North America Hot Melt Adhesives Market
No. of Pages: 93 | Report Code: BMIRE00030497 | Category: Chemicals and Materials
No. of Pages: 93 | Report Code: BMIRE00030497 | Category: Chemicals and Materials
The North America hot melt adhesives market was valued at US$ 1,958.66 million in 2022 and is expected to reach US$ 3,012.90 million by 2030; it is estimated to register a CAGR of 5.5% from 2022 to 2030. Adoption of Bio-Based Hot-Melt Adhesives Fuels North America Hot Melt Adhesives Market
Hot melt adhesives are now used in several end-use industries; however, people demand bio-based and compostable hot melt adhesives that are environmentally friendly. Henkel has developed biobased hot melt adhesives technology, particularly suited for sustainability and circular economy uses. This development is mainly focused on reducing dependency on petroleum-based raw materials and diminishing the carbon footprint of different manufacturing operations. As one of the developers of these biobased hot melt adhesives chemistries, Henkel is looking to improve the way companies enhance their sustainable packaging initiatives. Ethylene vinyl acetate is used in biobased hot melt adhesives due to their eco-friendly & reliable nature. Using biobased and compostable hot melt adhesives, landfills can be saved to a larger extent. Jowatherm GROW is further providing hot melt adhesives based on renewable raw materials. The modern hot melt adhesives offered by the company are made up of bio-based materials and are recyclable. The company also follows German Packaging Law. Furthermore, the high content of renewable raw materials makes these adhesives environment friendly. The lower processing temperature also facilitates a significant amount of reduction of energy consumption, hence, helping in the conservation of resources as well as optimization of the working environment. In August 2019, Jowat announced the launch of its new Jowatherm GROW product range for use in packaging, prepared with bio-based hot melts for environmentally compatible bonding. According to Jowat, these products feature high renewable raw materials content, which will further offer high efficiency of working. Only resins prepared from crude liquid rosin are reportedly utilized in the adhesives' formulation.North America Hot Melt Adhesives Market Overview
The US, Canada, and Mexico are the major contributors to the hot melt adhesives market in North America. Hot melt adhesives manufacturing companies located in this region are continuously enhancing their overall business processes to cater to the demand of customers in the best possible way. Most of the domestic and international companies, such as H.B. Fuller Company, Henkel AG and Company KGAA, Arkema, 3M, and Hexcel Corporation, have a strong foothold in North America. Several raw material providers, distributors, and suppliers assist in the smooth delivery of products. Polyurethanes are highly utilized as one of the Hot melt adhesives types in this region in applications such as construction, electronics, trailer truck panel bonding, office furniture bonding, and medical devices. Hot melt adhesives can easily bond to several materials as well as surfaces, including ceramic, cardboard, metal, fabric, papers, and plastics, which makes them suitable options for do-it-yourself (DIY) applications. Moreover, the DIY application of hot melt adhesives is popular in North America. Hot melt adhesives are used in the stick form in DIY applications such as craft, general goods packaging, and woodworking. Hot melt adhesive guns are convenient to use and are easily available. These glue sticks are also used in the creation and finishing of synthetic fabrics. They are further used in polymer processing and textile converting in cars, home furnishing, carpeting, and other textile-based applications. Hot melt adhesives are also used in food packaging, printing, and publishing, consumer goods packaging, electronic products, textiles, and building and construction industries in North America. In food packaging applications, hot melt glue sticks are popularly used for sealing the box tops since they are free from volatile organic compounds (VOCs) that can compromise the quality of food products by creating a foul odor. Hot melt adhesives are also a popular choice in agricultural product packaging. These adhesives have versatile applications, as they perform well in hot climates, and their special freezer-grade variants are available for closing cartons of frozen food products.
3M is a major market player in the hot melt adhesives market in North America. It offers 3M Hot Melt Adhesive System, an environmentally friendly, virtually odorless bonding solution that improves productivity as well as aesthetics while minimizing waste. 3M Hot Melt Adhesives can harden and reach the desired bond strength within seconds to deliver speed in the production and packaging operations. These adhesives can be used with materials such as foams, fabrics, plastics, corrugated cardboard, particle board, and light-gauge metals. 3M Hot Melt Adhesive Systems delivers the combination of applicators, adhesives, also accessories needed for fast, convenient, and long-lasting binding. 3M offers hot melt adhesive sticks and bulk products, hot melt applicators, sprayable hot melt adhesives, and hot melt accessories in the North American market. These products are utilized in furniture and woodworking, transportation and electrical, packaging, corrugated carton sealing, product assembly, point-of-purchase, displays, and trade exhibits.
North America Hot Melt Adhesives Market Revenue and Forecast to 2030 (US$ Million)
Strategic insights for the North America Hot Melt Adhesives provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market. The geographic scope of the North America Hot Melt Adhesives refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
Get more information on this report North America Hot Melt Adhesives Strategic Insights
Get more information on this report North America Hot Melt Adhesives Report Scope
Report Attribute
Details
Market size in 2022
US$ 1,958.66 Million
Market Size by 2030
US$ 3,012.90 Million
Global CAGR (2022 - 2030)
5.5%
Historical Data
2020-2021
Forecast period
2023-2030
Segments Covered
By Product Type
By Type
Regions and Countries Covered
North America
Market leaders and key company profiles
Get more information on this report North America Hot Melt Adhesives Regional Insights
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North America Hot Melt Adhesives Market Segmentation
The North America hot melt adhesives market is categorized into product type, type, application, and country.
Based on product type, the North America hot melt adhesives market is segmented into glue sticks, glue slugs, and others. The glue sticks segment held the largest market share in 2022.
In terms of type, the North America hot melt adhesives market is segmented into ethylene vinyl acetate, polyolefins, polyamides, polyurethanes, styrene block copolymers, and other. The ethylene vinyl acetate segment held the largest share of North America hot melt adhesives market in 2022.
By application, the North America hot melt adhesives market is divided into packaging, construction, automotive, furniture, footwear, electronics, and others. The packaging segment held the largest share of North America hot melt adhesives market in 2022.
Based on country, the North America hot melt adhesives market is categorized into the US, Canada, and Mexico. The US dominated the North America hot melt adhesives market share in 2022.
H.B. Fuller Company; Henkel AG & COMPANY, KGAA; Arkema; 3M; Sika AG; Jowat SE; Hexcel Corporation; The Dow Chemical Company; Beardow Adams; Gorilla Glue Company; and Adhesive Technologies, Inc. are some of the leading companies operating in the North America Hot Melt Adhesives market.
1. H.B. Fuller Company
2. Henkel AG & COMPANY, KGAA
3. Arkema
4. 3M
5. Sika AG
6. Jowat SE
7. Hexcel Corporation
8. The Dow Chemical Company
9. Beardow Adams
10. Gorilla Glue Company
11. Adhesive Technologies, Inc.
The North America Hot Melt Adhesives Market is valued at US$ 1,958.66 Million in 2022, it is projected to reach US$ 3,012.90 Million by 2030.
As per our report North America Hot Melt Adhesives Market, the market size is valued at US$ 1,958.66 Million in 2022, projecting it to reach US$ 3,012.90 Million by 2030. This translates to a CAGR of approximately 5.5% during the forecast period.
The North America Hot Melt Adhesives Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Hot Melt Adhesives Market report:
The North America Hot Melt Adhesives Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Hot Melt Adhesives Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Hot Melt Adhesives Market value chain can benefit from the information contained in a comprehensive market report.
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