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Polyester Hot Melt Adhesives Market (Application - Food and Medical Packaging, Electrical Components, Automotive, Textiles & Fabrics, and Others; Form - Pellets, Powder, and Polymer films): Global Industry Analysis, Trends, Size, Share and Forecasts to 2030

Polyester Hot Melt Adhesives Market (Application - Food and Medical Packaging, Electrical Components, Automotive, Textiles & Fabrics, and Others; Form - Pellets, Powder, and Polymer films): Global Industry Analysis, Trends, Size, Share and Forecasts to 2030

Report Code: IGR0739 Category: Chemicals & Materials Published: August, 2023

A recent report published by Infinium Global Research on polyester hot melt adhesives Market provides in-depth analysis of segments and sub-segments in the global as well as regional polyester hot melt adhesives Market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional polyester hot melt adhesives Market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global polyester hot melt adhesives Market.

Market Insight:

The global polyester hot melt adhesives market was valued at USD 391.92 million in 2022 and is expected to reach USD 671.93 million in 2030, with a CAGR of 6.14% during the forecast period 2023-2030.

Polyester hot melt adhesives are flexible adhesives used in industries such as packaging, construction, and textiles. They are a combination of polyester resins, which provide strong bonding, and hot melt adhesives that can flow when heated and become solid when cooled. These adhesives have high bonding strength, can withstand heat, and resist chemicals. Their flexibility makes them suitable for use in applications such as textiles and car interiors where flexibility is crucial. Polyester hot melt adhesives can be applied with a variety of techniques, including roller, extrusion, and spray. They come in pellet, powder, and film form. They additionally function well with a variety of substrates, including fabrics, metals, and plastics. Corn starch and soybean oil are two examples of the bio-based ingredients used in the manufacture of polyester hot melt adhesives, which are developed in response to the growing need for sustainable and environmentally friendly adhesives. Advanced polyester hot melt adhesives are similar to the traditional polyester adhesives that are used to bond materials when melted, but they are better for the environment. Polyester hot melt adhesives are a category of thermoplastic adhesive that is used in several industries, including packaging, automotive, construction, and textiles. These adhesives are composed of a blend of hot melt adhesive, which solidifies upon cooling and can be usable in a molten form, and polyester resins, which provide strong bonding qualities.

The market for polyester hot melt adhesives is expected to rise due to the packaging industry & increased need for these adhesives. The global polyester hot melt adhesives market is expected to grow in the long run, owing mostly to rapid improvements in the packaging sector throughout the world. The increased popularity of takeaway food delivery and the necessity for flexible packaging in sectors such as food and beverage are predicted to fuel the need for polyester hot melt adhesives. The market is predicted to rise due to rising consumer demand for packaged foods and beverages, dairy products, frozen foods, ready-to-eat meals, bakery items, and packaged foods and packaging. As demand rises, the need for adhesives in food packaging is likely to rise even more, spurring production capacity expansion. Polyester hot melt adhesives are favored in the paper and packaging industries due to their heightened durability, lightweight nature, minimal scent, and a wide range of operational temperatures. Furthermore, the automotive industry & rising need for hot melt adhesives is expected to drive market growth. Polyester hot melt adhesives are commonly used in the automobile industry to seal a wide range of air and ventilation filters. Polyester hot melt adhesives have a short setting time and can resist high temperatures. At room temperature, polyester adhesives are stiff and visible. Polyester hot melt adhesives perform well with polyester, PVC, polycarbonate, aluminum, copper, steel, nonwoven, leather, and paper-based materials. They are resistant to oil and other non-polar liquids, making them suitable for use as oil filters. However, variations in raw material prices may limit market development. The cost of the polyester hot melt adhesive raw materials (such as ethylene-vinyl acetate (EVA), polyolefins, polyesters, styrene block copolymers, polyethylene, ethylene-methyl acrylate (EMA), and others) are rising as the basic intermediate and chemical cost rises. The manufacturing sector that produces polyester hot melt adhesive, which provides a chemical base for many primary adhesive raw materials, is concerned about an increase in the price of basic chemicals and intermediates, such as linoleic acid, dimer acid, trimer acid, ethanolamine, and ethylenediamine. Although, the market has a lot of potential due to the growing sustainable innovation in polyester hot melt adhesives. In response to consumerdemand for environmentally friendly options, several producers are creating polyester hot melt adhesives that are both biobased and biodegradable. This element opens up new opportunities in environmentally friendly sectors including consumer products and furnishings.

Polyester Hot Melt Adhesives Market Size, Share, Trends | IGR

The global polyester hot melt adhesives market is segmented into North America, Europe, Asia-Pacific, and RoW. The Asia Pacific region holds the largest market share in the polyester hot melt adhesives market due to its robust industrial infrastructure and substantial demand from various end-user industries such as packaging, automotive, and electronics. Countries such as China, Japan, and India are key contributors to this market's growth in APAC, driven by increasing manufacturing activities and infrastructure development. Moreover, Europe emerged as the fastest-growing region in the polyester hot melt adhesive market, fueled by advancements in technology, stringent regulations promoting the use of eco-friendly adhesives, and a growing focus on sustainable packaging solutions. Countries such as Germany, France, and the UK are leading this growth trajectory, with a significant emphasis on research and development to enhance product performance and sustainability while meeting evolving consumer demands.

Report Scope of the Polyester Hot Melt Adhesives Market:

Report Coverage Details
Market Size in 2022 USD 391.92 Million
Market Size by 2030 USD 671.93 Million
Growth Rate from 2023 to 2030 CAGR of 6.14%
Largest Market Asia Pacific
No. of Pages 180
Market Drivers
  • Growing demand from the automobile industry drives the growth of the polyester hot melt adhesives market.

  • The growing demand in the packaging industry propels the growth of the market.

Market Segmentation By Application, and By Form
Regional Scope North America, Europe, Asia Pacific, and RoW

Segment Covered

The report on global polyester hot melt adhesives Market covers segments such as application, and form. On the basis of application, the sub-markets include food and medical packaging, electrical components, automotive, textiles & fabrics, and others. On the basis of form, the sub-markets include pellets, powder, and polymer films.

The report provides profiles of the companies in the market such as Bostik, H.B. Fuller, 3M, Cattie Adhesives, Mitsubishi Chemical Corporation, Sika AG, Guangdong SUNTIP New Material Co.,Ltd., Henkel Adhesives Technologies India Private Limited, GC Adhesives Company, and EMS-CHEMIE HOLDING AG.

Report Highlights:

The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the polyester hot melt adhesives Market. Moreover, the study highlights current market trends and provides forecasts from 2023-2030. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


Frequently Asked Questions (FAQ's)

The global polyester hot melt adhesives Market was valued at USD 391.92 Million in 2022.
It is likely to grow at a CAGR of 6.14% during the forecast period 2023-2030.
The global polyester hot melt adhesives Market is estimated to reach USD 671.93 Million by the end of 2030.
Asia Pacific is anticipated to exhibit high demand for polyester hot melt adhesives Market during the forecast period.
Bostik, H.B. Fuller, 3M, Cattie Adhesives, Mitsubishi Chemical Corporation, Sika AG, Guangdong SUNTIP New Material Co.,Ltd., Henkel Adhesives Technologies India Private Limited, GC Adhesives Company, and EMS-CHEMIE HOLDING AG.
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