Hot Melt Adhesives Market Report - Buffalo, NY

The global hot melt adhesives market was valued at USD 7.1 billion in 2017, and is likely to generate a demand of USD 10.7 billion by 2024, at a CAGR of 5.8% over the next seven years. Rising use of hot melt adhesives as a substitute for traditional solvent-borne adhesives across a wide range of end-use industries is expected to drive the market demand. Moreover, considerable growth in construction activities in developing economies is set to accelerate market demand over the forecast period.
The market for hot melt adhesives is projected to augment owing to its growing use in end-use industries such as packaging, construction, electronics, automotive, textile and hygiene, among others. As hot melt adhesives are environment friendly, they are increasingly being used as a replacement for solvent-borne adhesives. Also, growing popularity of thermoplastic polyurethane hot melts owing to their high resistance, strength and superior flexibility, is expected to further propel the market demand.

Hot melts are an adhesive system, which is thermally melted and develops cohesion (internal strength) on cooling. Hot melt adhesives are generally manufactured in the form of solid cylindrical sticks with varying dimensions. They are designed to melt in an electric hot glue gun, which uses a continuous-duty heating elements to melt the glue, triggered by mechanical mechanism. The hot glue gun has a loading chamber, where the hot melt adhesive sticks are loaded and heated up to its melting point i.e. 120-180 degree Celsius.