HOME Top Market Reports Hot Melt Adhesives Market by Product Type (EVA, SBC, APAO & POE, PU), by Application (Packaging, Non-Woven/Disposables, Pressure Sensitive Applications & Construction), by Region (North America, Europe, Asia-Pacific, & Row) - Global Trends & Forecast to 2020

Hot Melt Adhesives Market by Product Type (EVA, SBC, APAO & POE, PU), by Application (Packaging, Non-Woven/Disposables, Pressure Sensitive Applications & Construction), by Region (North America, Europe, Asia-Pacific, & Row) - Global Trends & Forecast to 2020

By: marketsandmarkets.com
Publishing Date: January 2016
Report Code: CH 3369

 

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The global hot melt adhesive market is projected to be worth USD 9.64 Billion by 2020, registering a CAGR of 5.73% between 2015 and 2020. In this study, 2013 has been considered as the historical year and 2014 as the base year for estimating market size of hot melt adhesives. The report aims at estimating the market size and future growth potential of hot melt adhesives market across different segments such as product type, application, and region. The base year considered for the study is 2014 and the market size is forecasted from 2015 to 2020. The booming packaging and non-woven disposables markets are driving the hot melt adhesive market. The population growth in the world is expected to increase at a steady rate. The consumption of food and healthcare products are proportionally expected to increase with the rise in population. Hence, the consumption of packaged food products has increased in the last few years with changing lifestyles.

In the secondary research process, different sources have been referred to identify and collect information for this study. These secondary sources include annual reports, press releases, and investor presentations of companies, white papers, and certified publications, articles from recognized authors. In the primary research process, sources from both supply and demand sides have been interviewed to obtain qualitative and quantitative information for this report. The bottom-up approach has been used to estimate market size of hot melt adhesives product type, application, and regions, in terms of value. The top-down approach has been implemented to validate the hot melt adhesive market size, in terms of value. With the data triangulation procedure and validation of data through primaries, the exact values of the overall parent market size and individual market sizes have been determined and confirmed in this study.

Below is the figure showing break-up of profile of primary discussion participants.

Hot Melt Adhesives Market

Hot melt adhesives is a combination of different raw materials (ethylene, block polymers, vinyl acetate, petrochemical resins, and solvents). These raw materials available in the hot melt adhesive market are supplied by major companies such as the Teknor Apex (Taiwan), Westlake Chemical (U.S.), and Lee Chang Yung Chemical Industry Corp (India) to the hot melt adhesives manufacturers such as, The 3M Company (U.S.), Ashland Inc. (U.S.), Bostik S.A. (France), Dow Corning (U.S.), and H.B. Fuller Company (U.S.) among others.

This study answers several questions for the stakeholders, primarily which market segments to focus in next two to five years for prioritizing the efforts and investments. These stakeholders include hot melt adhesives manufacturers such as The 3M Company (U.S.), Ashland Inc. (U.S.), Bostik S.A. (France), Dow Corning (U.S.), H.B. Fuller Company (U.S.), Henkel AG & Company (Germany), Jowat AG (Germany), Sika AG (Switzerland), and Toyobo Co., Ltd. (Japan),among others.

Scope of the Report:

In the research report the hot melt adhesive market is categorized based on product type, application industry, and region and forecasts revenue growth and analysis of trends in each of the submarkets.

On the basis of product type:

  • Ethylene-Vinyl Acetate (EVA)
  • Styrenic Block Copolymers (SBC)
  • Amorphous Poly-Alpha olefin (APAO) & Polyolefin Elastomers (POE)
  • Polyurethane (PU)
  • Polyamide
  • Others

On the basis of application industry:

  • Packaging
  • Non-woven/disposables
  • Pressure sensitive applications
  • Construction & furniture
  • Book binding
  • Others

On the basis of region:

  • Asia-Pacific
  • North America
  • Europe
  • RoW

Available Customizations: The following customization options are available in the report:

  1. Company Information

Analysis and profiling of additional global as well as regional hot melt adhesive market players (Up to 3)

  1. Country Information

Market analysis for additional countries

  1. Pricing Analysis

Detailed pricing analysis for each type of hot melt adhesive products

Table of Contents

1 Introduction (Page No. - 16)
    1.1 Objectives of the Study
    1.2 Hot Melt Adhesive Market Definition
    1.3 Scope of the Market
           1.3.1 Markets Covered
           1.3.2 Years Considered in the Report
    1.4 Currency & Pricing
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primary Interviews
    2.2 Hot Melt Adhesive Market Size Estimation
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 29)

4 Premium Insights (Page No. - 33)
    4.1 Growth Opportunities in Hot Melt Adhesive Market
    4.2 HMAS Market – Major Types
    4.3 Market Share, By Type & Region
    4.4 Market, By Application
    4.5 Life Cycle Analysis, By Region

5 Market Overview (Page No. - 38)
    5.1 Introduction
    5.2 Segmentation
           5.2.1 By Product Type
           5.2.2 By Application
           5.2.3 Hot Melt Adhesive Market, By Region
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Broad Spectrum of End-Use Industries
                    5.3.1.2 HMAS are Replacing Other Adhesive Technologies
                    5.3.1.3 High Demand of Adhesives in Asia-Pacific
           5.3.2 Restraints
                    5.3.2.1 Volatility in Raw Material Prices
                    5.3.2.2 Fluctuating Economic Cycles
           5.3.3 Opportunities
                    5.3.3.1 Booming Packaging and Non-Woven Disposables Market in Asia-Pacific
           5.3.4 Winning Imperatives
                    5.3.4.1 Increasing Focus on Growth and Consolidation
                    5.3.4.2 Innovative Product Development to Enhance Bonding Performance

6 Industry Trends (Page No. - 46)
    6.1 Introduction
    6.2 Value Chain Analysis
           6.2.1 Raw Material Suppliers for Polymer Base & Additives
           6.2.2 Hot Melt Adhesives Manufacturers
           6.2.3 Suppliers & Distributors
           6.2.4 End-Use Industries
    6.3 Porter’s Five forces Analysis
           6.3.1 Bargaining Power of Suppliers
           6.3.2 Threat of New Entrants
           6.3.3 Threat of Substitutes
           6.3.4 Bargaining Power of Buyers
           6.3.5 Intensity of Rivalry

7 Hot Melt Adhesive Market, By Product Type (Page No. - 51)
    7.1 Introduction
    7.2 Ethylene Vinyl Acetate
    7.3 Styrenic Block Copolymers
    7.4 Amorphous Poly Alpha Olefin (APAO) and Polyolefin Elastomer (POE).
    7.5 Polyurethanes
    7.6 Polyamide
    7.7 Others

8 HMAS Market, By Application (Page No. - 67)
    8.1 Introduction
    8.2 Packaging
    8.3 Non-Woven/Disposables
    8.4 Pressure-Sensitive Applications
    8.5 Construction & Furniture
    8.6 Bookbinding
    8.7 Others

9 Hot Melt Adhesive Market, By Region (Page No. - 82)
    9.1 Introduction
    9.2 North America
           9.2.1 U.S.
           9.2.2 Canada
           9.2.3 Mexico
    9.3 Europe
           9.3.1 Germany
           9.3.2 France
           9.3.3 U.K.
           9.3.4 Italy
           9.3.5 Rest of Europe
    9.4 Asia-Pacific
           9.4.1 China
           9.4.2 Japan
           9.4.3 India
           9.4.4 South Korea
           9.4.5 Rest of Asia-Pacific
    9.5 RoW
           9.5.1 Middle East
           9.5.2 Brazil
           9.5.3 South Africa
           9.5.4 Other Countries in RoW

10 Competitive Landscape (Page No. - 133)
     10.1 Overview
     10.2 Competitive Situations & Trends
             10.2.1 New Product Launches
             10.2.2 Expansions
             10.2.3 Acquisitions
             10.2.4 Agreements

11 Company Profiles (Page No. - 138)
     11.1 Introduction
     11.2 The 3M Company
             11.2.1 Business Overview
             11.2.2 Products Offered
             11.2.3 Recent Developments
             11.2.4 SWOT Analysis
             11.2.5 MnM View
     11.3 Henkel AG
             11.3.1 Business Overview
             11.3.2 Products Offered
             11.3.3 Recent Developments
             11.3.4 SWOT Analysis
             11.3.5 MnM View
     11.4 Avery Dennison Corporation
             11.4.1 Business Overview
             11.4.2 Products Offered
             11.4.3 Recent Developments
             11.4.4 SWOT Analysis
             11.4.5 MnM View
     11.5 Ashland Inc.
             11.5.1 Business Overview
             11.5.2 Products Offered
             11.5.3 Recent Developments
             11.5.4 SWOT Analysis
             11.5.5 MnM View
     11.6 H. B. Fuller Company
             11.6.1 Business Overview
             11.6.2 Products Offered
             11.6.3 Recent Developments
             11.6.4 SWOT Analysis
             11.6.5 MnM View
     11.7 DOW Corning Corporation
             11.7.1 Business Overview
             11.7.2 Products Offered
             11.7.3 Recent Developments
             11.7.4 SWOT Analysis
             11.7.5 MnM View
     11.8 Huntsman Corporation
             11.8.1 Business Overview
             11.8.2 Products Offered
             11.8.3 Recent Developments
     11.9 Sika AG
             11.9.1 Business Overview
             11.9.2 Products Offered
             11.9.3 Recent Developments
     11.10 Hexcel Corporation
             11.10.1 Business Overview
             11.10.2 Products Offered
             11.10.3 Recent Developments
     11.11 Toyobo Co. Ltd
             11.11.1 Business Overview
             11.11.2 Products Offered
             11.11.3 Recent Developments
     11.12 American Chemical Inc.
             11.12.1 Business Overview
             11.12.2 Products Offered
             11.12.3 MnM View
     11.13 Beardow & Adams (Adhesives) Ltd.
             11.13.1 Business Overview
             11.13.2 Products Offered
             11.13.3 Recent Developments
             11.13.4 MnM View
     11.14 Bostik Inc.
             11.14.1 Business Overview
             11.14.2 Products Offered
             11.14.3 Recent Developments
             11.14.4 MnM View
     11.15 Costchem SRL
             11.15.1 Business Overview
             11.15.2 Products Offered
     11.16 Dynea OY
             11.16.1 Business Overview
             11.16.2 Products Offered
             11.16.3 Recent Developments
     11.17 Evans Adhesive Corporation Ltd.
             11.17.1 Business Overview
             11.17.2 Products Offered
     11.18 Jowat AG
             11.18.1 Business Overview
             11.18.2 Products Offered
             11.18.3 Recent Developments
     11.19 Wisdom Adhesives
             11.19.1 Business Overview
             11.19.2 Products Offered
             11.19.3 Recent Developments
     11.20 Worthen Industries, Inc.
             11.20.1 Business Overview
             11.20.2 Products Offered

12 Appendix (Page No. - 180)
     12.1 Recent Developments
     12.2 Discussion Guide
     12.3 Introducing RT: Real Time Market Intelligence
     12.4 Available Customizations
     12.5 Related Reports


List of Tables (128 Tables)

Table 1 Hot Melt Adhesive Market Segmentation: By Product Type
Table 2 HMAS Market, By Application
Table 3 Market Size, By Type, 2013-2020 (USD Million)
Table 4 Market Size, By Type, 2013-2020 (Kiloton)
Table 5 EVA HMAS Market Size, By Region 2013-2020 (USD Million)
Table 6 EVA HMAS Market Size, By Region, 2013-2020 (Kiloton)
Table 7 SBC HMAS Market Size, By Region, 2013-2020 (USD Million)
Table 8 SBC HMAS Market Size, By Region, 2013-2020 (Kiloton)
Table 9 APAO and POE Hot Melt Adhesive Market Size, By Region, 2013-2020 (USD Million)
Table 10 APAO and POE HMAS Market Size, By Region, 2013-2020 (Kiloton)
Table 11 Polyurethane Hot Melt Adhesive Market Size, By Region, 2013-2020 (USD Million)
Table 12 Polyurethane HMAS Market Size, By Region, 2013-2020 (Kiloton)
Table 13 Polyamide HMAS Market Size, By Region, 2013-2020 (USD Million)
Table 14 Polyamide HMAS Market Size, By Region, 2013-2020 (Kiloton)
Table 15 Other Market Size, By Region, 2013-2020 (USD Million)
Table 16 Other Market Size, By Region, 2013-2020 (Kiloton)
Table 17 Market Size, By Application, 2013-2020 (USD Million)
Table 18 Market Size, By Application, 2013-2020 (Kiloton)
Table 19 Market Size in Packaging, By Region, 2013-2020 (USD Million)
Table 20 Market Size in Packaging, By Region, 2013-2020 (Kiloton)
Table 21 Market Size in Non-Woven/Disposables, By Region, 2013-2020 (USD Million)
Table 22 Market Size in Non-Woven/Disposables, By Region, 2013-2020 (Kiloton)
Table 23 Market Size in Pressure-Sensitive, By Region, 2013-2020 (USD Million)
Table 24 Hot Melt Adhesive Market Size in Pressure-Sensitive, By Region, 2013-2020 (Kiloton)
Table 25 Market Size in Construction & Furniture, By Region, 2013-2020 (USD Million)
Table 26 HMAS Market Size in Construction & Furniture, By Region, 2013-2020 (Kiloton)
Table 27 Market Size in Bookbinding, By Region, 2013-2020 (USD Million)
Table 28 Market Size in Bookbinding, By Region, 2013-2020 (Kiloton)
Table 29 Market Size in Other Applications, By Region, 2013-2020 (USD Million)
Table 30 Market Size in Other Applications, By Region, 2013-2020 (Kiloton)
Table 31 Market Size, By Region, 2013–2020 (USD Million)
Table 32 Hot Melt Adhesive Market Size, By Region, 2013-2020 (Kiloton)
Table 33 North America: HMAS Market Size, By Country, 2013-2020 (USD Million)
Table 34 North America: Market Size, By Country, 2013-2020 (Kiloton)
Table 35 North America: Market Size, By Type, 2013-2020 (USD Million)
Table 36 North America: Market Size, By Type, 2013-2020 (Kiloton)
Table 37 North America: Market Size, By Application, 2013-2020 (USD Million)
Table 38 North America: Market Size, By Application, 2013-2020 (Kiloton)
Table 39 U.S.: Market Size, By Type, 2013-2020 (USD Million)
Table 40 U.S.: Size, By Type, 2013-2020 (Kiloton)
Table 41 U.S.: Size, By Application, 2013-2020 (USD Million)
Table 42 U.S.: Market Size, By Application, 2013-2020 (Kiloton)
Table 43 Canada: Hot Melt Adhesive Market Size, By Type, 2013-2020 (USD Million)
Table 44 Canada: Market Size, By Type, 2013-2020 (Kiloton)
Table 45 Canada: Market Size, By Application, 2013-2020 (USD Million)
Table 46 Canada: Market Size, By Application, 2013-2020 (Kiloton)
Table 47 Mexico: HMAS Market Size, By Type, 2013-2020 (USD Million)
Table 48 Mexico: Market Size, By Type, 2013-2020 (Kiloton)
Table 49 Mexico: Market Size, By Application, 2013-2020 (USD Million)
Table 50 Mexico: Market Size, By Application, 2013-2020 (Kiloton)
Table 51 Europe: Market Size, By Country, 2013-2020 (USD Million)
Table 52 Europe: Market Size, By Country, 2012–2019 (Kiloton)
Table 53 Europe: Market Size, By Type, 2013-2020 (USD Million)
Table 54 Europe: Market Size, By Type, 2013-2020 (Kiloton)
Table 55 Europe: HMAS Market Size, By Application, 2013-2020 (USD Million)
Table 56 Europe: Market Size, By Application, 2013-2020 (Kiloton)
Table 57 Germany: Hot Melt Adhesive Market Size, By Type, 2013-2020 (USD Million)
Table 58 Germany: HMAS Market Size, By Type, 2013-2020 (Kiloton)
Table 59 Germany: Market Size, By Application, 2013-2020 (USD Million)
Table 60 Germany: Market Size, By Application, 2013-2020 (Kiloton)
Table 61 France: Market Size, By Type, 2013-2020 (USD Million)
Table 62 France: Market Size, By Type, 2013-2020 (Kiloton)
Table 63 France: Market Size, By Application, 2013-2020 (USD Million)
Table 64 France: Market Size, By Application, 2013-2020 (Kiloton)
Table 65 U.K.: HMAS Market Size, By Type, 2013-2020 (USD Million)
Table 66 U.K.: Market Size, By Type, 2013-2020 (Kiloton)
Table 67 U.K.: Market Size, By Application, 2013-2020 (USD Million)
Table 68 U.K.: Market Size, By Application, 2013-2020 (Kiloton)
Table 69 Italy: Market Size, By Type, 2013-2020 (USD Million)
Table 70 Italy: Hot Melt Adhesive Market Size, By Type, 2013-2020 (Kiloton)
Table 71 Italy: HMAS Market Size, By Application, 2013-2020 (USD Million)
Table 72 Italy: Market Size, By Application, 2013-2020 (Kiloton)
Table 73 Rest of Europe: Market Size, By Type, 2013-2020 (USD Million)
Table 74 Rest of Europe: Market Size, By Type, 2013-2020 (Kiloton)
Table 75 Rest of Europe: Market Size, By Application, 2013-2020 (USD Million)
Table 76 Rest of Europe: HMAS Market Size, By Application, 2013-2020 (Kiloton)
Table 77 Asia-Pacific: Hot Melt Adhesive Market Size, By Country, 2013-2020 (USD Million)
Table 78 Asia-Pacific: Market Size, By Country, 2013-2020 (Kiloton)
Table 79 Asia-Pacific: Market Size, By Type, 2013-2020 (USD Million)
Table 80 Asia-Pacific: Market Size, By Type, 2013-2020 (Kiloton)
Table 81 Asia-Pacific: Market Size, By Application, 2013-2020 ($Million)
Table 82 Asia-Pacific Hot Melt Adhesive Market Size, By Application, 2013-2020 (Kiloton)
Table 83 China: Market Size, By Type, 2013-2020 (USD Million)
Table 84 China: HMAS Market Size, By Type, 2013-2020 (Kiloton)
Table 85 China: Market Size, By Application, 2013-2020 (USD Million)
Table 86 China: Market Size, By Application, 2013-2020 (Kiloton)
Table 87 Japan: Market Size, By Type, 2013-2020 (USD Million)
Table 88 Japan: Market Size, By Type, 2013-2020 (Kiloton)
Table 89 Japan: Market Size, By Application, 2013-2020 (USD Million)
Table 90 Japan: Market Size, By Application, 2013-2020 (Kiloton)
Table 91 India: Hot Melt Adhesive Market Size, By Type, 2013-2020 (USD Million)
Table 92 India: HMAS Market Size, By Type, 2013-2020 (Kiloton)
Table 93 India: Market Size, By Application, 2013-2020 (USD Million)
Table 94 India : Market Size, By Application, 2013-2020 (Kiloton)
Table 95 South Korea: Market Size, By Type, 2013-2020 (USD Million)
Table 96 South Korea: Market Size, By Type, 2013-2020 (Kiloton)
Table 97 South Korea: Market Size, By Application, 2013-2020 (USD Million)
Table 98 South Korea: Market Size, By Application, 2013-2020 (Kiloton)
Table 99 Rest of Asia-Pacific: Market Size, By Type, 2013-2020 (USD Million)
Table 100 Rest of Asia-Pacific: Market Size, By Type, 2013-2020 (Kiloton)
Table 101 Rest of Asia-Pacific: Market Size, By Application, 2013-2020 (USD Million)
Table 102 Rest of Asia-Pacific: Market Size, By Application, 2013-2020 (Kiloton)
Table 103 RoW: Market Size, By Country, 2013-2020 (USD Million)
Table 104 RoW: Market Size, By Country, 2013-2020 (Kiloton)
Table 105 RoW: Market Size, By Type, 2013-2020 (USD Million)
Table 106 RoW: Market Size, By Type, 2013-2020 (Kiloton)
Table 107 RoW: Market Size, By Application, 2013-2020 (USD Million)
Table 108 RoW: Market Size, By Application, 2013-2020 Kiloton)
Table 109 Middle East: Hot Melt Adhesive Market Size, By Type, 2013-2020 (USD Million)
Table 110 Middle East: Market Size, By Type, 2013-2020 (Kiloton)
Table 111 Middle East: Market Size, By Application, 2013-2020 (USD Million)
Table 112 Middle East: Market Size, By Application, 2013-2020 (Kiloton)
Table 113 Brazil: Market Size, By Type, 2013-2020 (USD Million)
Table 114 Brazil: Market Size, By Type, 2013-2020 (Kiloton)
Table 115 Brazil: Market Size, By Application, 2013-2020 (USD Million)
Table 116 Brazil: Market Size, By Application, 2013-2020 (Kiloton)
Table 117 South Africa: Market Size, By Type, 2013-2020 (USD Million)
Table 118 South Africa: Market Size, By Type, 2013-2020 (Kiloton)
Table 119 South Africa: HMAS Market Size, By Application, 2013-2020 (USD Million)
Table 120 South Africa: Market Size, By Application, 2013-2020 (Kiloton)
Table 121 Others: Hot Melt Adhesive Market Size, By Type, 2013-2020 (USD Million)
Table 122 Others: Market Size, By Type, 2013-2020 (Kiloton)
Table 123 Others: Market Size, By Application, 2013-2020 ( USD Million)
Table 124 Others: Market Size, By Application, 2013-2020 (Kiloton)
Table 125 New Product Launches, 2011–2015
Table 126 Expansions, 2011–2015
Table 127 Mergers & Acquisitions, 2011–2015
Table 128 Collaborations, 2011–2015


List of Figures (61 Figures)

Figure 1 Hot Melt Adhesive Market Segmentation
Figure 2 HMAS Market: Research Design
Figure 3 Breakdown of Primary Interviews: By Company Type, Designation & Region
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Data Triangulation Methodology
Figure 7 EVA HMAS are Expected to Drive the Global Hot Melt Adhesive Market
Figure 8 HMAS Regional Market Share (Volume), 2015
Figure 9 Asia-Pacific to Dominate EVA HMAS Market
Figure 10 Hot Melt Adhesive Market to Register A Moderate Growth Between 2015 & 2020
Figure 11 Polyurethane is Projected to Be the Fastest-Growing HMAS Type, Between 2015 & 2020
Figure 12 EVA Accounted for the Largest Share Followed By Styrenic Block Copolymers in Hot Melt Adhesive Market
Figure 13 Asia-Pacific is Estimated to Dominate the HMAS Market Share, By Application, 2015
Figure 14 Asia-Pacific is Estimated to Grow at A Higher Rate in Comparison With Other Regions
Figure 15 Hot Melt Adhesive Market Segmentation, By Region
Figure 16 HMAS Market: Market Dynamics
Figure 17 Value Chain Analysis of the HMAS Market
Figure 18 Porter’s Five forces Analysis for the HMAS Market
Figure 19 Classification of HMASz
Figure 20 EVA Had the Largest Market Size in the Hot Melt Adhesive Market
Figure 21 Asia-Pacific Dominates EVA Segment for the HMAS Market, 2014 vs 2020
Figure 22 Asia-Pacific to Be the Fastest-Growing Region for the SBC Market
Figure 23 Asia-Pacific to Register the Highest CAGR, 2015-2020
Figure 24 Asia-Pacific Led the Polyurethane Hot Melt Adhesive Market
Figure 25 Asia-Pacific Led the Polyamide HMAS Market, During the for ecast Period
Figure 26 Asia-Pacific Dominates the Others Market, During the for ecast Period
Figure 27 Hot Melt Adhesive Market Segmentation, By Application
Figure 28 Asia-Pacific Dominating Packaging Application (2015-2020)
Figure 29 Asia-Pacific Dominates the Non-Woven/Disposables Segment
Figure 30 Asia-Pacific is Projected to Witness the Highest CAGR (2015-2020)
Figure 31 Asia-Pacific to Be the Fastest-Growing Region for HMAS in the Construction & Furniture Application
Figure 32 Asia-Pacific is an Emerging Market for Bookbinding Application
Figure 33 Europe: the Second Largest Market for HMA in Other Applications
Figure 34 Asia-Pacific to Register the Fastest CAGR for All Major HMAS Applications, 2015-2020
Figure 35 The U.S., the Largest Market for HMA in North America
Figure 36 Hot Melt Adhesive Market Dominated By Sectors Related to Consumer Products
Figure 37 Asia-Pacific Hot Melt Adhesive Market Snapshot: China to Be the Most Lucrative Market
Figure 38 RoW Hot Melt Adhesive Market Scenario
Figure 39 New Product Launch: Leading Approach of Key Players
Figure 40 New Product Launch Fueled Growth of Hot Melt Adhesives Products From 2011 to 2015
Figure 41 New Product Launch: the Key Strategy, 2011-2015
Figure 42 Regional Revenue Mix of Leading Market Players
Figure 43 3M : Company Snapshot
Figure 44 Henkel AG: Company Snapshot
Figure 45 Avery Dennison Corporation :Company Snapshot
Figure 46 Ashland Inc.: Company Snapshot
Figure 47 H.B. Fuller Company: Company Snapshot
Figure 48 DOW Corning: Company Snapshot
Figure 49 Huntsman Corporation: Company Snapshot
Figure 50 Sika AG: Company Snapshot
Figure 51 Hexcel Corporation: Company Snapshot
Figure 52 Toyobo. Co. Ltd : Company Snapshot
Figure 53 American Chemical Inc.: Company Snapshot
Figure 54 Beardow & Adams: Company Snapshot
Figure 55 Bostik Inc.: Company Snapshot
Figure 56 Costchem SRL: Company Snapshot
Figure 57 Dynea OY : Company Snapshot
Figure 58 Evans Adhesive Corporation Ltd.: Company Snapshot
Figure 59 Jowat AG: Company Snapshot
Figure 60 Wisdom Adhesives: Company Snapshot
Figure 61 Worthen Industries Inc.: Company Snapshot

The global hot melt adhesive market size, in terms of value, is projected to reach USD 9.64 Billion by 2020, at a CAGR of 5.73% between 2015 and 2020. The high-growth application areas such as construction, packaging and labeling, woodworking, transportation, footwear, automotive, and continuous new product launch and expansion activities undertaken by companies are key factors driving the growth of the global market.

The polyurethane is projected to be the fastest-growing product type of hot melt adhesives between 2015 and 2020. The major types of polymers available in the hot melt adhesive market are ethylene-vinyl acetate (EVA), styrenic block copolymers (SBC), amorphous poly-alphaolefin (APAO) & polyolefin elastomers (POE), polyurethane (PU), polyamide, and others.

Polyurethane (PU) finds major applications in shoe making, paper packaging, bookbinding, automotive, and specialty bag manufacturing industries in the global hot melt adhesive market. Polyurethane adhesives are based on polymers that contain urethane linkages in the molecular backbone, regardless of the chemical composition of the rest of the chain.

Currently, Asia-Pacific is the largest market for hot melt adhesives, accounting for more than half of the global market size, by value, in 2014. Among all the countries, China dominates the hot melt adhesive market in 2014, followed by Japan. India is the fastest-growing market globally and is expected to surpass China in the near future. High economic growth rate, growing demand for applications (such as packaging, non-woven/disposables, pressure sensitive tapes & labels, construction & furniture, and others), cheap labor, and competitive manufacturing costs are the main factors leading to the growth of the market for hot melt adhesives in the region.

Hot Melt Adhesives Market

Though the hot melt adhesive market is growing at a significant growth rate, few factors hinder the growth of the market globally. Volatility of raw material prices and fluctuations in economic cycles are restricting growth in the hot melt adhesives market. The rapidly increasing demand for hot melt adhesives in its highly growing end-use industries is driving the hot melt adhesives market. In most of the industries, it is used as a binder, emulsifier, stabilizer, thickener, film former, adhesion promoter, and so on.

Companies such as The 3M Company (U.S.), Ashland Inc. (U.S.), Bostik S.A. (France), Dow Corning (U.S.), H.B. Fuller Company (U.S.), Henkel AG & Company (Germany), Jowat AG (Germany), Sika AG (Switzerland), and Toyobo Co., Ltd. (Japan), are the dominant market players in the global hot melt adhesive market. The diverse product portfolio and strategically positioned R&D centers, continuous adoption of development strategies, and technological advancements are the few factors that are responsible for strengthening the market position of these companies in the market. These companies have been adopting various organic and inorganic growth strategies such as expansion, merger & acquisition, partnership, new product launch & product development to enhance their current market share.

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