Market Size of United Kingdom Hot-melt Adhesives Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 5.00 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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UK Hot-Melt Adhesives Market Analysis
The market for hot-melt adhesives in the United Kingdom is expected to register a CAGR of about 5% during the forecast period. The increasing usage of it as a substitute for solvent-borne adhesives is driving the demand of the market studied. However, the slowdown in the automotive industry is expected to restrain the growth of the market during the forecast period.
- The adoption of bio-based hot-melt adhesives is expected to augment the growth of the market during the forecast period.
- The paper board and packaging sector accounts for the major share of demand from the end-user industries. This sector is expected to continue its dominance during the forecast period.
UK Hot-Melt Adhesives Industry Segmentation
The United Kingdom hot-melt adhesives market report includes:
Resin Type | |
Thermoplastic Polyurethane | |
Ethylene Vinyl Acetate | |
Styrene-butadiene Copolymers | |
Other Resin Types |
End-user Industry | |
Building and Construction | |
Paper Board and Packaging | |
Woodworking and Joinery | |
Transportation | |
Footwear and Leather | |
Healthcare | |
Electrical and Electronic Appliances | |
Other End-user Industries |
United Kingdom Hot-melt Adhesives Market Size Summary
The United Kingdom hot-melt adhesives market is poised for steady growth, driven by the increasing preference for these adhesives as alternatives to solvent-borne options. This shift is largely due to the environmental benefits and efficiency offered by hot-melt adhesives. The paper board and packaging sector remains the dominant end-user, utilizing these adhesives extensively for applications such as carton sealing and flexible packaging. The sector's continued expansion is supported by design innovations and a growing emphasis on recyclable materials, which present new opportunities for product development. Despite the positive outlook, the market faces challenges from the slowdown in the automotive industry, which could potentially hinder growth.
The market is characterized by a diverse range of applications, including food packaging and the packaging of alcoholic beverages, where the demand for premium and sophisticated packaging solutions is on the rise. The use of styrenic-butadiene copolymers in hot-melt adhesives enhances their performance, offering benefits like improved tensile strength and impact resistance. This versatility makes them suitable for various industries, including automotive and electronics. The market is fragmented, with a few key players holding a significant share, indicating a competitive landscape where innovation and strategic positioning are crucial for maintaining market presence.
United Kingdom 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 Usage as a Substitute for Solvent-borne Adhesives
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1.1.2 High Demand for Packaged Food
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1.1.3 Positive Trends in the Construction Industry
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1.2 Restraints
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1.2.1 Slowdown of the Automotive Industry
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1.3 Industry Value-Chain Analysis
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1.4 Porter's 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 Resin Type
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2.1.1 Thermoplastic Polyurethane
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2.1.2 Ethylene Vinyl Acetate
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2.1.3 Styrene-butadiene Copolymers
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2.1.4 Other Resin Types
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2.2 End-user Industry
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2.2.1 Building and Construction
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2.2.2 Paper Board and Packaging
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2.2.3 Woodworking and Joinery
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2.2.4 Transportation
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2.2.5 Footwear and Leather
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2.2.6 Healthcare
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2.2.7 Electrical and Electronic Appliances
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2.2.8 Other End-user Industries
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United Kingdom Hot-melt Adhesives Market Size FAQs
What is the current United Kingdom Hot-melt Adhesives Market size?
The United Kingdom Hot-melt Adhesives Market is projected to register a CAGR of less than 5% during the forecast period (2024-2029)
Who are the key players in United Kingdom Hot-melt Adhesives Market?
Beardow Adams and Arkema are the major companies operating in the United Kingdom Hot-melt Adhesives Market.