Hot Melt Adhesives Market Analysis

Hot Melt Adhesives Segmentation

Product (Ethylene-Vinyl Acetate, Rubber)

The ethylene-vinyl acetate segment is estimated to hold 60% share of the global hot melt adhesives market by 2037. There are various applications of ethylene-vinyl acetate, including woodwork, paper, and the automobile sector. The growing demand for recycled packaging especially paper packaging significantly contributes to the segment growth, as ethylene vinyl acetate adhesive is primarily used in proving strength and rigidity to paper packaging. Paper packaging is the largest sector in the recycled materials market, accounting for approximately 65% of all recycled packaging.

Application (Bookbinding, Packaging Solutions, Furniture & Woodwork, Nonwoven Hygiene Products)

Hot melt adhesives market from the packaging solutions segment is expected to garner a significant share of around 46% in the year 2037. Hot melt adhesives are used in packaging processes to seal cases, boxes, containers, and cartons. They provide rapid and dependable bonding, ensuring packaging safety throughout handling and transportation. Furthermore, the increased use of flexible packaging, such as pouches, bags, and wraps, will drive up demand for these adhesives.

Our in-depth analysis of the market includes the following segments: