Hot Melt Glue Gun Market is expected to reach US$ 715.13 million by 2028

Consistent Growing Demand from Packaging and Electronics Industry to Escalate Hot Melt Glue Gun Market Growth 

According to our latest market study on “Hot Melt Glue Gun Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Gun Type (Corded, Cordless, Hybrid); by Application (Packaging, Construction, Automotive, Furniture, Footwear, Electronics, Others),” the 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.  The report highlights key factors driving the market growth and prominent players along with their developments in the market.

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.

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.

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.

Impact of COVID-19 Pandemic on Hot Melt Glue Gun Market

The COVID-19 outbreak was first reported in Wuhan (China) in December 2019, and it has spread rapidly since then. As of May 2021, the US, India, Brazil, Russia, the UK, France, Spain, Italy, Turkey, Germany, Colombia, and Argentina are among the worst-affected nations in terms of reported cases and deaths. In addition, due to lockdowns, travel bans, and business shutdowns, the pandemic has severely impacted economies and industries in a number of countries. Chemicals & materials is one of the significant industries experiencing severe disruptions as a result of supply chain breakdowns and plant closures. The closure of numerous manufacturing plants and factories in key regions such as North America, Europe, and APAC has hampered the global supply chain, as well as manufacturing processes, distribution schedules, and product sales. The market is being disrupted by COVID-19 because of slowdown of hot melt glue gun production, supply chain instability, hampered trade movements, decrease in end-use industry demand, and reduced demand for new projects. 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.

The report includes the segmentation of the global hot melt glue gun market as follows:

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

Global Hot Melt Glue Gun Market, by Geography

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • France
  • UK
  • Italy
  • Rest of Europe
• Asia Pacific (APAC)
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific
• Middle East & Africa (MEA)
  
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East & Africa
• South America
  
  • Brazil
  • Argentina
  • Rest of South America

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