The global market for hot melt adhesives was valued at approximately USD 7.37 billion in 2020 and is projected to grow at a compound annual growth rate (CAGR) of 4.8% between 2021 and 2028. The increasing application of hot melt adhesives, particularly in the packaging sector for tasks such as sealing boxes and cartons for food and consumer products, is a significant driver of this market expansion. Hot melt adhesives (HMAs) are versatile, bonding effectively with a range of materials including fabric, paper, ceramics, metals, cardboard, and plastics, making them ideal for various DIY projects. While DIY trends are well-established in developed regions like North America and Europe, they are still gaining traction in other areas. Common DIY uses include crafts, packaging of general goods, and woodworking activities.

In the United States, there is a notable presence as both a major producer and consumer of hot melt adhesives. Demand for these products surged significantly due to the COVID-19 pandemic lockdowns. The resulting shift toward e-commerce and increased delivery services boosted the need for packaging, where hot melt adhesives are essential for securing parcel boxes.a

Gather more insights about the market drivers, restrains and growth of the Hot Melt Adhesives Market

Product Segmentation Insights

In 2020, the Ethylene-vinyl Acetate (EVA) segment accounted for the largest share of the market, exceeding 40.0% in volume. As a copolymer adhesive, EVA is utilized across various industries, including packaging, assembly, paper, and automotive. Its growth is driven by its excellent adhesion properties, strong mechanical strength, paraffin solubility, and notable flexibility.

The rubber segment is expected to achieve a CAGR of 5.4% in terms of revenue from 2021 to 2028. This adhesive is primarily used in pressure-sensitive applications like labels, tapes, and graphics. Its ability to provide immediate bonding speeds up manufacturing processes, thereby reducing time and labor costs, which supports market growth.

Polyolefin hot melts are increasingly applied in product assembly due to their strong barrier properties, excellent chemical resistance, and low moisture permeability. These attributes make them particularly valuable in the nonwoven product manufacturing and packaging sectors, contributing further to market growth.

Order a free sample PDF of the Market Intelligence Study, published by Grand View Research.