Hot Melt Adhesives Market

Hot Melt Adhesives Market Size, Share, Trends, Growth, and Industry Analysis, By Raw Material (Ethylene Vinyl Acetate (EVA), Polyester, Polyurethane, Polyolefins, Styrenic Block Copolymers (SBC), and Others), Application (Packaging, Building & Construction, Assembly, Woodworking, Footwear & Leather, Transportation, Nonwovens, Bookbinding, and Others), and Regional Analysis and Forecast 2032.

Chemical & Material | April 2024 | Report ID: EMR00691 | Pages: 252

Global Hot Melt Adhesives market is predicted to reach approximately USD 12.15 billion by 2032, at a CAGR of 5.71% from 2024 to 2032.


Hot melt adhesives find widespread use across various sectors including packaging, construction, automotive, and electronics due to their quick setting time, high bond strength, and versatility. The market is driven by factors such as increasing demand for efficient and fast bonding solutions, growing trend towards lightweight and sustainable packaging materials, and advancements in adhesive technologies. However, challenges such as volatile raw material prices and environmental concerns regarding the disposal of hot melt adhesives are also impacting market growth. Despite these challenges, the market is poised for significant expansion in the coming years, driven by innovations in product formulations, increasing adoption of hot melt adhesives in emerging economies, and rising investments in research and development activities aimed at enhancing adhesive performance and sustainability.


Global Hot Melt Adhesives report scope and segmentation.

Report Attribute


Estimated Market Value (2023)

USD 7.37 Billion

Projected Market Value (2032)

USD 12.15 Billion

Base Year


Forecast Years

2024 – 2032

Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Based on By Raw Material, By Application, & Region.

Segments Covered

By Raw Material, By Application, & By Region.

Forecast Units

Value (USD Million or Billion), and Volume (Units)

Quantitative Units

Revenue in USD Million/billion and CAGR from 2024 to 2032.

Regions Covered

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Countries Covered

U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others.

Report Coverage

Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis.

Delivery Format

Delivered as an attached PDF and Excel through email, according to the purchase option.


Global Hot Melt Adhesives dynamics

Rapid industrialization and urbanization, particularly in emerging economies, are driving the demand for hot melt adhesives across diverse applications such as packaging, construction, automotive, and electronics. Moreover, the shift towards lightweight and sustainable packaging materials in response to environmental concerns is further bolstering market growth. Additionally, advancements in adhesive technologies, such as the development of low-VOC (volatile organic compound) formulations and bio-based adhesives, are enhancing product performance and sustainability, thereby expanding the application scope of hot melt adhesives.

However, the market faces difficulties such shifting raw material prices, which can affect manufacturers' pricing strategies and manufacturing costs. Moreover, businesses are being forced to invest in environmentally friendly substitutes and waste management techniques as a result of stricter environmental requirements pertaining to the recycling and disposal of hot melt adhesives. Intense competition among the major companies in the market also contributes to advances in product formulation, strategic alliances, and mergers and acquisitions as means of gaining a competitive edge.


Global Hot Melt Adhesives drivers

  • Increasing Demand for Efficient Bonding Solutions

The global hot melt adhesives market is being driven by the rising demand for efficient bonding solutions across various industries such as packaging, construction, automotive, and electronics. Hot melt adhesives offer several advantages over traditional bonding methods, including quick setting time, high bond strength, and versatility in application. As industries strive for improved productivity and cost-effectiveness, the demand for hot melt adhesives continues to grow. Manufacturers are responding to this trend by developing innovative adhesive formulations tailored to specific industry needs, further fuelling market expansion.

  • Shift Towards Sustainable Packaging Materials

Sustainable packaging materials are becoming increasingly popular as a result of mounting environmental concerns and governmental pressure to lower carbon emissions. Because they make it possible to attach a variety of environmentally friendly substrates, including paperboard, bioplastics, and recycled materials, hot melt adhesives are essential to this shift. Furthermore, low-VOC and bio-based hot melt adhesives have been developed as a result of improvements in adhesive technologies, providing ecologically acceptable substitutes for conventional solvent-based adhesives. Demand for these environmentally friendly hot melt adhesives is anticipated to soar as businesses work to implement greener procedures and satisfy sustainability goals, propelling market expansion.



  • Fluctuating Raw Material Prices

The hot melt adhesives market is susceptible to fluctuations in raw material prices, particularly petroleum-derived feedstock such as ethylene and propylene. Volatility in crude oil prices and geopolitical tensions can significantly impact the production costs of hot melt adhesives, posing challenges for manufacturers in maintaining competitive pricing strategies. Additionally, disruptions in the supply chain due to unforeseen events such as natural disasters or political unrest can further exacerbate raw material shortages and price instability, restraining market growth.

  • Stringent Environmental Regulations

Environmental regulations regarding the disposal and recycling of hot melt adhesives are becoming increasingly stringent globally. Solvent-based adhesives, commonly used in the past, pose environmental hazards due to their high VOC emissions and potential toxicity. As a result, regulatory authorities are imposing stricter limits on VOC emissions and promoting the use of eco-friendly adhesive alternatives. Compliance with these regulations requires investment in research and development to develop low-VOC formulations and sustainable waste management practices, adding to the operational costs for manufacturers and acting as a restraint on market growth.



  • Advancements in Adhesive Technologies

In the market for hot melt adhesives, ongoing developments in adhesive technology offer chances for product differentiation and innovation. Research and development initiatives aimed at improving adhesive performance—such as increasing temperature resistance, bond strength, and compatibility with various substrates—can lead to new application opportunities and draw in clients looking for better bonding options. Moreover, the creation of environmentally friendly formulations, such as bio-based adhesives and renewable feedstocks, gives producers a competitive edge and is in line with the increased emphasis on sustainability. Companies may differentiate their products, gain market share, and profit from changing consumer demands for high-performance and environmentally responsible adhesive solutions by being on the front edge of technological innovation.


Segment Overview

  • By Raw Material

The market encompasses a variety of raw materials used in hot melt adhesive formulations, including Ethylene Vinyl Acetate (EVA), Polyester, Polyurethane, Polyolefins, Styrenic Block Copolymers (SBC), and others. Ethylene Vinyl Acetate (EVA) is a commonly used material known for its excellent adhesion properties and flexibility, making it suitable for applications such as packaging, woodworking, and nonwovens. Polyester-based adhesives offer high heat resistance and are frequently used in automotive and construction applications. Polyurethane adhesives provide superior bonding strength and durability, making them ideal for assembly, transportation, and footwear applications. Polyolefins, including polyethylene and polypropylene, are valued for their versatility and compatibility with various substrates, finding use in packaging and assembly. Styrenic Block Copolymers (SBC) offer exceptional tack and peel strength, making them suitable for demanding applications such as bookbinding and nonwovens.

  • By Application

The market caters to a diverse range of applications, including packaging, building & construction, assembly, woodworking, footwear & leather, transportation, nonwovens, bookbinding, and others. Packaging applications dominate the market, driven by the need for efficient and secure bonding solutions in industries such as food & beverage, pharmaceuticals, and consumer goods packaging. Building & construction applications utilize hot melt adhesives for bonding insulation materials, panels, and flooring, benefiting from their quick setting time and high bond strength. Assembly applications encompass a wide range of industries, including automotive, electronics, and furniture, where hot melt adhesives are used for joining components and assemblies. Woodworking applications utilize hot melt adhesives for edge banding, lamination, and furniture assembly, leveraging their ease of use and fast curing properties.

Footwear & leather applications rely on hot melt adhesives for bonding shoe components and leather goods, offering superior bonding strength and flexibility. Transportation applications involve the use of hot melt adhesives for interior trim assembly, headliner bonding, and automotive component bonding, ensuring durability and performance under demanding conditions. Nonwovens applications encompass bonding nonwoven fabrics for hygiene products, filters, and wipes, benefiting from hot melt adhesives' ability to provide strong and consistent bonds. Bookbinding applications utilize hot melt adhesives for spine gluing and perfect binding, offering excellent adhesion and durability for bookbinding processes.


Global Hot Melt Adhesives Overview by Region

North America holds a significant share of the market, driven by the robust presence of industries such as packaging, automotive, and construction. The region benefits from technological advancements and stringent regulatory standards, fostering the adoption of eco-friendly adhesive solutions. Europe is another key market for hot melt adhesives, characterized by a strong emphasis on sustainability and innovation. The region's stringent environmental regulations drive demand for low-VOC and bio-based adhesives, while industries such as automotive and electronics contribute to market growth.

Asia Pacific emerges as a rapidly growing market, fuelled by rapid industrialization, urbanization, and infrastructure development in countries such as China, India, and Southeast Asian nations. The region's burgeoning packaging and construction sectors, coupled with increasing investments in manufacturing and automotive industries, propel the demand for hot melt adhesives. Moreover, rising disposable incomes and changing consumer preferences towards eco-friendly products drive market expansion in the region. Latin America and the Middle East & Africa regions also present opportunities for market growth, albeit at a slower pace compared to other regions. These regions witness increasing investments in infrastructure projects and manufacturing activities, driving demand for hot melt adhesives in packaging, construction, and automotive applications.



Global Hot Melt Adhesives market competitive landscape

Major companies such as Henkel AG & Co. KGaA, H.B. Fuller Company, 3M Company, Arkema Group, and Dow Inc. dominate the market, leveraging their extensive product portfolios, global presence, and strong R&D capabilities. These companies focus on developing advanced adhesive formulations tailored to specific industry needs, such as high-performance adhesives for automotive and electronics applications or eco-friendly adhesives for packaging and construction. Additionally, strategic collaborations with raw material suppliers, distributors, and end-users help these companies strengthen their market foothold and enhance their competitive advantage. Moreover, smaller players and regional manufacturers play a significant role in niche markets, offering specialized adhesive solutions and catering to local demand. As the market continues to evolve, competition intensifies, prompting companies to invest in innovation and sustainability initiatives to differentiate their products and capture market share in the increasingly competitive landscape of the hot melt adhesives market.


Global Hot Melt Adhesives Recent Developments

  • In January 2022, H.B. Fuller Company finalized its acquisition of Apollo, a prominent U.K.-based producer of liquid adhesives, coatings, and primers serving the roofing, industrial, and construction sectors. This strategic move significantly bolsters H.B. Fuller's presence in key construction markets throughout Europe, particularly in the United Kingdom.
  • In February 2022, H.B. Fuller continued its expansion by acquiring Fourny NV, headquartered in Belgium. Fourny NV specializes in construction adhesives and possesses extensive expertise in technologies tailored for commercial roofing, construction projects, and various private label industrial applications. With Fourny's strong foothold in the commercial roofing sector, H.B. Fuller aims to enhance its product localization capabilities, particularly with products previously imported from the United States.


Scope of global Hot Melt Adhesives report

Global Hot Melt Adhesives report segmentation



By Raw Material

  • Ethylene Vinyl Acetate (EVA)
  • Polyester
  • Polyurethane
  • Polyolefins
  • Styrenic Block Copolymers (SBC)
  • Others

By Application

  • Packaging
  • Building & Construction
  • Assembly
  • Woodworking
  • Footwear & Leather
  • Transportation
  • Nonwovens
  • Bookbinding
  • Others

By Geography

  • North America (USA, and Canada)
  • Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
  • Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
  • Latin America (Brazil, Mexico, and Rest of Latin America)
  • Middle East & Africa (South Africa, GCC, and Rest of Middle East & Africa)

Customization Scope

  • Available upon request


  • Available upon request


Objectives of the Study

The objectives of the study are summarized in 5 stages. They are as mentioned below:

  • Global Hot Melt Adhesives size and forecast: To identify and estimate the market size for global Hot Melt Adhesives market segmented by Raw Material, By Application, and by region. Also, to understand the consumption/ demand created by consumers between 2024 and 2032.
  • Market Landscape and Trends: To identify and infer the drivers, restraints, opportunities, and challenges for global Hot Melt Adhesives
  • Market Influencing Factors: To find out the factors which are affecting the market of global Hot Melt Adhesives among consumers.
  • Company Profiling: To provide a detailed insight into the major companies operating in the market. The profiling will include the financial health of the company's past 2-3 years with segmental and regional revenue breakup, product offering, recent developments, SWOT analysis, and key strategies.

Research Methodology

Our research methodology has always been the key differentiating reason which sets us apart in comparison from the competing organizations in the industry. Our organization believes in consistency along with quality and establishing a new level with every new report we generate; our methods are acclaimed and the data/information inside the report is coveted. Our research methodology involves a combination of primary and secondary research methods. Data procurement is one of the most extensive stages in our research process. Our organization helps in assisting the clients to find the opportunities by examining the market across the globe coupled with providing economic statistics for each and every region.  The reports generated and published are based on primary & secondary research. In secondary research, we gather data for global Market through white papers, case studies, blogs, reference customers, news, articles, press releases, white papers, and research studies. We also have our paid data applications which includes hoovers, Bloomberg business week, Avention, and others.

Data Collection

Data collection is the process of gathering, measuring, and analyzing accurate and relevant data from a variety of sources to analyze market and forecast trends. Raw market data is obtained on a broad front. Data is continuously extracted and filtered to ensure only validated and authenticated sources are considered. Data is mined from a varied host of sources including secondary and primary sources.

Primary Research

After the secondary research process, we initiate the primary research phase in which we interact with companies operating within the market space. We interact with related industries to understand the factors that can drive or hamper a market. Exhaustive primary interviews are conducted. Various sources from both the supply and demand sides are interviewed to obtain qualitative and quantitative information for a report which includes suppliers, product providers, domain experts, CEOs, vice presidents, marketing & sales directors, Type & innovation directors, and related key executives from various key companies to ensure a holistic and unbiased picture of the market. 

Secondary Research

A secondary research process is conducted to identify and collect information useful for the extensive, technical, market-oriented, and comprehensive study of the market. Secondary sources include published market studies, competitive information, white papers, analyst reports, government agencies, industry and trade associations, media sources, chambers of commerce, newsletters, trade publications, magazines, Bloomberg BusinessWeek, Factiva, D&B, annual reports, company house documents, investor presentations, articles, journals, blogs, and SEC filings of companies, newspapers, and so on. We have assigned weights to these parameters and quantified their market impacts using the weighted average analysis to derive the expected market growth rate.

Top-Down Approach & Bottom-Up Approach

In the top – down approach, the Global Batteries for Solar Energy Storage Market was further divided into various segments on the basis of the percentage share of each segment. This approach helped in arriving at the market size of each segment globally. The segments market size was further broken down in the regional market size of each segment and sub-segments. The sub-segments were further broken down to country level market. The market size arrived using this approach was then crosschecked with the market size arrived by using bottom-up approach.

In the bottom-up approach, we arrived at the country market size by identifying the revenues and market shares of the key market players. The country market sizes then were added up to arrive at regional market size of the decorated apparel, which eventually added up to arrive at global market size.

This is one of the most reliable methods as the information is directly obtained from the key players in the market and is based on the primary interviews from the key opinion leaders associated with the firms considered in the research. Furthermore, the data obtained from the company sources and the primary respondents was validated through secondary sources including government publications and Bloomberg.

Market Analysis & size Estimation

Post the data mining stage, we gather our findings and analyze them, filtering out relevant insights. These are evaluated across research teams and industry experts. All this data is collected and evaluated by our analysts. The key players in the industry or markets are identified through extensive primary and secondary research. All percentage share splits, and breakdowns have been determined using secondary sources and verified through primary sources. The market size, in terms of value and volume, is determined through primary and secondary research processes, and forecasting models including the time series model, econometric model, judgmental forecasting model, the Delphi method, among Flywheel Energy Storage. Gathered information for market analysis, competitive landscape, growth trends, product development, and pricing trends is fed into the model and analyzed simultaneously.

Quality Checking & Final Review

The analysis done by the research team is further reviewed to check for the accuracy of the data provided to ensure the clients’ requirements. This approach provides essential checks and balances which facilitate the production of quality data. This Type of revision was done in two phases for the authenticity of the data and negligible errors in the report. After quality checking, the report is reviewed to look after the presentation, Type and to recheck if all the requirements of the clients were addressed.

Frequently Asked Questions

Global Hot Melt Adhesives forecast period is 2024 - 2032.
According to global Hot Melt Adhesives research, the market is expected to grow at a CAGR of ~ 5.71% over the next eight years.
The possible segments in global Hot Melt Adhesives are based on by Raw Material, By Application, & by region.
The expected market size for Global Hot Melt Adhesives is USD 7.37 billion in 2023.
The major players in the market are Bostik, MELER, H.B. Fuller Company, AVERY DENNISON CORPORATION, Henkel AG & Co. KGaA, 3M, Exxon Mobil Corporation, LyondellBasell Industries Holdings B.V., Jowat SE, Dow Inc., Arkema Group, Sika AG, TEX YEAR INDUSTRIES INC., Embagrap SA, and Sanyhot Adhesivos, S.A.

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