Polyester Hot Melt Adhesives Market By Application (Packaging, Polymer Films & Sheets, Automotive, Textiles & Fabrics, Electrical & Electronics), Region, Global Industry Analysis, Market Size, Share, Growth, Trends & Forecast 2021 to 2028
Newark, NJ, May 31, 2022 (GLOBE NEWSWIRE) — According to the report released by Fior Markets, the Global Polyester Hot Melt Adhesives Market is expected to grow from USD 482.2 million in 2020 and reach USD 792.2 million by 2028 growing at a CAGR of 9.2% during the forecast period 2021-2028.
The market for polyester hot melt adhesives has witnessed significant growth in recent years. This growth is attributed to the growing demand for advanced applications from various industries, such as automotive, manufacturing, packaging, furniture, and hygiene. Introduction of various favorable government policies and heavy investment in advanced polyester hot melt adhesives will propel the polyester hot melt adhesives market. Due to the growing adoption of e-commerce, online shopping has become the preferred shopping option for shoppers. Ultimately, HMAs are used as shipping labels on shipping boxes for online shopping, resulting in increased market growth.
Polyester hot melt adhesives are referred to as polymer-based thermoplastics used in packaging, manufacturing, furniture and hygiene applications for end-use industries. Polyester-based hot melt adhesives are used to seal various air and vent filters in the automotive industry. They have a short setting time, are resistant to high temperatures, are crystalline and solid at room temperature, are resistant to oil and other non-polar solvents and are suitable for oil filter applications. They are compatible with polyester, PVC, polycarbonate, aluminium, copper, steel, non-woven, leather and paper. The polyester hot melt adhesive exhibits excellent adhesion to metals, plastic films, wood panels and materials and exhibits superior resistance to hydrolysis at high temperatures and high humidity. It has a remarkable feature of not clogging when molding and winding.
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The global polyester hot melt adhesives market is expected to witness significant growth, owing to the increasing use of polyester hot melt adhesives which is relatively high compared to current solvent-based adhesives, increasing use of ready-to-use packaging by online businesses such as e-commerce and food delivery, polyester hot melt adhesives are economical in nature and environmentally friendly due to which they have a wide variety of applicability and dissolving properties of the polymer using solvent-free water and the increasing use of corrugated cardboard packaging in non-durable materials produced make it the part of users of end products such as medicine, food , durable consumer goods, rubber and oil. The factors limiting market growth are lack of resistance of tape to higher temperatures, limited use of substrates regarding polyester hot melt adhesive applications. The use of a reactive adhesive that is further cured after solidification by moisture and ultraviolet radiation will provide opportunities for market growth.
The major players operating in the global polyester hot melt adhesives market are Henkel AG & Co. KGaA, 3M, HB Fuller Company, Bostik, Sika AG, Arkema Group, and Dow Inc. To gain major market share in the global polyester hot melt adhesives market polyester hot melt adhesives. , the major players are now focusing on adopting many strategies.
For example, in September 2019, Henkel AG & Co. KGaA at FachPack 2019 launched hot melt adhesives for palletizing. This launch strengthened the company’s position around the world.
Textiles & fabrics segment dominated the market and held the largest market share of 35.8% in 2020
On the basis of application, the global polyester hot melt adhesives market is segmented into packaging, polymer films and sheets, automotive, textiles and fabrics, electrical and electronics. The textiles and fabrics segment dominated the market and held the largest market share of 35.8% in 2020. This growth is attributed to the growing need for breathability and water resistance properties. For example, in the footwear industry, this requires innovative technologies because the adhesives used in fabrics guarantee practical and durable bonds even for highly water-repellent fabrics pretreated with hydrophobic polymers, the rise of textile industries in economies emerging.
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Regional Segment of the Polyester Hot Melt Adhesives Market
North America (United States, Canada, Mexico)
Europe (Germany, France, UK, Italy, Spain, Rest of Europe)
Asia-Pacific (China, Japan, India, rest of APAC)
South America (Brazil and rest of South America)
Middle East and Africa (UAE, South Africa, Rest of MEA)
Based on geography, the global polyester hot melt adhesives market is categorized into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. The Asia-Pacific region held the largest market share in 2020. This growth is witnessed by the Japan region owing to the increasing growing demand for furniture and construction industries with high investments in infrastructure and manufacturing and the growing demand for nonwoven products is crucial for the growth in consumption. in the Asia-Pacific region. The packaging industry in North America is a significant driver for the market owing to the involvement of some of the largest packaging producers. Brazil, Mexico, Argentina, Colombia and Chile are the main growth countries, with packaging, electronics, automotive, textiles and footwear being the main market segments. Emerging economies such as India, Japan and China are high growth markets for the use of these adhesives, while many developed economies in Western Europe, such as Germany, Italy, UK, Spain and France, are expected to affect the hot melt polyester. Adhesives demand a lot.
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About the report:
The global polyester hot melt adhesives market is analyzed on the basis of value (million USD). All segments have been analyzed on a global, regional and country basis. The study includes analysis of more than 30 countries for each segment. The report offers an in-depth analysis of the driving factors, opportunities, restraints and challenges to obtain the key insights of the market. The study includes Porter’s Five Forces Model, Attractiveness Analysis, Commodity Analysis, and Competitor Position Grid Analysis.
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