Hot Melt Glue Gun Market Size, Share | Global Analysis by 2028
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
Market Size Value in US$ 477.64 Million in 2020 Market Size Value by US$ 715.13 Million by 2028 Growth rate CAGR of 5.2% from 2021-2028 Forecast Period 2021-2028 Base Year 2021
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Hot Melt Glue Gun Market: Strategic Insights
| Market Size Value in | US$ 477.64 Million in 2020 |
| Market Size Value by | US$ 715.13 Million by 2028 |
| Growth rate | CAGR of 5.2% from 2021-2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
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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 Report Scope
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
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Gun Type and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
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 degrees centigrade to 200 degrees centigrade depending on use and desire.
The major players operating in the global hot melt glue gun market are Ratiobond Klebesysteme Gmbh, Ellsworth Adhesives, 3M, Arkema, Deluxe Packaging, Ad Tech, Buehnen , Infinity Bond Adhesives, Surebonder and Steinel among others.
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 is anticipated to drive the demand for hot melt glue gun. Apart from that glue guns are also 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 and 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 hot melt adhesive which directly drives the demand for hot melt glue gun in region.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Hot Melt Glue Gun Market, by Gun Type
1.3.2 Hot Melt Glue Gun Market, by Application
1.3.3 Hot Melt Glue Gun Market, by Geography
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. Hot Melt Glue Gun Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 APAC
4.2.4 MEA
4.2.5 SAM
4.3 Expert Opinion
5. Hot Melt Glue Gun Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Consistent Growing Demand From Packaging and Electronics Industry
5.1.2 Advantages Over Solvent-Based Adhesives Or Other Fasteners In Industrial Applications
5.2 Market Restraints
5.2.1 Availability of Other Superior Glue Dispense Tools or Systems
5.3 Market Opportunities:
5.3.1 Growing Usage In Disposable Hygiene Products And Medical Devices
5.4 Future Trends:
5.4.1 New Product Innovations
5.5 Impact Analysis of Drivers and Restraints
6. Hot Melt Glue Gun – Global Market Analysis
6.1 Hot Melt Glue Gun Market Overview
6.2 Hot Melt Glue Gun Market –Revenue and Forecast to 2028 (US$ Mn)
6.3 Market Player Positioning – Global Hot Melt Glue Gun Market
7. Global Hot Melt Glue Gun Market Analysis – By Type
7.1 Overview
7.2 Global Hot Melt Glue Gun Market Breakdown, By Gun Type, 2020 & 2028
7.3 Corded Hot Melt Glue Gun
7.3.1 Overview
7.3.2 Corded Hot Melt Glue Gun: Hot Melt Glue Gun Market – Revenue, and Forecast to 2028 (US$ Mn)
7.4 Cordless Hot Melt Glue Gun
7.4.1 Overview
7.4.2 Cordless Hot Melt Glue Gun: Hot Melt Glue Gun Market – Revenue, and Forecast to 2028 (US$ Mn)
7.5 Hybrid Hot Melt Glue Gun
7.5.1 Overview
7.5.2 Hybrid Hot Melt Glue Gun: Hot Melt Glue Gun Market – Revenue, and Forecast to 2028 (US$ Mn)
8. Global Hot Melt Glue Gun Market Analysis – By Application
8.1 Overview
8.2 Hot Melt Glue Gun Market Breakdown, By Application, 2020 & 2028
8.3 Packaging
8.3.1 Overview
8.3.2 Packaging: Hot Melt Glue Gun Market – Revenue, and Forecast to 2028 (US$ Mn)
8.4 Construction
8.4.1 Overview
8.4.2 Construction: Hot Melt Glue Gun Market – Revenue, and Forecast to 2028 (US$ Mn)
8.5 Automotive
8.5.1 Overview
8.5.2 Automotive: Hot Melt Glue Gun Market – Revenue, and Forecast to 2028 (US$ Mn)
8.6 Furniture
8.6.1 Overview
8.6.2 Furniture : Hot Melt Glue Gun Market – Revenue, and Forecast to 2028 (US$ Mn)
8.7 Footwear
8.7.1 Overview
8.7.2 Footwear: Hot Melt Glue Gun Market – Revenue, and Forecast to 2028 (US$ Mn)
8.8 Electronics
8.8.1 Overview
8.8.2 Electronics : Hot Melt Glue Gun Market – Revenue, and Forecast to 2028 (US$ Mn)
8.9 Others
8.9.1 Overview
8.9.2 Others: Hot Melt Glue Gun Market – Revenue, and Forecast to 2028 (US$ Mn)
9. Hot Melt Glue Gun Market – Geographic Analysis
9.1 Overview
9.2 North America: Hot Melt Glue Gun Market
9.2.1 North America: Hot Melt Glue Gun Market – Revenue and Forecast to 2028(US$ Million)
9.2.2 North America: Hot Melt Glue Gun Market, by Gun Type
9.2.3 North America: Hot Melt Glue Gun Market, by Application
9.2.4 North America: Hot Melt Glue Gun Market, by Key Country
9.2.4.1 US: Hot Melt Glue Gun Market –Revenue and Forecast to 2028 (US$ Million)
9.2.4.1.1 US: Hot Melt Glue Gun Market, by Gun Type
9.2.4.1.2 US: Hot Melt Glue Gun Market, by Application
9.2.4.2 Canada: Hot Melt Glue Gun Market –Revenue and Forecast to 2028 (US$ Million)
9.2.4.2.1 Canada: Hot Melt Glue Gun Market, by Gun Type
9.2.4.2.2 Canada: Hot Melt Glue Gun Market, by Application
9.2.4.3 Mexico: Hot Melt Glue Gun Market –Revenue and Forecast to 2028 (US$ Million)
9.2.4.3.1 Mexico: Hot Melt Glue Gun Market, by Gun Type
9.2.4.3.2 Mexico: Hot Melt Glue Gun Market, by Application
9.3 Europe: Hot Melt Glue Gun Market
9.3.1 Europe: Hot Melt Glue Gun Market – Revenue and Forecast to 2028(US$ Million)
9.3.2 Europe: Hot Melt Glue Gun Market, by Gun Type
9.3.3 Europe: Hot Melt Glue Gun Market, by Application
9.3.4 Europe: Hot Melt Glue Gun Market, by Key Country
9.3.4.1 Germany: Hot Melt Glue Gun Market –Revenue and Forecast to 2028 (US$ Million)
9.3.4.1.1 Germany: Hot Melt Glue Gun Market, by Gun Type
9.3.4.1.2 Germany: Hot Melt Glue Gun Market, by Application
9.3.4.2 France: Hot Melt Glue Gun Market –Revenue and Forecast to 2028 (US$ Million)
9.3.4.2.1 France: Hot Melt Glue Gun Market, by Gun Type
9.3.4.2.2 France: Hot Melt Glue Gun Market, by Application
9.3.4.3 Italy: Hot Melt Glue Gun Market –Revenue and Forecast to 2028 (US$ Million)
9.3.4.3.1 Italy: Hot Melt Glue Gun Market, by Gun Type
9.3.4.3.2 Italy: Hot Melt Glue Gun Market, by Application
9.3.4.4 UK: Hot Melt Glue Gun Market –Revenue and Forecast to 2028 (US$ Million)
9.3.4.4.1 UK: Hot Melt Glue Gun Market, by Gun Type
9.3.4.4.2 UK: Hot Melt Glue Gun Market, by Application
9.3.4.5 Russia: Hot Melt Glue Gun Market –Revenue and Forecast to 2028 (US$ Million)
9.3.4.5.1 Russia: Hot Melt Glue Gun Market, by Gun Type
9.3.4.5.2 Russia: Hot Melt Glue Gun Market, by Application
9.3.4.6 Rest of Europe: Hot Melt Glue Gun Market –Revenue and Forecast to 2028 (US$ Million)
9.3.4.6.1 Rest of Europe: Hot Melt Glue Gun Market, by Gun Type
9.3.4.6.2 Rest of Europe: Hot Melt Glue Gun Market, by Application
9.4 APAC: Hot Melt Glue Gun market
9.4.1 APAC: Hot Melt Glue Gun Market – Revenue and Forecast to 2028(US$ Million)
9.4.2 APAC: Hot Melt Glue Gun Market, by Gun Type
9.4.3 APAC: Hot Melt Glue Gun Market, by Application
9.4.4 APAC: Hot Melt Glue Gun Market, by Key Country
9.4.4.1 Australia: Hot Melt Glue Gun Market –Revenue and Forecast to 2028 (US$ Million)
9.4.4.1.1 Australia: Hot Melt Glue Gun Market, by Gun Type
9.4.4.1.2 Australia: Hot Melt Glue Gun Market, by Application
9.4.4.2 China: Hot Melt Glue Gun Market –Revenue and Forecast to 2028 (US$ Million)
9.4.4.2.1 China: Hot Melt Glue Gun Market, by Gun Type
9.4.4.2.2 China: Hot Melt Glue Gun Market, by Application
9.4.4.3 Japan: Hot Melt Glue Gun Market –Revenue and Forecast to 2028 (US$ Million)
9.4.4.3.1 Japan: Hot Melt Glue Gun Market, by Gun Type
9.4.4.3.2 Japan: Hot Melt Glue Gun Market, by Application
9.4.4.4 India: Hot Melt Glue Gun Market –Revenue and Forecast to 2028 (US$ Million)
9.4.4.4.1 India: Hot Melt Glue Gun Market, by Gun Type
9.4.4.4.2 India: Hot Melt Glue Gun Market, by Application
9.4.4.5 South Korea: Hot Melt Glue Gun Market –Revenue and Forecast to 2028 (US$ Million)
9.4.4.5.1 South Korea: Hot Melt Glue Gun Market, by Gun Type
9.4.4.5.2 South Korea: Hot Melt Glue Gun Market, by Application
9.4.4.6 Rest of APAC: Hot Melt Glue Gun Market –Revenue and Forecast to 2028 (US$ Million)
9.4.4.6.1 Rest of APAC: Hot Melt Glue Gun Market, by Gun Type
9.4.4.6.2 Rest of APAC: Hot Melt Glue Gun Market, by Application
9.5 Middle East and Africa: Hot Melt Glue Gun Market
9.5.1 Middle East and Africa: Hot Melt Glue Gun Market –Revenue and Forecast to 2028(US$ Million)
9.5.2 Middle East and Africa: Hot Melt Glue Gun market, by Gun Type
9.5.3 Middle East and Africa: Hot Melt Glue Gun market, by Application
9.5.4 Middle East and Africa: Hot Melt Glue Gun Market, by Key Country
9.5.4.1 South Africa: Hot Melt Glue Gun Market –Revenue and Forecast to 2028 (US$ Million)
9.5.4.1.1 South Africa: Hot Melt Glue Gun Market, by Application
9.5.4.2 Saudi Arabia: Hot Melt Glue Gun Market –Revenue and Forecast to 2028 (US$ Million)
9.5.4.2.1 Saudi Arabia: Hot Melt Glue Gun Market, by Gun Type
9.5.4.2.2 Saudi Arabia: Hot Melt Glue Gun Market, by Application
9.5.4.3 UAE: Hot Melt Glue Gun Market –Revenue and Forecast to 2028 (US$ Million)
9.5.4.3.1 UAE: Hot Melt Glue Gun Market, by Gun Type
9.5.4.3.2 UAE: Hot Melt Glue Gun Market, by Application
9.5.4.4 Rest of Middle East and Africa: Hot Melt Glue Gun Market –Revenue and Forecast to 2028 (US$ Million)
9.5.4.4.1 Rest of Middle East and Africa: Hot Melt Glue Gun Market, by Gun Type
9.5.4.4.2 Rest of Middle East and Africa: Hot Melt Glue Gun Market, by Application
9.6 South America: Hot Melt Glue Gun Market
9.6.1 South America: Hot Melt Glue Gun Market –Revenue and Forecast to 2028(US$ Million)
9.6.2 South America: Hot Melt Glue Gun Market, by Gun Type
9.6.3 South America: Hot Melt Glue Gun Market, by Application
9.6.4 South America: Hot Melt Glue Gun Market, by Key Country
9.6.4.1 Brazil: Hot Melt Glue Gun Market –Revenue and Forecast to 2028 (US$ Million)
9.6.4.1.1 Brazil: Hot Melt Glue Gun Market, by Gun Type
9.6.4.1.2 Brazil: Hot Melt Glue Gun Market, by Application
9.6.4.2 Argentina: Hot Melt Glue Gun Market –Revenue and Forecast to 2028 (US$ Million)
9.6.4.2.1 Argentina: Hot Melt Glue Gun Market, by Gun Type
9.6.4.2.2 Argentina: Hot Melt Glue Gun Market, by Application
9.6.4.3 Rest of South America: Hot Melt Glue Gun Market –Revenue and Forecast to 2028 (US$ Million)
9.6.4.3.1 Rest of South America: Hot Melt Glue Gun Market, by Gun Type
9.6.4.3.2 Rest of South America: Hot Melt Glue Gun Market, by Application
10. Impact of COVID-19 Pandemic on Global Hot Melt Glue Gun Market
10.1 North America: Impact Assessment of COVID-19 Pandemic
10.2 Europe: Impact Assessment of COVID-19 Pandemic
10.3 APAC: Impact Assessment of COVID-19 Pandemic
10.4 Middle East & Africa: Impact Assessment of COVID-19 Pandemic
10.5 South America: Impact Assessment of COVID-19 Pandemic
11. Key Company Profiles
11.1 3M
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 STEINEL
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Surebonder
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Deluxe Packaging
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Bühnen GmbH & Co. KG
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Adhesive Technologies, Inc.
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Infinity Bond Adhesives
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Arkema
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 ratiobond Klebesysteme GmbH
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.10 Ellsworth Adhesives
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
12. Appendix
12.1 About The Insight Partners
12.2 Glossary of Terms
LIST OF TABLES
Table 1. Hot Melt Glue Gun Market –Revenue and Forecast to 2028 (US$ Mn)
Table 1. North America Hot Melt Glue Gun Market, by Gun Type – Revenue and Forecast to 2028 (US$ Million)
Table 2. North America Hot Melt Glue Gun Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 3. US Hot Melt Glue Gun Market, by Gun Type – Revenue and Forecast to 2028 (US$ Million)
Table 4. US Hot Melt Glue Gun Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 5. Canada Hot Melt Glue Gun Market, by Gun Type – Revenue and Forecast to 2028 (US$ Million)
Table 6. Canada Hot Melt Glue Gun Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 7. Mexico Hot Melt Glue Gun Market, by Gun Type – Revenue and Forecast to 2028 (US$ Million)
Table 8. Mexico Hot Melt Glue Gun Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 9. Europe Hot Melt Glue Gun Market, by Gun Type – Revenue and Forecast to 2028 (US$ Million)
Table 10. Europe Hot Melt Glue Gun Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 11. Germany Hot Melt Glue Gun Market, by Gun Type – Revenue and Forecast to 2028 (US$ Million)
Table 12. Germany Hot Melt Glue Gun Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 13. France Hot Melt Glue Gun Market, by Gun Type – Revenue and Forecast to 2028 (US$ Million)
Table 14. France Hot Melt Glue Gun Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 15. Italy Hot Melt Glue Gun Market, by Gun Type – Revenue and Forecast to 2028 (US$ Million)
Table 16. Italy Hot Melt Glue Gun Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 17. UK Hot Melt Glue Gun Market, by Gun Type – Revenue and Forecast to 2028 (US$ Million)
Table 18. UK Hot Melt Glue Gun Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 19. Russia Hot Melt Glue Gun Market, by Gun Type – Revenue and Forecast to 2028 (US$ Million)
Table 20. Russia Hot Melt Glue Gun Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 21. Rest of Europe Hot Melt Glue Gun Market, by Gun Type – Revenue and Forecast to 2028 (US$ Million)
Table 22. Rest of Europe Hot Melt Glue Gun Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 23. APAC Hot Melt Glue Gun Market, by Gun Type – Revenue and Forecast to 2028 (US$ Million)
Table 24. APAC Hot Melt Glue Gun Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 25. Australia Hot Melt Glue Gun Market, by Gun Type – Revenue and Forecast to 2028 (US$ Million)
Table 26. Australia Hot Melt Glue Gun Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 27. China Hot Melt Glue Gun Market, by Gun Type – Revenue and Forecast to 2028 (US$ Million)
Table 28. China Hot Melt Glue Gun Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 29. Japan Hot Melt Glue Gun Market, by Gun Type – Revenue and Forecast to 2028 (US$ Million)
Table 30. Japan Hot Melt Glue Gun Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 31. India Hot Melt Glue Gun Market, by Gun Type – Revenue and Forecast to 2028 (US$ Million)
Table 32. India Hot Melt Glue Gun Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 33. South Korea Hot Melt Glue Gun Market, by Gun Type – Revenue and Forecast to 2028 (US$ Million)
Table 34. South Korea Hot Melt Glue Gun Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 35. Rest of APAC Hot Melt Glue Gun Market, by Gun Type – Revenue and Forecast to 2028 (US$ Million)
Table 36. Rest of APAC Hot Melt Glue Gun Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 37. MEA Hot Melt Glue Gun Market, by Gun Type – Revenue and Forecast to 2028 (US$ Million)
Table 38. MEA Hot melt glue gun Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 39. South Africa Hot Melt Glue Gun Market, by Gun Type – Revenue and Forecast to 2028 (US$ Million)
Table 40. South Africa Hot Melt Glue Gun Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 41. Saudi Arabia Hot Melt Glue Gun Market, by Gun Type – Revenue and Forecast to 2028 (US$ Million)
Table 42. Saudi Arabia Hot Melt Glue Gun Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 43. UAE Hot Melt Glue Gun Market, by Gun Type – Revenue and Forecast to 2028 (US$ Million)
Table 44. UAE Hot Melt Glue Gun Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 45. Rest of MEA Hot Melt Glue Gun Market, by Gun Type – Revenue and Forecast to 2028 (US$ Million)
Table 46. Rest of MEA Hot Melt Glue Gun Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 55. Glossary of Terms, Global Hot Melt Glue Gun Market
LIST OF FIGURES
Figure 1. Hot Melt Glue Gun Market Segmentation
Figure 2. Hot Melt Glue Gun Market Segmentation – By Geography
Figure 3. Global Hot Melt Glue Gun Market Overview
Figure 4. Corded Glue Gun Segment Held Largest Share of Global Hot Melt Glue Gun Market
Figure 5. Asia Pacific Region Held Largest Share of Global Hot Melt Glue Gun Market
Figure 6. North America: PEST Analysis
Figure 7. Europe: PEST Analysis
Figure 8. APAC: PEST Analysis
Figure 9. MEA: PEST Analysis
Figure 10. SAM: PEST Analysis
Figure 11. Expert Opinion
Figure 12. Hot Melt Glue Gun Market Impact Analysis of Drivers and Restraints
Figure 13. Geographic Overview of Hot Melt Glue Gun Market
Figure 14. Hot Melt Glue Gun Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 15. Global Hot Melt Glue Gun Market Breakdown, By Gun Type, 2020 & 2028
Figure 16. Corded Hot Melt Glue Gun: Hot Melt Glue Gun Market – Revenue, and Forecast to 2028 (US$ Mn)
Figure 17. Cordless Hot Melt Glue Gun: Hot Melt Glue Gun Market – Revenue, and Forecast to 2028 (US$ Mn)
Figure 18. Hybrid Hot Melt Glue Gun: Hot Melt Glue Gun Market – Revenue, and Forecast to 2028 (US$ Mn)
Figure 19. Hot Melt Glue Gun Market Breakdown, By Application 2020 & 2028 (%)
Figure 20. Packaging: Hot Melt Glue Gun Market – Revenue, and Forecast to 2028 (US$ Mn)
Figure 21. Construction : Hot Melt Glue Gun Market – Revenue, and Forecast to 2028 (US$ Mn)
Figure 22. Automotive : Hot Melt Glue Gun Market – Revenue, and Forecast to 2028 (US$ Mn)
Figure 23. Furniture : Hot Melt Glue Gun Market – Revenue, and Forecast to 2028 (US$ Mn)
Figure 24. Footwear: Hot Melt Glue Gun Market – Revenue, and Forecast to 2028 (US$ Mn)
Figure 25. Electronics: Hot Melt Glue Gun Market – Revenue, and Forecast to 2028 (US$ Mn)
Figure 26. Others: Hot Melt Glue Gun Market – Revenue, and Forecast to 2028 (US$ Mn)
Figure 27. Global Hot Melt Glue Gun Market Revenue Share, by Region (2020 and 2028)
Figure 28. North America: Hot Melt Glue Gun Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. North America: Hot Melt Glue Gun Market Revenue Share, by Gun Type (2020 and 2028)
Figure 30. North America: Hot Melt Glue Gun Market Revenue Share, by Application (2020 and 2028)
Figure 31. North America: Hot Melt Glue Gun Market Revenue Share, by Key Country (2020 and 2028)
Figure 32. US: Hot Melt Glue Gun Market –Revenue and Forecast to 2028 (US$ Million)
Figure 33. Canada: Hot Melt Glue Gun Market –Revenue and Forecast to 2028 (US$ Million)
Figure 34. Mexico: Hot Melt Glue Gun Market –Revenue and Forecast to 2028 (US$ Million)
Figure 35. Europe: Hot Melt Glue Gun Market – Revenue and Forecast to 2028 (US$ Million)
Figure 36. Europe: Hot Melt Glue Gun Market Revenue Share, by Gun Type (2020 and 2028)
Figure 37. Europe: Hot Melt Glue Gun Market Revenue Share, by Application (2020 and 2028)
Figure 38. Europe: Hot Melt Glue Gun Market Revenue Share, by Key Country (2020 and 2028)
Figure 39. Germany: Hot Melt Glue Gun Market –Revenue and Forecast to 2028 (US$ Million)
Figure 40. France: Hot Melt Glue Gun Market –Revenue and Forecast to 2028 (US$ Million)
Figure 41. Italy: Hot Melt Glue Gun Market –Revenue and Forecast to 2028 (US$ Million)
Figure 42. UK: Hot Melt Glue Gun Market –Revenue and Forecast to 2028 (US$ Million)
Figure 43. Russia: Hot Melt Glue Gun Market –Revenue and Forecast to 2028 (US$ Million)
Figure 44. Rest of Europe: Hot Melt Glue Gun Market –Revenue and Forecast to 2028 (US$ Million)
Figure 45. APAC: Hot Melt Glue Gun Market – Revenue and Forecast to 2028 (US$ Million)
Figure 46. APAC: Hot Melt Glue Gun Market Revenue Share, by Gun Type (2020 and 2028)
Figure 47. APAC: Hot Melt Glue Gun Market Revenue Share, by Application (2020 and 2028)
Figure 48. APAC: Hot Melt Glue Gun Market Revenue Share, by Key Country (2020 and 2028)
Figure 49. Australia: Hot Melt Glue Gun Market –Revenue and Forecast to 2028 (US$ Million)
Figure 50. China: Hot Melt Glue Gun Market –Revenue and Forecast to 2028 (US$ Million)
Figure 51. Japan: Hot Melt Glue Gun Market –Revenue and Forecast to 2028 (US$ Million)
Figure 52. India: Hot Melt Glue Gun Market –Revenue and Forecast to 2028 (US$ Million)
Figure 53. South Korea: Hot Melt Glue Gun Market –Revenue and Forecast to 2028 (US$ Million)
Figure 54. Rest of APAC: Hot Melt Glue Gun Market –Revenue and Forecast to 2028 (US$ Million)
Figure 55. Middle East and Africa: Hot Melt Glue Gun market – Revenue and Forecast to 2028 (US$ Million)
Figure 56. Middle East and Africa: Hot Melt Glue Gun Market Revenue Share, by Gun Type (2020 and 2028)
Figure 57. Middle East and Africa: Hot Melt Glue Gun Market Revenue Share, by Application (2020 and 2028)
Figure 58. Middle East and Africa: Hot Melt Glue Gun Market Revenue Share, by Key Country (2020 and 2028)
Figure 59. South Africa: Hot Melt Glue Gun Market –Revenue and Forecast to 2028 (US$ Million)
Figure 60. Saudi Arabia: Hot Melt Glue Gun Market –Revenue and Forecast to 2028 (US$ Million)
Figure 61. UAE: Hot Melt Glue Gun Market –Revenue and Forecast to 2028 (US$ Million)
Figure 62. Rest of Middle East and Africa: Hot Melt Glue Gun Market –Revenue and Forecast to 2028 (US$ Million)
Figure 63. South America: Hot Melt Glue Gun Market – Revenue and Forecast to 2028 (US$ Million)
Figure 64. South America: Hot Melt Glue Gun Market Revenue Share, by Gun Type (2020 and 2028)
Figure 65. South America: Hot Melt Glue Gun Market Revenue Share, by Application (2020 and 2028)
Figure 66. South America: Hot Melt Glue Gun Market Revenue Share, by Key Country (2020 and 2028)
Figure 67. Brazil: Hot Melt Glue Gun Market –Revenue and Forecast to 2028 (US$ Million)
Figure 68. Argentina: Hot Melt Glue Gun Market –Revenue and Forecast to 2028 (US$ Million)
Figure 69. Rest of South America: Hot Melt Glue Gun Market –Revenue and Forecast to 2028 (US$ Million)
Figure 70. Impact of COVID-19 Pandemic on Hot Melt Glue Gun Market in North America
Figure 71. Impact of COVID-19 Pandemic on Hot Melt Glue Gun Market in Europe
Figure 72. Impact of COVID-19 Pandemic on Hot Melt Glue Gun Market in APAC
Figure 73. Impact of COVID-19 Pandemic on Hot Melt Glue Gun Market in Middle East & Africa
Figure 74. Impact of COVID-19 Pandemic on Hot Melt Glue Gun Market in South America
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
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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