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At a CAGR of 5.5% from 2023 to 2030, the size of the global spray adhesives market is expected to rise from USD 3.8 billion in 2022 to USD 4.99 billion by 2030.
Positive market prospects for spray adhesives are being driven by the construction industry's rapid expansion around the world. Laminates, drywall, fiberglass, ceilings, foams, plasters, pipe insulation, roofing membranes, and carpet tiles are just some of the many architectural components that require adhesives. The market is expanding because of the increasing need for long-lasting packaging options among consumers. Market growth is also being fueled by the increasing use of spray adhesives in the interiors of boats, cars, and planes. Foam, fabric, fiberglass, leather, and many other materials are bonded to the vehicle body with these adhesives. New product developments, such as low volatile organic compound (VOC) spray adhesives, are also contributing to the expansion of the market. Spray adhesives that are safe for the environment and sensitive skin are the subject of manufacturers' intensive research and development (R&D) efforts. Market expansion is also anticipated to be fueled by the rising need for sanitary methods of food packing.
Classification Based On
It is anticipated that aerosol spray adhesives will constitute the largest subset of the spray adhesives industry. These adhesives are widely used because of their simplicity and utility. They find several applications beyond the realms of building, including in the automobile, packaging, and arts and crafts sectors. Aerosol spray adhesives are commonly used for bonding because of their speed and accuracy of application. Aerosol spray adhesives are the most popular type of glue on the market, and its adaptability is a big reason why. The spray adhesives market is expected to develop at the quickest rate for water-based products. Demand for low-VOC adhesives is on the rise due to stricter regulations and a greater emphasis on environmental responsibility. Since they release fewer volatile organic compounds into the air, water-based spray adhesives are more environmentally friendly than their solvent-based counterparts. The furniture, textile, and woodworking industries all make extensive use of these adhesives. Water-based spray adhesives are expanding in the market because of the trend for eco-friendly and long-lasting products.
Chemical Analysis
When broken down by chemical type, the market for solvent-based adhesives is the largest subset of the spray adhesives industry. Excellent bonding properties and adaptability have led to solvent-based adhesives' widespread application across many industries. They find widespread use in industries like car manufacturing, packaging, construction, and carpentry. Due to their high adhesive strength, short curing time, and widespread availability, solvent-based adhesives command a sizable portion of the market. In terms of chemical composition, the spray adhesives market is seeing the most rapid expansion in the water-based adhesives subsegment. Water-based adhesives are replacing their solvent-based predecessors because of their lower environmental impact. They produce fewer volatile organic compound emissions, provide less of a fire hazard, and make working conditions safer. Water-based adhesives also accommodate the growing market for environmentally friendly and low-impact materials. Due to increasingly stringent environmental laws, increased consumer interest in eco-friendly products, and the trend toward more sustainable production methods, the water-based adhesives market is expanding rapidly.
Drivers
Increase in Building Projects
Rapid expansion in the building and packaging sectors has been the primary factor propelling the spray adhesives market. Spray adhesives are in high demand because of the widespread use of these products in flooring, roofing, and interior construction. The expansion of the spray adhesives market is also fueled by rising customer desire for long-lasting and effective packaging options.
Restraints
The High Price of Strict Regulations and Volatility
Environmental concerns about the release of volatile organic compounds (VOCs) from solvent-based spray adhesives, in particular, are a major limitation. As a result, countries have enacted strict rules to cut down on VOC emissions. The market is being challenged by the need for compliance with these standards and the creation of environmentally friendly alternatives. Price swings in raw materials, such as the petrochemicals used in adhesives, can potentially be a constraining factor. Spray adhesives' profitability and pricing may be impacted by price volatility because of its effect on the total cost of manufacturing. In order to sustain growth despite these challenges, market actors will need to monitor and adjust prices accordingly.
Strategic Market Shifts
Several major market trends are now reshaping the spray adhesives market. A noticeable shift is the rising interest in sustainable adhesive options that are also kind to the environment. Consumers and businesses alike are looking for adhesives that reduce their impact on the environment without sacrificing performance as environmental awareness rises. As a result, there has been a surge in the popularity of spray adhesives that are water-based and have minimal levels of volatile organic compounds (VOCs). Another noteworthy development is the expanding usage of spray adhesives in numerous application sectors, such as the automotive, construction, packaging, and textile markets. Spray adhesives are convenient and effective for bonding a wide variety of substrates, including metals, plastics, textiles, and wood. In addition, new developments in technology have allowed for the development of spray adhesive compositions with better bonding strength, rapid cure times, and resistance to heat and moisture. The demand for spray adhesives is predicted to increase as a result of these tendencies.
Report Coverage
Global Spray Adhesives research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Spray Adhesives report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Spray Adhesives competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Spray Adhesives market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Spray Adhesives market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Spray Adhesives market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
3M Company - United States, Henkel AG & Co. KGaA - Germany, H.B. Fuller Company - United States, Sika AG - Switzerland, Bostik SA - France, Ashland Global Holdings Inc. - United States, Avery Dennison Corporation - United States, Illinois Tool Works Inc. - United States, Jowat SE - Germany, LORD Corporation - United States, Huntsman Corporation - United States, Permabond LLC - United Kingdom, Pidilite Industries Ltd. - India, Royal Adhesives & Sealants - United States, CRC Industries, Inc. - United States, Quin Global (UK) Ltd. - United Kingdom, Dymax Corporation - United States, Hexion Inc. - United States, Mapei S.p.A. - Italy, Adhesive Systems Inc. - United States
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Spray Adhesives market based on the below-mentioned segments:
Global Spray Adhesives Market, By Type
Solvent-based
water-based
hot melt adhesives
Global Spray Adhesives market, By Chemistry
Epoxy
polyurethane
acrylic
others
Global Spray Adhesives Market, By End User
Automotive
construction
packaging
furniture
others
Global Spray Adhesives market, Regional Analysis
Positive market prospects for spray adhesives are being driven by the construction industry's rapid expansion around the world. Laminates, drywall, fiberglass, ceilings, foams, plasters, pipe insulation, roofing membranes, and carpet tiles are just some of the many architectural components that require adhesives. The market is expanding because of the increasing need for long-lasting packaging options among consumers. Market growth is also being fueled by the increasing use of spray adhesives in the interiors of boats, cars, and planes. Foam, fabric, fiberglass, leather, and many other materials are bonded to the vehicle body with these adhesives. New product developments, such as low volatile organic compound (VOC) spray adhesives, are also contributing to the expansion of the market. Spray adhesives that are safe for the environment and sensitive skin are the subject of manufacturers' intensive research and development (R&D) efforts. Market expansion is also anticipated to be fueled by the rising need for sanitary methods of food packing.
Classification Based On
It is anticipated that aerosol spray adhesives will constitute the largest subset of the spray adhesives industry. These adhesives are widely used because of their simplicity and utility. They find several applications beyond the realms of building, including in the automobile, packaging, and arts and crafts sectors. Aerosol spray adhesives are commonly used for bonding because of their speed and accuracy of application. Aerosol spray adhesives are the most popular type of glue on the market, and its adaptability is a big reason why. The spray adhesives market is expected to develop at the quickest rate for water-based products. Demand for low-VOC adhesives is on the rise due to stricter regulations and a greater emphasis on environmental responsibility. Since they release fewer volatile organic compounds into the air, water-based spray adhesives are more environmentally friendly than their solvent-based counterparts. The furniture, textile, and woodworking industries all make extensive use of these adhesives. Water-based spray adhesives are expanding in the market because of the trend for eco-friendly and long-lasting products.
Chemical Analysis
When broken down by chemical type, the market for solvent-based adhesives is the largest subset of the spray adhesives industry. Excellent bonding properties and adaptability have led to solvent-based adhesives' widespread application across many industries. They find widespread use in industries like car manufacturing, packaging, construction, and carpentry. Due to their high adhesive strength, short curing time, and widespread availability, solvent-based adhesives command a sizable portion of the market. In terms of chemical composition, the spray adhesives market is seeing the most rapid expansion in the water-based adhesives subsegment. Water-based adhesives are replacing their solvent-based predecessors because of their lower environmental impact. They produce fewer volatile organic compound emissions, provide less of a fire hazard, and make working conditions safer. Water-based adhesives also accommodate the growing market for environmentally friendly and low-impact materials. Due to increasingly stringent environmental laws, increased consumer interest in eco-friendly products, and the trend toward more sustainable production methods, the water-based adhesives market is expanding rapidly.
Drivers
Increase in Building Projects
Rapid expansion in the building and packaging sectors has been the primary factor propelling the spray adhesives market. Spray adhesives are in high demand because of the widespread use of these products in flooring, roofing, and interior construction. The expansion of the spray adhesives market is also fueled by rising customer desire for long-lasting and effective packaging options.
Restraints
The High Price of Strict Regulations and Volatility
Environmental concerns about the release of volatile organic compounds (VOCs) from solvent-based spray adhesives, in particular, are a major limitation. As a result, countries have enacted strict rules to cut down on VOC emissions. The market is being challenged by the need for compliance with these standards and the creation of environmentally friendly alternatives. Price swings in raw materials, such as the petrochemicals used in adhesives, can potentially be a constraining factor. Spray adhesives' profitability and pricing may be impacted by price volatility because of its effect on the total cost of manufacturing. In order to sustain growth despite these challenges, market actors will need to monitor and adjust prices accordingly.
Strategic Market Shifts
Several major market trends are now reshaping the spray adhesives market. A noticeable shift is the rising interest in sustainable adhesive options that are also kind to the environment. Consumers and businesses alike are looking for adhesives that reduce their impact on the environment without sacrificing performance as environmental awareness rises. As a result, there has been a surge in the popularity of spray adhesives that are water-based and have minimal levels of volatile organic compounds (VOCs). Another noteworthy development is the expanding usage of spray adhesives in numerous application sectors, such as the automotive, construction, packaging, and textile markets. Spray adhesives are convenient and effective for bonding a wide variety of substrates, including metals, plastics, textiles, and wood. In addition, new developments in technology have allowed for the development of spray adhesive compositions with better bonding strength, rapid cure times, and resistance to heat and moisture. The demand for spray adhesives is predicted to increase as a result of these tendencies.
Report Coverage
Global Spray Adhesives research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Spray Adhesives report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Spray Adhesives competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Spray Adhesives market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | 3M Company - United States, Henkel AG & Co. KGaA - Germany, H.B. Fuller Company - United States, Sika AG - Switzerland, Bostik SA - France, Ashland Global Holdings Inc. - United States, Avery Dennison Corporation - United States, Illinois Tool Works Inc. - United States, Jowat SE - Germany, LORD Corporation - United States, Huntsman Corporation - United States, Permabond LLC - United Kingdom, Pidilite Industries Ltd. - India, Royal Adhesives & Sealants - United States, CRC Industries, Inc. - United States, Quin Global (UK) Ltd. - United Kingdom, Dymax Corporation - United States, Hexion Inc. - United States, Mapei S.p.A. - Italy, Adhesive Systems Inc. - United States |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Spray Adhesives Market from 2021 to 2030.
- Market Forecast for Spray Adhesives Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Spray Adhesives competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Spray Adhesives
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Spray Adhesives market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Spray Adhesives market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
3M Company - United States, Henkel AG & Co. KGaA - Germany, H.B. Fuller Company - United States, Sika AG - Switzerland, Bostik SA - France, Ashland Global Holdings Inc. - United States, Avery Dennison Corporation - United States, Illinois Tool Works Inc. - United States, Jowat SE - Germany, LORD Corporation - United States, Huntsman Corporation - United States, Permabond LLC - United Kingdom, Pidilite Industries Ltd. - India, Royal Adhesives & Sealants - United States, CRC Industries, Inc. - United States, Quin Global (UK) Ltd. - United Kingdom, Dymax Corporation - United States, Hexion Inc. - United States, Mapei S.p.A. - Italy, Adhesive Systems Inc. - United States
Primary Target Market
- Market Players of Spray Adhesives
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Spray Adhesives market based on the below-mentioned segments:
Global Spray Adhesives Market, By Type
Solvent-based
water-based
hot melt adhesives
Global Spray Adhesives market, By Chemistry
Epoxy
polyurethane
acrylic
others
Global Spray Adhesives Market, By End User
Automotive
construction
packaging
furniture
others
Global Spray Adhesives market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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