At 4.8% CAGR, Middle East & Africa Hot Melt Adhesives Market is Projected to be Worth US$ 443.27 Million by 2030, says Business Market Insights

According to Business Market Insights' research, the Middle East & Africa hot melt adhesives market was valued at US$ 305.26 million in 2022 and is expected to reach US$ 443.27 million by 2030, registering a CAGR of 4.8% from 2022 to 2030. Adoption of bio-based hot-melt adhesives and changing trend from solvent adhesive to hot melt adhesive are among the critical factors attributed to drive the Middle East & Africa hot melt adhesive market growth.

Hot melt adhesives are now used in several end-use industries; however, people demand bio-based and compostable hot melt adhesives that are environmentally friendly. Henkel has developed biobased hot melt adhesives technology, particularly suited for sustainability and circular economy uses. This development is mainly focused on reducing dependency on petroleum-based raw materials and diminishing the carbon footprint of different manufacturing operations. As one of the developers of these biobased hot melt adhesives chemistries, Henkel is looking to improve the way companies enhance their sustainable packaging initiatives. Ethylene vinyl acetate is used in biobased hot melt adhesives due to their eco-friendly & reliable nature. Using biobased and compostable hot melt adhesives, landfills can be saved to a larger extent. Jowatherm GROW is further providing hot melt adhesives based on renewable raw materials. The modern hot melt adhesives offered by the company are made up of bio-based materials and are recyclable. The company also follows German Packaging Law. Furthermore, the high content of renewable raw materials makes these adhesives environment friendly. The lower processing temperature also facilitates a significant amount of reduction of energy consumption, hence, helping in the conservation of resources as well as optimization of the working environment. In August 2019, Jowat announced the launch of its new Jowatherm GROW product range for use in packaging, prepared with bio-based hot melts for environmentally compatible bonding. According to Jowat, these products feature high renewable raw materials content, which will further offer high efficiency of working. Only resins prepared from crude liquid rosin are reportedly utilized in the adhesives' formulation.

On the contrary, low thermal resistance hampers the growth of Middle East & Africa hot melt adhesives market.

Based on product type, the Middle East & Africa hot melt adhesives market is segmented into glue sticks, glue slugs, and others. The glue sticks segment held 65.9% market share in 2022, amassing US$ 201.15 million. It is projected to garner US$ 294.46 million by 2030 to register 4.9% CAGR during 2022-2030.

In terms of type, the Middle East & Africa hot melt adhesives market is segmented into ethylene vinyl acetate, polyolefins, polyamides, polyurethanes, styrene block copolymers, and other. The ethylene vinyl acetate segment held 43.3% share of Middle East & Africa hot melt adhesives market in 2022, amassing US$ 132.10 million. It is anticipated to garner US$ 195.73 million by 2030 to expand at 5.0% CAGR during 2022-2030.

By application, the Middle East & Africa hot melt adhesives market is divided into packaging, construction, automotive, furniture, footwear, electronics, and others. The packaging segment held 30.4% share of Middle East & Africa hot melt adhesives market in 2022, amassing US$ 92.91 million. It is projected to garner US$ 137.19 million by 2030 to expand at 5.0% CAGR from 2022 to 2030.

Based on country, the Middle East & Africa hot melt adhesives market is categorized into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. Our regional analysis states that the Rest of Middle East & Africa captured 37.6% share of Middle East & Africa hot melt adhesives market in 2022. It was assessed at US$ 114.68 million in 2022 and is likely to hit US$ 166.33 million by 2030, registering a CAGR of 4.8% during 2022-2030.

Key players operating in the Middle East & Africa hot melt adhesives market are H.B. Fuller Company; Henkel AG & COMPANY, KGAA; Arkema; 3M; Sika AG; Jowat SE; Hexcel Corporation; The Dow Chemical Company; Beardow Adams; Gorilla Glue Company; and Adhesive Technologies, Inc. among others.

• In November-2020, H.B. Fuller launched an innovative hot melt adhesive, Full-Care 5885, to meet the industry's growing demand for natural-based hygiene articles. The product provides a robust solution for customers looking for more natural-based products.
  
  
• In May-2021, Henkel AG & Co. KGaA launched the industry's first bio-based polyurethane reactive (PUR) hot melt adhesive. The product LOCTITE HHD 3544F is designed for consumer electronics assembly.
  
  
• In February-2021, Henkel AG & Co. KGaA launched sustainable packaging hot melt adhesives in a successful partnership with Dow. This new Technomelt Supra ECO range of products has been developed to enable customers to reach their sustainability goals.
  
  
• In January-2020, Bostik launched Thermogrip 2356, a new product line for label adhesive, which is specially designed to enhance production line efficiencies and enable sustainable packaging for quick-service restaurant applications. The product is formulated with hot melt pressure-sensitive adhesive technology.
  
  
• In August-2019, Jowat SE launched a new Jowatherm GROW product range. These products are bio-based hot melts for environmentally friendly packages.
  
  

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