Meticulous Research® has published a detailed analysis titled Hot Melt Adhesives Market by Type (EVA, Polyolefin, Polyurethane, Others), Form (Solid, Granular/Powder, Others), End-use Industry (F&B, Automotive, Electronics, Home Decor, Consumer Goods, Textile, Others), and Geography - Global Forecast to 2031.

According to the report, the hot melt adhesives market is expected to reach $12.8 billion by 2031, growing at a CAGR of 5.1% from 2024 to 2031. This growth is driven by technological advancements in raw materials and increased demand for packaging. However, the limited thermal resistance of hot melt adhesives poses a challenge.

The report identifies emerging opportunities in sustainable hot melt adhesives and their use in non-woven applications. Nonetheless, rising raw material costs present a significant obstacle to growth.

The market is segmented by type into ethylene vinyl acetate (EVA), polyamide (PA), polyurethane, polyolefin, styrenic block copolymers (SBCs), amorphous poly alpha olefins (APAO), metallocene, and other types. EVA is projected to dominate the market with over 39.0% share in 2024 due to its strong adhesive properties, versatility, and expanding use in packaging, mattress production, woodworking, and automotive industries.

EVA’s wide-ranging applications are due to its superior adhesive qualities and flexibility. As technology progresses, EVA hot melt adhesives are expected to continue to be a strong market player. Manufacturers are focusing on improving EVA’s performance, such as enhancing temperature resistance and adhesion to difficult surfaces.

The market is further divided by form into solid, granular/powder, and viscous liquid. The solid form is anticipated to capture over 42.0% of the market share in 2024. Solid hot melt adhesives are favored for their ease of dispensing, extended shelf life, minimal waste, and no requirement for special equipment. This segment is also projected to grow at the highest CAGR during the forecast period.

By end-use industry, the market is segmented into automotive, electronics, home decor, textile, food & beverage, healthcare & pharmaceutical, consumer goods, construction, fashion & apparel, manufacturing, and others. The food & beverage sector is expected to hold over 33.0% of the market share in 2024, driven by increasing packaging demands and the development of sustainable, bio-based hot melt adhesives.

Conversely, the automotive segment is projected to achieve the highest CAGR due to its growing use in high-speed production lines and vehicle assembly.

Geographically, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific is expected to hold over 48.0% of the market share in 2024, driven by rapid industrial development, a strong automotive and furniture manufacturing presence, and high demand for hot melt adhesives. The region is also projected to experience the highest CAGR of 6.5%, supported by increased demand for packaging, labeling, and textile applications and a focus on sustainability.

Key Players:

Some of the key players operating in the hot melt adhesives market are H.B. Fuller Company (U.S.), 3M Company (U.S.), Jowat SE (Germany), Henkel AG & Co. KGaA (Germany), Arkema (France), The Dow Chemical Company (U.S.), Sika AG (Switzerland), Avery Dennison Corporation (U.S.), Tex Year Industries Inc. (Taiwan), Huntsman Corporation (U.S.), KLEIBERIT SE & Co. KG (Germany), Power Adhesives Ltd. (U.K.), Evans Adhesive Corp. (U.S.), Wacker Chemie AG (Germany), and Paramelt B.V. (Netherlands).

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Key Questions Answered in the Report:

  • Which are the high-growth market segments based on type, form, and end-use industry?
  • What was the historical market for hot melt adhesives?
  • What are the market forecasts and estimates for the period 2024–2031?
  • What are the major drivers, restraints, and opportunities in the hot melt adhesives market?
  • Who are the major players, and what shares do they hold in the hot melt adhesives market?
  • How is the competitive landscape in the hot melt adhesives market?
  • What are the recent developments in the hot melt adhesives market?
  • What are the different strategies adopted by the major players in the hot melt adhesives market?
  • What are the key geographic trends, and which are the high-growth countries?
  • Who are the local emerging players in the global hot melt adhesives market, and how do they compete with the other players?

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