The global reactive hot melt adhesives market size was USD 1.6 billion in 2022 and is projected to reach USD 2.6 billion by 2028, at a CAGR of 7.5% between 2023 and 2028. Superior properties in comparison to conventional adhesives, growing demand for lightweight and low-carbon emitting vehicles, and increasing demand from construction and woodworking industries are the key factors driving the market.
Browse 408 market data Tables and 56 Figures spread through 353 Pages and in-depth TOC on "Reactive Hot Melt Adhesives Market by Resin Type (Polyurethane, Polyolefin), Substrate (Plastic, Wood), Application (Automotive & Transportation, Doors & Windows, Furniture & Upholstery, Lamination, Textile), & Region - Global Forecast to 2028"
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Reactive Hot Melt Adhesives Companies
The key players following the strategies between 2018 to 2023 Henkel AG & Co. KGaA (Germany), The Dow Chemical Company (US), H.B. Fuller Company (US), Jowat SE (Germany), and 3M (US). The companies are majorly following new product launch, acquisition, agreement, collaboration, partnership, innovation, and expansion as the strategy to grow and expand the market.
Henkel has a worldwide presence with a diverse portfolio spanning homecare, laundry, cosmetics, and adhesives. The company is organized into four key segments: Adhesive Technologies, Laundry & Home Care, Beauty Care, and Corporate. Adhesive Technologies, a global leader, produces adhesives, sealants, and functional coatings for consumers, craftsmen, and industrial businesses across various applications. In May 2022, Henkel upgraded its PUR hot melt adhesive solutions for flat pasting and wrapping, launching the outstanding series of flat pasting adhesive TECHNOMELT PUR 4506 and the newly upgraded wrapping adhesive TECHNOMELT PUR 4916.
Detmold-based Jowat SE is a prominent provider of industrial adhesives. The applications span diverse sectors, including woodworking, furniture manufacturing, paper and packaging, graphic arts, textiles, automotive, and the electrical industry. With a workforce of 1,250 employees, this adhesive powerhouse manufactures an impressive 100,000 tons of adhesives annually. Jowat's expansive global sales structure, comprising 23 Jowat sales organizations and partner companies, ensures localized service and close customer connections. In July 2022, Jowat announced a new expansion to its Jowat-Toptherm product line with a new optimized polyolefin (PO) hot melt adhesive, the Jowat-Toptherm 237.50. This new adhesive Toptherm 237.50 may be used in a number of applications. These include special requirements for bonding performance and high esthetic standards such as zero joint appearance requirements. The adhesive has high heat resistance, high bond strength coupled with optimized application amounts, reduced stringing, and a wide range of adhesions make this adhesive a competitor to PUR hot melt systems.
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Polyurethane segment is expected to hold largest share of the reactive hot melt adhesives market during the forecasted period.
Polyurethane reactive (PUR) hot melt systems typically serve as one-component adhesives, rapidly bonding to various substrates. Once applied, PUR initiates cross-linking, achieving 50%-80% of its ultimate bond strength within 3-6 hours, with a complete reactive cure expected within 24-36 hours post-application, influenced by air and substrate moisture conditions. These bonds are very strong and have exceptional heat resistance, cold resistance, and moisture-, cold, and moisture resistance.
Plastic substrate segment hold the largest segment in overall reactive hot melt adhesives market during forecast period.
Reactive hot melt adhesives are used widely on plastic substrates. The unique characteristics of reactive hot melt adhesives make them well-suited for bonding plastic substrates. They provide strong, durable, and efficient adhesion in industries such as automotive and electronics where plastics are widely used. When exposed to heat, reactive hot melt adhesives undergo a reactive process, often involving crosslinking. This results in a bond with enhanced strength and durability, which is crucial for applications with a robust connection, such as in the assembly of plastic components in automotive or electronics.
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Automotive & Transportation is the fastest-growing application of the global reactive hot melt adhesives market during forecasted period.
In the automotive sector, reactive hot melt adhesives find broad application in bonding diverse components, such as plastic and metal parts. They play a crucial role in enhancing structural integrity, reducing noise, and streamlining assembly processes. These adhesives are extensively employed to create lightweight designs, enhance performance, and construct structures using a variety of materials like carbon fiber composites, glass fiber-reinforced composites, aluminum, and other multi-material combinations.
Asia Pacific region likely to account the largest share of the global reactive hot melt adhesives market during forecasted period.
Asia Pacific is one of the largest reactive hot melt adhesives markets, in terms of both value and volume, and is projected to grow significantly during the forecast period. The thriving construction industry, propelled by urbanization and infrastructure development, significantly contributes to the demand for these adhesives. Their applications extend to bonding materials in construction, furniture, and related sectors. Notably, the automotive industry, a key consumer of reactive hot melt adhesives, has witnessed remarkable growth in the Asia Pacific region. The increased utilization of these adhesives for purposes like lightweighting and structural bonding in the automotive manufacturing process has further fueled their demand.
Further, this report also highlights smart strategy adopted by major players and also their market share.
Basically, this report is designed to give a proper understanding of industry structure and competition intensity attractiveness.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
Fuller Company, 3M, Jowat SE, Arkema SA, The Dow Chemical Company, Sika AG, DIC Corporation, Nanpao Resins Chemical Group, Daubert Chemical Company, Klebchemie GMBH & Co. KG, Hitachi Chemical CO., Ltd., Tex Year Industries Inc., Chemence, Cattie Adhesives.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Reactive Hot Melt Adhesives Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/reactive-hot-melt-adhesives-market/download-sampleMarket DynamicsDue to their superior properties over conventional adhesives, reactive hot melt adhesives are gaining popularity across the globe leading to the high demand.
Increasing demand from the packaging and construction sector is boosting the global market.
In the automotive industry, reactive hot melt adhesives are efficiently used in making car seats, while in the electronics industry are widely applied due to their heat resistance properties.
The market size for reactive hot melt adhesives is projected to grow from USD 1.2 Billion in 2020 to USD 1.8 Billion by 2025, at a CAGR of 8.3%.
The global reactive hot melt adhesives market is witnessing high growth on account of growing end-use industries.
The growth in the major end-use industries such automotive, woodworking, and construction industries are leading to the growth of the market.♦ Download PDF Brochure - https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=222009468COVID-19 Impact on the Global Reactive Hot Melt Adhesives MarketAccording to recent updates by the IMF (International Monetary Fund), there will be a recession as bad as the global economic crisis of 2008 or worse in 2020.
The IMF has warned of a total output loss of USD 9 trillion of the world economy between 2020 and 2021.
The extent of the economic damage still depends on how the virus spreads in Europe, the US, and other major economies.According to economists, the Chinese economy is likely to be hit further by reduced global demand for its products due to the effect of the outbreak on economies around the world.
As the pandemic escalates, the growth rate will fall sharply against the backdrop of volatile markets and growing credit stress.Initial data from China suggests that its economy has been hit far harder than projected, although a tentative stabilization has begun.
