North America Hot-melt Adhesives Market Size (2024 - 2029)

The North America hot-melt adhesives market is poised for notable expansion, driven by increasing demand from the packaging sector and a shift towards environmentally friendly solutions. Despite challenges such as raw material price volatility, the market is expected to benefit from the adoption of bio-based alternatives. The United States is anticipated to lead the market, experiencing the most rapid growth in the region.

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Market Size of North America Hot-melt Adhesives Industry

North America Hot-Melt Adhesives Market Growth
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 6.00 %
Market Concentration Low

Major Players

North America Hot-Melt Adhesives Market Major Players

*Disclaimer: Major Players sorted in no particular order

North America Hot Melt Adhesives Market Analysis

The North America hot-melt adhesives market is estimated to witness a significant growth, at an estimated CAGR of over 6%, over the forecast period. Increasing demand from the packaging industry and rising environmental concerns regarding solvent-borne adhesives are expected to drive the market during the forecast period.

  • Volatility in the availability and price of raw material forcing internal substitution is likely to hinder the market's growth.
  • Adoption of bio-based hot-melt adhesives are projected to create opportunities to the market growth in the coming years.
  • United States is expected to dominate the market and is also expected to witness the fastest CAGR during the forecast period.

North America Hot Melt Adhesives Industry Segmentation

The North America hot-melt adhesives market report includes:

Resin Type
Ethylene Vinyl Acetate
Styrenic-butadiene Copolymers
Thermoplastic Polyurethane
Other Resin Types
End-user Industry
Building and Construction
Paper, Board, and Packaging
Woodworking and Joinery
Transportation
Footwear and Leather
Healthcare
Electronics
Other End-user Industries
Geography
United States
Canada
Mexico
Rest of North America
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North America Hot-melt Adhesives Market Size Summary

The North America hot-melt adhesives market is poised for substantial growth, driven by increasing demand from the packaging industry and a shift towards environmentally friendly alternatives to solvent-borne adhesives. The market is experiencing a surge in applications across various sectors, particularly in packaging, where hot-melt adhesives are essential for carton closing, sealing, and pallet stabilization. The rise in e-commerce and online purchasing further fuels the demand, as these trends necessitate robust packaging solutions. Despite challenges such as raw material price volatility, the adoption of bio-based adhesives presents new opportunities for market expansion. The United States is expected to lead the market, benefiting from its strong manufacturing sector and advancements in industries such as automotive, healthcare, and electronics.

In the United States, the hot-melt adhesives market is bolstered by the country's robust economic growth and its position as a major production hub. The automotive industry is anticipated to see increased investment, which will likely boost the demand for hot-melt adhesives. The healthcare sector, with its advanced infrastructure and significant spending, along with the electronics market, which is the largest in terms of size, are key contributors to the market's growth. The consolidated nature of the market sees major players like 3M, Arkema Group, Dow, Henkel AG & Co. KGaA, and Sika AG driving innovation and competition. These factors collectively suggest a positive outlook for the hot-melt adhesives market in North America over the forecast period.

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North America Hot-melt Adhesives Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Increasing Demand from the Packaging Industry

      2. 1.1.2 Rising Environmental Concerns Regarding Solvent-borne Adhesives

    2. 1.2 Restraints

      1. 1.2.1 Volatility in the Availability and Price of Raw Material Forcing Internal Substitution

      2. 1.2.2 Other Restraints

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION

    1. 2.1 Resin Type

      1. 2.1.1 Ethylene Vinyl Acetate

      2. 2.1.2 Styrenic-butadiene Copolymers

      3. 2.1.3 Thermoplastic Polyurethane

      4. 2.1.4 Other Resin Types

    2. 2.2 End-user Industry

      1. 2.2.1 Building and Construction

      2. 2.2.2 Paper, Board, and Packaging

      3. 2.2.3 Woodworking and Joinery

      4. 2.2.4 Transportation

      5. 2.2.5 Footwear and Leather

      6. 2.2.6 Healthcare

      7. 2.2.7 Electronics

      8. 2.2.8 Other End-user Industries

    3. 2.3 Geography

      1. 2.3.1 United States

      2. 2.3.2 Canada

      3. 2.3.3 Mexico

      4. 2.3.4 Rest of North America

North America Hot-melt Adhesives Market Size FAQs

The North America Hot-melt Adhesives Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029)

3M, Arkema Group, Dow, Henkel AG & Co. KGaA and Sika AG are the major companies operating in the North America Hot-melt Adhesives Market.

North America Hot-melt Adhesives Report Snapshots

North America Hot-melt Adhesives Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)