The global hot melt adhesives market was valued at USD 7.8 billion in 2018 and is expected to reach USD 12.5 billion in 2026, growing at a CAGR of 5.9% during the forecast period.
Hot melt adhesives (HMA) is defined as a type of thermoplastic adhesive material which is used in several industrial applications including packaging and building & construction. Holt melt adhesives are also known as hot glue as it is applied over target area by using hot glue gun which uses a heating element in order to melt the adhesive. These adhesives do not consist formaldehyde which has several adverse effects on human and environment health due to which hot melt adhesives are gaining popularity globally. Moreover, hot melt adhesives come in solid form which eliminates the risk of losing physical properties in humid weather conditions. Additionally, the application of hot melt adhesives is very easy and do not require costly shutdown and start up process during application.
Hot Melt Adhesives Market Segmentation |
|
| By Resin Type | 1. Ethylene-vinyl Acetate (EVA) |
| 2. Styrenic Block Copolymers | |
| 3. Metallocene Polyolefin (MPO) | |
| 4. Polyamide | |
| 5. Polyolefins | |
| 6. Amorphous Poly-Alphaolefin (APAO) | |
| 7. polyurethane (PU) | |
| 8. Others | |
| By Distribution Channel | 1. Online |
| 2. Offline | |
| By End Use Industry | 1. Building and Construction |
| 2. Paper | |
| 3. Packaging | |
| 4. Woodworking and Joinery | |
| 5. Transportation | |
| 6. Footwear and Leather | |
| 7. Others | |
| By Region | 1. North America (US and Canada) |
| 2. Europe (UK, Germany, France and Rest of Europe) | |
| 3. Asia Pacific (China, Japan, India and Rest of Asia Pacific) | |
| 4. Latin America (Brazil, Mexico and Rest of Latin America) | |
| 5. Middle East & Africa (GCC and Rest of Middle East & Africa) | |
Global hot melt adhesive industry is driven by tremendous demand from paper and packaging industry. Non-woven disposable products are finding increasing application in multiple industrial sectors which is further propelling the demand for hot melt adhesives. However, fluctuating raw material prices is anticipated to hinder the hot melt adhesives market growth during the forecast period. On the other hand, demand from emerging economies such as China and India is expected to offer numerous growth opportunities in the near future.
The ethylene vinyl acetate (EVA) segment expected to grow at the fastest rate of 8% CAGR during the forecast period
Based on the resin type, the global hot melt adhesives market has been segmented into ethylene-vinyl acetate (EVA), styrenic block copolymers, metallocene polyolefin (mPO), polyamide, polyolefins, amorphous poly-alphaolefin (APAO), polyurethane (PU) and others. The ethylene vinyl acetate (EVA) segment expected to grow at the highest CAGR of almost 8% CAGR during the forecast period owing to Easy formulation of EVA resin hot melt adhesive is driving the demand for segmental growth globally.
Based on distribution channel, the offline segment is estimated to hold the highest market share in 2018
Based on the distribution channel, the market has been segmented into online and offline. In 2018, the offline segment is accounted for the highest market share of almost 75% in the global market. Moreover, the online segment registers for the higher penetration rate in the future owing to the incorporation of the last-mile delivery system is transforming the online sales channel of supply chain globally resulting in huge demand for e-commerce segment.
Based on end use industry, the packaging industry segment is expected to lead during the forecast period
Based on end use industry, the market has been segmented into building and construction, paper, packaging, woodworking and joinery, transportation, footwear, and leather, among others. The packaging industry segment is expected to lead the market in 2018 owing to the growing industrialization and rapid growth of the packaging industry are fuelling the demand for hot melt adhesives from this segment.
North America to dominate the hot melt adhesives market throughout the forecast period
North America region is by far the largest contributor to the growth of global hot melt adhesives market which contributed more than 35% market share globally. However, the Asia Pacific region is anticipated to showcase the highest growth rate during the forecast period.
The major players operating in the global hot melt adhesives market are 3M Company (U.S.), Arkema (France), Dow Corning (U.S.), H.B. Fuller (U.S.), Henkel AG & Company KGaA (Germany), Jowat SE (Germany), Beardow & Adams (Adhesives) Limited (U.K.), Avery Dennison (US), Tex Year Industries Inc. (US) and Sika AG (Switzerland) among others.
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Chapter 1 Executive Summary
1.1. Market Summary
1.1.1. Global Hot Melt Adhesives Market, 2016-2026, (USD Million)
1.2. Market Snapshot: Global Hot Melt Adhesives Market
1.3. Market Dynamics
1.4. Global Hot Melt Adhesives Market, by Segment, 2018
1.4.1. Global Hot Melt Adhesives Market, by Resin Type, 2018, (USD Million)
1.4.2. Global Hot Melt Adhesives Market, by Distribution Channel, 2018, (USD Million)
1.4.3. Global Hot Melt Adhesives Market, by End User, 2018, (USD Million)
1.4.4. Global Hot Melt Adhesives Market, by Region, 2018 (USD Million)
1.5. Premium Insights
1.5.1. Hot Melt Adhesives Market In Developed Vs. Developing Economies, 2018 vs 2026
1.5.2. Global Hot Melt Adhesives Market: Regional Life Cycle Analysis
Chapter 2 Market Dynamics
2.1. Market Overview
2.2. Market Drivers
2.2.1. Growth in use across wide range of applications
2.2.2. Rise in the demand for efficient adhesives
2.3. Market Restraints
2.3.1. Highly susceptible to thermal energy
2.3.2. Fluctuating raw material prices
2.4. Market Opportunities
2.4.1. Rapidly growing packaging industry in developing economies
2.4.2. Adoption of modern production methods
2.5. Industry Value Chain Analysis
2.6. Pricing Analysis
2.7. Porter’s Five Forces Analysis
Chapter 3 Global Hot Melt Adhesives Market, by Resin Type
3.1. Market Overview, by Resin Type
3.1.1. Global Hot Melt Adhesives Market, by Resin Type, 2016-2026 (USD Million)
3.1.2. Incremental Opportunity, by Resin Type, 2018
3.2. Ethylene Vinyl Acetate (EVA)
3.2.1. Global Hot Melt Adhesives Market, by Ethylene Vinyl Acetate (EVA), 2016-2026, (USD Million)
3.3. Styrenic Block Copolymers (SBC)
3.3.1. Global Hot Melt Adhesives Market, by Styrenic Block Copolymers (SBC), 2016-2026, (USD Million)
3.4. Metallocene Polyolefin (MPO)
3.4.1. Global Hot Melt Adhesives Market, by Metallocene Polyolefin (MPO), 2016-2026, (USD Million)
3.5. Amorphous Polyalphaolefins (APAO)
3.5.1. Global Hot Melt Adhesives Market, by Amorphous Polyalphaolefins (APAO), 2016-2026, (USD Million)
3.6. Polyolefins
3.6.1. Global Hot Melt Adhesives Market, by Polyolefins, 2016-2026, (USD Million)
3.7. Polyamides
3.7.1. Global Hot Melt Adhesives Market, by Polyamides, 2016-2026, (USD Million)
3.8. Polyurethane (PU)
3.8.1. Global Hot Melt Adhesives Market, by Polyurethane (PU), 2016-2026, (USD Million)
3.9. Others
3.9.1. Global Hot Melt Adhesives Market, by Others, 2016-2026, (USD Million)
Chapter 4 Global Hot Melt Adhesives Market, by Distribution Channel
4.1. Market Overview, by Distribution Channel
4.1.1. Global Hot Melt Adhesives Market, by Distribution Channel, 2016-2026 (USD Million)
4.1.2. Incremental Opportunity, by Distribution Channel, 2018
4.2. Online
4.2.1. Global Hot Melt Adhesives Market, by Online, 2016-2026, (USD Million)
4.3. Offline
4.3.1. Global Hot Melt Adhesives Market, by Offline, 2016-2026, (USD Million)
Chapter 5 Global Hot Melt Adhesives Market, by End User
5.1. Market Overview, by End User
5.1.1. Global Hot Melt Adhesives Market, by End User, 2016-2026 (USD Million)
5.1.2. Incremental Opportunity, by End User, 2018
5.2. Building and Construction
5.2.1. Global Hot Melt Adhesives Market, by Building and Construction, 2016-2026, (USD Million)
5.3. Paper
5.3.1. Global Hot Melt Adhesives Market, by Paper, 2016-2026, (USD Million)
5.4. Packaging
5.4.1. Global Hot Melt Adhesives Market, by Packaging, 2016-2026, (USD Million)
5.5. Woodworking and Joinery
5.5.1. Global Hot Melt Adhesives Market, by Woodworking and Joinery, 2016-2026, (USD Million)
5.6. Transportation
5.6.1. Global Hot Melt Adhesives Market, by Transportation, 2016-2026, (USD Million)
5.7. Footwear and Leather
5.7.1. Global Hot Melt Adhesives Market, by Footwear and Leather, 2016-2026, (USD Million)
5.8. Others
5.8.1. Global Hot Melt Adhesives Market, by Others, 2016-2026, (USD Million)
Chapter 6 Global Hot Melt Adhesives Market, by Region
6.1. Market Overview, by Region
6.1.1. Global Hot Melt Adhesives Market, by Region, 2016-2026, (USD Million)
6.2. Attractive Investment Opportunity, by Region, 2018
6.3. North America Hot Melt Adhesives Market
6.3.1. North America Hot Melt Adhesives Market, by Resin Type, 2016-2026 (USD Million)
6.3.2. North America Hot Melt Adhesives Market, by Distribution Channel, 2018, (USD Million)
6.3.3. North America Hot Melt Adhesives Market, by End User, 2016-2026 (USD Million)
6.3.4. United States Hot Melt Adhesives Market, 2016-2026 (USD Million)
6.3.5. Canada Hot Melt Adhesives Market, 2016-2026 (USD Million)
6.4. Europe Hot Melt Adhesives Market
6.4.1. Europe Hot Melt Adhesives Market, by Resin Type, 2016-2026 (USD Million)
6.4.2. Europe Hot Melt Adhesives Market, by Distribution Channel, 2018, (USD Million)
6.4.3. Europe Hot Melt Adhesives Market, by End User, 2016-2026 (USD Million)
6.4.4. United Kingdom Hot Melt Adhesives Market, 2016-2026 (USD Million)
6.4.5. Germany Hot Melt Adhesives Market, 2016-2026 (USD Million)
6.4.6. France Hot Melt Adhesives Market, 2016-2026 (USD Million)
6.4.7. Rest of Europe Hot Melt Adhesives Market, 2016-2026 (USD Million)
6.5. Asia Pacific Hot Melt Adhesives Market
6.5.1. Asia Pacific Hot Melt Adhesives Market, by Resin Type, 2016-2026 (USD Million)
6.5.2. Asia Pacific Hot Melt Adhesives Market, by Distribution Channel, 2018, (USD Million)
6.5.3. Asia Pacific Hot Melt Adhesives Market, by End User, 2016-2026 (USD Million)
6.5.4. China Hot Melt Adhesives Market, 2016-2026 (USD Million)
6.5.5. Japan Hot Melt Adhesives Market, 2016-2026 (USD Million)
6.5.6. India Hot Melt Adhesives Market, 2016-2026 (USD Million)
6.5.7. Rest of Asia Pacific Hot Melt Adhesives Market, 2016-2026 (USD Million)
6.6. Latin America Hot Melt Adhesives Market
6.6.1. Latin America Hot Melt Adhesives Market, by Resin Type, 2016-2026 (USD Million)
6.6.2. Latin America Hot Melt Adhesives Market, by Distribution Channel, 2018, (USD Million)
6.6.3. Latin America Hot Melt Adhesives Market, by End User, 2016-2026 (USD Million)
6.6.4. Brazil Hot Melt Adhesives Market, 2016-2026 (USD Million)
6.6.5. Mexico Hot Melt Adhesives Market, 2016-2026 (USD Million)
6.6.6. Rest of Latin America Hot Melt Adhesives Market, 2016-2026 (USD Million)
6.7. Middle East & Africa Hot Melt Adhesives Market
6.7.1. Middle East & Africa Hot Melt Adhesives Market, by Resin Type, 2016-2026 (USD Million)
6.7.2. Middle East & Africa Hot Melt Adhesives Market, by Distribution Channel, 2018, (USD Million)
6.7.3. Middle East & Africa Hot Melt Adhesives Market, by End User, 2016-2026 (USD Million)
6.7.4. GCC Hot Melt Adhesives Market, 2016-2026 (USD Million)
6.7.5. Rest of Middle East & Africa Hot Melt Adhesives Market, 2016-2026 (USD Million)
Chapter 7 Competitive Intelligence
7.1. Top 5 Players Comparison
7.2. Market Positioning of Key Players, 2018
7.3. Market Players Mapping
7.3.1. By Resin Type
7.3.2. By Distribution Channel
7.3.3. By End User
7.3.4. By Region
7.4. Strategies Adopted by Key Market Players
7.5. Recent Developments in the Market
7.5.1. Mergers & Acquisitions, Partnership, New Resin Type Developments
Chapter 8 Company Profiles
8.1. 3M Company
8.1.1. 3M Company Overview
8.1.2. 3M Company Portfolio
8.1.3. 3M Company Financial Overview
8.1.4. 3M Company News/Recent Developments
8.2. Arkema
8.2.1. Arkema Overview
8.2.2. Arkema Portfolio
8.2.3. Arkema Financial Overview
8.2.4. Arkema News/Recent Developments
8.3. Avery Dennison Corporation
8.3.1. Avery Dennison Corporation Overview
8.3.2. Avery Dennison Corporation Portfolio
8.3.3. Avery Dennison Corporation Financial Overview
8.3.4. Avery Dennison Corporation News/Recent Developments
8.4. Beardow & Adams (Adhesives) Ltd.
8.4.1. Beardow & Adams (Adhesives) Ltd. Overview
8.4.2. Beardow & Adams (Adhesives) Ltd. Portfolio
8.4.3. Beardow & Adams (Adhesives) Ltd. Financial Overview
8.4.4. Beardow & Adams (Adhesives) Ltd. News/Recent Developments
8.5. DOW Corning Corporation
8.5.1. DOW Corning Corporation Overview
8.5.2. DOW Corning Corporation Portfolio
8.5.3. DOW Corning Corporation Financial Overview
8.5.4. DOW Corning Corporation News/Recent Developments
8.6. HB Fuller Company
8.6.1. HB Fuller Company Overview
8.6.2. HB Fuller Company Portfolio
8.6.3. HB Fuller Company Financial Overview
8.6.4. HB Fuller Company News/Recent Developments
8.7. Henkel AG & Co. KGaA
8.7.1. Henkel AG & Co. KGaA Overview
8.7.2. Henkel AG & Co. KGaA Portfolio
8.7.3. Henkel AG & Co. KGaA Financial Overview
8.7.4. Henkel AG & Co. KGaA News/Recent Developments
8.8. Jowat SE
8.8.1. Jowat SE Overview
8.8.2. Jowat SE Portfolio
8.8.3. Jowat SE Financial Overview
8.8.4. Jowat SE News/Recent Developments
8.9. Sika AG
8.9.1. Sika AG Overview
8.9.2. Sika AG Portfolio
8.9.3. Sika AG Financial Overview
8.9.4. Sika AG News/Recent Developments
8.10. Tex Year Industries Inc.
8.10.1. Tex Year Industries Inc. Overview
8.10.2. Tex Year Industries Inc. Portfolio
8.10.3. Tex Year Industries Inc. Financial Overview
8.10.4. Tex Year Industries Inc. News/Recent Developments
Chapter 9 Preface
9.1. Data Triangulation
9.2. Research Methodology
9.2.1. Phase I – Secondary Research
9.2.2. Phase II – Primary Research
9.2.3. Phase III – Expert Panel Review
9.2.4. Approach Adopted
9.2.4.1. Top-Down Approach
9.2.4.2. Bottom-Up Approach
9.2.5. Supply- Demand side
9.2.6. Breakup of the Primary Profiles
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