Asia Pacific Hot Melt Glue Gun Market
The Asia Pacific hot melt glue gun market is a highly fragmented market with the presence of considerable regional and local players providing numerous solutions for companies investing in the market arena. Hot glue guns are portable adhesive dispensing devices that use and dispense hot melt adhesives. Hot melt thermoplastics were invented in the 1940s in the form of tubular sticks as an upgradation and improvement over water-based adhesives, which deteriorate when exposed to humidity. Industrial hot glue guns provide various advantages such as it dries rapidly and strongly, minimizing the time it takes for the product to be completed, and it is disposed by the hot glue gun. Hot melt also has the advantage of not losing any thickness when drying. This makes it extremely useful in some business projects (such as woodworking). There are numerous varieties of industrial hot melt and industrial hot melt guns available to meet the needs of diverse industries. Further, hot melt adhesives can even be applied by dipping or spraying. The hot melt adhesives dispensed by the hot glue gun use water-based technology, in which water is utilized as a diluting medium and is intended to be absorbed by the substrate, thereby lowering volatile organic compound (VOC) emissions. Furthermore, since hot melt technology forms a quick bond, it is used in highly automated manufacturing processes such as packing, assembly, bookbinding, converting, footwear, and others. However, solvent-based adhesives, are subject to regulatory restrictions on solvent emissions, waste disposal, and manufacturing vapour levels. Many solvent solutions are combustible, requiring safety and health-management procedures. As a result, the advantages of hot melt glue gun over solvent- based adhesives or other fasteners in industrial applications has been projected to propel the growth of the hot melt glue gun market.
In case of COVID-19, in Asia Pacific, especially India, witnessed an unprecedented rise in number of coronavirus cases, which led to the discontinuation of hot melt glue gun manufacturing activities. Downfall of other chemical and materials manufacturing sectors has negatively impacted the demand for hot melt glue gun during the early months of 2020. Moreover, decline in the overall adhesives & sealants manufacturing activities has led to discontinuation of hot melt glue gun manufacturing projects, thereby reducing the demand for hot melt glue gun. Similar trend was witnessed in other Asia Pacific countries, i.e., Japan, China and Australia. However, the countries are likely to overcome thus drop in demand with the economic activities regaining their pace, especially in the beginning of the 2021.
Strategic insights for the Asia Pacific Hot Melt Glue Gun provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 198.72 Million |
| Market Size by 2028 | US$ 293.20 Million |
| Global CAGR (2021 - 2028) | 5.7% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Gun Type
|
| Regions and Countries Covered | Asia-Pacific
|
| Market leaders and key company profiles |
The geographic scope of the Asia Pacific Hot Melt Glue Gun refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The hot melt glue gun market in Asia Pacific is expected to grow from US$ 198.72 million in 2021 to US$ 293.20 million by 2028; it is estimated to grow at a CAGR of 5.7% from 2021 to 2028. Many of the Asia Pacific countries, such as China and India, are among the world's fastest growing populations. With a growing population, the automotive, packaging, and construction industries are in high demand in Asia Pacific. With rising output in these sectors, the demand for hot melt glue guns is increasing. The package printing industry is expanding in the Asia Pacific region as a result of its wide range of applications. The existence of established sectors such as food and beverage, consumer electronics, and many others in nations like China, India, Japan, and South Korea has increased demand for printed packaging solutions in the region. The need for package printing has increased as a result of increased consumer expenditure and the growing desire for environmentally friendly items. The rise in processed food consumption, as well as rising technologies for packaging printing, may drive the Asia Pacific hot melt glue gun market. Hot melt glue guns are a high-quality choice for applying labels to food and beverage goods that are free of VOCs. However, it is frequently used to attach labels to non-food items since they have a good grip on paper, plastic, and other labelling materials. Carton sealing is one of the most common uses for industrial hot melts. Hot melts are used in the packing industry to successfully seal boxes and cartons, as well as for pallet sealing and stability.
Based on gun type, the corded segment accounted for the largest share of the Asia Pacific hot melt glue gun market in 2020. Based on application, the packaging segment accounted for the largest share of the Asia Pacific hot melt glue gun market in 2020.
A few major primary and secondary sources referred to for preparing this report on the Asia Pacific hot melt glue gun market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report include Ellsworth Adhesives, 3M, Arkema, Deluxe Packaging, Buhnen GmbH & Co. KG and Adhesives Technologies Inc.
The Asia Pacific Hot Melt Glue Gun Market is valued at US$ 198.72 Million in 2021, it is projected to reach US$ 293.20 Million by 2028.
As per our report Asia Pacific Hot Melt Glue Gun Market, the market size is valued at US$ 198.72 Million in 2021, projecting it to reach US$ 293.20 Million by 2028. This translates to a CAGR of approximately 5.7% during the forecast period.
The Asia Pacific Hot Melt Glue Gun Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Hot Melt Glue Gun Market report:
The Asia Pacific Hot Melt Glue Gun Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific Hot Melt Glue Gun Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific Hot Melt Glue Gun Market value chain can benefit from the information contained in a comprehensive market report.
Office No. 1011, First floor, Farena Corporate Park, Magarpatta-Mundhwa road, Pune - 411028, Maharashtra, India
US:+16467917070
sales@businessmarketinsights.com
Get Free Sample For Asia Pacific Hot Melt Glue Gun Market
