Hot-Melt Adhesives Market Analysis, Revenue, Price, Market Share, Growth Rate, Forecast by 2023

  • Carol Callahan
    Carol Callahan
  • May 18, 2019
  • Comments Off on Hot-Melt Adhesives Market Analysis, Revenue, Price, Market Share, Growth Rate, Forecast by 2023

360 MARKET UPDATES Report provides a 360-degree overview of the global Hot-Melt Adhesives Market with special emphasis on all aspects including drivers, restraints, and opportunities, market and regional segmentation.

Hot-Melt Adhesives

Report Title: “Global Hot-Melt Adhesives Market – Segmented by Resin Type, End-user Industry, and Geography – Growth, Trends and Forecast (2018 – 2023)”

Global “Hot-Melt Adhesives Market” is expected to register a CAGR of approximately XX% during the forecast period of (2018 – 2023). Also, Hot-Melt Adhesives Market report provides the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Hot-Melt Adhesives Analysis.

Hot-Melt Adhesives market Report provides a 360-degree overview of the global Hot-Melt Adhesives market with special emphasis on all aspects including drivers, restraints, and opportunities, market and regional segmentation.

Hot-Melt Adhesives Market Report Covers Leading Manufacturers: 3M Co., AdCo UK Limited, Adhesive Technologies Inc. (AdTech), Aerocoll Chemie GmbH, Alfa International Corporation, Arkema Group (Bostik SA), Avery Dennison Corp., Beardow & Adams (Adhesives) Ltd, BÜHNEN (Germany), Collano Adhesives AG, DELO Industrial Adhesives, Dow Chemical Co., Drytac, Franklin International, H.B. Fuller Co., Helmitin Adhesives, Henkel AG & Co. KGaA, Hexcel Corporation, Hexion, Huntsman Corp., Jowat AG, KMS Adhesives, LORD Corp., Mactac, Mapei Spa, Master Bond, Paramelt B.V, Pidilite Industries Ltd., Sika AG, Super Glue Corp., Wacker Chemie AG, Wisdom Adhesives Worldwide.

Get Sample PDF of Report –

The global hot-melt adhesives market is expected to register a moderate CAGR during the forecast period, 2018-2023. The Asia-Pacific region is estimated to lead the market, owing to its rapid increase in the production of automotive and packaging applications. The thermoplastic polyurethane segment is expected to be the fastest-growing segment, by resin type.

Growth in Automotive Production

The automotive industry employs hot-melt adhesives for a host of applications, including bonding insulating and cushioning materials, bonding headlight, fixing cables in the roof liner, bond door sill protectors, and other plastic parts and for wheel covers. They can also be used to bond emblems, as well as anchor plates onto gear knobs. The application of adhesive bonding enables a significant weight reduction of the vehicle, an increase of the body stiffness, improved crash performance/safety, and enhanced NVH characteristics, as compared to conventional joining technologies. With increased emphasis on fuel efficiency and vehicular emission control, the reduction of vehicle body weight is gaining widespread importance throughout the world. According to the European Automobile Manufacturers Association, automotive production in Europe grew by 3.1% YoY in 2017 over 2016, reaching a total of 22,161,107 vehicles. In 2017, the Indian automotive industry grew by 5.83%. Between FY 2006-2017, the passenger vehicle segment witnessed the fastest growth, registering a CAGR of around 10%. The Automotive Mission Plan 2016-26 (AMP 2026) targets a fourfold growth in the automotive industry. The Chinese government is planning to introduce more than 1 million electric vehicles by 2020, which is further expected to drive the market for hot-melt adhesives in the country. United States is one of the largest automotive manufacturing countries in the world. Light vehicle production in the country reached almost 12 million in 2016, while sales peaked to 17.5 million units during the same year. Furthermore, the country exported around 2 million new light weight vehicles in 2016, valued at USD 57 billion, with additional exports of automotive parts valued at around USD 80 million.

Thermoplastic Polyurethane – The Fastest-growing Resin Type

Thermoplastic polyurethane hot melts are the new entrants into the market. They are characterized by superior flexibility, high strength, and ability to withstand temperature and moisture. These properties make them an excellent choice for application in extreme weather conditions and on several difficult-to-bond substrates. Thermoplastic polyurethane hot-melt adhesives form a strong bond, as the chemicals in the glue absorb moisture and typically need an entire day to cure. These hot melts solidify through moisture in the air to form a super strong bond that does not re-melt. Growth in the market over the next few years is expected to be driven by the growing product penetration in new application markets, product differentiation, and innovations. Furthermore, the shifting focus toward thermoplastic polyurethane hot-melt adhesives that are bio-based, is expected to offer numerous opportunities for the growth of the market. The growing automotive industry is a major consumer of thermoplastic polyurethane hot-melt adhesives. The automotive industry is driven by the huge demand worldwide. Along with the automotive and electronics industries, the footwear industry is also witnessing high demand for thermoplastic polyurethane hot-melt adhesives. Developments in different types of footwear, materials, processes, and variations according to seasonal changes, drive the demand for thermoplastic polyurethane hot-melt adhesives with superior qualities.

Asia-Pacific Region to Lead the Market

China’s transport ministry and National Development and Reform Commission (NDRC) have planned to invest USD 724 billion during the period 2016-2018 to construct 303 key transportation projects including railways, highways, waterways, airports, and urban rail. Under the 13th five year plan (2016-2020), the Chinese government is planning for infrastructure development of 30,000 km of railway lines and 30,000 km of expressways. The production of light vehicles in China recorded a growth of 1.6% YoY and reached a total of 24,806,687 units in 2017. The production of trucks in China recorded a growth of 28.5% YoY and reached a total of 2,257,562 units in 2017. The Indian government has declared a target of USD 376.5 billion investment in infrastructure over a period of three years, including USD 120.5 billion for developing 27 industrial groups, and USD 75.3 billion for road, railway, and port connectivity projects. In 2017, more than 4.78 million units of vehicles were produced in India. Production of passenger vehicles (PV) and light commercial vehicles (LCV), had growth rates of 6.6%, and 8.2% respectively in FY 2017 over FY 2016. The South Korean hot-melt adhesives market was boosted due to the 2018 Winter Olympic Games in the Pyeongchang, Gangwon province, as the government invested USD 10.8 billion for the construction of new stadiums and other associated infrastructure.

Order a Copy Of Hot-Melt Adhesives Market Report

Reasons to Purchase Hot-Melt Adhesives Market Report:

  • Identification of key factors instrumental in changing the market scenario, exploiting new opportunities, and gaining a competitive edge. 
  • Analysing various perspectives of the market with the help of Porter’s five forces analysis.
  • The authentication mode is likely to witness the highest adoption of these systems in the market.
  • The regions that are expected to witness the fastest growth during the forecast period.
  • The SWOT analysis for key players and a detailed study of their current strategic interests and key financial performance indicators.
  • 3 months’ analyst support along with the Market Estimate sheet (in excel). 

“We also can offer customized report to fulfill special requirements of our clients. Regional and Countries report can be provided as well.”

About 360 Market Updates:

360 Market Updates is the credible source for gaining the market reports that will provide you with the lead your business needs. At 360 Market Updates, our objective is providing a platform for many top-notch market research firms worldwide to publish their research reports, as well as helping the decision makers in finding most suitable market research solutions under one roof. Our aim is to provide the best solution that matches the exact customer requirements. This drives us to provide you with custom or syndicated research reports.

Contact Us:

Name: Mr. Ajay More

Email: [email protected]

Organization: 360 Market Updates

Phone: +14242530807/+44 203 239 8187

Carol Callahan