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1496872

全球熱熔膠市場 - 2024-2031

Global Hot Melt Adhesives Market - 2024-2031

出版日期: 2024年06月18日 | 出版商:

DataM Intelligence | 英文 182 Pages | 商品交期: 最快1-2個工作天內

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簡介目錄

概述

全球熱熔膠市場2023年達到69億美元，預計2031年將達98億美元，2024-2031年預測期間複合年成長率為4.5%。

包裝業是熱熔膠的主要用戶。這些黏合劑通常用於黏合紙板、瓦楞紙板、塑膠薄膜和箔片等包裝材料，適用於箱子和紙箱密封、托盤成型、標籤和層壓等應用。該行業對熱熔膠的廣泛使用產生了巨大的需求和市場主導地位。

熱熔膠 (HMA) 可黏附在各種材料和表面上，包括織物、紙張、瓷器、金屬、紙板和塑膠，使其成為 DIY 應用的理想選擇。此外，2020年10月，Pidilite Industries Ltd.斥資2.57億美元收購亨斯邁集團的印度子公司亨斯邁先進材料解決方案私人有限公司，以擴大其DIY消費黏合劑市場的產品範圍。它使公司能夠開拓市場擴張。

到2023年，北美預計將成為第二主導地區，佔全球熱熔膠市場超過20%。該地區一些頂級包裝製造商的存在，如國際紙業公司、鮑爾公司和歐文斯伊利諾伊州，預計將成為市場擴張的關鍵因素。併購是市場領導者的主要策略。 2021 年 9 月，著名的水基和熱熔黏合劑及塗料製造商和配方商 Meridian Adhesives Group 收購了 Prime Blend LLC。

動力學

紙包裝需求不斷成長

電子商務的快速成長導致對包裝材料的需求大幅增加。熱熔膠在紙箱密封、標籤和組裝等包裝應用中至關重要，因為它們提供強大且快速的黏合解決方案。此外，德國統計局預計，到2023年，德國包裝產業的銷售額將達到約379.4億美元。比上年增加，總額達320.9億美元。

自2008年以來，中國一直是全球最大的紙包裝和紙板生產國。中國造紙協會調查顯示，2023年，全國紙及紙板生產企業總數為2,500家，全國紙及紙板產量1,2,965萬噸，較上年增加4.35%。

對永續發展的擔憂日益加劇

生態和可回收包裝解決方案的需求不斷成長。熱熔膠用於包裝領域，因為它們可以黏合多種材料並且與回收過程相容。製造商正在開發環保熱熔膠，以滿足對永續包裝選擇日益成長的需求。

美國對生物基熱熔膠的需求不斷成長，推動了市場的發展，而生物基熱熔膠的永續性也越來越強。例如，黏合劑製造商Jowat推出了源自再生原料的解決方案，並獲得了美國農業部的批准，特別是針對北美市場。

原物料價格波動與環境問題

熱熔膠主要由石化衍生物組成，如乙烯-醋酸乙烯酯（EVA）、聚乙烯和聚丙烯。這些基本材料的價格變化極大，受到原油價格變動、地緣政治緊張局勢和供需失衡的影響。這種波動對熱熔膠的生產成本產生了實質影響，這使得製造商很難保持穩定的定價和獲利能力。

熱熔膠的生產和使用可能會產生環境問題，特別是膠合劑產品的處置和潛在的環境影響。對於不可生物分解或不可回收的黏合劑尤其如此。人們對永續和環保產品的認知和需求不斷增加，導致對傳統熱熔膠的審查更加嚴格，迫使生產商尋找更環保的替代品。

The packaging sector is a major user of hot melt adhesives. The adhesives are commonly used to bond packaging materials like paperboard, corrugated cardboard, plastic films and foils in applications like case and carton sealing, tray forming, labeling and laminating. The industry's widespread use of hot melt adhesives produces enormous demand and market dominance.

Hot melt adhesives (HMAs) adhere to a wide range of materials and surfaces, including fabric, paper, porcelain, metal, cardboard and plastics, making them ideal for DIY applications. Furthermore, in October 2020, Pidilite Industries Ltd. paid US$ 257 million for Huntsman Group's Indian subsidiary Huntsman Advanced Materials Solutions Private Limited in order to broaden its product range for the do-it-yourself consumer adhesives market. It allows the company to exploit market expansion.

In 2023, North America is expected to be the second-dominant region with over 20% of the global Hot Melt Adhesives market. The presence of some of the top packaging manufacturers in the region, such as International Paper, Ball Corporation and Owens-Illinois, is expected to be a crucial factor in market expansion. Mergers and acquisitions are the primary strategies of the market's leading players. In September 2021, Meridian Adhesives Group, a prominent manufacturer and formulator of water-based and hot-melt adhesives and coatings, bought Prime Blend LLC.

Dynamics

Growing Demand for Paper Packaging

The rapid increase of e-commerce has led to a huge increase in demand for packaging materials. Hot melt adhesives are crucial in packing applications such carton sealing, labeling and assembly because they provide strong and quick bonding solutions. Furthermore, the Statistisches Bundesamt estimates that in 2023, the German packaging industry will earn around US$ 37.94 billion in sales. It was an increase over the previous year, totaling US$ 32.09 billion.

Since 2008, China has been the world's largest producer of paper packaging and cardboard. According to a survey performed by the China Paper Association, the total number of paper and paperboard manufacturing businesses in China stood at 2,500 in 2023, with a nationwide paper and paperboard output of 129.65 million tons, a 4.35% increase over the previous year.

Rising Concerns About Sustainability

There is an increasing demand for ecological and recyclable packaging solutions. Hot melt adhesives are used in the packaging sector because they can bond a wide range of materials and are compatible with recycling processes. Manufacturers are developing environmentally friendly hot melt adhesives to address the growing need for sustainable packaging choices.

The market is being driven by rising demand for bio-based hot melt adhesives in U.S., which are becoming more sustainable. For example, Jowat, an adhesive manufacturer, has introduced solutions derived from renewable raw materials that have acquired approval from U.S. Department of Agriculture, particularly for the North American market.

Volatility of Raw Material Price and Environmental Concerns

Hot melt adhesives are largely composed of petrochemical derivatives like ethylene-vinyl acetate (EVA), polyethylene and polypropylene. Prices for these basic materials are extremely variable, impacted by shifts in crude oil prices, geopolitical tensions and supply-demand imbalances. The volatility has a substantial impact on the production costs of hot melt adhesives, which makes it difficult for manufacturers to maintain steady pricing and profitability.

The production and usage of hot melt adhesives can create environmental concerns, notably over adhesive product disposal and the potential environmental impact. The is especially true for adhesives that aren't biodegradable or recyclable. Increasing awareness and demand for sustainable and eco-friendly products has led to increased scrutiny of traditional hot melt adhesives, forcing producers to find greener alternatives.

Segment Analysis

The global hot melt adhesives market is segmented based on product, material, application and region.

Rising Demand for Paper Packaging Drives the Segment Growth

Packaging is expected to be the dominant segment with over 30% of the market during the forecast period 2024-2031. Hot melt adhesives are becoming more popular in the packaging industry as food consumption rises and new applications emerge. For example, packaging is one of India's fastest-growing sectors. The sector has grown steadily over the last few years and is predicted to expand further, notably in the export sector.

For example, from April to December 2023, paper imports in India increased by 37% to 1.47 million tons, according to data from the Indian Paper Manufacturers Association. Furthermore, according to an estimate provided by the Statistisches Bundesamt in March 2023, paper packaging accounted for around 46% of packaging sector sales in Germany in 2022. Almost 34% consisted of plastic packaging.

Geographical Penetration

Rapid Investments in Infrastructure Drives Demand in Asia-Pacific

Asia-Pacific is expected to be the dominant region in the global hot melt adhesives market covering over 30% of the market. Governments and the business sector in Asia-Pacific are investing in infrastructure projects such as transportation, utilities and residential and commercial building. Hot melt adhesives are utilized in a variety of construction applications, such as paneling, flooring installation, insulation bonding and roofing, which increases demand for adhesives in the industry.

In accordance to the Indian Brand Equity Foundation, capital investment in infrastructure is expected to expand by 33%, to around US$ 122 billion, for the fiscal year 2023-24, accounting for 3% of GDP. Furthermore, the Indian government has created a number of strategies to attract private investment in the sectors of roads and highways, airports, business parks and higher education and skill development. Private equity and venture capital firms spent US$ 3.5 billion in Indian enterprises between May 2023, with 71 agreements.

Competitive Landscape

The major global players in the market include Henkel AG & Co. KGaA, H.B. Fuller Company, Dow, Sika AG, Jowat SE, Arkema Group, Ashland, 3M, Avery Dennison Corporation and Beardow Adams.

COVID-19 Impact Analysis

The pandemic significantly disrupted supply chains for raw materials used in hot melt adhesives, including ethylene-vinyl acetate, polyethylene and other petrochemicals. Lockdowns and limitations in key manufacturing countries resulted in shortages and higher raw material prices. Transportation limitations and reduced staff availability during lockdowns caused disruptions in the globally logistics network. Delays in shipment and increasing freight costs further disrupted the supply chain of hot melt glue manufacturers.

It boosted demand for packing materials, which was driven by a boom in e-commerce and home delivery. Hot melt adhesives are used extensively in the packaging sector for carton sealing, labeling and other purposes. On the other hand, the automotive and construction industries, which are major users of hot melt adhesives, experienced downturns due to suspended production and decreased economic activity. It caused a temporary decrease in demand for adhesives used in these industries.

Russia-Ukraine War Impact

The conflict has affected the availability of critical raw materials used in the production of hot melt glue. Russia and Ukraine are large exporters of a variety of chemicals and raw materials, especially petroleum derivatives, which are required for adhesive production. The battle has caused a surge in global energy prices, particularly for oil and natural gas. Due to the manufacturing of hot melt adhesives is energy-intensive, growing energy costs have greatly raised the entire production costs.

The conflict has resulted in variations in demand across various businesses. Manufacturers are facing greater operational costs, which are frequently passed on to customers in the form of higher pricing for hot melt adhesive. Prices for important raw materials like ethylene-vinyl acetate and polyolefins have risen due to supply problems and rising demand. It has increased the financial pressure on glue manufacturers.

By Product

Glue Guns
Sprayable Adhesives
Others

By Material

Ethylene-vinyl acetate
Thermoplastic rubber
Polyolefin
Polyamide
Others

By Application

Packaging
Assembly
Woodworking
Automotive
Nonwovens
Others

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- UK
- France
- Italy
- Russia
- Rest of Europe
South America
- Brazil
- Argentina
- Rest of South America
Asia-Pacific
- China
- India
- Japan
- Australia
- Rest of Asia-Pacific
Middle East and Africa

Key Developments

In April 2023, Avery Dennison and Dow cooperated to create a novel and sustainable hot melt label adhesive solution. It allows polyolefin film labels and polypropylene (PP) or polyethylene (PE) packaging to be technically recycled in the same stream. Avery Dennison sells CF3050 throughout Europe, Middle East and North Africa (EMENA) region, based on Dow's AFFINITY(TM) GA polymers.
In June 2022, Henkel has expanded its hot melt adhesive manufacturing capacity by building a plant in Nuevo Leon, Mexico.

Why Purchase the Report?

To visualize the global hot melt adhesives market segmentation based on product, material, application and region, as well as understand key commercial assets and players.
Identify commercial opportunities by analyzing trends and co-development.
Excel data sheet with numerous data points of hot melt adhesives market-level with all segments.
PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
Product mapping available as excel consisting of key products of all the major players.

The global hot melt adhesives market report would provide approximately 62 tables, 57 figures and 205 pages.

Target Audience 2024

Manufacturers/ Buyers
Industry Investors/Investment Bankers
Research Professionals
Emerging Companies

1. Methodology and Scope

1.1. Research Methodology
1.2. Research Objective and Scope of the Report

2. Definition and Overview

3. Executive Summary

3.1. Snippet by Product
3.2. Snippet by Material
3.3. Snippet by Application
3.4. Snippet by Region

4. Dynamics

4.1. Impacting Factors
- 4.1.1. Drivers
  - 4.1.1.1. Growing Demand for Paper Packaging
  - 4.1.1.2. Rising Concerns About Sustainability
- 4.1.2. Restraints
  - 4.1.2.1. Volatility of Raw Material Price and Environmental Concerns
- 4.1.3. Opportunity
- 4.1.4. Impact Analysis

5. Industry Analysis

5.1. Porter's Five Force Analysis
5.2. Supply Chain Analysis
5.3. Pricing Analysis
5.4. Regulatory Analysis
5.5. Russia-Ukraine War Impact Analysis
5.6. DMI Opinion

6. COVID-19 Analysis

6.1. Analysis of COVID-19
- 6.1.1. Scenario Before COVID-19
- 6.1.2. Scenario During COVID-19
- 6.1.3. Scenario Post COVID-19
6.2. Pricing Dynamics Amid COVID-19
6.3. Demand-Supply Spectrum
6.4. Government Initiatives Related to the Market During Pandemic
6.5. Manufacturers Strategic Initiatives
6.6. Conclusion

7. By Product

7.1. Introduction
- 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 7.1.2. Market Attractiveness Index, By Product
7.2. Glue Guns*
- 7.2.1. Introduction
- 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
7.3. Sprayable Adhesives
7.4. Others

8. By Material

8.1. Introduction
- 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Material
- 8.1.2. Market Attractiveness Index, By Material
8.2. Ethylene-vinyl acetate*
- 8.2.1. Introduction
- 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
8.3. Thermoplastic rubber
8.4. Polyolefin
8.5. Polyamide
8.6. Others

9. By Application

9.1. Introduction
- 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 9.1.2. Market Attractiveness Index, By Application
9.2. Packaging*
- 9.2.1. Introduction
- 9.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
9.3. Assembly
9.4. Woodworking
9.5. Automotive
9.6. Nonwovens
9.7. Others

10. By Region

10.1. Introduction
- 10.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
- 10.1.2. Market Attractiveness Index, By Region
10.2. North America
- 10.2.1. Introduction
- 10.2.2. Key Region-Specific Dynamics
- 10.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 10.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Material
- 10.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 10.2.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 10.2.6.1. U.S.
  - 10.2.6.2. Canada
  - 10.2.6.3. Mexico
10.3. Europe
- 10.3.1. Introduction
- 10.3.2. Key Region-Specific Dynamics
- 10.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 10.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Material
- 10.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 10.3.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 10.3.6.1. Germany
  - 10.3.6.2. UK
  - 10.3.6.3. France
  - 10.3.6.4. Italy
  - 10.3.6.5. Russia
  - 10.3.6.6. Rest of Europe
10.4. South America
- 10.4.1. Introduction
- 10.4.2. Key Region-Specific Dynamics
- 10.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 10.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Material
- 10.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 10.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 10.4.6.1. Brazil
  - 10.4.6.2. Argentina
  - 10.4.6.3. Rest of South America
10.5. Asia-Pacific
- 10.5.1. Introduction
- 10.5.2. Key Region-Specific Dynamics
- 10.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 10.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Material
- 10.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 10.5.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 10.5.6.1. China
  - 10.5.6.2. India
  - 10.5.6.3. Japan
  - 10.5.6.4. Australia
  - 10.5.6.5. Rest of Asia-Pacific
10.6. Middle East and Africa
- 10.6.1. Introduction
- 10.6.2. Key Region-Specific Dynamics
- 10.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 10.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Material
- 10.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application

11. Competitive Landscape

11.1. Competitive Scenario
11.2. Market Positioning/Share Analysis
11.3. Mergers and Acquisitions Analysis

12. Company Profiles

12.1. Henkel AG & Co. KGaA*
- 12.1.1. Company Overview
- 12.1.2. Product Portfolio and Description
- 12.1.3. Financial Overview
- 12.1.4. Key Developments
12.2. H.B. Fuller Company
12.3. Dow
12.4. Sika AG
12.5. Jowat SE
12.6. Arkema Group
12.7. Ashland
12.8. 3M
12.9. Avery Dennison Corporation
12.10. Beardow Adams

LIST NOT EXHAUSTIVE