Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Hot Melt Adhesives Market size was estimated at USD 9.14 billion in 2024 and is expected to surpass USD 17.03 billion by the end of 2037, rising at a CAGR of 4.9% during the forecast period, i.e., 2025-2037. In 2025, the industry size of hot melt adhesives is evaluated at USD 9.59 billion.
The growing need for hot melt adhesives across a range of end-use industries, including packaging, automotive, and nonwoven hygiene goods, is driving the market expansion. The government was encouraged by the Indian Cellular and Electronics Association of India (ICEA of India) to expand the production-linked incentive (PLI) program to include adhesives, subassemblies, and electronic components. The government has reaffirmed its commitment to strengthening local manufacturing by dramatically increasing budget allocations for key industries under the PLI Scheme in 2025–2026, in a strong drive to boost industrial growth. There have been significant increases in several sectors. For instance, allocations for automobiles and auto components have risen substantially from USD 41.53 million to USD 337.45 million, and for electronics and IT hardware, they have increased from USD 691.50 million (the updated estimate for 2024–25) to USD 1.078 billion. A significant improvement has also been provided to the textile industry, whose budget has increased from USD 5.39 million to USD 137.54 million.
The growing need for packaging solutions in the e-commerce industry is one of the factors driving the hot melt adhesives market's expansion. To guarantee that products arrive at consumers' destinations in perfect condition, the rise in online shopping has made efficient and dependable packing essential. Hot melt adhesives' quick bonding, adaptability, and robust adhesion qualities make them especially well-suited for high-speed packaging applications. Furthermore, manufacturers are investigating environmentally friendly hot melt adhesive solutions as a result of consumers' increasing choice for recyclable and sustainable packaging materials, which is propelling market expansion.
The growing use of hot melt adhesives in the automobile sector is another important factor. Lightweight materials are increasingly used in automotive design as automakers work to improve fuel economy and lower emissions. Hot melt adhesives are perfect for lightweight vehicle assembly because they provide exceptional bonding strength for a range of substrates, including metals, composites, and polymers. Their use in the production of automobiles is further enhanced by their capacity to provide noise, vibration, and harshness (NVH) control.
Hot Melt Adhesives Sector: Growth Drivers and Challenges
Growth Drivers
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Growing demand for adhesive tapes in industrial uses: Adhesive tapes' quick bonding, flexibility, and working time make them the newest trend in the market. These tapes are increasingly being chosen by engineers in a variety of industries, including the automotive and aviation sectors. Adhesives serve as a substitute for mechanical fasteners. Depending on the needs, they can be made with different viscosities and incorporated into films and tapes. In December 2022, 3M Hi-Tack Silicone Adhesive Tapes are a next-generation silicone adhesive. The 2480 3M Single Coated Medical Nonwoven Tape with Hi-Tack Silicone Adhesive on Liner is the first of its kind. It offers all the conventional advantages of 3M's base silicone adhesive portfolio along with extended wear intervals, support for heavier devices, and more secure attachment. These are also becoming more and more popular because they are inexpensive to produce and labor. In addition, they are favored over conventional adhesives because of their mild smell, which contributes to a comfortable working atmosphere.
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Increasing adoption in the automotive sector: The use of adhesives in automotive manufacturing processes is being influenced by growing demand and vehicle production. Hot melt adhesives are in high demand for electrical assemblies, upholstery, trimmings, and interior components as a result of this quick expansion. These adhesives are used by automakers because they are lightweight and improve overall vehicle performance and fuel efficiency.
The forecast for the hot melt adhesives market in India is also being impacted by the growing trend of electric vehicles (Evs). The IEA's Global EV Outlook 2023 predicts that sales of electric vehicles will remain high through 2023. Over 10 million Evs were sold in 2022, making up over 14% of all vehicle sales in that year.Strong, long-lasting, and heat-resistant bonding solutions are needed for lightweight materials, wiring harnesses, and EV batteries. Hot melt adhesives are perfect for automotive applications because of their superior flexibility, stickiness, and resilience to vibration.
Challenges
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Low thermal resistance: At low temperatures, hot melt adhesives are more fragile, while at high temperatures, they become softer. They are thermoplastics. The substrate's thermal load limits its use to substrates that cannot withstand high temperatures. Other disadvantages include the inability to adhere to high temperatures or substrates that can melt the adhesive. Lack of binding strength at higher temperatures before the adhesive is completely melted, thermal loading of the substrate, and restriction of the use of substrates that are not susceptible to higher temperatures. Hot melt adhesives' susceptibility to higher temperatures, which can cause them to lose their binding strength, is a major problem impeding the market's growth.
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Volatile raw material prices: Cost fluctuations for raw materials have an effect on production costs, which prevents the market from expanding. Manufacturers find it difficult to maintain competitive pricing and overall market security due to the unpredictability of material prices. Price volatility for raw materials necessitates industry-wide risk management and strategic adaptation to lessen the negative impact on the hot melt adhesives market's growth trajectory.
Hot Melt Adhesives Market: Key Insights
| Report Attribute | Details |
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
4.9% |
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Base Year Market Size (2024) |
USD 9.14 billion |
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Forecast Year Market Size (2037) |
USD 17.03 billion |
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Regional Scope |
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Hot Melt Adhesives Segmentation
Product (EVA, Polyurethane, Rubber, and Polyolefin)
The EVA segment in the hot melt adhesives market is projected to gain a 40.5% share through 2037, owing to its exceptional flexibility and adhesive qualities, which can be used in a wide range of applications. Due to their efficiency and dependability, EVA-based adhesives are becoming more and more popular in the construction, automotive, and packaging industries. EVA's widespread use across a range of industries has been further bolstered by the strong need for strong, lightweight materials. Furthermore, EVA's performance properties have been improved by formulation advances, which have helped it maintain its dominant position in the market.
The projection term is expected to have a notable compound annual growth rate (CAGR) in the rubber industry. This expansion is explained by the growing need for hot melt adhesives in applications that call for robust and long-lasting bonding, especially in pressure-sensitive goods such as tapes and labels. Rubber-based adhesives' quick bonding speed contributes to accelerated manufacturing processes and lower labour costs. Further increasing their attractiveness across sectors are developments in rubber adhesive compositions that improve their performance in a range of environmental circumstances. As a result, the increasing use of hot melt adhesives in crucial applications sets up the rubber market for strong expansion in the years to come.
Hot melt adhesives based on polyolefins, such as polyethylene and polypropylene, constitute another important market. These adhesives are renowned for their exceptional ability to withstand exposure to chemicals and heat. Hot melt adhesives based on polyolefins are frequently employed in the packaging and automotive sectors, where long-term performance and durability are essential. Because polyolefin adhesives can efficiently connect diverse substrates, the automotive industry's move to lightweight materials has further increased demand for them.
Application (Packaging, Assembly, Woodworking, Automotive, and Nonwovens)
The packaging segment is likely to hold a noteworthy share by the end of 2037. Hot melt adhesives are widely used in many packaging applications, such as tray forming, labelling, and box and carton sealing, which accounts for their dominance. This tendency has been greatly influenced by the growing need for effective packaging solutions, which has been fuelled by the expansion of e-commerce in recent years. Furthermore, hot melt adhesives are now a preferred option for manufacturers due to improvements in their performance and dependability in packaging brought about by advances in adhesive technology. The packaging industry has grown tremendously as a result of industries placing a high priority on sustainable and efficient packaging choices.
Nonwoven hygiene products represent a sizable additional market for hot melt adhesives. These adhesives are essential to the manufacturing of adult incontinence products, sanitary napkins, and diapers. The growing worldwide population, rising living standards, and growing awareness of personal hygiene are some of the reasons driving the market for nonwoven hygiene products. The development of these personal hygiene products relies heavily on hot melt adhesives due to their remarkable skin-friendliness, flexibility, and bonding strength. The market expansion in this sector is anticipated to be driven by ongoing innovation in hot melt adhesive compositions to improve performance and safety.
The hot melt adhesives market is also heavily influenced by the woodworking application segment. Due to their powerful bonding properties and ease of use, hot melt adhesives are frequently employed in the assembly of furniture, cabinets, and other wood goods. The use of hot melt adhesives in the woodworking industry has been fuelled by the rising need for long-lasting and aesthetically pleasing furniture. Furthermore, the development of low-VOC and recyclable hot melt adhesives as a result of the move towards environmentally friendly and sustainable furniture production has bolstered market expansion in this sector.
Our in-depth analysis of the global hot melt adhesives market includes the following segments:
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Product |
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Application |
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Vishnu Nair
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Hot Melt Adhesives Industry - Regional Scope
Asia Pacific Market Forecast
Asia Pacific is expected to lead the hot melt adhesives market with a share of 52.3% during the forecast period. The market growth in the region is due to the significant manufacturing presence in the construction, automotive, and packaging industries, as well as its quick industrial growth. Effective adhesive solutions are becoming more and more necessary as a result of the growing middle class in Asia and the resulting demand for consumer goods.
China's manufacturing prowess in textiles and electronics propels the country's hot melt adhesives market. Advanced adhesive solutions for a variety of industries have been made possible by technological progress. The nation's strong export industry and trade agreements strengthen its position as a global supplier. Additionally, the need for environmentally friendly adhesives has grown as a result of the emphasis on sustainable production techniques. Therefore, over the projected period, China is anticipated to continue to dominate the region.
India's advanced manufacturing capabilities and high consumer spending are driving the country's hot melt adhesives market's growth. Furthermore, the automotive sector is seeing a comeback, which is driving up the use of hot melt adhesives in a variety of applications. Additionally, the packaging industry continues to play a major role in market expansion due to the growth of e-commerce and the need for effective packaging solutions. As per TRAI reports, the number of rural internet users increased from 357.97 million in 2023 to 398.37 million at the end of March 2024. Around USD 68 billion was the estimated size of India's e-commerce market in 2021, at a CAGR of 25.5%, it is projected to reach around USD 124 billion by 2024 and USD 324 billion by 2030.
Europe Market Analysis
European hot melt adhesives market is expected to experience a stable CAGR during the forecast period. The construction, automotive, and packaging industries have a strong demand for hot melt adhesives, which is propelling the market. The use of hot melt adhesives has increased in various industries due to the growing emphasis on effective and environmentally friendly adhesive solutions. Furthermore, hot melt adhesives are also a desirable option for manufacturers due to improvements in their performance and adaptability brought about by breakthroughs in adhesive technology.
Germany's rise can be ascribed to rising demand in major end-use industries such as automotive, packaging, and electronics. The need for efficient adhesive solutions across a range of application categories is supported by the robust manufacturing base. Demand for hot melt adhesive is expected to rise as the construction sector bounces back from the recession. Pidilite Industries, a producer of construction chemicals, adhesives, and sealants, has improved its partnership with Jowat SE, a family-run business in Germany that supplies industrial adhesives all over the world. To further solidify the cooperation, Pidilite will now only provide locally produced Jowat hot melts to Indian clients.
The U.K. is a key hot melt adhesives market, with considerable demand from the packaging, automotive, and furniture industries. The creation and uptake of environmentally friendly hot melt adhesive solutions are the result of the region's strict environmental laws and emphasis on sustainability. The necessity for nonwoven hygiene products and the expansion of e-commerce platforms are two major factors supporting the market's expansion in the region. Additionally, because hot melt adhesive has so many uses, the competitive environment is opening up new prospects, which is driving up demand for the product in the area.
Companies Dominating the Hot Melt Adhesives Landscape
- Henkel AG & Co. KGaA
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- H.B. Fuller Company
- Dow
- Sika AG
- Jowat SE
- Evonik Industries AG
- AVERY DENNISON CORPORATION
- TEX YEAR INDUSTRIES INC
- Buhnen GmbH & Co. Kg
- 3M
- Arkema Group
- Ashland Global Holdings Inc.
- Bostik SA
- Kleiberit Adhesives USA
- Adhesives Research, Inc.
Continuous innovation, collaborative efforts, and mergers and acquisitions to improve product portfolios and increase market presence are characteristics of the competitive environment. To satisfy the changing needs of diverse end-use sectors, major market participants concentrate on creating high-performance goods, sustainable solutions, and sophisticated adhesive formulations. To keep ahead of the competition and take advantage of new market opportunities, businesses are also spending money on research and development.
Here are some leading players in the hot melt adhesives market:
Recent Developments
- In April 2023, Dow Inc. collaborated with Avery Dennison Corporation to create a novel and environmentally friendly hotmelt label adhesive solution. This product makes it possible to mechanically recycle polypropylene or polyethylene packaging and polyolefin filmic labels in a single stream. Recyclass has approved its recycling in the HDPE colored stream (Class B), making it the first product of its sort in the label market.
- In February 2022, Fourny NV, a construction adhesives manufacturer with expertise in technologies centered on commercial roofing, construction, and other private label industrial specialties, was acquired by H.B. Fuller Company from its location in Belgium. The corporation claims that Fourny's role in the commercial roofing industry will enable the localization of U.S. imported goods.
Author Credits: Abhishek Bhardwaj
- Report ID: 4998
- Published Date: May 23, 2025
- Report Format: PDF, PPT
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