: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (USD MILLION)
TABLE 128 US: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (USD MILLION)
TABLE 129 US: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (KILOTON)
TABLE 130 US: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (KILOTON)
9.3.3 CANADA
9.3.3.1 Automotive sector to play key role in driving demand for hot-melt adhesives
TABLE 131 CANADA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (USD MILLION)
TABLE 132 CANADA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (USD MILLION)
TABLE 133 CANADA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (KILOTON)
TABLE 134 CANADA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (KILOTON)
9.3.4 MEXICO
9.3.4.1 Dynamic trends and advancements in packaging industry to drive demand for hot-melt adhesives
TABLE 135 MEXICO: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (USD MILLION)
TABLE 136 MEXICO: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (USD MILLION)
TABLE 137 MEXICO: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (KILOTON)
TABLE 138 MEXICO: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (KILOTON)
9.4 EUROPE
9.4.1 IMPACT OF RECESSION
FIGURE 37 EUROPE: HOT-MELT ADHESIVES MARKET SNAPSHOT
TABLE 139 EUROPE: HOT-MELT ADHESIVES MARKET SIZE, BY RESIN TYPE, 2019–2023 (USD MILLION)
TABLE 140 EUROPE: HOT-MELT ADHESIVES MARKET SIZE, BY RESIN TYPE, 2024–2029 (USD MILLION)
TABLE 141 EUROPE: HOT-MELT ADHESIVES MARKET SIZE, BY RESIN TYPE, 2019–2023 (KILOTON)
TABLE 142 EUROPE: HOT-MELT ADHESIVES MARKET SIZE, BY RESIN TYPE, 2024–2029 (KILOTON)
TABLE 143 EUROPE: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (USD MILLION)
TABLE 144 EUROPE: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (USD MILLION)
TABLE 145 EUROPE: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (KILOTON)
TABLE 146 EUROPE: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (KILOTON)
TABLE 147 EUROPE: HOT-MELT ADHESIVES MARKET SIZE, BY COUNTRY, 2019–2023 (USD MILLION)
TABLE 148 EUROPE: HOT-MELT ADHESIVES MARKET SIZE, BY COUNTRY, 2024–2029 (USD MILLION)
TABLE 149 EUROPE: HOT-MELT ADHESIVES MARKET SIZE, BY COUNTRY, 2019–2023 (KILOTON)
TABLE 150 EUROPE: HOT-MELT ADHESIVES MARKET SIZE, BY COUNTRY, 2024–2029 (KILOTON)
9.4.2 GERMANY
9.4.2.1 Presence of strong food packaging industry to support market growth
TABLE 151 GERMANY: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (USD MILLION)
TABLE 152 GERMANY: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (USD MILLION)
TABLE 153 GERMANY: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (KILOTON)
TABLE 154 GERMANY: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (KILOTON)
9.4.3 FRANCE
9.4.3.1 Packaging industry to drive growth of hot-melt adhesives market
TABLE 155 FRANCE: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (USD MILLION)
TABLE 156 FRANCE: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (USD MILLION)
TABLE 157 FRANCE: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (KILOTON)
TABLE 158 FRANCE: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (KILOTON)
9.4.4 ITALY
9.4.4.1 Developed furniture manufacturing industry to create growth opportunities
TABLE 159 ITALY: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (USD MILLION)
TABLE 160 ITALY: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (USD MILLION)
TABLE 161 ITALY: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (KILOTON)
TABLE 162 ITALY: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (KILOTON)
9.4.5 UK
9.4.5.1 Innovative and energy-efficient technology in household appliances to increase demand
TABLE 163 UK: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (USD MILLION)
TABLE 164 UK: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (USD MILLION)
TABLE 165 UK: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (KILOTON)
TABLE 166 UK: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (KILOTON)
9.4.6 SPAIN
9.4.6.1 Rapid urbanization, rising standards of living, and growing middle-class population to boost demand
TABLE 167 SPAIN: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (USD MILLION)
TABLE 168 SPAIN: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (USD MILLION)
TABLE 169 SPAIN: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (KILOTON)
TABLE 170 SPAIN: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (KILOTON)
9.4.7 REST OF EUROPE
TABLE 171 REST OF EUROPE: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (USD MILLION)
TABLE 172 REST OF EUROPE: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (USD MILLION)
TABLE 173 REST OF EUROPE: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (KILOTON)
TABLE 174 REST OF EUROPE: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (KILOTON)
9.5 SOUTH AMERICA
9.5.1 IMPACT OF RECESSION
FIGURE 38 SOUTH AMERICA: HOT-MELT ADHESIVES MARKET SNAPSHOT
TABLE 175 SOUTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY RESIN TYPE, 2019–2023 (USD MILLION)
TABLE 176 SOUTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY RESIN TYPE, 2024–2029 (USD MILLION)
TABLE 177 SOUTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY RESIN TYPE, 2019–2023 (KILOTON)
TABLE 178 SOUTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY RESIN TYPE, 2024–2029 (KILOTON)
TABLE 179 SOUTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (USD MILLION)
TABLE 180 SOUTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (USD MILLION)
TABLE 181 SOUTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (KILOTON)
TABLE 182 SOUTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (KILOTON)
TABLE 183 SOUTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY COUNTRY, 2019–2023 (USD MILLION)
TABLE 184 SOUTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY COUNTRY, 2024–2029 (USD MILLION)
TABLE 185 SOUTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY COUNTRY, 2019–2023 (KILOTON)
TABLE 186 SOUTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY COUNTRY, 2024–2029 (KILOTON)
9.5.2 BRAZIL
9.5.2.1 Growing manufacturing sector to fuel demand
TABLE 187 BRAZIL: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (USD MILLION)
TABLE 188 BRAZIL: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (USD MILLION)
TABLE 189 BRAZIL: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (KILOTON)
TABLE 190 BRAZIL: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (KILOTON)
9.5.3 ARGENTINA
9.5.3.1 Strategic Industrial Plan 2020 supporting hot-melt adhesives market growth
TABLE 191 ARGENTINA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (USD MILLION)
TABLE 192 ARGENTINA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (USD MILLION)
TABLE 193 ARGENTINA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (KILOTON)
TABLE 194 ARGENTINA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (KILOTON)
9.5.4 REST OF SOUTH AMERICA
TABLE 195 REST OF SOUTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (USD MILLION)
TABLE 196 REST OF SOUTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (USD MILLION)
TABLE 197 REST OF SOUTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (KILOTON)
TABLE 198 REST OF SOUTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (KILOTON)
The report, “Hot Melt Adhesives Market by Type (EVA, Styrenic Block Copolymers, Polyolefin, Polyurethane, Polyamide and Others), by Application (Packaging, Non-Woven, Pressure Sensitive, Construction, Bookbinding and Others) and by Region - Global Trends & Forecasts to 2019” defines and segments the hot melt adhesives market with analysis and forecast of the market size.
Hot melt adhesives market is projected to register a market size in terms of value of $7.5 Billion by 2019, signifying firm annualized growth of 6% between 2014 and 2019.
The hot melt adhesives market in Asia-Pacific is projected to register the fastest-growth mainly due to the presence of emerging economies such as China and India as well as emerging activities in the electronics, transportation, energy, and industrial sectors. Asia-Pacific is the second largest market for hot melt adhesives, and accounted for a share of around 30% of the global market share in terms of volume in 2013 which was majorly contributed by China. It is also estimated that India is the fastest-growing market for hot melt adhesives in the region owing to growing population, vast economies developed as well as developing, favorable investment policies, and government initiatives to promote industrial growth.
The polyolefins are the fastest growing product of hot melt adhesives. North America and Europe are currently the largest consumers of polyolefins, and together accounted for a share of more than 60% of the total polyolefin market size in 2013. The major type of polyolefins used in HMA is Amorphous Poly Alpha Olefin (APAO). APAO hot melt adhesives offer good resistance to acid and solvents with better cost effectiveness than EVA based HMA. In recent years, polyolefin HMA are manufactured in the presence of metallocene as a catalyst. These metallocene based polyolefins have shown a good performance in the packaging industry.
The packaging industry is one of the largest end-user industries of hot melt adhesives and this trend is projected to continue in the near future. North America is the biggest market for packaging industry, and accounted for a share of more than 40% of the total market size in 2013. It is also estimated that U.S. followed by Canada and Mexico are the fast-growing markets of hot melt adhesives for packaging industry in the region.
