Hot Melt Glue Gun Market to Register Rapid Growth by End 2028 – The Insight Partners.
Posted by niket gore on July 28th, 2022
The hot melt glue gun market was valued at US$ 477.64 million in 2020 and is projected to reach US$ 715.13 million by 2028; it is expected to grow at a CAGR of 5.2% from 2021 to 2028.Hot melt glue gun is a portable device that is utilized to dispense hot melt adhesives. These guns are available in various types such as corded, cordless, and hybrid. These guns offer convenience over other glue dispensing equipment. They dry quickly, having long-shelf life and easily disposable. The growing demand from packaging, DHP, and electronics industry, which requires precision adhesive dispensing is driving the market growth. Further, these glue gun finds vast application in automotive, construction, furniture, and other manufacturing industries that supports the growth of the hot melt glue gun market.
Get Sample Pdf:- https://www.theinsightpartners.com/sample/TIPRE00022626/
Hot glue guns are portable adhesive dispensing devices that use and dispense hot melt adhesives. Hot melt thermoplastics were invented in the 1940s in the form of tubular sticks as an upgradation and improvement over water-based adhesives, which deteriorate when exposed to humidity. Industrial hot glue guns provide various advantages such as it dries rapidly and strongly, minimizing the time it takes for the product to be completed, and it is disposed by the hot glue gun. Hot melt also has the advantage of not losing any thickness when drying. This makes it extremely useful in some business projects (such as woodworking). There are numerous varieties of industrial hot melt and industrial hot melt guns available to meet the needs of diverse industries. Further, hot melt adhesives can even be applied by dipping or spraying. The hot melt adhesives dispensed by the hot glue gun use water-based technology, in which water is utilized as a diluting medium and is intended to be absorbed by the substrate, thereby lowering volatile organic compound (VOC) emissions. Furthermore, since hot melt technology forms a quick bond, it is used in highly automated manufacturing processes such as packing, assembly, bookbinding, converting, footwear, and others. However, solvent-based adhesives, are subject to regulatory restrictions on solvent emissions, waste disposal, and manufacturing vapour levels. Many solvent solutions are combustible, requiring safety and health-management procedures. As a result, the advantages of hot melt glue gun over solvent- based adhesives or other fasteners in industrial applications has been projected to propel the growth of the hot melt glue gun market.
Asia Pacific holds significant markets for the hot melt glue gun industry. The growth of the hot melt glue gun market in the Asia Pacific region is mainly attributed to rising adoption in packaging, electronics, construction, and automotive industry in countries like China, Japan, and India. For instance, the food packaging industry has experienced tremendous growth in APAC region in past few years. The growing need of sustainable packaging solutions along with the rising e-commerce industry has further enhanced the demand for corrugated packaging solutions which supports the hot melt glue gun market growth. Growing adoption in disposable hygiene products (DHP) industry is another significant factor that is driving the growth of hot melt glue gun in APAC.
Some of the major key players operating in the global hot melt glue gun industry includes Ratiobond Klebesysteme Gmbh, Ellsworth Adhesives, 3M, Arkema, Deluxe Packaging, Ad Tech, Buehnen, Infinity Bond Adhesives, Surebonder and Steinel. The major players in the hot melt glue gun industry are focusing on strategies such as mergers and acquisitions and research and development to increase the geographical presence and consumer base globally.
Based on gun type, the hot glue gun market is segmented into corded hot melt glue gun, cordless hot melt glue gun, and hybrid hot melt glue gun. The corded hot melt glue gun segment held the largest share in the global market in 2020 and it is estimated to maintain its dominance during the forecast period. Corded guns are specifically designed to work for both heavy and light industrial applications. Most of the corded guns are compatible with hot melt sticks, hot melt slugs/cartridges or even pellets thus they are preferred to use in vast applications ranging from packaging to crafts and DIYs. They can be used by both industrial and retail customers. Corded hot melt glue guns are low in cost as compared to cordless glue guns and they are available in all sizes such as mini, generic, and big etc. Continuous upgradation in product specifications and technical features is expected to support the growth of corded hot melt glue gun during the forecast period. For instance, Themisto – Built With Passion 150W Multi-Temperature High Power Hot Melt comes with dial-based knob at the hostler base, which helps to adjust the temperature from 100˚C to 200˚C depending on use and desire.
The hot glue gun market has experienced moderate growth in 2020 as a result of COVID-19, followed by a minor decline in demand. The market is being disrupted by COVID-19 because of slowdown of raw material production, supply chain instability, hampered trade movements, decrease in construction demand, and reduced demand for new projects. However, the demand for medical equipment, hygiene products, food packaging has risen due to an increase in the number of COVID-19 cases and the need for healthcare and quarantine buildings/units, which will positively impact the hot glue gun market. In addition, the ongoing COVID-19 pandemic has drastically altered the growth status of the hot melt glue gun industry. The outbreak has distorted operational efficiency and disrupted the value chains due to the sudden shutdown of national and international boundaries, creating revenue loss and damage. The disturbed value chain has had a negative impact on raw material supply. However, as the economies are planning to revive their operations, the demand for hot melt glue gun is expected to rise globally in the coming months.
The overall hot melt glue gun market size has been derived in accordance with to both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the hot melt glue gun market.
List of Companies- Global Hot Melt Glue Gun Market
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
If you have any queries about this report or if you would like further information, please contact us:
Contact Person: Sameer Joshi
Like it? Share it!
About the Authorniket gore
Joined: July 6th, 2022
Articles Posted: 421
More by this author