Lucintel’s latest market report analyzed that hot melt adhesives provides attractive opportunities in styrene block copolymers (SBCs), appliance, entertainment, lighting, HVAC, healthcare, and kitchen polymer type. The hot melt adhesives market is expected to reach $11.9 billion by 2027 with a CAGR of 5%. In this market, styrene block copolymers (SBCs) is the largest segment by polymer type, whereas automotive is largest by application type. Development of bio-based hot melt adhesives for assisting customers in reducing their dependence on petroleum based materials in packaging applications provides strategic growth path in this market.
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Based on polymer type, the hot melt adhesives market is segmented into ethylene vinyl acetate based hot melt adhesives, styrene block copolymers based hot melt adhesives, polyolefin based hot melt adhesives, polyurethane based hot melt adhesives, and other hot melt adhesives. The styrene block copolymers (SBCs) segment accounted for the largest share of the market in 2021 and is expected to register the highest CAGR during the forecast period, due to polymer type because SBCs offer better cohesion, strength, and heat resistance. These properties of SBCs have presented sound opportunities for hot melt adhesives in the pressure sensitive adhesives industry, which will spur growth for this segment over the forecast period.
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70 – Tables
79 – Figures
179 – Pages
The Hot Melt Adhesives Market is marked by the presence of several big and small players. Some of the prominent players offering hot melt adhesives include Henkel, 3M Company, The Dow Chemical Company, H.B. Fuller, and Sika AG.
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