Polyester Hot Melt Adhesives Market By Application (Packaging, Polymer Films & Foils, Automotive, Textiles & Fabrics, Electrical & Electronics), Region, Global Industry Analysis, Market Size, Share, Growth, Trends And Forecasts 2021 – 2028
NEWARK, NJ, May 31, 2022 (Global News) — According to a report published by Fior Markets, Global Polyester Hot Melt Adhesive Market It is expected to grow from USD 482.2 million in 2020 to USD 792.2 million in 2028, growing at a CAGR of 9.2% during the forecast period 2021-2028.
The polyester hot melt adhesive market has witnessed significant growth over the past few years. This growth is attributed to the growing demand for advanced applications in various industries such as automotive, manufacturing, packaging, furniture, and hygiene. The introduction of various favorable government policies and the vigorous investment in advanced polyester hot melt adhesives will promote the development of the polyester hot melt adhesive market. Due to the growing popularity of e-commerce, online shopping has become a favored shopping option for shoppers. Ultimately, HMA is being used as a shipping label on boxes for in-line soaking purposes, thereby boosting market growth.
Polyester hot melt adhesives are known as polymer based thermoplastics used in packaging, manufacturing, furniture, hygiene applications in end-use industries. Polyester based hot melt adhesives are used to seal various air and ventilation filters in the automotive industry. They have short setting times, are resistant to high temperatures, are crystalline and solid at room temperature, are resistant to oils and other non-polar solvents, and are suitable for oil filter applications. They are compatible with polyester, PVC, polycarbonate, aluminum, copper, steel, nonwovens, leather and paper. Polyester hot melt adhesives have excellent adhesion to metals, plastic films, boards and materials, and have excellent hydrolysis resistance under high temperature and high humidity conditions. It has the remarkable feature of not clogging when forming and winding.
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The global polyester hot melt adhesive market is expected to witness significant growth owing to the increase in the usage of polyester hot melt adhesive, which is relatively high compared to the current solvent-based adhesives, and the online business Increased use of ready-to-use packaging products, such as e-commerce and food distribution, polyester hot melt adhesives are inherently economical and environmentally friendly due to their broad applicability and properties using solvent-free water-soluble polymers, and The increasing use of corrugated packaging in non-durable products has made it a part of end-product users such as pharmaceuticals, food, consumer durables, rubber and petroleum. Factors restraining the market growth are the lack of tape strength at higher temperatures and the limited use of substrates in polyester hot melt adhesive applications. The use of reactive adhesives that are further cured after curing by humidity and UV radiation will provide market growth opportunities.
Key players operating in the global polyester hot melt adhesive market include Henkel AG & Co. KGaA, 3M, HB Fuller Company, Bostik, Sika AG, Arkema Group, and Dow Inc. Gaining significant market share in the global polyester hot melt adhesive market, key players are now focusing on employing multiple strategies.
For example, in September 2019, Henkel AG & Co. KGaA presented hot melt adhesives for palletizing at FachPack 2019. The launch strengthens the company’s global presence.
Textiles and Fabrics The segment dominates the market, accounting for the largest market share of 35.8% in 2020
On the basis of application, the global polyester hot melt adhesive market is segmented into packaging, polymer films and foils, automotive, textiles and fabrics, electrical and electronic products. The textiles and fabrics segment dominates the market and holds the largest market share of 35.8% in 2020. This growth is attributed to the growing demand for breathability and water repellency. For example, in the footwear industry, which requires innovative technologies, since the adhesives used in the fabrics guarantee practical and long-lasting bonds even for highly waterproof fabrics pretreated with hydrophobic polymers, the rise of the textile industry in emerging economies .
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Polyester Hot Melt Adhesive Market Regional Segmentation
North America (USA, Canada, Mexico)
Europe (Germany, France, UK, Italy, Spain, Rest of Europe)
Asia Pacific (China, Japan, India, Rest of Asia Pacific)
South America (Brazil and Rest of South America)
Middle East and Africa (UAE, South Africa, Rest of MEA)
On the basis of geography, the global polyester hot melt adhesive market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. Asia Pacific holds the largest market share in 2020. The growth was identified in the Japan region due to growing demand from furniture and construction industries with high investment in infrastructure and manufacturing, while growing demand for non-woven products is critical to consumer growth in the Asia Pacific region.The packaging industry in North America is a significant driver of the market owing to the participation of some of the largest packaging producers. Brazil, Mexico, Argentina, Colombia and Chile are the key growth countries, as packaging, electronics, automotive, textiles and footwear are the main market segments. Emerging economies such as India, Japan and China are high growth markets using these adhesives, while many advanced economies in Western Europe such as Germany, Italy, UK, Spain and France are expected to impact polyester hot melt adhesive demand Dramatic increase.
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About the report:
Global Polyester Hot Melt Adhesive Market Analysis by Value (USD Million). All segments are analyzed on a global, regional and country basis. The study includes analysis of over 30 countries in each market segment. The report provides an in-depth analysis of drivers, opportunities, constraints and challenges to gain key insights into the market. The study includes Porter’s Five Forces Model, Attraction Analysis, Raw Material Analysis, and Competitor Location Grid Analysis.
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