Global Hot Melt Construction Adhesive Market, By Type (Ethylene Vinyl Acetate, Polyolefin, Polyamide, Polypropylene and Polyurethane), Form (Pellets, Pillows, Blocks, Sticks) – Industry Trends and Forecast to 2029.
Global Hot Melt Construction Adhesive Market Analysis and Size
The need for adhesives in flooring, expansion joints, panels, and other applications is being driven by increased investments in infrastructure development such as airports, bridges, dams, and metro stations. In addition, as the middle-class population grows, so does the need for housing. The construction adhesive market is estimated owing to these growth determinants.
- Global Hot Melt Construction Adhesive Market was valued at USD 3704.16 million in 2021 and is expected to reach USD 5092.46 million by 2029, registering a CAGR of 3.6% during the forecast period of 2022-2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
Global Hot Melt Construction Adhesive Market Definition
Hot melt adhesives (HMA), often known as hot glues, are solid polymers that melt at a low temperature while being applied or molded. Hot melt adhesives provide various advantages over solvent-based adhesives in construction. The use of volatile organic chemicals is decreased or eliminated, as is the need for drying or curing. Hot melt adhesives have a lengthy shelf life and may normally be thrown away without extra care. The hot melt construction adhesives is used to basically repair and installation of floors, tiles and ceilings.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2019 - 2014)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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By Type (Ethylene Vinyl Acetate, Polyolefin, Polyamide, Polypropylene and Polyurethane), Form (Pellets, Pillows, Blocks, Sticks)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa
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Market Players Covered
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DuPont (U.S.), SOLVAY (Belgium), Dow (U.S.), Henkel AG & Co. KgaA (Germany), 3M (U.S.), Bostik (France), Sika AG (Switzerland), H.B. Fuller (U.S.), BASF SE (Germany), DAP Global Inc.(U.S.), Owens Corning (U.S.), The Chemours Company (U.S.), Saint-Gobain S.A. (France), Paroc Group (Finland), Kingspan Group (Ireland), Knauf Insulation (U.S.), DAIKIN (Japan), GAF (U.S.), SOLVAY (Belgium), Saint-Gobain (France), Franklin International (U.S.), Illinois Tool Works Inc. (U.S.), AVERY DENNISON CORPORATION (U.S.)
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Market Opportunities
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Hot Melt Construction Adhesive Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
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Various Advantageous Properties of Hot Melt Construction Adhesive
It is gaining popularity because it offers superior solutions, such as alcohols, acids, and bases, as well as resistance to polar solvents and the ability to withstand water vapor and moisture. Furthermore, these adhesives are commonly employed in the hard bonding of materials such as plastic hoses and dryer drums. Additionally hot melt construction adhesives are reliable and eco-friendly nature. These advantages boosts the market growth.
Additionally, the growing replacement of other adhesive technologies by HMAs will also drive market value growth. The rising infrastructural development across various emerging economies are other market growth determinants which are projected to bolster the growth of the market.
Opportunities
- Advent Of The PUR Technology, Investments And Rising Awareness
Furthermore, the advent of the PUR technology has led to the introduction of advanced product variants providing high heat resistance, UV protection, and superior binding strength further extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, the rising awareness about the benefits of hot melt construction adhesive along with the increasing investments in infrastructure development such as airports, bridges, dams and metro stations will further expand the future growth of the hot melt construction adhesive market.
Restraints/Challenges Global Hot Melt Construction Adhesive Market
- Difficulty in Usage
The difficulty in the usage of hard-to-bond substances will create hindrances for the growth of the hot melt construction adhesive market.
Additionally, the factors such as volatility in crude oil prices and the easy availability of substitutes will challenge the hot melt construction adhesive market growth rate.
This hot melt construction adhesive market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the hot melt construction adhesive market contact Data Bridge Market Research for an Aalynst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Hot Melt Construction Adhesive Market
The recent outbreak of coronavirus had a negative impact on the hot melt construction adhesive market. The severe disruptions in various manufacturing and construction activities as well as the supply-chain operations due to the various precautionary lockdowns imposed by governments to curb the spread of disease les to huge financial setback for the market. . One of the greatest obstacles for the worldwide industry is the untimely COVID-19 epidemic, which has cost it investment and production jobs. Furthermore, consumer demand has decreased as people are now more focused on removing non-essential expenses from their budgets since the general economic situation of most people has been badly impacted by the outbreak. Over the forecast period, the aforementioned determinants will weigh on the market's revenue trajectory. Sectors that use hot melt adhesives are facing varying degrees of demand as a result of the pandemic and massive declines in oil prices.
On the brighter side, the market is estimated to revive as individual regulatory bodies begin to relax these enforced lockdowns. The suspended and cancelled operations will continue and as a result the market is estimated to expand. Also, the ongoing efforts of global key players are significantly boosting the business and are expected to attain market share over the forecast period.
Recent Development
- In October 2020, Pidilite Industries Ltd. paid USD 257 million (Rupees 2,100 crores) for Huntsman Group's Indian subsidiary Huntsman Advanced Materials Solutions Private Limited (HAMSPL), with the goal of expanding its product range for do-it-yourself (DIY) consumer adhesives.
Global Hot Melt Construction Adhesive Market Scope
The hot melt construction adhesive market is segmented on the basis of type and form. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Ethylene Vinyl Acetate
- Polyolefin
- Polyamide
- Polypropylene
- Polyurethane
On the basis of type, the hot melt construction adhesive market has been segmented into ethylene vinyl acetate, polyolefin, polyamide, polypropylene and polyurethane.
Form
- Pellets
- Pillows
- Blocks
- Sticks
The hot melt construction adhesive market has also been segmented on the basis of form into pellets, pillows, blocks and sticks.
Hot Melt Construction Adhesive Market Regional Analysis/Insights
The hot melt construction adhesive market is analysed and market size insights and trends are provided by country, type and form as referenced above.
The countries covered in the hot melt construction adhesive market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the hot melt construction adhesive market because of the increasing construction activities along with the high demand for hot melt adhesives within the region.
North America on the other hand, is estimated to show lucrative growth during the forecast period of 2022 to 2029 due to the presence of some of the largest packaging manufacturers in the emerging economies in the region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Hot Melt Construction Adhesive Market Share Analysis
The hot melt construction adhesive market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to hot melt construction adhesive market.
Some of the major players operating in the hot melt construction adhesive market are
- DuPont (U.S.)
- SOLVAY (Belgium)
- Dow (U.S.)
- Henkel AG & Co. KgaA (Germany)
- 3M (U.S.)
- Bostik (France)
- Sika AG (Switzerland)
- H.B. Fuller (U.S.)
- BASF SE (Germany)
- DAP Global Inc. (U.S.)
- Owens Corning (U.S.)
- The Chemours Company (U.S.)
- Saint-Gobain S.A. (France)
- Paroc Group (Finland)
- Kingspan Group (Ireland)
- Knauf Insulation (U.S.)
- DAIKIN (Japan)
- GAF (U.S.)
- SOLVAY (Belgium)
- Saint-Gobain (France)
- Franklin International (U.S.)
- Illinois Tool Works Inc. (U.S.)
- AVERY DENNISON CORPORATION (U.S.)
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