Polyamide Hot Melt Adhesives Market 2024

The polyamide hot melt adhesives market size has grown strongly in recent years. It will grow from $0.59 billion in 2023 to $0.63 billion in 2024 at a compound annual growth rate (CAGR) of 6.1%. The expansion during the historical period is linked to enhanced chemical durability, the rise of the automotive sector, increased footwear production, a surge in global manufacturing, and the growth of sustainable packaging.

The polyamide hot melt adhesives market size is expected to see strong growth in the next few years. It will grow to $0.8 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. During the forecast period, the growth can be attributed to the expansion of the packaging industry, a heightened emphasis on lightweight materials for aerospace, rising demand for electric vehicles, and increased needs within the electronics sector. Key trends in the forecast period include innovations in manufacturing technologies, progress in 5G and electronics, developments in packaging, advancements integrated with circular economy initiatives, and specialized innovations for specific applications.

The rising demand for consumer electronics is projected to drive the growth of the polyamide hot melt adhesives market in the coming years. Consumer electronics encompass devices designed for everyday use, reflecting advancements in technology, increased internet connectivity, and the widespread adoption of smart devices to meet diverse consumer needs. Polyamide hot melt adhesives offer high thermal stability, excellent electrical insulation, and strong, durable bonds that endure mechanical stress and temperature changes, ensuring reliable and long-lasting assembly of components. For example, in May 2023, the Japan Electronics and Information Technology Industries Association reported that total electronic equipment production in Japan reached 771,457 units. Furthermore, consumer electronics production in May 2023 rose to 32,099 units from 25,268 units in May 2022. Thus, the growing demand for consumer electronics is fueling the polyamide hot melt adhesives market.

Key players in the polyamide hot melt adhesives market are developing hot melt label adhesive solutions to enhance durability, performance, and versatility across various labeling applications. These adhesives are activated by heat to apply labels effectively. For instance, in April 2023, Avery Dennison and Dow, a U.S.-based materials science and digital identification company, introduced an innovative hot melt label adhesive designed to improve packaging recyclability. This adhesive facilitates the mechanical recycling of polyolefin filmic labels and polypropylene (PP) or polyethylene (PE) packaging in a single stream, treating them as a mono-material. It is the first olefinic hot melt adhesive specifically designed for chilled food applications within the labeling market and has received Recyclass approval for recycling in the high-density polyethylene (HDPE) colored stream in European markets.

In August 2022, Eukalin Corp., a U.S.-based adhesive solutions company, acquired Adhesives Specialists Inc. for an undisclosed sum. This acquisition aims to strengthen Eukalin Corp.'s market position by expanding its adhesive technology capabilities and enhancing its product offerings. Adhesives Specialists Inc. specializes in the manufacture of polyamide hot melt adhesives and other hot melt adhesive products.

Major companies operating in the polyamide hot melt adhesives market are BASF SE, 3M Company, Henkel AG And Co. KGaA, Evonik Industries, Dow Chemical Company, Sika AG, Arkema S.A., Huntsman Corporation, H.B. Fuller Company, Bostik Inc., DuPont, TEX YEAR INDUSTRIES INC., Beardow Adams Ltd., Shanghai Tianyang Hot Melt Adhesive Co. Ltd., Jowat SE, Bühnen GmbH & Co. KG, Palmetto Adhesives Company, Schaetti, Sipol, Huate Bonding Material, Shanghai Tianyang, Bond Tech Industries.

Asia-Pacific was the largest region in the polyamide hot melt adhesives market in 2023, and is expected to be the fastest-growing region in the forecast period. The regions covered in the polyamide hot melt adhesives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the polyamide hot melt adhesives market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Polyamide hot melt adhesives are thermoplastic adhesives derived from polyamide resins, which are created from dimer acids and diamines. Renowned for their strong bonding capabilities, flexibility, and heat resistance, these adhesives are well-suited for a wide range of industrial uses. Their ability to withstand high temperatures while resisting moisture and chemicals adds to their significant value.

The primary types of polyamide hot melt adhesives include granules, powder, and others. Granular polyamide hot melt adhesives consist of small, bead-like polyamide adhesive particles specifically formulated for hot melt applications. They come in various forms, including thermosetting and thermoplastic types, and are utilized in several sectors such as footwear and textiles, automotive, electrical, woodworking, and more.

The polyamide hot melt adhesives market research report is one of a series of new reports that provides polyamide hot melt adhesives market statistics, including polyamide hot melt adhesives industry global market size, regional shares, competitors with a polyamide hot melt adhesives market share, detailed polyamide hot melt adhesives market segments, market trends, and opportunities, and any further data you may need to thrive in the polyamide hot melt adhesives industry. This polyamide hot melt adhesives market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The polyamide hot melt adhesives market consists of sales of aliphatic polyamide, aromatic polyamide, semi-aromatic polyamide, and modified polyamide. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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