The global hot melt adhesives market size is expected to reach USD 9.10 billion in 2032 and register a steady revenue CAGR of 4.8% over the forecast period, according to the latest analysis by Emergen Research. Rising demand for reactive Hot Melt Adhesives (HMA) over traditional adhesives is a key factor driving market revenue growth. Solvent-based adhesives have been widely used in many traditional industrial applications. However, newer hot melt adhesives are quickly replacing them due to their superior productivity, more affordable pricing, and environmental friendliness. Hot melt adhesives harden faster than solvent-based ones, enabling higher production speeds and quicker assembly times. In addition, items bonded with hot melt adhesives can be reheated, allowing for efficient repairs and adjustments. Unlike solvent-based adhesives, hot melt adhesives eliminate Volatile Organic Compounds (VOCs), which are harmful emissions potentially linked to cancer. This makes hot melt adhesives a safer and more environment-friendly choice, as these comply with VOC regulations and have low or zero VOC content. Furthermore, manufacturers are increasingly focusing on using environment-friendly products, leading to a higher demand for hot melt adhesives, thus driving revenue growth of the market.

The report also offers estimations and predictions about the market segment and sub-segments exhibiting promising growth in the forecast timeline. The report also provides deeper insights into the technological advancements, industrial landscape, and emerging product and technological developments in the Hot Melt Adhesives (HMA) market. It offers fruitful insights into the business sphere to help businesses capitalize on the lucrative growth opportunities.

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Competitive Terrain:

The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Hot Melt Adhesives (HMA) market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.

The leading market contenders listed in the report are:

Exxon Mobil Corporation, Dow, 3M, Henkel Adhesives Technologies, Focke Group, TEX YEAR INDUSTRIES INC., H.B. Fuller Company, Arkema, Sika and Bostik

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Emergen Research has segmented the global Hot Melt Adhesives (HMA) market on the basis of type, application, end-use, and region:

Segments Covered in this report are:

  • Resin Type Outlook (Revenue, USD Billion; 2019–2032)

    • Ethylene-Vinyl Acetate (EVA)
    • Styrenic Block Copolymers
    • Metallocene PO (mPO)
    • Polyamide
    • Polyolefins
    • Amorphous Poly-alphaolefin (APAO)
    • Polyurethane
    • Others

  • Application Method Outlook (Revenue, USD Billion; 2019–2032)

    • Hot Melt Glue Guns
    • Hot Melt Roll Coaters
    • Spray Guns and Nozzles
    • Bead and Slot Extrusion
    • Slot Die Coating

  • End-use Outlook (Revenue, USD Billion; 2019–2032)

    • Packaging Industry
      1. Carton and Box Sealing
      2. Case and Tray Forming
    • Woodworking and Furniture
      1. Edge Banding
      2. Profile Wrapping
    • Non-Woven Industry
      1. Hygiene Products (diapers, sanitary napkins)
      2. Medical Products (surgical drapes, gowns)
    • Automotive and Transportation
      1. Interior Trims
      2. Headliners and Carpets
    • Electronics
      1. Potting and Encapsulation
      2. Wire Tacking and Bonding
    • Construction
      1. Insulation Panels
      2. Tile Adhesives
    • Textile and Apparel
      1. Seam Sealing
      2. Applique and Embellishment
    • Bookbinding and Printing
      1. Spine Gluing
      2. Book Cover Lamination
    • Assembly and Product Assembly

The various regions analyzed in the report include:

  • North America (U.S., Canada)
  • Europe (U.K., Italy, Germany, France, Rest of EU)
  • Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
  • Latin America (Chile, Brazil, Argentina, Rest of Latin America)
  • Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key Objectives of the Report:

  • Analysis and estimation of the Hot Melt Adhesives (HMA) Market size and share for the projected period of 2022-2030
  • Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
  • Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Hot Melt Adhesives (HMA) Market
  • Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
  • Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities

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