Corded Segment to Dominate North America Hot Melt Glue Gun Market during 2021-2028
According to a new market research study on “North America Hot Melt Glue Gun Market to 2028 - COVID-19 Impact and Regional Analysis and Forecast - by Gun Type, Application and Country,” is expected to reach US$ 188.08 million by 2028 from US$ 130.57 million in 2021. The market is estimated to grow at a CAGR of 5.4% from 2021 to 2028. The report provides trends prevailing in the North America hot melt glue gun market along with the drivers and restraints pertaining to the market growth. Consistent Growing demand from the packaging and electronics industry and advantages over solvent-based adhesives or other fasteners in industrial applications are the major factors driving the growth of the North America hot melt glue gun market. However, the availability of other superior glue dispense tools or systems may hinder the growth of North America hot melt glue gun market.
In case of COVID-19, in North America, especially the US, witnessed an unprecedented rise in number of coronavirus cases, which led to the discontinuation of hot melt glue gun manufacturing activities. Downfall of other chemical and materials manufacturing sectors has negatively impacted the demand for hot melt glue gun during the early months of 2020. Moreover, decline in the overall adhesives & sealants manufacturing activities has led to discontinuation of hot melt glue gun manufacturing projects, thereby reducing the demand for hot melt glue gun. Similar trend was witnessed in other North America countries, i.e. Mexico, Canada, Panama and Costa Rica. However, the countries are likely to overcome thus drop in demand with the economic activities regaining their pace, especially in the beginning of the 2021.
The market for North America hot melt glue gun is segmented into gun type, application and country. Based on gun type, the market is segmented into corded, cordless hybrid hot melt glue gun. In 2020, the corded segment held the largest share in North America hot melt glue gun market. Based on application, the North America hot melt glue gun is divided into packaging, construction, automotive, furniture, footwear, electronics, and others. The packaging segment is expected to be the fastest growing segment over the forecast period. Furthermore, in this present scenario of COVID 19 pandemic, the North America hot melt glue gun market has been facing difficulties and several countries have suffered heavily. The manufacturing sectors in the North America countries have been experiencing low production and a weak supply chain. Thereby, impacting the market for hot melt glue gun.
Ellsworth Adhesives, 3M, Arkema, Deluxe Packaging, Buhnen GmbH & Co. KG, Infinity Bond Adhesives, Surebonder and Adhesives Technologies Inc. are some of the leading companies in the North America hot melt glue gun market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.
According to a new market research study on “North America Hot Melt Glue Gun Market to 2028 - COVID-19 Impact and Regional Analysis and Forecast - by Gun Type, Application and Country,” is expected to reach US$ 188.08 million by 2028 from US$ 130.57 million in 2021. The market is estimated to grow at a CAGR of 5.4% from 2021 to 2028. The report provides trends prevailing in the North America hot melt glue gun market along with the drivers and restraints pertaining to the market growth. Consistent Growing demand from the packaging and electronics industry and advantages over solvent-based adhesives or other fasteners in industrial applications are the major factors driving the growth of the North America hot melt glue gun market. However, the availability of other superior glue dispense tools or systems may hinder the growth of North America hot melt glue gun market.
In case of COVID-19, in North America, especially the US, witnessed an unprecedented rise in number of coronavirus cases, which led to the discontinuation of hot melt glue gun manufacturing activities. Downfall of other chemical and materials manufacturing sectors has negatively impacted the demand for hot melt glue gun during the early months of 2020. Moreover, decline in the overall adhesives & sealants manufacturing activities has led to discontinuation of hot melt glue gun manufacturing projects, thereby reducing the demand for hot melt glue gun. Similar trend was witnessed in other North America countries, i.e. Mexico, Canada, Panama and Costa Rica. However, the countries are likely to overcome thus drop in demand with the economic activities regaining their pace, especially in the beginning of the 2021.
The market for North America hot melt glue gun is segmented into gun type, application and country. Based on gun type, the market is segmented into corded, cordless hybrid hot melt glue gun. In 2020, the corded segment held the largest share in North America hot melt glue gun market. Based on application, the North America hot melt glue gun is divided into packaging, construction, automotive, furniture, footwear, electronics, and others. The packaging segment is expected to be the fastest growing segment over the forecast period. Furthermore, in this present scenario of COVID 19 pandemic, the North America hot melt glue gun market has been facing difficulties and several countries have suffered heavily. The manufacturing sectors in the North America countries have been experiencing low production and a weak supply chain. Thereby, impacting the market for hot melt glue gun.
Ellsworth Adhesives, 3M, Arkema, Deluxe Packaging, Buhnen GmbH & Co. KG, Infinity Bond Adhesives, Surebonder and Adhesives Technologies Inc. are some of the leading companies in the North America hot melt glue gun market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.
The report segments the North America Hot melt glue gun Market as follows:
North America Hot Melt Glue Gun Market - By Gun Type
- Corded
- Cordless
- Hybrid
North America Hot Melt Glue Gun Market - By Application
- Packaging
- Construction
- Automotive
- Furniture
- Footwear
- Electronics
- Others
North America Hot Melt Glue Gun Market - By Country
- US
- Canada
- Mexico
Reasons to buy:
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America hot melt glue gun market
- 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 North America hot melt glue gun market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth North America market trends and outlook coupled with the factors driving the North America hot melt glue gun market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
Table of Contents
1. Introduction
3. Research Methodology
4. North America Hot Melt Glue Gun Market Landscape
5. Hot Melt Glue Gun Market - Key Market Dynamics
6. Hot Melt Glue Gun - North America Market Analysis
7. North America Hot Melt Glue Gun Market Analysis - By Gun Type
8. North America Hot Melt Glue Gun Market Analysis - By Application
9. North America Hot Melt Glue Gun Market - Country Analysis
10. Impact of COVID-19 Pandemic on North America Hot Melt Glue Gun Market
11. Key Company Profiles
12. Appendix
List of Tables
List of Figures
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- 3M
- Surebonder
- Deluxe Packaging
- Bühnen GmbH & Co. KG
- Adhesive Technologies, Inc.
- Infinity Bond Adhesives
- Arkema
- Ellsworth Adhesives
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 105 |
Published | July 2021 |
Forecast Period | 2021 - 2028 |
Estimated Market Value ( USD | $ 130.57 Million |
Forecasted Market Value ( USD | $ 188.08 Million |
Compound Annual Growth Rate | 5.4% |
Regions Covered | North America |