Hot Melt Glue Gun Market Outlook and Strategic Insights by 2028
Historic Data: 2018-2019 | Base Year: 2020 | Forecast Period: 2021-2028Hot Melt Glue Gun Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Gun Type (Corded, Cordless, and Hybrid) and Application (Packaging, Construction, Automotive, Furniture, Footwear, Electronics, and Others)
- Report Date : Jun 2021
- Report Code : TIPRE00022626
- Category : Consumer Goods
- Status : Published
- Available Report Formats :
- No. of Pages : 136
The hot melt glue gun market was valued at US$ 477.64 million in 2020 and is projected to reach US$ 715.13 million by 2028; it is expected to grow at a CAGR of 5.2% from 2021 to 2028.
Hot melt glue gun is a portable device that is utilized to dispense hot melt adhesives. These guns are available in various types such as corded, cordless, and hybrid. These guns offer convenience over other glue dispensing equipment. They dry quickly, having long-shelf life and easily disposable. The growing demand from packaging, DHP, and electronics industry, which requires precision adhesive dispensing is driving the market growth. Further, these glue gun finds vast application in automotive, construction, furniture, and other manufacturing industries that supports the growth of the hot melt glue gun market.
In 2020, Asia Pacific contributed to the largest share in the global hot melt glue gun market. The growing use of hot melt glue guns in packaging, DHP, and electronics industry from emerging economies such as China and India are anticipated to drive the demand for hot melt glue gun. Also, glue guns are used in construction industry for flooring wall tiles and carpets. Hot melt glue guns also find application in assembly of cars, trucks, and buses. They are used to connect small joints, mount trim, laminate large surfaces, as well as assemble various components, foams, fabrics, and plastics. Growing demand from these end-use industries will drive the demand for hot melt glue gun during the forecast period. In addition, the governments in the region are taking various initiatives to attract investments in industrial development, which further supports the growth of the hot melt glue gun market in region.
The hot glue gun market has experienced moderate growth in 2020 because of COVID-19, followed by a minor decline in demand. The market is being disrupted by COVID-19 because of slowdown of raw material production, supply chain instability, hampered trade movements, decrease in construction demand, and reduced demand for new projects. However, the demand for medical equipment, hygiene products, food packaging has risen due to an increase in the number of COVID-19 cases and the need for healthcare and quarantine buildings/units, which will positively impact the hot glue gun market. In addition, the ongoing COVID-19 pandemic has drastically altered the growth status of the hot melt glue gun industry. The outbreak has distorted operational efficiency and disrupted the value chains due to the sudden shutdown of national and international boundaries, creating revenue loss and damage. The disturbed value chain has had a negative impact on raw material supply. However, as the economies are planning to revive their operations, the demand for hot melt glue gun is expected to rise globally in the coming months.
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Hot Melt Glue Gun Market: Strategic Insights
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Hot Melt Glue Gun Market: Strategic Insights
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Market Insights
Consistent Growing Demand from Packaging and Electronics Industry
Hot melt glue gun is widely used in packaging industry for carton closing, sealing, pallet stabilization, flexible packaging, and others. Hot melt adhesives can bind small, detailed boxes to high strength wraparound containers. It is ideal for bonding various sorts of packaging such as beverage cartons, dairy product carton closures, cooking sauce carton sealing, iron frame carton sealing, and other applications because of the wide range of formulations available. In addition, in flexible packaging the hot melt is also used for medical packaging for various purposes such as bandage wraps, tobacco and overwraps, tamper evident lidding, and others. The hot melt has a great heat resistance, coupled with formulas that can endure temperatures as low as -40˚C and humid environment. The hot melt glue gun helps in dispensing the hot melt adhesives effectively. Most of the packaging business requires rapid bond formation, and hot melt glue guns are ideal since they do not require drying, are long lasting, and set up quickly. Further, hot melt glue gun is also used in the electronics industry for assembly of screens, covers, batteries, and other items. Hot melt adhesives are widely used in the production, sealing, and labelling of electronics by many manufacturers. These adhesives are often used to affix parts and cables or as an agent for fastening, insulating, or shielding electronics components due to their flexible nature and ability to operate effectively in a wide range of temperatures. Therefore, the rising use of hot melt glue gun in packaging and electronics industry is expected to stimulate growth of the global hot melt glue gun market.
Gun Type Insights
Based on gun type, the hot glue gun market is segmented into corded hot melt glue gun, cordless hot melt glue gun, and hybrid hot melt glue gun. The corded hot melt glue gun segment held the largest share in the global market in 2020 and it is estimated to maintain its dominance during the forecast period. Corded guns are specifically designed to work for both heavy and light industrial applications. Most of the corded guns are compatible with hot melt sticks, hot melt slugs/cartridges or even pellets thus they are preferred to use in vast applications ranging from packaging to crafts and DIYs. They can be used by both industrial and retail customers. Corded hot melt glue guns are low in cost as compared to cordless glue guns and they are available in all sizes such as mini, generic, and big etc. Continuous upgradation in product specifications and technical features is expected to support the growth of corded hot melt glue gun during the forecast period. For instance, Themisto – Built With Passion 150W Multi-Temperature High Power Hot Melt comes with dial-based knob at the hostler base, which helps to adjust the temperature from 100˚C to 200˚C depending on use and desire.
Application Insights
Based on application, the global hot melt glue gun market is segmented into packaging, construction, automotive, furniture, footwear, electronics, and others. Packaging industry is among the major consumer for hot melt adhesives as it is used in manufacturing containers, carton side seam & closures, cups, tubes, bags, labels, specialty envelopes, films, disposables (non-woven), foil laminates, and corrugated boards. Hot glue guns are used to dispense hot glue in precise manner and depending upon the packaging type the settings of hot melt glue gun can also be changed. For instance, the temperature, the power, the amount, or speed of glue to be dispensed etc. Thus, the convenience, easy operation, less time, and compact nature of hot melt glue is expected the drive of the demand during the forecast period. Apart from packaging, hot melt glue gun are also used in automotive, construction, furniture and woodworking, electronics, product assembly and many other applications, which is expected to propel the demand for hot melt glue gun.
Key market players operating in the hot melt glue gun market include Ratiobond Klebesysteme Gmbh, Ellsworth Adhesives, 3M, Arkema, Deluxe Packaging, Ad Tech, Buehnen, Infinity Bond Adhesives, and Surebonder and Steinel, among others. The major players in the hot melt glue gun market are focused on strategies such as mergers and acquisitions and research & development to increase the geographical presence and consumer base globally. For instance, the Surebonder offers wide range of hot melt glue gun under different categories such as Ultra Series, Professional Series, Specilaty Series, Industrial Series etc. specifically designed for various applications.
Report Spotlights
- Progressive industry trends in the global hot melt glue gun market to help players develop effective long-term strategies
- Business growth strategies adopted by developed and developing markets
- Quantitative analysis of the global hot melt glue gun market from 2020 to 2028
- Estimation of the demand for hot melt glue gun across various industries
- PEST analysis to illustrate the efficacy of buyers and suppliers operating in the industry to predict market growth
- Recent developments to understand the competitive market scenario and the demand for hot melt glue gun
- Market trends and outlook coupled with factors driving and restraining the growth of the hot melt glue gun market
- Decision-making process by understanding strategies that underpin commercial interest with regard to global hot melt glue gun market growth
- Water-based ink market size at various nodes of market
- Detailed overview and segmentation of the global hot melt glue gun market, as well as its dynamics in the industry
- Water-based ink market size in various regions with promising growth opportunities
Hot Melt Glue Gun Market Regional Insights
The regional trends and factors influencing the Hot Melt Glue Gun Market throughout the forecast period have been thoroughly explained by the analysts at The Insight Partners. This section also discusses Hot Melt Glue Gun Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
Hot Melt Glue Gun Market Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2020 | US$ 477.64 Million |
| Market Size by 2028 | US$ 715.13 Million |
| Global CAGR (2020 - 2028) | 5.2% |
| Historical Data | 2018-2019 |
| Forecast period | 2021-2028 |
| Segments Covered |
By Gun Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
Hot Melt Glue Gun Market Players Density: Understanding Its Impact on Business Dynamics
The Hot Melt Glue Gun Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
- Get the Hot Melt Glue Gun Market top key players overview
Hot Melt Glue Gun Market, by Gun Type
- Corded
- Cordless
- Hybrid
Hot Melt Glue Gun Market, by Application
- Packaging
- Construction
- Automotive
- Furniture
- Footwear
- Electronics
- Others
Company Profiles
- Ratiobond Klebesysteme Gmbh
- Ellsworth Adhesives
- 3M
- Arkema
- Deluxe Packaging
- Ad Tech
- Buehnen
- Infinity Bond Adhesives
- Surebonder
- Steinel
Frequently Asked Questions
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
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The List of Companies - Hot Melt Glue Gun Market
- Ratiobond Klebesysteme Gmbh
- Ellsworth Adhesives
- 3M
- Arkema
- Deluxe Packaging
- Ad Tech
- Buehnen
- Infinity Bond Adhesives
- Surebonder
- Steinel
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