Spray Adhesives Market Size, Share, Growth Report 2030

Spray Adhesives Market

Spray Adhesives Market - By Type (Water-Based, Solvent-Based, And Hot Melt), By Chemistry (Polyurethane, Epoxy, Vinyl Acetate Ethylene, And Synthetic Rubber), By End-User Industry Industry (Construction, Transportation, Furniture, And Others), And By Region- Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026

Category: Chemical & Materials Report Format : PDF Pages: 110 Report Code: ZMR-2949 Published Date: Sep-2020 Status : Published

Global Spray Adhesives market, which was estimated at 3.54 (USD Billion) in 2019 and will garner 7.27 (USD Billion) by 2026, is set to record a CAGR of nearly 4.4% over 2020-2026

The global Spray Adhesives market, which was estimated at 3.54 (USD Billion) in 2019 and will garner 7.27 (USD Billion) by 2026, is set to record a CAGR of nearly 4.4% over 2020-2026. The report offers valuation and analysis of Spray Adhesives market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, limitations, sales estimates, avenues, current & emerging trends, and industry-validated market data. The report offers historical data from 2016 to 2019 along with a forecast from 2020 to 2026 based on value (USD Billion).

Global Spray Adhesives Market SizeRequest Free Sample

Introduction

Spray adhesives are used in the droplet form and replace tape glue, white glue, and hit glue. Beneficial features of the product like strong bonding and heat & moisture resistance has made it popular across various industries. Apparently, spray adhesives are used in furniture and transport sectors on a large scale. In transport activities, these materials are utilized as a key component of upholstery and interiors in ships and automobiles. While, in construction sector, spray adhesives are utilized in ground surface construction as well as in construction materials. These products are used as a part of artworks & expressions and bundling.

Market Growth Drivers

Escalating requirement of hygienic food packaging is predicted to embellish the growth of spray adhesives market in the years ahead. Additionally, lucrative use of spray adhesives in bonding laminates, decorative cushions, fabrics, and foams to furniture will embellish the industry growth in the years ahead. Apparently, a prominent surge in the construction activities and enhancements in the standard of living of the people has contoured the demand for the product in the recent years, thereby driving the business trends. Moreover, massive use of hot melt sprays in the packaging activities will create new growth avenues for the market over the years to come. Nonetheless, oscillating raw material costs and health issues caused due to volatile organic compound emissions from the product can retard the utility of spray adhesive. This, in turn, will result in diminishing fiscal returns for the market over the next couple of years.  However, demand for the product in countries like India is going to get momentum due to initiatives like Make In India, thereby paving the way for rise in domestic production of commercial & passenger vehicles in the country. Such initiatives will not only ameliorate the market revenue in the foreseeable future but will negate the effect of the hindrances on the business.

Asia Pacific To Play A Leading Role In Global Market Growth By 2026

The region is likely to contribute majorly towards global spray adhesives market share during estimated timeframe owing to massive product penetration across furniture, transport, packaging, and construction sectors in the countries like China and India. Rapid industrialization and urbanization in the emerging economies are likely to shape the different facets of growth of market in the region over the forthcoming years. Surge in number infrastructural projects with the focus of the government to build a robust infrastructure will boost the regional market trends.

Key players likely to contribute notably towards the market proceeds include H.B. Fuller, 3M, Bostik SA, Quin Global, Kissel+Wolf GmbH, Henkel, and SIKA AG.

The global spray adhesives market is segmented as follows:

By Chemistry

  • Epoxy
  • Polyurethane
  • Synthetic Rubber
  • Vinyl Acetate Ethylene

By Type

  • Solvent-Based
  • Water-Based
  • Hot Melt

By End-User Industry Industry

  • Transportation
  • Construction
  • Furniture
  • Other

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

Methodology

FrequentlyAsked Questions

Escalating requirement of hygienic food packaging is predicted to embellish the growth of spray adhesives market in the years ahead. Additionally, lucrative use of spray adhesives in bonding laminates, decorative cushions, fabrics, and foams to furniture will embellish the industry growth in the years ahead. Apparently, a prominent surge in the construction activities and enhancements in the standard of living of the people has contoured the demand for the product in the recent years, thereby driving the business trends.

According to Zion Market Research report, The global Spray Adhesives market, which was estimated at 3.54 (USD Billion) in 2019 and will garner 7.27 (USD Billion) by 2026, is set to record a CAGR of nearly 4.4% over 2020-2026.

Asia Pacific is likely to make noteworthy contributions towards overall market revenue. The growth of the industry in the sub-continent over the estimated timespan massive product penetration across furniture, transport, packaging, and construction sectors in the countries like China and India. Rapid industrialization and urbanization in the emerging economies are likely to shape the different facets of growth of market in the region over the forthcoming years. Surge in number infrastructural projects with the focus of the government to build a robust infrastructure will boost the regional market trends.

The key players profiled in the report include H.B. Fuller, 3M, Bostik SA, Quin Global, Kissel+Wolf GmbH, Henkel, and SIKA AG. With new players entering the market, the market is likely to be highly competitive and hence the existing players are focusing on product innovations keeping the cost of product reasonable with a view to acquire desired profits. Apart from this, industry players are trying to coin new ways to lessen/mitigate the ecological damage caused as a result of the production and this is likely to promote the business growth trends in the near future.

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