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Hot Melt Adhesives Market Statistics 2019-2024 by Products, Materials and Application Potential

Author : Rahul Varpe | Published Date : 2019-10-16 

Global Market Insights, Inc. presents an extensive report on Hot Melt Adhesives Market that offers qualitative information about prevailing trends and a detailed analysis of the growth trajectory of this industry. It also includes a study of the historical data and detailed statistics that will help determine the future scope of the industry in terms of commercialization opportunities.

In recent years, there has been a considerable expansion of hot melt adhesives market size owing to the burgeoning demand across automotive production, electronics packaging and footwear applications. With increasing disposable income globally, the packaging industry has grown at a rapid pace owing to the higher consumption for consumer electronics and lifestyle products such as cosmetics and perfumes.

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Hot melt adhesives are witnessing widespread traction owing to their dynamic characteristics such as being environmentally friendly, benefit of efficient storage, fast processing, and safe use. These adhesives find application in textile industry, graphic arts, as well as tapes and labels for packaging.

With gradually booming global economy, there has been a notable growth of the construction industry in developing countries like India. This would offer substantial opportunities for the expanding furniture sector through the emergence of new residential and commercial buildings. Moreover, increasing number of renovations and refurbishment projects worldwide is further offering lucrative growth opportunities for furniture makers, fueling hot melt adhesives market outlook.

Growing industrialization and FDI in emerging nations like India has driven the employment levels and a surge in the disposable income among people. According to data, by 2023 the per capita GDP of India is projected to surpass USD 3,274. A rise in income levels leads to an increase in demand for packaged food products, strengthening the global packaging sector.

Government regulations pertaining to the use of adhesives in food packaging could also impact the global hot melt adhesives industry forecast. The Food and Drug Administration (FDA) in the United States requires the adhesives in food packaging and labeling to carry premarket clearance to ensure that the chemical from the adhesive does not harm the nutritional value of the food.

Hot melt adhesives are widely used in the manufacturing of car seats, carpets and headliners, batteries, radiators and transmitters. Versatile performance, lightweight bonding, durability and fast adhesion are some of the vital characteristics propelling hot melt adhesives market size.

An increasing number of interior designing projects owing to higher spending on lifestyle enhancements worldwide is magnifying the demand for furniture. Additionally, with the rise in commercial infrastructure the demand for robust and long-lasting furniture is rapidly increasing. In developing countries. there has been a rise in furniture sales mainly due to the increase in tourism in the country which is supporting the hospitality sector.

In Great Britain, the value of private sector construction output had reached around USD 104.4 billion in 2017, indicating the massive potential for furniture consumption from the region itself.

Partial Chapter of the Table of Content:

Chapter 3 Hot Melt Adhesives Industry Insights

3.1 Industry segmentation

3.2 Industry size and forecast, 2013 - 2024

3.3 Industry ecosystem analysis

3.3.1 Vendor matrix

3.3.2 Distribution channel analysis

3.3.2.1 Collaboration/Partnership

3.3.2.2 Technology Provider/Licensing

3.3.2.3 Service Providers

3.3.2.4 Contract Manufacturing

3.4 Technology landscape

3.5 Pricing trends

3.5.1 Raw material supply trends

3.5.1.1 EVA

3.5.1.2 Polyurethane (PU)

3.5.1.3 SBC

3.5.1.4 Polyolefins

3.5.1.4.1Ethylene

3.5.1.4.2Propylene/polypropylene

3.5.2 Regional pricing

3.5.2.1 EVA Hot Melts

3.5.2.2 SBC Hot Melts

3.5.2.3 AMOP Hot Melts

3.5.2.4 Metallocene PO Hot Melts

3.5.2.5 PU Hot Melts

3.5.2.6 Polyamide Hot Melts

3.5.2.7 Polyester Hot Melts

3.5.3 Cost structure analysis

3.6 Regulatory landscape

3.6.1 U.S.

3.6.2 Europe

3.6.3 China

3.7 Industry impact forces

3.7.1 Growth drivers

3.7.1.1 Intensifying product usage across various industries

3.7.1.2 Asia Pacific: Growing adhesives market demand

3.7.1.3 Low VOC content in adhesives

3.7.2 Industry pitfall & challenges

3.7.2.1 Rise in adoption of environment friendly alternative products

3.8 Innovation & sustainability

3.9 Polymer comparison

3.9.1 PUR and EVA

3.9.2 Metallocene and EVA

3.9.3 Polyolefin and polyamide

3.10 Technology comparison

3.10.1 Water based adhesives v/s Hotmelt adhesives

3.11 Growth potential analysis, 2017

3.11.1 Emerging business models

3.11.1.1 Collaboration/Joint ventures

3.11.1.2 Acquisitions

3.11.1.3 Product launch

3.12 Porter’s analysis

3.13 Company market share analysis, 2017

3.13.1 Strategy dashboard

3.14 PESTEL analysis

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Hot melt adhesives are used in the production of mattresses, edge banding, foam bonding, panel lamination and woodworking in the furniture sector. These adhesives exhibit high thermal stability that facilitates less time-consuming precision during production.

Furthermore, adhesives in the use of furniture manufacturing are quick and easy to increase the rate of productivity and allowing leaner production process. Global hot melt adhesives market share will certainly register substantial growth rate over the next few years due to the rising demand for furniture.

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About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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