According to the latest report by IMARC Group, titled “Spray Adhesives Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027. The global spray adhesives market reached a value of US$ 3.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 4.3 Billion by 2027, exhibiting at a CAGR of 4.7% during 2022-2027.
Spray adhesives are multi-functional adherents that are applied on surfaces from pressurized containers. They are manufactured utilizing epoxy, polyurethane, synthetic rubber, and vinyl acetate-ethylene. Once applied, the spray adhesive wets the base of the combining surfaces and transfers loads between them. When compared to the traditionally used tape and glue, spray adhesives offer improved heat and moisture resistance and involve minimal wastage on account of the controlled spray mechanism. Consequently, they are widely used across various sectors, such as transportation, packaging, automotive, leather, etc.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
The expanding construction industry is one of the key factors driving the spray adhesives market. Besides this, the rising product usage for bonding laminates, glue drywalls, ceilings, plasters, fiberglass, foams, roofing membranes, carpet tiles, etc., is further bolstering the market growth. Moreover, the inflating consumer demand for durable packaging solutions is acting as another significant growth-inducing factor. In line with this, the widespread adoption of spray adhesives for interior and upholstery applications in automobiles, marine vessels, aircraft, etc., is also augmenting the global market. Furthermore, the launch of spray adhesives with low volatile organic compound (VOC) content and the elevating requirement for hygienic food packaging solutions are anticipated to fuel the spray adhesives market over the forecasted period.
Breakup by Type:
- Hot Melt
Breakup by Resin Type:
- Synthetic Rubber
- Vinyl Acetate Ethylene
Breakup by End Use Industry:
- Building and Construction
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 with Key Player:
- 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.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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