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市场调查报告书

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1496872

全球热熔胶市场 - 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个工作天内

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简介目录

概述

全球热熔胶市场2023年达到69亿美元，预计2031年将达98亿美元，2024-2031年预测期间复合年增长率为4.5%。

包装业是热熔胶的主要用户。这些黏合剂通常用于黏合纸板、瓦楞纸板、塑胶薄膜和箔片等包装材料，适用于箱子和纸箱密封、托盘成型、标籤和层压等应用。该行业对热熔胶的广泛使用产生了巨大的需求和市场主导地位。

热熔胶 (HMA) 可黏附在各种材料和表面上，包括织物、纸张、瓷器、金属、纸板和塑料，使其成为 DIY 应用的理想选择。此外，2020年10月，Pidilite Industries Ltd.斥资2.57亿美元收购亨斯迈集团的印度子公司亨斯迈先进材料解决方案私人有限公司，以扩大其DIY消费黏合剂市场的产品范围。它使公司能够开拓市场扩张。

到2023年，北美预计将成为第二主导地区，占全球热熔胶市场超过20%。该地区一些顶级包装製造商的存在，如国际纸业公司、鲍尔公司和欧文斯伊利诺伊州，预计将成为市场扩张的关键因素。併购是市场领导者的主要策略。 2021 年 9 月，着名的水基和热熔黏合剂及涂料製造商和配方商 Meridian Adhesives Group 收购了 Prime Blend LLC。

动力学

纸包装需求不断成长

电子商务的快速成长导致对包装材料的需求大幅增加。热熔胶在纸箱密封、标籤和组装等包装应用中至关重要，因为它们提供强大且快速的黏合解决方案。此外，德国统计局预计，到2023年，德国包装产业的销售额将达到约379.4亿美元。比上年增加，总额达320.9亿美元。

自2008年以来，中国一直是全球最大的纸包装和纸板生产国。中国造纸协会调查显示，2023年，全国纸及纸板生产企业总数为2,500家，全国纸及纸板产量1,2,965万吨，较上年增加4.35%。

对永续发展的担忧日益加剧

生态和可回收包装解决方案的需求不断增长。热熔胶用于包装领域，因为它们可以黏合多种材料并且与回收过程相容。製造商正在开发环保热熔胶，以满足对永续包装选择日益增长的需求。

美国对生物基热熔胶的需求不断增长，推动了市场的发展，而生物基热熔胶的可持续性也越来越强。例如，黏合剂製造商Jowat推出了源自再生原材料的解决方案，并获得了美国农业部的批准，特别是针对北美市场。

原物料价格波动与环境问题

热熔胶主要由石化衍生物组成，如乙烯-醋酸乙烯酯（EVA）、聚乙烯和聚丙烯。这些基本材料的价格变化极大，受到原油价格变动、地缘政治紧张局势和供需失衡的影响。这种波动对热熔胶的生产成本产生了实质影响，这使得製造商很难保持稳定的定价和获利能力。

热熔胶的生产和使用可能会产生环境问题，特别是胶合剂产品的处置和潜在的环境影响。对于不可生物降解或不可回收的黏合剂尤其如此。人们对永续和环保产品的认识和需求不断增加，导致对传统热熔胶的审查更加严格，迫使生产商寻找更环保的替代品。

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