Summary

The hot-melt adhesives market size is projected to reach USD 10.9 billion by 2029 at a CAGR of 2.8% from USD 9.5 billion in 2024. Ethylene Vinyl Acetate (EVA), by resin type segment is estimated to account for the largest share of the hot-melt adhesives market in 2023.

Ethylene Vinyl Acetate (EVA) is likely to account for the largest share of hot-melt adhesives market.
During the forecast period, EVA stands out as the largest resin type segment in the hot-melt adhesives market, both in terms of value and volume. This is largely due to its widespread application in manufacturing hot-melt adhesives for products such as baby diapers and feminine sanitary items. EVA's cost-effectiveness compared to other resins also boosts its demand. Conversely, PU is experiencing the fastest growth, primarily due to its increasing usage in nonwoven hygiene products, especially in emerging markets.

Packaging Solutions, by application accounted for the largest segment of hot-melt adhesives market.
Packaging solutions represented the largest application segment in the hot-melt adhesives market. This dominance is due to the growing use of hot-melt adhesives in diverse packaging applications, including bulk, industrial, commercial, and specialty packaging.
The packaging applications of hot-melt adhesives encompass carton boxes, envelopes, carton closures, cups, flexible packaging, specialty packaging, bags, and processed food products. Cases and cartons, made from paperboard, are utilized for packaging goods. They serve various purposes, including the transportation and storage of agricultural and poultry products, biscuits, chocolates, pharmaceutical products, and industrial items.
Asia Pacific, by region is forecasted to be the fastest segment of hot-melt adhesives market during the forecast period.
The Asia Pacific region is the fastest-growing market for hot-melt adhesives because industries such as packaging, automobiles, electronics, and construction are growing rapidly and calling for the best solutions to merge different things seamlessly. The increasing middle class population base coupled with higher per-capita income has led to increase packaged consumption and consumer durable goods envisaging a better demand for adhesive. This makes them versatile and effective depending on the formulation and technological improvements that would still accommodate most addressing industry demand. Also, friendly government policies and capital expenditure in infrastructural projects, which are adopted by the hot-melt adhesives’ key consumers such as the construction & automotive industries, improve market growth. The growth of new market places and platforms for shopping also contributes to the ever rising need for packaging materials in the region thus improving the overall growth of the market.

The break-up of the profile of primary participants in the hot-melt adhesives market:
• By Company Type: Tier 1 – 46%, Tier 2 – 36%, and Tier 3 – 18%
• By Designation: C Level – 21%, D Level – 23%, and Others – 56%
• By Region: North America – 37%, Europe – 23%, Asia Pacific – 26%, South America- 4%the Middle East & Africa – 10%.

The key companies profiled in this report are Henkel AG & CO. KGaA (Germany), H.B. Fuller Company (US), Jowat SE (Germany), 3M (US), Arkema (France).

Research Coverage:
The hot-melt adhesives market has been segmented based on Resin Type (Ethylene Vinyl Acetate (EVA), Styrenic Block Copolymer (SBC), Metallocene Polyolefin (MPO), Amorphous Polyalphaolefin (APAO), Polyolefins, and Other Resin Types), Application (Packaging Solutions, Nonwoven Hygiene Products, Furniture & Woodwork, Bookbinding, Other Applications), and by Region (Asia Pacific, Europe, North America, South America, and Middle East & Africa).

Reasons to Buy the Report
From an insight perspective, this research report focuses on various levels of analyses — industry analysis (industry trends), market ranking analysis of top players, and company profiles, which together comprise and discuss the basic views on the competitive landscape; emerging and high-growth segments of the market; high growth regions; and market drivers, restraints, opportunities, and challenges.

The report provides insights on the following pointers:
 Analysis of key drivers (demand for hot-melt adhesives in packaging industry to drive the market, catering to wide range of high growth applications, hot-melt adhesives replacing other adhesive technologies, high demand in DIY applications), restraints (lower thermal resistance of hot-melt adhesives), opportunities (Booming packaging and non-woven applications in Asia Pacific and South America, Increasing demand of hot-melt adhesives 5`over traditional adhesives), challenges (Difficulty in usage on hard-to-bond substances, volatility in raw material prices)
 Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the market
 Market Development: Comprehensive information about lucrative emerging markets – the report analyzes the market for hot-melt adhesives across regions
 Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the market
 Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the market.

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Table of Contents

1 INTRODUCTION 27
1.1 STUDY OBJECTIVES 27
1.2 MARKET DEFINITION 27
1.2.1 INCLUSIONS AND EXCLUSIONS 27
1.2.2 DEFINITION AND INCLUSIONS, BY RESIN TYPE 28
1.2.3 DEFINITION AND INCLUSIONS, BY APPLICATION 29
1.3 MARKET SEGMENTATION 29
FIGURE 1 HOT-MELT ADHESIVES MARKET SEGMENTATION 29
1.3.1 REGIONS COVERED 30
1.3.2 YEARS CONSIDERED 30
1.4 CURRENCY CONSIDERED 30
1.5 UNITS CONSIDERED 31
1.6 STAKEHOLDERS 31
1.7 SUMMARY OF CHANGES 31
1.7.1 IMPACT OF RECESSION 31
2 RESEARCH METHODOLOGY 32
2.1 RESEARCH DATA 32
FIGURE 2 HOT-MELT ADHESIVES MARKET: RESEARCH DESIGN 32
2.1.1 SECONDARY DATA 33
2.1.1.1 Key data from secondary sources 33
2.1.2 PRIMARY DATA 33
2.1.2.1 Key data from primary sources 34
2.1.2.2 Key industry insights 34
2.1.2.3 Breakdown of primary interviews 35
2.1.2.4 Primary data sources 35
2.2 MARKET SIZE ESTIMATION 35
2.2.1 BOTTOM-UP APPROACH 36
FIGURE 3 MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH 36
2.2.2 TOP-DOWN APPROACH 37
FIGURE 4 MARKET SIZE ESTIMATION: TOP-DOWN APPROACH 37
2.3 MARKET GROWTH FORECAST 38
2.3.1 SUPPLY-SIDE FORECAST 38
2.3.2 DEMAND-SIDE FORECAST 38
2.4 FACTOR ANALYSIS 38
FIGURE 5 MAJOR FACTORS IMPACTING HOT-MELT ADHESIVES MARKET 38
2.5 DATA TRIANGULATION 39
FIGURE 6 HOT-MELT ADHESIVES MARKET: DATA TRIANGULATION 39
2.6 ASSUMPTIONS 40
2.7 LIMITATIONS 40
2.8 GROWTH FORECAST 41
2.9 RISK ASSESSMENT 41
TABLE 1 HOT-MELT ADHESIVES MARKET: RISK ASSESSMENT 41
2.10 IMPACT OF RECESSION 41
3 EXECUTIVE SUMMARY 42
TABLE 2 HOT-MELT ADHESIVES MARKET SNAPSHOT, 2022 VS. 2027 43
FIGURE 7 PACKAGING SOLUTIONS APPLICATION TO DOMINATE MARKET DURING FORECAST PERIOD 44
FIGURE 8 ETHYLENE-VINYL ACETATE RESIN TO DOMINATE OVERALL MARKET DURING FORECAST PERIOD 44
FIGURE 9 ASIA PACIFIC LED GLOBAL HOT-MELT ADHESIVES MARKET IN 2023 45
4 PREMIUM INSIGHTS 46
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN HOT-MELT ADHESIVES MARKET 46
FIGURE 10 HOT-MELT ADHESIVES MARKET TO WITNESS HIGH GROWTH DURING FORECAST PERIOD 46
4.2 HOT-MELT ADHESIVES MARKET, BY RESIN TYPE 46
FIGURE 11 METALLOCENE POLYOLEFIN TO RECORD FASTEST GROWTH BETWEEN 2024 AND 2029 46
4.3 ASIA PACIFIC: HOT-MELT ADHESIVES MARKET, BY APPLICATION AND COUNTRY 47
FIGURE 12 CHINA ACCOUNTED FOR LARGEST MARKET SHARE IN ASIA PACIFIC 47
4.4 HOT-MELT ADHESIVES MARKET: DEVELOPED VS. EMERGING ECONOMIES 47
FIGURE 13 DEVELOPING ECONOMIES TO REGISTER HIGHER GROWTH DURING FORECAST PERIOD 47
4.5 HOT-MELT ADHESIVES MARKET, BY KEY COUNTRIES 48
FIGURE 14 INDIA TO RECORD FASTEST GROWTH DURING FORECAST PERIOD 48
5 MARKET OVERVIEW 49
5.1 INTRODUCTION 49
5.2 MARKET DYNAMICS 50
FIGURE 15 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN HOT-MELT ADHESIVES MARKET 50
5.2.1 DRIVERS 50
5.2.1.1 Growth of packaging industry 50
5.2.1.2 High demand from nonwoven hygiene products, furniture & woodwork, and bookbinding applications 51
5.2.1.3 Growing preference for hot-melt adhesives over solvent-based adhesives 51
5.2.1.4 Increasing use in DIY applications 52
5.2.2 RESTRAINTS 52
5.2.2.1 Low thermal resistance of hot-melt adhesives 52
5.2.3 OPPORTUNITIES 52
5.2.3.1 Changing lifestyle and increasing consumer awareness in emerging economies 52
5.2.3.2 Development of eco-friendly reactive hot-melt adhesives 52
5.2.4 CHALLENGES 53
5.2.4.1 Difficulty in usage on hard-to-bond substances 53
5.2.4.2 Volatility in raw material prices 53
5.3 PORTER'S FIVE FORCES ANALYSIS 53
TABLE 3 PORTER'S FIVE FORCES ANALYSIS: HOT-MELT ADHESIVES MARKET 53
FIGURE 16 PORTER'S FIVE FORCES ANALYSIS: HOT-MELT ADHESIVES MARKET 54
5.3.1 THREAT OF NEW ENTRANTS 54
5.3.2 THREAT OF SUBSTITUTES 55
5.3.3 BARGAINING POWER OF BUYERS 55
5.3.4 BARGAINING POWER OF SUPPLIERS 55
5.3.5 INTENSITY OF COMPETITIVE RIVALRY 56
5.4 MACRO INDICATOR ANALYSIS 56
5.4.1 INTRODUCTION 56
5.4.2 TRENDS AND FORECAST OF GDP 56
TABLE 4 TRENDS AND FORECAST OF GDP, PERCENTAGE CHANGE, 2019–2029 56
5.4.3 TRENDS IN AUTOMOTIVE INDUSTRY 58
TABLE 5 AUTOMOTIVE INDUSTRY PRODUCTION (2022–2023) 58
5.4.4 TRENDS IN ELECTRONICS INDUSTRY 59
FIGURE 17 CONSUMER ELECTRONICS INDUSTRY REVENUE, BY SEGMENT (2018–2028) 59
5.4.5 TRENDS IN FOOTWEAR INDUSTRY 60
FIGURE 18 DISTRIBUTION OF FOOTWEAR PRODUCTION, BY REGION, 2022 (QUANTITY) 60
TABLE 6 FOOTWEAR CONSUMPTION CONTRIBUTION PERCENTAGE, 2022 61
6 INDUSTRY TRENDS 62
6.1 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS 62
FIGURE 19 NEW REVENUE POCKETS FOR PLAYERS IN HOT-MELT ADHESIVES MARKET 62
6.2 PRICING ANALYSIS 62
6.2.1 AVERAGE SELLING PRICE TREND, BY REGION 63
FIGURE 20 AVERAGE SELLING PRICE OF HOT-MELT ADHESIVES, BY REGION 63
6.2.2 AVERAGE SELLING PRICE TREND, BY RESIN TYPE 63
FIGURE 21 AVERAGE SELLING PRICE OF HOT-MELT ADHESIVES, BY RESIN TYPE 63
6.2.3 AVERAGE SELLING PRICE TREND, BY APPLICATION 64
FIGURE 22 AVERAGE SELLING PRICE OF HOT-MELT ADHESIVES, BY APPLICATION 64
6.2.4 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY APPLICATION 64
FIGURE 23 AVERAGE SELLING PRICE OF KEY PLAYERS, BY APPLICATION (2023) 64
TABLE 7 AVERAGE SELLING PRICE OF KEY PLAYERS, BY TOP 3 APPLICATIONS (USD/KG) 65
6.3 SUPPLY CHAIN ANALYSIS 65
FIGURE 24 HOT-MELT ADHESIVES MARKET: SUPPLY CHAIN ANALYSIS 65
6.4 ECOSYSTEM ANALYSIS 66
TABLE 8 HOT-MELT ADHESIVES MARKET: ROLE IN ECOSYSTEM 66
FIGURE 25 HOT-MELT ADHESIVES MARKET: ECOSYSTEM MAPPING 67
FIGURE 26 HOT-MELT ADHESIVES MARKET: STAKEHOLDERS IN ECOSYSTEM 67
6.5 TECHNOLOGY ANALYSIS 68
6.5.1 KEY TECHNOLOGIES 68
6.5.1.1 Ethylene vinyl acetate (EVA) 68
6.5.1.2 Styrenic block copolymer (SBC) 68
6.5.2 COMPLEMENTARY TECHNOLOGIES 69
6.5.2.1 Water-based adhesives 69
6.5.2.2 Solvent-based adhesives 69
6.5.2.3 UV curing adhesives 69
6.5.3 ADJACENT TECHNOLOGIES 70
6.5.3.1 Reactive hot-melt adhesives 70
6.5.3.2 Pressure-sensitive adhesives 71
6.6 PATENT ANALYSIS 71
FIGURE 27 MAJOR PATENT APPLICANTS FOR HOT-MELT ADHESIVES 72
6.6.1 LIST OF MAJOR PATENTS 72
6.7 TRADE ANALYSIS 74
6.7.1 EXPORT SCENARIO OF HOT-MELT ADHESIVES 74
FIGURE 28 HOT-MELT ADHESIVES EXPORT, BY KEY COUNTRIES, 2019−2023 (USD THOUSAND) 74
6.7.2 IMPORT SCENARIO OF HOT-MELT ADHESIVES 75
FIGURE 29 HOT-MELT ADHESIVES IMPORT, BY KEY COUNTRIES, 2019−2023 (USD THOUSAND) 75
6.8 KEY CONFERENCES & EVENTS 76
TABLE 9 HOT-MELT ADHESIVES MARKET: DETAILED LIST OF CONFERENCES & EVENTS, 2024−2025 76
6.9 REGULATORY LANDSCAPE 76
6.9.1 REGULATIONS AND STANDARDS 77
TABLE 10 LEEDS STANDARDS FOR ARCHITECTURAL APPLICATIONS 77
TABLE 11 LEEDS STANDARDS FOR SPECIALTY APPLICATIONS 77
TABLE 12 LEEDS STANDARDS FOR SUBSTRATE-SPECIFIC APPLICATIONS 78
6.9.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 78
TABLE 13 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 78
TABLE 14 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 79
TABLE 15 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 79
6.10 KEY STAKEHOLDERS & BUYING CRITERIA 80
6.10.1 KEY STAKEHOLDERS IN BUYING PROCESS 80
FIGURE 30 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS 80
TABLE 16 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 APPLICATIONS (%) 80
6.10.2 BUYING CRITERIA 81
FIGURE 31 KEY BUYING CRITERIA FOR HOT-MELT ADHESIVES 81
TABLE 17 KEY BUYING CRITERIA FOR HOT-MELT ADHESIVES 81
6.11 INVESTMENT AND FUNDING SCENARIO 81
TABLE 18 INVESTMENT AND FUNDING SCENARIO 82
6.12 GLOBAL ECONOMIC SCENARIO AFFECTING MARKET GROWTH 83
6.12.1 RUSSIA–UKRAINE WAR 83
6.12.2 CHINA 83
6.12.2.1 China's debt problem 83
6.12.2.2 Environmental commitments 84
6.13 CASE STUDY ANALYSIS 84
6.13.1 CONVEYANCE OF NEW HOT-MELT ADHESIVE SOLUTION 84
6.13.2 MOUNTAIN VIEW PACKAGING SAVES 50% WITH HOT MELT DOTTING 84
6.13.3 PFAS-FREE HOT-MELT ADHESIVE DISPENSING MACHINE & RECIPROCATING NEEDLE 85
7 HOT-MELT ADHESIVES MARKET, BY RESIN TYPE 87
7.1 INTRODUCTION 88
FIGURE 32 ETHYLENE-VINYL ACETATE TO BE LARGEST SEGMENT IN OVERALL HOT-MELT ADHESIVES MARKET 88
TABLE 19 HOT-MELT ADHESIVES MARKET SIZE, BY RESIN TYPE, 2019–2023 (USD MILLION) 88
TABLE 20 HOT-MELT ADHESIVES MARKET SIZE, BY RESIN TYPE, 2024–2029 (USD MILLION) 89
TABLE 21 HOT-MELT ADHESIVES MARKET SIZE, BY RESIN TYPE, 2019–2023 (KILOTON) 89
TABLE 22 HOT-MELT ADHESIVES MARKET SIZE, BY RESIN TYPE, 2024–2029 (KILOTON) 89
7.2 ETHYLENE VINYL ACETATE 90
7.2.1 OFFERS GREATER FLEXIBILITY AND ABILITY TO WITHSTAND ADVERSE TEMPERATURE VARIATION 90
TABLE 23 ETHYLENE VINYL ACETATE: HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2019–2023 (USD MILLION) 90
TABLE 24 ETHYLENE VINYL ACETATE: HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2024–2029 (USD MILLION) 90
TABLE 25 ETHYLENE VINYL ACETATE: HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2019–2023 (KILOTON) 91
TABLE 26 ETHYLENE VINYL ACETATE: HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2024–2029 (KILOTON) 91
7.3 STYRENIC BLOCK COPOLYMER 91
7.3.1 GOOD HEATING PROPERTIES AND LOW MOISTURE ABSORPTION SUITABLE FOR HIGHER-TEMPERATURE APPLICATIONS 91
TABLE 27 STYRENIC BLOCK COPOLYMER: HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2019–2023 (USD MILLION) 92
TABLE 28 STYRENIC BLOCK COPOLYMER: HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2024–2029 (USD MILLION) 92
TABLE 29 STYRENIC BLOCK COPOLYMER: HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2019–2023 (KILOTON) 92
TABLE 30 STYRENIC BLOCK COPOLYMER: HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2024–2029 (KILOTON) 93
7.4 METALLOCENE POLYOLEFIN (MPO) 93
7.4.1 MPO SUITABLE FOR COLORLESS APPLICATIONS DUE TO ITS UNIQUE PROPERTIES 93
TABLE 31 METALLOCENE POLYOLEFIN: HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2019–2023 (USD MILLION) 93
TABLE 32 METALLOCENE POLYOLEFIN: HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2024–2029 (USD MILLION) 94
TABLE 33 METALLOCENE POLYOLEFIN: HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2019–2023 (KILOTON) 94
TABLE 34 METALLOCENE POLYOLEFIN: HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2024–2029 (KILOTON) 94
7.5 AMORPHOUS POLYALPHAOLEFIN (APAO) 95
7.5.1 NORTH AMERICA TO BE LARGEST MARKET FOR AMORPHOUS POLYALPHAOLEFIN SEGMENT 95
TABLE 35 AMORPHOUS POLYALPHAOLEFIN: HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2019–2023 (USD MILLION) 95
TABLE 36 AMORPHOUS POLYALPHAOLEFIN: HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2024–2029 (USD MILLION) 95
TABLE 37 AMORPHOUS POLYALPHAOLEFIN: HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2019–2023 (KILOTON) 96
TABLE 38 AMORPHOUS POLYALPHAOLEFIN: HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2024–2029 (KILOTON) 96
7.6 POLYOLEFINS 96
7.6.1 OFFERS SUPERIOR SEALING ABILITY, HIGH RESISTANCE, AND EXCELLENT OPTICS IN PACKAGING APPLICATIONS 96
TABLE 39 POLYOLEFINS: HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2019–2023 (USD MILLION) 97
TABLE 40 POLYOLEFINS: HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2024–2029 (USD MILLION) 97
TABLE 41 POLYOLEFINS: HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2019–2023 (KILOTON) 97
TABLE 42 POLYOLEFINS: HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2024–2029 (KILOTON) 98
7.7 OTHER RESIN TYPES 98
TABLE 43 OTHER RESIN TYPES: HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2019–2023 (USD MILLION) 99
TABLE 44 OTHER RESIN TYPES: HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2024–2029 (USD MILLION) 99
TABLE 45 OTHER RESIN TYPES: HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2019–2023 (KILOTON) 99
TABLE 46 OTHER RESIN TYPES: HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2024–2029 (KILOTON) 100

8 HOT-MELT ADHESIVES MARKET, BY APPLICATION 101
8.1 INTRODUCTION 102
FIGURE 33 PACKAGING SOLUTIONS TO BE LARGEST APPLICATION OF HOT-MELT ADHESIVES 102
TABLE 47 HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (USD MILLION) 102
TABLE 48 HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (USD MILLION) 103
TABLE 49 HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (KILOTON) 103
TABLE 50 HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (KILOTON) 103
8.2 PACKAGING SOLUTIONS 104
8.2.1 HIGH DEMAND FOR FLEXIBLE PACKAGING IN ASIA PACIFIC AND MIDDLE EAST & AFRICA TO FUEL DEMAND 104
8.2.1.1 Corrugated boxes and trays 104
8.2.1.2 Carton and side-seam closures 105
8.2.1.3 Non-pressure-sensitive labels and marking systems 105
8.2.1.4 Flexible packaging 105
8.2.1.5 Others 105
TABLE 51 HOT-MELT ADHESIVES MARKET SIZE IN PACKAGING SOLUTIONS, BY REGION, 2019–2023 (USD MILLION) 105
TABLE 52 HOT-MELT ADHESIVES MARKET SIZE IN PACKAGING SOLUTIONS, BY REGION, 2024–2029 (USD MILLION) 106
TABLE 53 HOT-MELT ADHESIVES MARKET SIZE IN PACKAGING SOLUTIONS, BY REGION, 2019–2023 (KILOTON) 106
TABLE 54 HOT-MELT ADHESIVES MARKET SIZE IN PACKAGING SOLUTIONS, BY REGION, 2024–2029 (KILOTON) 106
8.3 NONWOVEN HYGIENE PRODUCTS 107
8.3.1 INCREASING HYGIENE AWARENESS TO SUPPORT MARKET GROWTH 107
8.3.1.1 Baby diapers, nappies, and pants 107
8.3.1.2 Adult incontinence 107
8.3.1.3 Feminine care 107
TABLE 55 HOT-MELT ADHESIVES MARKET SIZE IN NONWOVEN HYGIENE PRODUCTS, BY REGION, 2019–2023 (USD MILLION) 107
TABLE 56 HOT-MELT ADHESIVES MARKET SIZE IN NONWOVEN HYGIENE PRODUCTS, BY REGION, 2024–2029 (USD MILLION) 108
TABLE 57 HOT-MELT ADHESIVES MARKET SIZE IN NONWOVEN HYGIENE PRODUCTS, BY REGION, 2019–2023 (KILOTON) 108
TABLE 58 HOT-MELT ADHESIVES MARKET SIZE IN NONWOVEN HYGIENE PRODUCTS, BY REGION, 2024–2029 (KILOTON) 108
8.4 FURNITURE & WOODWORK 109
8.4.1 ASIA PACIFIC WOODWORKING INDUSTRY TO INCREASE DEMAND FOR HOT-MELT ADHESIVES 109
8.4.1.1 Woodworking 109
8.4.1.2 Structural and non-structural wood products 109
TABLE 59 HOT-MELT ADHESIVES MARKET SIZE IN FURNITURE & WOODWORK, BY REGION, 2019–2023 (USD MILLION) 109
TABLE 60 HOT-MELT ADHESIVES MARKET SIZE IN FURNITURE & WOODWORK, BY REGION, 2024–2029 (USD MILLION) 109
TABLE 61 HOT-MELT ADHESIVES MARKET SIZE IN FURNITURE & WOODWORK, BY REGION, 2019–2023 (KILOTON) 110
TABLE 62 HOT-MELT ADHESIVES MARKET SIZE IN FURNITURE & WOODWORK, BY REGION, 2024–2029 (KILOTON) 110
8.5 BOOKBINDING 110
8.5.1 WATER-ELIMINATING ADVANTAGE AND QUICKER SET-UP TIME OF HOT-MELT ADHESIVES TO FUEL DEMAND IN BOOKBINDING 110
8.5.1.1 Spine binding 110
8.5.1.2 Cover page and edge bonding 111
TABLE 63 HOT-MELT ADHESIVES MARKET SIZE IN BOOKBINDING, BY REGION, 2019–2023 (USD MILLION) 111
TABLE 64 HOT-MELT ADHESIVES MARKET SIZE IN BOOKBINDING, BY REGION, 2024–2029 (USD MILLION) 111
TABLE 65 HOT-MELT ADHESIVES MARKET SIZE IN BOOKBINDING, BY REGION, 2019–2023 (KILOTON) 111
TABLE 66 HOT-MELT ADHESIVES MARKET SIZE IN BOOKBINDING, BY REGION, 2024–2029 (KILOTON) 112
8.6 OTHER APPLICATIONS 112
8.6.1 AUTOMOTIVE & TRANSPORT 112
8.6.2 CONSUMER DIY 112
8.6.3 FOOTWEAR 112
8.6.4 ELECTRONICS 113
TABLE 67 HOT-MELT ADHESIVES MARKET SIZE IN OTHER APPLICATIONS, BY REGION, 2019–2023 (USD MILLION) 113
TABLE 68 HOT-MELT ADHESIVES MARKET SIZE IN OTHER APPLICATIONS, BY REGION, 2024–2029 (USD MILLION) 113
TABLE 69 HOT-MELT ADHESIVES MARKET SIZE IN OTHER APPLICATIONS, BY REGION, 2019–2023 (KILOTON) 113
TABLE 70 HOT-MELT ADHESIVES MARKET SIZE IN OTHER APPLICATIONS, BY REGION, 2024–2029 (KILOTON) 114
9 HOT-MELT ADHESIVES MARKET, BY REGION 115
9.1 INTRODUCTION 116
FIGURE 34 ASIA PACIFIC TO LEAD HOT-MELT ADHESIVES MARKET DURING FORECAST PERIOD 116
TABLE 71 HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2019–2023 (USD MILLION) 116
TABLE 72 HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2024–2029 (USD MILLION) 117
TABLE 73 HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2019–2023 (KILOTON) 117
TABLE 74 HOT-MELT ADHESIVES MARKET SIZE, BY REGION, 2024–2029 (KILOTON) 117
9.2 ASIA PACIFIC 118
9.2.1 RECESSION IMPACT 118
FIGURE 35 ASIA PACIFIC: HOT-MELT ADHESIVES MARKET SNAPSHOT 119
TABLE 75 ASIA PACIFIC: HOT-MELT ADHESIVES MARKET SIZE, BY RESIN TYPE, 2019–2023 (USD MILLION) 120
TABLE 76 ASIA PACIFIC: HOT-MELT ADHESIVES MARKET SIZE, BY RESIN TYPE, 2024–2029 (USD MILLION) 120
TABLE 77 ASIA PACIFIC: HOT-MELT ADHESIVES MARKET SIZE, BY RESIN TYPE, 2019–2023 (KILOTON) 120
TABLE 78 ASIA PACIFIC: HOT-MELT ADHESIVES MARKET SIZE, BY RESIN TYPE, 2024–2029 (KILOTON) 121
TABLE 79 ASIA PACIFIC: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (USD MILLION) 121
TABLE 80 ASIA PACIFIC: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (USD MILLION) 121
TABLE 81 ASIA PACIFIC: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (KILOTON) 122
TABLE 82 ASIA PACIFIC: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (KILOTON) 122
TABLE 83 ASIA PACIFIC: HOT-MELT ADHESIVES MARKET SIZE, BY COUNTRY, 2019–2023 (USD MILLION) 123
TABLE 84 ASIA PACIFIC: HOT-MELT ADHESIVES MARKET SIZE, BY COUNTRY, 2024–2029 (USD MILLION) 123
TABLE 85 ASIA PACIFIC: HOT-MELT ADHESIVES MARKET SIZE, BY COUNTRY, 2019–2023 (KILOTON) 124
TABLE 86 ASIA PACIFIC: HOT-MELT ADHESIVES MARKET SIZE, BY COUNTRY, 2024–2029 (KILOTON) 124
9.2.2 CHINA 125
9.2.2.1 Technological advancements and innovations in hot-melt adhesive market to drive demand 125
TABLE 87 CHINA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (USD MILLION) 125
TABLE 88 CHINA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (USD MILLION) 126
TABLE 89 CHINA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (KILOTON) 126
TABLE 90 CHINA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (KILOTON) 126
9.2.3 JAPAN 127
9.2.3.1 Nonwoven hygiene products to be fastest-growing application of hot-melt adhesives in Japan 127
TABLE 91 JAPAN: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (USD MILLION) 128
TABLE 92 JAPAN: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (USD MILLION) 128
TABLE 93 JAPAN: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (KILOTON) 128
TABLE 94 JAPAN: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (KILOTON) 129
9.2.4 SOUTH KOREA 129
9.2.4.1 Growth in packaging & furniture industry to fuel demand 129
TABLE 95 SOUTH KOREA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (USD MILLION) 130
TABLE 96 SOUTH KOREA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (USD MILLION) 130
TABLE 97 SOUTH KOREA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (KILOTON) 130
TABLE 98 SOUTH KOREA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (KILOTON) 131
9.2.5 INDIA 131
9.2.5.1 Substantial growth in nonwoven technical textile production contributing to market growth 131
TABLE 99 INDIA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (USD MILLION) 132
TABLE 100 INDIA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (USD MILLION) 132
TABLE 101 INDIA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (KILOTON) 132
TABLE 102 INDIA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (KILOTON) 133
9.2.6 MALAYSIA 133
9.2.6.1 Growing demand for smart and biodegradable packaging of food to drive market 133
TABLE 103 MALAYSIA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (USD MILLION) 134
TABLE 104 MALAYSIA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (USD MILLION) 134
TABLE 105 MALAYSIA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (KILOTON) 134
TABLE 106 MALAYSIA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (KILOTON) 135
9.2.7 THAILAND 135
9.2.7.1 Robust industrial demand and shift towards eco-friendly practices to support market growth 135
TABLE 107 THAILAND: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (USD MILLION) 135
TABLE 108 THAILAND: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (USD MILLION) 136
TABLE 109 THAILAND: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (KILOTON) 136
TABLE 110 THAILAND: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (KILOTON) 136
9.2.8 REST OF ASIA PACIFIC 137
TABLE 111 REST OF ASIA PACIFIC: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (USD MILLION) 137
TABLE 112 REST OF ASIA PACIFIC: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (USD MILLION) 137
TABLE 113 REST OF ASIA PACIFIC: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (KILOTON) 138
TABLE 114 REST OF ASIA PACIFIC: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (KILOTON) 138
9.3 NORTH AMERICA 138
9.3.1 IMPACT OF RECESSION 138
FIGURE 36 NORTH AMERICA: HOT-MELT ADHESIVES MARKET SNAPSHOT 139
TABLE 115 NORTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY RESIN TYPE, 2019–2023 (USD MILLION) 140
TABLE 116 NORTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY RESIN TYPE, 2024–2029 (USD MILLION) 140
TABLE 117 NORTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY RESIN TYPE, 2019–2023 (KILOTON) 140
TABLE 118 NORTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY RESIN TYPE, 2024–2029 (KILOTON) 141
TABLE 119 NORTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (USD MILLION) 141
TABLE 120 NORTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (USD MILLION) 141
TABLE 121 NORTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (KILOTON) 142
TABLE 122 NORTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (KILOTON) 142
TABLE 123 NORTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY COUNTRY, 2019–2023 (USD MILLION) 142
TABLE 124 NORTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY COUNTRY, 2024–2029 (USD MILLION) 143
TABLE 125 NORTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY COUNTRY, 2019–2023 (KILOTON) 143
TABLE 126 NORTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY COUNTRY, 2024–2029 (KILOTON) 143
9.3.2 US 144
9.3.2.1 Rise in consumption of packed goods and growth in packaging industry to boost demand 144
TABLE 127 US: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (USD MILLION) 144
TABLE 128 US: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (USD MILLION) 145
TABLE 129 US: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (KILOTON) 145
TABLE 130 US: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (KILOTON) 145
9.3.3 CANADA 146
9.3.3.1 Automotive sector to play key role in driving demand for hot-melt adhesives 146
TABLE 131 CANADA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (USD MILLION) 146
TABLE 132 CANADA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (USD MILLION) 146
TABLE 133 CANADA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (KILOTON) 147
TABLE 134 CANADA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (KILOTON) 147
9.3.4 MEXICO 147
9.3.4.1 Dynamic trends and advancements in packaging industry to drive demand for hot-melt adhesives 147
TABLE 135 MEXICO: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (USD MILLION) 148
TABLE 136 MEXICO: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (USD MILLION) 148
TABLE 137 MEXICO: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (KILOTON) 149
TABLE 138 MEXICO: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (KILOTON) 149
9.4 EUROPE 150
9.4.1 IMPACT OF RECESSION 150
FIGURE 37 EUROPE: HOT-MELT ADHESIVES MARKET SNAPSHOT 151
TABLE 139 EUROPE: HOT-MELT ADHESIVES MARKET SIZE, BY RESIN TYPE, 2019–2023 (USD MILLION) 152
TABLE 140 EUROPE: HOT-MELT ADHESIVES MARKET SIZE, BY RESIN TYPE, 2024–2029 (USD MILLION) 152
TABLE 141 EUROPE: HOT-MELT ADHESIVES MARKET SIZE, BY RESIN TYPE, 2019–2023 (KILOTON) 152
TABLE 142 EUROPE: HOT-MELT ADHESIVES MARKET SIZE, BY RESIN TYPE, 2024–2029 (KILOTON) 153
TABLE 143 EUROPE: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (USD MILLION) 153
TABLE 144 EUROPE: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (USD MILLION) 153
TABLE 145 EUROPE: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (KILOTON) 154
TABLE 146 EUROPE: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (KILOTON) 154
TABLE 147 EUROPE: HOT-MELT ADHESIVES MARKET SIZE, BY COUNTRY, 2019–2023 (USD MILLION) 154
TABLE 148 EUROPE: HOT-MELT ADHESIVES MARKET SIZE, BY COUNTRY, 2024–2029 (USD MILLION) 155
TABLE 149 EUROPE: HOT-MELT ADHESIVES MARKET SIZE, BY COUNTRY, 2019–2023 (KILOTON) 155
TABLE 150 EUROPE: HOT-MELT ADHESIVES MARKET SIZE, BY COUNTRY, 2024–2029 (KILOTON) 155
9.4.2 GERMANY 156
9.4.2.1 Presence of strong food packaging industry to support market growth 156
TABLE 151 GERMANY: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (USD MILLION) 156
TABLE 152 GERMANY: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (USD MILLION) 157
TABLE 153 GERMANY: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (KILOTON) 157
TABLE 154 GERMANY: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (KILOTON) 157
9.4.3 FRANCE 158
9.4.3.1 Packaging industry to drive growth of hot-melt adhesives market 158
TABLE 155 FRANCE: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (USD MILLION) 158
TABLE 156 FRANCE: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (USD MILLION) 159
TABLE 157 FRANCE: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (KILOTON) 159
TABLE 158 FRANCE: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (KILOTON) 159
9.4.4 ITALY 160
9.4.4.1 Developed furniture manufacturing industry to create growth opportunities 160
TABLE 159 ITALY: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (USD MILLION) 160
TABLE 160 ITALY: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (USD MILLION) 161
TABLE 161 ITALY: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (KILOTON) 161
TABLE 162 ITALY: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (KILOTON) 161
9.4.5 UK 162
9.4.5.1 Innovative and energy-efficient technology in household appliances to increase demand 162
TABLE 163 UK: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (USD MILLION) 162
TABLE 164 UK: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (USD MILLION) 163
TABLE 165 UK: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (KILOTON) 163
TABLE 166 UK: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (KILOTON) 163
9.4.6 SPAIN 164
9.4.6.1 Rapid urbanization, rising standards of living, and growing middle-class population to boost demand 164
TABLE 167 SPAIN: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (USD MILLION) 164
TABLE 168 SPAIN: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (USD MILLION) 165
TABLE 169 SPAIN: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (KILOTON) 165
TABLE 170 SPAIN: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (KILOTON) 165
9.4.7 REST OF EUROPE 165
TABLE 171 REST OF EUROPE: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (USD MILLION) 166
TABLE 172 REST OF EUROPE: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (USD MILLION) 166
TABLE 173 REST OF EUROPE: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (KILOTON) 166
TABLE 174 REST OF EUROPE: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (KILOTON) 167
9.5 SOUTH AMERICA 167
9.5.1 IMPACT OF RECESSION 167
FIGURE 38 SOUTH AMERICA: HOT-MELT ADHESIVES MARKET SNAPSHOT 168
TABLE 175 SOUTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY RESIN TYPE, 2019–2023 (USD MILLION) 168
TABLE 176 SOUTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY RESIN TYPE, 2024–2029 (USD MILLION) 169
TABLE 177 SOUTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY RESIN TYPE, 2019–2023 (KILOTON) 169
TABLE 178 SOUTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY RESIN TYPE, 2024–2029 (KILOTON) 169
TABLE 179 SOUTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (USD MILLION) 170
TABLE 180 SOUTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (USD MILLION) 170
TABLE 181 SOUTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (KILOTON) 170
TABLE 182 SOUTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (KILOTON) 171
TABLE 183 SOUTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY COUNTRY, 2019–2023 (USD MILLION) 171
TABLE 184 SOUTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY COUNTRY, 2024–2029 (USD MILLION) 171
TABLE 185 SOUTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY COUNTRY, 2019–2023 (KILOTON) 172
TABLE 186 SOUTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY COUNTRY, 2024–2029 (KILOTON) 172
9.5.2 BRAZIL 172
9.5.2.1 Growing manufacturing sector to fuel demand 172
TABLE 187 BRAZIL: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (USD MILLION) 173
TABLE 188 BRAZIL: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (USD MILLION) 173
TABLE 189 BRAZIL: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (KILOTON) 174
TABLE 190 BRAZIL: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (KILOTON) 174
9.5.3 ARGENTINA 174
9.5.3.1 Strategic Industrial Plan 2020 supporting hot-melt adhesives market growth 174
TABLE 191 ARGENTINA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (USD MILLION) 175
TABLE 192 ARGENTINA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (USD MILLION) 175
TABLE 193 ARGENTINA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (KILOTON) 175
TABLE 194 ARGENTINA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (KILOTON) 176
9.5.4 REST OF SOUTH AMERICA 176
TABLE 195 REST OF SOUTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (USD MILLION) 176
TABLE 196 REST OF SOUTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (USD MILLION) 177
TABLE 197 REST OF SOUTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2023 (KILOTON) 177
TABLE 198 REST OF SOUTH AMERICA: HOT-MELT ADHESIVES MARKET SIZE, BY APPLICATION, 2024–2029 (KILOTON) 177