Research Overview

Hot melt adhesives (HMAs) are a major component in packaging, nonwovens, furniture, automotive, construction, bookbinding, and other applications. HMAs have multiple advantages over other adhesive formulations, such as faster drying and setting, cost-effectiveness, and low volatile organic compound (VOC) emissions. Because HMAs have longer shelf lives, minimal waste, simpler application methods and are cheaper than solvent- and water-based adhesives, their market growth will be significant during the next 7 years.

Since 2020, the COVID-19 pandemic has adversely affected the supply chain for the global HMAs market. The frequent unavailability of shipping facilities, shutdowns at manufacturing plants and warehousing facilities, and interrupted raw material supply have caused increases in labor prices as well as transportation and ocean freight costs. Additionally, the Russo-Ukrainian War is impacting HMAs’ raw material prices and supply chain. Considering these macroeconomic factors, HMA manufacturers must develop effective strategies to manage the timeliness, pricing, and quality of their inventories for the next few years.