Hot-Melt-Based Adhesives Global Market To Reach Value Of About $8 Billion In 2025

12 Oct, 2021

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.

Global Hot-Melt-Based Adhesives Market Size And Drivers:

The global hot-melt-based adhesives market is expected to grow from $6.63 billion in 2020 to $7.02 billion in 2021 at a compound annual growth rate (CAGR) of 5.9%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $8.06 billion in 2025 at a CAGR of 4%. The increasing demand for hot-melt polyurethane adhesive will drive the hot melt adhesives market.

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Trends In The Global Hot-Melt-Based Adhesives Market

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, analysed 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 on possible machine breakdowns. For instance, some of the major companies adopting IoT include BASF SE, The Dow Chemical Company and H.B. Fuller.

Global Hot-Melt-Based Adhesives Market Segments:
The global hot-melt-based adhesives market is further segmented –
By Type: Thermoplastic Polyurethane, Ethylene Vinyl Acetate, Styrene-butadiene Copolymers, Polyolefins, Polyamide, Other Resin Types
By Application: Packaging Solutions, Nonwoven Hygiene Products, Furniture & Woodwork, Bookbinding, Others
By End User: Building And Construction, Packaging, Transportation, Electrical and Electronic Appliances, Healthcare, Others
By Geography: The global hot-melt-based adhesives market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

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Hot-Melt-Based Adhesives Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides hot-melt-based adhesives market overviews, analyzes and forecasts market size and growth for the global hot-melt-based adhesives market, hot-melt-based adhesives market share, hot-melt-based adhesives market players, hot-melt-based adhesives market segments and geographies, hot-melt-based adhesives market’s leading competitors’ revenues, profiles and market shares. The hot-melt-based adhesives market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.