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

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

  • July 2021 •
  • 105 pages •
  • Report ID: 6134390 •
  • Format: PDF
The North America hot melt glue gun market is expected to grow from US$ 130.57 million in 2021 to US$ 188.08 million by 2028; it is estimated to grow at a CAGR of 5.4% from 2021 to 2028.

The North American region comprises developed economies such as the U.S. and Canada, as well as Mexico as a developing nation. The companies are continuously enhancing their overall business processes to meet the customers’ demands in the best possible way. Several domestic and international companies operating in the hot melt glue gun market have a strong foothold in the North American region. In this region, the United States is a significant market for hot melt glue gun. The North American region primarily supports the growth of the hot melt glue gun market through effective manufacture and trade policies. Construction, packaging, and automotive played a significant role in the economy of North America. The United States has one of the world’s largest construction markets. Bechtel is one of the largest construction companies in the United States. The need for hot melt glue guns is derived from North America, which has a high need for construction activities. Hot melt adhesives are used in construction as a flooring adhesive, a window adhesive, or a door adhesive, among other things. With the growing demand for hot melt adhesive in the construction industry, hot glue guns are in high demand since they are empty glue guns that can test and process a variety of hot melt adhesives in a short amount of time. Hot melt glue gun is widely used in the auto and truck manufacturing industry and provides a strong, flexible bond. Hot melt glue gun is used to attach panels together even when they have different thermal expansion properties. Hot melt creates one of the strongest and reliable bonds in automotive and truck manufacturing.

In case of COVID-19, in North America, especially the US, 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 North America countries, i.e., Mexico, Canada, Panama and Costa Rica. 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 application, the market is segmented into packaging, construction, automotive, furniture, footwear, electronics, and others.The packaging segment is expected to grow at the fastest CAGR during the forecasted period.

The increased adoption of flexible packaging techniques across multiple industries, such as retail, pharmaceutical, food, and beverage, is predicted to drive up demand for packaging.The flexible packaging material includes a bag, pouch, and film.

The emergence of e-commerce businesses in the world is another factor that drives demand for packaging.As consumers’ attitudes toward health consciousness develop, the packaging industry is looking for more innovative food and beverage packaging materials.

The need for hot melt glue guns is increasing as the packaging industry expands. Durable glue guns that can run continuously over long periods of time are required for packaging and carton closure applications. Small, detailed cartons can be glued to heavy quality wraparound cases with a hot melt glue gun. It is ideal for bonding all types of packaging since the wide range of formulations available makes it simple to find the right one for any application. Even if packaging comes in a variety of materials, the use of a hot melt glue gun is unaffected because it can stick to all types of paper, board, and plastics, as well as a variety of other substrates. Beverage cartons, cookies and biscuits cartons, dairy product carton closures, agricultural box closures, instant noodles box sealing, cooking oil box closing, cooking sauce carton sealing, iron frame carton sealing, and other applications.

The overall North America 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 North America 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 North America hot melt glue gun market.A few of the key companies operating in the market are Ellsworth Adhesives, 3M, Arkema, Deluxe Packaging, Buhnen GmbH & Co.

KG, Infinity Bond Adhesives, Surebonder, and Adhesives Technologies Inc.

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