Market Size of Spray Adhesive Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 4.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Spray Adhesive Market Analysis
The global spray adhesive market is estimated to witness a healthy growth, at an estimated CAGR of over 4%, over the forecast period. The major factor driving the growth of the market studied is rapidly growth of construction sector in emerging economies.
- Increasing demand for low VOC adhesives is likely to create opportunities for the market in the coming years.
- Increasing demand for hygienic food packaging is projected to boost the market for spray adhesives in the future.
- Asia-Pacific region is expected to dominate the market and is also likely to witness highest CAGR during the forecast period.
Spray Adhesive Industry Segmentation
The global spray adhesive market report includes:
| Type | |
| Solvent-based | |
| Water-based | |
| Hot Melt |
| Resin Type | |
| Epoxy | |
| Polyurethane | |
| Synthetic Rubber | |
| Vinyl Acetate Ethylene |
| End-user Industry | |
| Building and Construction | |
| Packaging | |
| Furniture | |
| Transportation | |
| Textile | |
| Other End-user Industries |
| Geography | ||||||||
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Spray Adhesive Market Size Summary
The spray adhesive market is poised for robust growth, driven primarily by the burgeoning construction sector in emerging economies. This growth is further supported by the increasing demand for low VOC adhesives, which presents new opportunities for market expansion. The need for hygienic food packaging is also expected to propel the market forward. The Asia-Pacific region is anticipated to lead the market, experiencing the highest growth rate during the forecast period. This dominance is attributed to the region's rapid industrialization and economic development, particularly in China, which is a major hub for manufacturing and production.
In the transportation sector, spray adhesives play a crucial role in bonding materials such as foam, fabric, and fiberglass in vehicles and aircraft interiors. The rising demand for aircraft, driven by heightened security concerns and increased commercial aviation, is expected to boost the demand for spray adhesives globally. China's robust aircraft and automotive industries, supported by initiatives like 'Made in China 2025', further contribute to the market's growth. The spray adhesive market is partially consolidated, with key players including Arkema Group, H.B. Fuller Company, Henkel AG & Co. KGaA, Sika AG, and 3M, who are instrumental in shaping the market dynamics.
Spray Adhesive Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Rapidly Growth of Construction Sector in Emerging Economies
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1.1.2 Increasing Demand for Hygienic Food Packaging
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1.1.3 Other Drivers
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1.2 Restraints
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1.2.1 Impact of COVID-19 Pandemic
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1.2.2 Other Restraints
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1.3 Industry Value-Chain Analysis
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1.4 Porters Five Force Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION
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2.1 Type
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2.1.1 Solvent-based
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2.1.2 Water-based
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2.1.3 Hot Melt
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2.2 Resin Type
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2.2.1 Epoxy
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2.2.2 Polyurethane
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2.2.3 Synthetic Rubber
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2.2.4 Vinyl Acetate Ethylene
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2.3 End-user Industry
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2.3.1 Building and Construction
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2.3.2 Packaging
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2.3.3 Furniture
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2.3.4 Transportation
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2.3.5 Textile
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2.3.6 Other End-user Industries
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2.4 Geography
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2.4.1 Asia-Pacific
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2.4.1.1 China
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2.4.1.2 India
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2.4.1.3 Japan
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2.4.1.4 South Korea
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2.4.1.5 ASEAN Countries
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2.4.1.6 Rest of Asia-Pacific
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2.4.2 North America
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2.4.2.1 United States
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2.4.2.2 Canada
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2.4.2.3 Mexico
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2.4.3 Europe
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2.4.3.1 Germany
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2.4.3.2 United Kingdom
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2.4.3.3 Italy
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2.4.3.4 France
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2.4.3.5 Rest of Europe
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2.4.4 South America
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2.4.4.1 Brazil
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2.4.4.2 Argentina
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2.4.4.3 Rest of South America
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2.4.5 Middle-East and Africa
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2.4.5.1 Saudi Arabia
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2.4.5.2 South Africa
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2.4.5.3 Rest of Middle-East and Africa
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Spray Adhesive Market Size FAQs
What is the current Spray Adhesive Market size?
The Spray Adhesive Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)
Who are the key players in Spray Adhesive Market?
Arkema Group, H.B. Fuller Company, Henkel AG & Co. KGaA, Sika AG and 3M are the major companies operating in the Spray Adhesive Market.
