The global hot melt adhesives market size was valued at USD 7.37 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 4.8% from 2021 to 2028. Increasing usage of hot glue adhesives in the packaging industry for various applications such as sealing of boxes and cartons for food and general consumer packaging is propelling the market growth. Hot melt adhesives (HMAs) offer adhesion to a wide variety of materials and surfaces, such as fabric, papers, ceramic, metal, cardboard, and plastics, which makes them suitable for DIY applications. Although DIY is leading in developed economies such as North America and Europe, it is a relatively new concept. The DIY applications include craft, general goods packaging, and wood working.

The U.S. is a prominent manufacturer and consumer of hot melt adhesives. The product demand increased drastically on account of the lockdown that occurred due to the COVID-19 outbreak. The shutdown led to the growth of e-commerce product delivery services, which augmented both production and consumption activities as hot melt adhesives are widely used in the packaging of parcel boxes.

Gather more insights about the market drivers, restrains and growth of the Global Hot Melt Adhesives Market

Hot Melt Adhesives Market Report Highlights

• By application, the packaging segment captured the largest revenue share of more than 30.0% in 2020. This is attributed to the increasing consumption of adhesives for packing box sealing of various commodities, such as beverages, cooking oils, and bakery
• By product, the Ethylene-vinyl Acetate (EVA) segment accounted for the largest volume share of more than 40.0% in 2020 owing to its growing deployment in the consumer goods industry as it is used in padding the equipment for various purposes, such as hockey pads, fishing rods, and gloves
• Asia Pacific dominated the market with a revenue share of more than 45.0% in 2020. Growing business opportunities in the adhesives industry, coupled with an increasing demand for nonwoven products in the region, is anticipated to drive the demand for hot melt adhesives in the forecast period
• North America is expected to exhibit a CAGR of 4.3%, in terms of revenue, from 2021 to 2028. The presence of some of the largest packaging manufacturers, such as Ball Corporation, International Paper, and Owens-Illinois, is expected to drive the market

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Segments Covered in the Report

Grand View Research has segmented the global hot melt adhesives market on the basis of product, application, and region:

Hot Melt Adhesives Product Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

• Ethylene-vinyl Acetate (EVA)
• Polyurethane
• Rubber
• Polyolefin
• Others

Hot Melt Adhesives Application Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

• Packaging
• Assembly
• Woodworking
• Automotive
• Nonwovens
• Others

Hot Melt Adhesives Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • France
  • K.
  • Germany
  • Italy
  • Spain
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
• Central & South America
  • Brazil
  • Colombia
  • Argentina
• Middle East & Africa
  • GCC

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