The global hot melt adhesives market is growing at a significant CAGR of around 7.0% during the forecast period (2020-2026). Hot melt has been widely used in packaging industry since 1960's. The hot melt is considered cost effective when used in conjunction with hot melt systems running continuously. Ethylene-vinyl acetate (EVA) and polyolefin are the two most popular types of hot melt adhesives. Ethylene-vinyl acetate (EVA) – this form of hot melt adhesive works well with paper and cellulosic materials and has a wide range of formulation. The reason for the increased adoption of hot melt adhesives as compared to water-based adhesives in industries can be accounted to the fast cool and setting feature. They are made primarily of one or more polymers and a combination of additives such as resins and pigments that provide different characteristics to various adhesives.

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Moreover, there are other various pivotal factors that are driving the global hot melt adhesives market, which includes the rising packaging industry across the globe. For instance, packaging is the 5th largest sector of India's economy and steady growth has been reported over past several years which show high potential for further expansion. Moreover, opportunities for growth driven packaging industry owing to rising consumption of packaged as well as general growth across a range of consumer goods areas are widespread across the countries. However, a lower thermal resistance of hot melt adhesives will affect the market growth during the forecast period.



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Global Hot Melt Adhesive Market Segmentation

By Type

Ethylene Vinyl Acetate (EVA)

Styrenic Block Copolymers (SBC)

Amorphous Polyalphaolefins (APAO)

Polyamide

Polyvinyl Acetate

Others (Metallocene Polyolefin (mPO) and Polyurethane)

By Application

Packaging Solutions

Furniture & Woodwork

Nonwoven Hygiene Products

Automotive

Others (Electronics)

Regional Analysis

North America

United States

Canada

Europe

UK

Germany

Italy

Spain

France

Rest of Europe

Asia-Pacific

China

India

Japan

Rest of Asia-Pacific

Rest of the World

Company Profiles

3M Co.

Adtek Consolidated Sdn. Bhd.

Arkema Group

Beardow Adams

Bond Tech Industries

Bühnen GmbH & Co. KG

Cherng Tay Technology Co., Ltd.

Costchem S.r.l.

Daubert Chemical Co.

Dow Inc.

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