United States Hot Melt Adhesives market will reach 1682 million US$ by the end of 2024

Publisher: QYResearch
Published Date: 2019/9/20

The USA sales of hot melt adhesives are estimated from 375 K MT in 2014 to 455 KMT in 2019. The United States Hot Melt Adhesives market size will reach US$ 1682million by 2024, from US$ 1395million in 2018.

Hot melt adhesives downstream is wide, and the major fields are paper packaging, bookbinding, label & tape, hygiene, Transportation, construction, woodworking, textile / footwear, etc. In recent years, social economy has developed rapidly. For demand market of hot melt adhesives, there is also a certain space in the next few years,

A key trend in the hot-melt adhesive market is the movement toward higher quality products. HMA is a large determinant to the end-product’s overall quality, while typically only incurring only a small part of the overall cost. Accordingly, as end-products continue to be realized further down the value chain, customers are beginning to choose higher-end products. The ongoing shift toward higher quality adhesives has brought about a surplus of low-end goods and intense competition in that area of the market.

On the basis of product, the hot melt adhesives market has been categorized into ethylene vinyl acetate (EVA), Styrenic block copolymer (SBC), polyurethane (PU), polyamide (PA) and polyester. Of these, the EVA category recorded the largest volumes sales in the market, the market for EVA is driven by its advantageous properties, such as quicker setting time, durability, and suitability in wide range of temperature. With the rapid rise in the construction and automotive industries, the demand for EVA is expected to rise in the coming years.

The US hot melt adhesive market is relatively concentrated. The main participants are Henkel, H. B. Fuller, Bostik (Arkema), Beardow Adams. The top four suppliers account for 78% of the market.

We tend to believe this industry is a promising industry, and the consumption increasing degree will show a rapid growth curve.

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