Global Spray Adhesives Market, By Type (Solvent-based, Water-based and Hot Melt), Chemistry (Epoxy, Polyurethane, Synthetic Rubber and Vinyl Acetate Ethylene), End-user Industry (Building and Construction, Packaging, Furniture, Transportation, Textile, and Other End-user Industries), Country (U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland, Luxemburg, Rest of Europe, Japan, China, South Korea, India, Australia And New Zealand, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America UAE, Saudi Arabia, Egypt, Israel, South Africa, And Rest of Middle East and Africa) Industry Trends and Forecast to 2029
Market Analysis and Insights Global Spray Adhesives Market
Data Bridge Market Research analyses that the spray adhesives market will witness a CAGR of 5.20% for the forecast period of 2022-2029. Data Bridge Market Research report on spray adhesives market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
Spray adhesives are versatile adhesives that bond to a variety of lightweight materials. It has a fast, aggressive tack for a quick bond, which reduces the time it takes for the adhesive to set. Spray adhesives provide resistance to heat and moisture while forming a strong permanent bond, making them suitable for a wide range of applications including building and construction, automotive, paper and packaging, leather and footwear, and others. Foam, plastic, carpets, and assembly areas are some of the other applications.
The spray adhesive market is expected to grow due to rising demand from the expanding construction sector. Furthermore, rising investment in the building and construction sector, as well as the expansion of the packaging industry in developing regions, are expected to drive market growth. Rising public awareness of the dangers of volatile organic compounds is likely to reduce the use of solvent-based spray adhesives while increasing the use of hot melt and water-based products.
The growing use of spray adhesive in the automotive industry for repairing hoardings and other interior accessories is expected to drive market demand over the forecast period. These are widely used in the production of various types of furniture. Furthermore, the expansion of the woodworking industry in developing economies is expected to drive market growth during the assessment period.
However, various manufacturers may face difficulties as a result of volatile raw material prices. The high emission of volatile organic compounds (VOCs) from the spray adhesives manufacturing process is expected to be a major impediment to growth.
This spray adhesives market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on spray adhesives market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Spray Adhesives Market Scope and Market Size
Spray adhesives market is segmented on the basis of type, chemistry and end user industry. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of type, the spray adhesives market is segmented into epoxy, polyurethane, synthetic rubber and vinyl acetate ethylene.
- On the basis of chemistry, the spray adhesives market is segmented into solvent-based, water-based and hot melt.
- On the basis of end user industry, the spray adhesives market is segmented into transportation, construction and furniture.
Spray Adhesives Market Country Level Analysis
The spray adhesives market is analysed and market size, volume information is provided by country type, chemistry and end user industry as referenced above.
The countries covered in the spray adhesives market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific is expected to grow at the fastest rate during the review period due to increased demand from various applications such as building and construction, automotive, and paper and packaging. Demand for spray adhesive is expected to rise in emerging economies such as India, China, and Vietnam due to increased automobile production and sales. Furthermore, relatively low labour costs, ease of raw material availability, and the use of new development strategies to meet the demand for spray adhesives as their applications expand are important factors for regional market growth.
The country section of the spray adhesives market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Spray Adhesives Market Share Analysis
The spray adhesives market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to spray adhesives market.
Some of the major players operating in the spray adhesives market are Henkel Adhesives Technologies India Private Limited, 3M, H.B. Fuller Company, Avery Dennison Corporation, Bostik ND Industries, Sika AG, Illinois Tool Works, Quin Global, Kissel Wolf GmbH, Gemini Adhesives, AFT Aerosols, Spray-Lock Inc., Philips Manufacturing Co., Westech Aerosol Corporation, BASF SE, ND Industries Inc., Uniseal Inc, Ashland, and Eastman Chemical Company, among others.
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