The Global Thermoplastic Hot Melt Adhesive Market was valued at USD 8.2 Billion in 2023 and is projected to reach USD 11.5 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 5.1% during the forecast period (2024–2030). This growth is being driven by increasing demand from the packaging, automotive, and electronics industries, alongside the accelerating adoption of sustainable and high-performance adhesive solutions that offer faster processing times and reduced environmental impact.

As manufacturing processes become more automated and industries demand more efficient bonding solutions, the spotlight is on the key adhesive suppliers driving innovation, material science, and application-specific formulations. In this blog, we profile the Top 10 Companies in the Thermoplastic Hot Melt Adhesive Industry—a mix of global chemical giants, specialized formulators, and sustainability pioneers shaping the future of industrial bonding.

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🔟 1. Henkel AG & Co. KGaA

Headquarters: Düsseldorf, Germany
Key Offering: Technomelt®, Loctite® HMA portfolio

Henkel is a global leader in adhesive technologies, with a comprehensive portfolio of hot melt adhesives for packaging, woodworking, automotive, and consumer goods. Their Technomelt and Loctite brands are renowned for high performance, reliability, and innovation in reactive and non-reactive HMAs.

Innovation & Sustainability Initiatives:

• Development of bio-based and recyclable adhesive solutions

• Strong focus on circular economy principles in packaging adhesives

• Committed to 100% recyclable packaging adhesives by 2025

Download FREE Sample Report: Thermoplastic Hot Melt Adhesive Market – View in Detailed Research Report

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9️⃣ 2. H.B. Fuller Company

Headquarters: St. Paul, Minnesota, USA
Key Offering: Full-cure®, Swift®tak, Advance® HMAs

H.B. Fuller is a premier global adhesive provider with deep expertise in thermoplastic hot melts. The company serves diverse markets, including packaging, hygiene, electronics, and construction, with a strong emphasis on tailored solutions and technical support.

Innovation & Sustainability Initiatives:

• Leadership in sustainable adhesive technologies

• Significant R&D investments in bio-based polyolefin and EVA adhesives

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8️⃣ 3. 3M Company

Headquarters: St. Paul, Minnesota, USA
Key Offering: Scotch-Weld™, 3M™ Hot Melt Adhesives

3M’s Industrial Adhesives and Tapes Division offers a wide range of high-performance hot melt adhesives known for their strength, durability, and versatility. Their products are critical in automotive assembly, electronics, and specialty packaging applications.

Innovation & Sustainability Initiatives:

• Pioneering advancements in low-VOC and formaldehyde-free adhesives

• Commitment to achieving carbon neutrality by 2050

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7️⃣ 4. Bostik (An Arkema Company)

Headquarters: Colombes, France
Key Offering: Aquadhere®, Apache®, SBT® HMAs

Bostik, a flagship brand of Arkema, is a major global player in adhesive solutions. The company provides innovative hot melt adhesives for construction, packaging, disposable hygiene, and footwear, with a strong focus on sustainability through its SMART adhesives program.

Innovation & Sustainability Initiatives:

• Development of adhesives from renewable raw materials

• Global initiatives to reduce the carbon footprint of adhesive production

Download FREE Sample Report: Thermoplastic Hot Melt Adhesive Market – View in Detailed Research Report

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6️⃣ 5. Jowat SE

Headquarters: Detmold, Germany
Key Offering: Jowat® thermoplastic and reactive PUR hot melts

Jowat is a leading, independent adhesive manufacturer with a strong focus on innovation and customer-specific solutions. The company excels in woodworking, packaging, and product assembly, offering a diverse portfolio of high-quality HMAs.

Innovation & Sustainability Initiatives:

• Extensive R&D in adhesive recycling compatibility

• Jowat Blue line of sustainable adhesive products

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5️⃣ 6. Sika AG

Headquarters: Baar, Switzerland
Key Offering: Sikamelt®, SikaMelt® HMAs

Sika is a specialty chemicals company with a growing and technologically advanced adhesives segment. Its hot melt products are widely used in automotive, construction, and industrial manufacturing for bonding, sealing, and damping applications.

Innovation & Sustainability Initiatives:

• Focus on lightweight construction and electric vehicle bonding solutions

• Targets for reduced GHG emissions aligned with SBTi

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4️⃣ 7. Beardow & Adams (Adhesives) Ltd

Headquarters: Milton Keynes, United Kingdom
Key Offering: BAJ® Hot Melt Adhesives

Beardow & Adams is a respected, independent manufacturer of high-performance hot melt adhesives. The company specializes in custom-formulated products for packaging, paper converting, and product assembly, with a strong reputation for technical excellence.

Innovation & Sustainability Initiatives:

• Strong focus on R&D for application-specific formulations

• Commitment to developing environmentally preferable products (EPPs)

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3️⃣ 8. Evonik Industries AG

Headquarters: Essen, Germany
Key Offering: VESTAMELT® polyamide and copolyester HMAs

Evonik is a global leader in specialty chemicals, producing high-performance raw materials and formulated hot melt adhesives. Their VESTAMELT portfolio is renowned for heat and chemical resistance, serving demanding applications in automotive, footwear, and electronics.

Innovation & Sustainability Initiatives:

• Leading producer of high-performance polyamide-based HMAs

• Investment in bio-based and recycled content raw materials

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2️⃣ 9. Tex Year Industries Inc.

Headquarters: Taipei, Taiwan
Key Offering: Tex Year EVA, PA, PO hot melt adhesives

Tex Year is a significant global supplier of hot melt adhesives, with a strong presence in Asia and a growing footprint worldwide. The company offers a broad product range for packaging, hygiene, and woodworking industries, competing effectively on quality and cost.

Innovation & Sustainability Initiatives:

• Expansion of production capacity to meet global demand

• Development of more sustainable adhesive alternatives

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1️⃣ 10. Huntsman Corporation

Headquarters: The Woodlands, Texas, USA
Key Offering: Arolon®, Terranova® HMAs

Huntsman’s Advanced Materials division is a key player in polyurethane-based hot melt adhesives and other thermoplastic systems. Their products are essential in construction, automotive, and textiles, known for durability and performance under stress.

Innovation & Sustainability Initiatives:

• Innovations in moisture-curing reactive polyurethane HMAs

• Commitment to sustainability through product lifecycle assessment

Get Full Report Here: Thermoplastic Hot Melt Adhesive Market – View in Detailed Research Report

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🌍 Outlook: The Future of Thermoplastic Hot Melt Adhesives Is Smarter and Greener

The thermoplastic hot melt adhesive market is undergoing a significant transformation. While traditional EVA-based adhesives still dominate in volume, the industry is rapidly innovating with bio-based alternatives, reactive chemistries, and smart adhesives that offer enhanced performance and environmental benefits.

📈 Key Trends Shaping the Market:

• Rapid growth in demand for sustainable and recyclable adhesive solutions

• Increasing adoption of high-performance polyolefin (PO) and polyamide (PA) HMAs in demanding applications

• Advancements in application technology enabling precision bonding in automated manufacturing

• Regulatory push for low-VOC and non-hazardous formulations driving R&D investment

Get Full Report Here: Thermoplastic Hot Melt Adhesive Market – View in Detailed Research Report

The companies listed above are not only supplying critical bonding solutions to global industries—they’re pioneering the sustainable and efficient future of manufacturing assembly.