The global hot melt adhesive market is anticipated to reach $8.9 billion by 2025, expanding at a CAGR of 5.2% from 2015 to 2025, as per a recent market report released by Future Market Insights (FMI). Hot melt adhesives are thermoplastic glue that is melted on application when heated and attains adhesion strength when cooled. Hot melt adhesives consist of one or more polymers and additives such as stabilizers, pigments and resins, which are carefully blended to present different characteristics from base polymers. Hot melt adhesives are applied in industries such as packaging, non-woven, automotive, product assembly, textiles, tapes and labels, woodworking, paper bonding, electronics and others. Hot melt adhesives are solid thermoplastic materials without any volatile organic compounds (VOC). This is also the reason why they are environment friendly and safe for use by humans and in production, transportation, application and storage. Compared with water and solvent based adhesives, hot melt adhesives have the competitive advantage in properties such as higher setting speeds and heat resistance, and easy disposal, which is also a major factor driving the market growth. Additionally, technological advancements in polymer bases are projected to further promote this market. The development of hydrophilic and polyamide hot melt adhesives is also attracting attention in developed countries, thereby driving the hot melt adhesive market growth. The hot melt adhesive market is segmented into ethylene vinyl acetate, polyolefin, polyamide, styrenic block copolymers (SBC) and others by polymer base. The ethylene vinyl acetate segment is projected to occupy a major market share by 2025. The polyolefin segment accounts for the highest market share around the world and is likely to register the highest CAGR of 6.4% in terms of value from 2015 to 2025. SBC and ethylene vinyl acetate based hot melt adhesives are expected to grow at a steady rate over the forecast period. The hot melt adhesive market is segmented into packaging, automotive, construction, healthcare products and others by application. Others can be segmented into textile, electronics, paper bonding and footwear. The packaging segment is anticipated to account for over 35% in the global hot melt adhesive market. Consumption of hot melt adhesives in healthcare products is expected to rise rapidly in the coming years. Application in healthcare products is anticipated to register a CAGR of 5.4% from 2015 to 2025. Increasing awareness about hygiene and technological advancements in polymer bases is projected to drive the demand for hot melt adhesives over the forecast period. Companies such as Henkel AG & Co. KGaA, H. B. Fuller, Sika AG, Arkema Group, Ashland Inc., The 3M Company, Jowat AG, Sipol S.p.A., Palmetto Adhesives Company and Sealock Ltd. are the key players in the global hot melt adhesive market.