Hot melt adhesive, or also known as hot glue, is a form of thermoplastic adhesive that is commonly sold as solid cylindrical sticks of various diameters designed to be applied using a hot glue gun. These are used for bonding fusible interlinings, in seam and hem sealing, fabric lamination, and a variety of other textile applications. Ethylene-vinyl acetate (EVA) copolymers, low-performance, the low-cost and most common material for the glue sticks these are the some base materials of hot-melt adhesives.
Hot Melt Adhesives Market: Key Players
The research study includes profiles of leading companies operating in the global hot melt adhesives market. Key players profiled in the report include: Henkel AG & Co., KGaA, Arkema Group, H.B. Fuller, Ashland, Inc., Sika AG, 3M Company, Jowat Klebstoffe, Palmetto Adhesives Company, Dow Consumer Solutions, and Others.
Drivers for the Global Hot Melt Adhesives Market:
Growing adhesives market demand, increasing demand from the paper, board, and packaging industry, across the globe, increasing demand from the packaging and non-woven products application these are the some driving factors for the global hot melt adhesives market.
Opportunities for the Global Hot Melt Adhesives Market:
Similarly, intensifying product usage across various industries, increasing adoption of bio-based hot-melt adhesives, and increasing demand of hot-melt adhesives from the automotive and packaging industries creates the huge opportunity for the global hot melt adhesives market.
Restrains for the Global Hot Melt Adhesives Market:
But, on another side, growing in adoption of environment friendly alternative products, and difficulty in usage on hard-to-bond substances hamper the overall growth of the global hot melt adhesives market.
Region Wise, Global Hot Melt Adhesives Market Analysis:
Report covers the region wise analysis, global hot melt adhesives can be segmented into North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Among all, Asia Pacific leads the global hot melt adhesives share because growing rapidly expanding packaging manufacturing base in this region along with rapidly increasing demand for nonwoven products. Asia Pacific region is followed by North America and Europe.
Covid-19: Impact and Recovery Analysis for Global Hot Melt Adhesives Market:
The world is greatly affected by the uncertain raise of the covid-19 Pandemic among the population. The Corona virus outbreak has disrupted & disturbed every sector of business as well as human activity. In most parts of the world there has been a complete restriction set by governments regarding various activities and in turn this is greatly affecting the financial stability of industries like: Hot Melt Adhesives market globally. The demand for HMAs from the packaging industry in the various regions is growing in 2020 due to the COVID-19 pandemic. There is significant uptick in demand for packaged food & beverages. All of this done because of sudden shift in consumers’ buying patterns after the announcement of the government-enforced lockdown in the country.
Global Hot Melt Adhesives Market: Product analysis
Global Hot Melt Adhesives Market: Application analysis
- Packaging Solutions
- Nonwoven Hygiene Products
- Furniture & Woodwork
Global Hot Melt Adhesives Market: Region analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of L.A.
- Middle East and Africa
- South Africa
- Rest of Middle East