Hot Melt Adhesives Market Forecast to 2028 - COVID-19 Impact and Global Analysis by Type, Product Type, Application

The “Global Hot Melt Adhesives Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Type (Ethylene Vinyl Acetate, Polyolefins, Polyamides, Polyurethanes, Styrene Block Copolymers, and Others); Product Type (Glue Sticks, Glue Slugs, and Others); and Application (Packaging, Construction, Automotive, Furniture, Footwear, Electronics, and Others). The scope of study involves understanding the factors responsible for the growth of the hot melt adhesives market along with estimates and forecast of the revenue and analysis of market share, and it also highlights the significant market players and their key developments.

The global hot melt adhesives market was valued at US$ 7473.37 million in 2020 and is projected to reach US$ 10982.38 million by 2028; it is expected to grow at a CAGR of 5.1% during 2020-2028.

Hot melt adhesives are also known as hot glue, and these are 100% formulation of thermoplastic adhesives. Hot glue sticks are available with different diameters and design. The growing application from several end use industries is the major driver for the growth of hot melt adhesives market. Hot melt adhesives offer superior properties such as versatility, resistance to water & moisture, and low cost make these adhesives an ideal choice for many applications. Many industries are adopting the hot melt adhesives over solvent-based adhesives.

Based on product type, the hot melt adhesives market is segmented into glue sticks, glue slugs, and others product type. The glue sticks segment accounted for the largest market share in 2020 and is expected to register the highest CAGR in the market during the forecast period. Hot melt glue sticks are cylindrical sticks with varied diameters, and they are used with a hot glue gun. These sticks are in solid form at room temperature. These products are designed in both high and low temperature glue guns variants. A few hot melt stick adhesives have been created to deliver longer open time so that they can be sprayed on wider areas for bonding. Hot melt glue stick adhesives generate minimal waste and have relatively small environmental impact, which makes them suitable for a wide range of applications in food packaging, carton-sealing, printing, publishing, textile manufacturing, electronics, woodworking, and building and construction industries.

Geographically, the global hot melt adhesives market is segmented into five regions-North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SAM). Asia Pacific held the largest market share in 2020, followed by North America and Europe. Asia Pacific is further expected to register the highest CAGR during the forecast period. Asia Pacific has the presence of major market players such as H.B. Fuller Company, Henkel AG & Co. KGaA, Arkema, and many others.

The report includes the segmentation of the market as follows:

By Product Type

Glue Sticks
Glue Slugs

- Others Product Type

By Type

Ethylene Vinyl Acetate
Polyolefins
Polyamides
Polyurethanes
Styrene Block Copolymers
Others

By Distribution Channel

Packaging
Construction
Automotive
Furniture
Footwear
Electronics
Others

By Geography

North America
US
Canada
Mexico
Europe
Germany
France
Italy
UK
Russia
Rest of Europe
Asia Pacific (APAC)
Australia
China
India
Japan
South Korea
Rest of APAC
Middle East & Africa (MEA)
South Africa
Saudi Arabia
UAE
Rest of MEA
South America
Brazil
Argentina
Rest of South America

Reasons to Buy

Highlights key business priorities in order to assist companies to realign their business strategies.
The key findings and recommendations highlight crucial progressive industry trends in the global hot melt adhesives market, thereby allowing players to develop effective long-term strategies.
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.
Enhance the decision-making process by understanding the strategies that underpin commercial interest `with respect to products, segmentation and industry verticals.

Frequently Asked Questions about the Global Hot Melt Adhesives Market

What is the estimated value of the Global Hot Melt Adhesives Market?

The Global Hot Melt Adhesives Market was estimated to be valued at $7473.37 Million in 2020.

What is the growth rate of the Global Hot Melt Adhesives Market?

The growth rate of the Global Hot Melt Adhesives Market is 5.1%, with an estimated value of $10982.38 Million by 2028.

What is the forecasted size of the Global Hot Melt Adhesives Market?

The Global Hot Melt Adhesives Market is estimated to be worth $10982.38 Million by 2028.

Who are the key companies in the Global Hot Melt Adhesives Market?

Key companies in the Global Hot Melt Adhesives Market include H.B. Fuller Company, Henkel AG & Company, KGAA, Arkema, 3M, Sika AG, Jowat SE, Hexcel corporation, Dow, Beardow Adams and Adtech.

Report Attribute	Details
No. of Pages	179
Published	June 2021
Forecast Period	2020 - 2028
Estimated Market Value ( USD ) in 2020	$ 7473.37 Million
Forecasted Market Value ( USD ) by 2028	$ 10982.38 Million
Compound Annual Growth Rate	5.1%
Regions Covered	Global

1. Introduction

1.1 Scope of the Study
1.2 The Publisher's Research Report Guidance
1.3 Market Segmentation
1.3.1 Hot Melt Adhesives Market, by Type
1.3.2 Hot Melt Adhesives Market, by Product type
1.3.3 Hot Melt Adhesives Market, by Application
1.3.4 Hot Melt Adhesives Market, by Geography

2. Key Takeaways

3. Research Methodology

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. Hot Melt Adhesives Market Landscape

4.1 Market Overview
4.2 PEST Analysis
4.2.1 PEST Analysis: North American Hot Melt Adhesives Market
4.2.2 PEST Analysis: Europe Hot Melt Adhesives Market
4.2.3 PEST Analysis: APAC Hot Melt Adhesives Market
4.2.4 PEST Analysis: MEA Hot Melt Adhesives Market
4.2.5 PEST Analysis: SAM Hot Melt Adhesives Market
4.3 Expert Opinions

5. Hot Melt Adhesives Market - Key Industry Dynamics

5.1 Market Drivers
5.1.1 Growing Application in Several End-Use Industries
5.1.2 Changing Trend from Solvent Adhesive to Hot Melt Adhesive
5.2 Market Restraints
5.2.1 Low Thermal Resistance
5.3 Market Opportunities
5.3.1 Rising Utilization of Hot Melt Adhesives in Road Marking
5.4 Future Trends
5.4.1 Adoption of Bio-Based Hot-Melt Adhesives
5.5 Impact Analysis

6. Hot Melt Adhesives- Global Market Analysis

6.1 Global Hot Melt Adhesives Market Overview
6.2 Global Hot Melt Adhesives Market Forecast and Analysis
6.3 Market Positioning - Global Market Players Ranking

7. Hot Melt Adhesives Market Analysis - By Type

7.1 Overview
7.2 Holt Melt Adhesives Market, By Type (2020 and 2028)
7.3 Ethylene Vinyl Acetate
7.3.1 Overview
7.3.2 Ethylene Vinyl Acetate: Hot Melt Adhesives Market - Revenue and Forecast to 2028 (US$ Mn)
7.4 Polyolefins
7.4.1 Overview
7.4.2 Polyolefins: Hot Melt Adhesives Market - Revenue and Forecast to 2028 (US$ Mn)
7.5 Polyamides
7.5.1 Overview
7.5.2 Polyamides: Hot Melt Adhesives Market - Revenue and Forecast to 2028 (US$ Mn)
7.6 Polyurethanes
7.6.1 Overview
7.6.2 Polyurethane: Hot Melt Adhesives Market - Revenue and Forecast to 2028 (US$ Mn)
7.7 Styrene Block Copolymers
7.7.1 Overview
7.7.2 Styrene Block Copolymers: Hot Melt Adhesives Market - Revenue and Forecast to 2028 (US$ Mn)
7.8 Others
7.8.1 Overview
7.8.2 Others: Hot Melt Adhesives Market - Revenue and Forecast to 2028 (US$ Mn)

8. Hot Melt Adhesives Market Analysis - By Product Type

8.1 Overview
8.2 Hot Melt Adhesives Market, By Product Type (2020 and 2028)
8.3 Glue Sticks
8.3.1 Overview
8.3.2 Glue Sticks: Hot Melt Adhesives Market - Revenue and Forecast to 2028 (US$ Mn)
8.4 Glue Slugs
8.4.1 Overview
8.4.2 Glue Slugs: Hot Melt Adhesives Market - Revenue and Forecast to 2028 (US$ Mn)
8.5 Others
8.5.1 Overview
8.5.2 Others: Hot Melt Adhesives Market - Revenue and Forecast to 2028 (US$ Mn)

9. Hot Melt Adhesives Market Analysis - By Application

9.1 Overview
9.2 Hot Melt Adhesives Market, By Application (2020 and 2028)
9.3 Packaging
9.3.1 Overview
9.3.2 Packaging: Hot Melt Adhesives Market - Revenue and Forecast to 2028 (US$ Mn)
9.4 Construction
9.4.1 Overview
9.4.2 Construction: Hot Melt Adhesives Market - Revenue and Forecast to 2028 (US$ Mn)
9.5 Automotive
9.5.1 Overview
9.5.2 Automotive: Hot Melt Adhesives Market - Revenue and Forecast to 2028 (US$ Mn)
9.6 Furniture
9.6.1 Overview
9.6.2 Furniture: Hot Melt Adhesives Market - Revenue and Forecast to 2028 (US$ Mn)
9.7 Footwear
9.7.1 Overview
9.7.2 Footwear: Hot Melt Adhesives Market - Revenue and Forecast to 2028 (US$ Mn)
9.8 Electronics
9.8.1 Overview
9.8.2 Electronics: Hot Melt Adhesives Market - Revenue and Forecast to 2028 (US$ Mn)
9.9 Others
9.9.1 Overview
9.9.2 Others: Hot Melt Adhesives Market - Revenue and Forecast to 2028 (US$ Mn)

10. Hot Melt Adhesive Market - Geographic Analysis

10.1 Overview
10.2 North America: Hot Melt Adhesive Market
10.2.1 North America: Hot Melt Adhesive Market -Revenue and Forecast to 2028 (US$ Million)
10.2.2 North America: Hot Melt Adhesive Market, Type
10.2.3 North America: Hot Melt Adhesive Market, Product Type
10.2.4 North America: Hot Melt Adhesive Market, Application
10.2.5 North America: Hot Melt Adhesive Market, by Key Country
10.2.5.1 US: Hot Melt Adhesive Market -Revenue and Forecast to 2028 (US$ Million)
10.2.5.1.1 US: Hot Melt Adhesive Market, Type
10.2.5.1.2 US: Hot Melt Adhesive Market, Product type
10.2.5.1.3 US: Hot Melt Adhesive Market, Application
10.2.5.2 Canada: Hot Melt Adhesive Market -Revenue and Forecast to 2028 (US$ Million)
10.2.5.2.1 Canada: Hot Melt Adhesive Market, Type
10.2.5.2.2 Canada: Hot Melt Adhesive Market, Product type
10.2.5.2.3 Canada: Hot Melt Adhesive Market, Application
10.2.5.3 Mexico: Hot Melt Adhesive Market -Revenue and Forecast to 2028 (US$ Million)
10.2.5.3.1 Mexico: Hot Melt Adhesive Market, Type
10.2.5.3.2 Mexico: Hot Melt Adhesive Market, Product type
10.2.5.3.3 Mexico: Hot Melt Adhesive Market, Application
10.3 Europe: Hot Melt Adhesive Market
10.3.1 Europe: Hot Melt Adhesive Market -Revenue and Forecast to 2028(US$ Million)
10.3.2 Europe: Hot Melt Adhesive Market, Type
10.3.3 Europe: Hot Melt Adhesive Market, Product type
10.3.4 Europe: Hot Melt Adhesive Market, Application
10.3.5 Europe: Hot Melt Adhesive Market, by Key Country
10.3.5.1 Germany: Hot Melt Adhesive Market -Revenue and Forecast to 2028 (US$ Million)
10.3.5.1.1 Germany: Hot Melt Adhesive Market, Type
10.3.5.1.2 Germany: Hot Melt Adhesive Market, Product type
10.3.5.1.3 Germany: Hot Melt Adhesive Market, Application
10.3.5.2 France: Hot Melt Adhesive Market -Revenue and Forecast to 2028 (US$ Million)
10.3.5.2.1 France: Hot Melt Adhesive Market, Type
10.3.5.2.2 France: Hot Melt Adhesive Market, Product type
10.3.5.2.3 France: Hot Melt Adhesive Market, Application
10.3.5.3 Italy: Hot Melt Adhesive Market -Revenue and Forecast to 2028 (US$ Million)
10.3.5.3.1 Italy: Hot Melt Adhesive Market, Type
10.3.5.3.2 Italy: Hot Melt Adhesive Market, Product type
10.3.5.3.3 Italy: Hot Melt Adhesive Market, Application
10.3.5.4 UK: Hot Melt Adhesive Market -Revenue and Forecast to 2028 (US$ Million)
10.3.5.4.1 UK: Hot Melt Adhesive Market, Type
10.3.5.4.2 UK: Hot Melt Adhesive Market, Product type
10.3.5.4.3 UK: Hot Melt Adhesive Market, Application
10.3.5.5 Russia: Hot Melt Adhesive Market -Revenue and Forecast to 2028 (US$ Million)
10.3.5.5.1 Russia: Hot Melt Adhesive Market, Type
10.3.5.5.2 Russia: Hot Melt Adhesive Market, Product type
10.3.5.5.3 Russia: Hot Melt Adhesive Market, Application
10.3.5.6 Rest of Europe: Hot Melt Adhesive Market -Revenue and Forecast to 2028 (US$ Million)
10.3.5.6.1 Rest of Europe: Hot Melt Adhesive Market, Type
10.3.5.6.2 Rest of Europe: Hot Melt Adhesive Market, Product type
10.3.5.6.3 Rest of Europe: Hot Melt Adhesive Market, Application
10.4 Asia Pacific: Hot Melt Adhesive Market
10.4.1 Asia Pacific: Hot Melt Adhesive Market - Revenue and Forecast to 2028(US$ Million)
10.4.2 Asia Pacific: Hot Melt Adhesive Market, Product Type
10.4.3 Asia Pacific: Hot Melt Adhesive Market, Type
10.4.4 Asia Pacific: Hot Melt Adhesive Market, Application
10.4.5 Asia Pacific: Hot Melt Adhesive Market, by Key Country
10.4.5.1 China: Hot Melt Adhesive Market -Revenue and Forecast to 2028 (US$ Million)
10.4.5.1.1 China: Hot Melt Adhesive Market, Product Type
10.4.5.1.2 China: Hot Melt Adhesive Market, Type
10.4.5.1.3 China: Hot Melt Adhesive Market, Application
10.4.5.2 Australia: Hot Melt Adhesive Market -Revenue and Forecast to 2028 (US$ Million)
10.4.5.2.1 Australia: Hot Melt Adhesive Market, Product Type
10.4.5.2.2 Australia: Hot Melt Adhesive Market, Type
10.4.5.2.3 Australia: Hot Melt Adhesive Market, Application
10.4.5.3 Japan: Hot Melt Adhesive Market -Revenue and Forecast to 2028 (US$ Million)
10.4.5.3.1 Japan: Hot Melt Adhesive Market, Product Type
10.4.5.3.2 Japan: Hot Melt Adhesive Market, Type
10.4.5.3.3 Japan: Hot Melt Adhesive Market, Application
10.4.5.4 India: Hot Melt Adhesive Market -Revenue and Forecast to 2028 (US$ Million)
10.4.5.4.1 India: Hot Melt Adhesive Market, Type
10.4.5.4.2 India: Hot Melt Adhesive Market, Product Type
10.4.5.4.3 India: Hot Melt Adhesive Market, Application
10.4.5.5 South Korea: Hot Melt Adhesive Market -Revenue and Forecast to 2028 (US$ Million)
10.4.5.5.1 South Korea: Hot Melt Adhesive Market, Product Type
10.4.5.5.2 South Korea: Hot Melt Adhesive Market, Type
10.4.5.5.3 South Korea: Hot Melt Adhesive Market, Application
10.4.5.6 Rest of Asia Pacific: Hot Melt Adhesive Market -Revenue and Forecast to 2028 (US$ Million)
10.4.5.6.1 Rest of Asia Pacific: Hot Melt Adhesive Market, Product Type
10.4.5.6.2 Rest of Asia Pacific: Hot Melt Adhesive Market, Type
10.4.5.6.3 Rest of Asia Pacific: Hot Melt Adhesive Market, Application
10.5 MEA: Hot Melt Adhesive Market
10.5.1 MEA: Hot Melt Adhesive Market - Revenue and Forecast to 2028(US$ Million)
10.5.2 MEA: Hot Melt Adhesive Market, Product Type
10.5.3 MEA: Hot Melt Adhesive Market, Type
10.5.4 MEA: Hot Melt Adhesive Market, Application
10.5.5 MEA: Hot Melt Adhesive Market, by Key Country
10.5.5.1 South Africa: Hot Melt Adhesive Market -Revenue and Forecast to 2028 (US$ Million)
10.5.5.1.1 South Africa: Hot Melt Adhesive Market, Product Type
10.5.5.1.2 South Africa: Hot Melt Adhesive Market, Type
10.5.5.1.3 South Africa: Hot Melt Adhesive Market, Application
10.5.5.2 Saudi Arabia: Hot Melt Adhesive Market -Revenue and Forecast to 2028 (US$ Million)
10.5.5.2.1 Saudi Arabia: Hot Melt Adhesive Market, Product Type
10.5.5.2.2 Saudi Arabia: Hot Melt Adhesive Market, Type
10.5.5.2.3 Saudi Arabia: Hot Melt Adhesive Market, Application
10.5.5.3 UAE: Hot Melt Adhesive Market -Revenue and Forecast to 2028 (US$ Million)
10.5.5.3.1 UAE: Hot Melt Adhesive Market, Product Type
10.5.5.3.2 UAE: Hot Melt Adhesive Market, Type
10.5.5.3.3 UAE: Hot Melt Adhesive Market, Application
10.5.5.4 Rest of MEA: Hot melt adhesive Market -Revenue and Forecast to 2028 (US$ Million)
10.5.5.4.1 Rest of MEA: Hot Melt Adhesive Market, Product Type
10.5.5.4.2 Rest of MEA: Hot Melt Adhesive Market, Type
10.5.5.4.3 Rest of MEA: Hot Melt Adhesive Market, Application
10.6 South America: Hot Melt Adhesive Market
10.6.1 South: Hot Melt Adhesive Market -Revenue and Forecast to 2028(US$ Million)
10.6.2 South America: Hot Melt Adhesive Market, by Product Type
10.6.3 South America: Hot Melt Adhesive Market, by Type
10.6.4 South America: Hot Melt Adhesive Market, by Application
10.6.5 South America: Hot Melt Adhesive Market, by Key Country
10.6.5.1 Brazil: Hot Melt Adhesive Market -Revenue and Forecast to 2028 (US$ Million)
10.6.5.1.1 Brazil: Hot Melt Adhesive Market, by Product Type
10.6.5.1.2 Brazil: Hot Melt Adhesive Market, by Type
10.6.5.1.3 Brazil: Hot Melt Adhesive Market, by Application
10.6.5.2 Argentina: Hot Melt Adhesive Market -Revenue and Forecast to 2028 (US$ Million)
10.6.5.2.1 Argentina: Hot Melt Adhesive Market, by Product Type
10.6.5.2.2 Argentina: Hot Melt Adhesive Market, by Type
10.6.5.2.3 Argentina: Hot Melt Adhesive Market, by Application
10.6.5.3 Rest of South America: Hot Melt Adhesive Market -Revenue and Forecast to 2028 (US$ Million)
10.6.5.3.1 Rest of South America: Hot Melt Adhesive Market, by Product Type
10.6.5.3.2 Rest of South America: Hot Melt Adhesive Market, by Type
10.6.5.3.3 Rest of South America: Hot Melt Adhesive Market, by Application

11. Impact COVID-19 Pandemic on Global Hot Melt Adhesives Market

11.1 Impact of COVID-19 on Hot Melt Adhesives Market
11.2 North America: Impact Assessment of COVID-19 Pandemic
11.3 Europe: Impact Assessment of COVID-19 Pandemic
11.4 Asia Pacific: Impact Assessment of COVID-19 Pandemic
11.5 Middle East & Africa: Impact Assessment of COVID-19 Pandemic
11.6 South America: Impact Assessment of COVID-19 Pandemic

12. Industry Landscape

12.1 Overview
12.2 Mergers & acquisition
12.3 Product Launch
12.4 Collaboration

13. Company Profiles

13.1 H.B. Fuller Company
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Henkel AG & COMPANY, KGAA
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Arkema
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 3M
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Sika AG
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Jowat SE
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Hexcel Corporation
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 The Dow Chemical Company
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Beardow Adams
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Adhesive Technologies, Inc.
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
13.11 Gorilla Glue Company
13.11.1 Key Facts
13.11.2 Business Description
13.11.3 Products and Services
13.11.4 Financial Overview
13.11.5 SWOT Analysis
13.11.6 Key Developments

14. Appendix

14.1 About the Publisher
14.2 Glossary of Terms