Polyester Hot Melt Adhesives Industry

According to a recent report by Grand View Research, Inc., the global polyester hot melt adhesives market is expected to attain a value of USD 695.1 million by the year 2027. The market is projected to grow at a compound annual growth rate (CAGR) of 8.7% in terms of revenue throughout the forecast period. This growth is largely attributed to the expanding middle- and upper-middle-class populations in emerging economies such as India and Brazil, which is fostering significant growth in the packaging industry. As disposable incomes rise, there is a growing demand for packaged goods, thus fueling the requirement for efficient and high-performance adhesive solutions.

The transformation in the global retail landscape has also played a pivotal role in increasing the demand for packaging materials. The proliferation of modern retail formats and the expansion of organized retail chains have driven higher usage of ready-to-use and pre-packaged products. Furthermore, rapid developments in the e-commerce sector, observed in both developed and emerging nations, have contributed to a substantial shift in consumer behavior, moving from traditional brick-and-mortar retail to digital shopping platforms. This shift is expected to generate a surge in indirect demand for adhesive materials used in packaging, storage, and shipment, thereby driving market growth over the forecast period.

Pharmaceutical packaging has emerged as one of the most promising and rapidly growing end-use industries for polyester hot melt adhesives. The sector is anticipated to witness strong expansion over the next several years, supported by advancements in biotechnology and increasing demand for biologic drugs. These trends are driving the need for high-quality pharmaceutical packaging solutions, such as pre-fillable syringes and parenteral vials, which require reliable adhesive bonding. As these applications continue to grow, they are expected to positively influence long-term demand for polyester hot melt adhesives.

One of the key advantages of polyester hot melt adhesives over traditional water- and solvent-based alternatives is their fast setting time, which enhances production efficiency. Additionally, these adhesives offer excellent bonding strength and are compatible with a wide variety of surface materials including plastic, board, and paper. Such features make them particularly well-suited for the packaging industry, where versatility, speed, and strong adhesion are critical.

In the automotive industry, polyester hot melt adhesives are utilized at multiple stages along the production line due to their beneficial properties. These adhesives provide strong bonding, excellent heat resistance, low volatile organic compound (VOC) emissions, and adaptability to various application methods such as engraved roller, multi-roller, and scatter coating processes. They are commonly used for bonding components such as textile convertible roofs, trunk linings, emblems, seat assemblies, and air filter attachments. An added advantage is their ability to remain flexible and effective even at lower operating temperatures, which is crucial for vehicle durability.

The Asia Pacific region is projected to remain the largest consumer of polyester hot melt adhesive products over the forecast period. This can be attributed to several key factors, including the large-scale textile production in countries such as China, India, and Bangladesh. In addition, rising demand for consumer durables and the presence of a vast and growing consumer base in Southeast Asian nations are further contributing to increased product consumption. As industrialization and manufacturing activities continue to expand across the region, demand for polyester hot melt adhesives is expected to follow suit.

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Polyester Hot Melt Adhesives Market Segments Highlights:

  • In terms of both revenue and volume, textiles and fabrics was the largest application segment in 2019. It was valued at USD 120.9 million in 2019. The growth is attributed to the requirement of increasing demand from yarns and fabrics in textiles and footwear industries
  • Increasing demand for attractive labels to gain the attention of customers is projected to benefit the packaging application segment. The segment is expected to expand at a CAGR of 4.5% from 2020 to 2027, in terms of volume
  • Numerous industries including automotive, packaging, electrical and electronic, and textile, which are the key consumers of polyester hot melt adhesives have witnessed a decline in demand due to temporary closures of dealerships and disruptions in the supply chain amid the COVID-19 pandemic
  • Europe accounted for a volume share of 21.4% in the market. The growing flexible packagingmarket in Europe is anticipated to drive the demand

Polyester Hot Melt Adhesives Market Report Segmentation

Grand View Research has segmented the global polyester hot melt adhesives market based on application and region:

Polyester Hot Melt Adhesives Application Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)

  • Packaging
  • Textiles & fabrics
  • Automotive
  • Electrical & electronics
  • Polymer films & foils
  • Others

Polyester Hot Melt Adhesives Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
  • Central and South America
    • Brazil
  • Middle East & Africa

Key Polyester Hot Melt Adhesives Company Insights

  • Bostik
  • B. Fuller
  • 3M
  • Avery Dennison Corporation
  • Dow Inc.
  • Sika AG

Order a free sample PDF of the Polyester Hot Melt Adhesives Market Intelligence Study, published by Grand View Research.