North America Hot Melt Glue Gun Market is expected to reach US$ 188.08 Mn by 2028


PRESS RELEASE BY The Insight Partners 23 Jul 2021

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Corded Segment to Dominate North America Hot Melt Glue Gun Market during 2021-2028

According to The Insight Partners market research study on “North America Hot Melt Glue Gun Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast – by Gun Type, Application and Country,” is expected to reach US$ 188.08 million by 2028 from US$ 130.57 million in 2021. The market is estimated to grow at a CAGR of 5.4% from 2021 to 2028. The report provides trends prevailing in the North America hot melt glue gun market along with the drivers and restraints pertaining to the market growth. Consistent Growing demand from the packaging and electronics industry and advantages over solvent-based adhesives or other fasteners in industrial applications are the major factors driving the growth of the North America hot melt glue gun market. However, the availability of other superior glue dispense tools or systems may hinder the growth of North America hot melt glue gun market.

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.

The market for North America hot melt glue gun is segmented into gun type, application and country. Based on gun type, the market is segmented into corded, cordless hybrid hot melt glue gun. In 2020, the corded segment held the largest share in North America hot melt glue gun market. Based on application, the North America hot melt glue gun is divided into packaging, construction, automotive, furniture, footwear, electronics, and others. The packaging segment is expected to be the fastest growing segment over the forecast period. Furthermore, in this present scenario of COVID 19 pandemic, the North America hot melt glue gun market has been facing difficulties and several countries have suffered heavily. The manufacturing sectors in the North America countries have been experiencing low production and a weak supply chain. Thereby, impacting the market for hot melt glue gun.

Ellsworth Adhesives, 3M, Arkema, Deluxe Packaging, Buhnen GmbH & Co. KG, Infinity Bond Adhesives, Surebonder and Adhesives Technologies Inc. are some of the leading companies in the North America hot melt glue gun market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.

The report segments the North America Hot melt glue gun Market as follows:

  • North America Hot Melt Glue Gun Market – By Gun Type
    • Corded
    • Cordless
    • Hybrid
  • North America Hot Melt Glue Gun Market – By Application
    • Packaging
    • Construction
    • Automotive
    • Furniture
    • Footwear
    • Electronics
    • Others
  • North America Hot Melt Glue Gun Market – By Country
    • US
    • Canada
    • Mexico

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