The global hot melt adhesives market size is expected to reach USD 9.10 billion in 2032 and register a steady revenue CAGR of 4.8% over the forecast period, according to the latest analysis by Emergen Research. Rising demand for reactive Hot Melt Adhesives (HMA) over traditional adhesives is a key factor driving market revenue growth. Solvent-based adhesives have been widely used in many traditional industrial applications. However, newer hot melt adhesives are quickly replacing them due to their superior productivity, more affordable pricing, and environmental friendliness. Hot melt adhesives harden faster than solvent-based ones, enabling higher production speeds and quicker assembly times. In addition, items bonded with hot melt adhesives can be reheated, allowing for efficient repairs and adjustments. Unlike solvent-based adhesives, hot melt adhesives eliminate Volatile Organic Compounds (VOCs), which are harmful emissions potentially linked to cancer. This makes hot melt adhesives a safer and more environment-friendly choice, as these comply with VOC regulations and have low or zero VOC content. Furthermore, manufacturers are increasingly focusing on using environment-friendly products, leading to a higher demand for hot melt adhesives, thus driving revenue growth of the market.
The global Hot Melt Adhesives (HMA) market is highly consolidated due to the presence of a large number of companies across this industry. These companies are known to make hefty investments in research and development projects. Also, they control a considerable portion of the overall market share, thus limiting the entry of new players into the sector. The global Hot Melt Adhesives (HMA) market report studies the prudent tactics undertaken by the leading market players, such as partnerships and collaborations, mergers & acquisitions, new product launches, and joint ventures.
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The study outlines the rapidly evolving and growing market segments along with valuable insights into each element of the industry. The industry has witnessed the entry of several new players, and the report aims to deliver insightful information about their transition and growth in the market. Mergers, acquisitions, partnerships, agreements, product launches, and joint ventures are all outlined in the report.
The leading market contenders listed in the report are:
Exxon Mobil Corporation, Dow, 3M, Henkel Adhesives Technologies, Focke Group, TEX YEAR INDUSTRIES INC., H.B. Fuller Company, Arkema, Sika and Bostik
Research Report on the Hot Melt Adhesives (HMA) Market Addresses the Following Key Questions:
- Who are the dominant players of the Hot Melt Adhesives (HMA) market?
- Which regional market is anticipated to have a high growth rate over the projected period?
- What consumer trends and demands are expected to influence the operations of the market players in the Hot Melt Adhesives (HMA) market?
- What are the key growth drivers and restraining factors of the Hot Melt Adhesives (HMA) market?
- What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
- What is the overall impact of the COVID-19 pandemic on the Hot Melt Adhesives (HMA) market and its key segments?
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Emergen Research has segmented the global Hot Melt Adhesives (HMA) market on the basis of type, type of care, and region
Segments Covered in this report are:
- Resin Type Outlook (Revenue, USD Billion; 2019–2032)
- Ethylene-Vinyl Acetate (EVA)
- Styrenic Block Copolymers
- Metallocene PO (mPO)
- Polyamide
- Polyolefins
- Amorphous Poly-alphaolefin (APAO)
- Polyurethane
- Others
- Application Method Outlook (Revenue, USD Billion; 2019–2032)
- Hot Melt Glue Guns
- Hot Melt Roll Coaters
- Spray Guns and Nozzles
- Bead and Slot Extrusion
- Slot Die Coating
- End-use Outlook (Revenue, USD Billion; 2019–2032)
- Packaging Industry
- Carton and Box Sealing
- Case and Tray Forming
- Woodworking and Furniture
- Edge Banding
- Profile Wrapping
- Non-Woven Industry
- Hygiene Products (diapers, sanitary napkins)
- Medical Products (surgical drapes, gowns)
- Automotive and Transportation
- Interior Trims
- Headliners and Carpets
- Electronics
- Potting and Encapsulation
- Wire Tacking and Bonding
- Construction
- Insulation Panels
- Tile Adhesives
- Textile and Apparel
- Seam Sealing
- Applique and Embellishment
- Bookbinding and Printing
- Spine Gluing
- Book Cover Lamination
- Assembly and Product Assembly
- Packaging Industry
In conclusion, the Hot Melt Adhesives (HMA) Market report is an exhaustive database that will help readers formulate lucrative strategies. The Hot Melt Adhesives (HMA) Market report studies the latest economic scenario with value, drivers, constraints, growth opportunities, challenges, demand and supply ratio, production capacity, import/export status, growth rate, and others. Additionally, the report also undertakes SWOT Analysis and Porter’s Five Forces Analysis to study the leading companies.
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