Polyamide Hma Market Overview
The Polyamide Hma market size is estimated to reach US$2.5 billion by 2027
after growing at a CAGR of 7.2% from 2022 to 2027. Polyamide Hma or hot melt
adhesive are non-volatile thermoplastic adhesives resins that are integrated
from dimer acid, ethylene diamine, sebacic acid and piperazine. The adhesives
provide good adhesion to substrates like metal, paper, rubber, plastic, wood,
ceramics, fabric and leather. Hence, due to high adhesive properties, polyamide
Hma is used in various sectors like automotive, paper, textile, wood and
electronics. Factors like growing automotive production, increase in production
of packaging grade and high demand for textile items are driving the growth of polyamide Hma market. However, availability of substitutes like
polyurethane hot melt adhesives and ethyl vinyl acetate can limit the usage of
polyamide Hma in bonding applications. This can hamper the growth of global
polyamide Hma industry.
COVID-19 Impact
COVID-19
had a negative impact on the activities of major end use industries of
polyamide Hma such as automotive, paper and wood. Global lockdown disrupted the
activities of these end users, on account of which their productivity decreased
resulting a decrease in polyamide Hma usage for bonding applications. For
instance, according to International Organization of Motor Vehicle Manufacture,
in 2020, global vehicle production was 77.7 million units compared to 92.1
million units made in 2019. Also, according to European Confederation of
European Paper Industries, in 2020, production of paper and paperboard
decreased by 5%. Further, according to China’s Ministry of Industry and
Information Technology, in First half of 2020, the output of the wood industry
fell by 11.7% to 385.83 million pieces of furniture. Dimer acid-based polyamide Hma is used in
automotive assembling, paperboard binding and wood binding. Hence, the decrease
in productivity of these sectors, reduced the usage of polyamide Hma in them.
This negatively impacted growth of global polyamide Hma industry.
Report Coverage
The “Polyamide Hma Market Report –
Forecast (2022 – 2027)”, by IndustryARC covers an in-depth analysis of the
following segments of the global polyamide Hma industry.
By Form – Liquid, and Solid
(Powder, Sticks, Films, and Others)
By Packaging Type – Carton Box, Sack Bag,
and Others
By Substrate – Paper, Rubber,
Metals, Plastics, Ceramics, Wood, and Others
By Application – Wood Binding, Oil
Filter Assembly, Textile Lamination, Automotive Assembly, Paperboard Binding,
General Product Assembly, and Other
By End Use Industry – Paper Industry,
Automotive (Passenger Vehicles, Light Commercial Vehicles, Heavy Commercial
Vehicles, and Others), Wood Industry, Electrical and Electronics, Packaging,
Textile, Footwear, and Others
By Geography - North America (USA, Canada, Mexico), Europe
(UK, Germany, France, Italy, Netherland, Spain, Russia, Belgium, Rest of
Europe), Asia-Pacific (China, India, Japan, South Korea, Australia, and New
Zealand, Indonesia, Taiwan, Malaysia, Rest of APAC), South America (Brazil,
Argentina, Colombia, Chile, Rest of South America), Rest of the World (Middle
East, Africa)
Key Takeaways
- Asia-Pacific dominates the global polyamide Hma industry as the region consists of major end user of polyamide Hma such as automobile, textile, paper and wood in economies like China & India, with China being the largest automobile maker.
- Polyamide Hma has high applicability in electronic sector as it encapsulates sensitive electronics, has high melting point and low flammability which makes is popular for circuit binding.
- The bonds of polyamide Hma show good resistance to mechanical forces, fuels, oils, and mold attacks due to which polyamide Hma are used in the manufacture of machines and instruments.
Figure: Asia-Pacific Polyamide Hma Market Revenue, 2021-2027 (US$ Billion)
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Polyamide Hma Market Segment Analysis – By Form
Solid
form held a significant share in polyamide Hma market in 2021 with a
share of over 62%. Polyamide Hma in solid form is applied at room temperature
and offer good characteristic properties like excellent plasticizer resistance,
low viscosity, and excellent adhesive performance at high temperature. Hence,
due to such rich properties, solid form Hma is used in various sectors like
automotive, paper and wood. The rapid development in these sectors has
increased their scale of productivity. For instance, according to European
Automobile Manufacturer Association, in 2021, commercial vehicle production was
2.1 million units, showing 1% increase. Also, according to Confederation of
European Paper Industries, in 2021, the share of packaging grade accounted
58.7% of total paper and board production. Further, according to China’s
Ministry of Industry and Information Technology, till May 2021, 426.75 million
furniture items were produced in China showing 32.7% increase. Such increase in productivity of
automotive, paper and wood sector will create more sage of dimer based solid
polyamide Hma, resulting a positive growth of global polyamide Hma industry.
Polyamide Hma Market Segment Analysis – By End Use Industry
Automotive sector held a significant share in polyamide Hma market in 2021 with a share of over 24%. Polyamide Hma is
majorly used in automotive industry as the bonds can pass
temperature tests required in the industry and they resist oil and grease. The growing demand for
automotive on account of rapid urbanization has resulted an increase in
production level of automotive. For instance, according to European Automobile
Manufacturer Association, in 2021, 79.1 million motor vehicles were produced
around the world, showing an increase of 1.3% compared to 2020. Polyamide Hma
that is integrated from ethylene diamine & piperazine is used in automotive
bonding like carpet bonding and door lamination. The increase in automotive
production will lead to increase in usage of polyamide Hma in automotive
sector, which will positively impact the growth of global polyamide Hma
industry.
Polyamide Hma Market Segment Analysis – By Geography
Asia-Pacific held the largest share in polyamide Hma market in 2021 with a share of over 36%. Major countries like China and India have rapid development in sectors like automotive, textiles and wood, which are major end users of polyamide Hma. Hence, the rapid development in these sectors has increased their output. For instance, according to International Organization of Motor Vehicle Manufacturer, in 2021, from 80 million units produced globally, China with 26 million units held maximum share of automotive production. Also, according to India Brand Equity Foundation, in 2021, India’s home textile exports grew by 9%. Further, according to China’s Ministry of Industry and Information Technology, in first eight months, a total of 706.64 million items of furniture were produced in China, showing 22.2% increase. Polyamide Hma is majorly used in automotive sector for assembling parts, in textile sector for laminating, and in wood sector for wood binding. The increase in production output of these sector will lead to more usage of piperazine based polyamide Hma in them. This results a positive growth for global polyamide Hma industry.
Polyamide Hma Market Drivers
Increase in Automotive Production
Polyamide Hma is used in automotive sector due
to its strong bonding feature and the adhesive is applied to carpet &
headliner bonding, waterproof membrane lamination of doors and for seating. The
increase in global automotive production on account of high demand for new vehicles
has positively impacted the usage of polyamide Hma derived from dimer acid and
piperazine. For instance, according to International Organization of Motor
Vehicle Manufacturer, in 2021, global vehicle production was 80.1 million units
in comparison to 77.7 million units made in 2020 showing 3% increase. The
increase in global vehicle production volume will create more usage of
polyamide Hma for automotive bonding, which will provide a boost to the growth
of global polyamide Hma industry.
Increase in production of Packaging Paper
Polyamide Hma is majorly used in packaging
industry as it provides an excellent adhesion on paper substrate. The polyamide
Hma has major use for closing the flaps of corrugated boxes and paperboard cartons.
Hence, with the increase in production of packaging grade paper the demand for
polyamide Hma for bonding flaps has also increased. For instance, according to
Confederation of European Paper Industries, in 2021, production of packaging grades mainly used for
transport packaging and corrugated boxes saw an increase of 7.8%. Also, the
output of carton board and other packaging board used for retail packaging
increased by 4.1%. Such increase in production packaging grades will lead to
more usage of polyamide Hma synthesized from dimer acid & ethylene diamine.
This will provide a positive impact on the growth of global polyamide Hma
industry.
Polyamide Hma Market Challenge
Availability of Substitutes
Polyamide Hma that is synthesized from dimer acid, ethylene
diamine and piperazine has low chemical resistance and its processing
temperature is 160°C to 200°C at which glue starts to degrade. Hence, other
substitutes like polyurethane hot melt adhesives is stronger and more resistant
to chemicals and heat. The availability of such effective substitute will limit
the usage of polyamide hot melt adhesives in certain bonding applications like
oil filter assembling. This will hamper the growth of global polyamide Hma
industry.
Polyamide Hma Industry Outlook
The companies to develop a strong regional presence and
strengthen their market position, continuously engage in mergers and
acquisitions. In the polyamide Hma market report, the global polyamide
Hma top 10 companies are:
1. Intercol
2. Buhnen Adhesives System
3. Bostik Inc.
4. Avery Dennison
5. 3M Company
6. H.B Fuller
7. Henkel
8. Sika AG
9. Beardow & ADAMS
10. Jowat
Recent Developments
- In 2021, Bostik acquired Prochimir and Fixatti and this acquisition will expand Bostik’s market share in hot melt products by enabling it to launch new offering including pellet, powder, web and film adhesives.
- In 2021, Meridian Adhesive’s Groups acquired Prime Blend LLC which is a manufacturer and formulator of hot melt adhesives primarily serving packaging, paper/film and foil converting, and furniture markets.
- In 2021, Henkel launched Technomelt Supra ECO a new range of hot melt adhesives that delivers greater sustainability and lower CO2 emissions while maintaining the performance of the Supra range.
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LIST OF TABLES
1.Global Polyamide Hma Market, by Type Market 2023-2030 ($M)2.Global Polyamide Hma Market Analysis and Forecast by Type and Application Market 2023-2030 ($M)
3.Global Polyamide Hma Market, by Type Market 2023-2030 (Volume/Units)
4.Global Polyamide Hma Market Analysis and Forecast by Type and Application Market 2023-2030 (Volume/Units)
5.North America Polyamide Hma Market, by Type Market 2023-2030 ($M)
6.North America Polyamide Hma Market Analysis and Forecast by Type and Application Market 2023-2030 ($M)
7.South America Polyamide Hma Market, by Type Market 2023-2030 ($M)
8.South America Polyamide Hma Market Analysis and Forecast by Type and Application Market 2023-2030 ($M)
9.Europe Polyamide Hma Market, by Type Market 2023-2030 ($M)
10.Europe Polyamide Hma Market Analysis and Forecast by Type and Application Market 2023-2030 ($M)
11.APAC Polyamide Hma Market, by Type Market 2023-2030 ($M)
12.APAC Polyamide Hma Market Analysis and Forecast by Type and Application Market 2023-2030 ($M)
13.MENA Polyamide Hma Market, by Type Market 2023-2030 ($M)
14.MENA Polyamide Hma Market Analysis and Forecast by Type and Application Market 2023-2030 ($M)
LIST OF FIGURES
1.US Global Polyamide Hma Industry Market Revenue, 2023-2030 ($M)2.Canada Global Polyamide Hma Industry Market Revenue, 2023-2030 ($M)
3.Mexico Global Polyamide Hma Industry Market Revenue, 2023-2030 ($M)
4.Brazil Global Polyamide Hma Industry Market Revenue, 2023-2030 ($M)
5.Argentina Global Polyamide Hma Industry Market Revenue, 2023-2030 ($M)
6.Peru Global Polyamide Hma Industry Market Revenue, 2023-2030 ($M)
7.Colombia Global Polyamide Hma Industry Market Revenue, 2023-2030 ($M)
8.Chile Global Polyamide Hma Industry Market Revenue, 2023-2030 ($M)
9.Rest of South America Global Polyamide Hma Industry Market Revenue, 2023-2030 ($M)
10.UK Global Polyamide Hma Industry Market Revenue, 2023-2030 ($M)
11.Germany Global Polyamide Hma Industry Market Revenue, 2023-2030 ($M)
12.France Global Polyamide Hma Industry Market Revenue, 2023-2030 ($M)
13.Italy Global Polyamide Hma Industry Market Revenue, 2023-2030 ($M)
14.Spain Global Polyamide Hma Industry Market Revenue, 2023-2030 ($M)
15.Rest of Europe Global Polyamide Hma Industry Market Revenue, 2023-2030 ($M)
16.China Global Polyamide Hma Industry Market Revenue, 2023-2030 ($M)
17.India Global Polyamide Hma Industry Market Revenue, 2023-2030 ($M)
18.Japan Global Polyamide Hma Industry Market Revenue, 2023-2030 ($M)
19.South Korea Global Polyamide Hma Industry Market Revenue, 2023-2030 ($M)
20.South Africa Global Polyamide Hma Industry Market Revenue, 2023-2030 ($M)
21.North America Global Polyamide Hma Industry By Application
22.South America Global Polyamide Hma Industry By Application
23.Europe Global Polyamide Hma Industry By Application
24.APAC Global Polyamide Hma Industry By Application
25.MENA Global Polyamide Hma Industry By Application