Reactive Hot Melt Adhesives Market Size Worth $2.99 Billion By 2032 | CAGR: 6.7%

The global reactive hot melt adhesives market size is expected to reach USD 2.99 billion by 2032, according to a new study by Polaris Market Research. The report “Reactive Hot Melt Adhesives Market Share, Size, Trends, Industry Analysis Report, By Resin Type (Polyurethane, Polyolefin, Others); By Type; By Substrate; By Application; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Reactive hot melt adhesives are a type of polymer-based adhesive widely used to bond thermoplastic foils due to their low processing temperatures. Material bonding becomes strong after cooling and enhances the bonding with higher heat resistance and increased durability compared to traditional hot melt adhesives. Furthermore, reactive hot melt adhesives are gaining traction due to their sustainability, as they contain zero or no volatile organic compounds (VOC) content. 

The ongoing research studies focusing on finding applications and reactive hot melt adhesives in a wide range of applications are showing a positive outlook. For instance, Jowar introduced Jowatherm-Reaktant, a certified bio-based polyurethane reactive hot melt adhesive, to its GROW product line for textile lamination.

With the growing mergers and acquisitions with a view to enhancing their global market presence and gaining a competitive advantage in research and innovation activities, major players are adopting new strategies in the marketplace, contributing to the significant growth in the reactive hot melt adhesives market. For instance, in September 2023, H.B. Fuller acquired the industrial adhesives company, Business of Sanglier Limited, in the UK. 

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Companies are adopting key strategies to meet ongoing industrial demand for reactive hot-melt adhesives. For instance, in 2023, Henkel’s new PUR Hot Melt Adhesive Reactor at Shanghai's Dragon Factory officially started production. This will enhance the supply chain in the region, contributing to the expansion of the market for reactive hot melt adhesives.

The rapid adoption of polyurethane reactive hot melt adhesives is enhancing innovations, leading to the emergence of caprolactone technology in reactive hot melt adhesives. Based on a 2023 study, the caprolactone polyols produced low viscosity in adhesives with improved substrate wetting and enhanced processing conditions.

Reactive Hot Melt Adhesives Market Report Highlights

• Polyurethane segment is anticipated to witness the highest growth in the coming years due to its rigidity and flexibility.
• Plastic segment accounted for the largest market share owing to the increasing demand for adhesives with the potential to combine plastics.
• Automotive & Transportation Doors & Windows segment is projected to experience a larger revenue share due to the sustainability of reactive hot melt adhesives.
• North America is expected to have the fastest growth during the forecast period owing to the increasing expansion activities in the region.
• The global players include 3M Company, Avery Dennison, Beardow & Adams, Bostik Inc, DOW Corning, H. B. Fuller, Henkel, Huate, Jowat, Kleiberit, & Nanpao.

Polaris Market Research has segmented the reactive hot melt adhesives market report based on resin type, type, substrate, application and region:

Reactive Hot Melt Adhesives, Resin Type Outlook (Revenue - USD Billion, 2019 - 2032)

• Polyurethane
• Polyolefin
• Others

Reactive Hot Melt Adhesives, Type Outlook (Revenue - USD Billion, 2019 - 2032)

• High Temperature
• Low Temperature

Reactive Hot Melt Adhesives, Substrate Outlook (Revenue - USD Billion, 2019 - 2032)

• Plastic
• Wood
• Others

Reactive Hot Melt Adhesives, Application Outlook (Revenue - USD Billion, 2019 - 2032)

• Automotive & Transportation Doors & Windows
• Furniture & Upholstery
• Lamination
• Textile
• Assembly
• Others

Reactive Hot Melt Adhesives, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
• Latin America
  • Argentina
  • Brazil
  • Mexico
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

Reactive Hot Melt Adhesives Market Report Scope