South America Hot Melt Glue Gun Market
The South America hot melt glue gun market is a highly fragmented market with the presence of considerable regional and local players providing numerous solutions for companies investing in the market arena. The growing need for environment friendly and user-friendly products has resulted in advancements in adhesive dispensing equipment. Manufacturers are concentrating on developing products that are both user-friendly and environmentally friendly. The growing emphasis on manufacturers to innovate new technology in order to generate products that comply with new environmental standards has driven them to innovate and develop the existing technologies. Further, cordless hot glue guns are a quick and easy technology that makes adhesive bonding between surfaces such as paper, wood, plastic, metal, cloth, and others. Cordless glue guns also allow users to move around the workspace freely, eliminating the need to plug in at all times. After charging their batteries and preheating the adhesive, these handy gadgets can work cordlessly for varied lengths of time. Furthermore, DIY hobbyists and crafters rely on the handy equipment for a variety of creative tasks and home repairs. Some of the advantages of this gun include a quick heat up time of only 15 seconds before use, an adjustable designed pen shape that fits comfortably in the hand, and the ability to gluing virtually all materials including textile, paper, wood, plastic, metal, stone, and is an ideal solution for decorations, repairs, and gluing almost any material. In addition, Adhesive Technologies (AdTech) manufacturer of hot melt adhesives and glue gun uses drip- less technology for their line of hot glue guns used for the craft industry. Therefore, products innovation in adhesives dispensing equipment is expected to have a positive impact on the hot melt glue gun market.
In case of COVID-19, in South America, especially Brazil, witnessed an unprecedented rise in number of coronavirus cases, which led to the discontinuation of hot melt glue gun manufacturing activities. Downfall of other chemical and materials manufacturing sectors has negatively impacted the demand for hot melt glue gun during the early months of 2020. Moreover, decline in the overall adhesives & sealants manufacturing activities has led to discontinuation of hot melt glue gun manufacturing projects, thereby reducing the demand for hot melt glue gun. Similar trend was witnessed in other South America countries, i.e., Argentina, Colombia, Peru, Chile and Ecuador. However, the countries are likely to overcome thus drop in demand with the economic activities regaining their pace, especially in the beginning of the 2021.
Strategic insights for the South America Hot Melt Glue Gun 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.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 32.85 Million |
| Market Size by 2028 | US$ 42.91 Million |
| Global CAGR (2021 - 2028) | 3.9% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Gun Type
|
| Regions and Countries Covered | South and Central America
|
| Market leaders and key company profiles |
The geographic scope of the South America Hot Melt Glue Gun 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.
The hot melt glue gun market in South America is expected to grow from US$ 32.85 million in 2021 to US$ 42.91 million by 2028; it is estimated to grow at a CAGR of 3.9% from 2021 to 2028. Hot glue guns are portable adhesive dispensing devices that use and dispense hot melt adhesives. Hot melt thermoplastics were invented in the 1940s in the form of tubular sticks as an upgradation and improvement over water-based adhesives, which deteriorate when exposed to humidity. Industrial hot glue guns provide various advantages such as it dries rapidly and strongly, minimizing the time it takes for the product to be completed, and it is disposed by the hot glue gun. Hot melt also has the advantage of not losing any thickness when drying. This makes it extremely useful in some business projects (such as woodworking). There are numerous varieties of industrial hot melt and industrial hot melt guns available to meet the needs of diverse industries. Further, hot melt adhesives can even be applied by dipping or spraying. The hot melt adhesives dispensed by the hot glue gun use water-based technology, in which water is utilized as a diluting medium and is intended to be absorbed by the substrate, thereby lowering volatile organic compound (VOC) emissions. Furthermore, since hot melt technology forms a quick bond, it is used in highly automated manufacturing processes such as packing, assembly, bookbinding, converting, footwear, and others. However, solvent-based adhesives, are subject to regulatory restrictions on solvent emissions, waste disposal, and manufacturing vapors levels. Many solvent solutions are combustible, requiring safety and health-management procedures. As a result, the advantages of hot melt glue gun over solvent- based adhesives or other fasteners in industrial applications has been projected to propel the growth of the hot melt glue gun market.
Based on gun type, the corded segment accounted for the largest share of the South America hot melt glue gun market in 2020. Based on application, the packaging segment accounted for the largest share of the South America hot melt glue gun market in 2020.
A few major primary and secondary sources referred to for preparing this report on the South America hot melt glue gun market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report include Ellsworth Adhesives, 3M, Arkema, Buhnen GmbH & Co. KG, and Adhesives Technologies Inc.
The South America Hot Melt Glue Gun Market is valued at US$ 32.85 Million in 2021, it is projected to reach US$ 42.91 Million by 2028.
As per our report South America Hot Melt Glue Gun Market, the market size is valued at US$ 32.85 Million in 2021, projecting it to reach US$ 42.91 Million by 2028. This translates to a CAGR of approximately 3.9% during the forecast period.
The South America Hot Melt Glue Gun 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 South America Hot Melt Glue Gun Market report:
The South America Hot Melt Glue Gun Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The South America Hot Melt Glue Gun Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South America Hot Melt Glue Gun Market value chain can benefit from the information contained in a comprehensive market report.
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