Global Hot Melt Adhesive (HMA) Market, By Resin Type (Ethylene Vinyl Acetate, Styrenic Block Copolymers, Metallocene Polyolefin, Amorphous Polyalphaolefins, Polyolefins, Polyamides, Polyurethane, Others), Application (Packaging Solutions, Nonwoven Hygiene Products, Furniture & Woodwork, Bookbinding, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Hot Melt Adhesive (HMA) Market
The hot melt adhesive (HMA) market is expected to witness market growth at a rate of 7.55% in the forecast period of 2021 to 2028. Data Bridge Market Research report on hot melt adhesive (HMA) market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increase in demand for the product from the end-use industries is escalating the growth of the hot melt adhesive (HMA) market.
Hot melt adhesive (HMA) refers to a thermoplastic adhesive that contains no solvents or water and tend to achieve a solid state and high strength upon cooling. They are known to possess a certain melting property in the temperature range from 65°C to 180°C. HMA and are considered eco-friendly in nature.
The increase in demand from the packaging and non-woven products application across the globe acts as one of the major factors driving the growth of the hot melt adhesive (HMA) market. The rise in demand for hot melt adhesive (HMA) provides long shelf life and does not require special precautions after product applications and a wide range of applications accelerate market growth. The rise in the replacement of other adhesive technologies By HMAs due to their superior properties such as high heat resistance and high tensile strength and high usage in the automotive industry further influences the market. Additionally, research and development activities, rapid urbanization and industrialization, expansion of end-user industries and surge in investments positively affect the hot melt adhesive (HMA) market. Furthermore, the increase in the use of HMAs in road marking applications extends profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand, concerns regarding lower thermal resistance and volatility in raw material prices are expected to obstruct market growth. Difficulty in usage of hard-to-bond substances is projected to challenge the hot melt adhesive (HMA) market in the forecast period of 2021-2028.
This hot melt adhesive (HMA) market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on hot melt adhesive (HMA) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Hot Melt Adhesive (HMA) Market Scope and Market Size
The hot melt adhesive (HMA) market is segmented on the basis of resin type and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of resin type, the hot melt adhesive (HMA) market is segmented into ethylene vinyl acetate, styrenic block copolymers, metallocene polyolefin, amorphous polyalphaolefins, polyolefins, polyamides, polyurethane and others.
- On the basis of application, the hot melt adhesive (HMA) market is segmented into packaging solutions, nonwoven hygiene products, furniture & woodwork, bookbinding and others.
Global Hot Melt Adhesive (HMA) Market Country Level Analysis
The hot melt adhesive (HMA) market is analyzed and market size, volume information is provided by country, resin type and application as referenced above.
The countries covered in the global hot melt adhesive (HMA) market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the hot melt adhesive (HMA) market due to the expansion of the packaging manufacturing base and increasing demand for non-woven products within the region. North America is expected to witness significant growth during the forecast period of 2021 to 2028 because of some of the largest packaging manufacturers in the region.
The country section of the hot melt adhesive (HMA) market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Hot Melt Adhesive (HMA) Market Share Analysis
The hot melt adhesive (HMA) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to hot melt adhesive (HMA) market.
The major players covered in the hot melt adhesive (HMA) market report are Arkema Group, 3M, AVERY DENNISON CORPORATION, Beardow Adams, Dow, H.B. Fuller Company, Henkel Adhesives Technologies India Private Limited, Jowat SE, Sika AG, TEX YEAR INDUSTRIES INC, Adhesive Direct UK, ADTEK Consolidated Sdn Bhd, Stage GmbH & Co. KG, CHENG TAI INDUSTRIAL TECHNOLOGY CO., LTD, Daubert Chemical Company, Evans Adhesive Corporation, Ltd, EVONIK, KLEBCHEMIE M. G. Becker GmbH & Co. KG among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.