According to the latest report by IMARC Group, titled “Spray Adhesives Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” the global spray adhesives market size reached US$ 3.5 Billion in 2022. Spray adhesives are versatile bonding solutions used in various industries and applications. They consist of adhesive formulations that are pressurized and packaged in aerosol cans, allowing for easy and efficient application. They are designed to provide strong and durable bonds between different materials, making them popular choices in both industrial and consumer settings. They offer fast track and quick drying times, reducing the need for extended clamping or curing periods, thus improving overall productivity. They exhibit excellent bonding properties across a wide range of materials, including wood, metal, plastic, foam, fabric, and paper. As a result, they are commonly used in woodworking, upholstery, automotive, crafts, and DIY projects, as well as in industrial applications, including laminating, insulation, and packaging.
Global Spray Adhesives Market Trends:
The increasing demand for efficient and rapid assembly methods across industries, such as automotive, construction, and aerospace is driving the global market. Moreover, wide utilization of spray adhesive in the automotive industry's as they offer an efficient and uniform bonding solution for these lightweight materials, contributing to improved vehicle fuel efficiency and structural integrity are creating a positive market outlook. Moreover, the increasing trend towards DIY (do-it-yourself) projects and home improvement activities has propelled the demand for consumer-grade spray adhesives. Furthermore, the growth of the packaging industry, fuelled by the rise in e-commerce and consumer goods demand, has created a need for reliable adhesives for packaging and labeling applications. Spray adhesives provide efficient bonding for various packaging materials, ensuring secure and appealing packaging solutions. Additionally, the push for eco-friendly and low volatile organic compound (VOC) adhesive solutions has augmented the development of environmentally friendly spray adhesives. These adhesives comply with stringent regulations and meet the sustainability goals of various industries. Looking forward, the market value is projected to reach US$ 4.5 Billion by 2028, expanding at a CAGR of 4.5% during 2023-2028.
- Based on the type, the market has been segmented into solvent-based, water-based, and hot melt.
- On the basis of the resin type, the market has been divided into epoxy, polyurethane, synthetic rubber, and vinyl acetate ethylene.
- Based on the end use industry, the market has been bifurcated into building and construction, packaging, furniture, transportation, textile, and others.
- Region-wise, the market has been segmented into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and the Middle East and Africa.
- The competitive landscape of the market has also been examined, with some of the key players being 3M Company, AFT Industries, Ashland, BASF SE, Bostik SA (Arkema S.A.), Gemini Adhesives Ltd., H.B. Fuller Company, Henkel AG & Co. KGaA, Phillips MFG, Sika AG, Spray-Lock Inc and The Kroger Co.
|Base Year of the Analysis
||Type, Resin Type, End Use Industry, Region
|| Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||3M Company, AFT Industries, Ashland, BASF SE, Bostik SA (Arkema S.A.), Gemini Adhesives Ltd., H.B. Fuller Company, Henkel AG & Co. KGaA, Phillips MFG, Sika AG, Spray-Lock Inc and The Kroger Co.
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