Asia Pacific Hot Melt Glue Gun Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Gun Type and Application

Asia Pacific Hot Melt Glue Gun Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Gun Type and Application

  • July 2021 •
  • 112 pages •
  • Report ID: 6134237 •
  • Format: PDF
The Asia Pacific hot melt glue gun market 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.

APAC continent comprises several developing economies such as India, China, Japan, South Korea, Australia, among others.These emerging countries are witnessing an upsurge in industrialization and urbanization activities, offering ample opportunities for the key market players in the hot melt glue gun market.

The hot melt glue gun market in the countries of APAC has experienced a considerable shift over the years.Moreover, with the continual development of science and the continuous improvement of the theoretical system, hot melt glue gun technology will be exploited in more industries and become a universally recognized means of parts processing.

The massive growth of the APAC region is due to a manufacturing base in the emerging economies, such as India, Japan, China, South Korea, Singapore, Taiwan, and Indonesia have large manufacturing industries.The majority of the countries in APAC are emerging nations, such as India, and the construction business in these areas has a lot of potential.

Construction is an essential industry that contributes significantly to a country’s economic progress. Large structures, bridges, dams, pipelines, road networks, ports, trains, and aqueducts are all examples of infrastructure construction. Construction operations in APAC derived the demand for hot melt glue gun market. It is used as a flooring adhesive, a window adhesive, or a door adhesive in the building and construction industry. These adhesives are popular in remodeling and floor installation because they have the ideal combination of strength, adaptability, and drying time.

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, such as 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.

Based on gun type, the market is segmented into corded, cordless and hybrid.The hybrid segment is expected to grow at the fastest CAGR during the forecasted period.

The hybrid hot melt glue gun is both corded and cordless.In the hybrid glue gun, it offers option to be use cordless or corded.

Hybrid glue gun has a PTC heating system, which provides a more stable working temperature and longer run duration.The cordless hybrid mini glue gun is great for craft, floral, and do-it-yourself projects, with a power output of up to 20 watts.

The hybrid mini cordless glue gun is powered by a high-performance 18-Volt Lithium-ion or Nickel-cadmium (NiCad) compact battery that allows it to go anywhere it is needed. A cordless glue gun’s battery can last up to an hour of continuous use; however, a corded glue gun requires an 8-foot AC power line to be plugged into an outlet for longer continuous use. The corded hot melt glue gun has a heating power of up to 120 watts. Corded hybrid glue gun has a high temperature for industrial use, which allows for stronger bonding to metals, wood, ceramics, leather, and other porous and nonporous materials. The market for hybrid hot melt glue guns is expected to grow in response to rising demand for hot melt adhesive in industrial applications.

The overall Asia Pacific hot melt glue gun market size has been derived using both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market.

The process also serves the purpose of obtaining an overview and forecast for the Asia Pacific hot melt glue gun market with respect to all the segments pertaining to the region.Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic.

The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the Asia Pacific hot melt glue gun market.A few of the key companies operating in the market are Ellsworth Adhesives; 3M; Arkem; Deluxe Packaging; Buhnen GmbH & Co.

KG; and Adhesives Technologies Inc.

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