Hot glue adhesives are being increasingly used in the packaging industry to cater to several applications – sealing of cartons and boxes in particular. These adhesives do offer an efficient adhesion to various materials/surfaces like metal, ceramics, plastics, cardboard, papers, and fabric. DIY applications could be easily adhered to.
With bio-based hot melt adhesives being asked for, companies like Jowat are engaged in the production of adhesives from renewable materials. Plus, the USDA has certified their usage in North America. Persistence Market Research has walked through these facts with probable calls to action in its latest market study entitled “Hot Melt Adhesives Market”.
Hot Melt Adhesives Market Dispensation
The global hot melt adhesives market, by type of resin, spans EVA (Ethylene Vinyl Acetate), SBC (Styrenic Block Copolymers), MPO (Metallocene Polyolefin), APAO (Amorphous Polyalphaolefins), polyolefins, polyamides, PU (polyurethane), and likewise. By end-use, it’s packaging solutions, disposable hygiene products, furniture & woodwork automotive & transportation footwear, textiles, electronics, bookbinding, and likewise. Out of these, packaging solutions hold the largest market share. Product-wise, EVA holds the largest market share. It contributes to over 40% and the status quo is expected to remain unchanged in the upcoming period as well. Persistence Market Research has mentioned these findings with insights in its latest market study entitled “Hoot Melt Adhesives Market”.
Region-wise Database
North America and Europe are at the saturation stage of the hot melt adhesives market. Countries like Germany, the UK, Spain, and France lead the market in Europe. The Asia-Pacific is expected to grow at the fastest rate in the forecast period. This could be reasoned with growing usage in the end-use verticals like woodworking, electronics, and consumer packaging. Persistence Market Research has entailed these facts with probable calls to action in its latest market study entitled “Hot Melt Adhesives Market”.
Competitive Arena
Persistence Market Research has profiled the key players in the hot melt adhesives market as 3M, Arkema, Avery Dennison Corporation, Beardow & Adams (Adhesives) Ltd., DOW Inc., HB Fuller Company, Henkel AG & Co. KGaA, Jowat Se, Sika AG, Tex Year Industries Inc., Adhesive Direct UK, Aztek Malaysia SDN BHD, Buhnen GmbH & Co. KG, Cherng Tay Technology Co., Ltd., and Evonik Industries AG.
Persistence Market Research has also mentioned the latest developments herein. For instance – Bostik, in May 2021, did acquire Fixatti and Prochimir to vertically integrate resin formulation and an exclusive supply chain. Applied Adhesives, in November 2020, completed the acquisition of Premier Packaging Solutions to expand their base. Bodo Moller Chemie, in December 2020, entered into collaboration with Henkel Adhesives technologies for expanding the partnership for sales all over Europe. Pidilite Industries Ltd., in October 2020, acquired Huntsman Advanced Materials Solutions Pvt. Ltd. worth US$ 257 Mn for expanding product offerings for the business of DIY consumer adhesives.
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Persistence Market research has also listed the organic developments. For instance – Henkel, in May 2021, tabled its first bio-based PUR (polyurethane reactive) hot melt named “LOCTITE HHD 3544F. The purpose of this melt is to cater to the assembly of consumer electronics. REXtac, in June 2021, agreed upon setting up a hot melt glue joint venture with DL Chemical in Yeosu. The production is slated to start somewhere in the year 2023.
What next?
The global hot melt adhesives market is likely to grow on an explicable note in the forecast period – Persistence Market Research
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