Spray Adhesives Trends and Forecast
The future of the global spray adhesives market looks promising with opportunities in the building and construction, packaging, furniture, transportation, and textile markets. The global spray adhesives market is expected to reach an estimated $4.2 billion by 2030 with a CAGR of 4.7% from 2024 to 2030. The major drivers for this market are significant growth in the construction industry across the globe, significant research and development (R&D) efforts to produce spray adhesives that are safe for the skin and the environment, as well as, growing need for sanitary food packaging solutions.Spray Adhesives by Segment
The study includes a forecast for the global spray adhesives by chemistry, type, application, and region.Spray Adhesives Market by Chemistry [Shipment Analysis by Value from 2018 to 2030]
- Polyurethane
- Epoxy
- Vinyl Acetate-Ethylene
- Synthetic Rubber
- Others
Spray Adhesives Market by Type [Shipment Analysis by Value from 2018 to 2030]
- Hot- Melt
- Solvent
- Water
- Others
Spray Adhesives Market by Application [Shipment Analysis by Value from 2018 to 2030]
- Building and Construction
- Packaging
- Furniture
- Transportation
- Textile
- Others
Spray Adhesives Market by Region [Shipment Analysis by Value from 2018 to 2030]
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Spray Adhesives Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies spray adhesives companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the spray adhesives companies profiled in this report include-- AFT Aerosols
- Gemini Adhesives
- 3M
- Phillips Manufacturing
- H.B.Fuller
- Henkel
- BASF
- Eastman Chemical Company
- Sika
- AVERY DENNISON
Spray Adhesives Market Insights
The publisher forecasts that hot-melt will remain the largest segment over the forecast period due to strengthening of environmental regulations pertaining to spray adhesives' VOC levels, as well as, owing to their lack of a solvent or water carrier, hot melt spray adhesives have a very low volatile organic compound (VOC) concentration, making them more environmentally friendly.APAC is expected to witness highest growth over the forecast period due to robust governmental initiatives, robust development in the building sector from expanding nations like China, India, and Indonesia, and potential benefits from the automotive sector owing to growing socioeconomic issues and current projects.
Features of the Global Spray Adhesives Market
- Market Size Estimates: Spray adhesives market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Spray adhesives market size by chemistry, type, application, and region in terms of value ($B).
- Regional Analysis: Spray adhesives market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different chemistry, type, application, and regions for the spray adhesives market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the spray adhesives market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the spray adhesives market size?Answer: The global spray adhesives market is expected to reach an estimated $4.2 billion by 2030.
Q2. What is the growth forecast for spray adhesives market?
Answer: The global spray adhesives market is expected to grow with a CAGR of 4.7% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the spray adhesives market?
Answer: The major drivers for this market are significant growth in the construction industry across the globe, significant research and development (R&D) efforts to produce spray adhesives that are safe for the skin and the environment, as well as, growing need for sanitary food packaging solutions.
Q4. What are the major segments for spray adhesives market?
Answer: The future of the global spray adhesives market looks promising with opportunities in the building and construction, packaging, furniture, transportation, and textile markets.
Q5. Who are the key spray adhesives market companies?
Answer: Some of the key spray adhesives companies are as follows:
- AFT Aerosols
- Gemini Adhesives
- 3M
- Phillips Manufacturing
- H.B.Fuller
- Henkel
- BASF
- Eastman Chemical Company
- Sika
- AVERY DENNISON
Answer: The publisher forecasts that hot-melt will remain the largest segment over the forecast period due to strengthening of environmental regulations pertaining to spray adhesives' VOC levels, as well as, owing to their lack of a solvent or water carrier, hot melt spray adhesives have a very low volatile organic compound (VOC) concentration, making them more environmentally friendly.
Q7. In spray adhesives market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to robust governmental initiatives, robust development in the building sector from expanding nations like China, India, and Indonesia, and potential benefits from the automotive sector owing to growing socioeconomic issues and current projects.
Q.8 Do we receive customization in this report?
Answer: Yes,the publisher provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the spray adhesives market by chemistry (polyurethane, epoxy, vinyl acetate-ethylene, synthetic rubber, and others), type (hot- melt, solvent, water, and others), application (building and construction, packaging, furniture, transportation, and textiles, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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Table of Contents
1. Executive Summary
2. Global Spray Adhesives Market: Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- AFT Aerosols
- Gemini Adhesives
- 3M
- Phillips Manufacturing
- H.B.Fuller
- Henkel
- BASF
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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