Hot melt adhesives Market Key Opportunities and Forecast up to 2028Posted by niket gore on September 16th, 2022 Hot melt adhesives are also known as hot glue, and these are 100% formulation of thermoplastic adhesives. Hot glue sticks are available with different diameters and design. The growing application from several end use industries is the major driver for the growth of hot melt adhesives market. Hot melt adhesives offer superior properties such as versatility, resistance to water & moisture, and low cost make these adhesives an ideal choice for many applications. Many industries are adopting the hot melt adhesives over solvent-based adhesives. Hot melt adhesives offer superior properties such as versatility, resistance to water & moisture, and low cost make these adhesives as the ideal choice for many applications. Hot melt adhesives are used when the glued products can be in contact with water or moisture, including boxes for shipping food. Utilizing traditional glues in such cases can take several minutes, and further they can cause a worker to hold on to the items to keep the two surfaces together until the glue dries. With hot melt adhesives, the drying time has been cut down to seconds, leaving the person free to continue with the next task. Hot melt adhesives are nowadays preferred among various end-use industries to solvent adhesives, owing to advantages such as eco-friendliness, high productivity induced by process automation, and re-adhesion possibility. Hot melt adhesives do not need any drying or curing like solvent-based adhesives. Hot melt adhesives can further apply in the molten state itself, so that it can be bonded immediately post application. This further provide hot melt adhesives a significant advantage of faster processing time while applied to food packaging, consumer goods packaging, furniture, crafting, and others. Volatile organic compounds can be reduced or eliminated, and the drying or curing step can be eliminated while using hot melt adhesives. Hot melt adhesives can also be disposed with taking special precaution and it have long shelf life as compared to typical adhesives. Due to all these benefits industries are adopting the hot melt adhesives over solvent-based adhesives. Hot melt adhesives can also dissolve the polymer using water, owing to which most of the sectors are adopting these adhesives over solvent-adhesives. Moreover, manufacturers are offering innovative products to cater to this demand. In September 2020, SABA announced the launch of a new hot melt adhesive in the market – Sabamelt 4732, which was meant to produce pocket coil units. The company could see an increased demand for environment-friendly, solvent-free foam bonding solutions. Expansion of the company’s product portfolio with new, high-quality hot melt adhesives brought more value to bedding, as well as furniture manufacturers. SABA’s pocket coil hot melt is the first addition, and the company is planning to bring more such products to the market. A few well-established players operating in the global hot melt adhesives market are H.B. Fuller Company; Henkel AG & Company; KGaA; Arkema; 3M; Sika AG; Jowat SE; Hexcel Corporation; The Dow Chemical Company; Beardow Adams; Adtech, and Gorilla Glue Company. Impact of COVID-19 Pandemic on Hot Melt Adhesives Market The ongoing pandemic has drastically altered the status of the adhesive industry and has negatively impacted the growth of the hot melt adhesives market. The COVID-19 outbreak has interrupted the operational efficiency and agitated the value chains, owing to the sudden closure of national as well as international boundaries, creating revenue loss along with damage. The disruptive value chain has had a negative impact on the raw material supply, which, in turn, is impacting the growth of the hot melt adhesives market. However, as the economies are planning to revive their operations, the demand for hot melt adhesives is presumed to rise globally. Post-pandemic, the demand for hot melt adhesives from the food packaging industry is rising since consumers are tending to order food products online. Also, postponed construction projects are presumed to resume, which will further provide opportunity for the hot melt adhesives market to grow. It is also presumed that the DIY residential segment will bring growth opportunity for the hot melt adhesives market in the upcoming future. As a large number of people are confined to their homes due to this pandemic, re-designing and home improvement projects are expected to increase. In this case, DIY products such as hot melt adhesives should be beneficial from the short-term trend. This is especially true for home interior applications. Further, positive measures have been taken by the governments of various countries, and incorporation of advanced technology, is another factor anticipated to bolster the market growth. Safety measures followed by the companies include limiting direct contact with truck drivers & visitors, strengthening & communicating proper hygiene practices, and conducting complete sanitations & eliminating personnel contact during shift changes. With all these factors, it can be presumed that in post-pandemic times, the demand for hot melt adhesives from some application segments will take a hike. Global Hot Melt Adhesives Market – by Region, 2020 The report includes the segmentation of the global hot melt adhesives market as follows: By Product Type
By Type
By Application
By Geography
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