Polyurethane Hot Melt Adhesives Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 7.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Polyurethane Hot Melt Adhesives Market Analysis
The global polyurethane (PU) hot-melt adhesives market was valued at around USD 1,00 million in 2021. The polyurethane (PU) hot-melt adhesive market is expected to witness a CAGR greater than 7% during the forecast period.
Major factors driving the market studied are rising environmental awareness, increasing demand from the Asia-Pacific packaging and electronics industry. However, volatility in the availability and price of raw materials is expected to hinder the growth of the market studied.
- Furniture industry dominated the market and is expected to grow during the forecast period, due to increasing residential and commercial construction activities, globally.
- Rising demand for bio-based PU hot melt adhesives is likely to provide various opportunities for the growth of the market in the future.
- Asia-Pacific region dominated the polyurethane (PU) hot-melt adhesive market across the world, with the largest consumption from the countries, such as China, India, and Japan.
Polyurethane Hot Melt Adhesives Market Trends
This section covers the major market trends shaping the Polyurethane Hot Melt Adhesive Market according to our research experts:
Increasing Demand from the Packaging and Electronics Industries
- An extremely high proportion of industrial products are sold in packaging, either due to requirements demanded storage and transport or for aesthetic reasons. PU hot-melt adhesives are mainstream adhesives in the packaging industry.
- They are most widely used for carton closing, sealing, etc. The packaging industry represents one of the largest end-user industries in the PU hot-melt adhesives market.
- PU hot-melt adhesives draw moisture from the substrates and the atmosphere and cure to form a stronger bond compared to other adhesives, including water-based adhesives and other hot-melt adhesive formulations.
- Moreover, polyurethane hot melt offers a stronger adhesion and cures better than traditional hot-melts, which makes it a prudent choice in the growing industrial packaging industry.
- Perfumes, cosmetics, and beauty products are customarily packaged in transparent cases. These hot-melt adhesives are used to seal those packages that ensure a clear application and help in dispensing a perfect end product.
- Due to all the above mentioned factors the Packaging and Electrnincs industry are expected to drive the market studied in the upcoming years.
Asia-Pacific Region to Dominate the Market
- Asia-Pacific region dominated the global market share. Asia-Pacific is also projected to register the highest growth during the forecast period, driven by strong growth of end-user industries, such as packaging, electronics, and automotive, through different countries, such as China, India, Malaysia, Thailand, and Indonesia.
- Polyurethane hot melt adhesives are used in wide range of applications ranging from automotive plastic components fixing, foam fixing, wire fixing, and other non-woven material fixing, corrugated boxes and paperboard cartons in the packaging industry, product assembly and laminating applications in the woodworking, Spine gluing in the bookbinding, footwear gluing, and various others.
- The Chinese automotive manufacturing industry is the largest in the world with over 26,082,220 units produced in 2021.
- The Chinese government has been planning to have a minimum of 5,000 fuel cell electric vehicles by 2025 and 1 million by 2030. With the government promoting the use of electric, hybrid, and fuel cell electric vehicles is expected to drive the market studied during the forecast period.
- In India the total automotive production was around 43,99,112 units in 2021 witnessing a 30% increase compared to last year. In recent times the demand for electric vehicles have been increasing which in turn is expected to boost the demand for the market in the country.
- Due to all the aforementioned factors the market is expected to see substantial growth in the upcoming years.
Polyurethane Hot Melt Adhesives Industry Overview
The global polyurethane (PU) hot-melt adhesive market is consolidated, where major players account for a significant portion of the market demand. Some of the major players (Not in any particular order) include 3M, H.B. Fuller, Henkel AG & Company KGaA, Arkema Group (Bostik AG), and Sika AG, amongst others.
Polyurethane Hot Melt Adhesives Market Leaders
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3M
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H.B. Fuller
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Henkel AG & Company KGaA
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Arkema Group (Bostik)
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Sika AG
*Disclaimer: Major Players sorted in no particular order
 Hot-melt Adhesive Market - Market Concentration.png "Polyurethane (PU) Hot-melt Adhesive Market Concentration")
Polyurethane Hot Melt Adhesives Market News
The recent developments pertaining to the major players in the market are being covered in the complete study
Polyurethane Hot Melt Adhesives Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
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4.1 Drivers
- 4.1.1 Increasing Demand from the Packaging and Electronics Industries
- 4.1.2 Rising Environmental Concerns Regarding Solvent-borne Adhesives
- 4.2 Restraints
- 4.3 Industry Value Chain Analysis
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4.4 Porter's Five Forces Analysis
- 4.4.1 Bargaining Power of Suppliers
- 4.4.2 Bargaining Power of Consumers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitute Products and Services
- 4.4.5 Degree of Competition
5. MARKET SEGMENTATION
-
5.1 Type
- 5.1.1 Non-reactive
- 5.1.2 Reactive
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5.2 Application
- 5.2.1 Paper, Board, and Packaging
- 5.2.2 Healthcare
- 5.2.3 Automotive
- 5.2.4 Furniture (Woodworking)
- 5.2.5 Footwear
- 5.2.6 Textiles
- 5.2.7 Electrical and Electronics
- 5.2.8 Bookbinding
- 5.2.9 Other Applications
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5.3 Geography
- 5.3.1 Asia-Pacific
- 5.3.1.1 China
- 5.3.1.2 India
- 5.3.1.3 Japan
- 5.3.1.4 South Korea
- 5.3.1.5 Rest of Asia-Pacific
- 5.3.2 North America
- 5.3.2.1 United States
- 5.3.2.2 Canada
- 5.3.2.3 Mexico
- 5.3.3 Europe
- 5.3.3.1 Germany
- 5.3.3.2 United Kingdom
- 5.3.3.3 Italy
- 5.3.3.4 France
- 5.3.3.5 Rest of Europe
- 5.3.4 South America
- 5.3.4.1 Brazil
- 5.3.4.2 Argentina
- 5.3.4.3 Rest of South America
- 5.3.5 Middle-East and Africa
- 5.3.5.1 Saudi Arabia
- 5.3.5.2 South Africa
- 5.3.5.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Market Ranking Analysis
- 6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles (Overview, Financials, Products and Services, and Recent Developments)
- 6.4.1 3M
- 6.4.2 Arkema Group (Bostik SA)
- 6.4.3 BASF SE
- 6.4.4 Hranipex AS
- 6.4.5 CHEMENCE
- 6.4.6 Collano Adhesives AG
- 6.4.7 DIC CORPORATION
- 6.4.8 Franklin International Inc.
- 6.4.9 H.B. Fuller Company
- 6.4.10 Henkel AG & Co. KGaA
- 6.4.11 BC Adhesives
- 6.4.12 Jowat SE
- 6.4.13 KLEBCHEMIE GmbH & Co. KG
- 6.4.14 Master Bond Inc.
- 6.4.15 Sika AG
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablityPolyurethane Hot Melt Adhesives Industry Segmentation
Polyurethane hot melt adhesives is an adhesive that is heated and dispensed from a cartridge or slug, unlike traditional hot melt which is in stick or pellet form. The market is segmented by Type (Non-reactive and Reactive), Application (Paper, Board, and Packaging, Healthcare, Automotive, Furniture, Footwear, Textile, Electrical and Electronics, Bookbinding, and Other Applications), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report offers market size and forecasts for 15 countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of Revenue (USD Million) for all the above segments.
| Type | Non-reactive | |
| Reactive | ||
| Application | Paper, Board, and Packaging | |
| Healthcare | ||
| Automotive | ||
| Furniture (Woodworking) | ||
| Footwear | ||
| Textiles | ||
| Electrical and Electronics | ||
| Bookbinding | ||
| Other Applications | ||
| Geography | Asia-Pacific | China |
| India | ||
| Japan | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| Italy | ||
| France | ||
| Rest of Europe | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America | ||
| Geography | Middle-East and Africa | Saudi Arabia |
| South Africa | ||
| Rest of Middle-East and Africa |
Polyurethane Hot Melt Adhesives Market Research FAQs
What is the current Polyurethane (PU) Hot-melt Adhesive Market size?
The Polyurethane (PU) Hot-melt Adhesive Market is projected to register a CAGR of greater than 7% during the forecast period (2024-2029)
Who are the key players in Polyurethane (PU) Hot-melt Adhesive Market?
3M, H.B. Fuller, Henkel AG & Company KGaA, Arkema Group (Bostik) and Sika AG are the major companies operating in the Polyurethane (PU) Hot-melt Adhesive Market.
Which is the fastest growing region in Polyurethane (PU) Hot-melt Adhesive Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Polyurethane (PU) Hot-melt Adhesive Market?
In 2024, the Asia Pacific accounts for the largest market share in Polyurethane (PU) Hot-melt Adhesive Market.
What years does this Polyurethane (PU) Hot-melt Adhesive Market cover?
The report covers the Polyurethane (PU) Hot-melt Adhesive Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Polyurethane (PU) Hot-melt Adhesive Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Polyurethane Hot Melt Adhesives Industry Report
Statistics for the 2024 Polyurethane Hot Melt Adhesives market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Polyurethane Hot Melt Adhesives analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
