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Hot-Melt-Based Adhesives Global Market Report 2022

Hot-Melt-Based Adhesives Global Market Report 2022

  • May 2022
  • 175 pages
  • ID: 6281517
  • Format: PDF
  • The Business Research Company

Summary

Table of Contents

Major players in the hot-melt-based adhesives market are Jowat Se, Sika AG, Tex Year Industries Inc., DowDuPont, Costchem SRL, American Chemical Inc., Bostik Inc., Huntsman Corp., Beardow & Adams Ltd., and Hexcel Corporation.

The global hot-melt-based adhesives market is expected to grow from $14.14 billion in 2021 to $15.58 billion in 2022 at a compound annual growth rate (CAGR) of 10.1%. The market is expected to grow to $22.13 billion in 2026 at a CAGR of 9.2%.

The hot-melt-based adhesives market consists of sales of hot-melt-based adhesives. Hot-melt-based adhesives are known as hot glue, a form of thermoplastic adhesive that is heated to create a melt before applying to the surface and is designed to be melted in an electric hot glue gun.

The main types of hot-melt-based adhesives are thermoplastic polyurethane, ethylene vinyl acetate, styrenic-butadiene copolymers, polyolefins, polyamide, and other resin types.Polyamide is a polymer in which the amide group (CONH) connects the monomer units.

The hot-melt-based adhesives are applied in packaging solutions, nonwoven hygiene products, furniture and woodwork, bookbinding, and other sectors that are used by building and construction, packaging, transportation, electrical and electronic appliances, healthcare, and other industries.

Asia Pacific was the largest region in the hot-melt-based adhesives market in 2021.North America was the second-largest region in the hot-melt-based adhesives market.

The regions covered in the hot-melt-based adhesives report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

With growing awareness to preserve the environment, customers/consumers are fetching for eco-friendly products.Features like affordability, non-release of VOC into the environment, longer shelf life, reusability without degradation, and fast-drying ability are making hot melt adhesives as environmentally friendly adhesives when compared to other adhesives.

For example, companies such as Bostik, is providing hot-melt polyurethane adhesive for the textile industry by using a solventless technology that reduces the usage of hazardous solvent like methylene chloride.There is a visible success of hot-melt polyurethane adhesive in underwear, sportswear, and medical garment manufacturers in Asia.

The increasing demand for hot-melt polyurethane adhesives will drive the hot melt adhesives market.

Many products produced by adhesives companies are potentially hazardous during the manufacturing stages.This is mainly because the manufacturing processes involve high temperatures and high-pressure reactions which can be dangerous unless controlled carefully.

In addition, some of these manufactured dyes harm both living organisms and the environment.Due to this, regulations in the adhesives industry – in assessing and managing the risks involved in the manufacturing, transporting, and disposing of chemicals – increased in the historic period.

Adhesives have to be compliant with complex regulations that govern the labeling, handling, manufacturing, shipping, and storage of the product. Additional compliance costs for these changing regulations, as different countries and geographies have different regulations, were a major restraint for hot melt-based adhesives companies.

Many hot melt-based adhesive companies are adopting IoT (Internet of Things) technologies to connect equipment and smart devices to garner real-time insights and locate gaps in the manufacturing process.The data obtained is processed, analyzed, and interpreted by plant managers and senior-level management to improve quality and achieve optimum production levels.

For example, smart systems give information on the working condition and performance of chemical reactors with embedded software and analytics tools to notify plant operators and managers of possible machine breakdowns. For instance, some of the major companies adopting IoT include BASF SE, The Dow Chemical Company, and H.B. Fuller.

The countries covered in the hot melt-based adhesives market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, UK, USA, and Australia.

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