Polyamide Hma Market - Forecast(2023 - 2028)

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)

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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