Market Research North America Hot-Melt Adhesives Market Analysis

The North America hot-melt adhesives market is expected to register a moderate CAGR during the
forecast period of 2018-2023. The United States is estimated to lead the market owing to its rapid
increase in production of automotive and rise in demand from the healthcare and electronics sectors.
Paper, board, and packaging segment is expected to be the fastest growing end-user industry.
Increasing Applications in a Vast Range of Industries
Hot-melt adhesives are designed for high impact, toughened applications. Hot-melt adhesives are heat-
resistant and can be used in heat-sensitive end-use applications, as well as for bonding appliance in
housings and cabinets, thermal insulation panels in dishwashers, nameplates, touchpads, and vinyl
gaskets. Hot-melt adhesives are used to laminate nearly all textile substrates. After cross-linking, the
adhesives provide a high-quality bond, which is not only soft on the material but is also boil-resistant.
These adhesives are being increasingly used in the production of automotive interior panels. An
extensive variety of assembly bonds, such as retainer bonding, bonding of steel frames of sunroofs,
window tracks, etc., are required. The adhesive systems are more frequently used for lamination
applications in automotive. The applications of hot-melt adhesives are increasing rapidly in the
packaging industry. Perfumes, pharmaceuticals, cosmetics, and beauty products are packaged in
transparent or clear cases using hot-melt adhesives to get flawless end-products.
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Transportation - The Fastest Growing End-user Industry
Hot-melt adhesives provide environmental resistance from corrosion, UV light, salt water, rain, and
other weathering conditions. They create tough, impact-resistant bonds having a high shear strength
and high abrasion resistance, and therefore, have a wide range of applications. The market for these
adhesives is quite extensive and includes several applications in the transportation industry, such as in
aircraft & aerospace, railways, vehicle assembly, marine, interior vehicle trim, exterior vehicle trim,
automotive module sealing, and electronic circuit board protection. Hot-melt adhesives act as critical
components in the automotive manufacturing industry because they are ideal for all bonds that require
flexibility for moments like expansion and compression. Their automotive applications include package
tray attachment, seating, instrument panels and controls, door sealant, and water shields. In the
aerospace industry, they are used to make lightweight designs for aircraft. In railways, they are used in
interior rail construction, floor bonding, light cover assembly, and exterior metal skin bonding.
United States to Lead the Market
The United States is competing toward a complete transformation of its diesel buses into zero-emission
buses. As of 2016, the United States had over 300 individual zero-emission buses operating in transit
fleets throughout the nation. Electrical buses are fast gaining importance, and their production is set to
grow rapidly in the coming years. Shifting trend toward electric vehicles, due to rise in environmental
regulations, is the major factor influencing the adhesives market. The construction market of the United
States grew by 1.9% in the Q3 of 2017 over Q3 of 2016 owing to the rise in new single-family house
constructions. Construction of the new residential houses in the United States climbed by over 13% in