Hot Melt Adhesive (HMA) Market Size By Regional Analysis(Europe, Asia Pacific, America, Middle East And Africa), By Demand & COVID-19 Impact Analysis, By Type, By Applications And Forecasts 2023 - 2030
Report Overview
The Market Research Update provide detailed report study and highlights market share and size, and regional changing trends, production value predication, new prospects for Hot Melt Adhesive (HMA) market development rate. This study report offers a current scenario of the market. The report also comprises a several market dynamics.
The Hot Melt Adhesive (HMA) is projected to rise moderately in the projected time frame of 2023-2030.
Hot melt adhesive (HMA), 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. The gun uses a continuous-duty heating element to melt the plastic glue, which the user pushes through the gun either with a mechanical trigger mechanism on the gun, or with direct finger pressure. The glue squeezed out of the heated nozzle is initially hot enough to burn and even blister skin. The glue is tacky when hot, and solidifies in a few seconds to one minute. Hot melt adhesives can also be applied by dipping or spraying.
In industrial use, hot melt adhesives provide several advantages over solvent-based adhesives. Volatile organic compounds are reduced or eliminated, and the drying or curing step is eliminated. Hot melt adhesives have long shelf life and usually can be disposed of without special precautions. Some of the disadvantages involve thermal load of the substrate, limiting use to substrates not sensitive to higher temperatures, and loss of bond strength at higher temperatures, up to complete melting of the adhesive. This can be reduced by using a reactive adhesive that after solidifying undergoes further curing e.g., by moisture (e.g., reactive urethanes and silicones), or is cured by ultraviolet radiation. Some HMAs may not be resistant to chemical attacks and weathering. HMAs do not lose thickness during solidifying; solvent-based adhesives may lose up to 50-70% of layer thickness during drying.
First of all, the increasing demand for hot melt adhesive drives the market size. Second,The market is fuelled by growing requirement from end-user companies such as labeling, packaging, building & construction, woodworking, bookbinding, automotive, non-woven, transportation & footwear markets. In addition, the general trend of shifting away from solvent based glues owing to damaging consequences of unstable organic compounds given out from these adhesives or glues is expected to propel market growth over the forecast period. Continuous pressure given by regulatory working authorities such as EPA (Environment Protection Agency) & REACH is expected to reduce the utilization of solvent based adhesives in an effort to decrease unfavourable effects on the environment, thereby affecting the hot melt adhesives market. Furthermore, the strong bond without the demand to cure the glue after it is being utilized is a supplemented advantage for budding and cheaper end-use procedures. Third, North America has the most dominant market for hot melt adhesives and it is expected to have one-third of global demand in these regions. Europe is also expected to have a significant growth in the hot melt adhesive market over the forecast period. Central and south America is also anticipated to have a rapid growth.
Global Hot Melt Adhesive (HMA) market size will increase to 11700 Million US$ by 2030, from 7500 Million US$ in 2020, at a CAGR of 6.6% during the forecast period. In this study, 2023 has been considered as the base year and 2023 to 2030 as the forecast period to estimate the market size for Hot Melt Adhesive (HMA).
Objectives of Research:
- The overview of the global Hot Melt Adhesive (HMA) market
- Report comprised of the market companies, to describe and define and analyze the Hot Melt Adhesive (HMA) market value, share competition landscape, development plans and SWOT analysis.
- The report also involves the structure of the industry by identifying its several sub-segments.
- To observe the industry with reverence to individual future prospects, development trends, and contribution to the overall market.
Major Players in the Market:
The major competitors working in the market are:
, 3M, Adhesive Direct, Adtek Malaysia, Arkema, Avery Dennison, Buhnen, Cherng Tay Technology, Daubert Chemical, Evans Adhesive, Hb Fuller, Helmitin Adhesives, Jowat, Klebchemie, Kms Adhesives, Sanyhot Adhesivos, Sealock, Sika, Tex Year Industries, Worthen Industries
Market by Order Type
EVA
SBC
MPO
APAO
Polyamides
Polyolefins
Polyurethanes
Hot Melt Adhesive (HMA) Data by Application
Packaging Solutions
Nonwoven Hygiene Products
Furniture & Woodwork
Bookbinding
Hot Melt Adhesive (HMA) Production Regions Covered in the Report are:
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Rest of the World
Our team of enthusiastic analysts, research experts, and experienced forecasters work precisely to produce such kind of market report. The research report defines USD values, CAGR (compound annual growth rate) values and their variations for the precise projected time frame.
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The research information and studies associated with participant analysis keep the competitive landscape noticeably into the focus with which the market can select or advance their own policies to increase in the market growth.
The Key Questions Answered In Market Report Are:
- Summary of the Hot Melt Adhesive (HMA) market comprising definition
- Hot Melt Adhesive (HMA) Market Growth Drivers, Restrains, Challenges and opportunities
- Major trends which is impacting the global Hot Melt Adhesive (HMA) market
- Hot Melt Adhesive (HMA) Market segmentation and complete information about the market
- Regional analysis of the market
- Which regional market will develop as a champion at intervals in the coming years?
- What are the top companies at intervals in the global Hot Melt Adhesive (HMA) market?
- What are the growth strategies of the key players to sustain hold at intervals in the global Hot Melt Adhesive (HMA) market?
Table of Content
Hot Melt Adhesive (HMA) Market – Overview
1.1 Definitions, Overview, and Scope
1.2 Drivers, Restrain, Challenges, Opportunities
Hot Melt Adhesive (HMA) Market – Executive Summary
2.1 Market Revenue and Major Trends, and Challenges
Hot Melt Adhesive (HMA) Market – Comparative Analysis
3.1 Product Benchmarking
3.2 Financial Overview
3.3 Market Cost Divided
3.4 Estimating Examination
Hot Melt Adhesive (HMA) Market – Industry Market Entry Scenario
4.1 Governing Outline Summary
4.2 New Business index
4.3 Case Studies of Positive Schemes
Hot Melt Adhesive (HMA) Market Forces
5.1 Market Drivers
5.2 Market Restrains
5.3 Market New Opportunities
5.4 Market Challenges
5.4 Porters five force model
Hot Melt Adhesive (HMA) Market – Strategic Complete Overview
6.1 Value Chain Analysis
6.2 Market Opportunities Analysis
6.3 Market Challenges Analysis
6.4 Market Life Cycle
Hot Melt Adhesive (HMA) Market – By Regions (Market Size –USD Million)
7.1 North America
7.2 Europe
7.3 Asia-Pacific
7.4 Middle East and Africa
7.5 Rest of the World
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