Hot melt adhesive (HMA) or hot-glue is a specialized type of self-cured thermoplastic adhesives. They change into liquid state from the initial solid state when being heated over 80°C and don’t need curing for bonding after dispensing on the substrate. HMAs are typically utilized with a hand-held hot glue gun for heating and dispensing HMAs for small-scale applications. The hot glue gun has a loading compartment where the one-part or two-part HMA is heated to reach its melting point. The molten thermoplastic adhesive is then dispensed out of a heated nozzle by a mechanical trigger system located within the hot glue gun. The dispensed HMA solidifies and starts bonding with the substrate within minutes, depending on the adhesive’s chemical composition. HMAs, unlike solvent-based adhesives, retain their density subsequent to solidification and bond strongly with the substrate. HMA market is fueled by the increasing demand from end-user industries such as packaging, construction, book-binding, automotive, transportation, footwear and others. Moreover the reduced use of solvent-based adhesives owing to the harmful effects of volatile organic compounds (VOCs) is expected to drive the growth of HMA market in the long run. The continuous pressure from REACH (Registration, Evaluation, Authorization, and Restriction of Chemicals), EPA (Environment Protection Agency) and other organizations is likely to restrict the use of solvent-based adhesives to reduce the severe impact on environment. Besides, strong bonding with no need to cure these adhesives after dispensing is an argument for designing easier and low-cost industry processes. The increasing market demand and continuous push for environment friendly adhesives has resulted in an increase in strategic initiatives by market players in the past few years. Major players are expanding new markets through agreements, joint-ventures, partnerships, and collaborations around the globe to take advantage of the undeveloped market opportunities. Fluctuating prices of raw materials are a key factor that is likely to hinder the market growth. HMAs are the downstream specialty derivatives of petroleum-based feedstock, the prices of which fluctuate with the commodity marketplace. This puts downward pressure on the margins of industry players, especially the small and medium-sized players, who are already pitching aggressively low prices to gain market share in the highly fragmented market. On the basis of geography, Asia Pacific is expected to take the lead in the market due to the rapid growth of HMA in industrial application. Major growth has been witnessed in China, South Korea, Japan, and India owing to the rapid technology innovations.