The global hot melt adhesives market size was US$ 7.1 billion in 2021. The global hot melt adhesives market is forecast to grow to US$ 13.1 billion by 2030 by registering a compound annual growth rate (CAGR) of 6.1% during the forecast period from 2022 to 2030.

Factors Influencing the Market
The packaging industry has expanded exponentially in recent years, owing to the growing global demand for packaged food and beverages. Hot melt adhesives find a broad range of applications in the paper, board, and packaging industries, which will drive the growth of the market. Moreover, it is also used in printed sheet lamination and corrugated box construction and in the production of large industrial cores and tubes. Thus, all of these aforementioned applications, will drive the growth of the hot melt adhesives market.
The rapidly rising e-commerce industry will drive the growth of the packaging industry. As a result, the demand for hot melt adhesives is expected to rise during the forecast period.
Hot melt adhesives are suitable for DIY applications because they can bind to a variety of materials and surfaces. Moreover, the concept of DIY is growing at a substantial pace across North America and Europe. DIY applications include art, woodworking, general product packaging, and others. Thus, it will boost the growth of the global hot melt adhesives market. On the contrary, price volatility in raw materials may limit the growth of the market during the study period.

COVID-19 Impact Analysis
Due to the COVID-19 pandemic, the demand for hot melt adhesives increased drastically. It is majorly owing to the rise in the demand for packaged food products. Furthermore, the rapidly evolving concept of DIY has also contributed to the growth of the market amid the pandemic. The market for hot melt adhesives has also witnessed substantial growth opportunities due to the rise in the demand for effective packaging.

Regional Analysis
The Asia-Pacific hot melt adhesives market is forecast to record a substantial growth rate, owing to the growing demand for packaging and disposable hygiene products in the region. Furthermore, the region is home to some renowned market players, which will contribute to the growth of the market. Apart from that, rising consumer awareness related to hygiene and the escalating demand for nonwoven hygiene products will benefit the market throughout the forecast period. Moreover, the growing demand for packed food products and increasing interest of youth in DIY will also benefit the Asia-Pacific hot melt adhesives market during the forecast period.

Competitors in the Market
Dow Inc.
3M Co.
Adtek Consolidated Sdn. Bhd.
Arkema Group
Beardow Adams
Bond Tech Industries
Bhnen GmbH & Co. KG
Cherng Tay Technology Co., Ltd.
Costchem S.r.l.
Daubert Chemical Co.
Other Prominent Players

Market Segmentation
The global hot melt adhesives market segmentation focuses on Product, Application, and Region.
By Product Type
Ethylene Vinyl Acetate
Styrenic Block Copolymer
Polyurethane
Polyamide
Amorphous Polyalphaolefins
Metallocene Polyolefins
Polyester
By Application
Packaging
Disposables
Pressure-sensitive products
Bookbinding
Furniture
Footwear
Automobile
Textile
Electronics
Others
By Region
? North America
o The U.S.
o Canada
o Mexico
? Europe
? Western Europe
o The UK
o Germany
o France
o Italy
o Spain
o Rest of Western Europe
? Eastern Europe
o Poland
o Russia
o Rest of Eastern Europe
? Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o ASEAN
o Rest of Asia Pacific
? Middle East & Africa (MEA)
o UAE
o Saudi Arabia
o South Africa
o Rest of MEA
? South America
o Brazil
o Argentina
o Rest of South America