In this blog post, we will delve into the world of Hot Melt Adhesives industry statistics. Hot melt adhesives have become increasingly popular in various sectors due to their versatile and efficient bonding properties. By exploring the latest statistics and trends in the hot melt adhesives industry, we can gain valuable insights into the market landscape, growth opportunities, and future outlook of this dynamic sector. Let’s unravel the numbers and statistics behind the hot melt adhesives industry together.
The Latest Hot Melt Adhesives Industry Statistics Explained
The global hot melt adhesives market was valued at $6.60 billion in 2019,
The statistic indicates that the total market size for hot melt adhesives worldwide was $6.60 billion in the year 2019. This means that companies and consumers around the globe spent a combined total of $6.60 billion on hot melt adhesives during that year. The market value reflects the economic importance and demand for hot melt adhesives in various industries such as packaging, construction, automotive, and electronics. Understanding the market size helps businesses, investors, and policymakers gauge the scale of the industry and make informed decisions regarding investment, production, and innovation within the hot melt adhesives sector.
The packaging industry held the largest share in the hot melt adhesives market in 2019,
This statistic indicates that in the year 2019, the packaging industry dominated the hot melt adhesives market in terms of market share. This suggests that the packaging industry was the primary consumer and user of hot melt adhesives during that period, highlighting the significance of hot melt adhesives in packaging applications. The strong presence of the packaging industry in the hot melt adhesives market suggests that these adhesives are crucial for packaging materials and assembly processes within the industry. This information provides valuable insight into the specific sector driving demand for hot melt adhesives and underscores the importance of the packaging industry in the adhesives market landscape.
In 2017, Europe generated the second highest revenue in the hot melt adhesives market,
The statement indicates that in 2017, Europe experienced the second highest revenue generation within the hot melt adhesives market globally. This means that European countries collectively had a substantial market share in terms of revenue within the hot melt adhesives industry, ranking only behind the region or country that generated the highest revenue during that period. The statistic suggests that the hot melt adhesives market was relatively strong and competitive in Europe in 2017, showcasing significant demand and consumption of these adhesives in various industries such as packaging, construction, automotive, and healthcare within the European market.
The nonwoven/hygiene application segment is anticipated to grow at a CAGR of 4.9% during 2020-2027,
This statistic indicates that the nonwoven/hygiene application segment is expected to experience a Compound Annual Growth Rate (CAGR) of 4.9% during the period from 2020 to 2027. A CAGR of 4.9% implies that the segment’s market size is projected to increase at an average annual rate of 4.9% over the specified timeframe. This growth rate suggests a positive outlook for the nonwoven/hygiene industry, indicating increasing demand and market opportunities within this segment. Factors such as technological advancements, changing consumer preferences, and expanding market reach may be contributing to this anticipated growth.
North America accounted for 36% of the total demand in the hot melt adhesives market in 2019,
The statistic ‘North America accounted for 36% of the total demand in the hot melt adhesives market in 2019’ indicates that North America represented a significant portion of the overall demand for hot melt adhesives during that year. This implies that the region was a key consumer of hot melt adhesives, which are commonly used in various industries such as packaging, automotive, construction, and healthcare. The high demand in North America suggests a strong market presence and potential growth opportunities for hot melt adhesive manufacturers and suppliers in the region. Additionally, it signals the importance of understanding and catering to the specific needs and trends driving demand for hot melt adhesives in North America to capitalize on business opportunities in the market.
The furniture industry is forecast to see a compound annual growth rate (CAGR) of 5.4% in the hot melt adhesives market from 2019 to 2026,
The statistic stating that the furniture industry is forecast to experience a compound annual growth rate (CAGR) of 5.4% in the hot melt adhesives market from 2019 to 2026 indicates the projected yearly growth rate of the market segment over the specified period. A CAGR of 5.4% suggests that the market for hot melt adhesives used in furniture manufacturing is expected to expand steadily at this rate each year. This forecast implies that there is growing demand for hot melt adhesives within the furniture industry, likely driven by factors such as technological advancements, changing consumer preferences, and overall industry growth. This statistic is valuable for stakeholders in the furniture industry, such as manufacturers and suppliers, as it provides insight into future market trends and opportunities for strategic planning and decision-making.
The demand for hot melt adhesives in the textiles industry was around 113.8 kilo tons in 2016,
The statistic that the demand for hot melt adhesives in the textiles industry was around 113.8 kilo tons in 2016 indicates the quantity of hot melt adhesives that were utilized within the textiles sector during that specific year. The figure suggests a substantial need for these adhesives within the industry, likely driven by factors such as their effectiveness, efficiency, and versatility in bonding textiles together. Furthermore, this statistic could also serve as a valuable insight for businesses and manufacturers operating within the textiles industry, highlighting the significance of hot melt adhesives as a crucial component in the production process.
By 2025, the global hot melt adhesives market is estimated to tread beyond 1.72 million tons in volume,
The statistic suggests that the global market for hot melt adhesives is projected to surpass a volume of 1.72 million tons by the year 2025. This indicates a significant expected growth in demand for hot melt adhesives across various industries such as packaging, construction, automotive, and electronics. The rise in volume reflects a trend towards the adoption of hot melt adhesives due to their efficiency, fast curing time, and environmentally friendly properties compared to traditional adhesives. This projection may be influenced by factors such as increasing industrialization, infrastructural developments, and technological advancements driving the demand for hot melt adhesives in the foreseeable future.
The global hot melt adhesives market is highly fragmented, with the key players accounting for slightly over 55% of the total market in 2017,
This statistic suggests that the global hot melt adhesives market is characterized by a large number of companies operating within the industry, with no single company dominating the market. Instead, the market is distributed among various key players, with the top companies collectively holding slightly over 55% of the total market share in 2017. This high level of fragmentation indicates that competition within the hot melt adhesives market is intense, with many players vying for market share. As a result, companies in this industry may need to innovate and differentiate their products and strategies to stay competitive in the market.
The usage of hot melt adhesives in the paper, board & packaging industry constitutes about 30% of the total hot melt adhesives market,
This statistic indicates that within the hot melt adhesives market, approximately 30% of the total usage is attributed to the paper, board, and packaging industry. Hot melt adhesives are widely utilized in various industries for bonding purposes due to their fast-setting and high-strength properties. The significant presence of hot melt adhesives in the paper, board, and packaging sector points towards its importance in facilitating the production and packaging processes within this industry. This statistic highlights the substantial share that the paper, board, and packaging industry holds within the overall market for hot melt adhesives, indicating a key application area for this type of adhesive product.
The usage of hot melt adhesives in the construction industry was valued at over 40 million USD in 2019,
This statistic indicates that the value attributed to the consumption of hot melt adhesives within the construction sector exceeded 40 million USD in the year 2019. This suggests that there is a significant demand for hot melt adhesives within the construction industry, likely driven by their effectiveness and versatility in various construction applications such as bonding materials together. The high valuation indicates that hot melt adhesives play a crucial role in construction projects, offering a reliable and efficient solution for adhering different materials. This statistic not only reflects the substantial financial investment in hot melt adhesives by the construction industry but also underscores the importance of these adhesives in ensuring the successful completion of construction projects.
The disposable hygiene product industry is projected to expand at a CAGR of 6.85% in the hot melt adhesives market from 2020 to 2027,
This statistic indicates that the disposable hygiene product industry is expected to experience consistent growth over the period from 2020 to 2027, with a compound annual growth rate (CAGR) of 6.85% in the segment related to hot melt adhesives. A CAGR of 6.85% implies that the industry’s market size for hot melt adhesives is forecasted to increase by an average of 6.85% each year during this timeframe. This projection suggests that there is a growing demand for disposable hygiene products incorporating hot melt adhesives, likely driven by factors such as increased awareness of hygiene, changing consumer preferences, and technological advancements in adhesive materials. The industry participants and stakeholders may use this statistic to make informed decisions regarding investments, production planning, and market strategies to capitalize on this growth trend.
The automotive industry held a market share of over 9.5% in the hot melt adhesives market in 2018,
This statistic indicates that the automotive industry was a significant player in the hot melt adhesives market in 2018, holding a market share of more than 9.5%. This suggests that the automotive industry was one of the major consumers or suppliers of hot melt adhesives during that time period, potentially due to the use of these adhesives in manufacturing processes for vehicles. A market share of over 9.5% highlights the industry’s considerable presence and influence within the hot melt adhesives market, showcasing its importance as a key stakeholder in the industry landscape.
In the United States alone, the market for hot melt adhesives is estimated to exceed a value of $1.5 billion by 2027,
The statistic provided indicates that the market for hot melt adhesives in the United States is projected to grow significantly, reaching a value of over $1.5 billion by the year 2027. This growth trend suggests that there is increasing demand for hot melt adhesives in various industries across the country, such as packaging, construction, automotive, and electronics. The rising popularity of hot melt adhesives can be attributed to their advantages, including fast curing times, strong bonding capabilities, and environmental friendliness. The substantial market size forecasted for hot melt adhesives highlights the importance of this product in modern manufacturing processes and indicates potential opportunities for businesses operating in this sector to capitalize on the growing demand.
Despite being severely impacted by the COVID-19 pandemic, the hot melt adhesives market is projected to rebound with a year over year growth rate of 1.9% in 2021,
The statistic suggests that despite facing significant challenges due to the COVID-19 pandemic, the hot melt adhesives market is expected to show signs of recovery in 2021 with a projected year-over-year growth rate of 1.9%. This indicates that the market is gradually bouncing back from the adverse effects of the pandemic and is beginning to regain momentum. The modest growth rate reflects a cautious optimism within the industry, as manufacturers and businesses within the hot melt adhesives market navigate the ongoing uncertainties and challenges posed by the pandemic. Overall, the statistic indicates a resilience in the market and a potential for gradual improvement as economic conditions stabilize and demand picks up.
The market for water-based hot melt adhesives is predicted to grow at a faster pace than other types, with a projected CAGR of 6.1% from 2019 to 2027,
The statistic indicates that the market for water-based hot melt adhesives is expected to experience a higher rate of growth compared to other types of adhesives over the period from 2019 to 2027. The Compound Annual Growth Rate (CAGR) of 6.1% projected for this segment suggests a strong growth trajectory, reflecting increasing demand and adoption of water-based hot melt adhesives in various industries and applications. This growth is likely driven by factors such as the growing awareness of environmental concerns, regulations promoting eco-friendly products, and technological advancements enhancing the performance of water-based adhesives. Overall, this statistic highlights the promising outlook for the water-based hot melt adhesive market and the potential opportunities it presents for businesses operating in this sector.
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