Press Release

Visiongain Ltd.

Hot Melt Adhesives Market Report up to 2031

July 1st, 2021 12:00 AM

Visiongain has launched a new report Hot Melt Adhesives Market Report 2021-2031Forecasts by Resin (Ethylene Vinyl Acetate (EVA), Styrene Block Copolymers (SBC), Polyolefins, Polyurethane (PU), Others), by Application (Packaging, Assembly, Woodworking, Automotive, Nonwovens, Others), AND Regional and Leading National Market Analysis PLUS Analysis of Leading Hot Melt Adhesives Companies AND COVID-19 Recovery Scenarios.

Rising demand for corrugated packaging and nonwoven hygiene products is expected to give hot melt adhesives a potential opportunity over the forecast period. Hot melt adhesives (HMAs) do not need drying or curing, unlike solvent based adhesives or water-based adhesives. They can be used in their molten state and can therefore be bonded directly after the order, giving them the distinct advantage of quicker processing times in different applications, including woodworking, electronic and medical assembly, manufacturing, textiles, and packaging.

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Penetration of Hot Melt Adhesives in DIY Applications
Hot melt adhesives can bind to a wide range of materials and surfaces that make them ideal for DIY applications, such as ceramic, cloth, paper, cardboard, metal, and plastics. In contrast to developing markets, the DIY solution is very popular in the United States and European countries, where labour and installation costs are high. The DIY applications include art, woodworking, packaging of general products, among others. Because of its ease of use and the availability of hot melt adhesives guns, the stick type of hot melt adhesives is commonly used in these applications.

What are the Market Dynamics in Hot Melt Adhesives Industry?

Market Drivers
• Increasing Demand for Hot Melt Adhesives in Different DIY Applications
• Advantages of Hot Melt Adhesives over other Adhesive Technologies
• Increasing Adoption in Cigarette Manufacturing

Market Restraints
• Volatile Raw Material Prices
• Hot Melt Adhesives are not Biodegradable
• High Cost as Compared to Alternatives

Market Opportunities
• Increasing Adoption in Road Marking Materials
• Increasing Adoption in Nonwoven Products
• Increasing Applications of Hot Melt Adhesives in Printing and Packaging Labels

Market Challenges
• Substitutes to Hot Melt Adhesives
• Operational Challenges of Hot Melt Adhesives
• Process Challenges in Textile Backsheet Lamination

Get Detailed TOC @ https://www.visiongain.com/report/hot-melt-adhesives-market-2021/#download_sampe_div

Hot melt adhesives have faster strength & speed of bonding and are environmentally friendly. As a result of the COVID-19 pandemic, which has led to the shutdown of manufacturing operations, governments across the globe have imposed lockdowns in major economies. As the product demand from manufacturing, automotive, and packaging applications is likely to take a severe hit, this is likely to impede market growth. However, the gradual rise in demand for packaged food & beverages in 2020 has contributed to an upward trend in the packaging industry in terms of product demand.

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The global hot melt adhesives industry is highly competitive in nature as large number of well-established manufacturers are operating in developed as well as developing economies. Some key players are Arkema, 3M, Avery Dennison Corporation, Beardow Adams, DOW, HB Fuller Company, Henkel AG & Co. KGaA, Jowat SE, Sika AG, and Tex Year Industries. Manufacturers operating in this industry are adopting mergers & acquisitions, production expansion, new product development, collaboration, agreement, research & development, and facility expansion in order to form strategies in order to increase their geographical reach and capture untapped potential in developing economies.

Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongain.com or call her on +44 (0) 20 7549 9987.

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About Visiongain
Visiongain is one of the fastest-growing and most innovative independent market research company in Europe, the company comprises over 400+ analysts and consultants, adding more than 1400 market research reports to its vast database each year. These reports offer in-depth analysis on 18 industries worldwide. With the help of an interactive market intelligence platform, Visiongain produces a host of business-to-business reports focusing on the automotive, aviation, chemicals, cyber, defense, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. 

Contact:

Sara Peerun
Commercial Director
Visiongain Inc.
Tel: + 44 207 549 9987
USA Tel: 00 1 718 682 4567
EU Tel: 00 353 1 695 0006
Email: sara.peerun@visiongain.com
Web: https://www.visiongain.com/
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SOURCE Visiongain Limited.

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