South & Central America Hot Melt Adhesives Market Forecast to 2030

At 4.4% CAGR, South & Central America Hot Melt Adhesives Market is Speculated to be Worth US$ 251.04 Million by 2030, says the Research Team

According to the Research Team’ research, the South & Central America hot melt adhesives market was valued at US$ 177.52 million in 2022 and is expected to reach US$ 251.04 million by 2030, registering a CAGR of 4.4% from 2022 to 2030. Rising utilization of hot melt adhesives in road marking and changing trend from solvent adhesive to hot melt adhesive are among the critical factors attributed to drive the South & Central America hot melt adhesive market growth.

The use of hot melt adhesives in construction possesses certain advantages over other typical adhesives like solvent-based adhesives. These benefits are the ability to bind different substrates together and a high flexibility. Hot melt adhesives used for road marking are a proprietary & innovative technology and an application process that creates a retro-reflective marking effect on bitumen base roads or concrete surfaces to offer safe night driving. The utilization of polybutene in hot melt adhesives benefits thermoplastic road marking paints since it dries fast with strong adhesion to the road surface. Polybutene further offers good UV and thermal resistance, which helps to reduce the brittle point and modify the softening point, along with an increase in the total hardness of the finishing road mark. A hot melt kettle heats up the road, marking material up to 200°C, and it is then sprayed over the road surface. After it cools down, the paint becomes wear-resistant, quite reflective, and bright. For easy identification of road markings, even in the dark, reflective glass beads are further added since they improve brightness along with durability. Many companies are contributing to hot melt road marking product manufacturing with their novel products. However, as compared to other applications of hot melt adhesives, the road marking application segment will offer growth opportunities for the market players. After the COVID-19 pandemic, it is presumed that construction activities are going to rise again in various economies, and the projects that were postponed will be resumed, which will further influence the market growth for hot melt adhesives.

Further, JiangSu Faer Wax Industry Co., Ltd is offering hot melt marking paint, which is a type of road marking material created by utilizing thermoplastic petroleum resin as the binder, high-quality fillers, and additives as auxiliary. This road marking material has the advantages of quick-drying, smooth construction, good reflection capacity, and long service lifespan, among others. KEMAT Polybutenes company is also offering hot melt road marking paints. KEMAT polybutenes offer an excellent pour-point, which enhances the road marking paint flow even in winter. KEMAT delivers the largest range of viscosities, combining the Polybut along with Polybol Polybutenes with a very narrow MW distribution for the road marking paints. Thermoplastic road marking materials are utilized in several places, such as car parking and roads. The common colors available for road marks are white and yellow. Yellow pigments consist of yellow lead, while white pigments are mostly zinc oxide, titanium dioxide, and lithopone.

On the contrary, low thermal resistance hampers the growth of South & Central America hot melt adhesives market.

Based on product type, the South & Central America hot melt adhesives market is segmented into glue sticks, glue slugs, and others. The glue sticks segment held 65.9% market share in 2022, amassing US$ 116.92 million. It is projected to garner US$ 167.00 million by 2030 to register 4.6% CAGR during 2022–2030.

In terms of type, the South & Central America hot melt adhesives market is segmented into ethylene vinyl acetate, polyolefins, polyamides, polyurethanes, styrene block copolymers, and other. The ethylene vinyl acetate segment held 42.6% share of South & Central America hot melt adhesives market in 2022, amassing US$ 75.58 million. It is anticipated to garner US$ 109.73 million by 2030 to expand at 4.8% CAGR during 2022–2030.

By application, the South & Central America hot melt adhesives market is divided into packaging, construction, automotive, furniture, footwear, electronics, and others. The packaging segment held 29.9% share of South & Central America hot melt adhesives market in 2022, amassing US$ 53.07 million. It is projected to garner US$ 77.03 million by 2030 to expand at 4.8% CAGR from 2022 to 2030.

Based on country, the South & Central America hot melt adhesives market is categorized into Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states that the Rest of South & Central America captured 52.0% share of South & Central America hot melt adhesives market in 2022. It was assessed at US$ 92.34 million in 2022 and is likely to hit US$ 128.74 million by 2030, registering a CAGR of 4.2% during 2022–2030.

Key players operating in the South & Central America 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 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 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 South & Central America 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 South & Central America 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 South & Central America market trends and outlook coupled with the factors driving the South & Central America 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. South & Central America 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 – South & Central America Market Analysis
6.1 Hot Melt Adhesives Market Revenue (US$ Million)
6.2 Hot Melt Adhesives Market Forecast and Analysis
7. South & Central America 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. South & Central America 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. South & Central America 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. South & Central America Hot Melt Adhesives Market – Country Analysis
10.1 South & Central America Market Overview
10.1.1 South & Central America Hot Melt Adhesives Market, By Key Country – Revenue 2022 (US$ Million)
10.1.2 South & Central America Hot Melt Adhesives Market Revenue and Forecasts and Analysis – By Countries
10.1.2.1 South & Central America Hot Melt Adhesives Market Breakdown by Country
10.1.2.2 Brazil Hot Melt Adhesives Market Revenue and Forecasts to 2030 (US$ Million)
10.1.2.2.1 Brazil Hot Melt Adhesives Market Breakdown by Product Type
10.1.2.2.2 Brazil Hot Melt Adhesives Market Breakdown by Type
10.1.2.2.3 Brazil Hot Melt Adhesives Market Breakdown by Application
10.1.2.3 Argentina Hot Melt Adhesives Market Revenue and Forecasts to 2030 (US$ Million)
10.1.2.3.1 Argentina Hot Melt Adhesives Market Breakdown by Product Type
10.1.2.3.2 Argentina Hot Melt Adhesives Market Breakdown by Type
10.1.2.3.3 Argentina Hot Melt Adhesives Market Breakdown by Application
10.1.2.4 Rest of South & Central America Hot Melt Adhesives Market Revenue and Forecasts to 2030 (US$ Million)
10.1.2.4.1 Rest of South & Central America Hot Melt Adhesives Market Breakdown by Product Type
10.1.2.4.2 Rest of South & Central America Hot Melt Adhesives Market Breakdown by Type
10.1.2.4.3 Rest of South & Central America 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. Brazil Hot Melt Adhesives Market Revenue and Forecasts to 2030 (US$ Million) – By Product Type
Table 7. Brazil Hot Melt Adhesives Market Revenue and Forecasts to 2030 (US$ Million) – By Type
Table 8. Brazil Hot Melt Adhesives Market Revenue and Forecasts to 2030 (US$ Million) – By Application
Table 9. Argentina Hot Melt Adhesives Market Revenue and Forecasts to 2030 (US$ Million) – By Product Type
Table 10. Argentina Hot Melt Adhesives Market Revenue and Forecasts to 2030 (US$ Million) – By Type
Table 11. Argentina Hot Melt Adhesives Market Revenue and Forecasts to 2030 (US$ Million) – By Application
Table 12. Rest of South & Central America Hot Melt Adhesives Market Revenue and Forecasts to 2030 (US$ Million) – By Product Type
Table 13. Rest of South & Central America Hot Melt Adhesives Market Revenue and Forecasts to 2030 (US$ Million) – By Type
Table 14. Rest of South & Central America Hot Melt Adhesives Market Revenue and Forecasts to 2030 (US$ Million) – By Application
Table 15. 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. South & Central America Hot Melt Adhesives Market, By Key Country – Revenue 2022 (US$ Million)
Figure 27. South & Central America Hot Melt Adhesives Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 28. Brazil Hot Melt Adhesives Market Revenue and Forecasts to 2030 (US$ Million)
Figure 29. Argentina Hot Melt Adhesives Market Revenue and Forecasts to 2030 (US$ Million)
Figure 30. Rest of South & Central America Hot Melt Adhesives Market Revenue and Forecasts to 2030 (US$ Million)