The Global Automotive Hot Melt Adhesives Market is expected to grow at a CAGR during the forecasting period (2021-2028).
Hot melt adhesives are formulations based on thermoplastic polymers that can be softened and reshaped on heating above their melting point. These adhesives are applied to the material in a liquid state and offer easy to clean application with minimum toxicity. The major trend witnessed in the automotive hot melt adhesives market is switching from traditional techniques to new assembly methods by automobile manufacturers. Growth in commercial and passenger vehicles is expected to drive market growth during the forecast period.
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High usage in carpets and headliners to withstand high vibration
The hot-melt adhesive has found many automobile applications, including carpets, headliners, engines, transmission, radiators, batteries, seats, and many more. Many applications in automobiles require high heat-resistant materials that can hold the parts together and sustain them for a long time. Carpets face movement push and high heat every day, which require strong adhesion. Also, cargo and passenger movement makes it even difficult for the carpet to stick to the bottom. The headliner also faces high heat in arid regions, which further puts pressure on adhesive. In Arid climate regions, roof temperature reaches more than normal and requires hot-melt adhesive to withstand high temperatures. The automobile body is also fitted with a hot-melt adhesive that holds doors and panels. In September 2019, Lecta launched a new Adestor Hot melt adhesive range, which can be used in automobile, food, and packaging applications.
However, instability in raw materials’ cost is the major restraint factor limiting the global automotive hot melt adhesives market. The volatile cost of raw materials such as ethylene-vinyl acetate, thermoplastic rubber, polyolefin, and polyamide, among others, affects the market’s growth in hot melt adhesives manufacturing.
By Product Type
Bulk Hot Melt
By Material Type
Ethylene-vinyl Acetate (EVA)
Polyolefin (PO, APO/APAO)
The Middle East and Africa
The global automotive hot melt adhesives market is highly competitive with existing players in the market. 3M, Sika AG, H.B. Fuller, Avery Dennison Corporation are the leading market players with prominent market sizes. Companies use different strategies such as portfolio expansion, product diversification, and new product launch to increase their market penetration. The companies enter into collaborations, mergers, strategic partnerships, and acquisitions to increase the demand for automotive hot melt adhesives and their expansion. For instance, In June 2019, Jowat SE, a high-performance adhesive manufacturer, introduced PUR technology to manufacture hot melt adhesives. The process helps achieve HMA’s with effective long-term resistance, superior bond strength, and high heat resistance.
Sai Kiran Sales Manager at DataM Intelligence Email: [email protected] Tel: +1 877 441 4866 Website: www.datamintelligence.com