Hot Melt Adhesives Market Share

APAC Market Statistics

The hot melt adhesives market in Asia Pacific is projected to be the largest with a share of about 33% by the end of 2037. The rising production of footwear is driving market growth. Hot melt adhesives play a significant role in the footwear industry. It is used for attaching the soles and insoles, for bonding the lining materials, and for attaching decorating material on the footwear. China is the world's largest footwear-producing country, accounting for more than half of global shoe production. Moreover, Wenzhou, China, now has over 4,000 shoe firms and produces over 1 billion shoes every year.

North American Industry Analysis

The North American hot melt adhesives market is estimated to be the second largest, registering a share of about 28% by the end of 2037. The growing popularity of online shopping and expanding e-commerce platforms will increase the demand for hot melt adhesives. There were around 268 million digital buyers in the United States in 2022, and this number is expected to rise to 285 million by 2025. There are various uses of the adhesives in the e-commerce industry, such as for sealing boxes, attaching labels, product assembly, and others.