Hot Melt Equipment Market

Market Overview

Hot melt equipment, as the name suggests, is used for the application of hot melt adhesives on the operational surface. Hot melt adhesives (HMA) are thermoplastic adhesives, also known as hot glue. These adhesives are generally applied through hot melt glue guns or hot melt equipment.

To heat and melt the thermoplastic glue, the equipment uses a continuous heating option and when it is pushed with the mechanical trigger arrangement/gun or by pressure from hand, the glue is squeezed out of the heated nozzle, which is hot enough to burn skin. It is sticky when hot, and solidifies over a few seconds (up to one minute). Hot melt thermoplastic glue can also be applied by spraying or dipping.

In various industries, hot melt adhesives are preferred over solvent-based adhesives as they offer several advantages such as low or no organic content and the fact that drying or curing is not needed. Hot melt adhesives have an extended work life and can easily be disposed of without special precautions. However, using thermoplastic adhesives at higher temperatures can lead to the complete melting of the adhesives and therefore, the thermal load of the substrate is a limitation.

But this can be minimized to a greater extent by using a reactive adhesive that, after solidification, goes through further curing by moisture to form reactive urethanes and silicone, or which can also be cured by UV radiation. Some hot melt adhesives are not resistant to weathering and chemical attacks and they don't lose thickness during solidification, while solvent-based adhesives lose up to 60 – 70% thickness of the layer at the time of drying.

Significant Growth in Packaging Industry

Hot Melt Equipment are extensively used in the packaging industry. They are an effective solution for high volume packaging applications in various industry such as food and beverage and paint and coating. Growth of the global packaging industry (especially in Asia Pacific) is anticipated to be a key factor driving the demand for hot melt equipment during the forecast period.

Rising development in pharmaceutical packaging, coupled with various regulations across the globe, is another factor adding to the growth of the hot melt equipment market. Furthermore, increasing adoption of electric hot melt equipment in growing industries such as electronic packaging is expected to fuel the demand for hot melt equipment and create significant growth opportunities for manufacturers in the mentioned market.

Hot melt adhesive technology Vs other adhesives technologies

Hot melt adhesive technology is preferred by high-volume fiberboard packagers and high-speed paperboards. This can be attributed to the fact that it is comparatively quicker and more flexible than other adhesive technologies.

The cost of hot melt adhesives is calculated per pound, whereas the cost of tape is calculated on a per foot basis. Tape dispensers are generally mechanical devices, such as rollers, tension bars and cutting blades, whereas hot melt dispensers are electronic devices that consist of a valve, which is wired to a sensor and conveyer.

Global Hot Melt Equipment Market: Regional outlook

The global hot melt equipment market is segmented into the following regions – North America, Latin America, Europe, South East Asia-Pacific, China, Japan, India and the Middle East and Africa. China, India and Southeast Asia are dominant in the global hot melt equipment market and is one of the major hubs of manufacturing and an exporter.

The growth of the packaging industry I basically dependent on the growth of other industry. The growing demand for packaging from various industry from China, India, and ASEAN etc. will lead to the growth of global hot melt equipment market.

Global Packaging Market

Source – World packaging org

Global Hot Melt Equipment Market: Key Players

Some of the key players identified in the global hot melt equipment market are Nordson Corporation, Glenmar Technology, Ellsworth Adhesives India PTY Limited, SURE TACK SYSTEMS, Banseok Precision Industry Co., Ltd, Musashi Engineering, Inc., Shenzhen Tengsheng Industrial Equipment Co., Ltd., and Twin Engineers Private Limited.

Opportunities for Market Participants

Increasing opportunities in the packaging industry due to growth of end use industries such as food and beverage and electronics are expected to create demand for hot melt equipment manufacturers in the coming years. With the market being less concentrated, opportunities for market entrants are projected to be on the optimistic side with focus on regional/local markets by market participants.

The value chain is also anticipated to expand due to an influx of product suppliers and retailers catering to high sales volume demand from consumers earning attractive trade margins.

Brief Approach to Research

FMI will follow a modeling-based approach and triangulation methodology to estimate data covered in this report. A detailed market understanding and assessment of the nature, product type and end uses of the product segments covered in the study are followed by a demand-side analysis to estimate the sales of target product segments, which is then cross-referenced with a supply-side assessment of value generated over a pre-defined period. The statistics and data are collected at a regional level and consolidated and synthesized at a global level to estimate the overall market sizes.

Key Data Points Covered in the Report

Some of the key data points covered in our report include:

• An overview of the hot melt equipment market, including background and evolution
• Macroeconomic factors affecting the hot melt equipment market and its potential
• Market dynamics, such as drivers, challenges and trends
• Technology roadmap involved from inception period to present date
• Detailed value chain analysis of the hot melt equipment market
• Cost structure of the products and segments covered in the global hot melt equipment market
• In-depth pricing analysis, by key product segments, regions and by major hot melt equipment market participants
• Analysis of supply and demand, such as top producing and consuming geographies, imports/exports and overall trade scenario in the global hot melt equipment market
• Analysis of the global hot melt equipment market structure, including a tier-wise categorization of key hot melt equipment market participants
• Competitive landscape of the market, including detailed profiles of top players in the hot melt equipment market

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

The report covers exhaust analysis on

• Market Segments
• Market Dynamics
• Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies involved
• Technology
• Value Chain

Regional analysis includes

• North America (U.S., Canada)
• Latin America (Mexico. Brazil)
• Western Europe (Germany, Italy, France, U.K, Spain)
• Eastern Europe (Poland, Russia)
• Asia Pacific (China, India, ASEAN, Australia & New Zealand)
• Japan
• Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Global Hot Melt Equipment Market: Segmentation

The global hot melt equipment market can be segmented on the basis of mode of operation, end use and regions.

On the basis of portability, the global hot melt equipment market can be segmented as follows:

• Portable
• Fixed

On the basis of application, the global hot melt equipment market can be segmented as follows:

• Packaging
• Coating

On the basis of end use industry, the global hot melt equipment market can be segmented as follows:

• Electronics
• Food and Beverage
• Paint and coating
• Others