Spray Adhesives Market Report: Trends, Forecast and Competitive Analysis to 2030

Spray Adhesives Trends and Forecast

The future of the global spray adhesives market looks promising with opportunities in the building and construction, packaging, furniture, transportation, and textile markets. The global spray adhesives market is expected to reach an estimated $4.2 billion by 2030 with a CAGR of 4.7% from 2024 to 2030. The major drivers for this market are significant growth in the construction industry across the globe, significant research and development (R&D) efforts to produce spray adhesives that are safe for the skin and the environment, as well as, growing need for sanitary food packaging solutions.

A more than 150-page report is developed to help in your business decisions.

Spray Adhesives by Segment

The study includes a forecast for the global spray adhesives by chemistry, type, application, and region.

Spray Adhesives Market by Chemistry [Shipment Analysis by Value from 2018 to 2030]:

• Polyurethane
• Epoxy
• Vinyl Acetate-Ethylene
• Synthetic Rubber
• Others

Spray Adhesives Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Hot- Melt
• Solvent
• Water
• Others

Spray Adhesives Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Building and Construction
• Packaging
• Furniture
• Transportation
• Textile
• Others

Spray Adhesives Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Spray Adhesives Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies spray adhesives companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the spray adhesives companies profiled in this report include-

• AFT Aerosols
• Gemini Adhesives
• 3M
• Phillips Manufacturing
• H.B.Fuller
• Henkel
• BASF
• Eastman Chemical Company
• Sika
• AVERY DENNISON

Spray Adhesives Market Insights

Lucintel forecasts that hot-melt will remain the largest segment over the forecast period due to strengthening of environmental regulations pertaining to spray adhesives' VOC levels, as well as, owing to their lack of a solvent or water carrier, hot melt spray adhesives have a very low volatile organic compound (VOC) concentration, making them more environmentally friendly.

APAC is expected to witness highest growth over the forecast period due to robust governmental initiatives, robust development in the building sector from expanding nations like China, India, and Indonesia, and potential benefits from the automotive sector owing to growing socioeconomic issues and current projects.

Features of the Global Spray Adhesives Market

Market Size Estimates: Spray adhesives market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Spray adhesives market size by chemistry, type, application, and region in terms of value ($B).

Regional Analysis: Spray adhesives market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different chemistry, type, application, and regions for the spray adhesives market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the spray adhesives market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the spray adhesives market size?

Answer: The global spray adhesives market is expected to reach an estimated $4.2 billion by 2030.

Q2. What is the growth forecast for spray adhesives market?

Answer: The global spray adhesives market is expected to grow with a CAGR of 4.7% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the spray adhesives market?

Answer: The major drivers for this market are significant growth in the construction industry across the globe, significant research and development (R&D) efforts to produce spray adhesives that are safe for the skin and the environment, as well as, growing need for sanitary food packaging solutions.

Q4. What are the major segments for spray adhesives market?

Answer: The future of the global spray adhesives market looks promising with opportunities in the building and construction, packaging, furniture, transportation, and textile markets.

Q5. Who are the key spray adhesives market companies?

Answer: Some of the key spray adhesives companies are as follows.

• AFT Aerosols
• Gemini Adhesives
• 3M
• Phillips Manufacturing
• H.B.Fuller
• Henkel
• BASF
• Eastman Chemical Company
• Sika
• AVERY DENNISON

Q6. Which spray adhesives market segment will be the largest in future?

Answer: Lucintel forecasts that hot-melt will remain the largest segment over the forecast period due to strengthening of environmental regulations pertaining to spray adhesives' VOC levels, as well as, owing to their lack of a solvent or water carrier, hot melt spray adhesives have a very low volatile organic compound (VOC) concentration, making them more environmentally friendly.

Q7. In spray adhesives market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period due to robust governmental initiatives, robust development in the building sector from expanding nations like China, India, and Indonesia, and potential benefits from the automotive sector owing to growing socioeconomic issues and current projects.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the spray adhesives market by chemistry (polyurethane, epoxy, vinyl acetate-ethylene, synthetic rubber, and others), type (hot- melt, solvent, water, and others), application (building and construction, packaging, furniture, transportation, and textiles, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?