Hot Melt Adhesives (HMA) Market by Type (EVA, SBC, MPO, APAO, Polyamides, Polyolefins, Polyurethanes), Application (Packaging Solutions, Nonwoven Hygiene Products, Furniture & Woodwork, Bookbinding), and Region - Global Forecast to 2022

 Published On: May, 2017 |    No of Pages: 132 |  Published By: MarketsandMarkets | Format: PDF
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Growing use of Hot Melt Adhesives (HMAs) in packaging solutions and nonwoven hygiene products is a prime factor in the growth of the HMA market

The Hot Melt Adhesives (HMA) market is projected to grow from an estimated USD 6.92 billion in 2017 to USD 9.46 billion by 2022, at a CAGR of 6.5%. The growth of the market is due to the increasing HMA applications in packaging solutions and nonwoven hygiene products.   

EVA is the largest resin type segment in the HMA market
Ethylene-Vinyl Acetate (EVA) is the largest resin type segment in the HMA market, as it offers greater flexibility and has the ability to withstand adverse climatic conditions. SBC is another major segment, which is expected to grow significantly during the forecast period. Other product types of HMA include mPO and PU, which are expected to grow at moderate rates in the coming years. mPO is projected to be the fastest-growing type segment in the HMA market during the forecast period because of its increasing application in nonwoven hygiene products. PU-based HMAs find major applications in shoemaking, paper packaging, bookbinding, automotive, and specialty bag manufacturing industries.
Rising demand in emerging markets such as the Asia-Pacific and South America is the major driver for the HMA market.

The HMA market in the Asia-Pacific region is growing at the highest CAGR, in terms of value and volume. High economic growth rate, growing manufacturing industries, cheap labor, increasing foreign investments, and rise in the applications of HMA across the packaging solutions, nonwoven hygiene products, and furniture & woodwork industries are some of the major factors expected to fuel the growth of the market. Countries such as China, India, Thailand, and Malaysia are expected to drive the growth of the market in the Asia-Pacific region.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted.
The breakdown of primary interviews is given below.

• By Company Type: Tier 1 – 67%, Tier 2 – 8%, and Tier 3 – 25%
• By Designation: C level – 25%, D level – 42%, and Others – 33%
• By Region: North America – 17%, Europe – 42%, Asia-Pacific – 25%, Middle East & Africa – 8%, and South America – 8%

The key companies profiled in this report are, 3M Company (U.S.), Arkema (France), Dow Corning (U.S.), H.B. Fuller (U.S.), Henkel AG & Company KGaA (Germany), Jowat SE (Germany), and Sika AG (Switzerland)

Research Coverage
The market is segmented based on resin type, application, and region. This report covers the HMA market, in terms of value and volume, and forecasts its market size till 2022. The report also provides company profiles and competitive strategies adopted by the key players in the global HMA market.

Reasons to Buy the Report
The report will help the market leaders/new entrants in this market in the following ways:

1. This report segments the HMA market comprehensively and provides the closest approximations of the revenues for the overall market and the subsegments across different verticals and regions.

2. It will help stakeholders understand the pulse of the market and provide them information on key market drivers, restraints, challenges, and opportunities.

3. It will help stakeholders understand competitors and gain more insights to better their positions in the business. The competitive landscape section includes new product developments, partnerships, and mergers & acquisitions.
1 INTRODUCTION 12
1.1 OBJECTIVES OF THE STUDY 12
1.2 MARKET DEFINITION 12
1.3 MARKET SCOPE 13
1.3.1 HMA MARKET, BY REGION 13
1.3.2 YEARS CONSIDERED FOR THE STUDY 14
1.4 CURRENCY & PRICING 14
1.5 PACKAGE SIZE 14
1.6 LIMITATIONS 14
1.7 STAKEHOLDERS 14
2 RESEARCH METHODOLOGY 15
2.1 RESEARCH DATA 15
2.1.1 SECONDARY DATA 16
2.1.1.1 Key data from secondary research 16
2.1.2 PRIMARY DATA 17
2.1.2.1 Key data from primary research 17
2.1.2.2 Key Industry Insights 18
2.1.2.3 Breakdown of primary interviews 18
2.2 MARKET SIZE ESTIMATION 19
2.2.1 BOTTOM-UP APPROACH 19
2.2.2 TOP-DOWN APPROACH 20
2.3 DATA TRIANGULATION 21
2.4 RESEARCH ASSUMPTIONS 22
3 EXECUTIVE SUMMARY 23
4 PREMIUM INSIGHT 27
4.1 HMA MARKET OVERVIEW, 2017 VS. 2022 27
4.2 HMA MARKET, BY TYPE 28
4.3 HMA MARKET, BY APPLICATION 28
4.4 HMA MARKET SHARE IN ASIA-PACIFIC, BY APPLICATION AND COUNTRY 29
4.5 HMA MARKET SHARE, BY APPLICATION AND REGION 29
4.6 HMA MARKET ATTRACTIVENESS 30

5 MARKET OVERVIEW 31
5.1 INTRODUCTION 32
5.2 MARKET DYNAMICS 33
5.2.1 DRIVERS 33
5.2.1.1 Wide range of applications 33
5.2.1.2 Increasing replacement of other adhesive technologies by HMAs 34
5.2.1.3 High demand for HMAs in various DIY applications 34
5.2.1 RESTRAINTS 34
5.2.1.1 Lower thermal resistance 34
5.2.2 OPPORTUNITIES 34
5.2.2.1 Booming packaging and nonwoven applications in Asia-Pacific and South America 34
5.2.2.2 Increasing use of HMAs in road marking application 35
5.2.3 CHALLENGES 35
5.2.3.1 Difficulty in usage on hard-to-bond substances 35
5.2.3.2 Volatility in raw material prices 35
5.3 PORTER’S FIVE FORCE ANALYSIS 36
5.3.1 BARGAINING POWER OF SUPPLIERS 37
5.3.2 THREAT OF NEW ENTRANTS 37
5.3.3 THREAT OF SUBSTITUTES 38
5.3.4 BARGAINING POWER OF BUYERS 38
5.3.5 INTENSITY OF COMPETITIVE RIVALRY 39
6 HMA MARKET, BY RESIN TYPE 40
6.1 INTRODUCTION 41
6.2 ETHYLENE VINYL ACETATE (EVA) 43
6.3 STYRENIC BLOCK COPOLYMERS (SBC) 43
6.4 METALLOCENE POLYOLEFIN (MPO) 43
6.5 AMORPHOUS POLYALPHAOLEFINS (APAO) 43
6.6 POLYOLEFINS 43
6.7 POLYAMIDES 44
6.8 POLYURETHANE (PU) 44
6.9 OTHERS 44
7 HMA MARKET, BY APPLICATION 45
7.1 INTRODUCTION 46
7.2 PACKAGING SOLUTIONS 47
7.2.1 CORRUGATED BOXES AND TRAYS 48
7.2.2 CARTON AND SIDE-SEAM CLOSURES 48
7.2.3 NON-PRESSURE SENSITIVE LABELS AND MARKING SYSTEMS 48
7.2.4 FLEXIBLE PACKAGING 48
7.2.5 OTHERS 48
7.3 NONWOVEN HYGIENE PRODUCTS 49
7.3.1 BABY DIAPERS, NAPPIES, AND PANTS 49
7.3.2 ADULT INCONTINENCE 49
7.3.3 FEMININE CARE 49
7.4 FURNITURE & WOODWORK 49
7.4.1 WOODWORKING 49
7.4.2 STRUCTURAL AND NON-STRUCTURAL WOOD PRODUCTS 49
7.5 BOOKBINDING 50
7.5.1 SPINE BINDING 50
7.5.2 COVER PAGE AND EDGE BONDING 50
7.6 OTHERS 50
7.6.1 AUTOMOTIVE & TRANSPORT 50
7.6.2 CONSUMER DIY 50
7.6.3 FOOTWEAR 50
7.6.4 ELECTRONICS 50
8 HMA MARKET, BY REGION 51
8.1 INTRODUCTION 52
8.2 NORTH AMERICA 53
8.2.1 U.S. 56
8.2.2 CANADA 57
8.2.3 MEXICO 58
8.3 ASIA-PACIFIC 59
8.3.1 CHINA 62
8.3.2 JAPAN 63
8.3.3 INDIA 64
8.3.4 SOUTH KOREA 65
8.3.5 MALAYSIA 66
8.3.6 THAILAND 67
8.3.7 REST OF ASIA-PACIFIC 68
8.4 EUROPE 69
8.4.1 GERMANY 71
8.4.2 FRANCE 72
8.4.3 U.K. 73
8.4.4 ITALY 74
8.4.5 SPAIN 75
8.4.6 RUSSIA 76
8.4.7 REST OF EUROPE 77

8.5 SOUTH AMERICA 78
8.5.1 BRAZIL 80
8.5.2 ARGENTINA 81
8.5.3 CHILE 82
8.5.4 REST OF SOUTH AMERICA 83
8.6 MIDDLE EAST & AFRICA 84
8.6.1 SAUDI ARABIA 85
8.6.2 QATAR 86
8.6.3 SOUTH AFRICA 87
8.6.4 REST OF MIDDLE EAST & AFRICA 88
9 COMPETITIVE LANDSCAPE 90
9.1 INTRODUCTION 90
9.1.1 DYNAMIC 90
9.1.2 INNOVATORS 90
9.1.3 VANGUARDS 90
9.1.4 EMERGING 90
9.2 DIVE CHART 91
9.3 PRODUCT OFFERINGS (FOR ALL 25 PLAYERS) 92
9.4 BUSINESS STRATEGY (FOR ALL 25 PLAYERS) 93
10 COMPANY PROFILES 94
Business Overview, Product Offerings Scorecard, Product Offered, Business Strategy Scorecard, Recent Developments
10.1 3M COMPANY 94
10.2 ARKEMA 97
10.3 AVERY DENNISON CORPORATION 100
10.4 BEARDOW & ADAMS (ADHESIVES) LTD. 102
10.5 DOW CORNING CORPORATION 104
10.6 HB FULLER COMPANY 106
10.7 HENKEL AG & CO. KGAA 109
10.8 JOWAT SE 112
10.9 SIKA AG 114
10.10 TEX YEAR INDUSTRIES INC. 116
10.11 OTHER PLAYERS 118
10.11.1 ADHESIVE DIRECT UK 118
10.11.2 ADTEK MALAYSIA SDN BHD 118
10.11.3 BUHNEN GMBH & CO. KG 118
10.11.4 CHERNG TAY TECHNOLOGY CO., LTD. 118
10.11.5 COSTCHEM SRL 118
10.11.6 DAUBERT CHEMICAL COMPANY 118
10.11.7 EVANS ADHESIVE CORPORATION, LTD. 118
10.11.8 EVONIK INDUSTRIES AG 118
10.11.9 HELMITIN ADHESIVES 118
10.11.10 KLEBCHEMIE GMBH & CO. KG 119
10.11.11 KMS ADHESIVES LTD. 119
10.11.12 SANYHOT ADHESIVOS S.A. 119
10.11.13 SEALOCK LTD. 119
10.11.14 TOYOBO CO., LTD. 119
10.11.15 WORTHEN INDUSTRIES 119
*Details might not be captured in case of unlisted companies.
11 APPENDIX 120
11.1 DISCUSSION GUIDE 120
11.2 EXPERT INTERVIEW 124
11.3 KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL 126
11.4 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE 128
11.5 AVAILABLE CUSTOMIZATIONS 129
11.6 RELATED REPORTS 129
11.7 AUTHOR DETAILS 130   

LIST OF TABLES
TABLE 1 HMA MARKET, BY RESIN TYPE, 2015–2022 (USD MILLION) 42
TABLE 2 HMA MARKET, BY RESIN TYPE, 2015–2022 (KILOTON) 42
TABLE 3 HMA MARKET SIZE, BY APPLICATION, 2015–2022 (USD MILLION) 46
TABLE 4 HMA MARKET SIZE, BY APPLICATION, 2015–2022 (KILOTON) 47
TABLE 5 HMA MARKET SIZE, BY REGION, 2015–2022 (USD MILLION) 53
TABLE 6 HMA MARKET SIZE, BY REGION, 2015–2022 (KILOTON) 53
TABLE 7 NORTH AMERICA: HMA MARKET SIZE, BY COUNTRY, 2015–2022 (USD MILLION) 54
TABLE 8 NORTH AMERICA: HMA MARKET SIZE, BY COUNTRY, 2015–2022 (KILOTON) 55
TABLE 9 NORTH AMERICA: HMA MARKET SIZE, BY APPLICATION, 2015–2022 (USD MILLION) 55
TABLE 10 NORTH AMERICA: HMA MARKET SIZE, BY APPLICATION, 2015–2022 (KILOTON) 55
TABLE 11 U.S.: HMA MARKET SIZE, BY APPLICATION, 2015–2022 (USD MILLION) 56
TABLE 12 U.S.: HMA MARKET SIZE, BY APPLICATION, 2015–2022 (KILOTON) 56
TABLE 13 CANADA: HMA MARKET SIZE, BY APPLICATION, 2015–2022 (USD MILLION) 57
TABLE 14 CANADA: HMA MARKET SIZE, BY APPLICATION, 2015–2022 (KILOTON) 57
TABLE 15 MEXICO: HMA MARKET SIZE, BY APPLICATION, 2015–2022 (USD MILLION) 58
TABLE 16 MEXICO: HMA MARKET SIZE, BY APPLICATION, 2015–2022 (KILOTON) 58
TABLE 17 ASIA-PACIFIC: HMA MARKET SIZE, BY COUNTRY, 2015–2022 (USD MILLION) 60
TABLE 18 ASIA-PACIFIC: HMA MARKET SIZE, BY COUNTRY, 2015–2022 (KILOTON) 60
TABLE 19 ASIA-PACIFIC: HMA MARKET SIZE, BY APPLICATION, 2015–2022 (USD MILLION) 61
TABLE 20 ASIA-PACIFIC: HMA MARKET SIZE, BY APPLICATION, 2015–2022 (KILOTON) 61
TABLE 21 CHINA: HMA MARKET SIZE, BY APPLICATION, 2015–2022 (USD MILLION) 62
TABLE 22 CHINA: HMA MARKET SIZE, BY APPLICATION, 2015–2022 (KILOTON) 62
TABLE 23 JAPAN: HMA MARKET SIZE, BY APPLICATION, 2015–2022 (USD MILLION) 63
TABLE 24 JAPAN: HMA MARKET SIZE, BY APPLICATION, 2015–2022 (KILOTON) 63
TABLE 25 INDIA: HMA MARKET SIZE, BY APPLICATION, 2015–2022 (USD MILLION) 64
TABLE 26 INDIA: HMA MARKET SIZE, BY APPLICATION, 2015–2022 (KILOTON) 64
TABLE 27 SOUTH KOREA: HMA MARKET SIZE, BY APPLICATION, 2015–2022 (USD MILLION) 65
TABLE 28 SOUTH KOREA: HMA MARKET SIZE, BY APPLICATION, 2015–2022 (KILOTON) 65
TABLE 29 MALAYSIA: HMA MARKET SIZE, BY APPLICATION, 2015–2022 (USD MILLION) 66
TABLE 30 MALAYSIA: HMA MARKET SIZE, BY APPLICATION, 2015–2022 (KILOTON) 66
TABLE 31 THAILAND: HMA MARKET SIZE, BY APPLICATION, 2015–2022 (USD MILLION) 67
TABLE 32 THAILAND: HMA MARKET SIZE, BY APPLICATION, 2015–2022 (KILOTON) 67
TABLE 33 REST OF ASIA-PACIFIC: HMA MARKET SIZE, BY APPLICATION, 2015–2022 (USD MILLION) 68
TABLE 34 REST OF ASIA-PACIFIC: HMA MARKET SIZE, BY APPLICATION, 2015–2022 (KILOTON) 68
TABLE 35 EUROPE: HMA MARKET SIZE, BY COUNTRY, 2015–2022 (USD MILLION) 69
TABLE 36 EUROPE: HMA MARKET SIZE, BY COUNTRY, 2015–2022 (KILOTON) 69
TABLE 37 EUROPE: HMA MARKET SIZE, BY APPLICATION, 2015–2022 (USD MILLION) 70
TABLE 38 EUROPE: HMA MARKET SIZE, BY APPLICATION, 2015–2022 (KILOTON) 70
TABLE 39 GERMANY: HMA MARKET SIZE, BY APPLICATION, 2015–2022 (USD MILLION) 71
TABLE 40 GERMANY: HMA MARKET SIZE, BY APPLICATION, 2015–2022 (KILOTON) 71
TABLE 41 FRANCE: HMA MARKET SIZE, BY APPLICATION, 2015–2022 (USD MILLION) 72
TABLE 42 FRANCE: HMA MARKET SIZE, BY APPLICATION, 2015–2022 (KILOTON) 72
TABLE 43 U.K.: HMA MARKET SIZE, BY APPLICATION, 2015–2022 (USD MILLION) 73
TABLE 44 U.K.: HMA MARKET SIZE, BY APPLICATION, 2015–2022 (KILOTON) 73
TABLE 45 ITALY: HMA MARKET SIZE, BY APPLICATION, 2015–2022 (USD MILLION) 74
TABLE 46 ITALY: HMA MARKET SIZE, BY APPLICATION, 2015–2022 (KILOTON) 74
TABLE 47 SPAIN: HMA MARKET SIZE, BY APPLICATION, 2015–2022 (USD MILLION) 75
TABLE 48 SPAIN: HMA MARKET SIZE, BY APPLICATION, 2015–2022 (KILOTON) 75
TABLE 49 RUSSIA: HMA MARKET SIZE, BY APPLICATION, 2015–2022 (USD MILLION) 76
TABLE 50 RUSSIA: HMA MARKET SIZE, BY APPLICATION, 2015–2022 (KILOTON) 76
TABLE 51 REST OF EUROPE: HMA MARKET SIZE, BY APPLICATION, 2015–2022 (USD MILLION) 77
TABLE 52 REST OF EUROPE: HMA MARKET SIZE, BY APPLICATION, 2015–2022 (KILOTON) 77
TABLE 53 SOUTH AMERICA: HMA MARKET SIZE, BY COUNTRY, 2015–2022 (USD MILLION) 78
TABLE 54 SOUTH AMERICA: HMA MARKET SIZE, BY COUNTRY, 2015–2022 (KILOTON) 79
TABLE 55 SOUTH AMERICA: HMA MARKET SIZE, BY APPLICATION, 2015–2022 (USD MILLION) 79
TABLE 56 SOUTH AMERICA: HMA MARKET SIZE, BY APPLICATION, 2015–2022 (KILOTON) 79
TABLE 57 BRAZIL: HMA MARKET SIZE, BY APPLICATION, 2015–2022 (USD MILLION) 80
TABLE 58 BRAZIL: HMA MARKET SIZE, BY APPLICATION, 2015–2022 (KILOTON) 80
TABLE 59 ARGENTINA: HMA MARKET SIZE, BY APPLICATION, 2015–2022 (USD MILLION) 81
TABLE 60 ARGENTINA: HMA MARKET SIZE, BY APPLICATION, 2015–2022 (KILOTON) 81
TABLE 61 CHILE: HMA MARKET SIZE, BY APPLICATION, 2015–2022 (USD MILLION) 82
TABLE 62 CHILE: HMA MARKET SIZE, BY APPLICATION, 2015–2022 (KILOTON) 82
TABLE 63 REST OF SOUTH AMERICA: HMA MARKET SIZE, BY APPLICATION,  2015–2022 (USD MILLION) 83
TABLE 64 REST OF SOUTH AMERICA: HMA MARKET SIZE, BY APPLICATION, 2015–2022 (KILOTON) 83
TABLE 65 MIDDLE EAST & AFRICA: HMA MARKET SIZE, BY COUNTRY, 2015–2022 (USD MILLION) 84
TABLE 66 MIDDLE EAST & AFRICA: HMA MARKET SIZE, BY COUNTRY, 2015–2022 (KILOTON) 84
TABLE 67 MIDDLE EAST & AFRICA: HMA MARKET SIZE, BY APPLICATION,  2015–2022 (USD MILLION) 85
TABLE 68 MIDDLE EAST & AFRICA: HMA MARKET SIZE, BY APPLICATION, 2015–2022 (KILOTON) 85
TABLE 69 SAUDI ARABIA: HMA MARKET SIZE, BY APPLICATION, 2015–2022 (USD MILLION) 85
TABLE 70 SAUDI ARABIA: HMA MARKET SIZE, BY APPLICATION, 2015–2022 (KILOTON) 86
TABLE 71 QATAR: HMA MARKET SIZE, BY APPLICATION, 2015–2022 (USD MILLION) 86
TABLE 72 QATAR: HMA MARKET SIZE, BY APPLICATION, 2015–2022 (KILOTON) 87
TABLE 73 SOUTH AFRICA: HMA MARKET SIZE, BY APPLICATION, 2015–2022 (USD MILLION) 87
TABLE 74 SOUTH AFRICA: HMA MARKET SIZE, BY APPLICATION, 2015–2022 (KILOTON) 88
TABLE 75 REST OF MIDDLE EAST & AFRICA: HMA MARKET SIZE, BY APPLICATION,  2015–2022 (USD MILLION) 88
TABLE 76 REST OF MIDDLE EAST & AFRICA: HMA MARKET SIZE, BY APPLICATION,  2015–2022 (KILOTON) 89   

LIST OF FIGURES
FIGURE 1 HMA MARKET SEGMENTATION 13
FIGURE 2 HMA MARKET: RESEARCH DESIGN 15
FIGURE 3 MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH 19
FIGURE 4 MARKET SIZE ESTIMATION: TOP-DOWN APPROACH 20
FIGURE 5 HMA MARKET: DATA TRIANGULATION 21
FIGURE 6 EVA TO ACCOUNT FOR THE LARGEST SHARE IN HMA MARKET, DURING THE FORECAST PERIOD 24
FIGURE 7 NONWOVEN HYGIENE PRODUCTS SEGMENT TO REGISTER THE HIGHEST CAGR DURING FORECAST PERIOD 25
FIGURE 8 ASIA-PACIFIC TO WITNESS FASTEST GROWTH DURING FORECAST PERIOD 25
FIGURE 9 NORTH AMERICA DOMINATED HMA MARKET IN TERMS OF VALUE DURING 2016 26
FIGURE 10 HMA MARKET TO WITNESS HEALTHY CAGR BETWEEN 2017 AND 2022 27
FIGURE 11 MPO TO REGISTER THE HIGHEST CAGR DURING FORECAST PERIOD 28
FIGURE 12 NONWOVEN HYGIENE PRODUCTS TO REGISTER THE HIGHEST CAGR DURING FORECAST PERIOD 28
FIGURE 13 CHINA ACCOUNTED FOR THE LARGEST MARKET SHARE IN 2016 29
FIGURE 14 PACKAGING SOLUTIONS SEGMENT ACCOUNTED FOR THE LARGEST MARKET SHARE IN 2016 29
FIGURE 15 ASIA-PACIFIC TO BE THE FASTEST-GROWING HMA MARKET BETWEEN  2017 AND 2022 30
FIGURE 16 INCREASING USE IN VARIOUS APPLICATIONS IS DRIVING HMA MARKET 33
FIGURE 17 PORTER’S FIVE FORCE ANALYSIS 36
FIGURE 18 EVA LEADS THE HMA MARKET, BY RESIN TYPE 41
FIGURE 19 PACKAGING SOLUTIONS SEGMENT LEADS HMA MARKET, BY APPLICATION 46
FIGURE 20 REGIONAL SNAPSHOT: ASIA-PACIFIC TO LEAD HMA MARKET BY 2022 52
FIGURE 21 NORTH AMERICA MARKET SNAPSHOT: U.S. ACCOUNTED FOR THE LARGEST SHARE IN HMA MARKET 54
FIGURE 22 CHINA ACCOUNTED FOR THE LARGEST SHARE IN HMA MARKET IN 2016 59
FIGURE 23 BRAZIL DOMINATES HMA MARKET IN SOUTH AMERICA 78
FIGURE 24 3M COMPANY: COMPANY SNAPSHOT 94
FIGURE 25 ARKEMA: COMPANY SNAPSHOT 97
FIGURE 26 AVERY DENNISON CORPORATION: COMPANY SNAPSHOT 100
FIGURE 27 HB FULLER COMPANY: COMPANY SNAPSHOT 106
FIGURE 28 HENKEL AG & CO. KGAA: COMPANY SNAPSHOT 109
FIGURE 29 SIKA AG: COMPANY SNAPSHOT 114

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