Hot Melt Adhesives Market Trends

Growth Drivers

• Growing Popularity of DIY– Hot melt adhesives are primarily bonding material in DIY crafts. Many people have indulged in DIY crafts during a pandemic and even people are searching for new ideas on social media. In general, diycrafts hashtag has been the most popular hashtag for 2020, with a continual year-over-year rise each month this year.
• Expanding Food Packaging Industry– Hot melt adhesives are used in all types of food packaging, including cartons, sachet & pouches, tetra packs, and frozen foods. Moreover, in frozen food specific hot adhesive is used that offer remain sealed even in freezing temperature. It prevents moisture entry and enacts the quality of frozen food.
• Growing Demand for Bio-Based Hot Melt Adhesives– Bio based adhesives are increasingly being used in the automobile industry, for various components, including door panels, dashboard, carpeting, and others. Considering an incredible 48% increase in the EV industry anticipated by 2030, the world may expect growing interest in bio-sourced adhesives.

Challenges

• Weak Mechanical Properties – The bonding strength of hot melt adhesives is limited and they do not work well in high temperatures, therefore they are unsuitable for various applications. These adhesives are made for specific temperatures, therefore when they are exposed to extremely hot temperatures, the bond strength breaks and reduces the mechanical properties.
• Availability of other adhesives
• The complexity in the substrate compatibility