Spray Adhesives Market Size to surpass $9bn by 2025

Published Date: August 28, 2019

Spray Adhesives Market size is set to surpass USD 9 billion by 2025; according to a new research report by Global Market Insights Inc.

Bolstered by high growth in transportation industry, global spray adhesives market is all set to achieve significant growth rates. Spray adhesives are used in ample number of applications in transportation industry owing to unique advantages offered by the product such as providing 100% resistance to delamination caused by migration of plasticizer, high resistance to temperature and many other benefits. Growing transportation sector across the globe is the key reason behind increasing demand of spray adhesives. For instance, rising GDP and consumer income in Latin America is anticipated to increase car ownerships in the region which in turn will boost product demand for transportation end-user segment.

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Water based adhesives are quite low at cost as compared to solvent based adhesives and maintain a stronger bond as compared to solvent alternatives. Having a low VOC content water based sprayable adhesives are safer and ecofriendly. Also, there are very few environment regulations in case of this category of adhesives and possess less safety concerns while using in consumer products.

Browse key industry insights spread across 257 pages with 363 market data tables & 23 figures & charts from the report, “Spray Adhesives Market Size By Technology (Solvent Based, Water Based, Hot Melt), By Resin (Epoxy, Polyurethane, Synthetic Rubber), By End-user (Building & Construction, Packaging, Footwear, Transportation, Hygiene), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, Turkey, China, India, Japan, Australia, Thailand, South Korea, Indonesia, Malaysia, Brazil, Mexico, South Africa, Saudi Arabia, UAE, Kuwait), Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019-2025” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/spray-adhesives-market

Spray adhesives market is also segmented on the basis of resin where epoxy and polyurethane are the major type of resins used in the production process having a share of around 40 % and 25% respectively. Polyurethane adhesives develop a strong bond to the applied surface which makes construction and manufacturing processes quite cheaper and simpler. This category of adhesives helps in distributing weights over the entire bond length of the product which in turn tends to extend bond life.

Building & construction accounts for the major spray adhesives market share among all the other type and generated revenue over USD 1.8 billion in 2018. The product is used to attach drywall, molding, tiles, floors and ceilings. In packaging industry, the product is in a range of applications including film laminating, cut out windows laminating, bonding folding boxes etc. This category of adhesives ensures a reliable and permanent bond and provides sustainability, food safety and energy efficiency and food safety. Adhesives are generally used to facilitate packaging processes. They are used for sealing bags, wrap arounds and trays.

North America is one of the major growth markets for the product having a share of over 20% in the global spray adhesives market. A high demand from this region is expected to arise from growth of end user industries. For instance, the U.S. government has been supporting public and domestic construction and infrastructure projects. Furthermore, progression march toward smart cities continues to increase as cities all over the world have started to invest in connected infrastructures. Global spending for smart cities is expected to reach USD 160 billion by 2025 which in turn can result in increasing product demand.

Few key players involved in the spray adhesives market are the 3M, BASF, Sika, H, B, Fuller Company, Henkel. etc. Companies are highly focused in adopting new strategies to enhance their market position. For instance, Henkel has signed an agreement with Novamelt GmbH, a private company in Germany. The agreement aims to highlight the acquisition of the company by Henkel. With this step, Henkel will stronger its market position globally in adhesives, coatings and sealants and will improve company’s portfolio in hot melt adhesives.

The spray adhesives market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in kilo tons & revenue in USD million from 2014 to 2025, for the following segments:

By Resin

• Epoxy
• Polyurethane
• Synthetic rubber
• Others

Technology by End-user

• Solvent based
  • Building and Construction
  • Packaging
  • Footwear
  • Transportation
  • Hygiene
  • Others
• Water based
  • Building and Construction
  • Packaging
  • Footwear
  • Transportation
  • Hygiene
  • Others
• Hot melt
  • Building and Construction
  • Packaging
  • Footwear
  • Transportation
  • Hygiene
  • Others

By End User

• Building and Construction
• Packaging
• Footwear
• Transportation
• Hygiene
• Others

The above information is provided on a regional and country basis for the following:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Russia
  • Turkey
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • Indonesia
  • Thailand
  • Malaysia
  • South Korea
• Latin America
  • Brazil
  • Mexico
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Kuwait