ホットメルト接着剤(HMA)市場 : 2029年までの世界予測

Hot-melt Adhesives Market - Global Forecast to 2029

ホットメルト接着剤(HMA)市場 : 樹脂の種類 (EVA、SBC、MPO、APAO、ポリオレフィン)、用途 (包装ソリューション、不織布衛生製品、家具と木工品、製本)、地域別 - 2029年までの世界予測
Hot-Melt Adhesives Market by Resin Type (EVA, SBC, MPO, APAO, Polyolefins), Application (Packaging Solutions, Nonwoven Hygiene Products, Furniture & Woodwork, Bookbinding), and Region - Global Forecast to 2029
出版MarketsandMarkets
出版年月2024年7月
ページ数277
図表数349
価格タイプシングルユーザライセンス
価格USD 4,950

Report Overview

The hot-melt adhesives market size is projected to reach USD 10.9 billion by 2029 at a CAGR of 2.8% from USD 9.5 billion in 2024.

ホットメルト接着剤(HMA)市場規模は、2024 年の 95 億米ドルから 2.8% の CAGR で、2029 年までに 109 億米ドルに達すると予測されています。

Ethylene Vinyl Acetate (EVA), by resin type segment is estimated to account for the largest share of the hot-melt adhesives market in 2023.

ホットメルト接着剤(HMA)市場 : 2029年までの世界予測

Ethylene Vinyl Acetate (EVA) is likely to account for the largest share of hot-melt adhesives market.
During the forecast period, EVA stands out as the largest resin type segment in the hot-melt adhesives market, both in terms of value and volume. This is largely due to its widespread application in manufacturing hot-melt adhesives for products such as baby diapers and feminine sanitary items. EVA’s cost-effectiveness compared to other resins also boosts its demand. Conversely, PU is experiencing the fastest growth, primarily due to its increasing usage in nonwoven hygiene products, especially in emerging markets.

ホットメルト接着剤(HMA)市場 : 2029年までの世界予測 ecosystem

Packaging Solutions, by application accounted for the largest segment of hot-melt adhesives market.
Packaging solutions represented the largest application segment in the hot-melt adhesives market. This dominance is due to the growing use of hot-melt adhesives in diverse packaging applications, including bulk, industrial, commercial, and specialty packaging.
The packaging applications of hot-melt adhesives encompass carton boxes, envelopes, carton closures, cups, flexible packaging, specialty packaging, bags, and processed food products. Cases and cartons, made from paperboard, are utilized for packaging goods. They serve various purposes, including the transportation and storage of agricultural and poultry products, biscuits, chocolates, pharmaceutical products, and industrial items.

Asia Pacific, by region is forecasted to be the fastest segment of hot-melt adhesives market during the forecast period.
The Asia Pacific region is the fastest-growing market for hot-melt adhesives because industries such as packaging, automobiles, electronics, and construction are growing rapidly and calling for the best solutions to merge different things seamlessly. The increasing middle class population base coupled with higher per-capita income has led to increase packaged consumption and consumer durable goods envisaging a better demand for adhesive. This makes them versatile and effective depending on the formulation and technological improvements that would still accommodate most addressing industry demand. Also, friendly government policies and capital expenditure in infrastructural projects, which are adopted by the hot-melt adhesives’ key consumers such as the construction & automotive industries, improve market growth. The growth of new market places and platforms for shopping also contributes to the ever rising need for packaging materials in the region thus improving the overall growth of the market.

ホットメルト接着剤(HMA)市場 : 2029年までの世界予測 region

The break-up of the profile of primary participants in the hot-melt adhesives market:
• By Company Type: Tier 1 – 46%, Tier 2 – 36%, and Tier 3 – 18%
• By Designation: C Level – 21%, D Level – 23%, and Others – 56%
• By Region: North America – 37%, Europe – 23%, Asia Pacific – 26%, South America- 4%the Middle East & Africa – 10%.

The key companies profiled in this report are Henkel AG & CO. KGaA (Germany), H.B. Fuller Company (US), Jowat SE (Germany), 3M (US), Arkema (France).

Research Coverage:
The hot-melt adhesives market has been segmented based on Resin Type (Ethylene Vinyl Acetate (EVA), Styrenic Block Copolymer (SBC), Metallocene Polyolefin (MPO), Amorphous Polyalphaolefin (APAO), Polyolefins, and Other Resin Types), Application (Packaging Solutions, Nonwoven Hygiene Products, Furniture & Woodwork, Bookbinding, Other Applications), and by Region (Asia Pacific, Europe, North America, South America, and Middle East & Africa).

Reasons to Buy the Report
From an insight perspective, this research report focuses on various levels of analyses — industry analysis (industry trends), market ranking analysis of top players, and company profiles, which together comprise and discuss the basic views on the competitive landscape; emerging and high-growth segments of the market; high growth regions; and market drivers, restraints, opportunities, and challenges.

The report provides insights on the following pointers:
 Analysis of key drivers (demand for hot-melt adhesives in packaging industry to drive the market, catering to wide range of high growth applications, hot-melt adhesives replacing other adhesive technologies, high demand in DIY applications), restraints (lower thermal resistance of hot-melt adhesives), opportunities (Booming packaging and non-woven applications in Asia Pacific and South America, Increasing demand of hot-melt adhesives 5`over traditional adhesives), challenges (Difficulty in usage on hard-to-bond substances, volatility in raw material prices)
 Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the market
 Market Development: Comprehensive information about lucrative emerging markets – the report analyzes the market for hot-melt adhesives across regions
 Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the market
 Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the market.

Table of Contents

1            INTRODUCTION            27

1.1         STUDY OBJECTIVES      27

1.2         MARKET DEFINITION   27

1.2.1      INCLUSIONS AND EXCLUSIONS 27

1.2.2      DEFINITION AND INCLUSIONS, BY RESIN TYPE 28

1.2.3      DEFINITION AND INCLUSIONS, BY APPLICATION          29

1.3         MARKET SEGMENTATION         29

FIGURE 1           HOT-MELT ADHESIVES MARKET SEGMENTATION        29

1.3.1      REGIONS COVERED      30

1.3.2      YEARS CONSIDERED     30

1.4         CURRENCY CONSIDERED          30

1.5         UNITS CONSIDERED     31

1.6         STAKEHOLDERS            31

1.7         SUMMARY OF CHANGES            31

1.7.1      IMPACT OF RECESSION 31

2            RESEARCH METHODOLOGY     32

2.1         RESEARCH DATA           32

FIGURE 2           HOT-MELT ADHESIVES MARKET: RESEARCH DESIGN   32

2.1.1      SECONDARY DATA       33

2.1.1.1   Key data from secondary sources     33

2.1.2      PRIMARY DATA 33

2.1.2.1   Key data from primary sources         34

2.1.2.2   Key industry insights          34

2.1.2.3   Breakdown of primary interviews     35

2.1.2.4   Primary data sources          35

2.2         MARKET SIZE ESTIMATION       35

2.2.1      BOTTOM-UP APPROACH           36

FIGURE 3           MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH  36

2.2.2      TOP-DOWN APPROACH             37

FIGURE 4           MARKET SIZE ESTIMATION: TOP-DOWN APPROACH    37

2.3         MARKET GROWTH FORECAST  38

2.3.1      SUPPLY-SIDE FORECAST            38

2.3.2      DEMAND-SIDE FORECAST         38

2.4         FACTOR ANALYSIS        38

FIGURE 5           MAJOR FACTORS IMPACTING HOT-MELT ADHESIVES MARKET              38

2.5         DATA TRIANGULATION             39

FIGURE 6           HOT-MELT ADHESIVES MARKET: DATA TRIANGULATION              39

2.6         ASSUMPTIONS 40

2.7         LIMITATIONS   40

2.8         GROWTH FORECAST    41

2.9         RISK ASSESSMENT         41

TABLE 1             HOT-MELT ADHESIVES MARKET: RISK ASSESSMENT     41

2.10       IMPACT OF RECESSION 41

3            EXECUTIVE SUMMARY 42

TABLE 2             HOT-MELT ADHESIVES MARKET SNAPSHOT, 2022 VS. 2027              43

FIGURE 7           PACKAGING SOLUTIONS APPLICATION TO DOMINATE MARKET DURING FORECAST PERIOD   44

FIGURE 8           ETHYLENE-VINYL ACETATE RESIN TO DOMINATE OVERALL MARKET DURING FORECAST PERIOD   44

FIGURE 9           ASIA PACIFIC LED GLOBAL HOT-MELT ADHESIVES MARKET IN 2023      45

4            PREMIUM INSIGHTS      46

4.1         ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN HOT-MELT ADHESIVES MARKET    46

FIGURE 10         HOT-MELT ADHESIVES MARKET TO WITNESS HIGH GROWTH DURING FORECAST PERIOD     46

4.2         HOT-MELT ADHESIVES MARKET, BY RESIN TYPE           46

FIGURE 11         METALLOCENE POLYOLEFIN TO RECORD FASTEST GROWTH BETWEEN 2024 AND 2029           46

4.3         ASIA PACIFIC: HOT-MELT ADHESIVES MARKET, BY APPLICATION AND COUNTRY         47

FIGURE 12         CHINA ACCOUNTED FOR LARGEST MARKET SHARE IN ASIA PACIFIC             47

4.4         HOT-MELT ADHESIVES MARKET: DEVELOPED VS. EMERGING ECONOMIES     47

FIGURE 13         DEVELOPING ECONOMIES TO REGISTER HIGHER GROWTH DURING FORECAST PERIOD     47

4.5         HOT-MELT ADHESIVES MARKET, BY KEY COUNTRIES   48

FIGURE 14         INDIA TO RECORD FASTEST GROWTH DURING FORECAST PERIOD              48

5            MARKET OVERVIEW     49

5.1         INTRODUCTION            49

5.2         MARKET DYNAMICS     50

FIGURE 15         DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN HOT-MELT ADHESIVES MARKET      50

5.2.1      DRIVERS            50

5.2.1.1   Growth of packaging industry          50

5.2.1.2   High demand from nonwoven hygiene products, furniture & woodwork, and bookbinding applications   51

5.2.1.3   Growing preference for hot-melt adhesives over solvent-based adhesives 51

5.2.1.4   Increasing use in DIY applications   52

5.2.2      RESTRAINTS     52

5.2.2.1   Low thermal resistance of hot-melt adhesives 52

5.2.3      OPPORTUNITIES           52

5.2.3.1   Changing lifestyle and increasing consumer awareness in emerging economies              52

5.2.3.2   Development of eco-friendly reactive hot-melt adhesives           52

5.2.4      CHALLENGES   53

5.2.4.1   Difficulty in usage on hard-to-bond substances            53

5.2.4.2   Volatility in raw material prices        53

5.3         PORTER’S FIVE FORCES ANALYSIS         53

TABLE 3             PORTER’S FIVE FORCES ANALYSIS: HOT-MELT ADHESIVES MARKET            53

FIGURE 16         PORTER’S FIVE FORCES ANALYSIS: HOT-MELT ADHESIVES MARKET            54

5.3.1      THREAT OF NEW ENTRANTS    54

5.3.2      THREAT OF SUBSTITUTES         55

5.3.3      BARGAINING POWER OF BUYERS           55

5.3.4      BARGAINING POWER OF SUPPLIERS     55

5.3.5      INTENSITY OF COMPETITIVE RIVALRY 56

5.4         MACRO INDICATOR ANALYSIS 56

5.4.1      INTRODUCTION            56

5.4.2      TRENDS AND FORECAST OF GDP          56

TABLE 4             TRENDS AND FORECAST OF GDP, PERCENTAGE CHANGE, 2019–2029          56

5.4.3      TRENDS IN AUTOMOTIVE INDUSTRY   58

TABLE 5             AUTOMOTIVE INDUSTRY PRODUCTION (2022–2023)    58

5.4.4      TRENDS IN ELECTRONICS INDUSTRY   59

FIGURE 17         CONSUMER ELECTRONICS INDUSTRY REVENUE, BY SEGMENT (2018–2028)       59

5.4.5      TRENDS IN FOOTWEAR INDUSTRY        60

FIGURE 18         DISTRIBUTION OF FOOTWEAR PRODUCTION, BY REGION, 2022 (QUANTITY)          60

TABLE 6             FOOTWEAR CONSUMPTION CONTRIBUTION PERCENTAGE, 2022      61

6            INDUSTRY TRENDS       62

6.1         TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS              62

FIGURE 19         NEW REVENUE POCKETS FOR PLAYERS IN HOT-MELT ADHESIVES MARKET    62

6.2         PRICING ANALYSIS        62

6.2.1      AVERAGE SELLING PRICE TREND, BY REGION  63

FIGURE 20         AVERAGE SELLING PRICE OF HOT-MELT ADHESIVES, BY REGION             63

6.2.2      AVERAGE SELLING PRICE TREND, BY RESIN TYPE          63

FIGURE 21         AVERAGE SELLING PRICE OF HOT-MELT ADHESIVES, BY RESIN TYPE    63

6.2.3      AVERAGE SELLING PRICE TREND, BY APPLICATION     64

FIGURE 22         AVERAGE SELLING PRICE OF HOT-MELT ADHESIVES, BY APPLICATION  64

6.2.4      AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY APPLICATION              64

FIGURE 23         AVERAGE SELLING PRICE OF KEY PLAYERS, BY APPLICATION (2023)   64

TABLE 7             AVERAGE SELLING PRICE OF KEY PLAYERS, BY TOP 3 APPLICATIONS (USD/KG)          65

6.3         SUPPLY CHAIN ANALYSIS          65

FIGURE 24         HOT-MELT ADHESIVES MARKET: SUPPLY CHAIN ANALYSIS              65

6.4         ECOSYSTEM ANALYSIS 66

TABLE 8             HOT-MELT ADHESIVES MARKET: ROLE IN ECOSYSTEM 66

FIGURE 25         HOT-MELT ADHESIVES MARKET: ECOSYSTEM MAPPING              67

FIGURE 26         HOT-MELT ADHESIVES MARKET: STAKEHOLDERS IN ECOSYSTEM     67

6.5         TECHNOLOGY ANALYSIS           68

6.5.1      KEY TECHNOLOGIES    68

6.5.1.1   Ethylene vinyl acetate (EVA)           68

6.5.1.2   Styrenic block copolymer (SBC)      68

6.5.2      COMPLEMENTARY TECHNOLOGIES     69

6.5.2.1   Water-based adhesives      69

6.5.2.2   Solvent-based adhesives    69

6.5.2.3   UV curing adhesives          69

6.5.3      ADJACENT TECHNOLOGIES      70

6.5.3.1   Reactive hot-melt adhesives             70

6.5.3.2   Pressure-sensitive adhesives            71

6.6         PATENT ANALYSIS        71

FIGURE 27         MAJOR PATENT APPLICANTS FOR HOT-MELT ADHESIVES              72

6.6.1      LIST OF MAJOR PATENTS          72

6.7         TRADE ANALYSIS          74

6.7.1      EXPORT SCENARIO OF HOT-MELT ADHESIVES 74

FIGURE 28         HOT-MELT ADHESIVES EXPORT, BY KEY COUNTRIES, 2019−2023 (USD THOUSAND)   74

6.7.2      IMPORT SCENARIO OF HOT-MELT ADHESIVES 75

FIGURE 29         HOT-MELT ADHESIVES IMPORT, BY KEY COUNTRIES, 2019−2023 (USD THOUSAND)   75

6.8         KEY CONFERENCES & EVENTS  76

TABLE 9             HOT-MELT ADHESIVES MARKET: DETAILED LIST OF CONFERENCES & EVENTS, 2024−2025   76

6.9         REGULATORY LANDSCAPE       76

6.9.1      REGULATIONS AND STANDARDS          77

TABLE 10           LEEDS STANDARDS FOR ARCHITECTURAL APPLICATIONS              77

TABLE 11           LEEDS STANDARDS FOR SPECIALTY APPLICATIONS     77

TABLE 12           LEEDS STANDARDS FOR SUBSTRATE-SPECIFIC APPLICATIONS              78

6.9.2      REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS          78

TABLE 13           NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         78

TABLE 14           EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 79

TABLE 15           ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         79

6.10       KEY STAKEHOLDERS & BUYING CRITERIA          80

6.10.1    KEY STAKEHOLDERS IN BUYING PROCESS         80

FIGURE 30         INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS      80

TABLE 16           INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 APPLICATIONS (%)          80

6.10.2    BUYING CRITERIA         81

FIGURE 31         KEY BUYING CRITERIA FOR HOT-MELT ADHESIVES      81

TABLE 17           KEY BUYING CRITERIA FOR HOT-MELT ADHESIVES      81

6.11       INVESTMENT AND FUNDING SCENARIO            81

TABLE 18           INVESTMENT AND FUNDING SCENARIO            82

6.12       GLOBAL ECONOMIC SCENARIO AFFECTING MARKET GROWTH              83

6.12.1    RUSSIA–UKRAINE WAR 83

6.12.2    CHINA  83

6.12.2.1 China’s debt problem         83

6.12.2.2 Environmental commitments           84

6.13       CASE STUDY ANALYSIS 84

6.13.1    CONVEYANCE OF NEW HOT-MELT ADHESIVE SOLUTION          84

6.13.2    MOUNTAIN VIEW PACKAGING SAVES 50% WITH HOT MELT DOTTING              84

6.13.3    PFAS-FREE HOT-MELT ADHESIVE DISPENSING MACHINE & RECIPROCATING NEEDLE         85

7            HOT-MELT ADHESIVES MARKET, BY RESIN TYPE           87

7.1         INTRODUCTION            88

FIGURE 32         ETHYLENE-VINYL ACETATE TO BE LARGEST SEGMENT IN OVERALL HOT-MELT ADHESIVES MARKET       88

TABLE 19           HOT-MELT ADHESIVES MARKET SIZE, BY RESIN TYPE, 2019–2023 (USD MILLION)     88

TABLE 20           HOT-MELT ADHESIVES MARKET SIZE, BY RESIN TYPE, 2024–2029 (USD MILLION)     89

TABLE 21           HOT-MELT ADHESIVES MARKET SIZE, BY RESIN TYPE, 2019–2023 (KILOTON)             89

TABLE 22           HOT-MELT ADHESIVES MARKET SIZE, BY RESIN TYPE, 2024–2029 (KILOTON)             89

7.2         ETHYLENE VINYL ACETATE      90

7.2.1      OFFERS GREATER FLEXIBILITY AND ABILITY TO WITHSTAND ADVERSE TEMPERATURE VARIATION   90

TABLE 23           ETHYLENE VINYL ACETATE: HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2019–2023 (USD MILLION)      90

TABLE 24           ETHYLENE VINYL ACETATE: HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2024–2029 (USD MILLION)      90

TABLE 25           ETHYLENE VINYL ACETATE: HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2019–2023 (KILOTON) 91

TABLE 26           ETHYLENE VINYL ACETATE: HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2024–2029 (KILOTON) 91

7.3         STYRENIC BLOCK COPOLYMER 91

7.3.1      GOOD HEATING PROPERTIES AND LOW MOISTURE ABSORPTION SUITABLE FOR HIGHER-TEMPERATURE APPLICATIONS             91

TABLE 27           STYRENIC BLOCK COPOLYMER: HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2019–2023 (USD MILLION)    92

TABLE 28           STYRENIC BLOCK COPOLYMER: HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2024–2029 (USD MILLION)    92

TABLE 29           STYRENIC BLOCK COPOLYMER: HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2019–2023 (KILOTON)           92

TABLE 30           STYRENIC BLOCK COPOLYMER: HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2024–2029 (KILOTON)           93

7.4         METALLOCENE POLYOLEFIN (MPO)     93

7.4.1      MPO SUITABLE FOR COLORLESS APPLICATIONS DUE TO ITS UNIQUE PROPERTIES     93

TABLE 31           METALLOCENE POLYOLEFIN: HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2019–2023 (USD MILLION)    93

TABLE 32           METALLOCENE POLYOLEFIN: HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2024–2029 (USD MILLION)    94

TABLE 33           METALLOCENE POLYOLEFIN: HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2019–2023 (KILOTON)           94

TABLE 34           METALLOCENE POLYOLEFIN: HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2024–2029 (KILOTON)           94

7.5         AMORPHOUS POLYALPHAOLEFIN (APAO)        95

7.5.1      NORTH AMERICA TO BE LARGEST MARKET FOR AMORPHOUS POLYALPHAOLEFIN SEGMENT 95

TABLE 35           AMORPHOUS POLYALPHAOLEFIN: HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2019–2023 (USD MILLION)    95

TABLE 36           AMORPHOUS POLYALPHAOLEFIN: HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2024–2029 (USD MILLION)    95

TABLE 37           AMORPHOUS POLYALPHAOLEFIN: HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2019–2023 (KILOTON)           96

TABLE 38           AMORPHOUS POLYALPHAOLEFIN: HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2024–2029 (KILOTON)           96

7.6         POLYOLEFINS  96

7.6.1      OFFERS SUPERIOR SEALING ABILITY, HIGH RESISTANCE, AND EXCELLENT OPTICS IN PACKAGING APPLICATIONS     96

TABLE 39           POLYOLEFINS: HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2019–2023 (USD MILLION)       97

TABLE 40           POLYOLEFINS: HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2024–2029 (USD MILLION)       97

TABLE 41           POLYOLEFINS: HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2019–2023 (KILOTON) 97

TABLE 42           POLYOLEFINS: HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2024–2029 (KILOTON) 98

7.7         OTHER RESIN TYPES     98

TABLE 43           OTHER RESIN TYPES: HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2019–2023 (USD MILLION)       99

TABLE 44           OTHER RESIN TYPES: HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2024–2029 (USD MILLION)       99

TABLE 45           OTHER RESIN TYPES: HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2019–2023 (KILOTON) 99

TABLE 46           OTHER RESIN TYPES: HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2024–2029 (KILOTON) 100

8            HOT-MELT ADHESIVES MARKET, BY APPLICATION       101

8.1         INTRODUCTION            102

FIGURE 33         PACKAGING SOLUTIONS TO BE LARGEST APPLICATION OF HOT-MELT ADHESIVES 102

TABLE 47           HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (USD MILLION)     102

TABLE 48           HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (USD MILLION)     103

TABLE 49           HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (KILOTON)             103

TABLE 50           HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (KILOTON)             103

8.2         PACKAGING SOLUTIONS           104

8.2.1      HIGH DEMAND FOR FLEXIBLE PACKAGING IN ASIA PACIFIC AND MIDDLE EAST & AFRICA TO FUEL DEMAND      104

8.2.1.1   Corrugated boxes and trays              104

8.2.1.2   Carton and side-seam closures         105

8.2.1.3   Non-pressure-sensitive labels and marking systems      105

8.2.1.4   Flexible packaging             105

8.2.1.5   Others   105

TABLE 51           HOT-MELT ADHESIVES MARKET SIZE IN PACKAGING SOLUTIONS, BY REGION, 2019–2023 (USD MILLION)      105

TABLE 52           HOT-MELT ADHESIVES MARKET SIZE IN PACKAGING SOLUTIONS, BY REGION, 2024–2029 (USD MILLION)      106

TABLE 53           HOT-MELT ADHESIVES MARKET SIZE IN PACKAGING SOLUTIONS, BY REGION, 2019–2023 (KILOTON) 106

TABLE 54           HOT-MELT ADHESIVES MARKET SIZE IN PACKAGING SOLUTIONS, BY REGION, 2024–2029 (KILOTON) 106

8.3         NONWOVEN HYGIENE PRODUCTS        107

8.3.1      INCREASING HYGIENE AWARENESS TO SUPPORT MARKET GROWTH              107

8.3.1.1   Baby diapers, nappies, and pants      107

8.3.1.2   Adult incontinence            107

8.3.1.3   Feminine care      107

TABLE 55           HOT-MELT ADHESIVES MARKET SIZE IN NONWOVEN HYGIENE PRODUCTS, BY REGION, 2019–2023 (USD MILLION)    107

TABLE 56           HOT-MELT ADHESIVES MARKET SIZE IN NONWOVEN HYGIENE PRODUCTS, BY REGION, 2024–2029 (USD MILLION)    108

TABLE 57           HOT-MELT ADHESIVES MARKET SIZE IN NONWOVEN HYGIENE PRODUCTS, BY REGION, 2019–2023 (KILOTON)           108

TABLE 58           HOT-MELT ADHESIVES MARKET SIZE IN NONWOVEN HYGIENE PRODUCTS, BY REGION, 2024–2029 (KILOTON)           108

8.4         FURNITURE & WOODWORK      109

8.4.1      ASIA PACIFIC WOODWORKING INDUSTRY TO INCREASE DEMAND FOR HOT-MELT ADHESIVES     109

8.4.1.1   Woodworking      109

8.4.1.2   Structural and non-structural wood products 109

TABLE 59           HOT-MELT ADHESIVES MARKET SIZE IN FURNITURE & WOODWORK, BY REGION, 2019–2023 (USD MILLION)    109

TABLE 60           HOT-MELT ADHESIVES MARKET SIZE IN FURNITURE & WOODWORK, BY REGION, 2024–2029 (USD MILLION)    109

TABLE 61           HOT-MELT ADHESIVES MARKET SIZE IN FURNITURE & WOODWORK, BY REGION, 2019–2023 (KILOTON)            110

TABLE 62           HOT-MELT ADHESIVES MARKET SIZE IN FURNITURE & WOODWORK, BY REGION, 2024–2029 (KILOTON)            110

8.5         BOOKBINDING 110

8.5.1      WATER-ELIMINATING ADVANTAGE AND QUICKER SET-UP TIME OF HOT-MELT ADHESIVES TO FUEL DEMAND IN BOOKBINDING   110

8.5.1.1   Spine binding       110

8.5.1.2   Cover page and edge bonding          111

TABLE 63           HOT-MELT ADHESIVES MARKET SIZE IN BOOKBINDING, BY REGION, 2019–2023 (USD MILLION)       111

TABLE 64           HOT-MELT ADHESIVES MARKET SIZE IN BOOKBINDING, BY REGION, 2024–2029 (USD MILLION)       111

TABLE 65           HOT-MELT ADHESIVES MARKET SIZE IN BOOKBINDING, BY REGION, 2019–2023 (KILOTON) 111

TABLE 66           HOT-MELT ADHESIVES MARKET SIZE IN BOOKBINDING, BY REGION, 2024–2029 (KILOTON) 112

8.6         OTHER APPLICATIONS 112

8.6.1      AUTOMOTIVE & TRANSPORT   112

8.6.2      CONSUMER DIY             112

8.6.3      FOOTWEAR      112

8.6.4      ELECTRONICS  113

TABLE 67           HOT-MELT ADHESIVES MARKET SIZE IN OTHER APPLICATIONS, BY REGION, 2019–2023 (USD MILLION) 113

TABLE 68           HOT-MELT ADHESIVES MARKET SIZE IN OTHER APPLICATIONS, BY REGION, 2024–2029 (USD MILLION) 113

TABLE 69           HOT-MELT ADHESIVES MARKET SIZE IN OTHER APPLICATIONS, BY REGION, 2019–2023 (KILOTON)        113

TABLE 70           HOT-MELT ADHESIVES MARKET SIZE IN OTHER APPLICATIONS, BY REGION, 2024–2029 (KILOTON)        114

9            HOT-MELT ADHESIVES MARKET, BY REGION    115

9.1         INTRODUCTION            116

FIGURE 34         ASIA PACIFIC TO LEAD HOT-MELT ADHESIVES MARKET DURING FORECAST PERIOD     116

TABLE 71           HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2019–2023 (USD MILLION) 116

TABLE 72           HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2024–2029 (USD MILLION) 117

TABLE 73           HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2019–2023 (KILOTON)       117

TABLE 74           HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2024–2029 (KILOTON)       117

9.2         ASIA PACIFIC    118

9.2.1      RECESSION IMPACT      118

FIGURE 35         ASIA PACIFIC: HOT-MELT ADHESIVES MARKET SNAPSHOT              119

TABLE 75           ASIA PACIFIC: HOT-MELT ADHESIVES MARKET SIZE, BY RESIN TYPE, 2019–2023 (USD MILLION)             120

TABLE 76           ASIA PACIFIC: HOT-MELT ADHESIVES MARKET SIZE, BY RESIN TYPE, 2024–2029 (USD MILLION)             120

TABLE 77           ASIA PACIFIC: HOT-MELT ADHESIVES MARKET SIZE, BY RESIN TYPE, 2019–2023 (KILOTON)      120

TABLE 78           ASIA PACIFIC: HOT-MELT ADHESIVES MARKET SIZE, BY RESIN TYPE, 2024–2029 (KILOTON)      121

TABLE 79           ASIA PACIFIC: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (USD MILLION)           121

TABLE 80           ASIA PACIFIC: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (USD MILLION)           121

TABLE 81           ASIA PACIFIC: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (KILOTON)    122

TABLE 82           ASIA PACIFIC: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (KILOTON)    122

TABLE 83           ASIA PACIFIC: HOT-MELT ADHESIVES MARKET SIZE, BY COUNTRY, 2019–2023 (USD MILLION)    123

TABLE 84           ASIA PACIFIC: HOT-MELT ADHESIVES MARKET SIZE, BY COUNTRY, 2024–2029 (USD MILLION)    123

TABLE 85           ASIA PACIFIC: HOT-MELT ADHESIVES MARKET SIZE, BY COUNTRY, 2019–2023 (KILOTON)           124

TABLE 86           ASIA PACIFIC: HOT-MELT ADHESIVES MARKET SIZE, BY COUNTRY, 2024–2029 (KILOTON)           124

9.2.2      CHINA  125

9.2.2.1   Technological advancements and innovations in hot-melt adhesive market to drive demand 125

TABLE 87           CHINA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (USD MILLION)           125

TABLE 88           CHINA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (USD MILLION)           126

TABLE 89           CHINA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (KILOTON)    126

TABLE 90           CHINA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (KILOTON)    126

9.2.3      JAPAN  127

9.2.3.1   Nonwoven hygiene products to be fastest-growing application of hot-melt adhesives in Japan             127

TABLE 91           JAPAN: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (USD MILLION)           128

TABLE 92           JAPAN: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (USD MILLION)           128

TABLE 93           JAPAN: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (KILOTON)    128

TABLE 94           JAPAN: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (KILOTON)    129

9.2.4      SOUTH KOREA 129

9.2.4.1   Growth in packaging & furniture industry to fuel demand          129

TABLE 95           SOUTH KOREA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (USD MILLION)           130

TABLE 96           SOUTH KOREA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (USD MILLION)           130

TABLE 97           SOUTH KOREA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (KILOTON)    130

TABLE 98           SOUTH KOREA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (KILOTON)    131

9.2.5      INDIA   131

9.2.5.1   Substantial growth in nonwoven technical textile production contributing to market growth     131

TABLE 99          INDIA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (USD MILLION)          132

TABLE 100        INDIA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (USD MILLION)          132

TABLE 101        INDIA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (KILOTON)   132

TABLE 102        INDIA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (KILOTON)   133

9.2.6      MALAYSIA         133

9.2.6.1   Growing demand for smart and biodegradable packaging of food to drive market              133

TABLE 103         MALAYSIA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (USD MILLION)           134

TABLE 104         MALAYSIA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (USD MILLION)           134

TABLE 105         MALAYSIA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (KILOTON)    134

TABLE 106         MALAYSIA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (KILOTON)    135

9.2.7      THAILAND        135

9.2.7.1   Robust industrial demand and shift towards eco-friendly practices to support market growth     135

TABLE 107         THAILAND: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (USD MILLION)           135

TABLE 108         THAILAND: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (USD MILLION)           136

TABLE 109         THAILAND: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (KILOTON)    136

TABLE 110         THAILAND: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (KILOTON)    136

9.2.8      REST OF ASIA PACIFIC  137

TABLE 111         REST OF ASIA PACIFIC: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (USD MILLION)     137

TABLE 112         REST OF ASIA PACIFIC: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (USD MILLION)     137

TABLE 113         REST OF ASIA PACIFIC: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (KILOTON)            138

TABLE 114         REST OF ASIA PACIFIC: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (KILOTON)            138

9.3         NORTH AMERICA          138

9.3.1      IMPACT OF RECESSION 138

FIGURE 36         NORTH AMERICA: HOT-MELT ADHESIVES MARKET SNAPSHOT        139

TABLE 115         NORTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY RESIN TYPE, 2019–2023 (USD MILLION) 140

TABLE 116         NORTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY RESIN TYPE, 2024–2029 (USD MILLION) 140

TABLE 117         NORTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY RESIN TYPE, 2019–2023 (KILOTON)        140

TABLE 118         NORTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY RESIN TYPE, 2024–2029 (KILOTON)        141

TABLE 119         NORTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (USD MILLION)           141

TABLE 120         NORTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (USD MILLION)           141

TABLE 121         NORTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (KILOTON)    142

TABLE 122         NORTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (KILOTON)    142

TABLE 123         NORTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY COUNTRY, 2019–2023 (USD MILLION)    142

TABLE 124         NORTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY COUNTRY, 2024–2029 (USD MILLION)    143

TABLE 125         NORTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY COUNTRY, 2019–2023 (KILOTON)           143

TABLE 126         NORTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY COUNTRY, 2024–2029 (KILOTON)           143

9.3.2      US         144

9.3.2.1   Rise in consumption of packed goods and growth in packaging industry to boost demand 144

TABLE 127         US: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (USD MILLION)          144

TABLE 128         US: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (USD MILLION)          145

TABLE 129         US: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (KILOTON)   145

TABLE 130         US: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (KILOTON)   145

9.3.3      CANADA            146

9.3.3.1   Automotive sector to play key role in driving demand for hot-melt adhesives              146

TABLE 131         CANADA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (USD MILLION)           146

TABLE 132         CANADA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (USD MILLION)           146

TABLE 133         CANADA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (KILOTON)    147

TABLE 134         CANADA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (KILOTON)    147

9.3.4      MEXICO             147

9.3.4.1   Dynamic trends and advancements in packaging industry to drive demand for hot-melt adhesives     147

TABLE 135         MEXICO: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (USD MILLION)           148

TABLE 136         MEXICO: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (USD MILLION)           148

TABLE 137         MEXICO: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (KILOTON)    149

TABLE 138         MEXICO: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (KILOTON)    149

9.4         EUROPE             150

9.4.1      IMPACT OF RECESSION 150

FIGURE 37         EUROPE: HOT-MELT ADHESIVES MARKET SNAPSHOT  151

TABLE 139        EUROPE: HOT-MELT ADHESIVES MARKET SIZE, BY RESIN TYPE, 2019–2023 (USD MILLION)          152

TABLE 140        EUROPE: HOT-MELT ADHESIVES MARKET SIZE, BY RESIN TYPE, 2024–2029 (USD MILLION)          152

TABLE 141        EUROPE: HOT-MELT ADHESIVES MARKET SIZE, BY RESIN TYPE, 2019–2023 (KILOTON)   152

TABLE 142        EUROPE: HOT-MELT ADHESIVES MARKET SIZE, BY RESIN TYPE, 2024–2029 (KILOTON)   153

TABLE 143         EUROPE: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (USD MILLION)           153

TABLE 144         EUROPE: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (USD MILLION)           153

TABLE 145         EUROPE: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (KILOTON)    154

TABLE 146         EUROPE: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (KILOTON)    154

TABLE 147         EUROPE: HOT-MELT ADHESIVES MARKET SIZE, BY COUNTRY, 2019–2023 (USD MILLION)          154

TABLE 148         EUROPE: HOT-MELT ADHESIVES MARKET SIZE, BY COUNTRY, 2024–2029 (USD MILLION)          155

TABLE 149         EUROPE: HOT-MELT ADHESIVES MARKET SIZE, BY COUNTRY, 2019–2023 (KILOTON)   155

TABLE 150         EUROPE: HOT-MELT ADHESIVES MARKET SIZE, BY COUNTRY, 2024–2029 (KILOTON)   155

9.4.2      GERMANY         156

9.4.2.1   Presence of strong food packaging industry to support market growth     156

TABLE 151         GERMANY: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (USD MILLION)           156

TABLE 152         GERMANY: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (USD MILLION)           157

TABLE 153         GERMANY: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (KILOTON)    157

TABLE 154         GERMANY: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (KILOTON)    157

9.4.3      FRANCE             158

9.4.3.1   Packaging industry to drive growth of hot-melt adhesives market             158

TABLE 155         FRANCE: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (USD MILLION)           158

TABLE 156         FRANCE: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (USD MILLION)           159

TABLE 157         FRANCE: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (KILOTON)    159

TABLE 158         FRANCE: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (KILOTON)    159

9.4.4      ITALY   160

9.4.4.1   Developed furniture manufacturing industry to create growth opportunities              160

TABLE 159         ITALY: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (USD MILLION)           160

TABLE 160         ITALY: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (USD MILLION)           161

TABLE 161         ITALY: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (KILOTON)    161

TABLE 162         ITALY: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (KILOTON)    161

9.4.5      UK         162

9.4.5.1   Innovative and energy-efficient technology in household appliances to increase demand 162

TABLE 163         UK: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (USD MILLION)          162

TABLE 164         UK: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (USD MILLION)          163

TABLE 165         UK: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (KILOTON)   163

TABLE 166         UK: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (KILOTON)   163

9.4.6      SPAIN   164

9.4.6.1   Rapid urbanization, rising standards of living, and growing middle-class population to boost demand             164

TABLE 167         SPAIN: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (USD MILLION)           164

TABLE 168         SPAIN: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (USD MILLION)           165

TABLE 169         SPAIN: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (KILOTON)    165

TABLE 170         SPAIN: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (KILOTON)    165

9.4.7      REST OF EUROPE           165

TABLE 171         REST OF EUROPE: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (USD MILLION)           166

TABLE 172         REST OF EUROPE: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (USD MILLION)           166

TABLE 173         REST OF EUROPE: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (KILOTON)    166

TABLE 174         REST OF EUROPE: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (KILOTON)    167

9.5         SOUTH AMERICA           167

9.5.1      IMPACT OF RECESSION 167

FIGURE 38         SOUTH AMERICA: HOT-MELT ADHESIVES MARKET SNAPSHOT              168

TABLE 175         SOUTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY RESIN TYPE, 2019–2023 (USD MILLION) 168

TABLE 176         SOUTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY RESIN TYPE, 2024–2029 (USD MILLION) 169

TABLE 177         SOUTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY RESIN TYPE, 2019–2023 (KILOTON)        169

TABLE 178         SOUTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY RESIN TYPE, 2024–2029 (KILOTON)        169

TABLE 179         SOUTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (USD MILLION)           170

TABLE 180         SOUTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (USD MILLION)           170

TABLE 181         SOUTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (KILOTON)    170

TABLE 182         SOUTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (KILOTON)    171

TABLE 183         SOUTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY COUNTRY, 2019–2023 (USD MILLION)    171

TABLE 184         SOUTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY COUNTRY, 2024–2029 (USD MILLION)    171

TABLE 185         SOUTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY COUNTRY, 2019–2023 (KILOTON)           172

TABLE 186         SOUTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY COUNTRY, 2024–2029 (KILOTON)           172

9.5.2      BRAZIL 172

9.5.2.1   Growing manufacturing sector to fuel demand             172

TABLE 187         BRAZIL: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (USD MILLION)           173

TABLE 188         BRAZIL: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (USD MILLION)           173

TABLE 189         BRAZIL: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (KILOTON)    174

TABLE 190         BRAZIL: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (KILOTON)    174

9.5.3      ARGENTINA      174

9.5.3.1   Strategic Industrial Plan 2020 supporting hot-melt adhesives market growth              174

TABLE 191         ARGENTINA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (USD MILLION)           175

TABLE 192         ARGENTINA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (USD MILLION)           175

TABLE 193         ARGENTINA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (KILOTON)    175

TABLE 194         ARGENTINA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (KILOTON)    176

9.5.4      REST OF SOUTH AMERICA         176

TABLE 195         REST OF SOUTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (USD MILLION)          176

TABLE 196         REST OF SOUTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (USD MILLION)          177

TABLE 197         REST OF SOUTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (KILOTON)   177

TABLE 198         REST OF SOUTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (KILOTON)   177

9.6         MIDDLE EAST & AFRICA             178

9.6.1      IMPACT OF RECESSION 178

FIGURE 39         MIDDLE EAST & AFRICA: HOT-MELT ADHESIVES MARKET SNAPSHOT        178

TABLE 199        MIDDLE EAST & AFRICA: HOT-MELT ADHESIVES MARKET SIZE, BY RESIN TYPE, 2019–2023 (USD MILLION)         179

TABLE 200        MIDDLE EAST & AFRICA: HOT-MELT ADHESIVES MARKET SIZE, BY RESIN TYPE, 2024–2029 (USD MILLION)         179

TABLE 201        MIDDLE EAST & AFRICA: HOT-MELT ADHESIVES MARKET SIZE, BY RESIN TYPE, 2019–2023 (KILOTON)   179

TABLE 202        MIDDLE EAST & AFRICA: HOT-MELT ADHESIVES MARKET SIZE, BY RESIN TYPE, 2024–2029 (KILOTON)   180

TABLE 203        MIDDLE EAST & AFRICA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (USD MILLION)     180

TABLE 204        MIDDLE EAST & AFRICA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (USD MILLION)     180

TABLE 205        MIDDLE EAST & AFRICA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (KILOTON)            181

TABLE 206        MIDDLE EAST & AFRICA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (KILOTON)            181

TABLE 207        MIDDLE EAST & AFRICA: HOT-MELT ADHESIVES MARKET SIZE, BY COUNTRY, 2019–2023 (USD MILLION)            181

TABLE 208        MIDDLE EAST & AFRICA: HOT-MELT ADHESIVES MARKET SIZE, BY COUNTRY, 2024–2029 (USD MILLION)            182

TABLE 209        MIDDLE EAST & AFRICA: HOT-MELT ADHESIVES MARKET SIZE, BY COUNTRY, 2019–2023 (KILOTON)     182

TABLE 210        MIDDLE EAST & AFRICA: HOT-MELT ADHESIVES MARKET SIZE, BY COUNTRY, 2024–2029 (KILOTON)     182

9.6.2      GCC COUNTRIES           183

9.6.2.1   Saudi Arabia        183

9.6.2.1.1 Shift towards circular economy and sustainable practices to support market growth              183

TABLE 211         SAUDI ARABIA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (USD MILLION)           184

TABLE 212         SAUDI ARABIA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (USD MILLION)           184

TABLE 213         SAUDI ARABIA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (KILOTON)    185

TABLE 214         SAUDI ARABIA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (KILOTON)    185

9.6.2.2   UAE      185

9.6.2.2.1 Growing demand in building & construction, woodworking, and packaging solutions to drive market growth      185

TABLE 215         UAE: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (USD MILLION)          186

TABLE 216         UAE: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (USD MILLION)          186

TABLE 217         UAE: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (KILOTON)   186

TABLE 218         UAE: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (KILOTON)   187

9.6.2.3   Other GCC countries         187

TABLE 219         OTHER GCC COUNTRIES: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (USD MILLION)          187

TABLE 220         OTHER GCC COUNTRIES: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (USD MILLION)          187

TABLE 221         OTHER GCC COUNTRIES: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (KILOTON)   188

TABLE 222         OTHER GCC COUNTRIES: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (KILOTON)   188

9.6.3      SOUTH AFRICA 188

9.6.3.1   Growing construction and automotive industries to fuel market growth   188

TABLE 223         SOUTH AFRICA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (USD MILLION)           189

TABLE 224         SOUTH AFRICA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (USD MILLION)           189

TABLE 225         SOUTH AFRICA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (KILOTON)    189

TABLE 226         SOUTH AFRICA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (KILOTON)    190

9.6.4      REST OF MIDDLE EAST & AFRICA           190

TABLE 227         REST OF MIDDLE EAST & AFRICA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (USD MILLION)       190

TABLE 228         REST OF MIDDLE EAST & AFRICA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (USD MILLION)       191

TABLE 229         REST OF MIDDLE EAST & AFRICA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (KILOTON) 191

TABLE 230         REST OF MIDDLE EAST & AFRICA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (KILOTON) 191

10          COMPETITIVE LANDSCAPE       192

10.1       INTRODUCTION            192

10.2       KEY STRATEGIES           192

TABLE 231         OVERVIEW OF STRATEGIES ADOPTED BY KEY MARKET PLAYERS (2020–2023)     192

10.3       MARKET SHARE ANALYSIS         194

FIGURE 40         MARKET SHARE OF KEY PLAYERS, 2023 194

TABLE 232         HOT-MELT ADHESIVES MARKET: DEGREE OF COMPETITION              195

10.3.1    MARKET RANKING ANALYSIS   195

FIGURE 41         RANKING OF KEY MARKET PLAYERS, 2023          195

10.4       REVENUE ANALYSIS      197

FIGURE 42         REVENUE ANALYSIS OF TOP 5 PLAYERS (2019–2023)      197

10.5       COMPANY VALUATION AND FINANCIAL METRICS, 2023             197

10.5.1    COMPANY VALUATION 197

FIGURE 43         HOT-MELT ADHESIVES MARKET: COMPANY VALUATION              197

10.5.2    FINANCIAL METRICS    198

FIGURE 44         HOT-MELT ADHESIVES MARKET: FINANCIAL METRICS 198

10.6       BRAND/PRODUCT COMPARATIVE ANALYSIS    199

FIGURE 45         HOT-MELT ADHESIVES MARKET: COMPARATIVE ANALYSIS OF BRAND/PRODUCT        199

10.6.1    TECHNOMELT (HENKEL AG & CO. KGAA)          200

10.6.2    SWIFT LOCK (H.B. FULLER)       200

10.6.3    HOT-MELT ADHESIVE (3M)       200

10.6.4    PLATAMID (ARKEMA)  200

10.6.5    JOWATHERM (JOWAT SE)          200

10.7       COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023   200

10.7.1    STARS  200

10.7.2    EMERGING LEADERS    200

10.7.3    PERVASIVE PLAYERS     200

10.7.4    PARTICIPANTS 201

FIGURE 46         HOT-MELT ADHESIVES MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023    201

10.7.5    COMPANY FOOTPRINT 202

FIGURE 47         HOT-MELT ADHESIVES MARKET: COMPANY OVERALL FOOTPRINT (25 COMPANIES)   202

TABLE 233         HOT-MELT ADHESIVES MARKET: REGION FOOTPRINT (25 COMPANIES)    203

TABLE 234         HOT-MELT ADHESIVES MARKET: APPLICATION FOOTPRINT (25 COMPANIES)            204

TABLE 235         HOT-MELT ADHESIVES MARKET: RESIN TYPE FOOTPRINT (25 COMPANIES)    205

10.8       COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023          206

10.8.1    PROGRESSIVE COMPANIES       206

10.8.2    RESPONSIVE COMPANIES          206

10.8.3    DYNAMIC COMPANIES 206

10.8.4    STARTING BLOCKS       206

FIGURE 48         HOT-MELT ADHESIVES MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2023           207

10.8.5    COMPETITIVE BENCHMARKING            208

TABLE 236         HOT-MELT ADHESIVES MARKET: LIST OF KEY STARTUPS/SMES (10 COMPANIES)         208

TABLE 237         HOT-MELT ADHESIVES MARKET: COMPETITIVE BENCHMARKING OF STARTUPS/SMES (10 COMPANIES)             209

10.9       COMPETITIVE SCENARIO & TRENDS     210

10.9.1    PRODUCT LAUNCHES  210

TABLE 238         HOT-MELT ADHESIVES MARKET: PRODUCT LAUNCHES, JANUARY 2020–MAY 2024            210

10.9.2    DEALS  210

TABLE 239         HOT-MELT ADHESIVES MARKET: DEALS, JANUARY 2020–MAY 2024      210

10.9.3    EXPANSIONS    212

TABLE 240         HOT-MELT ADHESIVES MARKET: EXPANSIONS, JANUARY 2020–MAY 2024           212

11          COMPANY PROFILES    215

(Business overview, Products offered, Recent developments & MnM View)*

11.1       MAJOR PLAYERS            215

11.1.1    HENKEL AG & CO. KGAA            215

TABLE 241         HENKEL AG & CO. KGAA: COMPANY OVERVIEW             215

FIGURE 49         HENKEL AG & CO. KGAA: COMPANY SNAPSHOT             216

TABLE 242         HENKEL AG & CO. KGAA: EXPANSIONS, JANUARY 2020–MAY 2024      217

11.1.2    H.B. FULLER COMPANY 219

TABLE 243         H.B. FULLER COMPANY: COMPANY OVERVIEW 219

FIGURE 50         H.B. FULLER COMPANY: COMPANY SNAPSHOT 219

TABLE 244         H.B. FULLER COMPANY: DEALS, JANUARY 2020–MAY 2024              222

TABLE 245         H.B. FULLER COMPANY: EXPANSIONS, JANUARY 2020–MAY 2024      223

11.1.3    JOWAT SE          224

TABLE 246         JOWAT SE: COMPANY OVERVIEW          224

TABLE 247         JOWAT SE: PRODUCT LAUNCHES, JANUARY 2020–MAY 2024              225

11.1.4    3M         226

TABLE 248         3M: COMPANY OVERVIEW         226

FIGURE 51         3M: COMPANY SNAPSHOT         227

11.1.5    ARKEMA            231

TABLE 249         ARKEMA: COMPANY OVERVIEW             231

FIGURE 52         ARKEMA: COMPANY SNAPSHOT            232

TABLE 250         ARKEMA: DEALS, JANUARY 2020–MAY 2024         233

TABLE 251         ARKEMA: EXPANSIONS, JANUARY 2020–MAY 2024           234

11.1.6    DOW INC.          235

TABLE 252         DOW INC.: COMPANY OVERVIEW          235

FIGURE 53         DOW INC.: COMPANY SNAPSHOT          235

TABLE 253         DOW: EXPANSIONS, JANUARY 2020–MAY 2024    236

11.1.7    TEXYEAR INDUSTRIES INC.        237

TABLE 254         TEXYEAR INDUSTRIES INC.: COMPANY OVERVIEW        237

11.1.8    KLEIBERIT SE & CO. KG 238

TABLE 255         KLEIBERIT SE & CO. KG: COMPANY OVERVIEW 238

11.1.9    SIKA AG             239

TABLE 256         SIKA AG: COMPANY OVERVIEW 239

FIGURE 54         SIKA AG: COMPANY SNAPSHOT 239

TABLE 257         SIKA AG: DEALS, JANUARY 2020–MAY 2024          240

TABLE 258         SIKA AG: EXPANSIONS, JANUARY 2020–MAY 2024             240

11.1.10  AVERY DENNISON CORPORATION        242

TABLE 259         AVERY DENNISON CORPORATION: COMPANY OVERVIEW              242

FIGURE 55         AVERY DENNISON CORPORATION: COMPANY SNAPSHOT              242

11.2       OTHER COMPANIES      244

11.2.1    HUNTSMAN CORPORATION     244

TABLE 260         HUNTSMAN CORPORATION: COMPANY OVERVIEW      244

11.2.2    ADHESIVES DIRECT UK 245

TABLE 261         ADHESIVES DIRECT UK: COMPANY OVERVIEW 245

11.2.3    AICA ADTEK SDN BHD  246

TABLE 262         AICA ADTEK SDN BHD: COMPANY OVERVIEW  246

11.2.4    BUHNEN GMBH & CO. KG          246

TABLE 263         BUHNEN GMBH & CO. KG: COMPANY OVERVIEW           246

11.2.5    CHERNG TAY TECHNOLOGY CO., LTD. 248

TABLE 264         CHERNG TAY TECHNOLOGY CO., LTD.: COMPANY OVERVIEW              248

11.2.6    CATTIE ADHESIVES      249

TABLE 265         CATTIE ADHESIVES: COMPANY OVERVIEW       249

11.2.7    DAUBERT CHEMICAL COMPANY           250

TABLE 266         DAUBERT CHEMICAL COMPANY: COMPANY OVERVIEW              250

11.2.8    EVANS ADHESIVE CORPORATION, LTD.             251

TABLE 267         EVANS ADHESIVE CORPORATION, LTD.: COMPANY OVERVIEW              251

11.2.9    EVONIK INDUSTRIES AG            252

TABLE 268         EVONIK INDUSTRIES AG: COMPANY OVERVIEW             252

11.2.10  HELMITIN ADHESIVES 253

TABLE 269         HELMITIN ADHESIVES: COMPANY OVERVIEW  253

11.2.11  KMS ADHESIVES LTD.   254

TABLE 270         KMS ADHESIVES LTD.: COMPANY OVERVIEW   254

11.2.12  SANYHOT ADHESIVOS S.A.        255

TABLE 271         SANYHOT ADHESIVOS S.A.: COMPANY OVERVIEW         255

11.2.13  SEALOCK LTD. 256

TABLE 272         SEALOCK LTD.: COMPANY OVERVIEW  256

11.2.14  TOYOBO CO., LTD.        257

TABLE 273         TOYOBO CO., LTD.: COMPANY OVERVIEW        257

11.2.15  WORTHEN INDUSTRIES             257

TABLE 274         WORTHEN INDUSTRIES: COMPANY OVERVIEW 257

*Details on Business overview, Products offered, Recent developments & MnM View might not be captured in case of unlisted companies.

12          ADJACENT & RELATED MARKETS          258

12.1       INTRODUCTION            258

12.2       LIMITATIONS   258

12.3       HOT-MELT ADHESIVES 258

12.3.1    MARKET DEFINITION   258

12.3.2    MARKET OVERVIEW     258

12.4       REACTIVE HOT-MELT ADHESIVE MARKET, BY RESIN TYPE        259

FIGURE 56         POLYURETHANE RESIN TO DOMINATE REACTIVE HOT-MELT ADHESIVES MARKET BETWEEN 2023 AND 2028 259

TABLE 275         REACTIVE HOT-MELT ADHESIVES MARKET SIZE, BY RESIN TYPE, 2018–2022 (USD MILLION)             259

TABLE 276         REACTIVE HOT-MELT ADHESIVES MARKET SIZE, BY RESIN TYPE, 2023–2028 (USD MILLION)             260

TABLE 277         REACTIVE HOT-MELT ADHESIVES MARKET SIZE, BY RESIN TYPE, 2018–2022 (KILOTON)      260

TABLE 278         REACTIVE HOT-MELT ADHESIVES MARKET SIZE, BY RESIN TYPE, 2023–2028 (KILOTON)      260

12.4.1    POLYURETHANE (PU)  260

12.4.2    POLYOLEFIN    261

12.4.3    OTHERS             261

12.4.3.1 Ethylene-vinyl acetate (EVA)          261

12.4.3.2 Polyamide           261

12.4.3.3 Polyester             261

12.4.3.4 Polyethylene        261

12.5       REACTIVE HOT-MELT ADHESIVES MARKET, BY TYPE   261

12.5.1    HIGH TEMPERATURE   262

12.5.2    LOW TEMPERATURE    262

12.6       REACTIVE HOT-MELT ADHESIVES MARKET, BY SUBSTRATE     262

FIGURE 57         PLASTIC SUBSTRATE TO LEAD REACTIVE HOT-MELT ADHESIVES MARKET BETWEEN 2023 AND 2028 262

TABLE 279         REACTIVE HOT-MELT ADHESIVES MARKET SIZE, BY SUBSTRATE, 2018–2022 (USD MILLION) 263

TABLE 280         REACTIVE HOT-MELT ADHESIVES MARKET SIZE, BY SUBSTRATE, 2023–2028 (USD MILLION) 263

TABLE 281         REACTIVE HOT-MELT ADHESIVES MARKET SIZE, BY SUBSTRATE, 2018–2022 (KILOTON)        263

TABLE 282         REACTIVE HOT-MELT ADHESIVES MARKET SIZE, BY SUBSTRATE, 2023–2028 (KILOTON)        263

12.6.1    PLASTIC            264

12.6.2    WOOD 264

12.6.3    OTHER SUBSTRATES    264

12.7       REACTIVE HOT-MELT ADHESIVES MARKET, BY APPLICATION  264

FIGURE 58         AUTOMOTIVE & TRANSPORTATION SEGMENT DOMINATED REACTIVE HOT-MELT ADHESIVES MARKET IN 2022       265

TABLE 283         REACTIVE HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2018–2022 (USD MILLION)           265

TABLE 284         REACTIVE HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2023–2028 (USD MILLION)           265

TABLE 285         REACTIVE HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2018–2022 (KILOTON)    266

TABLE 286         REACTIVE HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2023–2028 (KILOTON)    266

12.7.1    AUTOMOTIVE & TRANSPORTATION     266

12.7.2    FURNITURE & UPHOLSTERY     266

12.7.3    TEXTILE            267

12.7.4    LAMINATION   267

12.7.5    ASSEMBLY        267

12.7.6    DOORS & WINDOWS     267

12.7.7    OTHER APPLICATIONS 267

12.8       REACTIVE HOT-MELT ADHESIVES MARKET, BY REGION            268

FIGURE 59         ASIA PACIFIC EMERGING AS STRATEGIC MARKET FOR REACTIVE HOT-MELT ADHESIVES         268

TABLE 287         REACTIVE HOT-MELT ADHESIVES MARKET, BY REGION, 2018–2022 (USD MILLION)     268

TABLE 288         REACTIVE HOT-MELT ADHESIVES MARKET, BY REGION, 2023–2028 (USD MILLION)     269

TABLE 289         REACTIVE HOT-MELT ADHESIVES MARKET, BY REGION, 2018–2022 (KILOTON)             269

TABLE 290         REACTIVE HOT-MELT ADHESIVES MARKET, BY REGION, 2023–2028 (KILOTON)             269

12.8.1    ASIA PACIFIC    270

12.8.2    EUROPE             270

12.8.3    NORTH AMERICA          270

12.8.4    MIDDLE EAST & AFRICA             270

12.8.5    SOUTH AMERICA           270

13          APPENDIX         271

13.1       DISCUSSION GUIDE      271

13.2       KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL             273

13.3       CUSTOMIZATION OPTIONS      275

13.4       RELATED REPORTS       275

13.5       AUTHOR DETAILS         276