Spray Adhesive Market Size, Share, Growth & Trends | 2031
Spray Adhesive Market Size, Share, Growth & Trends | 2031
Segments - Spray Adhesive Market by Resin Type (Epoxy, Polyurethane, Synthetic Rubber, Vinyl Acetate Ethylene, and others), Technology (Solvent-based, Water-based, Hot melt, and Others), Application (Packaging, Coating, Bonding, and Others), End-user (Construction & Building, Transportation, Textile, Footwear, Furniture, Automotive, Food & Beverages, and Others), and Region (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) – Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 - 2031
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Report Description
Spray Adhesive Market Outlook 2031:
The global spray adhesive market size was valued at USD 6.85 Billion in 2022 and is projected to reach USD 10.54 Billion by 2031, expanding at a CAGR of 4.9% during the forecast period 2023 - 2031. The market growth is attributed to the increasing preference for spray adhesives in various applications, such as construction and furniture.
Spray adhesive is a technology where glue with less viscosity is sprayed from an aerosol or pressurized cans and containers to have an even and uniform coat of adhesion between two surfaces. The pressurized can products have an expiration of about one to two years, after opening the containers, as the external environment can impact the product consistency.
Spray adhesives are commonly used to bond two surfaces together as it sticks quickly with minimal fuss. It is effective for a wide variety of materials having low surface energy, such as plastic, rubber, wood, glass, leather, and metal. It reduces bimetallic corrosion that often occurs between the different types of metal.
Temporary adhesion can be achieved by applying a limited amount of product. Whereas, a permanent and stronger bond is achieved by using a generous amount of product to keep the adhesion strong and secure. The time required for the product to form a firm bond might range from 10 minutes and above, depending on the nature of the desired surfaces being joined depending on different needs.
COVID-19 Impact on Spray Adhesive Market
The market report finds that the COVID-19 pandemic negatively affected the market. The market growth decreased due to the lack of availability of raw materials. Preventive measures imposed by the government, such as emergency lockdowns and several restrictions slowed down the operation of manufacturing units across the industries.
A few companies already announced possible delays in the production and delivery of spray adhesives due to traveling restrictions across the globe. Furthermore, a sharp decline in the demand for spray adhesives from various end-users due to irregular supply has disrupted the supply chain of the spray adhesive market share during the pandemic.
Spray Adhesive Market Dynamics
The research report presents a complete market overview by providing detailed information about the current market trends, existing drivers, growth opportunities and potentials, and emerging challenges. The spray adhesives market report has up-to-date insights about market scenarios that can shape the overall market performance and output during the forecast period, 2023 to 2031.
What Are the Key Factors Propelling Spray Adhesive Market Growth?
Increasing awareness among consumers regarding the use and benefits of spray adhesive is a major factor driving the growth of the market. It is widely utilized for creative works, such as art & craft projects, and decorations. The rising adoption of spray adhesives to repair household appliances owing to the fast-curing, hassle-free, and heat resistance properties fuels the market growth in the coming years.
Which Key Factors Are Projected to Restrain the Growth of Spray Adhesive Market?
Volatility in raw materials prices hampers the market growth during the forecast period. Continuous rise and fall in raw materials prices may limit the availability of raw materials, which leads to encouraging manufacturers to increase production costs. Furthermore, rising prices of fuels and crude oil increase, which directly impacts the raw materials at the manufacturing scale.
What Are the Key Factors Expected to Create Lucrative Opportunities for Spray Adhesive Market Players?
Increasing awareness about eco-friendly products creates an immense growth opportunity for the prominent players competing in the market. The low-VOC (volatile organic compounds) are considered environment-friendly as it is less harmful when it comes in contact with humans.
Growing awareness about the drawbacks of chemical-based products encouraged manufacturers to opt for natural-based products. Furthermore, increasing investment in research and development activities to enhance the properties of spray adhesive fuels the growth of the market in the coming years.
Scope of Spray Adhesive Market Report
The global spray adhesive market research report includes an assessment of the market trends, market segments, and regional markets. Overview and dynamics hav.e also been included in the report.
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Attributes |
Details |
|
Report Title |
Spray Adhesive Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Resin Type (Epoxy, Polyurethane, Synthetic Rubber, Vinyl Acetate Ethylene, and others), Technology (Solvent-based, Water-based, Hot melt, and Others), Application (Packaging, Coating, Bonding, and Others), End-user (Construction & Building, Transportation, Textile, Footwear, Furniture, Automotive, Food & Beverages, and Others) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Market Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast |
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Key Players Covered in the Report |
3M Spray Adhesive; Henkel AG & Co. KGaA; Nordson Corporation; H.B. Fuller Company; Blu-Sky Ltd; AFT Aerosols Ltd.; Casa Adhesive, Inc.; Chemique Adhesives Inc; Kissel + Wolf GmbH; Sika AG; Phillips MFG; Quin Global; and Worthen Industries |
Spray Adhesive Market Segment Insights
Why Is the Epoxy Segment More Prevalent Than the Polyurethane?
Based on resin type, the spray adhesive market is divided into epoxy, polyurethane, synthetic rubber, vinyl acetate ethylene, and others. The epoxy segment held a key share of the market in 2021 and is expected to expand at a significant growth rate during the projected period due to its non-reactive nature towards high temperatures. It does not react to any climatic conditions, such as rainfall, snowfall, and heat.
Epoxy is widely used in concrete due to its superior features, such as excellent chemical and moisture resistance, low shrinkage, and strong fatigue. Rising popularity in coating applications demands epoxy resin, which is anticipated to boost the market growth.
The polyurethane segment is anticipated to hold a key share of the market in the coming years as it offers good strength, durability, and flexibility. Polyurethane is usually softer, which provides a strong bond. The rapid expansion of various consumer goods industries demands strong adhesive solutions, which fuel the growth of the market.
What are the Main Aspects of Boosting the Technology Segment?
On the basis of technology, the adhesive spray market is segregated into water-based, solvent-based, hot melt, and others. The solvent-based segment is projected to register a considerable CAGR during the forecast period. These adhesives are a mixture of thermoplastics and solvents, which provides a strong bond between surfaces.
Solvent-based adhesive is widely used in packaging applications due to its better temperature stability, which lasts for a long period of time. Rising demand for durable solutions from the construction, automotive, and transportation industry accelerate the market growth.
The water-based adhesives segment is anticipated to account for generating a major share in the coming years as it maintains uniform consistency. It has the ability to get rigid once the water gets evaporated when it is used on surfaces. It minimizes VOC emissions and is cost-effective. Rising environmental concerns among the consumer demand for water-based spray adhesives.
How is the Application Segment Generating More Revenue Share in Spray Adhesive Market?
Based on application, the market is segmented into packaging, coating, bonding, and others. The packaging segment accounted for a large market share in 2021 and is attributed to growing at a rapid pace. It can be used on a large scale in packaging due to ease of use and strong adhesion property.
It is becoming an alternative solution to bond or stick corrugated and metal boxes owing to its high structural strength. Thus, it acts as an ideal for assembling, labeling, and paper processing.
The rapid expansion of various manufacturing industries across the globe demand for well-sealed and protective packaging, which boosts the market growth during the projected period.
What Are the Major Reasons for High Revenue Generation in End-user Segment?
On the basis of end-user, the market is fragmented into construction, transportation, textile, footwear, furniture, automotive, and others. The construction & building industry is expected to generate a major revenue share in the coming years.
Spray adhesives have wide applications in construction as it is used to join the materials for partitions, trimming and mounting attachments, and sealing and laminating the floor. It is also used to varnish paint for securing and achieving a reflective or glossy finish. Increasing construction activities at a rapid pace demand for the spray adhesives leads to fuel the market growth.
The textile industry is estimated to grow at a significant growth rate during the assessment period owing to the growing requirements for spray adhesives. It replaces stitching and helps to keep the fabric material flexible. It plays a crucial role in bonding mattresses, vinyl seats, and cushions.
Why is Asia Pacific Dominating Spray Adhesives Market?
In terms of region, the market is classified into Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is projected to generate a key share of the market due to rising developments in the building & construction sector and the packaging industry. Rising various manufacturing industries in the region, such as automotive, packaging, and building & construction accelerate the market growth.
North America is expected to grow at a significant growth rate in the coming years due to rising investments in construction and building activities. However, the wide presence of the automobile industry in the region is expected to boost the market.
Segments
The spray adhesive market has been segmented on the basis of
Resin Type
- Epoxy
- Polyurethane
- Synthetic Rubber
- Vinyl Acetate Ethylene
- Others
Technology
- Solvent-based
- Water-based
- Hot melt
- Others
Applications
- Packaging
- Coating
- Bonding
- Others
End-user
- Construction & Building
- Transportation
- Textile
- Footwear
- Furniture
- Automotive
- Food & Beverages
- Others
Region
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- 3M Spray Adhesive
- Henkel AG & Co. KGaA
- Nordson Corporation
- H.B. Fuller Company
- Blu-Sky Ltd
- AFT Aerosols Ltd.
- Casa Adhesive, Inc.
- Chemique Adhesives Inc;
- Kissel + Wolf GmbH
- Sika AG
- Phillips MFG
- Quin Global
- Worthen Industries
Competitive Landscape
The competitive landscape of the global spray adhesives market report provides key insights into the growth strategies and development initiatives implemented by the key players in the market.
Key players competing in the spray adhesive market are 3M Spray Adhesive; Henkel AG & Co. KGaA; Nordson Corporation; H.B. Fuller Company; Blu-Sky Ltd; AFT Aerosols Ltd.; Casa Adhesive, Inc.; Chemique Adhesives Inc; Kissel + Wolf GmbH; Sika AG; Phillips MFG; Quin Global; and Worthen Industries.
Some of these major companies adopted various business development strategies including mergers, acquisitions, partnerships, collaboration, product launches, and production capacity expansion to expand their consumer base and enhance their market share. For instance,
- In November 2022, Henkel launched Loctite UK 2073-2173 for high-end exterior bonding applications. This solvent-free solution is based on two-component polyurethane (2K-PU) technology. It increases the efficiency of performance on various substrates. The product is specially designed for automotive parts, such as tailgates, bumpers, luggage racks, and roof systems.
- In August 2022, 3M Spray Adhesive and Nordson Corporation introduced a 3M VHB extrudable tape. It is an advanced bonding solution that provides a faster and more sustainable remedy for manufacturing. This newly innovated product is a reliable option due to its versatile use with having highly efficient bonding properties.
- In January 2022, H.B. Fuller and HSMG entered into a partnership with H.B. Fuller Swift tak adhesives to pair HSMG PROTEAN CupKOTE. the partnership aims to provide a ready-to-use, poly-free, oil, water, and grease-resistant solution for North American single-use paper beverage cup manufacturers.
Frequently Asked Questions
3M; Henkel AG & Co. KGaA; Nordson Corporation; H.B. Fuller Company; Blu-Sky Ltd; AFT Aerosols Ltd.; Casa Adhesive, Inc.; and Chemique Adhesives Inc are some of the key players competing in the global spray adhesive market.
Asia Pacific is anticipated to dominate the global spray adhesive market during the forecast period.
The global spray adhesive market size was USD 6.53 Bn in 2021 and is likely to reach USD 6.78 Bn by 2030, expanding at a CAGR of 4.9% during 2022–2030.
Resin type, technology, applications, and end-user are the segments provided in the global spray adhesive market.
The global spray adhesive market revenue is driven by increasing awareness regarding the use of spray adhesives.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Spray Adhesive Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Spray Adhesive Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Spray Adhesive Market - Supply Chain
4.5. Global Spray Adhesive Market Forecast
4.5.1. Spray Adhesive Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Spray Adhesive Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Spray Adhesive Market Absolute $ Opportunity
5. Global Spray Adhesive Market Analysis and Forecast by Applications
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Applications
5.2.2. Y-o-Y Growth Projections by Applications
5.3. Spray Adhesive Market Size and Volume Forecast by Applications
5.3.1. Packaging
5.3.2. Coating
5.3.3. Bonding
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Applications
5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Spray Adhesive Market Analysis and Forecast by End Users
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by End Users
6.2.2. Y-o-Y Growth Projections by End Users
6.3. Spray Adhesive Market Size and Volume Forecast by End Users
6.3.1. Construction & Building
6.3.2. Transportation
6.3.3. Textile
6.3.4. Footwear
6.3.5. Furniture
6.3.6. Automotive
6.3.7. Food & Beverages
6.3.8. Others
6.4. Absolute $ Opportunity Assessment by End Users
6.5. Market Attractiveness/Growth Potential Analysis by End Users
7. Global Spray Adhesive Market Analysis and Forecast by Region
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Region
7.2.2. Y-o-Y Growth Projections by Region
7.3. Spray Adhesive Market Size and Volume Forecast by Region
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa (MEA)
7.4. Absolute $ Opportunity Assessment by Region
7.5. Market Attractiveness/Growth Potential Analysis by Region
7.6. Global Spray Adhesive Demand Share Forecast, 2019-2026
8. North America Spray Adhesive Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.2. North America Spray Adhesive Market Size and Volume Forecast by Country
8.2.1. U.S.
8.2.2. Canada
8.3. Absolute $ Opportunity Assessment by Country
8.4. North America Spray Adhesive Market Size and Volume Forecast by Applications
8.4.1. Packaging
8.4.2. Coating
8.4.3. Bonding
8.4.4. Others
8.5. Basis Point Share (BPS) Analysis by Applications
8.6. Y-o-Y Growth Projections by Applications
8.7. North America Spray Adhesive Market Size and Volume Forecast by End Users
8.7.1. Construction & Building
8.7.2. Transportation
8.7.3. Textile
8.7.4. Footwear
8.7.5. Furniture
8.7.6. Automotive
8.7.7. Food & Beverages
8.7.8. Others
8.8. Basis Point Share (BPS) Analysis by End Users
8.9. Y-o-Y Growth Projections by End Users
8.10. Market Attractiveness/Growth Potential Analysis
8.10.1. By Country
8.10.2. By Product Type
8.10.3. By Application
8.11. North America Spray Adhesive Demand Share Forecast, 2019-2026
9. Latin America Spray Adhesive Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Latin America Average Pricing Analysis
9.2. Latin America Spray Adhesive Market Size and Volume Forecast by Country
9.2.1. Brazil
9.2.2. Mexico
9.2.3. Rest of Latin America
9.3. Absolute $ Opportunity Assessment by Country
9.4. Latin America Spray Adhesive Market Size and Volume Forecast by Applications
9.4.1. Packaging
9.4.2. Coating
9.4.3. Bonding
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Applications
9.6. Y-o-Y Growth Projections by Applications
9.7. Latin America Spray Adhesive Market Size and Volume Forecast by End Users
9.7.1. Construction & Building
9.7.2. Transportation
9.7.3. Textile
9.7.4. Footwear
9.7.5. Furniture
9.7.6. Automotive
9.7.7. Food & Beverages
9.7.8. Others
9.8. Basis Point Share (BPS) Analysis by End Users
9.9. Y-o-Y Growth Projections by End Users
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.11. Latin America Spray Adhesive Demand Share Forecast, 2019-2026
10. Europe Spray Adhesive Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Europe Average Pricing Analysis
10.2. Europe Spray Adhesive Market Size and Volume Forecast by Country
10.2.1. Germany
10.2.2. France
10.2.3. Italy
10.2.4. U.K.
10.2.5. Spain
10.2.6. Russia
10.2.7. Rest of Europe
10.3. Absolute $ Opportunity Assessment by Country
10.4. Europe Spray Adhesive Market Size and Volume Forecast by Applications
10.4.1. Packaging
10.4.2. Coating
10.4.3. Bonding
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Applications
10.6. Y-o-Y Growth Projections by Applications
10.7. Europe Spray Adhesive Market Size and Volume Forecast by End Users
10.7.1. Construction & Building
10.7.2. Transportation
10.7.3. Textile
10.7.4. Footwear
10.7.5. Furniture
10.7.6. Automotive
10.7.7. Food & Beverages
10.7.8. Others
10.8. Basis Point Share (BPS) Analysis by End Users
10.9. Y-o-Y Growth Projections by End Users
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.11. Europe Spray Adhesive Demand Share Forecast, 2019-2026
11. Asia Pacific Spray Adhesive Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Asia Pacific Average Pricing Analysis
11.2. Asia Pacific Spray Adhesive Market Size and Volume Forecast by Country
11.2.1. China
11.2.2. Japan
11.2.3. South Korea
11.2.4. India
11.2.5. Australia
11.2.6. Rest of Asia Pacific (APAC)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Asia Pacific Spray Adhesive Market Size and Volume Forecast by Applications
11.4.1. Packaging
11.4.2. Coating
11.4.3. Bonding
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Applications
11.6. Y-o-Y Growth Projections by Applications
11.7. Asia Pacific Spray Adhesive Market Size and Volume Forecast by End Users
11.7.1. Construction & Building
11.7.2. Transportation
11.7.3. Textile
11.7.4. Footwear
11.7.5. Furniture
11.7.6. Automotive
11.7.7. Food & Beverages
11.7.8. Others
11.8. Basis Point Share (BPS) Analysis by End Users
11.9. Y-o-Y Growth Projections by End Users
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.11. Asia Pacific Spray Adhesive Demand Share Forecast, 2019-2026
12. Middle East & Africa Spray Adhesive Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Middle East & Africa Average Pricing Analysis
12.2. Middle East & Africa Spray Adhesive Market Size and Volume Forecast by Country
12.2.1. Saudi Arabia
12.2.2. South Africa
12.2.3. UAE
12.2.4. Rest of Middle East & Africa (MEA)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Middle East & Africa Spray Adhesive Market Size and Volume Forecast by Applications
12.4.1. Packaging
12.4.2. Coating
12.4.3. Bonding
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Applications
12.6. Y-o-Y Growth Projections by Applications
12.7. Middle East & Africa Spray Adhesive Market Size and Volume Forecast by End Users
12.7.1. Construction & Building
12.7.2. Transportation
12.7.3. Textile
12.7.4. Footwear
12.7.5. Furniture
12.7.6. Automotive
12.7.7. Food & Beverages
12.7.8. Others
12.8. Basis Point Share (BPS) Analysis by End Users
12.9. Y-o-Y Growth Projections by End Users
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.11. Middle East & Africa Spray Adhesive Demand Share Forecast, 2019-2026
13. Competition Landscape
13.1. Global Spray Adhesive Market: Market Share Analysis
13.2. Spray Adhesive Distributors and Customers
13.3. Spray Adhesive Market: Competitive Dashboard
13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
13.4.1.
13.4.2. 3M Spray Adhesive
13.4.3. Henkel AG & Co. KGaA
13.4.4. Nordson Corporation
13.4.5. H.B. Fuller Company
13.4.6. Blu-Sky Ltd
13.4.7. AFT Aerosols Ltd.
13.4.8. Casa Adhesive, Inc.
13.4.9. Chemique Adhesives Inc;
13.4.10. Kissel + Wolf GmbH
13.4.11. Sika AG
13.4.12. Phillips MFG
13.4.13. Quin Global
13.4.14. Worthen Industries
Methodology
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