The global spray adhesives market reached a value of US$ 3.3 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 4.3 Billion by 2027, exhibiting a CAGR of 4.7% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Spray adhesives are multi-functional adherents applied onto a surface from a pressurized container. They are manufactured using epoxy, polyurethane, synthetic rubber and vinyl acetate-ethylene and require minimal time for setting and forming bonds. Once applied, the spray wets the base of the joining surfaces and consistently transfer loads between the surfaces to provide improved ground holding. In comparison to the traditionally used tape, hot and white glue, spray adhesives offer enhanced heat and moisture resistance and provide a wider coverage with minimal wastage due to a controlled spray mechanism. As a result, they are widely used across various industries, such as transportation, packaging, automotive, footwear, leather, construction and furniture.
Spray adhesives are multi-functional adherents applied onto a surface from a pressurized container. They are manufactured using epoxy, polyurethane, synthetic rubber and vinyl acetate-ethylene and require minimal time for setting and forming bonds. Once applied, the spray wets the base of the joining surfaces and consistently transfer loads between the surfaces to provide improved ground holding. In comparison to the traditionally used tape, hot and white glue, spray adhesives offer enhanced heat and moisture resistance and provide a wider coverage with minimal wastage due to a controlled spray mechanism. As a result, they are widely used across various industries, such as transportation, packaging, automotive, footwear, leather, construction and furniture.
Spray Adhesives Market Trends:
Significant growth in the construction industry across the globe is one of the key factors creating a positive outlook for the market. Spray adhesives are widely used for bonding laminates, glue drywalls, plasters, fiberglass, ceilings, foams, pipe insulation, roofing membranes and carpet tiles to the flooring and roofing of the buildings. Moreover, the increasing consumer demand for durable packaging solutions is providing a thrust to the market growth. In line with this, the widespread adoption of spray adhesives for interior and upholstery applications in automobiles, marine vessels and aircraft is also contributing to the growth of the market. They are extensively used for bonding foam, fabric, fiberglass, leather and other materials to the body of the vehicle. Additionally, various product innovations, such as the launch of spray adhesives with low volatile organic compound (VOC) content, are favoring the market growth. Other factors, including extensive research and development (R&D) activities to manufacture environment- and skin-friendly spray adhesives, along with the increasing demand for hygienic food packaging solutions, are anticipated to drive the market toward growth.Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global spray adhesives market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, resin type and end use industry.Breakup by Type:
- Solvent-based
- Water-based
- Hot Melt
Breakup by Resin Type:
- Epoxy
- Polyurethane
- Synthetic Rubber
- Vinyl Acetate Ethylene
Breakup by End Use Industry:
- Building and Construction
- Packaging
- Furniture
- Transportation
- Textile
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 3M Company, AFT Industries, Ashland, BASF SE, Bostik SA (Arkema S.A.), Gemini Adhesives Ltd., H.B. Fuller Company, Henkel AG & Co. KGaA, Phillips MFG, Sika AG, Spray-Lock Inc and The Kroger Co.Key Questions Answered in this Report:
- How has the global spray adhesives market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global spray adhesives market?
- What are the key regional markets?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the resin type?
- What is the breakup of the market based on the end use industry?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global spray adhesives market and who are the key players?
- What is the degree of competition in the industry?
Frequently Asked Questions about the Global Spray Adhesives Market
What is the estimated value of the Global Spray Adhesives Market?
What is the growth rate of the Global Spray Adhesives Market?
What is the forecasted size of the Global Spray Adhesives Market?
Who are the key companies in the Global Spray Adhesives Market?
| Report Attribute | Details |
|---|---|
| No. of Pages | 143 |
| Published | February 2022 |
| Forecast Period | 2021 - 2027 |
| Estimated Market Value ( USD | $ 3.3 Billion |
| Forecasted Market Value ( USD | $ 4.3 Billion |
| Compound Annual Growth Rate | 4.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 12 |
Table of Contents
1 Preface3 Executive Summary11 Value Chain Analysis13 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Spray Adhesives Market
6 Market Breakup by Type
7 Market Breakup by Resin Type
8 Market Breakup by End Use Industry
9 Market Breakup by Region
10 SWOT Analysis
12 Porters Five Forces Analysis
14 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- 3M Company
- AFT Industries
- Ashland
- BASF SE
- Bostik SA (Arkema S.A.)
- Gemini Adhesives Ltd.
- H.B. Fuller Company
- Henkel AG & Co. KGaA
- Phillips MFG
- Sika AG
- Spray-Lock Inc
- The Kroger Co.
Methodology
LOADING...
