Market Overview:
The global functional hot melt adhesive market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for adhesives from various end-use industries, such as paper packaging, bookbinding, label and tape, hygiene, transportation, construction, woodworking and textile/footwear. In terms of type, reactive hot melt adhesive is expected to be the fastest-growing segment during the forecast period. This can be attributed to its properties such as high bonding strength and chemical resistance.
Product Definition:
Functional Hot Melt Adhesives are adhesives that have been specifically designed to meet the needs of a particular application. They are often used in high-performance applications where traditional adhesives cannot meet the requirements. Functional Hot Melt Adhesives can be used for a variety of purposes, including bonding, sealing, and coating.
Reactive Hot Melt Adhesive:
Reactive hot melt adhesive, also known as thermosetting or heat-activated adhesives, are synthetic materials that change their physical and chemical properties when exposed to elevated temperature. They offer high bond strength and resistance to chemicals and solvents. Reactive hot melts can be manufactured using a wide range of polymers including acrylics, polyesters, epoxies/polyurethanes along with natural products such as proteins & collagen.
Water Dispersing Hot Melt Adhesive:
Water dispersing hot melt adhesive (W DHMA) is a special type of hot melt adhesives, which are used for coating various substrates such as paper, plastics, metal foils and others. The product has excellent water resistance properties and can be easily removed from the substrate by water. It also helps in reducing the overall weight of the equipment required to carry out removal operations.
Application Insights:
Paper packaging was the largest application segment in 2017 and is projected to continue its dominance over the forecast period. The product offers excellent adhesion and peeling properties, which help prevent paper from becoming detached from pouches, bags or boxes. It also helps maintain the structural integrity of paper during transportation and storage. Functional hot melt adhesive has been used extensively for labeling purposes as it provides high-temperature resistance along with UV stability required for outdoor applications.
The label & tape application segment is expected to witness a CAGR of XX% over the forecast period owing to increasing demand for self-adhesive labels & tapes in various industries such as food & beverages, medical devices, industrial manufacturing facilities among others. Labels are generally used on products during production cycles where there is a high risk of contamination or where physical contact with other materials needs to be avoided such as electronics components or pharmaceuticals among others.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to several emerging economies, including China, India, Indonesia and Vietnam. Rapidly growing population in these countries coupled with increasing disposable income levels are expected to drive product demand over the forecast period.
China has emerged as a major manufacturing hub for numerous consumer goods such as shoes, textiles and garments among others owing to low labor costs associated with it compared to other regions of the world. This trend is projected to continue over the coming years which will have a positive impact on overall industry growth across Asia Pacific region.
The European market was valued at USD X billion in 2017.
Growth Factors:
- Increasing demand from end-use industries: The global functional hot melt adhesive market is expected to grow at a CAGR of 5.5% during the forecast period, owing to the increasing demand from end-use industries such as automotive, construction, and packaging.
- Rising popularity of green adhesives: Functional hot melt adhesives are gaining popularity owing to their environmental benefits over traditional solvent-based adhesives. These adhesives are non-toxic and emit low levels of volatile organic compounds (VOCs), which makes them ideal for applications in eco-friendly products.
- Growing use of composites: Functional hot melt adhesive finds widespread application in composite materials due to its ability to provide high bonding strength and resistance against heat and moisture ingress. This is expected to drive the growth of the global functional hot melt adhesive market during the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Functional Hot Melt Adhesives Market Research Report
By Type
Reactive Hot Melt Adhesive, Water Dispersing Hot Melt Adhesive, Hot Melt Sealant Adhesive, Hot Melt Pressure Sensitive Adhesive, Other
By Application
Paper Packaging, Bookbinding, Label and Tape, Hygiene, Transportation, Construction, Woodworking, Textile/Footwear, Others
By Companies
Henkel, 3M, H.B. Fuller, Sika, DowDuPont, Sipol, Bostik Inc, Beardow & ADAMS, Jowat, Avery Dennison, Henkel, TEX YEAR INDUSTRIES, Nanpao, Tianyang, Renhe, CherngTay Technology, Zhejiang Good, Huate Bonding Material, Evonik, Huntsman, Schaetti, Bühnen
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
210
Number of Tables & Figures
147
Customization Available
Yes, the report can be customized as per your need.
Global Functional Hot Melt Adhesives Market Report Segments:
The global Functional Hot Melt Adhesives market is segmented on the basis of:
Types
Reactive Hot Melt Adhesive, Water Dispersing Hot Melt Adhesive, Hot Melt Sealant Adhesive, Hot Melt Pressure Sensitive Adhesive, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Paper Packaging, Bookbinding, Label and Tape, Hygiene, Transportation, Construction, Woodworking, Textile/Footwear, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Henkel
- 3M
- H.B. Fuller
- Sika
- DowDuPont
- Sipol
- Bostik Inc
- Beardow & ADAMS
- Jowat
- Avery Dennison
- Henkel
- TEX YEAR INDUSTRIES
- Nanpao
- Tianyang
- Renhe
- CherngTay Technology
- Zhejiang Good
- Huate Bonding Material
- Evonik
- Huntsman
- Schaetti
- Bühnen
Highlights of The Functional Hot Melt Adhesives Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Reactive Hot Melt Adhesive
- Water Dispersing Hot Melt Adhesive
- Hot Melt Sealant Adhesive
- Hot Melt Pressure Sensitive Adhesive
- Other
- By Application:
- Paper Packaging
- Bookbinding
- Label and Tape
- Hygiene
- Transportation
- Construction
- Woodworking
- Textile/Footwear
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Functional Hot Melt Adhesives Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Functional hot melt adhesives are a type of adhesive that is used to attach two pieces of material together. They are made up of a hot melt adhesive and an activator. The hot melt adhesive is applied to one surface of the material that you want to attach, and the activator is then applied to the other surface. This causes the two surfaces to bond together, forming a permanent connection.
Some of the key players operating in the functional hot melt adhesives market are Henkel, 3M, H.B. Fuller, Sika, DowDuPont, Sipol, Bostik Inc, Beardow & ADAMS, Jowat, Avery Dennison, Henkel, TEX YEAR INDUSTRIES, Nanpao, Tianyang, Renhe, CherngTay Technology, Zhejiang Good, Huate Bonding Material, Evonik, Huntsman, Schaetti, B¼hnen.
The functional hot melt adhesives market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Functional Hot Melt Adhesives Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Functional Hot Melt Adhesives Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Functional Hot Melt Adhesives Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Functional Hot Melt Adhesives Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Functional Hot Melt Adhesives Market Size & Forecast, 2018-2028
4.5.1 Functional Hot Melt Adhesives Market Size and Y-o-Y Growth
4.5.2 Functional Hot Melt Adhesives Market Absolute $ Opportunity
Chapter 5 Global Functional Hot Melt Adhesives Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Functional Hot Melt Adhesives Market Size Forecast by Type
5.2.1 Reactive Hot Melt Adhesive
5.2.2 Water Dispersing Hot Melt Adhesive
5.2.3 Hot Melt Sealant Adhesive
5.2.4 Hot Melt Pressure Sensitive Adhesive
5.2.5 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Functional Hot Melt Adhesives Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Functional Hot Melt Adhesives Market Size Forecast by Applications
6.2.1 Paper Packaging
6.2.2 Bookbinding
6.2.3 Label and Tape
6.2.4 Hygiene
6.2.5 Transportation
6.2.6 Construction
6.2.7 Woodworking
6.2.8 Textile/Footwear
6.2.9 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Functional Hot Melt Adhesives Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Functional Hot Melt Adhesives Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Functional Hot Melt Adhesives Analysis and Forecast
9.1 Introduction
9.2 North America Functional Hot Melt Adhesives Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Functional Hot Melt Adhesives Market Size Forecast by Type
9.6.1 Reactive Hot Melt Adhesive
9.6.2 Water Dispersing Hot Melt Adhesive
9.6.3 Hot Melt Sealant Adhesive
9.6.4 Hot Melt Pressure Sensitive Adhesive
9.6.5 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Functional Hot Melt Adhesives Market Size Forecast by Applications
9.10.1 Paper Packaging
9.10.2 Bookbinding
9.10.3 Label and Tape
9.10.4 Hygiene
9.10.5 Transportation
9.10.6 Construction
9.10.7 Woodworking
9.10.8 Textile/Footwear
9.10.9 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Functional Hot Melt Adhesives Analysis and Forecast
10.1 Introduction
10.2 Europe Functional Hot Melt Adhesives Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Functional Hot Melt Adhesives Market Size Forecast by Type
10.6.1 Reactive Hot Melt Adhesive
10.6.2 Water Dispersing Hot Melt Adhesive
10.6.3 Hot Melt Sealant Adhesive
10.6.4 Hot Melt Pressure Sensitive Adhesive
10.6.5 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Functional Hot Melt Adhesives Market Size Forecast by Applications
10.10.1 Paper Packaging
10.10.2 Bookbinding
10.10.3 Label and Tape
10.10.4 Hygiene
10.10.5 Transportation
10.10.6 Construction
10.10.7 Woodworking
10.10.8 Textile/Footwear
10.10.9 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Functional Hot Melt Adhesives Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Functional Hot Melt Adhesives Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Functional Hot Melt Adhesives Market Size Forecast by Type
11.6.1 Reactive Hot Melt Adhesive
11.6.2 Water Dispersing Hot Melt Adhesive
11.6.3 Hot Melt Sealant Adhesive
11.6.4 Hot Melt Pressure Sensitive Adhesive
11.6.5 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Functional Hot Melt Adhesives Market Size Forecast by Applications
11.10.1 Paper Packaging
11.10.2 Bookbinding
11.10.3 Label and Tape
11.10.4 Hygiene
11.10.5 Transportation
11.10.6 Construction
11.10.7 Woodworking
11.10.8 Textile/Footwear
11.10.9 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Functional Hot Melt Adhesives Analysis and Forecast
12.1 Introduction
12.2 Latin America Functional Hot Melt Adhesives Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Functional Hot Melt Adhesives Market Size Forecast by Type
12.6.1 Reactive Hot Melt Adhesive
12.6.2 Water Dispersing Hot Melt Adhesive
12.6.3 Hot Melt Sealant Adhesive
12.6.4 Hot Melt Pressure Sensitive Adhesive
12.6.5 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Functional Hot Melt Adhesives Market Size Forecast by Applications
12.10.1 Paper Packaging
12.10.2 Bookbinding
12.10.3 Label and Tape
12.10.4 Hygiene
12.10.5 Transportation
12.10.6 Construction
12.10.7 Woodworking
12.10.8 Textile/Footwear
12.10.9 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Functional Hot Melt Adhesives Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Functional Hot Melt Adhesives Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Functional Hot Melt Adhesives Market Size Forecast by Type
13.6.1 Reactive Hot Melt Adhesive
13.6.2 Water Dispersing Hot Melt Adhesive
13.6.3 Hot Melt Sealant Adhesive
13.6.4 Hot Melt Pressure Sensitive Adhesive
13.6.5 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Functional Hot Melt Adhesives Market Size Forecast by Applications
13.10.1 Paper Packaging
13.10.2 Bookbinding
13.10.3 Label and Tape
13.10.4 Hygiene
13.10.5 Transportation
13.10.6 Construction
13.10.7 Woodworking
13.10.8 Textile/Footwear
13.10.9 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Functional Hot Melt Adhesives Market: Competitive Dashboard
14.2 Global Functional Hot Melt Adhesives Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Henkel
14.3.2 3M
14.3.3 H.B. Fuller
14.3.4 Sika
14.3.5 DowDuPont
14.3.6 Sipol
14.3.7 Bostik Inc
14.3.8 Beardow & ADAMS
14.3.9 Jowat
14.3.10 Avery Dennison
14.3.11 Henkel
14.3.12 TEX YEAR INDUSTRIES
14.3.13 Nanpao
14.3.14 Tianyang
14.3.15 Renhe
14.3.16 CherngTay Technology
14.3.17 Zhejiang Good
14.3.18 Huate Bonding Material
14.3.19 Evonik
14.3.20 Huntsman
14.3.21 Schaetti
14.3.22 Bühnen
