Hot Melt Adhesives Market Analysis

Hot Melt Adhesives Market Analysis

Hot melt adhesives market share from the EVA segment is anticipated to register over 8% CAGR through 2032. EVA (ethyl vinyl acetate) hot melt adhesives have a wide-ranging application in the woodworking, paper, and automobile sectors. The product exhibit features like dependability, versatility & durability, and intact adhesion. EVA adhesives are specially developed to adhere to aqueous coating, paper stock, paper, and waxes. This makes its use vital in the packaging sector for carton sealing, labeling, plastic films & card stock boxes. A shift in consumer preferences for well-packed products may stimulate product demand. 
 

Hot melt adhesives market share from the packaging application is estimated to surpass USD 7.5 billion by 2032. These adhesives are extensively used in a wide range of packaging applications such as corrugated case sealings, paper board cartons, plastic bottles, glass, and cans. Rubber-based adhesives are mainly used in the food and beverage sector for packaging and labeling solutions due to its good adhesion & high intact through processing.
 

North America hot melt adhesives market size is expected to register over 8% CAGR between forecast period of 2023-2032. The electronics, healthcare, and automotive sectors across the region have observed robust growth in recent years. Hot melt adhesives are used by these industries for their high heat resistance, which increases their suitability for high-temperature applications such as insulation panels, vinyl gaskets, touchpads, and nameplates.
 

Rise in online shopping trends has led to an increase in shipping label, tapes and canton sealing requirements thereby stimulating regional market growth. Supportive FDA regulations related to food contact materials will drive increase use of hot melt adhesives in food labelling and packaging solutions. Furthermore, rising purchase of packed food products across countries like the U.S will drive regional market statistics.