North America Hot Melt Adhesives Market Size, Share & Trends Analysis Report By Product (Ethylene-vinyl Acetate (EVA), Polyurethane, Rubber, Polyolefin and Others), By Application, By Country and Growth Forecast, 2024 - 2031

The North America Hot Melt Adhesives Market would witness market growth of 4.2% CAGR during the forecast period (2024-2031). In the year 2020, the North America market's volume surged to 533.0 Kilo Tonnes, showcasing a growth of 13.2% (2020-2023).

By incorporating rubber by-products, adhesives gain improved flexibility, impact resistance, and adhesion to diverse substrates, making them suitable for a wide range of applications across industries such as automotive, construction, packaging, and electronics. These by-products, derived from the rubber manufacturing process, are often transformed into additives or modifiers that enhance the adhesive's properties. Therefore, the Canada region used 25.8 Kilo Tonnes of rubber by product in the market in 2023.

The US market dominated the North America Hot Melt Adhesives Market by Country in 2023 and would continue to be a dominant market till 2031; thereby, achieving a market value of $2,078.5 Million by 2031. The Canada market is experiencing a CAGR of 6.5% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 5.6% during (2024 - 2031).

Hot melt adhesives are utilized in the footwear and textile industries for bonding shoe components, fabric lamination, seam sealing, and decorative applications. They offer durable bonds while maintaining flexibility and comfort in finished products. Hot melt adhesives are employed in electronics manufacturing for bonding components, sealing enclosures, and potting electronic assemblies. They provide reliable protection against moisture, dust, and other environmental factors, enhancing the longevity and performance of electronic devices.

Moreover, there is a growing demand for hot melt adhesives with enhanced performance characteristics, such as higher temperature resistance, improved bonding strength, and greater flexibility. Manufacturers are investing in research and development to develop innovative formulations that meet the stringent requirements of various industries, including automotive, aerospace, and electronics. Sustainability is a major driving force in the hot melt adhesives market. Manufacturers increasingly focus on developing eco-friendly formulations that reduce environmental impact and meet regulatory requirements. This includes using renewable raw materials, bio-based polymers, and solvent-free formulations to minimize emissions and waste.

In November 2023, Canadian manufacturing sales increased by 1.2% to $71.7 billion, as reported by Statistics Canada. The robust growth of manufacturing industries in Canada, including automotive, packaging, construction, woodworking, and textiles, fuels the demand for hot melt adhesives. Hot melt adhesives offer fast curing times, high bond strength, and efficient application methods, supporting productivity and efficiency gains in manufacturing processes in Canada. Canadian manufacturers seek adhesive solutions that improve production throughput, reduce assembly time, and enhance product quality, driving demand for hot melt adhesives. The construction sector in Canada utilizes hot melt adhesives for various applications such as insulation, flooring, roofing, and panel bonding.

Free Valuable Insights: The Hot Melt Adhesives Market is Predict to reach USD 11.7 Billion by 2031, at a CAGR of 4.7%

Based on Product, the market is segmented into Ethylene-vinyl Acetate (EVA), Polyurethane, Rubber, Polyolefin and Others. Based on Application, the market is segmented into Packaging, Assembly, Woodworking, Automotive, Nonwovens and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

List of Key Companies Profiled

• Henkel AG & Company, KGaA
• H.B. Fuller Company
• The Dow Chemical Company
• Sika AG
• Arkema S.A.
• Ashland Inc.
• Avery Dennison Corporation
• Jowat SE
• Evonik Industries AG (RAG-Stiftung)
• 3M Company

North America Hot Melt Adhesives Market Report Segmentation

By Product (Volume, Kilo Tonnes, USD Billion, 2020-2031)

• Ethylene-vinyl Acetate (EVA)
• Polyurethane
• Rubber
• Polyolefin
• Others

By Application (Volume, Kilo Tonnes, USD Billion, 2020-2031)

• Packaging
• Assembly
• Woodworking
• Automotive
• Nonwovens
• Others

By Country (Volume, Kilo Tonnes, USD Billion, 2020-2031)

• US
• Canada
• Mexico
• Rest of North America

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Hot Melt Adhesives Market, by Product
1.4.2 North America Hot Melt Adhesives Market, by Application
1.4.3 North America Hot Melt Adhesives Market, by Country
1.5 Methodology for the research

Chapter 2. Market at a Glance
2.1 Key Highlights

Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges

Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.2.4 Geographical Expansion and Business Expansion
4.3 Top Winning Strategies
4.3.1 Key Leading Strategies: Percentage Distribution (2020-2024)
4.3.2 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2020, Apr – 2024, Mar) Leading Players
4.4 Porter’s Five Forces Analysis

Chapter 5. North America Hot Melt Adhesives Market by Product
5.1 North America Ethylene-vinyl Acetate (EVA) Market by Country
5.2 North America Polyurethane Market by Country
5.3 North America Rubber Market by Country
5.4 North America Polyolefin Market by Country
5.5 North America Others Market by Country

Chapter 6. North America Hot Melt Adhesives Market by Application
6.1 North America Packaging Market by Country
6.2 North America Assembly Market by Country
6.3 North America Woodworking Market by Country
6.4 North America Automotive Market by Country
6.5 North America Nonwovens Market by Country
6.6 North America Others Market by Country

Chapter 7. North America Hot Melt Adhesives Market by Country
7.1 US Hot Melt Adhesives Market
7.1.1 US Hot Melt Adhesives Market by Product
7.1.2 US Hot Melt Adhesives Market by Application
7.2 Canada Hot Melt Adhesives Market
7.2.1 Canada Hot Melt Adhesives Market by Product
7.2.2 Canada Hot Melt Adhesives Market by Application
7.3 Mexico Hot Melt Adhesives Market
7.3.1 Mexico Hot Melt Adhesives Market by Product
7.3.2 Mexico Hot Melt Adhesives Market by Application
7.4 Rest of North America Hot Melt Adhesives Market
7.4.1 Rest of North America Hot Melt Adhesives Market by Product
7.4.2 Rest of North America Hot Melt Adhesives Market by Application

Chapter 8. Company Profiles
8.1 Henkel AG & Company, KGaA
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expense
8.1.5 Recent strategies and developments:
8.1.5.1 Partnerships, Collaborations, and Agreements:
8.1.5.2 Acquisition and Mergers:
8.1.5.3 Geographical Expansions:
8.1.6 SWOT Analysis
8.2 H.B. Fuller Company
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expense
8.2.5 Recent strategies and developments:
8.2.5.1 Partnerships, Collaborations, and Agreements:
8.2.5.2 Product Launches and Product Expansions:
8.2.5.3 Acquisition and Mergers:
8.2.6 SWOT Analysis
8.3 The Dow Chemical Company
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expenses
8.3.5 Recent strategies and developments:
8.3.5.1 Partnerships, Collaborations, and Agreements:
8.3.5.2 Product Launches and Product Expansions:
8.3.6 SWOT Analysis
8.4 Sika AG
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expenses
8.4.5 Recent strategies and developments:
8.4.5.1 Partnerships, Collaborations, and Agreements:
8.4.6 SWOT Analysis
8.5 Arkema S.A.
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expenses
8.5.5 SWOT Analysis
8.6 Ashland Inc.
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Research & Development Expenses
8.6.5 Recent strategies and developments:
8.6.5.1 Product Launches and Product Expansions:
8.6.6 SWOT Analysis
8.7 Avery Dennison Corporation
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Research & Development Expenses
8.7.5 SWOT Analysis
8.8 Jowat SE
8.8.1 Company Overview
8.8.2 Recent strategies and developments:
8.8.2.1 Partnerships, Collaborations, and Agreements:
8.8.2.2 Product Launches and Product Expansions:
8.8.3 SWOT Analysis
8.9 Evonik Industries AG (RAG-Stiftung)
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Segmental and Regional Analysis
8.9.4 Research & Development Expenses
8.9.5 Recent strategies and developments:
8.9.5.1 Product Launches and Product Expansions:
8.9.6 SWOT Analysis
8.10. 3M Company
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Segmental and Regional Analysis
8.10.4 Research & Development Expense
8.10.5 SWOT Analysis

TABLE 1 North America Hot Melt Adhesives Market, 2020 - 2023, USD Million
TABLE 2 North America Hot Melt Adhesives Market, 2024 - 2031, USD Million
TABLE 3 North America Hot Melt Adhesives Market, 2020 - 2023, Kilo Tonnes
TABLE 4 North America Hot Melt Adhesives Market, 2024 - 2031, Kilo Tonnes
TABLE 5 Partnerships, Collaborations and Agreements– Hot Melt Adhesives Market
TABLE 6 Product Launches And Product Expansions– Hot Melt Adhesives Market
TABLE 7 Acquisition and Mergers– Hot Melt Adhesives Market
TABLE 8 Geographical Expansion and Business Expansion– Hot Melt Adhesives Market
TABLE 9 North America Hot Melt Adhesives Market by Product, 2020 - 2023, USD Million
TABLE 10 North America Hot Melt Adhesives Market by Product, 2024 - 2031, USD Million
TABLE 11 North America Hot Melt Adhesives Market by Product, 2020 - 2023, Kilo Tonnes
TABLE 12 North America Hot Melt Adhesives Market by Product, 2024 - 2031, Kilo Tonnes
TABLE 13 North America Ethylene-vinyl Acetate (EVA) Market by Country, 2020 - 2023, USD Million
TABLE 14 North America Ethylene-vinyl Acetate (EVA) Market by Country, 2024 - 2031, USD Million
TABLE 15 North America Ethylene-vinyl Acetate (EVA) Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 16 North America Ethylene-vinyl Acetate (EVA) Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 17 North America Polyurethane Market by Country, 2020 - 2023, USD Million
TABLE 18 North America Polyurethane Market by Country, 2024 - 2031, USD Million
TABLE 19 North America Polyurethane Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 20 North America Polyurethane Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 21 North America Rubber Market by Country, 2020 - 2023, USD Million
TABLE 22 North America Rubber Market by Country, 2024 - 2031, USD Million
TABLE 23 North America Rubber Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 24 North America Rubber Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 25 North America Polyolefin Market by Country, 2020 - 2023, USD Million
TABLE 26 North America Polyolefin Market by Country, 2024 - 2031, USD Million
TABLE 27 North America Polyolefin Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 28 North America Polyolefin Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 29 North America Others Market by Country, 2020 - 2023, USD Million
TABLE 30 North America Others Market by Country, 2024 - 2031, USD Million
TABLE 31 North America Others Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 32 North America Others Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 33 North America Hot Melt Adhesives Market by Application, 2020 - 2023, USD Million
TABLE 34 North America Hot Melt Adhesives Market by Application, 2024 - 2031, USD Million
TABLE 35 North America Hot Melt Adhesives Market by Application, 2020 - 2023, Kilo Tonnes
TABLE 36 North America Hot Melt Adhesives Market by Application, 2024 - 2031, Kilo Tonnes
TABLE 37 North America Packaging Market by Country, 2020 - 2023, USD Million
TABLE 38 North America Packaging Market by Country, 2024 - 2031, USD Million
TABLE 39 North America Packaging Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 40 North America Packaging Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 41 North America Assembly Market by Country, 2020 - 2023, USD Million
TABLE 42 North America Assembly Market by Country, 2024 - 2031, USD Million
TABLE 43 North America Assembly Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 44 North America Assembly Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 45 North America Woodworking Market by Country, 2020 - 2023, USD Million
TABLE 46 North America Woodworking Market by Country, 2024 - 2031, USD Million
TABLE 47 North America Woodworking Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 48 North America Woodworking Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 49 North America Automotive Market by Country, 2020 - 2023, USD Million
TABLE 50 North America Automotive Market by Country, 2024 - 2031, USD Million
TABLE 51 North America Automotive Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 52 North America Automotive Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 53 North America Nonwovens Market by Country, 2020 - 2023, USD Million
TABLE 54 North America Nonwovens Market by Country, 2024 - 2031, USD Million
TABLE 55 North America Nonwovens Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 56 North America Nonwovens Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 57 North America Others Market by Country, 2020 - 2023, USD Million
TABLE 58 North America Others Market by Country, 2024 - 2031, USD Million
TABLE 59 North America Others Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 60 North America Others Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 61 North America Hot Melt Adhesives Market by Country, 2020 - 2023, USD Million
TABLE 62 North America Hot Melt Adhesives Market by Country, 2024 - 2031, USD Million
TABLE 63 North America Hot Melt Adhesives Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 64 North America Hot Melt Adhesives Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 65 US Hot Melt Adhesives Market, 2020 - 2023, USD Million
TABLE 66 US Hot Melt Adhesives Market, 2024 - 2031, USD Million
TABLE 67 US Hot Melt Adhesives Market, 2020 - 2023, Kilo Tonnes
TABLE 68 US Hot Melt Adhesives Market, 2024 - 2031, Kilo Tonnes
TABLE 69 US Hot Melt Adhesives Market by Product, 2020 - 2023, USD Million
TABLE 70 US Hot Melt Adhesives Market by Product, 2024 - 2031, USD Million
TABLE 71 US Hot Melt Adhesives Market by Product, 2020 - 2023, Kilo Tonnes
TABLE 72 US Hot Melt Adhesives Market by Product, 2024 - 2031, Kilo Tonnes
TABLE 73 US Hot Melt Adhesives Market by Application, 2020 - 2023, USD Million
TABLE 74 US Hot Melt Adhesives Market by Application, 2024 - 2031, USD Million
TABLE 75 US Hot Melt Adhesives Market by Application, 2020 - 2023, Kilo Tonnes
TABLE 76 US Hot Melt Adhesives Market by Application, 2024 - 2031, Kilo Tonnes
TABLE 77 Canada Hot Melt Adhesives Market, 2020 - 2023, USD Million
TABLE 78 Canada Hot Melt Adhesives Market, 2024 - 2031, USD Million
TABLE 79 Canada Hot Melt Adhesives Market, 2020 - 2023, Kilo Tonnes
TABLE 80 Canada Hot Melt Adhesives Market, 2024 - 2031, Kilo Tonnes
TABLE 81 Canada Hot Melt Adhesives Market by Product, 2020 - 2023, USD Million
TABLE 82 Canada Hot Melt Adhesives Market by Product, 2024 - 2031, USD Million
TABLE 83 Canada Hot Melt Adhesives Market by Product, 2020 - 2023, Kilo Tonnes
TABLE 84 Canada Hot Melt Adhesives Market by Product, 2024 - 2031, Kilo Tonnes
TABLE 85 Canada Hot Melt Adhesives Market by Application, 2020 - 2023, USD Million
TABLE 86 Canada Hot Melt Adhesives Market by Application, 2024 - 2031, USD Million
TABLE 87 Canada Hot Melt Adhesives Market by Application, 2020 - 2023, Kilo Tonnes
TABLE 88 Canada Hot Melt Adhesives Market by Application, 2024 - 2031, Kilo Tonnes
TABLE 89 Mexico Hot Melt Adhesives Market, 2020 - 2023, USD Million
TABLE 90 Mexico Hot Melt Adhesives Market, 2024 - 2031, USD Million
TABLE 91 Mexico Hot Melt Adhesives Market, 2020 - 2023, Kilo Tonnes
TABLE 92 Mexico Hot Melt Adhesives Market, 2024 - 2031, Kilo Tonnes
TABLE 93 Mexico Hot Melt Adhesives Market by Product, 2020 - 2023, USD Million
TABLE 94 Mexico Hot Melt Adhesives Market by Product, 2024 - 2031, USD Million
TABLE 95 Mexico Hot Melt Adhesives Market by Product, 2020 - 2023, Kilo Tonnes
TABLE 96 Mexico Hot Melt Adhesives Market by Product, 2024 - 2031, Kilo Tonnes
TABLE 97 Mexico Hot Melt Adhesives Market by Application, 2020 - 2023, USD Million
TABLE 98 Mexico Hot Melt Adhesives Market by Application, 2024 - 2031, USD Million
TABLE 99 Mexico Hot Melt Adhesives Market by Application, 2020 - 2023, Kilo Tonnes
TABLE 100 Mexico Hot Melt Adhesives Market by Application, 2024 - 2031, Kilo Tonnes
TABLE 101 Rest of North America Hot Melt Adhesives Market, 2020 - 2023, USD Million
TABLE 102 Rest of North America Hot Melt Adhesives Market, 2024 - 2031, USD Million
TABLE 103 Rest of North America Hot Melt Adhesives Market, 2020 - 2023, Kilo Tonnes
TABLE 104 Rest of North America Hot Melt Adhesives Market, 2024 - 2031, Kilo Tonnes
TABLE 105 Rest of North America Hot Melt Adhesives Market by Product, 2020 - 2023, USD Million
TABLE 106 Rest of North America Hot Melt Adhesives Market by Product, 2024 - 2031, USD Million
TABLE 107 Rest of North America Hot Melt Adhesives Market by Product, 2020 - 2023, Kilo Tonnes
TABLE 108 Rest of North America Hot Melt Adhesives Market by Product, 2024 - 2031, Kilo Tonnes
TABLE 109 Rest of North America Hot Melt Adhesives Market by Application, 2020 - 2023, USD Million
TABLE 110 Rest of North America Hot Melt Adhesives Market by Application, 2024 - 2031, USD Million
TABLE 111 Rest of North America Hot Melt Adhesives Market by Application, 2020 - 2023, Kilo Tonnes
TABLE 112 Rest of North America Hot Melt Adhesives Market by Application, 2024 - 2031, Kilo Tonnes
TABLE 113 Key Information – Henkel AG & Company, KGaA
TABLE 114 key Information – H.B. Fuller Company
TABLE 115 Key Information – The Dow Chemical Company
TABLE 116 Key Information – SIKA AG
TABLE 117 Key information – Arkema S.A.
TABLE 118 Key Information – Ashland Inc.
TABLE 119 Key Information – Avery Dennison Corporation
TABLE 120 Key Information – jowat se
TABLE 121 Key Information – Evonik Industries AG
TABLE 122 Key Information – 3M Company

List of Figures
FIG 1 Methodology for the research
FIG 2 North America Hot Melt Adhesives Market, 2020 - 2031, USD Million
FIG 3 Key Factors Impacting Hot Melt Adhesives Market
FIG 4 KBV Cardinal Matrix
FIG 5 Key Leading Strategies: Percentage Distribution (2020-2024)
FIG 6 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2020, Apr – 2024, Mar) Leading Players
FIG 7 Porter’s Five Forces Analysis - Hot Melt Adhesives Market
FIG 8 North America Hot Melt Adhesives Market share by Product, 2023
FIG 9 North America Hot Melt Adhesives Market share by Product, 2031
FIG 10 North America Hot Melt Adhesives Market by Product, 2020 - 2031, USD Million
FIG 11 North America Hot Melt Adhesives Market share by Application, 2023
FIG 12 North America Hot Melt Adhesives Market share by Application, 2031
FIG 13 North America Hot Melt Adhesives Market by Application, 2020 - 2031, USD Million
FIG 14 North America Hot Melt Adhesives Market share by Country, 2023
FIG 15 North America Hot Melt Adhesives Market share by Country, 2031
FIG 16 North America Hot Melt Adhesives Market by Country, 2020 - 2031, USD Million
FIG 17 Recent strategies and developments: Henkel AG & Company, KGaA
FIG 18 SWOT Analysis: Henkel AG & Company, KGaA
FIG 19 Recent strategies and developments: H.B. Fuller Company
FIG 20 Swot Analysis: H.B. Fuller Company
FIG 21 Recent strategies and developments: The Dow Chemical Company
FIG 22 SWOT Analysis: The Dow Chemical Company
FIG 23 Swot Analysis: Sika AG
FIG 24 SWOT Analysis: Arkema S.A.
FIG 25 Swot Analysis: Ashland Inc.
FIG 26 SWOT Analysis: AVERY DENNISON CORPORATION
FIG 27 Recent strategies and developments: jowat se
FIG 28 SWOT Analysis: Jowat SE
FIG 29 SWOT Analysis: Evonik Industries AG
FIG 30 SWOT Analysis: 3M Company