United States hot melt adhesives market size reached US$ 1.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 2.97 Billion by 2032, exhibiting a growth rate (CAGR) of 7.77% during 2024-2032. The widespread adoption of customized and flexible packaging, along with the growing demand for these formulations, as they don’t contain volatile organic compounds (VOCs) that can impact the food quality, is primarily driving the market growth across the country.
Report Attribute
|
Key Statistics
|
---|---|
Base Year
|
2023
|
Forecast Years
|
2024-2032
|
Historical Years
|
2018-2023
|
Market Size in 2023
|
US$ 1.5 Billion |
Market Forecast in 2032
|
US$ 2.97 Billion |
Market Growth Rate 2024-2032 | 7.77% |
Hot melt adhesives typically consist of solid formulations based on thermoplastic polymers, remaining in a solid state at normal temperatures but transitioning into a liquid form when heated beyond their softening point. Upon cooling and solidifying, they regain structural integrity and function as adhesives. The manufacturing process involves blending thermoplastics with waxes, plasticizers, fillers, resins, and antioxidants. Application methods for hot melt adhesives include extrusion, screen printing, spiral spraying, melt blowing, slot die coating, among others. Notably, these adhesives exhibit rapid bonding capabilities with various materials, such as plastics, ceramics, glass, paper, rubber, wood, and metal, surpassing the speed of bonding achieved by many other adhesive types. Consequently, their widespread adoption is evident in diverse industries, including packaging, construction, electronics, textiles, and automotive, highlighting their versatility and efficiency across a range of applications.
The United States hot melt adhesives market is experiencing robust growth, propelled by the versatile applications and efficiency of these adhesives across multiple industries. This market's formulations often involve the blending of thermoplastics with waxes, plasticizers, fillers, resins, and antioxidants to achieve desired properties. One of the key advantages driving their popularity is the instant bonding capability with diverse materials like plastics, ceramics, glass, paper, rubber, wood, and metal. Additionally, this makes hot melt adhesives indispensable in sectors, such as packaging, construction, electronics, textiles, and automotive, where rapid and reliable bonding is crucial, thereby positively influencing the regional market. Besides this, the United States market witnesses various application methods, including extrusion, screen printing, spiral spraying, and melt blowing, contributing to their widespread adoption. Moreover, as industries prioritize efficiency and versatility in adhesive solutions, the United States hot melt adhesives market is poised for sustained expansion, catering to the evolving needs of diverse sectors seeking reliable and fast-bonding solutions over the forecasted period.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on resin type, application, and product form.
Resin Type Insights:
The report has provided a detailed breakup and analysis of the market based on the resin type. This includes ethylene vinyl acetate (EVA), styrenic block copolymers (SBC), mettalocene polyolefin (MPO), amorphous polyalphaolefins (APAO), polyolefins, polyamides, polyurethane (PU), and others.
Application Insights:
A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes packaging, automotive, printing and publishing, furnitures and woodwork, textiles, electronics, construction, and others.
Product Form Insights:
The report has provided a detailed breakup and analysis of the market based on the product form. This includes pellets, blocks, glue sticks, and others.
Regional Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include the Northeast, Midwest, South, and West.
The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Report Features | Details |
---|---|
Base Year of the Analysis | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Units | US$ Billion |
Scope of the Report | Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment:
|
Resin Types Covered | Ethylene Vinyl Acetate (EVA), Styrenic Block Copolymers (SBC), Mettalocene Polyolefin (MPO), Amorphous Polyalphaolefins (APAO), Polyolefins, Polyamides, Polyurethane (PU), Others |
Applications Covered | Packaging, Automotive, Printing and Publishing, Furnitures and Woodwork, Textiles, Electronics, Construction, Others |
Product Forms Covered | Pellets, Blocks, Glue Sticks, Others |
Regions Covered | Northeast, Midwest, South, West |
Customization Scope | 10% Free Customization |
Report Price and Purchase Option | Single User License: US$ 3699 Five User License: US$ 4699 Corporate License: US$ 5699 |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |