Hot Melt Adhesives Market Study Offers In-depth Insights, Forecast By 2028

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Hot Melt Adhesives Market Study Offers In-depth
Insights, Forecast By 2028
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Global Market Scenario of Hot Melt Adhesives
Industry
As per reports by Global Market Insights Inc.,
the hot melt adhesives market is set to hit an
overall evaluation of more than USD 19.35 billion
by 2028. The rising demand for high-quality and
advanced products across industries such as
manufacturing, automobile, furniture, packaging,
and others is projected to open new growth
prospects for the overall hot melt adhesives
market. Additionally, the global shift in popular
demand from solvent-centric adhesives to hot melt
adhesives will also drive the market demand in
the foreseeable future. Hot melt adhesives are
largely used owing to their solvent-free
characteristics. Hot melt is used in various
settings because of its versatile nature
comprising bookbinding, packaging, products
assembly, graphic arts and many more. Moreover,
the increasing government initiatives to curb
environmental pollution has risen the demand for
green packaging solutions, and biodegradable hot
melt adhesives is one of them. The biodegradable
hot glue system works to meet the needs of
customers along with reducing the impact of using
adhesive for packaging.
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Moreover, in 2021, H.B Fuller, a leader in global
adhesives industry, declared a strategic
collaboration with Covestro, worlds biggest
polymer supplier to provide adhesives with a less
climate impact for the composites, woodwork,
automotive, and textile industries. The recently
analysed report forecasts the market progression
to be driven by the expanding application
spectrum of the product. Some of the pivotal
applications of hot melt adhesives
include- Disposables A synthetic rubber-centric
hot melt adhesive with main component being
thermoplastic block copolymer is largely used as
a hot melt adhesive in disposable products like
napkins and diapers and applied to its substrates
like tissues, nonwoven fabric, and polyethylene
films. Disposable hygiene products use hot melt
adhesives to ensure good core integrity as it
prevents the core from shifting, helps with
absorption, and makes sure it doesnt fall apart
when wet.
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360 Industry Analysis
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Packaging Packaging accounts for the primary
share of the hot melt adhesives market. Hot melt
adhesives are perfect fit for packaging, being
economical and simple to apply and providing
excellent bonding on different types of materials
used. They can bond detailed, small cartons to
heavy-duty wraparound cases. Moreover, they are
considered apt for bonding every type of
packaging due to the availability of different
formulas. Furthermore, hot melt has high heat
resistance along with formulas that can tolerate
temperatures as less as -40 degrees Celsius along
with humid climates. This feature enables HMAs to
be extensively used across the packaging sector.
Not to mention, different leaders are now opting
hot melt adhesives to support reduction in
plastic waste across the packaging
industry. Speaking on these lines, Henkel
Adhesive Technologies recently introduced an
innovative hot melt adhesive to help reduce
dependence on packaging materials and single-use
plastic wraps.
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Competitive Analysis
Automobile Reactive hot melt adhesives like
silane modified polyolefin and polyurethane (PUR)
hot melt gluers are the common adhesives used
across automotive and other industries. The
adhesives used in automobiles are light which
contribute to reduction of the weight of vehicle.
They create strong bonds along with offering
flexibility of movements such as expansion and
contraction. Moreover, these adhesives have
superior strength, fast processing, facilitate
repositioning and handling, and have an excellent
shelf life. They create impact-resistant tough
bonds which are also weather and chemical
resistant along with having high shear strength
and high abrasion resistance. These features have
indeed propelled HMA market prospects across the
automotive industry. Analysts anticipate the hot
melt adhesives market value from automotive
application to surpass USD 1.45 billion by 2028
end. In a nutshell, the increased demand for hot
melt adhesives in packaging, food and beverage,
automobile, and other industries along with the
presence of environment friendly adhesive
solutions will complement the growth of the
overall market.
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Latest Research Report On Hot Melt Adhesives
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