Report Description

Forecast Period

2024-2028

Market Size (2022)

USD3.45 billion

CAGR (2023-2028)

5.00%

Fastest Growing Segment

Epoxy

Largest Market

Asia Pacific

 

Market Overview

Global Spray Adhesives Market has valued at USD3.45 billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 5.00% through 2028. Spray adhesives are widely used in various industries such as transportation, construction, and furniture. In the transportation industry, these adhesives find applications in interiors and upholstery for vehicles, aircraft, and ships. In construction, they are extensively utilized for flooring and roofing applications. Moreover, spray adhesives are also commonly employed in packaging, arts and crafts, and textiles. One of the key advantages of using spray adhesives is their ability to wet the base of joining surfaces, resulting in better and stronger bonds by consistently transferring loads between the blended surfaces. It is worth mentioning that some spray adhesives may contain volatile organic compounds (VOCs) that are emitted during their application.

In recent years, the demand for hygienic food packaging has been increasing, which is expected to further drive the growth of the Spray Adhesives Market. Additionally, the use of spray adhesives in bonding laminates, decorative cushions, fabrics, and foams to furniture will contribute to the growth of the industry. These versatile adhesives are also commonly used for gluing drywalls, plasters, fiberglass, and suspended ceilings. Moreover, they find applications in the construction industry for bonding EPS foams, pipe insulation, roofing membranes, and carpet tile installation.

Spray adhesives have emerged as excellent alternatives to tape glues, white glues, and hot glues due to their superior properties such as strong bonding, resistance to heat and moisture, and more. Furthermore, the increasing economic growth in countries like Indonesia, Malaysia, the Philippines, and Thailand is anticipated to drive the growth of the Spray Adhesives Market, fueled by the growing investments in the infrastructure sector.

The favorable socio-economic and demographic factors, including urbanization, population growth, disposable incomes, and improved living standards, are expected to positively impact the global spray adhesives market. However, there are certain challenges and restraints that need to be addressed. For instance, the high VOC emissions associated with solvent-based adhesives pose hurdles to market growth. Additionally, epoxy resin-based adhesives, which are commonly used in the industry, are subject to price fluctuations as they are derived from petroleum. Nevertheless, the increasing demand for low-VOC and eco-friendly adhesives, along with ongoing innovations in the field of hot melts and low-VOC formulations, are expected to create lucrative growth opportunities in the market.

Overall, the Spray Adhesives Market is poised for growth, driven by its wide range of applications and the need for efficient bonding solutions in various industries.

Key Market Drivers

Growing Demand of Spray Adhesives in Construction Industry

The global spray adhesives market has been on a consistent upward trajectory, driven by a multitude of factors. One of the key drivers of this growth is the ever-increasing demand for spray adhesives in the construction industry. The construction sector, being one of the pillars of economic development, relies heavily on efficient and reliable materials, and spray adhesives have emerged as a go-to solution for many applications in this field.

Spray adhesives, which are specialty glues packaged in convenient aerosol cans or cylinders, offer a myriad of benefits that make them highly sought after in construction projects. Their ability to provide an even distribution of adhesive ensures strong bonding, while their fast-drying time saves valuable time during construction. Furthermore, spray adhesives exhibit remarkable resistance to heat and moisture, making them ideal for various challenging environments.

In the construction sector, spray adhesives find widespread use due to their versatility, efficiency, and durability. They have proven to be indispensable in applications such as insulation attachment, drywall lamination, carpet tile installation, and ceiling tile adhesion, among others. The quick and efficient method of securing materials together that spray adhesives offer significantly reduces both the time and labor required for construction projects, enhancing overall productivity.

Another noteworthy aspect of spray adhesives is their compatibility with a wide range of materials. Whether it's wood, metal, concrete, foam, fabric, or more, spray adhesives exhibit excellent adhesion properties, making them a reliable choice for diverse construction needs. This versatility further adds to their appeal and utility in the industry.

The construction industry is experiencing substantial growth worldwide, fueled by factors such as increasing urbanization, population growth, and infrastructure development projects. As the industry expands and evolves, the demand for efficient and reliable materials like spray adhesives continues to surge. Moreover, the growing trend towards green building and sustainable construction practices has emphasized the need for products that are low in volatile organic compounds (VOCs) and contribute to improved indoor air quality. Spray adhesives, with their low VOC content, align perfectly with these requirements, further driving their adoption in construction projects.

In conclusion, the increasing demand for spray adhesives in the construction industry serves as a significant driver for the global spray adhesives market. As the construction industry continues to thrive and evolve, the demand for effective and environmentally friendly products like spray adhesives is anticipated to witness a further surge, propelling the market's growth to new heights.


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Growing Demand of Spray Adhesives in Packaging Industry

Spray adhesives, which are typically packaged in aerosol cans or cylinders, are a specialized type of glue that is specifically designed for easy and quick application. These adhesives are known for their exceptional bonding strength, fast-drying time, and resistance to both heat and moisture. One of their key advantages is the ability to provide an even distribution of adhesive, making them a preferred choice for a wide range of applications, particularly in the packaging industry.

In the packaging industry, spray adhesives play a crucial role and are extensively utilized due to their exceptional versatility and efficiency. They offer a fast, durable, and robust bond that is ideal for securing various types of packaging materials, including cardboard, plastic, and foam. The flexibility of spray adhesives also allows for both temporary and permanent bonding, depending on the specific requirements of the packaging. This adaptability makes them suitable for a wide range of packaging applications, ranging from food and beverage packaging to electronics and consumer goods packaging.

The packaging industry is experiencing robust growth globally, fueled by factors such as increasing consumerism, the booming e-commerce sector, and the expanding food and beverage industry. As this industry continues to grow, the demand for efficient and reliable materials like spray adhesives is also on the rise.

Furthermore, there is a growing emphasis on sustainable packaging solutions, which has led to an increased demand for spray adhesives that are low in volatile organic compounds (VOCs) and comply with environmental regulations. This shift towards eco-friendly practices has further propelled the demand for spray adhesives in the packaging industry.

In conclusion, the increasing demand for spray adhesives in the packaging industry is a significant driving force behind the growth of the global spray adhesives market. As the packaging industry continues to evolve towards more sustainable practices, the demand for efficient and environmentally friendly products like spray adhesives is anticipated to rise, further boosting the growth of the global spray adhesives market. The continuous development and innovation in spray adhesive technology are expected to cater to the evolving needs of the packaging industry, ensuring its vital role in the market for years to come.

Key Market Challenges

Volatility in Prices of Raw Materials

Spray adhesives, known for their convenience in aerosol cans or cylinders, are specialized glues formulated with a range of raw materials including resins, solvents, and propellants. However, the cost of these raw materials is subject to fluctuations influenced by various factors such as changes in crude oil prices, supply chain disruptions, trade policies, and geopolitical events. These price volatilities can significantly impact the overall cost of production, subsequently affecting the profitability and pricing of spray adhesives in the global market.

The volatility in raw material prices not only affects production costs but also creates challenges for manufacturers in predicting and managing costs, potentially resulting in reduced profit margins. Moreover, these price fluctuations can disrupt the competitive landscape, as smaller companies may struggle to absorb the increased costs, leading to a potential consolidation of the market in favor of larger players who have better capabilities to manage these challenges.

Additionally, the impact of volatile raw material prices extends beyond production costs. It can also result in increased logistics costs, further straining the resources of market participants and adding complexity to their operations.

Key Market Trends

Surge in Technological Advancements

Technological advancements in the field of spray adhesives are driven by the constant pursuit of improving product efficiency, reducing environmental impact, and expanding application areas. In this quest for innovation, researchers and engineers are continuously developing new formulations that offer superior bonding strength, faster drying time, and compatibility with an even wider range of materials.

One notable development in recent years is the introduction of water-based spray adhesives. These environmentally friendly alternatives have gained significant attention and are projected to capture a substantial market share. Their low volatile organic compound (VOC) emissions and compliance with stringent environmental regulations make them an ideal choice for industries that prioritize sustainability.

As a result of these technological advancements, the global spray adhesives market has witnessed a significant transformation. New and improved product formulations, coupled with enhanced application techniques, have expanded the use of spray adhesives across various industries. In the transportation sector, for example, the adoption of spray adhesives has surged for interior and upholstery applications. Technological innovations have provided superior bonding strength and durability, meeting the demanding requirements of this industry.

Furthermore, advancements in technology have enabled the development of spray adhesives that can withstand extreme temperatures and harsh environmental conditions. This has opened up new possibilities for applications in industries such as aerospace and automotive, where adhesives need to perform reliably under challenging circumstances.

As the demand for efficient and environmentally friendly adhesives continues to grow, the role of technological advancements becomes even more critical. Companies operating in the spray adhesives market must continually invest in research and development to stay ahead of evolving industry trends and consumer demands. The shift towards green and sustainable practices is expected to drive further advancements in the formulation of spray adhesives, particularly in the development of bio-based or recyclable adhesives.

By pushing the boundaries of technology, the spray adhesives industry is poised to revolutionize the way materials are bonded and revolutionize various sectors, including transportation, packaging, and construction.

Segmental Insights

Chemistry Insights

Based on the category of chemistry, the epoxy resins segment emerged as the dominant player in the global market for Spray Adhesives in 2022. The excellent resistance offered by Epoxy Resins towards heat and chemical applications is greatly boosting its demand among various end-use industries. The outstanding durability of epoxy resin makes it an ideal choice for use with a wide range of materials including fabric, wood, metal, and glass. Its low shrinkage, remarkable mechanical strength, and strong fatigue properties contribute to the projected revenue growth of this segment. Additionally, epoxy adhesives offer numerous advantages such as strong adhesive and cohesive strength, material versatility, accelerated cure time, and exceptional environmental resistance. These remarkable features make epoxy resins a preferred choice for a variety of applications in different industries.

Type Insights

The water-based segment is projected to experience rapid growth during the forecast period. The water-based segment is projected to hold a significant revenue share in the global spray adhesives market. This is primarily attributed to the presence of stringent regulations governing the emissions of volatile organic compounds (VOCs). As awareness grows regarding the negative effects of VOCs on human health, the demand for water-based adhesives is increasing in comparison to solvent-based adhesives. One of the key advantages of water-based adhesives is their absence of VOCs, making them a more environmentally friendly option.

Moreover, water-based adhesives offer various benefits such as consistency, bond stability, versatility, and cost-effectiveness. These factors are driving the revenue growth of the water-based segment. Additionally, water-based adhesives can be successfully utilized on a wide range of substrates, including synthetic and natural textiles, paper, cardboard, and plastics. Their advanced bonding capabilities make them suitable for meeting demanding applications in various end-use markets.

Furthermore, the use of water-based spray adhesives contributes to the improvement of quality, efficiency, and sustainability in the furniture and building components industry. With the increasing construction of green buildings, the demand for water-based spray adhesives is expected to witness significant growth in the construction sector. This is mainly because water-based adhesives are non-hazardous and eco-friendly, aligning with the sustainability goals of green buildings.


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Regional Insights

Asia Pacific emerged as the dominant player in the Global Spray Adhesives Market in 2022, holding the largest market share in terms of value. Rapid urbanization, industrial development, and expansion in the transportation and construction sectors in developing countries of the region are projected to drive the growth of the spray adhesives market during the forecast period. This growth is fueled by the rising investment of governments in several countries, including India, China, Indonesia, Philippines, Malaysia, and Thailand, for the development of the infrastructure sector. As the living standards of consumers continue to rise, there is a growing demand for high-quality and customized furniture, further boosting the demand for spray adhesives.

Moreover, the growth in the automotive sector of the region, driven by the increasing demand for fuel efficiency and emission reduction, is also contributing to the growing demand for eco-friendly products, including spray adhesives. China, being the largest manufacturer of automobiles in the world, is expected to play a significant role in boosting the growth of the spray adhesives market in the country.

Additionally, the increasing production of commercial aircraft in the region is further contributing to the demand for spray adhesives in the aerospace industry. As the aerospace industry continues to expand, the need for reliable and high-performance adhesives becomes crucial, making spray adhesives an essential component in aircraft manufacturing processes.

Overall, the combination of infrastructure development, growing demand for customized furniture, and the expansion of the automotive and aerospace sectors in the region is driving the demand for spray adhesives, positioning the market for significant growth in the coming years.

Recent Developments

  • In 2023, H.B. Fuller, a leading adhesive manufacturer, introduced Swift Melt 1515-I, a groundbreaking bio-compatible adhesive specifically designed for medical applications in the IMEA region (India, Middle East, and Africa). This innovative adhesive offers superior bonding properties and meets the stringent requirements of the medical industry, ensuring safe and reliable performance.
  • In 2021, Sika, a global company specializing in adhesives and sealants, expanded its production capabilities in India to meet the growing demand for high-quality adhesives and sealants in the region. Alongside this expansion, Sika also inaugurated a state-of-the-art technology center, equipped with cutting-edge research and development facilities. This move showcases Sika's commitment to driving innovation and providing advanced solutions to customers in India and beyond.

Key Market Players

  • Henkel AG & Co KGaA
  • 3M Co.
  • HB Fuller Co
  • Avery Dennison Corp
  • Bostik SA
  • ND Industries Inc.
  • Sika AG
  • Illinois Tool Works Inc
  • Kissel+Wolf GmbH
  • Quin GmbH

By Chemistry

By Type

By End User

By Region

  • Epoxy
  • Polyurethane
  • Synthetic Rubber
  • Vinyl Acetate Ethylene
  • Others
  • Solvent-Based
  • Water Based
  • Hot Melt
  • Transportation
  • Construction
  • Furniture
  • Packaging
  • Textile
  • Others
  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East & Africa

 

Report Scope:

In this report, the Global Spray Adhesives Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Spray Adhesives Market, By Chemistry:

o   Epoxy

o   Polyurethane

o   Synthetic Rubber

o   Vinyl Acetate Ethylene

o   Others

  • Spray Adhesives Market, By Type:

o   Solvent-Based

o   Water Based

o   Hot Melt

  • Spray Adhesives Market, By End User:

o   Transportation

o   Construction

o   Furniture

o   Packaging

o   Textile

o   Others

  • Spray Adhesives Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  France

§  United Kingdom

§  Italy

§  Germany

§  Spain

o   Asia-Pacific

§  China

§  India

§  Japan

§  Australia

§  South Korea

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

§  Kuwait

§  Turkey

§  Egypt

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Spray Adhesives Market.

Available Customizations:

Global Spray Adhesives Market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Spray Adhesives Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.    Markets Covered

1.2.2.    Years Considered for Study

1.2.3.    Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Overview of the Market

3.2.  Overview of Key Market Segmentations

3.3.  Overview of Key Market Players

3.4.  Overview of Key Regions/Countries

3.5.  Overview of Market Drivers, Challenges, Trends

4.    Global Spray Adhesive Market: Demand-Supply Analysis

4.1.  By Region

5.    Global Spray Adhesive Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value

5.2.  Market Share & Forecast

5.2.1.    By Chemistry (Epoxy, Polyurethane, Synthetic Rubber, Vinyl Acetate Ethylene, Others)

5.2.2.    By Type (Solvent-Based, Water Based and Hot Melt)

5.2.3.    By End User (Transportation, Construction, Furniture, Packaging, Textile, Others)

5.2.4.    By Region

5.2.5.    By Company (2022)

5.3.  Market Map

5.3.1.    By Chemistry

5.3.2.    By Type

5.3.3.    By End User

5.3.4.    By Region

6.    Asia Pacific Spray Adhesive Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Chemistry

6.2.2.    By Type

6.2.3.    By End User

6.2.4.    By Country

6.3.  Asia Pacific: Country Analysis

6.3.1.    China Spray Adhesive Market Outlook

6.3.1.1.        Market Size & Forecast

6.3.1.1.1.           By Value

6.3.1.2.        Market Share & Forecast

6.3.1.2.1.           By Chemistry

6.3.1.2.2.           By Type

6.3.1.2.3.           By End User

6.3.2.    India Spray Adhesive Market Outlook

6.3.2.1.        Market Size & Forecast

6.3.2.1.1.           By Value

6.3.2.2.        Market Share & Forecast

6.3.2.2.1.           By Chemistry

6.3.2.2.2.           By Type

6.3.2.2.3.           By End User

6.3.3.    Australia Spray Adhesive Market Outlook

6.3.3.1.        Market Size & Forecast

6.3.3.1.1.           By Value

6.3.3.2.        Market Share & Forecast

6.3.3.2.1.           By Chemistry

6.3.3.2.2.           By Type

6.3.3.2.3.           By End User

6.3.4.    Japan Spray Adhesive Market Outlook

6.3.4.1.        Market Size & Forecast

6.3.4.1.1.           By Value

6.3.4.2.        Market Share & Forecast

6.3.4.2.1.           By Chemistry

6.3.4.2.2.           By Type

6.3.4.2.3.           By End User

6.3.5.    South Korea Spray Adhesive Market Outlook

6.3.5.1.        Market Size & Forecast

6.3.5.1.1.           By Value

6.3.5.2.        Market Share & Forecast

6.3.5.2.1.           By Chemistry

6.3.5.2.2.           By Type

6.3.5.2.3.           By End User

7.    Europe Spray Adhesive Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Chemistry

7.2.2.    By Type

7.2.3.    By End User

7.2.4.    By Country

7.3.  Europe: Country Analysis

7.3.1.    France Spray Adhesive Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.           By Value

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.           By Chemistry

7.3.1.2.2.           By Type

7.3.1.2.3.           By End User

7.3.2.    Germany Spray Adhesive Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.           By Value

7.3.2.2.        Market Share & Forecast

7.3.2.2.1.           By Chemistry

7.3.2.2.2.           By Type

7.3.2.2.3.           By End User

7.3.3.    Spain Spray Adhesive Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.           By Value

7.3.3.2.        Market Share & Forecast

7.3.3.2.1.           By Chemistry

7.3.3.2.2.           By Type

7.3.3.2.3.           By End User

7.3.4.    Italy Spray Adhesive Market Outlook

7.3.4.1.        Market Size & Forecast

7.3.4.1.1.           By Value

7.3.4.2.        Market Share & Forecast

7.3.4.2.1.           By Chemistry

7.3.4.2.2.           By Type

7.3.4.2.3.           By End User

7.3.5.    United Kingdom Spray Adhesive Market Outlook

7.3.5.1.        Market Size & Forecast

7.3.5.1.1.           By Value

7.3.5.2.        Market Share & Forecast

7.3.5.2.1.           By Chemistry

7.3.5.2.2.           By Type

7.3.5.2.3.           By End User

8.    North America Spray Adhesive Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Chemistry

8.2.2.    By Type

8.2.3.    By End User

8.2.4.    By Country

8.3.  North America: Country Analysis

8.3.1.    United States Spray Adhesive Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.           By Value

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.           By Chemistry

8.3.1.2.2.           By Type

8.3.1.2.3.           By End User

8.3.2.    Mexico Spray Adhesive Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.           By Value

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.           By Chemistry

8.3.2.2.2.           By Type

8.3.2.2.3.           By End User

8.3.3.    Canada Spray Adhesive Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.           By Value

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.           By Chemistry

8.3.3.2.2.           By Type

8.3.3.2.3.           By End User

9.    South America Spray Adhesive Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Chemistry

9.2.2.    By Type

9.2.3.    By End User

9.2.4.    By Country

9.3.  South America: Country Analysis

9.3.1.    Brazil Spray Adhesive Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.           By Value

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.           By Chemistry

9.3.1.2.2.           By Type

9.3.1.2.3.           By End User

9.3.2.    Argentina Spray Adhesive Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.           By Value

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.           By Chemistry

9.3.2.2.2.           By Type

9.3.2.2.3.           By End User

9.3.3.    Colombia Spray Adhesive Market Outlook

9.3.3.1.        Market Size & Forecast

9.3.3.1.1.           By Value

9.3.3.2.        Market Share & Forecast

9.3.3.2.1.           By Chemistry

9.3.3.2.2.           By Type

9.3.3.2.3.           By End User

10. Middle East and Africa Spray Adhesive Market Outlook

10.1.             Market Size & Forecast

10.1.1. By Value

10.2.             Market Share & Forecast

10.2.1. By Chemistry

10.2.2. By Type

10.2.3. By End User

10.2.4. By Country

10.3.             MEA: Country Analysis

10.3.1. South Africa Spray Adhesive Market Outlook

10.3.1.1.     Market Size & Forecast

10.3.1.1.1.         By Value

10.3.1.2.     Market Share & Forecast

10.3.1.2.1.         By Chemistry

10.3.1.2.2.         By Type

10.3.1.2.3.         By End User

10.3.2. Saudi Arabia Spray Adhesive Market Outlook

10.3.2.1.     Market Size & Forecast

10.3.2.1.1.         By Value

10.3.2.2.     Market Share & Forecast

10.3.2.2.1.         By Chemistry

10.3.2.2.2.         By Type

10.3.2.2.3.         By End User

10.3.3. UAE Spray Adhesive Market Outlook

10.3.3.1.     Market Size & Forecast

10.3.3.1.1.         By Value

10.3.3.2.     Market Share & Forecast

10.3.3.2.1.         By Chemistry

10.3.3.2.2.         By Type

10.3.3.2.3.         By End User

10.3.4. Egypt Spray Adhesive Market Outlook

10.3.4.1.     Market Size & Forecast

10.3.4.1.1.         By Value

10.3.4.2.     Market Share & Forecast

10.3.4.2.1.         By Chemistry

10.3.4.2.2.         By Type

10.3.4.2.3.         By End User

11. Market Dynamics

11.1.             Drivers

11.2.             Challenges

12. Market Trends & Developments

12.1.             Recent Developments

12.2.             Product Launches

12.3.             Mergers & Acquisitions

13. Global Spray Adhesive Market: SWOT Analysis

14. Porter’s Five Forces Analysis

14.1.             Competition in the Industry

14.2.             Potential of New Entrants

14.3.             Power of Suppliers

14.4.             Power of Customers

14.5.             Threat of Substitute Product

15. Competitive Landscape

15.1.             Business Overview

15.2.             Company Snapshot

15.3.             Products & Services

15.4.             Current Capacity Analysis

15.5.             Financials (In case of listed companies)

15.6.             Recent Developments

15.7.             SWOT Analysis

15.7.1. Henkel AG & Co KGaA

15.7.2. 3M Co.

15.7.3. HB Fuller Co

15.7.4. Avery Dennison Corp

15.7.5. Bostik SA

15.7.6. ND Industries Inc.

15.7.7. Sika AG

15.7.8. Illinois Tool Works Inc

15.7.9. Kissel+Wolf GmbH

15.7.10.              Quin GmbH

16. Strategic Recommendations

17. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The market size of the Global Spray Adhesives Market was estimated to be USD3.45 billion in 2022.

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The epoxy segment demonstrated significant dominance in 2022. Epoxy adhesives are resistant to heat, water, and chemical corrosion, making them ideal for harsh environments where other adhesives may fail.

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Asia Pacific dominated the market with a revenue share in 2022. Asia Pacific's dominance in the global spray adhesives market is largely attributed to the growth of the construction sector in emerging economies such as China and India. Rapid urbanization, population growth, and government initiatives to enhance infrastructure are driving the demand for spray adhesives in these countries.

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Growing demand of spray adhesives in construction and packaging industries are the major drivers for the Global Spray Adhesives Market.

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Sakshi Bajaal

Business Consultant
Press Release

Spray Adhesives Market to Grow with a CAGR of 5.00% through 2028

Sep, 2023

Growing demand of spray adhesives in textile industry is expected to drive the Global Spray Adhesives Market growth in the forecast period, 2024-2028.