Hot Melt Adhesives (HMA) Market Size By Type (Ethylene Vinyl Acetate (EVA), Styrenic Block Copolymer (SBC), Amorphous poly-alpha-olefin (AMOP), Metallocene Polyolefins (MPO), Polyurethane (PU), Polyamide (PA), Polyester), By Application (Pressure sensitive products, Packaging, Disposables, Book Binding, Furniture, Footwear, Automobile, Textile, Electronics) Industry Analysis Report, Regional Outlook, Growth Potential, Price Trend, Competitive Market Share & Forecast, 2021 – 2027

Industry Trends

Global Hot Melt Adhesives Market size exceeded USD 10.4 billion in 2020 and is estimated to grow at a CAGR of 6.7% between 2021 and 2027 owing to a wide range of applications of the product. Rising replacement of different variants of solvent based adhesives with HMA’s should drive product market growth.
 

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HMAs provide surface application on various materials including fabric, papers, plastics, cardboard, metals owing to its wide demand for DIY application. DIY application includes woodwork, craft, paper and plastic packaging. The product is widely used for these applications owing to ease of application which should stimulate the hot melt adhesives market share.
 

HMA provides long lasting and ultra-strong bonds suitable for crafts and household repairs and has an easy application that should foster market growth. Economic benefits, lack of product availability and need for customization have led to increased demand for the product for DIY application which should foster hot melt adhesives market growth.
 

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Wide application of Ethylene Vinyl Acetate for production of hot glue sticks should drive HMA demand

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Ethylene vinyl acetate application surpassed USD 4.5 billion in 2020 and shall register significant gains in the forecasted period. The ethylene vinyl acetate product offers clinginess enhancing the HMA for plastic wrap application. The EVA based HMA is widely used in biomedical engineering for its application in drug delivery devices. The drug delivery device is used in drug delivery research for slow drug delivery process and the product does not biodegrade within the device which should accelerate the hot melt adhesives market trends.
 

Ethylene vinyl acetate materials are also known as foam rubber which has wide application as foam paddings in bicycle, hockey pads, water ski boots which should raise the product demand. Furthermore, the product is used in sport shoes for shock absorption and in various running shoes for padding application.
 

EVA based hot melt adhesive application in sandals and slippers provide lightweight, glossy, cheap, odourless and are easy to form which should accelerate the product market growth. Furthermore, the product is used in production of flower making foam which is thin sheet and flexible and is widely used for artificial flower making by artists which is likely to accelerate the hot melt adhesives market growth.
 

Rising demand for hot melt adhesive from textile industry should augment product demand

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Textile industry application segment should surpass USD 435 million by 2027. The increased product demand from textile industry for coating and lamination process should accelerate the hot melt adhesives market value. Polyurethane HMA provides moisture curing benefits and provides highest bond line support in the textile materials. The product offers high strength of adhesion, high level of resistance during sterilisation and washing process which should raise the product demand from textile industry in the forecasted time span.
 

Rising disposable income and increasing preference for branded clothing should augment the textile industry growth. The diverse application of the product from textile to garment industry should boost the HMA market growth. The HMA offers resistance against dry clean solvents which is another factor contributing to business growth. Moreover, the product is used in cover materials of mattresses and sofa for undersides sticking application and provides high durability and improved resistance which should raise the product demand from textile industry.
 

Rising environmental regulations & increasing demand from packaging industry should accelerate market growth in North America

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North America should register gains of over USD 4.5 billion by the end of 2027. The region is witnessing strict environmental regulation for solvent based adhesives which should boost HMA market growth in the forecasted timespan. Furthermore, rising government regulation for environment safety, easy product access and limited availability of raw material can restrain the product market growth in the region.
 

Rising packaging industry in North America due to increasing demand for convenient packings of food and beverages should augment HMA market revenue. The paper packaging industry has wide product application including production of corrugated boxes. Packaging improves the shelf life of products owing to wide application in logistics, pharmaceutical, and healthcare industry which have high packaging application and should in turn raise HMA demand in the region.
 

Industrial products are packaged and sold to enhance product transport facility and provides storage stability which should boost the hot melt adhesives market volume. Furthermore, the product is important for sealing, closing and pallet stabilization applications.
 

Strategies such as product launches & partnerships adopted by manufacturers should augment product demand

Hot melt adhesives industry is fragmented and includes various market players including H.B. Fuller, 3M Company, Jowat SE, Henkel AG & Company, Delo Industrial Adhesives, Dow Corning, Arkema, BASF SE, Huntsman International LLC,, RPM International Inc., Sika AG and Beardow & Adams. Market players are primarily adopting growth strategies such as mergers and acquisitions to expand improve business and enhance profits.
 

According to recent news of February 2021, H.B. Fuller company has launched a new generation high performance adhesive which is liquid resistant, consumer safety and is designed for improved sustainability and fast-moving machines. The rising global regulations for ban of plastic has led H.B. Fuller company to develop high performance adhesive to meet increasing paper straw demand. Furthermore, rising technological advancements for production of superior quality, sustainable and consumer safe paper straws are likely to boost the hot melt adhesives market statistics.
 

Global hot melt adhesives market report includes in-depth coverage of the industry with estimates & forecast in terms of volume (Kilo Tons) and revenue in USD million from 2016 to 2027 for the following segments:

By Product

• Ethylene Vinyl Acetate (EVA)
• Styrenic Block Copolymer (SBC)
• Amorphous poly-alpha-olefin (AMOP)
• Metallocene Polyolefins (MPO)
• Polyurethane (PU)
• Polyamide (PA)
• Polyester

By Application

• Pressure sensitive products
• Packaging
• Disposables
• Book Binding
• Furniture
• Footwear
• Textile
•  Automobiles
• Electronics

The above information has been provided for the following regions:

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Spain
  • Poland
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Thailand
  • Malaysia
  • Australia
• Latin America
  • Brazil
  • Argentina
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Tanzania
  • Kuwait