Reactive Hot Melt Adhesives Market

The Reactive Hot Melt Adhesives Market is expected to witness a CAGR of approximately 8.1% during the forecast period, 2022-2029.

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Market Dynamic

Key Drivers and Emerging Trends

Growing end-use industries including automotive, packaging, footwear, woodworking, and construction together with the rising demand for long lasting and ultra-strong bond is expected to drive the growth of the reactive hot melt adhesives market size. In addition, the reactive hot melt adhesives provide flexibility, high strength, and excellent adhesion to a range of substrates, including wood, plywood, fabrics, foams, metals, and plastics and offer various advantages that includes resistance to water and steam, high heat resistance, and can level out of irregularities in the surface. This is further expected to accelerate the growth of the global reactive hot melt adhesives market size over the forecast period.

Moreover, the reactive hot melt adhesives are used in the manufacturing and assembly of the different parts for car interiors and find application in the lamination of instrument panels, side and door panelling, and centre consoles with a variety of different decor materials, which is expected to promote their demand in the automotive sector. Furthermore, low VOC content in the reactive hot melt adhesives as compared to the conventional solvent-based products is expected to contribute to the market growth over the forecast period.

Restraint in the Reactive Hot Melt Adhesives Market

However, higher curing time of reactive hot melt adhesives in comparison to other adhesives is expected to restraint the growth of the market. Moreover, the reactive hot melt adhesives attain high initial bond strength in less time, which allows very little time for adjustments in the application. This may further hamper the market growth.

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Product – Segment Analysis

Based on the product, polyurethane is expected to hold a prominent share in the market over the forecast period owing to their exceptional heat, cold and moisture-resistance, which makes them an ideal choice to form very strong permanent bonds to most materials including metals, papers, glass, foams, nylon, plastics, and rubber in extreme weather environments. Increased use of PUR reactive hot melt adhesive for the bonding of SIP panels, door manufacturing, garage door construction and the walls of recreational vehicles is further supporting the market growth.

Application – Segment Analysis

Based on the application, packaging is expected to account for a large share in the reactive hot melt adhesion market over the forecast period. This can be attributed to its wide range of applications including carton and case sealing, pallet stabilization, construction of paper cups, bags, spiral wound tubing, and plastic container bonding. The shorter set time, water resistance, and easy application of hot melt adhesives allow more efficient packaging processes, which further promotes the market growth.

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Regional – Segment Analysis:

North America is expected to account for a notable share in the reactive hot melt adhesives market. This can be attributed to the economic development, rising number of industries including automotive, furniture, and electronics, and increasing demand for convenient packaging of food, beverages, and pharmaceutical products among consumers. Moreover, according to the PFA, more than 1.5 billion pounds of flexible polyurethane foam are produced in North America each year. This is expected to further support the growth of the reactive hot melt adhesives market in North America in the coming years.

Top Market Players

Several leading Reactive Hot Melt Adhesives companies operating in the market, include, H.B. Fuller Company, Henkel AG & Co. KGaA, 3M Company, Jowat SE, Avery Dennison Corporation, Dow Inc., ZheJiang Good Machinery Co., Ltd., Tex Year Industries Inc., Guangdong Huate Gas Co., Ltd., and Nanpao Resins Chemical Group, and others. 

Key Developments: 

• • In 2020, H.B.Fuller Company launched Rakoll 5010, a low monomer emission reactive hot melt adhesive at Ligna 2019 in Hannover, Germany, one of the world’s leading trade fairs for woodworking business.

Segments covered in the Report:

The global Reactive Hot Melt Adhesives market has been segmented on the basis of product, application, and key regions. Based on the product, the market is segmented into Ethylene Vinyl Acetate (EVA), Styrenic Block Copolymer (SBC), amorphous poly-alpha-olefin (AMOP), Metallocene Polyolefins (MPO), Polyurethane (PU), Polyamide (PA), and Polyester). Based on the application, the market is segmented into pressure sensitive products, packaging, disposables, book binding, furniture, footwear, textile, automobiles, electronics, and others. 

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Key questions answered in this research report:

• • At what pace is global Reactive Hot Melt Adhesivess market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Reactive Hot Melt Adhesives Market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Reactive Hot Melt Adhesives Market?
  • Which product generated maximum revenues in 2021 and identify the most promising product during the forecast period?
  • What are the various applications of global Reactive Hot Melt Adhesives Market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Reactive Hot Melt Adhesives Market by Product

• • Ethylene Vinyl Acetate (EVA)
  • Styrenic Block Copolymer (SBC)
  • Amorphous poly-alpha-olefin (AMOP)
  • Metallocene Polyolefins (MPO)
  • Polyurethane (PU)
  • Polyamide (PA)
  • Polyester

Global Reactive Hot Melt Adhesives Market by Application

• • Pressure Sensitive Products
  • Packaging
  • Disposables
  • Book Binding
  • Furniture
  • Footwear
  • Textile
  • Automobiles
  • Electronics
  • Others

Global Reactive Hot Melt Adhesives Market by Region

• • North America Reactive Hot Melt Adhesives Market (Option 1: As a part of the free 25% customization)
    • By Product
    • By Application
    • US Market All-Up
    • Canada Market All-Up
  • Europe Reactive Hot Melt Adhesives Market (Option 2: As a part of the free 25% customization)
    • By Product
    • By Application
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Reactive Hot Melt Adhesives Market (Option 3: As a part of the free 25% customization)
    • By Product
    • By Application
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Reactive Hot Melt Adhesives Market (Option 4: As a part of the free 25% customization)
    • By Product
    • By Application
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Reactive Hot Melt Adhesives Market (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • B. Fuller Company
  • Henkel AG & Co. KGaA
  • 3M Company
  • Jowat SE
  • Avery Dennison Corporation
  • Dow Inc.
  • ZheJiang Good Machinery Co., Ltd.
  • Tex Year Industries Inc.
  • Guangdong Huate Gas Co., Ltd.
  • Nanpao Resins Chemical Group