Hot melt adhesives are 100% solid thermoplastic materials without any volatile organic compounds, which makes them safe for use in production, transportation, application and storage. They are also environment friendly and safe for use by humans. Hot melt adhesives consist of one or more polymers as well as additives such as stabilizers, pigments and resins which are carefully blended to exhibit different characteristics from base polymers. Hot melt adhesives are named after polymer bases. Various types of hot melt adhesives are ethylene vinyl acetate, polyolefin, polyamide, styrenic block copolymers, polyester, etc. Hot melt adhesives are used for applications in industries such as packaging, non-woven, automotive, product assembly, textiles, tapes and labels, woodworking, paper bonding, electronics and many more.
Market Value and Forecast:
The global hot melt adhesives market is anticipated to expand at a moderate CAGR during the forecast period. Market growth is mainly driven by technological advancements and product innovations in polymer bases. The global hot melt adhesives market is valued at US$ 5.4 Bn in 2015 in terms of value. Another major reason for the rise in demand for hot melt adhesives is its solvent free properties that comply with the regulatory authority’s requirements. This has led to increased production and consumption of hot melt adhesives. The global hot melt adhesives market is segmented on the basis of polymer bases, applications and regions.
Segmentation by Polymer Base:
The global hot melt adhesives market is segmented on the basis of the polymer base into ethylene vinyl acetate, polyolefin, polyamide, styrenic block copolymers and others. Out of these polymer bases, ethylene vinyl acetate accounted for over 40% of the global market share in 2015. Polyolefin is anticipated to be the fastest growing segment during the forecast period. The growth of ethylene vinyl acetate segment is expected to remain steady due to the availability of innovative and improved polymer bases.
Segmentation by Application:
The global hot melt adhesives market is segmented on the basis of application into packaging, automotive, construction, healthcare products and others. Others include textile, electronics, footwear and paper bonding. Out of all these applications, the packaging segment is expected to dominate with over 35% of the market share in 2015. Moreover, it is expected to be the fastest growing segment during the forecast period, followed by healthcare products.
The global hot melt adhesives market has been segment into seven major regions including North America, Western Europe, Asia Pacific Excluding Japan (APEJ), Japan, Eastern Europe, Latin America and the Middle East & Africa. Of all the regions, North America dominated the market with over 30% of the total market share in 2015. Western Europe is ranked second with more than 18% market share in 2015. In addition, Asia Pacific is anticipated to become the fastest growing region in the global hot melt adhesives market. Eastern Europe and the Middle East & Africa together accounted for 15% of the total market share in 2015 and are expected to witness a steady growth during the forecast period.
Some of the key players in the global hot melt adhesives market are Henkel AG & Co. KGaA, H. B. Fuller, Sika AG, The 3M Company, Arkema Group, Ashland Inc., Jowat AG, Palmetto Adhesives Company, Sipol S.p.A. and Sealock Ltd. These players continue to expand their global presence in emerging markets by establishing manufacturing plants in proximity to developing regions so as to reduce distribution costs and have direct interaction with customers. Moreover, major players are investing heavily in research activities so as to keep pace with changing market trends.
This Future Market Insights report examines the “Global Hot Melt Adhesives” market for the forecast period 2015-2025. The primary objective of the report is to identify opportunities in the market and present updates and insights, pertaining to various segments of the global hot melt adhesives market.
Hot melt adhesive are thermoplastic glues that are thermally melted on application and attain adhesion strength on cooling. Hot melt adhesives consist of one or more polymers as well as additives such as stabilizers, pigments and resins, which are carefully blended to exhibit different characteristics from base polymers. Hot melt adhesives are named after polymer bases. Various types of hot melt adhesives are ethylene vinyl acetate, polyolefin, polyamide, polyurethane, polyester, etc. Hot melt adhesives are used in industries such as packaging, non-woven, automotive, product assembly, textiles, tapes and labels, woodworking, paper bonding, electronics and many more.
To understand and assess opportunities available in this market, the report is categorically divided into three sections i.e., by polymer base, application and by region. The report analyses the global hot melt adhesive market in terms of market value (US$ Mn) and volume (Kilotons).
The report begins with an overview of the global hot melt adhesive market along with an overview of the parent market, appraising market performance in terms of revenue and volume, followed by FMI’s analysis of key trends, drivers, and restraints witnessed in the global market. Impact analysis of key growth drivers and restraints based on the weighted average model is also included to equip the client with crystal clear decision making insights.
The subsequent section analyzes the hot melt adhesives market as per polymer base, and presents a forecast for the period 2015-2025.
Polymer bases assessed in the report include:
Applications assessed in the report include:
Regions assessed in the report include:
To calculate market size, the report considers various aspects based on secondary research. Furthermore, data points such as regional and market split, by application, by polymer base and qualitative inputs from primary respondents have been incorporated to arrive at appropriate market estimates. The forecast presented in the report assesses the total revenue generated by the hot melt adhesives market.
When developing the market forecast, the report begins with sizing the current market, which forms the basis for forecasting how the market is anticipated to take shape in the near future. Given the characteristics of the market, FMI triangulates the data via different analysis based on the supply side, demand side and dynamics of the global hot melt adhesives market. However, quantifying the market across the above-mentioned segments and regions is more a matter of quantifying expectations and identifying opportunities rather than rationalizing them after the forecast has been completed.
It is imperative to note that in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR, but also analyse on the basis of key parameters, such as year-on-year (Y-o-Y) growth rates, to understand the predictability of the market and to identify the right opportunities.
Another key feature of this report is the analysis of hot melt adhesives market by region, by polymer base and by application and the corresponding revenue forecast in terms of absolute dollar opportunity. This is traditionally overlooked while forecasting the market. However, absolute dollar opportunity is critical for assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales perspective of the global market.
To understand key segments in terms of growth and performance in the hot melt adhesives market, Future Market insights has developed a market attractiveness index. The resulting index should help providers identify existing market opportunities in the global hot melt adhesives market.
In the final section of the report, a competitive landscape of the market is included to provide a dashboard view of companies that manufacture and supply hot melt adhesives. The report contains company profiles of some of the major players operating in the global hot melt adhesives market.
Some market players featured in this report include: