Hot Melt Adhesives market projected to reach $12.10 billion by 2032 with steady growth
From GlobeNewswire: 2025-02-06 10:00:00
The Hot Melt Adhesives (HMA) market is projected to reach USD 12.10 billion by 2032, with a CAGR of 4.11% from 2024-2032. HMAs offer rapid curing and strong adhesive properties, widely used in packaging, automotive, construction, electronics, and textiles industries for their efficiency and cost-effectiveness.
E-commerce growth, particularly in Asia Pacific, is boosting demand for HMAs in packaging solutions. HMAs provide strong adhesion for secure packaging, ensuring products are protected during transit. Their versatility allows for meeting retail standards, essential for maintaining customer satisfaction.
Ethylene Vinyl Acetate (EVA) dominated the HMA market in 2023, holding over 34.8% market share. EVA’s versatility, cost-efficiency, and performance make it popular for packaging applications, especially in sealing and labeling products. The packaging segment also led in demand, accounting for over 39.2% market share in 2023, driven by carton sealing and food packaging applications.
The Asia Pacific region led the HMA market in 2023, with a market share of 32.8%, projected to have the highest CAGR from 2024-2032. Rapid industrialization and urbanization in emerging economies drive demand for HMAs across various industries. The region’s market is poised for growth due to expanding applications and innovations in product development.
In December 2023, Henkel Adhesive Technologies launched the Technomelt E-COM portfolio to meet e-commerce packaging needs, reflecting the industry’s response to evolving market demands. Henkel introduced bio-based hot melt adhesives with CO2-capturing capabilities in June 2024, revolutionizing sustainable adhesive solutions for industrial applications. Avery Dennison partnered with Dow in April 2023 to create a new hot melt label adhesive that promotes sustainability by enabling the mechanical reuse of polyolefin filmic labels on packaging. This innovative product line aims to boost productivity in on-demand packaging technologies by providing right-sized cartons and envelopes with hot melt adhesive solutions. The Hot Melt Adhesives (HMA) market is segmented by product and application, with a focus on regional analysis and company profiles. SNS Insider offers market research and consulting services to provide clients with up-to-date market data and insights to make informed decisions in changing circumstances.
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