The bio-based hot melt adhesive market is in the early stages of development, and companies will continue to increase in the future.

Bio-based hot melt adhesive refers to hot melt adhesive whose material components are made entirely or partially from renewable resources. Bio-based hot melt adhesive raw materials are derived from biomass, including corn, straw, vegetable oil, cellulose, sugar cane, etc., and have multiple advantages such as natural non-toxic, low odor, environmental friendliness, and wide source of materials. In addition to its characteristics of low temperature resistance, excellent adhesion, and good reliability, bio-based hot melt adhesives also have the advantages of low carbon emissions and environmental friendliness. Against the background of stricter environmental protection requirements, the development prospects of the bio-based hot melt adhesive market are broad.

Hot melt adhesive is a kind of plastic adhesive with various types and is widely used in packaging, photovoltaics, printing processing, sanitary products, construction, electronic products, labels and other fields. my country is a major producer and consumer of hot melt adhesive. In 2021, my country’s hot melt adhesive market size will be approximately 24.58 billion yuan, a year-on-year increase of 9.0%, with market sales of approximately 1.257 million tons. In the global market, packaging is the main application scenario for hot melt adhesive. It is expected that in the next five years, with the development of the e-commerce market, packaging will still be the main demand scenario for hot melt adhesive.

The raw materials for hot melt adhesive production are mainly petrochemical products, but petrochemical raw materials have limited resources and are difficult to degrade in the environment. In recent years, increasingly stringent safety and environmental protection policies are driving the hot melt adhesive industry to upgrade in the direction of environmental protection, segmentation, safety and functionality. Against this background, bio-based hot melt adhesives and biodegradable hot melt adhesives Glue has gradually become the focus of domestic and foreign companies.

According to the “2022-2027 China Bio-based Hot Melt Adhesive Industry Market In-depth Research and Development Prospects Forecast Report released by the Industrial Research Center It shows that bio-based hot melt adhesive manufacturers include Henkel, Deyuan Group, Paramelt, 3M Corporation, Ashland, etc. At present, the global bio-based hot melt adhesive market is still in the early stages of development, and there are few related production companies. However, under the background of carbon neutrality and carbon peak strategies, the bio-based hot melt adhesive market shows great development potential and will attract a large number of companies to deploy. market.

Founded in 1976, Tek Yuen Group is the largest hot melt adhesive manufacturer in Taiwan and the first hot melt adhesive company in Asia to set up a factory in the EU. Related products of Tex Yuan Group include environmentally friendly hot melt adhesive “Hot Melt”, two-component acrylic structural adhesive “Hold Lock” and bio-based hot melt adhesive “BIONIS”. Among them, BIONIS bio-based hot melt adhesive has an organic biomass content of more than 20%. Currently, this product has obtained the German DIN CERTCO biomass certification mark series product certification.

Industry Analysis Everyone said that compared with traditional hot melt adhesives, bio-based hot melt adhesives have less carbon emissions and are environmentally friendly. With advantages such as carbon neutrality and carbon peaking strategies, bio-based hot melt adhesives have broad application prospects in packaging, sanitary products, construction, electronics and other fields. At present, the bio-based hot melt adhesive market is still in the early stages of development, and there are few related companies. However, driven by the rapid growth of the bio-economy, the bio-based hot melt adhesive market has huge development potential. In the future, it will attract more companies to deploy, and first-mover companies are expected to enjoy priority. Market dividends.