Increasing Applications in a Vast Range of Industries
Hot-melt adhesives are designed for high impact, toughened applications. Hot-melt adhesives are heat-resistant and can be used in heat-sensitive end-use applications, as well as for bonding appliance in housings and cabinets, thermal insulation panels in dishwashers, nameplates, touchpads, and vinyl gaskets. Hot-melt adhesives are used to laminate nearly all textile substrates. After cross-linking, the adhesives provide a high-quality bond, which is not only soft on the material but is also boil-resistant. These adhesives are being increasingly used in the production of automotive interior panels. An extensive variety of assembly bonds, such as retainer bonding, bonding of steel frames of sunroofs, window tracks, etc., are required. The adhesive systems are more frequently used for lamination applications in automotive. The applications of hot-melt adhesives are increasing rapidly in the packaging industry. Perfumes, pharmaceuticals, cosmetics, and beauty products are packaged in transparent or clear cases using hot-melt adhesives to get flawless end-products.
Transportation - The Fastest Growing End-user Industry
Hot-melt adhesives provide environmental resistance from corrosion, UV light, salt water, rain, and other weathering conditions. They create tough, impact-resistant bonds having a high shear strength and high abrasion resistance, and therefore, have a wide range of applications. The market for these adhesives is quite extensive and includes several applications in the transportation industry, such as in aircraft & aerospace, railways, vehicle assembly, marine, interior vehicle trim, exterior vehicle trim, automotive module sealing, and electronic circuit board protection. Hot-melt adhesives act as critical components in the automotive manufacturing industry because they are ideal for all bonds that require flexibility for moments like expansion and compression. Their automotive applications include package tray attachment, seating, instrument panels and controls, door sealant, and water shields. In the aerospace industry, they are used to make lightweight designs for aircraft. In railways, they are used in interior rail construction, floor bonding, light cover assembly, and exterior metal skin bonding.
United States to Lead the Market
The United States is competing toward a complete transformation of its diesel buses into zero-emission buses. As of 2016, the United States had over 300 individual zero-emission buses operating in transit fleets throughout the nation. Electrical buses are fast gaining importance, and their production is set to grow rapidly in the coming years. Shifting trend toward electric vehicles, due to rise in environmental regulations, is the major factor influencing the adhesives market. The construction market of the United States grew by 1.9% in the Q3 of 2017 over Q3 of 2016 owing to the rise in new single-family house constructions. Construction of the new residential houses in the United States climbed by over 13% in October, recording the biggest jump in a year. In the first 11 months of 2017, the residential house sales recorded a growth of 9.44% when compared to the same period in 2016. Mexico and Canada are the largest markets for the US technical textiles, accounting for 55% of the total trade. In the recent years, Mexico has become a car manufacturing hub, thereby, directly impacting the demand for industrial fabrics and thus increasing the demand for textile imports from the United States.
Notable Developments in the Market
November 2017: Bostik acquires XL Brands in flooring adhesives in the United States.
October 2017: H.B. Fuller’s finalized its acquisition of Royal Adhesives & Sealants for USD 1.575 billion. This acquisition is likely to deepen H.B. Fuller’s expertise in a range of sectors, such as medical, electronics, hygiene, transportation, construction, clean energy, and others.
Major players are Henkel AG, HB Fuller, Arkema, Sika AG, and 3M, amongst others.
Reasons to Purchase the Report
- To understand the impact of end-user applications on the market.
- Analyzing various perspectives of the market with the help of Porter’s Five Forces Analysis.
- To understand the dominating technology in the market.
- Identify the countries expected to witness the fastest growth during the forecast period.
- Identify the latest developments, market shares, and strategies employed by the major market players.
- 3-month analyst support along with the Market Estimate sheet (in Excel).
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1.1 Research Phases
1.2 Scope of the Market
1.3 Study Deliverables
2. Executive Summary
3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness - Porter's Five Forces Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Degree of Competition
4. Market Dynamics
4.1.1 Rising Demand From the Packaging and Healthcare Sectors
4.1.2 Rising Environmental Concerns Regarding Solvent-borne Adhesives
4.1.3 Increasing Applications in a Vast Range of Industries
4.2.1 Volatility in Availability and Price of Raw Material
4.3.1 Adoption of Bio-based Hot Melt Adhesives
4.3.2 Innovative Product Development to Gain Competitive Edge
5. Market Segmentation and Analysis
5.1 By Resin Type
5.1.1 Thermoplastic Polyurethane
5.1.2 Ethylene Vinyl Acetate
5.1.3 Styrenic-Butadiene copolymers
5.2 By End-user Industry
5.2.1 Building & Construction
5.2.2 Paper, Board & Packaging
5.2.3 Woodworking & Joinery
5.2.5 Footwear and Leather
6. Regional Market Analysis
6.1 United States
6.4 Rest of North America
7. Competitive Landscape
7.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
7.2 Market Share Analysis**
7.3 Strategies Adopted by Leading Players
8. Company Profiles (Overview, Financials**, Products & Services and Recent Developments)
8.1 3M Company
8.2 AdCo UK Limited
8.3 Adhesive Technologies Corp.
8.4 Alfa International Corporation
8.5 American Chemical Inc.
8.6 Arkema Group (Bostik SA)
8.7 Ashland Inc.
8.8 Avery Dennison Corp.
8.9 DELO Industrial Adhesives
8.12 Franklin International
8.13 H.B. Fuller Co.
8.14 Helmitin Adhesives
8.15 Henkel AG & Co. KGaA
8.16 Hexcel Corporation
8.18 Huntsman Corp.
8.19 ITW Performance Polymers (Illinois Tool Works Inc.)
8.20 Jowat AG
8.21 LORD Corp.
8.23 Mapei Spa
8.24 Master Bond
8.25 Paramelt B.V
8.26 Permabond Engineering Adhesives Ltd.
8.27 Pidilite Industries Ltd.
8.28 Sika AG
8.29 Super Glue Corp.
8.30 Wacker Chemie AG
8.31 Yokohama Industries
*List not Exhaustive
**Subject to Availability in Public Domain
- AdCo UK Limited
- Adhesive Technologies Corp.
- Alfa International Corporation
- American Chemical Inc.
- Arkema Group (Bostik SA)
- Ashland Inc.
- Avery Dennison Corp.
- DELO Industrial Adhesives
- Dow Chemical Co.
- Franklin International
- H.B. Fuller Co.
- Helmitin Adhesives
- Henkel AG & Co. KGaA
- Hexcel Corporation
- Huntsman Corp. ,ITW Performance Polymers (Illinois Tool Works Inc.)
- Jowat AG
- LORD Corp.
- Mapei Spa
- Master Bond
- Paramelt B.V
- Permabond Engineering Adhesives Ltd.
- Pidilite Industries Ltd.
- Sika AG
- Super Glue Corp.
- Wacker Chemie AG
- Yokohama Industries.