Hot Melt Adhesives Market Size, Industry Analysis Report, By Products (Ethylene Vinyl Acetate (EVA), Styrenic Block Copolymer (SBC), Amorphous poly-alpha-olefin (AMOP), Metallocene Polyolefins (MPO), Polyurethane (PU), Polyamide (PA), Polyester), By Application (Packaging, Disposables, Pressure sensitive products, Book binding, Furniture, Footwear, Automobile, Textile, Electronics), Industry Outlook Report, Regional Analysis, Application Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2026

Published Date: Oct 2019  |  Report ID: GMI263  |  Authors: Kunal Ahuja, Shreya Deb

Report Format: PDF   |   Pages: 320   |   Base Year: 2018




Summary Table of Contents Industry Coverage Methodology

Durable packing solution for industries to drive HMA market demand

Hot Melt Adhesives Market size exceeded USD 6.60 billion, globally in 2018 and is estimated to grow at over 6.4% CAGR between 2019 and 2026.
 

Hot Melt Adhesives Market

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Hot melt adhesives are formulations based on thermoplastic polymers which can be softened and reshaped on heating above their melting point. These adhesives are applied on a material in liquid state and offer easy to clean application with minimum toxicity. They are served in a wide array of industries such as packaging owing to their high stability & strength, making them a suitable alternative to solvent-borne adhesives.
 

Usage of HMAs is gaining popularity owing to their low processing costs and superior durability. 3M, a manufacturer of advanced materials & adhesives offers high performance hot melt adhesives with flash point ranging from 514 °F to 536 °F. HMA’s offered by 3M are served in a variety of applications including packaging, furniture and automotive. Emergence of hi-tech machineries & equipment has enabled manufacturers to improve product innovations and incorporate high quality, eco-friendly thermoplastics without any addition of solvents.
 

Packaging industry requires long-lasting adhesive solutions to ensure that the final product remains unaffected from moisture and other environmental conditions. These adhesives are formulated in various packaging applications owing to its exceptional strength, aesthetic appeal and low VOC emissions in comparison to other packaging solutions. The product offers an effective solution for carton closing, sealing and play a significant role in overcoming challenges such as energy efficiency and product safety. This has further enhanced its usage in food, beverage & other consumer goods packaging applications.
 

Global packaging adhesives market size amounted over at USD 10.5 billion in 2018. Demand for flexible packaging solutions which offer extended shelf life and make products convenient to store is on rise. This has promoted new innovations in processing methods which are the key attributes related to hot melt adhesive products. In June 2019, Jowat SE, a manufacturer of high performance adhesives introduced PUR technology for the manufacture of hot melt adhesives. The process helps in achieving HMA’s with effective long term resistance, superior bond strength as well as high heat resistance.
 

According to the U.S. Sec 175.105 of Federal Regulations, hot melt adhesives should meet the requirements for indirect contact with food. Hot melt adhesives tapes are suitable for carton sealing both fruit and vegetable boxes. It is not only used for agricultural packaging but also in prepacked food boxes. The regulation lays down requirements for hot melt adhesive use in food packaging applications. Various ASTM standards such as D4499-07(2015), ASTM D 4498 – 07 (2015), and D3236 establish test methods for distinguishing between different adhesives based on their viscosities and open time.

 

Hot Melt Adhesives Market Report Coverage
Report Coverage Details
Base Year: 2018 Market Size in 2018: USD 6.60 Billion
Historical Data for: 2014 to 2018 Forecast Period: 2019 to 2026
Forecast Period (2019 to 2026) CAGR: 6.4% 2026 Value Projection: USD 10.85 Billion
Pages: 320 Tables, Charts & Figures: 261
Geographies covered (22): U.S., Canada, Mexico, Germany, UK, France, Russia, Spain, China, India, Japan, South Korea, Australia, Malaysia, Thailand, Brazil, Argentina, Saudi Arabia, South Africa, UAE, Kuwait, Tanzania
Segments covered: Product & Applications
Companies covered (21): Henkel AG & Co., KGaA, Arkema Group, H.B. Fuller, Ashland, Inc., Sika AG, 3M Company, Jowat Klebstoffe, Palmetto Adhesives Company, Dow Consumer Solutions, Avery Dennison Corporation, American Chemical Inc., Bostik, Inc., Huntsman Corp., Beardow & Adams Ltd., Hexcel Corporation, Worthen Industries, Sealock Ltd., Sipol spa Società Italiana Polimeri, Wisdom Adhesives Worldwide, Tex Year Industries, Inc., Cattie Adhesives
Growth Drivers:
  • North America: Increasing product usage across various industries
  • Europe: Rising demand for adhesives with low VOC content
  • Asia Pacific: Positive outlook of adhesive industry
Pitfalls & Challenges:
  • Bond strength decline at high temperature

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Superior adhesion properties & high versatility to escalate EVA adhesive demand

Hot Melt Adhesives Market Share, By EVA, 2015 to 2026, (USD Million)
Hot Melt Adhesives Market Share, By EVA, 2015 to 2026, (USD Million)

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Based on product, the hot melt adhesives market is segmented into EVA, SBC, AMOP, Metallocene MPO, PU, Polyamide and Polyester. Replacement of traditional solvent based adhesives owing to increasing carbon footprint has enabled the use of HMA products in various industrial formulations. EVA resin is used as a primary raw material in hot melt production pertaining to its economic feasibility and high performance. EVA offers superior heat & UV resistance, low temperature flexibility and high toughness which is utilized in packaging, footwear and electronics applications. 
 

EVA hot melt adhesive market growth is attributed to the rising penetration of the product in a broad range of industries along with supportive government regulations towards the use of low VOC adhesives. EVA imparts plastic like properties which ensures wax to match strength effectively with polymeric coatings.  With extensive focus on research & development, manufacturers are utilizing latest technology hot melt dispensing systems to enhance production line efficiency and cost effectiveness.

 

Disposable applications to gain boost due to high quality hygiene solutions

Hot Melt Adhesives Market, By Disposables Application, 2018 & 2026, (USD Million)
  Hot Melt Adhesives Market, By Disposables Application, 2018 & 2026, (USD Million)

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Based on application, the hot melt adhesives market is segmented into packaging, disposables, PS products, bookbinding, furniture, footwear, automobile, textiles and electronics. Demand for superior performance hygiene adhesives is on rise owing to the growing need for adult incontinence products, baby diapers and feminine protection products globally. Hot melts offer high cohesive strength, hold up well against wetness, provide superior adhesion and allow highspeed production lines. Increasing product innovations in hygiene solutions to reduce waste, provide comfort & improve absorption has enabled the development of unique adhesives to manufacture disposable hygiene products.
 

Hot melt adhesives demand is attributed towards rising importance regarding disposable hygiene products and growing government initiatives to promote health & wellness among individuals. With increasing awareness for personal hygiene, consumers are looking for products with enhanced features such as better absorption and improved softness which has augmented the adoption of environment friendly disposable adhesives.

 

Automobile industry growth in Europe to drive HMA demand

Germany hot melt adhesives market from automotive applications shall register gains at over 4.5% by 2026. Growing advancements in automobile manufacturing has increased consumer preference towards adoption of smart cars. Replacement of metallic components with high performance adhesives results in improved fuel efficiency and lightweight automobile which has significantly surged the demand for hot melts from the industry. Government pressure to reduce solvent adhesives use in automotive manufacturing owing to stiffer environmental regulations has shifted manufacturer’s preference towards premium quality HMAs. 
 

HMA market growth in Europe is expanding owing to its high strength, low surface tension and effective adhesion. HMA’s used in automotive applications aids in reducing VOC emissions even under extreme heat conditions. Furthermore, awareness regarding emissions created by VOC is comparatively high in Europe as compared to other regions. The growth is also attributed towards shifting preferences from high VOC adhesives to advanced PO based hot melt adhesives with low VOC content.
 

Collaboration among Industry players to remain key growth strategy

In April 2018, Pidlite Industries, an Indian adhesive manufacturer plans to develop high-growth, specialized category of adhesive after forming a collaborative partnership with Jowat SE, a German family-owned enterprise and supplier of industrial adhesives. This collaboration will help the company develop a comprehensive range of thermoplastic hot-melt adhesive to meet the demands of several industrial segments including packaging and labels, as well as modular and wooden furniture segments, where technological changes are taking place with machines being run at high speeds to produce quality products.
 

In March 2017, H.B. Fuller introduced its new Indian R&D facility and completed its first phase of USD 20 million investment. Through the addition of its new business office in India, as well as its new state-of-the-art R&D center, the company will strengthen its high performance adhesives business which will help accelerate innovation in the region.
 

Several major players are involved in various strategic collaborations to enhance their market presence and gain a competitive edge in the industry. Global hot melt adhesives market share consists of players such as H.B. Fuller, Arkema Group, Sika AG, 3M, Dow Consumer Solutions and America Chemical Inc.
 

The hot melt adhesives market research report includes in-depth coverage of the industry, with estimates & forecast in terms of volume in Tons revenue in USD from 2014 to 2025, for the following segments:

HMA Market By Product

  • EVA
  • SBC
  • AMOP
  • Metallocene MPO
  • PU
  • Polyamide
  • Polyester
  • Others

Hot Melt Adhesives Market By Application

  • Packaging
  • Disposables
  • PS Products
  • Bookbinding
  • Furniture
  • Footwear
  • Automobiles
  • Textiles
  • Electronics
  • Others

The above information has been provided for the following regions and countries:

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

Frequently Asked Questions (FAQ) :

Hot melt adhesive is applied on a material in liquid state, which offers easy to clean application with minimum toxicity. It serves wide array of industries such as packaging owing to its high stability & strength and works as a suitable alternative to solvent-borne adhesives.
According to this GMI report, automobile industry will be the leading sector to drive European HMA demand.
A Global Market Insights, Inc. report estimates that packaging adhesives market size amounted at over USD 10.5 billion in 2018.

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