Market Size of Polyester Hot Melt Adhesives Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | 4.00 % |
Fastest Growing Market | Asia Pacific |
Largest Market | Asia Pacific |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Polyester Hot Melt Adhesives Market Analysis
The market for polyester hot melt adhesives is expected to grow at a CAGR of about 4% globally during the forecast period. Increasing demand from the automobile industry and growing demand from the packaging industry are driving the market. On the flip side, the limited application of polyester hot melt adhesives coupled with unfavorable conditions arising due to the COVID-19 outbreak are hindering the market growth.
- The polyester hot melt adhesives market is expected to grow during the forecast period due to the increasing demand from the automobile industry.
- Asia-Pacific region to dominate the market across the globe with the largest consumption from countries such as China and India.
Polyester Hot Melt Adhesives Industry Segmentation
The Polyester Hot Melt Adhesives Market report include:
Application | ||||
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Food and Medical Packaging | ||||
Electrical Components | ||||
Heat Seal Coatings | ||||
Textile Laminates | ||||
Others |
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Polyester Hot Melt Adhesives Market Size Summary
The polyester hot melt adhesives market is poised for growth, driven primarily by increasing demand from the automobile and packaging industries. These adhesives are particularly valued in the automotive sector for their high-temperature resistance and quick setting time, making them ideal for sealing air and ventilation filters. Despite their advantages, the market faces challenges due to the limited application scope of these adhesives and the lingering effects of the COVID-19 pandemic. The Asia-Pacific region is expected to lead the market, with significant consumption in China and India, where the automotive and textile industries are expanding. The compatibility of polyester hot melt adhesives with various materials, including metals and non-woven fabrics, further supports their adoption in diverse applications.
The market's expansion is further bolstered by the robust growth of the packaging industry in India and China, driven by increasing e-commerce activities and a growing population. India's position as a major player in the global textile industry and the rapid growth of its packaging sector contribute significantly to the demand for polyester hot melt adhesives. Similarly, China's dominant e-commerce market, led by companies like Alibaba, underscores the rising need for efficient packaging solutions. Despite being partially fragmented, the market features key players such as Cattie Adhesives, Nihon Matai Co., Ltd., Bostik, Henkel Limited, and Bühnen GmbH & Co. KG, who hold a marginal share yet play a crucial role in shaping market dynamics.
Polyester Hot Melt Adhesives Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Increasing Demand from the Automobile Industry
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1.1.2 Growing Demand from the Packaging Industry
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1.2 Restraints
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1.2.1 Limited Application of Polyester Hot Melt Adhesives
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1.2.2 Unfavorable Conditions Arising Due to the COVID-19 Outbreak
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1.3 Industry Value Chain Analysis
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1.4 Porters Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION
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2.1 Application
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2.1.1 Industrial Assembly
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2.1.1.1 Automobile
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2.1.1.2 Others
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2.1.2 Food and Medical Packaging
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2.1.3 Electrical Components
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2.1.4 Heat Seal Coatings
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2.1.5 Textile Laminates
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2.1.6 Others
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2.2 Geography
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2.2.1 Asia-Pacific
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2.2.1.1 China
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2.2.1.2 India
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2.2.1.3 Japan
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2.2.1.4 South Korea
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2.2.1.5 Rest of Asia-Pacific
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2.2.2 North America
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2.2.2.1 United States
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2.2.2.2 Canada
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2.2.2.3 Mexico
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2.2.3 Europe
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2.2.3.1 Germany
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2.2.3.2 United Kingdom
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2.2.3.3 Italy
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2.2.3.4 France
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2.2.3.5 Rest of Europe
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2.2.4 South America
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2.2.4.1 Brazil
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2.2.4.2 Argentina
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2.2.4.3 Rest of South America
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2.2.5 Middle-East and Africa
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2.2.5.1 Saudi Arabia
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2.2.5.2 South Africa
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2.2.5.3 Rest of Middle-East and Africa
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Polyester Hot Melt Adhesives Market Size FAQs
What is the current Polyester Hot Melt Adhesives Market size?
The Polyester Hot Melt Adhesives Market is projected to register a CAGR of 4% during the forecast period (2024-2029)
Who are the key players in Polyester Hot Melt Adhesives Market?
Cattie Adhesives, Nihon Matai Co.,Ltd, Bostik, Henkel Limited and Bühnen GmbH & Co. KG are the major companies operating in the Polyester Hot Melt Adhesives Market.