The market valuation for spray adhesives is expected to surpass $6.38 billion by 2029. Supported by the high growth in the transport and construction industries, the market is poised to achieve significant growth rates

The growing acceptance of spray adhesives over traditional adhesives and tapes has increased research and development activities for spray adhesives in the market. The high demand for spray adhesives in the end user industry is responsible for the global market for spray adhesives.

PUNE, India, September 21, 2022 /PRNewswire/ — Spray adhesives, also known as sprayable adhesives, are adhesives that are delivered in aerosol form. These adhesives offer good adhesion with fast and aggressive tack. Spraying increases application speed with minimal waste through a controlled spraying mechanism. The market for spray adhesive in the furniture industry is expected to register the fastest growth during the forecast period.

The global spray adhesive market size was at $3.22 billion in 2021. The market could rise $6.38 billion at 4.8% CAGR through 2029 over the forecast period.

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Spray Adhesives Market by Type (Solvent Based, Water Based, Hot Melt), Chemistry (Epoxy, Polyurethane, Synthetic Rubber, Vinyl Acetate Ethylene, Others), End Use (Transportation, Construction, Furniture, Others) And Region (North America, Asia Pacific, Europe, South America, Middle East & Africa), Global Trends and Forecast From 2022 To 2029

Demand for spray adhesives has increased due to increasing technological advances and an increasing demand from applications, namely architecture, home appliances, automotive, furniture, agriculture, construction and earthmoving equipment, general industry and others.

Partnerships, collaborations and agreements

  • On February 2021Henkel Corporation and FREEDM Systems Engineering Research Center announced a new partnership agreement aimed at studying the impact of materials technology on power electronics applications.
  • On June 2021, HB Fuller announced a distribution agreement with Jubilant Agri and Consumer Products Ltd., a wholly owned subsidiary of Jubilant Industries, to meet the growing demand for adhesive applications in the B2B woodworking segment. JACPL will now act as HB Fuller’s national distributor

Growing furniture industry to drive spray adhesive market

The market for spray adhesive in the furniture industry is expected to register the fastest growth during the forecast period. The growth of the furniture industry is attributed to the growing construction industry and the improvement in living standards. New builds will increase demand for home and/or office furniture. This is expected to be mainly in developing countries such as China, India, Braziland South Africa.

Asia Pacific is expected to be the fastest growing spray adhesive market during the forecast period

The markets in developing countries such as China and India are experiencing high growth due to the increasing purchasing power of the middle class and growing urbanization. The market for spray adhesive in India is expected to experience the highest CAGR during the forecast period.

Report Attribute/Metric

details

market size

$6.38 billion by 2029

$3.22 billion in 2021

CAGR

4.8% (2022-2029)

base year

2021

forecast period

2022-2029

Historical data

2017

Forecast Units

Value (Billion USD)

report coverage

Sales Forecast, Competitive Landscape, Growth Factors and Trends

Covered Segments

Material type, aircraft type

Regions Covered

North America, Europe, Asia Pacific and Rest of the World (RoW)

key provider

Akzo Nobel NV, PPG Industries, Bostik SA, HB Fuller, Henkel, Illinois Tool Works, Kissel+ Wolf GmbH, Quin Global, Sika AG and 3M

Important market opportunities

Increasing demand from the growing construction sector

Important market drivers

Increasing investments in the construction sector and expansion of the packaging industry in developing regions

scope of customization

Free report customization (equivalent to up to 8 analyst business days) with purchase. Addition or change of country, regional and segment scope.

Prices and purchase options

The entire organization can use the report. It can be printed and shared. Delivery in PDF and Excel.

Stakeholders prioritize strategic approaches to increase penetration

The market is highly competitive due to the presence of a large number of players with strong production capacities. Strategic activities by key players, including expansion of production capacity, new product launches and strategic agreements, will set them apart in the long term.

Among the most important companies in the industry AkzoNobel NV, PPG Industries, Bostik SA, HB Fuller, Henkel, Illinois Tool Works, Kissel+ Wolf GmbH, Quin Global, Sika AG and 3M.

Key Market Segments: Spray Adhesive Market

Spray Adhesive Market, by Type, 2022-2029 (Million USD, Kilotons)

  • solvent based
  • On a water basis
  • Hot Melt

Spray Adhesive Market by Chemistry, 2022-2029 (Million USD, Kilotons)

  • epoxy
  • polyurethane
  • synthetic rubber
  • vinyl acetate ethylene

Spray Adhesive Market, by End-Use, 2022-2029, (Million USD, Kilotons)

  • transport
  • construction
  • furniture
  • Other

Spray Adhesive Market by Region, 2022-2029 (Million USD, Kilotons)

  • North America
  • Europe
  • Asia Pacific
  • South America
  • middle East and Africa

Key Market Trends

Increasing demand from the transport sector

  • Spray adhesives are required for a variety of transportation applications. These adhesives are mainly used in the interior trim of vehicles and aircraft.
  • Spray adhesives help to bond foam, cloth, fiberglass, leather, and other materials to the vehicle’s body.
  • With increasing safety concerns and increasing commercial use of airplanes as a mode of transport, the demand for airplanes has increased worldwide. Various aircraft production orders are therefore due for delivery in the coming years.
  • According to Boeing, for example, commercial aircraft deliveries are expected to reach about 17,390 units by 2029 Asia Pacific9,130 ​​units in North America and about 8,990 units in Europe.
  • Therefore, with the production of aircraft to deliver aircraft orders from defense and aerospace industries, the demand for spray adhesives is expected to increase globally during the forecast period.

Market Dynamics for Spray Adhesive

driver

  • Increasing use of spray adhesives in the consumer industry
  • The rapid growth of key end-use industries in APAC

limitations

  • The volatility of commodity prices

occasions

  • Increasing demand for low-VOC and environmentally friendly adhesives

challenges

  • Compliance with environmental standards while maintaining performance

The chemical and materials industries are struggling against the tangible impact of economic and cultural changes, explore Exactitude Consultancy

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About accuracy advice

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