Hot Melt Adhesives Market Size, Share, and Trends: Future Forecast Analysis

1. 1Hot Melt Adhesives Market to be Worth $12.8 Billion by 2031 2

2. Global Hot Melt Adhesives Market – 2024-2031 Meticulous Research®, a renowned global market research firm, recently released a comprehensive report 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.’ Download Sample Report Here @ https://www.meticulousresearch.com/download- sample-report/cp_id=5984 According to the findings from this latest publication, the global hot melt adhesives market is expected to grow significantly, reaching a value of $12.8 billion by 2031, expanding at a compound annual growth rate (CAGR) of 5.1% from 2024 to 2031. Several factors are driving this growth, including advancements in raw materials and the increasing demand for packaging across various industries. However, the market faces some challenges, with the lower thermal resistance of hot melt adhesives posing a notable hindrance to broader market expansion. Additionally, there is optimism surrounding future opportunities within the hot melt adhesives market, particularly with the development of sustainable hot melt adhesives and the increasing use of these adhesives in non-woven applications. These innovations are anticipated to open new growth avenues for key players in the market. Nevertheless, rising raw material prices continue to be a significant challenge that could limit market expansion. In terms of product types, the hot melt adhesives market is categorized into ethylene vinyl acetate (EVA), polyurethane, polyolefin, polyamide (PA), styrenic block copolymers (SBCS), amorphous poly alpha olefins (APAO), metallocene, and other varieties. The EVA segment is projected to dominate the market in 2024, accounting for over 39.0% of the total market share. The broad appeal of EVA is due to its strong adhesive properties and versatility across multiple applications, including packaging, mattress production, woodworking, and automotive manufacturing. Its superior adhesive performance makes it highly valuable, and ongoing advancements in the material's temperature resistance and bonding capabilities are expected to further enhance its demand. In terms of form, the hot melt adhesives market is divided into solid, granular/powder, and viscous liquid formulations. The solid segment is expected to claim the largest share, over 42.0% of the market, in 2024. This prominence is largely due to the many advantages of solid adhesives, including easy dispensing, extended shelf life, and minimal waste generation. Solid adhesives also eliminate the need for mixing and specialized equipment, making them highly desirable in various applications. Manufacturers are increasingly focused on developing 100% solid formulations to leverage these benefits, which is likely to drive the segment’s growth at the highest CAGR during the forecast period. When segmented by end-use industry, the hot melt adhesives market is diverse, encompassing sectors such as automotive, electronics, home decor, textile, food and beverage, healthcare, consumer goods, construction, fashion, and manufacturing. The food and beverage industry is projected to hold the largest share, over 33.0% of the market, in 2024. This substantial share is fueled by the growing demand for packaging solutions that ensure product safety, along with widespread applications of hot melt adhesives in carton sealing, box closures, and pouch sealing. Moreover, advancements in bio-based formulations are contributing to the expansion of sustainable adhesives within the food and beverage industry. Page 1 of 3 © Meticulous Research| sales@meticulousresearch.com

3. Global Hot Melt Adhesives Market – 2024-2031 While the food and beverage sector remains the largest, the automotive segment is predicted to grow at the fastest rate over the forecast period. Factors contributing to this growth include the rising adoption of high-speed automated production lines and the increased use of hot melt adhesives in vehicle interiors for lamination and component assembly. The strong demand for reliable adhesives in automotive manufacturing is poised to significantly boost the market for hot melt adhesives in this sector. From a geographical standpoint, the Asia-Pacific region is expected to lead the global hot melt adhesives market, holding over 48.0% of the market share in 2024. This dominance is attributed to the region’s rapid industrialization and the strong presence of key automotive and furniture manufacturers. Additionally, Asia-Pacific is projected to witness the highest CAGR of 6.5% throughout the forecast period. The region’s increasing demand for hot melt adhesives in packaging, product assembly, and textile applications, combined with a growing focus on sustainability and environmental protection, will likely drive further market growth. 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). To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/hot-melt-adhesives-market-5984 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? Page 2 of 3 © Meticulous Research| sales@meticulousresearch.com

4. Global Hot Melt Adhesives Market – 2024-2031 • 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? Contact Us: Meticulous Research® Email- sales@meticulousresearch.com Contact Sales- +1-646-781-8004 Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research Page 3 of 3 © Meticulous Research| sales@meticulousresearch.com