The reactive hot melt adhesives market size has grown strongly in recent years. It will grow from $1.26 billion in 2023 to $1.38 billion in 2024 at a compound annual growth rate (CAGR) of 9.3%. TThe historical growth in the specified period can be attributed to several factors, including the growth of end-use industries, a shift towards sustainable adhesives, emphasis on product performance and efficiency, adherence to stringent quality standards, and the adoption of cost-effective solutions.
The reactive hot melt adhesives market size is expected to see strong growth in the next few years. It will grow to $1.95 billion in 2028 at a compound annual growth rate (CAGR) of 9.1%. The anticipated growth in the forecast period can be attributed to several factors, including the increasing demand in electronics assembly, expansion in automotive manufacturing, advancements in the packaging industry, ongoing construction and infrastructure development, and the growing popularity of these materials in medical applications. These factors collectively contribute to the expansion of various industries.
The reactive hot melt adhesives market is poised for growth, driven by various factors. The increasing demand in the packaging industry is expected to be a significant catalyst for the market's expansion. Packaging plays a crucial role in product distribution, identification, storage, promotion, and usage. To meet the dynamic needs of the packaging industry, the hot-melt adhesives sector is tasked with providing strong and durable solutions. Projections by Smithers indicate that the global packaging sector's demand is set to reach $1.05 trillion by 2024. Additionally, data from the Indian Institute of Packaging (IIP) highlights a 200% increase in packaging consumption in India over the past decade, underscoring the industry's growth. This surge in demand from the packaging sector is a key driver for the reactive hot melt adhesives market.
The rise in residential construction projects is anticipated to contribute to the growing demand for reactive hot melt adhesives. Residential construction involves the planning, design, and construction of housing units, and the use of these adhesives in the construction industry enhances structural integrity and accelerates construction processes. According to Oxford Economics, global construction output was valued at US$10.7 trillion in 2020 and is expected to experience a 42% growth, reaching US$15.2 trillion by 2030, driven by a surge in residential construction projects. The growth projections indicate a 32% increase in North America, adding US$580 billion by 2030, and a 23% growth in Western Europe, pushing construction output to US$2.5 trillion in 2030. As a result, the rise in residential construction projects is a significant factor fueling the demand for reactive hot melt adhesives.
Technological advancements are a prominent trend gaining traction in the reactive hot melt adhesives market. Leading companies in this sector are strategically focusing on innovation to maintain their market position. An illustrative example is Henkel AG & Co., a German-based company in the chemical and consumer goods industries, which introduced Technomelt Supra ECO in February 2021. This new hot melt adhesive range incorporates advanced technology that enhances sustainability and reduces CO2 emissions while preserving the performance characteristics of the previous Technomelt Supra range. The Technomelt Supra ECO materials offer the same adhesion, set and open time, and heat resistance capabilities, providing a sustainable and low-carbon option for consumer goods and packaging.
Major companies in the reactive hot melt adhesives market are actively engaging in product launches, specifically tailored for woodworking applications, such as edge banding. Bostik, a France-based company specializing in adhesives and sealants, introduced SG6518 and SG6520 in May 2022, representing the Next Generation of Adhesive Solutions for Woodworking. These formulations, designed as HMPUR adhesive solutions, exhibit superior bonding strength, water resistance, anti-mold properties, and high green strength. These features contribute significantly to enhancing durability and quality in various woodworking applications within the reactive hot melt adhesives market.
In February 2022, Arkema, a France-based specialty chemicals and advanced materials company, acquired Shanghai Zhiguan Polymer Materials (PMP) for an undisclosed amount. This acquisition is aimed at strengthening Arkema's position in the engineering adhesives market and accelerating its development in the rapidly growing electronics market in Asia. Shanghai Zhiguan Polymer Materials (PMP) is a China-based company specializing in hot-melt adhesives for the consumer electronics market.
Major companies operating in the reactive hot melt adhesives market report are DOW Corning, 3M Company, Henkel AG & Co. KGaA, Illinois Tool Works Inc., Royal DSM N.V., Freudenberg & Co. KG, Arkema SA, Eastman Chemical Company, Sika AG, Avery Dennison, Huntsman Corporation, Konishi Co., Ltd., RPM International Inc., H.B. Fuller Company, Synthomer PLC, Ashland Global Holdings Inc., tesa SE, Kraton Polymers LLC, Nan Pao Resins Chemical Co. Ltd., Tianyang, Beardow & Adams, Bostik Inc., Kleiberit, DL Chemical Co., Ltd., Tex Year Industries, Jowat SE, Novamelt GmbH Klebstofftechnologie, Renhe, Zhejiang Good, Momenti Group S.p.A.
Asia-Pacific was the largest region in the reactive hot melt adhesives market share in 2023. The regions covered in the reactive hot melt adhesives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the reactive hot melt adhesives market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Reactive hot melt adhesives are classified into high temperature and low temperature. High-temperature adhesives are defined as those with a temperature of 38 degrees Celsius or higher, used in the melt or reflow of thermoplastics. Substrates involved in reactive hot melt adhesives applications include plastic, wood, and others. Resin types in this category include polyurethane and polyolefin, utilized in automotive and transportation, doors and windows, upholstery, lamination, textile, and assembly applications.
The reactive hot melt adhesives market research report is one of a series of new reports that provides reactive hot melt adhesives market statistics, including reactive hot melt adhesives industry global market size, regional shares, competitors with reactive hot melt adhesives market share, detailed reactive hot melt adhesives market segments, market trends, and opportunities, and any further data you may need to thrive in the reactive hot melt adhesives industry. This reactive hot melt adhesives market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The reactive hot-melt adhesives market consist of sales of ethylene-vinyl acetate (EVA) and polyolefin, or metallocene reactive hot-melt adhesives. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The reactive hot melt adhesives market size is expected to see strong growth in the next few years. It will grow to $1.95 billion in 2028 at a compound annual growth rate (CAGR) of 9.1%. The anticipated growth in the forecast period can be attributed to several factors, including the increasing demand in electronics assembly, expansion in automotive manufacturing, advancements in the packaging industry, ongoing construction and infrastructure development, and the growing popularity of these materials in medical applications. These factors collectively contribute to the expansion of various industries.
The reactive hot melt adhesives market is poised for growth, driven by various factors. The increasing demand in the packaging industry is expected to be a significant catalyst for the market's expansion. Packaging plays a crucial role in product distribution, identification, storage, promotion, and usage. To meet the dynamic needs of the packaging industry, the hot-melt adhesives sector is tasked with providing strong and durable solutions. Projections by Smithers indicate that the global packaging sector's demand is set to reach $1.05 trillion by 2024. Additionally, data from the Indian Institute of Packaging (IIP) highlights a 200% increase in packaging consumption in India over the past decade, underscoring the industry's growth. This surge in demand from the packaging sector is a key driver for the reactive hot melt adhesives market.
The rise in residential construction projects is anticipated to contribute to the growing demand for reactive hot melt adhesives. Residential construction involves the planning, design, and construction of housing units, and the use of these adhesives in the construction industry enhances structural integrity and accelerates construction processes. According to Oxford Economics, global construction output was valued at US$10.7 trillion in 2020 and is expected to experience a 42% growth, reaching US$15.2 trillion by 2030, driven by a surge in residential construction projects. The growth projections indicate a 32% increase in North America, adding US$580 billion by 2030, and a 23% growth in Western Europe, pushing construction output to US$2.5 trillion in 2030. As a result, the rise in residential construction projects is a significant factor fueling the demand for reactive hot melt adhesives.
Technological advancements are a prominent trend gaining traction in the reactive hot melt adhesives market. Leading companies in this sector are strategically focusing on innovation to maintain their market position. An illustrative example is Henkel AG & Co., a German-based company in the chemical and consumer goods industries, which introduced Technomelt Supra ECO in February 2021. This new hot melt adhesive range incorporates advanced technology that enhances sustainability and reduces CO2 emissions while preserving the performance characteristics of the previous Technomelt Supra range. The Technomelt Supra ECO materials offer the same adhesion, set and open time, and heat resistance capabilities, providing a sustainable and low-carbon option for consumer goods and packaging.
Major companies in the reactive hot melt adhesives market are actively engaging in product launches, specifically tailored for woodworking applications, such as edge banding. Bostik, a France-based company specializing in adhesives and sealants, introduced SG6518 and SG6520 in May 2022, representing the Next Generation of Adhesive Solutions for Woodworking. These formulations, designed as HMPUR adhesive solutions, exhibit superior bonding strength, water resistance, anti-mold properties, and high green strength. These features contribute significantly to enhancing durability and quality in various woodworking applications within the reactive hot melt adhesives market.
In February 2022, Arkema, a France-based specialty chemicals and advanced materials company, acquired Shanghai Zhiguan Polymer Materials (PMP) for an undisclosed amount. This acquisition is aimed at strengthening Arkema's position in the engineering adhesives market and accelerating its development in the rapidly growing electronics market in Asia. Shanghai Zhiguan Polymer Materials (PMP) is a China-based company specializing in hot-melt adhesives for the consumer electronics market.
Major companies operating in the reactive hot melt adhesives market report are DOW Corning, 3M Company, Henkel AG & Co. KGaA, Illinois Tool Works Inc., Royal DSM N.V., Freudenberg & Co. KG, Arkema SA, Eastman Chemical Company, Sika AG, Avery Dennison, Huntsman Corporation, Konishi Co., Ltd., RPM International Inc., H.B. Fuller Company, Synthomer PLC, Ashland Global Holdings Inc., tesa SE, Kraton Polymers LLC, Nan Pao Resins Chemical Co. Ltd., Tianyang, Beardow & Adams, Bostik Inc., Kleiberit, DL Chemical Co., Ltd., Tex Year Industries, Jowat SE, Novamelt GmbH Klebstofftechnologie, Renhe, Zhejiang Good, Momenti Group S.p.A.
Asia-Pacific was the largest region in the reactive hot melt adhesives market share in 2023. The regions covered in the reactive hot melt adhesives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the reactive hot melt adhesives market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Reactive hot melt adhesives are classified into high temperature and low temperature. High-temperature adhesives are defined as those with a temperature of 38 degrees Celsius or higher, used in the melt or reflow of thermoplastics. Substrates involved in reactive hot melt adhesives applications include plastic, wood, and others. Resin types in this category include polyurethane and polyolefin, utilized in automotive and transportation, doors and windows, upholstery, lamination, textile, and assembly applications.
The reactive hot melt adhesives market research report is one of a series of new reports that provides reactive hot melt adhesives market statistics, including reactive hot melt adhesives industry global market size, regional shares, competitors with reactive hot melt adhesives market share, detailed reactive hot melt adhesives market segments, market trends, and opportunities, and any further data you may need to thrive in the reactive hot melt adhesives industry. This reactive hot melt adhesives market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The reactive hot-melt adhesives market consist of sales of ethylene-vinyl acetate (EVA) and polyolefin, or metallocene reactive hot-melt adhesives. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Reactive Hot Melt Adhesives Market Characteristics3. Reactive Hot Melt Adhesives Market Trends and Strategies32. Global Reactive Hot Melt Adhesives Market Competitive Benchmarking33. Global Reactive Hot Melt Adhesives Market Competitive Dashboard34. Key Mergers and Acquisitions in the Reactive Hot Melt Adhesives Market
4. Reactive Hot Melt Adhesives Market - Macro Economic Scenario
5. Global Reactive Hot Melt Adhesives Market Size and Growth
6. Reactive Hot Melt Adhesives Market Segmentation
7. Reactive Hot Melt Adhesives Market Regional and Country Analysis
8. Asia-Pacific Reactive Hot Melt Adhesives Market
9. China Reactive Hot Melt Adhesives Market
10. India Reactive Hot Melt Adhesives Market
11. Japan Reactive Hot Melt Adhesives Market
12. Australia Reactive Hot Melt Adhesives Market
13. Indonesia Reactive Hot Melt Adhesives Market
14. South Korea Reactive Hot Melt Adhesives Market
15. Western Europe Reactive Hot Melt Adhesives Market
16. UK Reactive Hot Melt Adhesives Market
17. Germany Reactive Hot Melt Adhesives Market
18. France Reactive Hot Melt Adhesives Market
19. Italy Reactive Hot Melt Adhesives Market
20. Spain Reactive Hot Melt Adhesives Market
21. Eastern Europe Reactive Hot Melt Adhesives Market
22. Russia Reactive Hot Melt Adhesives Market
23. North America Reactive Hot Melt Adhesives Market
24. USA Reactive Hot Melt Adhesives Market
25. Canada Reactive Hot Melt Adhesives Market
26. South America Reactive Hot Melt Adhesives Market
27. Brazil Reactive Hot Melt Adhesives Market
28. Middle East Reactive Hot Melt Adhesives Market
29. Africa Reactive Hot Melt Adhesives Market
30. Reactive Hot Melt Adhesives Market Competitive Landscape and Company Profiles
31. Reactive Hot Melt Adhesives Market Other Major and Innovative Companies
35. Reactive Hot Melt Adhesives Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Reactive Hot Melt Adhesives Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on reactive hot melt adhesives market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
- Assess the Russia-Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis.
- Report will be updated with the latest data and delivered to you with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Where is the largest and fastest growing market for reactive hot melt adhesives? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Report Scope
Markets Covered:1) By Type: High Temperature; Low Temperature
2) By Substrate: Plastic; Wood; Other Substrates
3) By Resin Type: Polyurethane; Polyolefin
4) By Application: Automotive and Transportation; Doors and Windows; Upholstery; Lamination; Textile; Assembly
Key Companies Mentioned: DOW Corning; 3M Company; Henkel AG & Co. KGaA; Illinois Tool Works Inc.; Royal DSM N.V.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes
Delivery Format: PDF, Word and Excel Data Dashboard
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- DOW Corning
- 3M Company
- Henkel AG & Co. KGaA
- Illinois Tool Works Inc.
- Royal DSM N.V.
- Freudenberg & Co. KG
- Arkema SA
- Eastman Chemical Company
- Sika AG
- Avery Dennison
- Huntsman Corporation
- Konishi Co., Ltd.
- RPM International Inc.
- H.B. Fuller Company
- Synthomer Plc
- Ashland Global Holdings Inc.
- tesa SE
- Kraton Polymers LLC
- Nan Pao Resins Chemical Co. Ltd.
- Tianyang
- Beardow & Adams
- Bostik Inc.
- Kleiberit
- DL Chemical Co., Ltd.
- Tex Year Industries
- Jowat SE
- Novamelt GmbH Klebstofftechnologie
- Renhe
- Zhejiang Good
- Momenti Group S.p.A.
Methodology
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