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Hot Melt Adhesive Market - Global Outlook and Forecast 2021-2026

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  • 296 Pages
  • July 2021
  • Region: Global
  • Arizton
  • ID: 5360060
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In-depth Analysis and Data-driven Insights on the Impact of COVID-19 Included in this Global Hot Melt Adhesives Market Report

The hot melt adhesives market is expected to grow at a CAGR of over 5.57% during the forecast period 2020-2026.

Hot melt adhesives are witnessing high growth due to the rising demand in packaging, assembly, bookbinding, woodworking, and other applications industries. The high end-user variability of the industry makes the hot melt adhesives market one of the high-growth industries with high opportunities for vendors with different product categories. APAC is one of the major contributors to the rapid growth of the adhesive market due rise in end-user industries that prefer hot melt adhesives due to their longer shelf life. The manufacturing sector is estimated to grow by around 10% over the next 5 years, which is expected to boost the demand for hot melt adhesives across the globe.

The following factors are likely to contribute to the growth of the hot melt adhesives market during the forecast period:
  • Increased Usage of Hot Melt Adhesive in DIY Activities
  • Rise in Use of Holt Melt Adhesives in Automobile
  • Development of Bio-Based Hot Melt Adhesives
  • High Acceptance of Hot Melt Adhesives in Construction Industry

The report considers the present scenario of the hot melt adhesives market and its market dynamics for the period 2021-2026. It covers a detailed overview of several market growth enablers, restraints, and trends. The study covers both the demand and supply sides of the market. It also profiles and analyzes leading companies and several other prominent companies operating in the market.


The global hot melt adhesives market research report includes a detailed segmentation by raw material, product form, applications, end-user, distribution, geography. The ongoing trend of eco-friendly products is likely to create more opportunities for bio-based hot-melt adhesives in the upcoming years. Players are continuously focusing on introducing environment-friendly products in the global hot melt adhesives market. EVA hot melt adhesives are flexible and compatible with various other polymers and additives which makes the procedure easy. It is one of the raw materials used in hot melt adhesive that have application in the high-performance packaging industry.

Hot melt adhesives also come in pellet form are made up of chemical compounds that help in quick adhesion on permeable and impermeable surfaces. These hot melt adhesives in pellets is available in form of slugs, sachets, firm, powder, and tablets. It is most suitable for application in the manufacturing process where rapid melting is required. The pellets segment is expected to grow at a CAGR of 5.66% between 2020 and 2026.

The demand for consumer flexible packaging is high in the food and beverage, healthcare, and pet food segments. The demand for industrial packaging is expected to increase in the pharmaceutical industry due to the robust demand for drugs and PPE manufacturing. The industrial flexible packaging market is expected to witness high growth in the APAC region. There is high market demand in countries such as Singapore, Hong Kong, and New Zealand due to cost-effective labor, growing infrastructure, and established logistics.

The industrial end-user of the hot melt adhesives market is expected to witness incremental revenues of USD 3,421.55 million and absolute growth of 39% between 2020 to 2026. The automotive, aerospace, and electronics, are the early adopters of new adhesive technologies as they explore more robust weight-reducing materials. The packaging market in North America is at a mature stage and provides constant demand for hot melt adhesives. The hot melt adhesives are used in the construction market during the repair and installation of floors, tiles, and ceilings. Residential use of hot melt adhesive includes the individual purchase of adhesives which is used for residential purposes such as DIY and other home improvement activities.

The adhesive industry is an offline intensive market that accounts for a significant share of purchasing time and product price. Offline distribution of adhesives is majorly done through wholesalers, distributors, and direct selling.

Segmentation by Raw Materials
  • Ethylene-Vinyl Acetate
  • Styrenic Block Copolymers
  • Polyurethane
  • Polyamide
  • Amorphous Ploy-Alpha Olefin
  • Metallocene Polyolefin
  • Others

Segmentation by Product Form
  • Pellets
  • Pillows
  • Sticks

Segmentation by Application
  • Paper & Packaging
  • Assembly
  • Woodworking
  • Nonwoven & Disposable
  • Footwear
  • Book Binding
  • Others

Segmented by End-User
  • Residential
  • Industrial
  • Packaging
  • Construction
  • Automotive
  • Furniture
  • Electric & Electronics
  • Healthcare
  • Others

Segmentation by Distribution Channel
  • Online
  • Offline


In North America, the demand for adhesives is majorly driven by the packaging industry and is likely to enable the hot melt adhesives market growth during the forecast period. The US is the highest revenue generator in the region during the forecast period. North America has the highest number of airports, which are currently undergoing infrastructure expansion and modernization, worth more than USD 120 billion. The opportunity in this area alone is expected to provide a major boost to the market.

Segmentation by Geography
  • North America
  • US
  • Canada
  • APAC
  • China
  • Japan
  • South Korea
  • Australia
  • India
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Latin America
  • Brazil
  • Mexico
  • Argentina
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • South Africa


The global hot melt adhesives market is highly competitive with global, regional, and local players. Global hot melt adhesive companies have come up with new strategies such as the introduction of new products, marketing, and promotional activities, investing in joint ventures, and following dual-brand strategies in some regions to capture higher shares.

Prominent Vendors:
  • 3M
  • Arkema
  • H.B. Fuller
  • Henkel
  • Sika

Other Prominent Vendors
  • AdTech
  • Astra Chemtech
  • Beardow Adams
  • Bond Tech Industries
  • Caswell Adhesives
  • Dow
  • Franklin International
  • Grupodesa
  • IFS Industries
  • Infinity Bond
  • Jowat
  • Kleiberit adhesives
  • Master Bond
  • Meridian Adhesive Group
  • Nan Pao
  • Power Adhesives
  • Sun Pack
  • Surebonder
  • Technical Adhesives
  • Tex Year Industries


1. How much is the hot melt adhesives market worth?
2. Which region holds the largest share in the hot melt adhesives market?
3. Which segment is estimated to hold the largest share in the global hot melt adhesives market?
4. Which factors are expected to drive the adoption of these hot melt adhesive products?
5. Who are the top players in the global hot melt adhesives market?
Frequently Asked Questions about the Hot Melt Adhesive Market

What is the estimated value of the Hot Melt Adhesive Market?

The Hot Melt Adhesive Market was estimated to be valued at $10.32 Billion in 2020.

What is the growth rate of the Hot Melt Adhesive Market?

The growth rate of the Hot Melt Adhesive Market is 5.5%, with an estimated value of $14.29 Billion by 2026.

What is the forecasted size of the Hot Melt Adhesive Market?

The Hot Melt Adhesive Market is estimated to be worth $14.29 Billion by 2026.

Who are the key companies in the Hot Melt Adhesive Market?

Key companies in the Hot Melt Adhesive Market include Arkema, H.B. Fuller, Henkel, Sika, AdTech, Astra Chemtech, Beardow Adams, Bond Tech Industries, Caswell Adhesives and Dow.

Table of Contents

1 Research Methodology2 Research Objectives3 Research Process
4 Scope & Coverage
4.1 Market Definition
4.2 Base Year
4.3 Scope of the Study
5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation
6 Market at a Glance
7 Introduction
7.1 Overview
7.2 Glue Guns
7.3 Impact of COVID-19
8 Market Opportunities & Trends
8.1 Booming Packaging and Nonwoven Applications
8.2 Development of Bio-Based Hot Melt Adhesives
8.3 Increased Demand for Polyurethane-Based Hot Melt Adhesives
9 Market Growth Enablers
9.1 Increased Use of Hot Melt Adhesives in DIY Activities
9.2 Use of Hot Melt Adhesives in Automobile Industry
9.3 Rise in Demand from Construction Industry
10 Market Restraints
10.1 End-User Variability
10.2 Issues Faced in Application of Hot Melt Adhesives
11 Market Landscape
11.1 Market Overview
11.2 Five Forces Analysis
12 Raw Material
12.1 Market Snapshot & Growth Engine
12.2 Market Overview
12.3 Ethylene-Vinyl Acetate (EVA)
12.4 Styrenic Block Copolymers
12.5 Metallocene Polyolefin (mPO)
12.6 Polyamide
12.7 Amorphous Poly-Alpha-Olefin
12.8 Polyurethane (PU) (Including Reactive HMA)
12.9 Others
13 Product Form
13.1 Market Snapshot & Growth Engine
13.2 Market Overview
13.3 Pellets
13.4 Pillows
13.5 Sticks
14 Application
14.1 Market Snapshot & Growth Engine
14.2 Market Overview
14.3 Paper & Packaging
14.4 Assembly
14.5 Woodworking
14.6 Non Woven & Disposable
14.7 Footwear
14.8 Bookbinding
14.9 Others
15 End-User
15.1 Market Snapshot & Growth Engine
15.2 Market Overview
16 Residential
16.1 Market Size & Forecast
17 Industrial
17.1 Market Size & Forecast
17.2 Packaging
17.3 Construction
17.4 Automotive
17.5 Furniture
17.6 Electrical & Electronics
17.7 Healthcare
17.8 Others
18 Distribution Channel
18.1 Market Snapshot & Growth Engine
18.2 Market Overview
18.3 Offline
18.4 Online
19 Geography
19.1 Market Snapshot & Growth Engine
19.2 Geographic Overview
20 North America
20.1 Market Overview
20.2 Market Size & Forecast
20.3 Raw Material
20.4 Product Form
20.5 Application
20.6 End-User
20.7 Industrial End-User
20.8 Distribution Channel
20.9 Key Countries
21.1 Market Overview
21.2 Market Size & Forecast
21.3 Raw Material
21.4 Product Form
21.5 Application
21.6 End-User
21.7 Industrial End-User
21.8 Distribution Channel
21.9 Key Countries
22 Europe
22.1 Market Overview
22.2 Market Size & Forecast
22.3 Raw Material
22.4 Product Form
22.5 Application
22.6 End-User
22.7 Industrial End-User
22.8 Distribution Channel
22.9 Key Countries
23 Latin America
23.1 Market Overview
23.2 Market Size & Forecast
23.3 Raw Material
23.4 Product Form
23.5 Application
23.6 End-User
23.7 Industrial End-User
23.8 Distribution Channel
23.9 Key Countries
24 Middle East & Africa
24.1 Market Overview
24.2 Market Size & Forecast
24.3 Raw Material
24.4 Product Form
24.5 Application
24.6 End-User
24.7 Industrial End-User
24.8 Distribution Channel
24.9 Key Countries
25 Competitive Landscape
25.1 Competition Overview
26 Key Company Profiles
26.1 3M
26.2 Arkema
26.3 H.B. Fuller
26.4 Henkel
26.5 Sika
27 Other Prominent Vendors
27.1 Adtech
27.2 Astra Chemtech
27.3 Beardow Adams
27.4 Bond Tech Industries
27.5 Caswell Adhesives
27.6 DOW
27.7 Franklin International
27.8 Grupo Desa
27.9 IFS Industries
27.10 Infinity Bond
27.11 Jowat
27.12 Kleiberit Adhesives
27.13 Master Bond
27.14 Meridian Adhesive Group
27.15 Nan Pao
27.16 Power Adhesives
27.17 Sun Pack
27.18 Surebonder
27.19 Technical Adhesives
27.20 Tex Year Industries
28 Report Summary
28.1 Key Takeaways
28.2 Strategic Recommendations
29 Quantitative Summary
29.1 Market by Geography
29.2 North America
29.3 APAC
29.4 Europe
29.5 Latin America
29.6 Middle East & Africa
29.7 Raw Material
29.8 Product Form
29.9 Application
29.10 End-User
29.11 Distribution Channel
30 Appendix
30.1 Abbreviations

Companies Mentioned

  • Arkema
  • H.B. Fuller
  • Henkel
  • Sika
  • AdTech
  • Astra Chemtech
  • Beardow Adams
  • Bond Tech Industries
  • Caswell Adhesives
  • Dow
  • Franklin International
  • Grupodesa
  • IFS Industries
  • Infinity Bond
  • Jowat
  • Kleiberit adhesives
  • Master Bond
  • Meridian Adhesive Group
  • Nan Pao
  • Power Adhesives
  • Sun Pack
  • Surebonder
  • Technical Adhesives
  • Tex Year Industries


Our research comprises a mix of primary and secondary research. The secondary research sources that are typically referred to include, but are not limited to, company websites, annual reports, financial reports, company pipeline charts, broker reports, investor presentations and SEC filings, journals and conferences, internal proprietary databases, news articles, press releases, and webcasts specific to the companies operating in any given market.

Primary research involves email interactions with the industry participants across major geographies. The participants who typically take part in such a process include, but are not limited to, CEOs, VPs, business development managers, market intelligence managers, and national sales managers. We primarily rely on internal research work and internal databases that we have populated over the years. We cross-verify our secondary research findings with the primary respondents participating in the study.