Europe Hot Melt Adhesives Market Forecast to 2030

At 5.2% CAGR, Europe Hot Melt Adhesives Market is Speculated to be Worth US$ 2,482.63 Million by 2030, says the Research Team

According to the Research Team’ research, the Europe hot melt adhesives market was valued at US$ 1,655.42 million in 2022 and is expected to reach US$ 2,482.63 million by 2030, registering a CAGR of 5.2% from 2022 to 2030. Growing applications in several end-use industries and changing trend from solvent adhesive to hot melt adhesive are among the critical factors attributed to drive the Europe hot melt adhesive market growth.

Hot melt adhesives offer superior properties such as versatility, resistance to water & moisture, and low cost, making these adhesives the ideal choice for many applications. Hot melt adhesives are used when the glued products can be in contact with water or moisture, including boxes for shipping food. Utilizing traditional glues in such cases can take several minutes, and further, they can cause a worker to hold on to the items to keep the two surfaces together until the glue dries. With hot melt adhesives, the drying time has been cut down to seconds, leaving the person free to continue with the next task. Hot melt adhesives are nowadays preferred among various end-use industries to solvent adhesives, owing to advantages such as eco-friendliness, high productivity induced by process automation, and re-adhesion possibility. Hot melt adhesives do not need any drying or curing like solvent-based adhesives. Hot melt adhesives can further apply in the molten state itself, so that it can be bonded immediately post-application. This further provides hot melt adhesives a significant advantage of faster processing time when applied to food packaging, consumer goods packaging, furniture, crafting, and others. Volatile organic compounds can be reduced or eliminated, and the drying or curing step can be eliminated while using hot melt adhesives. Hot melt adhesives can also be disposed of by taking special precautions, and they have a long shelf life as compared to typical adhesives. Due to all these benefits, industries are adopting hot melt adhesives over solvent-based adhesives. Hot melt adhesives can also dissolve the polymer using water, owing to which most of the sectors are adopting these adhesives over solvent adhesives. Moreover, manufacturers are offering innovative products to cater to this demand. In September 2020, SABA announced the launch of a new hot melt adhesive in the market – Sabamelt 4732, which was meant to produce pocket coil units. The company could see an increased demand for environment-friendly, solvent-free foam bonding solutions. Expansion of the company’s product portfolio with new, high-quality hot melt adhesives brought more value to bedding, as well as furniture manufacturers. SABA’s pocket coil hot melt is the first addition, and the company is planning to bring more such products to the market.

On the contrary, low thermal resistance hampers the growth of Europe hot melt adhesives market.

Based on product type, the Europe hot melt adhesives market is segmented into glue sticks, glue slugs, and others. The glue sticks segment held 64.8% market share in 2022, amassing US$ 1,072.67 million. It is projected to garner US$ 1,621.78 million by 2030 to register 5.3% CAGR during 2022-2030.

In terms of type, the Europe hot melt adhesives market is segmented into ethylene vinyl acetate, polyolefins, polyamides, polyurethanes, styrene block copolymers, and other. The ethylene vinyl acetate segment held 43.4% share of Europe hot melt adhesives market in 2022, amassing US$ 718.32 million. It is anticipated to garner US$ 1,109.11 million by 2030 to expand at 5.6% CAGR during 2022-2030.

By application, the Europe hot melt adhesives market is divided into packaging, construction, automotive, furniture, footwear, electronics, and others. The packaging segment held 30.6% share of Europe hot melt adhesives market in 2022, amassing US$ 506.43 million. It is projected to garner US$ 773.26 million by 2030 to expand at 5.4% CAGR from 2022 to 2030.

Based on country, the Europe hot melt adhesives market is categorized into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Our regional analysis states that the Rest of Europe captured 33.2% share of Europe hot melt adhesives market in 2022. It was assessed at US$ 549.36 million in 2022 and is likely to hit US$ 806.91 million by 2030, registering a CAGR of 4.5% during 2022-2030.

Key players operating in the Europe hot melt adhesives market are H.B. Fuller Company; Henkel AG & COMPANY, KGAA; Arkema; 3M; Sika AG; Jowat SE; Hexcel Corporation; The Dow Chemical Company; Beardow Adams; Gorilla Glue Company; and Adhesive Technologies, Inc. among others.

In December-2020, H.B. Fuller Company launched new products, Advantra 9280 EU and Advantra BOLD 9480, readily available adhesive grades with hot melt advanced technology for extreme cold storage of vaccines and medication packaging.

In November-2020, H.B. Fuller launched an innovative hot melt adhesive, Full-Care 5885, to meet the industry’s growing demand for natural-based hygiene articles. The product provides a robust solution for customers looking for more natural-based products.

In May-2021, Henkel AG & Co. KGaA launched the industry’s first bio-based polyurethane reactive (PUR) hot melt adhesive. The product LOCTITE HHD 3544F is designed for consumer electronics assembly.

In February-2021, Henkel AG & Co. KGaA launched sustainable packaging hot melt adhesives in a successful partnership with Dow. This new Technomelt Supra ECO range of products has been developed to enable customers to reach their sustainability goals.

In January-2020, Bostik launched Thermogrip 2356, a new product line for label adhesive, which is specially designed to enhance production line efficiencies and enable sustainable packaging for quick-service restaurant applications. The product is formulated with hot melt pressure-sensitive adhesive technology.

In September-2018, Bostik, an Arkema company, launched the hot melt adhesive Kizen HEAT for case and carton sealing applications.

In August-2019, Jowat SE launched a new Jowatherm GROW product range. These products are bio-based hot melts for environmentally friendly packages.

o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Europe hot melt adhesives market.
o Highlights key business priorities to assist companies to realign their business strategies
o The key findings and recommendations highlight crucial progressive industry trends in the Europe hot melt adhesives market, thereby allowing players across the value chain to develop effective long-term strategies
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
o Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the Europe hot melt adhesives market, as well as those hindering it
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.

TABLE OF CONTENTS

1. Introduction
1.1 The the Reporting Teams Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Hot Melt Adhesives Market Landscape
4.1 Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Intensity of Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
4.3.1 Raw Material Suppliers
4.3.2 Manufacturers
4.3.3 Distributors/Suppliers
4.3.4 End Use
4.4 List of Vendors in the Value Chain:
5. Europe Hot Melt Adhesives Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Applications in Several End-Use Industries
5.1.2 Changing Trend from Solvent Adhesive to Hot Melt Adhesive
5.2 Market Restraints
5.2.1 Low Thermal Resistance
5.3 Market Opportunities
5.3.1 Rising Utilization of Hot Melt Adhesives in Road Marking
5.4 Future Trends
5.4.1 Adoption of Bio-Based Hot-Melt Adhesives
5.5 Impact Analysis
6. Hot Melt Adhesives Market – Europe Market Analysis
6.1 Hot Melt Adhesives Market Revenue (US$ Million)
6.2 Hot Melt Adhesives Market Forecast and Analysis
7. Europe Hot Melt Adhesives Market Analysis – By Product Type
7.1 Glue Sticks
7.1.1 Overview
7.1.2 Glue Sticks Market Revenue and Forecast to 2030 (US$ Million)
7.2 Glue Slugs
7.2.1 Overview
7.2.2 Glue Slugs Market Revenue and Forecast to 2030 (US$ Million)
7.3 Others
7.3.1 Overview
7.3.2 Others Market Revenue and Forecast to 2030 (US$ Million)
8. Europe Hot Melt Adhesives Market Analysis – By Type
8.1 Ethylene Vinyl Acetate
8.1.1 Overview
8.1.2 Ethylene Vinyl Acetate Market Revenue and Forecast to 2030 (US$ Million)
8.2 Polyolefins
8.2.1 Overview
8.2.2 Polyolefins Market Revenue and Forecast to 2030 (US$ Million)
8.3 Polyamides
8.3.1 Overview
8.3.2 Polyamides Market Revenue and Forecast to 2030 (US$ Million)
8.4 Polyurethanes
8.4.1 Overview
8.4.2 Polyurethanes Market Revenue and Forecast to 2030 (US$ Million)
8.5 Styrene Block Copolymers
8.5.1 Overview
8.5.2 Styrene Block Copolymers Market Revenue and Forecast to 2030 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others Market Revenue and Forecast to 2030 (US$ Million)
9. Europe Hot Melt Adhesives Market Analysis – By Application
9.1 Packaging
9.1.1 Overview
9.1.2 Packaging Market Revenue and Forecast to 2030 (US$ Million)
9.2 Construction
9.2.1 Overview
9.2.2 Construction Market Revenue and Forecast to 2030 (US$ Million)
9.3 Automotive
9.3.1 Overview
9.3.2 Automotive Market Revenue and Forecast to 2030 (US$ Million)
9.4 Furniture
9.4.1 Overview
9.4.2 Furniture Market Revenue and Forecast to 2030 (US$ Million)
9.5 Footwear
9.5.1 Overview
9.5.2 Footwear Market Revenue and Forecast to 2030 (US$ Million)
9.6 Electronics
9.6.1 Overview
9.6.2 Electronics Market Revenue and Forecast to 2030 (US$ Million)
9.7 Others
9.7.1 Overview
9.7.2 Others Market Revenue and Forecast to 2030 (US$ Million)
10. Europe Hot Melt Adhesives Market – Country Analysis
10.1 Europe Market Overview
10.1.1 Europe Hot Melt Adhesives Market, By Key Country – Revenue 2022 (US$ Million)
10.1.2 Europe Hot Melt Adhesives Market Revenue and Forecasts and Analysis – By Countries
10.1.2.1 Europe Hot Melt Adhesives Market Breakdown by Country
10.1.2.2 Germany Hot Melt Adhesives Market Revenue and Forecasts to 2030 (US$ Million)
10.1.2.2.1 Germany Hot Melt Adhesives Market Breakdown by Product Type
10.1.2.2.2 Germany Hot Melt Adhesives Market Breakdown by Type
10.1.2.2.3 Germany Hot Melt Adhesives Market Breakdown by Application
10.1.2.3 France Hot Melt Adhesives Market Revenue and Forecasts to 2030 (US$ Million)
10.1.2.3.1 France Hot Melt Adhesives Market Breakdown by Product Type
10.1.2.3.2 France Hot Melt Adhesives Market Breakdown by Type
10.1.2.3.3 France Hot Melt Adhesives Market Breakdown by Application
10.1.2.4 Italy Hot Melt Adhesives Market Revenue and Forecasts to 2030 (US$ Million)
10.1.2.4.1 Italy Hot Melt Adhesives Market Breakdown by Product Type
10.1.2.4.2 Italy Hot Melt Adhesives Market Breakdown by Type
10.1.2.4.3 Italy Hot Melt Adhesives Market Breakdown by Application
10.1.2.5 UK Hot Melt Adhesives Market Revenue and Forecasts to 2030 (US$ Million)
10.1.2.5.1 UK Hot Melt Adhesives Market Breakdown by Product Type
10.1.2.5.2 UK Hot Melt Adhesives Market Breakdown by Type
10.1.2.5.3 UK Hot Melt Adhesives Market Breakdown by Application
10.1.2.6 Russia Hot Melt Adhesives Market Revenue and Forecasts to 2030 (US$ Million)
10.1.2.6.1 Russia Hot Melt Adhesives Market Breakdown by Product Type
10.1.2.6.2 Russia Hot Melt Adhesives Market Breakdown by Type
10.1.2.6.3 Russia Hot Melt Adhesives Market Breakdown by Application
10.1.2.7 Rest of Europe Hot Melt Adhesives Market Revenue and Forecasts to 2030 (US$ Million)
10.1.2.7.1 Rest of Europe Hot Melt Adhesives Market Breakdown by Product Type
10.1.2.7.2 Rest of Europe Hot Melt Adhesives Market Breakdown by Type
10.1.2.7.3 Rest of Europe Hot Melt Adhesives Market Breakdown by Application
11. Industry Landscape
11.1 Overview
11.2 Mergers & acquisition
11.3 Product Launch
11.4 Collaboration
12. Company Profiles
12.1 H.B. Fuller Company
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Henkel AG & COMPANY, KGAA
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Arkema
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 3M
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Sika AG
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Jowat SE
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Hexcel Corporation
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 The Dow Chemical Company
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Beardow Adams
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Adhesive Technologies, Inc.
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
12.11 Gorilla Glue Company
12.11.1 Key Facts
12.11.2 Business Description
12.11.3 Products and Services
12.11.4 Financial Overview
12.11.5 SWOT Analysis
12.11.6 Key Developments
13. Appendix
13.1 About The the Reporting Teams
13.2 Glossary

LIST OF TABLES

Table 1. Hot Melt Adhesives Market Segmentation
Table 2. Hot Melt Adhesives Market Revenue and Forecasts to 2030 (US$ Million)
Table 3. Hot Melt Adhesives Market Revenue and Forecasts to 2030 (US$ Million) – Product Type
Table 4. Hot Melt Adhesives Market Revenue and Forecasts to 2030 (US$ Million) – Type
Table 5. Hot Melt Adhesives Market Revenue and Forecasts to 2030 (US$ Million) – Application
Table 6. Germany Hot Melt Adhesives Market Revenue and Forecasts to 2030 (US$ Million) – By Product Type
Table 7. Germany Hot Melt Adhesives Market Revenue and Forecasts to 2030 (US$ Million) – By Type
Table 8. Germany Hot Melt Adhesives Market Revenue and Forecasts to 2030 (US$ Million) – By Application
Table 9. France Hot Melt Adhesives Market Revenue and Forecasts to 2030 (US$ Million) – By Product Type
Table 10. France Hot Melt Adhesives Market Revenue and Forecasts to 2030 (US$ Million) – By Type
Table 11. France Hot Melt Adhesives Market Revenue and Forecasts to 2030 (US$ Million) – By Application
Table 12. Italy Hot Melt Adhesives Market Revenue and Forecasts to 2030 (US$ Million) – By Product Type
Table 13. Italy Hot Melt Adhesives Market Revenue and Forecasts to 2030 (US$ Million) – By Type
Table 14. Italy Hot Melt Adhesives Market Revenue and Forecasts to 2030 (US$ Million) – By Application
Table 15. UK Hot Melt Adhesives Market Revenue and Forecasts to 2030 (US$ Million) – By Product Type
Table 16. UK Hot Melt Adhesives Market Revenue and Forecasts to 2030 (US$ Million) – By Type
Table 17. UK Hot Melt Adhesives Market Revenue and Forecasts to 2030 (US$ Million) – By Application
Table 18. Russia Hot Melt Adhesives Market Revenue and Forecasts to 2030 (US$ Million) – By Product Type
Table 19. Russia Hot Melt Adhesives Market Revenue and Forecasts to 2030 (US$ Million) – By Type
Table 20. Russia Hot Melt Adhesives Market Revenue and Forecasts to 2030 (US$ Million) – By Application
Table 21. Rest of Europe Hot Melt Adhesives Market Revenue and Forecasts to 2030 (US$ Million) – By Product Type
Table 22. Rest of Europe Hot Melt Adhesives Market Revenue and Forecasts to 2030 (US$ Million) – By Type
Table 23. Rest of Europe Hot Melt Adhesives Market Revenue and Forecasts to 2030 (US$ Million) – By Application
Table 24. Glossary of Terms, Hot Melt Adhesives Market

LIST OF FIGURES

Figure 1. Hot Melt Adhesives Market Segmentation, By Country
Figure 2. Hot Melt Adhesives Market – Porter’s Analysis
Figure 3. Ecosystem: Hot Melt Adhesives Market
Figure 4. Market Dynamics: Hot Melt Adhesives Market
Figure 5. Hot Melt Adhesives Market Impact Analysis of Drivers and Restraints
Figure 6. Hot Melt Adhesives Market Revenue (US$ Million), 2020 – 2030
Figure 7. Hot Melt Adhesives Market Share (%) – Product Type, 2022 and 2030
Figure 8. Glue Sticks Market Revenue and Forecasts to 2030 (US$ Million)
Figure 9. Glue Slugs Market Revenue and Forecasts to 2030 (US$ Million)
Figure 10. Others Market Revenue and Forecasts to 2030 (US$ Million)
Figure 11. Hot Melt Adhesives Market Share (%) -Type, 2022 and 2030
Figure 12. Ethylene Vinyl Acetate Market Revenue and Forecasts to 2030 (US$ Million)
Figure 13. Polyolefins Market Revenue and Forecasts to 2030 (US$ Million)
Figure 14. Polyamides Market Revenue and Forecasts to 2030 (US$ Million)
Figure 15. Polyurethanes Market Revenue and Forecasts to 2030 (US$ Million)
Figure 16. Styrene Block Copolymers Market Revenue and Forecasts to 2030 (US$ Million)
Figure 17. Others Market Revenue and Forecasts to 2030 (US$ Million)
Figure 18. Hot Melt Adhesives Market Share (%) -Application, 2022 and 2030
Figure 19. Packaging Market Revenue and Forecasts to 2030 (US$ Million)
Figure 20. Construction Market Revenue and Forecasts to 2030 (US$ Million)
Figure 21. Automotive Market Revenue and Forecasts to 2030 (US$ Million)
Figure 22. Furniture Market Revenue and Forecasts to 2030 (US$ Million)
Figure 23. Footwear Market Revenue and Forecasts to 2030 (US$ Million)
Figure 24. Electronics Market Revenue and Forecasts to 2030 (US$ Million)
Figure 25. Others Market Revenue and Forecasts to 2030 (US$ Million)
Figure 26. Europe Hot Melt Adhesives Market, By Key Country – Revenue 2022 (US$ Million)
Figure 27. Europe Hot Melt Adhesives Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 28. Germany Hot Melt Adhesives Market Revenue and Forecasts to 2030 (US$ Million)
Figure 29. France Hot Melt Adhesives Market Revenue and Forecasts to 2030 (US$ Million)
Figure 30. Italy Hot Melt Adhesives Market Revenue and Forecasts to 2030 (US$ Million)
Figure 31. UK Hot Melt Adhesives Market Revenue and Forecasts to 2030 (US$ Million)
Figure 32. Russia Hot Melt Adhesives Market Revenue and Forecasts to 2030 (US$ Million)
Figure 33. Rest of Europe Hot Melt Adhesives Market Revenue and Forecasts to 2030 (US$ Million)