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Hot Melt Adhesives - Global Market Trajectory & Analytics

  • ID: 835004
  • Report
  • April 2021
  • Region: Global
  • 355 Pages
  • Global Industry Analysts, Inc
Global Hot Melt Adhesives Market to Reach $11 Billion by 2027

Amid the COVID-19 crisis, the global market for Hot Melt Adhesives estimated at US$7.6 Billion in the year 2020, is projected to reach a revised size of US$11 Billion by 2027, growing at a CAGR of 5.3% over the analysis period 2020-2027. EVA, one of the segments analyzed in the report, is projected to record a 5% CAGR and reach US$3.9 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the SBC segment is readjusted to a revised 5.5% CAGR for the next 7-year period.

The U.S. Market is Estimated at $2.1 Billion, While China is Forecast to Grow at 8.2% CAGR

The Hot Melt Adhesives market in the U.S. is estimated at US$2.1 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.3 Billion by the year 2027 trailing a CAGR of 8.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.9% and 4.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.3% CAGR.

Polyolefins Segment to Record 6.4% CAGR

In the global Polyolefins segment, USA, Canada, Japan, China and Europe will drive the 5.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$807.8 Million in the year 2020 will reach a projected size of US$1.2 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.5 Billion by the year 2027, while Latin America will expand at a 7.6% CAGR through the analysis period.

Select Competitors (Total 103 Featured):
  • 3M Company
  • Adhesive Technologies Inc.
  • Alfa International Corporation
  • American Chemical, Inc.
  • Ashland Global Holdings Inc.
  • Avery Dennison Corporation
  • Beardow & Adams (Adhesives) Limited
  • Bostik Inc.
  • Capital Adhesives & Packaging Corp.
  • Costchem srl
  • Daubert Chemical Company, Inc.
  • Dow Inc.
  • Evans Adhesive Corporation Ltd.
  • H.B. Fuller Company
  • Henkel AG & Co. KGaA
  • Jowat SE
  • LORD Corporation
  • Sika AG
  • Tex Year Industries Inc.
  • Toyobo Co., Ltd
  • Worthen Industries Inc.
Note: Product cover images may vary from those shown
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • Adhesives - A Rudimentary Industry Roundup
  • Recent Market Activity
  • Surging Usage of Hot Melt Adhesives
  • The Marketplace & The Players
  • Improving Economy Buoys General Market Optimism
  • Urbanization - A Mega Growth Driver
  • Current and Future Analysis
2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS
  • Cost Effectiveness - Major Factor Driving Growth
  • Low VOC Nature of Hot Melt Adhesives - A Major Draw
  • Low VOC Nature of Hot Melt Adhesives - A Major Draw
  • EVA Hot Melt Adhesives -The Most Popular Product Segment
  • Styrenic Block Copolymer based HMA - Another Major Product Category
  • Polyolefin-Based Adhesives - The Fastest Growing Product Segment
  • Polyurethane HMAs: Market Laden with Tremendous Potential for Growth
  • PURHMs Evolve as a Solution to Textile Laminators
  • Packaging: The Largest Market for Hot Melt Adhesives
  • Non-Rigid Bonding in Non-Woven/Disposables Adds Significant Growth Prospects for HMAs
  • Diverse End-Use Markets - A Major Plus for Hot Melt Adhesives
  • Rising Demand for Quality Footwear to Benefit the HMAs Market
  • Product Developments & Technology Innovations - The Way to Go
  • Hot Melt Adhesives from Biodegradable Resources
  • A New Lactide Caprolactone Copolymer Developed for HMA
  • Low Viscosity & High Efficiency Radial Polymers
  • Developing Regions to Perk Up Global Hot Melt Adhesives Demand
  • Outsourcing of Manufacturing Activity Boosts Demand for Hot Melt Adhesives in Developing Countries
  • Manufacturing of Adhesives too Shift to Low Cost Destinations
  • Growing Consumer Shipments & Transportation of Goods Fuel Demand
  • Key Issues
4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS
  • UNITED STATES
  • CANADA
  • JAPAN
  • CHINA
  • EUROPE
  • FRANCE
  • GERMANY
  • ITALY
  • UNITED KINGDOM
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • AUSTRALIA
  • INDIA
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • IRAN
  • ISRAEL
  • SAUDI ARABIA
  • UNITED ARAB EMIRATES
  • REST OF MIDDLE EAST
  • AFRICA
IV. COMPETITION
  • Total Companies Profiled: 103
Note: Product cover images may vary from those shown
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