Table of Content

"1    INTRODUCTION    28
1.1    OBJECTIVES OF THE STUDY    28
1.2    MARKET DEFINITION    28
1.2.1    MARKET INCLUSIONS    29
1.2.2    MARKET EXCLUSIONS    29
1.3    MARKET SEGMENTATION    29
1.3.1    REGIONS COVERED    30
1.3.2    YEARS CONSIDERED FOR THE STUDY    30
1.4    CURRENCY    31
1.5    UNIT CONSIDERED    31
1.6    STAKEHOLDERS    31
1.7    SUMMARY OF CHANGES    31
2    RESEARCH METHODOLOGY    32
2.1    RESEARCH DATA    32
FIGURE 1    HMA MARKET: RESEARCH DESIGN    32
2.1.1    SECONDARY DATA    33
2.1.1.1    Key data from secondary sources    33
2.1.2    PRIMARY DATA    34
2.1.2.1    Key data from primary sources    34
2.1.2.2    Key industry insights    35
2.1.2.3    Breakdown of primary interviews    35
2.1.2.4    Primary data sources    36
2.2    MARKET SIZE ESTIMATION    36
2.2.1    BOTTOM-UP APPROACH    36
FIGURE 2    MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH    37
2.2.2    TOP-DOWN APPROACH    37
FIGURE 3    MARKET SIZE ESTIMATION: TOP-DOWN APPROACH    37
2.3    DATA TRIANGULATION    38
FIGURE 4    HMA MARKET: DATA TRIANGULATION    38
2.4    ASSUMPTIONS & LIMITATIONS    39
TABLE 1    RESEARCH ASSUMPTIONS    39
TABLE 2    RESEARCH LIMITATIONS    39
TABLE 3    RISK ANALYSIS    40
2.5    GROWTH RATE ASSUMPTIONS/GROWTH FORECAST    40
2.6    PRICING ASSUMPTIONS    40

3    EXECUTIVE SUMMARY    41
TABLE 4    HMA MARKET SNAPSHOT, 2022 VS. 2027    42
FIGURE 5    PACKAGING SOLUTIONS APPLICATION TO DOMINATE MARKET
DURING FORECAST PERIOD    43
FIGURE 6    EVA EMULSION TO BE FASTEST-GROWING RESIN SEGMENT
DURING FORECAST PERIOD    43
FIGURE 7    APAC LED GLOBAL HMA MARKET IN 2021    44
4    PREMIUM INSIGHTS    45
4.1    ATTRACTIVE OPPORTUNITIES IN HMA MARKET    45
FIGURE 8    EMERGING ECONOMIES TO OFFER LUCRATIVE GROWTH
OPPORTUNITIES FOR MARKET PLAYERS    45
4.2    HMA MARKET, BY RESIN TYPE    45
FIGURE 9    EVA RESIN TO BE LARGEST SEGMENT    45
4.3    HMA MARKET, DEVELOPED VS. DEVELOPING COUNTRIES    46
FIGURE 10    DEVELOPING COUNTRIES TO GROW FASTER THAN DEVELOPED COUNTRIES    46
4.4    HMA MARKET, BY APPLICATION AND KEY COUNTRIES    46
FIGURE 11    PACKAGING SOLUTIONS SEGMENT TO ACCOUNT FOR LARGEST
MARKET SHARE    46
4.5    HMA MARKET, BY MAJOR COUNTRIES    47
FIGURE 12    INDIA TO REGISTER HIGHEST CAGR IN GLOBAL MARKET    47
5    MARKET OVERVIEW    48
5.1    INTRODUCTION    48
5.2    MARKET DYNAMICS    49
FIGURE 13    DRIVERS, OPPORTUNITIES, AND CHALLENGES IN HMA MARKET    49
5.2.1    DRIVERS    49
5.2.1.1    Catering wide range of high growth applications    49
5.2.1.2    HMA replacing other adhesive technologies    50
5.2.1.3    High demand in DIY applications    50
5.2.2    RESTRAINTS    50
5.2.2.1    Lower thermal resistance of HMA    50
5.2.3    OPPORTUNITIES    50
5.2.3.1    Booming packaging and nonwoven applications in
Asia Pacific and South America    50
5.2.3.2    Increasing demand of reactive HMA over traditional adhesives    51
5.2.4    CHALLENGES    51
5.2.4.1    Difficulty in usage on hard-to-bond substances    51
5.2.4.2    Volatility in raw material prices    51
5.3    PORTER'S FIVE FORCES ANALYSIS    52
TABLE 5    IMPACT OF PORTER'S FIVE FORCES ANALYSIS ON HMA MARKET    52
FIGURE 14    PORTER'S FIVE FORCES ANALYSIS: HMA MARKET    52
5.3.1    THREAT OF NEW ENTRANTS    53
5.3.2    THREAT OF SUBSTITUTES    53
5.3.3    BARGAINING POWER OF BUYERS    53
5.3.4    BARGAINING POWER OF SUPPLIERS    54
5.3.5    INTENSITY OF COMPETITIVE RIVALRY    54
5.4    MACRO INDICATOR ANALYSIS    54
5.4.1    INTRODUCTION    54
5.4.2    TRENDS AND FORECAST OF GDP    54
TABLE 6    TRENDS AND FORECAST OF GDP, PERCENTAGE CHANGE, 2019–2026    55
5.4.3    TRENDS IN ELECTRONICS INDUSTRY    56
FIGURE 15    ESTIMATED GROWTH RATES FOR GLOBAL ELECTRONICS INDUSTRY,
FROM 2020 TO 2022, BY REGION    56
5.4.4    TRENDS IN AUTOMOTIVE INDUSTRY    57
TABLE 7    AUTOMOTIVE INDUSTRY PRODUCTION (2019–2020)    57
5.4.5    TRENDS IN FOOTWEAR INDUSTRY    58
FIGURE 16    DISTRIBUTION OF FOOTWEAR PRODUCTION, BY CONTINENT (QUANTITY) 2021    58
TABLE 8    FOOTWEAR PRODUCTION CONTRIBUTION PERCENTAGE, 2020    59
5.5    IMPACT OF COVID-19 ON END-USE INDUSTRIES    59
FIGURE 17    PRE-COVID-19 IMPACT AND POST-COVID-19 IMPACT MARKET
SCENARIOS: HMA MARKET    59
5.6    VALUE CHAIN ANALYSIS    60
FIGURE 18    HMA: VALUE CHAIN ANALYSIS    60
FIGURE 19    HMA VALUE CHAIN: PLAYERS AT EACH NODE    60
5.7    PRICING ANALYSIS    61
FIGURE 20    AVERAGE PRICE COMPETITIVENESS IN HMA MARKET, BY REGION    61
5.8    HMA ECOSYSTEM AND INTERCONNECTED MARKET    61
TABLE 9    HMA MARKET: SUPPLY CHAIN    62
FIGURE 21    ADHESIVES & SEALANTS: ECOSYSTEM    63
5.9    YC AND YCC SHIFT    63
FIGURE 22    CHANGING REVENUE MIX FOR ADHESIVE MARKETS    63
5.10    TRADE ANALYSIS    64
TABLE 10    COUNTRY-WISE IMPORT VALUE DATA IN USD BILLION    64
TABLE 11    COUNTRY-WISE EXPORT VALUE DATA IN USD BILLION    66
5.11    REGULATIONS    69
5.11.1    LEED STANDARDS    69
TABLE 12    ARCHITECTURAL APPLICATIONS    69
TABLE 13    SPECIALTY APPLICATIONS    69
TABLE 14    SUBSTRATE-SPECIFIC APPLICATIONS    70
TABLE 15    SECTOR LIMITS    70
TABLE 16    SEALANT PRIMERS    70
5.12    PATENT ANALYSIS    70
5.12.1    METHODOLOGY    70
5.12.2    PUBLICATION TRENDS    71
FIGURE 23    NUMBER OF PATENTS PUBLISHED, 2016–2022    71
5.12.3    TOP JURISDICTION    71
FIGURE 24    PATENTS PUBLISHED BY JURISDICTION, 2016–2022    71
5.12.4    TOP APPLICANTS    72
FIGURE 25    PATENTS PUBLISHED BY MAJOR APPLICANTS, 2016–2022    72
TABLE 17    RECENT PATENTS BY OWNERS    72
5.13    CASE STUDY ANALYSIS    73
5.14    TECHNOLOGY ANALYSIS    76
5.15    KEY CONFERENCES & EVENTS IN 2022-2023    77
TABLE 18    HMA MARKET: DETAILED LIST OF CONFERENCES & EVENTS    77
5.16    TARIFF AND REGULATORY LANDSCAPE    78
5.16.1    REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS    78
TABLE 19    NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT
AGENCIES, AND OTHER ORGANIZATIONS    78
TABLE 20    EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS    78
6    HMA MARKET, BY RESIN TYPE    79
6.1    INTRODUCTION    80
FIGURE 26    EVA IS LARGEST SEGMENT OF THE MARKET (VALUE)    80
TABLE 21    HMA MARKET SIZE, BY RESIN TYPE, 2017–2020 (USD MILLION)    80
TABLE 22    HMA MARKET SIZE, BY RESIN TYPE, 2021–2027 (USD MILLION)    81
TABLE 23    HMA MARKET SIZE, BY RESIN TYPE, 2017–2020 (KILOTON)    81
TABLE 24    HMA MARKET SIZE, BY RESIN TYPE, 2021–2027 (KILOTON)    82
6.2    ETHYLENE VINYL ACETATE (EVA)    82
6.2.1    MODIFIED PE OR A COPOLYMER OF ETHYLENE WITH VINYL ACETATE
TO OFFER GREATER FLEXIBILITY    82
6.3    STYRENIC BLOCK COPOLYMER (SBC)    82
6.3.1    GOOD HEATING PROPERTIES AND LOW MOISTURE ABSORPTION
MAKE IT USEFUL AT HIGHER TEMPERATURES    82
6.4    METALLOCENE POLYOLEFIN (MPO)    83
6.4.1    CLEAR, ODORLESS, AND HIGH THERMAL STABILITY MAKE IT SUITABLE
FOR COLORLESS APPLICATIONS    83
6.5    AMORPHOUS POLYALPHAOLEFIN (APAO)    83
6.5.1    EXTENSIVELY USED FOR MAKING DIFFERENT FORMULATIONS OF ADHESIVES    83
6.6    POLYOLEFINS    83
6.6.1    SUPERIOR SEALING ABILITY, HIGH RESISTANCE, AND EXCELLENT OPTICS MAKE THEM FIT FOR PACKAGING APPLICATIONS    83
6.7    POLYAMIDES    83
6.7.1    POLYAMIDE-BASED HMA ARE USED FOR MULTIPLE APPLICATIONS    83
6.8    POLYURETHANE (PUR)    84
6.8.1    MOISTURE CURED PROPERTY MAKES IT SUITABLE FOR FOOTWEAR, PACKAGING, AND BOOKBINDING APPLICATIONS    84
6.9    OTHERS    84
7    HMA MARKET, BY APPLICATION    85
7.1    INTRODUCTION    86
FIGURE 27    PACKAGING SOLUTIONS IS THE MAJOR APPLICATION SEGMENT
OF THE MARKET    86
TABLE 25    HMA MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)    86
TABLE 26    HMA MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION)    87
TABLE 27    HMA MARKET SIZE, BY APPLICATION, 2017–2020 (KILOTON)    87
TABLE 28    HMA MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)    87
7.2    PACKAGING SOLUTIONS    88
7.2.1    HIGH DEMAND FOR FLEXIBLE PACKAGING IMPACTS HMA MARKET
IN ASIA PACIFIC AND MIDDLE EAST & AFRICA    88
7.2.1.1    Corrugated boxes and trays    89
7.2.1.2    Carton and side-seam closures    89
7.2.1.3    Non-pressure-sensitive labels and marking systems    89
7.2.1.4    Flexible packaging    89
7.2.1.5    Others    89
TABLE 29    HMA MARKET SIZE IN PACKAGING SOLUTIONS, BY REGION,
2017–2020 (USD MILLION)    89
TABLE 30    HMA MARKET SIZE IN PACKAGING SOLUTIONS, BY REGION,
2021–2027 (USD MILLION)    90
TABLE 31    HMA MARKET SIZE IN PACKAGING SOLUTIONS, BY REGION,
2017–2020 (KILOTON)    90
TABLE 32    HMA MARKET SIZE IN PACKAGING SOLUTIONS, BY REGION,
2021–2027 (KILOTON)    90
7.3    NONWOVEN HYGIENE PRODUCTS    91
7.3.1    INCREASING HYGIENE AWARENESS AND DEMAND FROM CONSUMERS    91
7.3.1.1    Baby diapers, nappies, and pants    91
7.3.1.2    Adult incontinence    91
7.3.1.3    Feminine care    91
TABLE 33    HMA MARKET SIZE IN NONWOVEN HYGIENE PRODUCTS, BY REGION,
2017–2020 (USD MILLION)    91
TABLE 34    HMA MARKET SIZE IN NONWOVEN HYGIENE PRODUCTS, BY REGION,
2021–2027 (USD MILLION)    92
TABLE 35    HMA MARKET SIZE IN NONWOVEN HYGIENE PRODUCTS, BY REGION,
2017–2020 (KILOTON)    92
TABLE 36    HMA MARKET SIZE IN NONWOVEN HYGIENE PRODUCTS, BY REGION,
2021–2027 (KILOTON)    92
7.4    FURNITURE & WOODWORK    93
7.4.1    ASIA PACIFIC WOODWORKING INDUSTRY TO INCREASE DEMAND FOR HMA    93
7.4.1.1    Woodworking    93
7.4.1.2    Structural and non-structural wood products    93
TABLE 37    HMA MARKET SIZE IN FURNITURE & WOODWORK, BY REGION,
2017–2020 (USD MILLION)    93
TABLE 38    HMA MARKET SIZE IN FURNITURE & WOODWORK, BY REGION,
2021–2027 (USD MILLION)    93
TABLE 39    HMA MARKET SIZE IN FURNITURE & WOODWORK, BY REGION,
2017–2020 (KILOTON)    94
TABLE 40    HMA MARKET SIZE IN FURNITURE & WOODWORK, BY REGION,
2021–2027 (KILOTON)    94
7.5    BOOKBINDING    94
7.5.1    WATER ELIMINATING ADVANTAGE OF HMA MAKES THEM SUITABLE
FOR BOOKBINDING    94
7.5.1.1    Spine binding    94
7.5.1.2    Cover page and edge bonding    94
TABLE 41    HMA MARKET SIZE IN BOOKBINDING, BY REGION,
2017–2020 (USD MILLION)    95
TABLE 42    HMA MARKET SIZE IN BOOKBINDING, BY REGION,
2021–2027 (USD MILLION)    95
TABLE 43    HMA MARKET SIZE IN BOOKBINDING, BY REGION, 2017–2020 (KILOTON)    95
TABLE 44    HMA MARKET SIZE IN BOOKBINDING, BY REGION, 2021–2027 (KILOTON)    96
7.6    OTHERS    96
7.6.1    AUTOMOTIVE & TRANSPORT    96
7.6.2    CONSUMER DIY    96
7.6.3    FOOTWEAR    97
7.6.4    ELECTRONICS    97
TABLE 45    HMA MARKET SIZE IN OTHER APPLICATIONS, BY REGION,
2017–2020 (USD MILLION)    97
TABLE 46    HMA MARKET SIZE IN OTHER APPLICATIONS, BY REGION,
2021–2027 (USD MILLION)    97
TABLE 47    HMA MARKET SIZE IN OTHER APPLICATIONS, BY REGION,
2017–2020 (KILOTON)    98
TABLE 48    HMA MARKET SIZE IN OTHER APPLICATIONS, BY REGION,
2021–2027 (KILOTON)    98
8    HMA MARKET, BY REGION    99
8.1    INTRODUCTION    100
FIGURE 28    ASIA PACIFIC TO LEAD HMA MARKET BY 2027    100
TABLE 49    HMA MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)    100
TABLE 50    HMA MARKET SIZE, BY REGION, 2021–2027 (USD MILLION)    101
TABLE 51    HMA MARKET SIZE, BY REGION, 2017–2020 (KILOTON)    101
TABLE 52    HMA MARKET SIZE, BY REGION, 2021–2027 (KILOTON)    101
8.2    ASIA PACIFIC    102
FIGURE 29    ASIA PACIFIC: HMA MARKET SNAPSHOT    102
TABLE 53    ASIA PACIFIC: HMA MARKET SIZE, BY APPLICATION,
2017–2020 (USD MILLION)    102
TABLE 54    ASIA PACIFIC: HMA MARKET SIZE, BY APPLICATION,
2021–2027 (USD MILLION)    103
TABLE 55    ASIA PACIFIC: HMA MARKET SIZE, BY APPLICATION, 2017–2020 (KILOTON)    103
TABLE 56    ASIA PACIFIC: HMA MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)    103
TABLE 57    ASIA PACIFIC: HMA MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION)    104
TABLE 58    ASIA PACIFIC: HMA MARKET SIZE, BY COUNTRY, 2021–2027 (USD MILLION)    104
TABLE 59    ASIA PACIFIC: HMA MARKET SIZE, BY COUNTRY, 2017–2020 (KILOTON)    104
TABLE 60    ASIA PACIFIC: HMA MARKET SIZE, BY COUNTRY, 2021–2027 (KILOTON)    105
8.2.1    CHINA    105
8.2.1.1    China is the largest HMA market in Asia Pacific    105
TABLE 61    CHINA: HMA MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)    106
TABLE 62    CHINA: HMA MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION)    106
TABLE 63    CHINA: HMA MARKET SIZE, BY APPLICATION, 2017–2020 (KILOTON)    106
TABLE 64    CHINA: HMA MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)    107
8.2.2    JAPAN    107
8.2.2.1    Infrastructural redevelopment to boost demand    107
TABLE 65    JAPAN: HMA MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)    108
TABLE 66    JAPAN: HMA MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION)    108
TABLE 67    JAPAN: HMA MARKET SIZE, BY APPLICATION, 2017–2020 (KILOTON)    108
TABLE 68    JAPAN: HMA MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)    109
8.2.3    SOUTH KOREA    109
8.2.3.1    Growth in automotive industry to fuel demand    109
TABLE 69    SOUTH KOREA: HMA MARKET SIZE, BY APPLICATION,
2017–2020 (USD MILLION)    109
TABLE 70    SOUTH KOREA: HMA MARKET SIZE, BY APPLICATION,
2021–2027 (USD MILLION)    110
TABLE 71    SOUTH KOREA: HMA MARKET SIZE, BY APPLICATION, 2017–2020 (KILOTON)    110
TABLE 72    SOUTH KOREA: HMA MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)    110
8.2.4    INDIA    111
8.2.4.1    Government’s initiative to boost economy is contributing
to market growth    111
TABLE 73    INDIA: HMA MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)    111
TABLE 74    INDIA: HMA MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION)    112
TABLE 75    INDIA: HMA MARKET SIZE, BY APPLICATION, 2017–2020 (KILOTON)    112
TABLE 76    INDIA: HMA MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)    112
8.2.5    MALAYSIA    113
8.2.5.1    Rebound in automotive industry likely to drive market    113
TABLE 77    MALAYSIA: HMA MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)    113
TABLE 78    MALAYSIA: HMA MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION)    113
TABLE 79    MALAYSIA: HMA MARKET SIZE, BY APPLICATION, 2017–2020 (KILOTON)    114
TABLE 80    MALAYSIA: HMA MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)    114
8.2.6    THAILAND    114
8.2.6.1    Growth in packaging industry to impact market    114
TABLE 81    THAILAND: HMA MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)    115
TABLE 82    THAILAND: HMA MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION)    115
TABLE 83    THAILAND: HMA MARKET SIZE, BY APPLICATION, 2017–2020 (KILOTON)    115
TABLE 84    THAILAND: HMA MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)    116
8.2.7    REST OF ASIA PACIFIC    116
8.3    NORTH AMERICA    116
FIGURE 30    NORTH AMERICA: HMA MARKET SNAPSHOT    117
TABLE 85    NORTH AMERICA: HMA MARKET SIZE, BY APPLICATION,
2017–2020 (USD MILLION)    117
TABLE 86    NORTH AMERICA: HMA MARKET SIZE, BY APPLICATION,
2021–2027 (USD MILLION)    118
TABLE 87    NORTH AMERICA: HMA MARKET SIZE, BY APPLICATION,
2017–2020 (KILOTON)    118
TABLE 88    NORTH AMERICA: HMA MARKET SIZE, BY APPLICATION,
2021–2027 (KILOTON)    118
TABLE 89    NORTH AMERICA: HMA MARKET SIZE, BY COUNTRY,
2017–2020 (USD MILLION)    118
TABLE 90    NORTH AMERICA: HMA MARKET SIZE, BY COUNTRY,
2021–2027 (USD MILLION)    119
TABLE 91    NORTH AMERICA: HMA MARKET SIZE, BY COUNTRY, 2017–2020 (KILOTON)    119
TABLE 92    NORTH AMERICA: HMA MARKET SIZE, BY COUNTRY, 2021–2027 (KILOTON)    119
8.3.1    US    120
8.3.1.1    Growth in major end-use industries to boost demand    120
TABLE 93    US: HMA MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)    121
TABLE 94    US: HMA MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION)    121
TABLE 95    US: HMA MARKET SIZE, BY APPLICATION, 2017–2020 (KILOTON)    121
TABLE 96    US: HMA MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)    122
8.3.2    CANADA    122
8.3.2.1    Automotive sector to play key role in driving HMA demand    122
TABLE 97    CANADA: HMA MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)    123
TABLE 98    CANADA: HMA MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION)    123
TABLE 99    CANADA: HMA MARKET SIZE, BY APPLICATION, 2017–2020 (KILOTON)    123
TABLE 100    CANADA: HMA MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)    124
8.3.3    MEXICO    124
8.3.3.1    Growth in automotive industry is driving demand for HMA    124
TABLE 101    MEXICO: HMA MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)    125
TABLE 102    MEXICO: HMA MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION)    125
TABLE 103    MEXICO: HMA MARKET SIZE, BY APPLICATION, 2017–2020 (KILOTON)    125
TABLE 104    MEXICO: HMA MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)    126
8.4    EUROPE    126
FIGURE 31    EUROPE: HMA MARKET SNAPSHOT    127
TABLE 105    EUROPE: HMA MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)    127
TABLE 106    EUROPE: HMA MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION)    128
TABLE 107    EUROPE: HMA MARKET SIZE, BY APPLICATION, 2017–2020 (KILOTON)    128
TABLE 108    EUROPE: HMA MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)    128
TABLE 109    EUROPE: HMA MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION)    129
TABLE 110    EUROPE: HMA MARKET SIZE, BY COUNTRY, 2021–2027 (USD MILLION)    129
TABLE 111    EUROPE: HMA MARKET SIZE, BY COUNTRY, 2017–2020 (KILOTON)    129
TABLE 112    EUROPE: HMA MARKET SIZE, BY COUNTRY, 2021–2027 (KILOTON)    130
8.4.1    GERMANY    130
8.4.1.1    Various trends in food packaging industry will boost demand    130
TABLE 113    GERMANY: HMA MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)    131
TABLE 114    GERMANY: HMA MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION)    131
TABLE 115    GERMANY: HMA MARKET SIZE, BY APPLICATION, 2017–2020 (KILOTON)    131
TABLE 116    GERMANY: HMA MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)    132
8.4.2    FRANCE    132
8.4.2.1    Automotive industry to boost demand for HMA    132
TABLE 117    FRANCE: HMA MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)    133
TABLE 118    FRANCE: HMA MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION)    133
TABLE 119    FRANCE: HMA MARKET SIZE, BY APPLICATION, 2017–2020 (KILOTON)    133
TABLE 120    FRANCE: HMA MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)    134
8.4.3    ITALY    134
8.4.3.1    Numerous motor manufacturing companies are shifting their production facilities to Italy, creating growth opportunities    134
TABLE 121    ITALY: HMA MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)    135
TABLE 122    ITALY: HMA MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION)    135
TABLE 123    ITALY: HMA MARKET SIZE, BY APPLICATION, 2017–2020 (KILOTON)    135
TABLE 124    ITALY: HMA MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)    136
8.4.4    UK    136
8.4.4.1    Innovative and energy-efficient technology in household appliances to increase demand    136
TABLE 125    UK: HMA MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)    136
TABLE 126    UK: HMA MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION)    137
TABLE 127    UK: HMA MARKET SIZE, BY APPLICATION, 2017–2020 (KILOTON)    137
TABLE 128    UK: HMA MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)    137
8.4.5    RUSSIA    138
8.4.5.1    Packaging application will boost demand    138
TABLE 129    RUSSIA: HMA MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)    138
TABLE 130    RUSSIA: HMA MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION)    139
TABLE 131    RUSSIA: HMA MARKET SIZE, BY APPLICATION, 2017–2020 (KILOTON)    139
TABLE 132    RUSSIA: HMA MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)    139
8.4.6    SPAIN    140
8.4.6.1    Investment in various industries to boost demand    140
TABLE 133    SPAIN: HMA MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)    140
TABLE 134    SPAIN: HMA MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION)    141
TABLE 135    SPAIN: HMA MARKET SIZE, BY APPLICATION, 2017–2020 (KILOTON)    141
TABLE 136    SPAIN: HMA MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)    141
8.4.7    REST OF EUROPE    142
8.5    SOUTH AMERICA    142
TABLE 137    SOUTH AMERICA: HMA MARKET SIZE, BY APPLICATION,
2017–2020 (USD MILLION)    142
TABLE 138    SOUTH AMERICA: HMA MARKET SIZE, BY APPLICATION,
2021–2027 (USD MILLION)    142
TABLE 139    SOUTH AMERICA: HMA MARKET SIZE, BY APPLICATION,
2017–2020 (KILOTON)    143
TABLE 140    SOUTH AMERICA: HMA MARKET SIZE, BY APPLICATION,
2021–2027 (KILOTON)    143
TABLE 141    SOUTH AMERICA: HMA MARKET SIZE, BY COUNTRY,
2017–2020 (USD MILLION)    143
TABLE 142    SOUTH AMERICA: HMA MARKET SIZE, BY COUNTRY,
2021–2027 (USD MILLION)    143
TABLE 143    SOUTH AMERICA: HMA MARKET SIZE, BY COUNTRY, 2017–2020 (KILOTON)    144
TABLE 144    SOUTH AMERICA: HMA MARKET SIZE, BY COUNTRY, 2021–2027 (KILOTON)    144
8.5.1    BRAZIL    144
8.5.1.1    It is one of the fastest-growing manufacturing hubs globally    144
TABLE 145    BRAZIL: HMA MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)    145
TABLE 146    BRAZIL: HMA MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION)    145
TABLE 147    BRAZIL: HMA MARKET SIZE, BY APPLICATION, 2017–2020 (KILOTON)    145
TABLE 148    BRAZIL: HMA MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)    146
8.5.2    ARGENTINA    146
8.5.2.1    Strategic Industrial Plan 2020 supporting HMA market    146
TABLE 149    ARGENTINA: HMA MARKET SIZE, BY APPLICATION,
2017–2020 (USD MILLION)    147
TABLE 150    ARGENTINA: HMA MARKET SIZE, BY APPLICATION,
2021–2027 (USD MILLION)    147
TABLE 151    ARGENTINA: HMA MARKET SIZE, BY APPLICATION, 2017–2020 (KILOTON)    147
TABLE 152    ARGENTINA: HMA MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)    148
8.5.3    REST OF SOUTH AMERICA    148
8.6    MIDDLE EAST & AFRICA    148
TABLE 153    MIDDLE EAST & AFRICA: HMA MARKET SIZE, BY APPLICATION,
2017–2020 (USD MILLION)    149
TABLE 154    MIDDLE EAST & AFRICA: HMA MARKET SIZE, BY APPLICATION,
2021–2027 (USD MILLION)    149
TABLE 155    MIDDLE EAST & AFRICA: HMA MARKET SIZE, BY APPLICATION,
2017–2020 (KILOTON)    149
TABLE 156    MIDDLE EAST & AFRICA: HMA MARKET SIZE, BY APPLICATION,
2021–2027 (KILOTON)    150
TABLE 157    MIDDLE EAST & AFRICA: HMA MARKET SIZE, BY COUNTRY,
2017–2020 (USD MILLION)    150
TABLE 158    MIDDLE EAST & AFRICA: HMA MARKET SIZE, BY COUNTRY,
2021–2027 (USD MILLION)    150
TABLE 159    MIDDLE EAST & AFRICA: HMA MARKET SIZE, BY COUNTRY,
2017–2020 (KILOTON)    151
TABLE 160    MIDDLE EAST & AFRICA: HMA MARKET SIZE, BY COUNTRY,
2021–2027 (KILOTON)    151
8.6.1    SAUDI ARABIA    151
8.6.1.1    Increased local car sales to support market growth    151
TABLE 161    SAUDI ARABIA: HMA MARKET SIZE, BY APPLICATION,
2017–2020 (USD MILLION)    152
TABLE 162    SAUDI ARABIA: HMA MARKET SIZE, BY APPLICATION,
2021–2027 (USD MILLION)    152
TABLE 163    SAUDI ARABIA: HMA MARKET SIZE, BY APPLICATION, 2017–2020 (KILOTON)    152
TABLE 164    SAUDI ARABIA: HMA MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)    153
8.6.2    UAE    153
8.6.2.1    Growing building & construction, woodworking, and packaging solutions applications will impact market growth    153
TABLE 165    UAE: HMA MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)    154
TABLE 166    UAE: HMA MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION)    154
TABLE 167    UAE: HMA MARKET SIZE, BY APPLICATION, 2017–2020 (KILOTON)    154
TABLE 168    UAE: HMA MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)    155
8.6.3    SOUTH AFRICA    155
8.6.3.1    Growing construction and automotive industries will
impact market growth    155
TABLE 169    SOUTH AFRICA: HMA MARKET SIZE, BY APPLICATION,
2017–2020 (USD MILLION)    155
TABLE 170    SOUTH AFRICA: HMA MARKET SIZE, BY APPLICATION,
2021–2027 (USD MILLION)    156
TABLE 171    SOUTH AFRICA: HMA MARKET SIZE, BY APPLICATION, 2017–2020 (KILOTON)    156
TABLE 172    SOUTH AFRICA: HMA MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)    156
8.6.4    REST OF THE MIDDLE EAST & AFRICA    157
9    COMPETITIVE LANDSCAPE    158
9.1    OVERVIEW    158
9.1.1    OVERVIEW OF STRATEGIES ADOPTED BY KEY HMA PLAYERS    158
9.2    COMPANY EVALUATION QUADRANT MATRIX: DEFINITIONS AND METHODOLOGY, 2021    159
9.2.1    STAR    159
9.2.2    EMERGING LEADERS    159
9.2.3    PERVASIVE    159
9.2.4    EMERGING COMPANIES    159
FIGURE 32    HMA MARKET (GLOBAL): COMPETITIVE LEADERSHIP MAPPING, 2020    160
9.3    STRENGTH OF PRODUCT PORTFOLIO    161
9.4    COMPETITIVE SCENARIO    162
TABLE 173    PRODUCT FOOTPRINT OF COMPANIES    162
TABLE 174    INDUSTRY FOOTPRINT OF COMPANIES    162
TABLE 175    REGIONAL FOOTPRINT OF COMPANIES    162
9.5    SME MATRIX, 2021    163
9.5.1    RESPONSIVE COMPANIES    163
9.5.2    PROGRESSIVE COMPANIES    163
9.5.3    STARTING BLOCKS    163
9.5.4    DYNAMIC COMPANIES    163
FIGURE 33    HMA MARKET: SMALL AND MEDIUM-SIZED ENTERPRISES’ COMPETITIVE LEADERSHIP MAPPING, 2021    164
9.6    SME COMPETITIVE BENCHMARKING    165
FIGURE 34    HMA MARKET: DETAILED LIST OF KEY STARTUP/SMES    165
TABLE 176    HMA MARKET: COMPETITIVE BENCHMARKING OF KEY PLAYERS [STARTUPS/SMES]    165
9.7    MARKET SHARE ANALYSIS    166
FIGURE 35    MARKET SHARE, BY KEY PLAYERS (2021)    166
9.8    REVENUE ANALYSIS    166
FIGURE 36    REVENUE ANALYSIS OF TOP PLAYERS, 2016–2021    166
9.8.1    3M    167
9.8.2    HENKEL AG    167
9.8.3    H.B. FULLER    167
9.8.4    ARKEMA (BOSTIK)    167
9.9    MARKET RANKING ANALYSIS    168
TABLE 177    MARKET RANKING ANALYSIS, 2021    168
9.9.1    COMPETITIVE SITUATION AND TRENDS    168
TABLE 178    HMA MARKET: PRODUCT LAUNCHES, 2016–2022    168
TABLE 179    HMA MARKET: DEALS, 2016–2022    169
10    COMPANY PROFILES    172
10.1    MAJOR PLAYERS    172
(Business Overview, Products Offered, Recent Developments, Deals, MnM view, Right to win, Strategic choices made, Weakness/competitive threats)*
10.1.1    HENKEL AG & CO. KGAA    172
TABLE 180    HENKEL AG & CO. KGAA: COMPANY OVERVIEW    172
FIGURE 37    HENKEL AG & CO. KGAA: COMPANY SNAPSHOT    173
TABLE 181    HENKEL AG & CO. KGAA: PRODUCT LAUNCH    174
TABLE 182    HENKEL AG & CO. KGAA: DEAL    174
10.1.2    H.B. FULLER COMPANY    175
TABLE 183    H.B. FULLER COMPANY: COMPANY OVERVIEW    175
FIGURE 38    H.B. FULLER COMPANY: COMPANY SNAPSHOT    175
TABLE 184    H.B. FULLER COMPANY: PRODUCT LAUNCHES    177
TABLE 185    H.B. FULLER COMPANY: DEALS    177
10.1.3    JOWAT SE    179
TABLE 186    JOWAT SE: COMPANY OVERVIEW    179
TABLE 187    JOWAT SE: PRODUCT LAUNCHES    180
10.1.4    3M    181
TABLE 188    3M: COMPANY OVERVIEW    181
FIGURE 39    3M: COMPANY SNAPSHOT    181
TABLE 189    3M: OTHERS    183
10.1.5    ARKEMA    184
TABLE 190    ARKEMA: COMPANY OVERVIEW    184
FIGURE 40    ARKEMA: COMPANY SNAPSHOT    185
TABLE 191    ARKEMA: DEALS    186
10.1.6    DOW INC.    188
TABLE 192    DOW INC.: COMPANY OVERVIEW    188
FIGURE 41    DOW INC.: COMPANY SNAPSHOT    189
10.1.7    TEXYEAR INDUSTRIES INC.    190
TABLE 193    TEXYEAR INDUSTRIES INC.: COMPANY OVERVIEW    190
10.1.8    KLEBCHEMIE GMBH & CO. KG    191
TABLE 194    KLEBCHEMIE GMBH & CO. KG: COMPANY OVERVIEW    191
10.1.9    SIKA AG    192
TABLE 195    SIKA AG: COMPANY OVERVIEW    192
FIGURE 42    SIKA AG: COMPANY SNAPSHOT    192
TABLE 196    SIKA AG: OTHERS    193
10.1.10    AVERY DENNISON CORPORATION    194
TABLE 197    AVERY DENNISON CORPORATION: COMPANY OVERVIEW    194
FIGURE 43    AVERY DENNISON CORPORATION: COMPANY SNAPSHOT    195
10.1.11    HUNTSMAN CORPORATION    197
TABLE 198    HUNTSMAN CORPORATION: COMPANY OVERVIEW    197
FIGURE 44    HUNTSMAN CORPORATION: COMPANY SNAPSHOT    197
10.1.12    BEARDOW ADAMS (ADHESIVES) LTD.    199
TABLE 199    BEARDOW ADAMS (ADHESIVES) LTD.: COMPANY OVERVIEW    199
10.2    OTHER COMPANIES    200
10.2.1    ADHESIVES DIRECT UK    200
TABLE 200    ADHESIVES DIRECT UK: COMPANY OVERVIEW    200
10.2.2    AICA ADTEK SDN BHD    200
TABLE 201    AICA ADTEK SDN BHD: COMPANY OVERVIEW    200
10.2.3    BUHNEN GMBH & CO. KG    202
TABLE 202    BUHNEN GMBH & CO. KG: COMPANY OVERVIEW    202
10.2.4    CHERNG TAY TECHNOLOGY CO., LTD.    203
TABLE 203    CHERNG TAY TECHNOLOGY CO., LTD.: COMPANY OVERVIEW    203
10.2.5    CATTIE ADHESIVES    204
TABLE 204    CATTIE ADHESIVES: COMPANY OVERVIEW    204
10.2.6    DAUBERT CHEMICAL COMPANY    205
TABLE 205    DAUBERT CHEMICAL COMPANY: COMPANY OVERVIEW    205
10.2.7    EVANS ADHESIVE CORPORATION, LTD.    206
TABLE 206    EVANS ADHESIVE CORPORATION, LTD.: COMPANY OVERVIEW    206
10.2.8    EVONIK INDUSTRIES AG    207
TABLE 207    EVONIK INDUSTRIES AG: COMPANY OVERVIEW    207
10.2.9    HELMITIN ADHESIVES    207
TABLE 208    HELMITIN ADHESIVES: COMPANY OVERVIEW    207
10.2.10    KMS ADHESIVES LTD.    208
TABLE 209    KMS ADHESIVES LTD.: COMPANY OVERVIEW    208
10.2.11    SANYHOT ADHESIVOS S.A.    209
TABLE 210    SANYHOT ADHESIVOS S.A.: COMPANY OVERVIEW    209
10.2.12    SEALOCK LTD.    210
TABLE 211    SEALOCK LTD.: COMPANY OVERVIEW    210
10.2.13    TOYOBO CO., LTD.    210
TABLE 212    TOYOBO CO., LTD.: COMPANY OVERVIEW    210
10.2.14    WORTHEN INDUSTRIES    211
TABLE 213    WORTHEN INDUSTRIES: COMPANY OVERVIEW    211
*Details on Business Overview, Products Offered, Recent Developments, Deals, MnM view, Right to win, Strategic choices made, Weakness/competitive threats might not be captured in case of unlisted companies.
11    ADJACENT & RELATED MARKETS    212
11.1    INTRODUCTION    212
11.2    LIMITATIONS    212
11.3    MS POLYMER ADHESIVES MARKET    212
11.3.1    MARKET DEFINITION    212
11.3.2    MARKET OVERVIEW    212
11.3.3    MS POLYMER ADHESIVES MARKET ANALYSIS, BY TYPE    213
11.3.3.1    Adhesive    213
11.3.3.2    Sealant    213
11.3.4    MS POLYMER ADHESIVES MARKET, BY APPLICATION    214
TABLE 214    MS POLYMER ADHESIVES MARKET SIZE, BY END-USE INDUSTRY,
2018–2025 (USD MILLION)    214
TABLE 215    MS POLYMER ADHESIVES MARKET SIZE, BY END-USE INDUSTRY,
2018–2025 (KILOTON)    214
11.3.5    MS POLYMER ADHESIVES MARKET, BY REGION    215
TABLE 216    MS POLYMER ADHESIVES MARKET SIZE, BY REGION,
2018–2025 (USD MILLION)    215
TABLE 217    MS POLYMER ADHESIVES MARKET SIZE, BY REGION, 2018–2025 (KILOTON)    215
12    APPENDIX    216
12.1    DISCUSSION GUIDE    216
12.2    KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL    218
12.3    AVAILABLE CUSTOMIZATIONS    220
12.4    RELATED REPORTS    220
12.5    AUTHORS DETAILS    221"