The global copolyester hot melt adhesives and resins market size was USD 356.68 Million in 2022 and is expected to register a rapid revenue CAGR of 7.1% during the forecast period, according to latest analysis by Emergen Research. Rising demand from the packaging industry and automotive applications and rising consumer interest towards sustainable ecological alternatives, as well as technological advancements in product design of copolyester hot melt adhesives and resins are key factors driving market revenue growth.
The CoPolyester Hot Melt Adhesives and Resins market drivers and restraints Market report covers the scope of individual applications and types in each region. The report also covers details about production and consumption patterns, technological developments, revenue growth, market size, market share, key trends and demands influencing market growth in the region, and robust presence of key players in the region.
These polymers enable development of resins and adhesives with various but distinct physical properties and performance specifications, depending on their composition and design. Adhesives made of hotmelt copolyester are solid at ambient temperature, liquefy when heated, and solidify again when cooled. They are thermoplastic adhesives that are entirely non-volatile, can withstand high temperatures and have a high chemical tolerance to water and plasticizer movement. Companies, such as Bostik, creates and manufactures its own copolyester polymers and can offer hotmelt copolyester adhesives in a variety of forms for every application method.
Flexible food and medical packaging, can coatings, and metallized paper packaging all benefit from saturated copolyester resins. They can also be used as raw ingredients or additives in various flexible packaging applications, including foiled primer, pre-print priming, printing ink, overprint varnish, and foil coatings. Adhesives have only recently begun to contain Polyurethane (PUR) foam and other copolyesters, which are extensively used in packaging, woodwork, and shoes. They are more stronger and flexible than traditional hot melt adhesives and resistant to a wide range of heat conditions, making them ideal for substrates that are challenging to bind. However, one of the significant challenges hindering market revenue growth is high costs of copolyester hot melt adhesives and resins, stringent government regulations as well as lack of standardization. Purchase of air-cleaning equipment is now mandated by law to maintain compliance with acceptable emission levels. Flame bonding of PUR foam becomes considerably more expensive when maintenance and purging media disposal charges are added.
The major companies Covered in the report are:
Bostik, Henkel Corporation, H.B. Fuller Company, ROWAK AG, Guangzhou Wei Wang Hot Melt Adhesive Technology Co., Ltd.., 3M, Dow Inc., Avery Dennision Corporation, Sika AG, and Eastman Chemical Company.
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Emergen Research has segmented the global copolyester hot melt adhesives and resins market based on application, distribution channel, and region:
- Application Outlook (Revenue, USD Million; 2019-2030)
- Packaging
- Textiles Fabrics
- Automotive
- Electrical Electronics
- Polymer Films Rolls
- Others
- Distribution Channel Outlook (Revenue, USD Million; 2019-2030)
- Retailers
- E-Commerce Platforms
- Others
- Regional Outlook (Revenue, USD Million; 2019-2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East Africa
- Saudi Arabia
- UAE
- South Africa
- Turkey
- Rest of Middle East Africa
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Key highlights of this research report:
- The E-Commerce platforms segment accounted for largest revenue share in 2021. Consumers are turning to e-commerce websites to purchase from a large selection of options and take advantage of offers and discounts to avoid the inconvenience of physical shopping. E-commerce is changing the way that people buy and sell baby products, including training diapers. E-commerce websites have several benefits over other types of sales channels, in terms of product accessibility, affordability, transportation patterns, and many other important elements. This trend has been further intensified by the outbreak of pandemic. Consumers started to gravitate toward internet buying as a result of self-quarantine and social isolation practices. In addition, growth is also being supported by presence of numerous major international packaging companies, including Amcor, International Paper Company, and Crown Holdings, among many others, which significantly drives revenue growth of this segment.
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