Global Spray Adhesives Market

Spray Adhesives Market Size, Share, Growth Analysis, By Type(Solvent-based, water-based, and hot melt adhesives), By End user(Automotive, construction, packaging, furniture), By Chemistry(Epoxy, polyurethane, acrylic, and others), By Region - Industry Forecast 2024-2031


Report ID: SQMIG15A2292 | Region: Global | Published Date: February, 2024
Pages: 157 |Tables: 93 |Figures: 76

Spray Adhesives Market Insights

Spray Adhesives Market size was valued at USD 3.5 billion in 2022 and is poised to grow from USD 3.66 billion in 2023 to USD 4.98 billion by 2030, at a CAGR of 4.5% during the forecast period (2023-2030).

The construction industry's significant growth worldwide is a key factor driving positive market prospects for spray adhesives. These adhesives are extensively utilized for bonding various materials such as laminates, drywalls, fiberglass, ceilings, foams, plasters, pipe insulation, roofing membranes, and carpet tiles to the flooring and roofing of buildings.

Furthermore, the rising consumer demand for durable packaging solutions is fueling the market's growth. The adoption of spray adhesives for interior and upholstery applications in marine vessels, automobiles, and aircraft is also contributing to market expansion.

These adhesives find widespread use in bonding foam, fabric, fiberglass, leather, and other materials to the vehicle body. Moreover, product innovations such as the introduction of low volatile organic compound (VOC) spray adhesives are favorably impacting market growth.

Manufacturers are focusing on extensive research and development (R&D) efforts to produce environmentally friendly and skin-friendly spray adhesives. Additionally, the increasing demand for hygienic food packaging solutions is expected to further drive market growth.

US Spray Adhesives Market is poised to grow at a sustainable CAGR for the next forecast year.

Market Snapshot - 2024-2031

Global Market Size

USD 3.5 billion

Largest Segment

construction

Fastest Growth

construction

Growth Rate

4.5% CAGR

Global Spray Adhesives Market by region
Country Share for North America (%)

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Spray Adhesives Market Segmental Analysis

The spray adhesives market is segmented based on type, chemistry, end-user industry, and region. In terms of type, it includes solvent-based, water-based, and hot melt adhesives. The chemistry segment comprises epoxy, polyurethane, acrylic, and others. The end-user industries encompass automotive, construction, packaging, furniture, and others. Geographically, the market is divided into North America, Europe, Asia-Pacific, and the rest of the world.

Spray Adhesives Market Analysis By Type

Aerosol spray adhesives are expected to be the largest segment in the spray adhesives market. These adhesives are popular due to their convenience and ease of use. They are widely used in various industries, including construction, automotive, packaging, and crafts. Aerosol spray adhesives offer quick and precise application, making them a preferred choice for bonding different materials. The versatility of aerosol spray adhesives contributes to their dominance in the market.

Water-based spray adhesives are projected to be the fastest growing segment in the spray adhesives market. With increasing environmental regulations and growing awareness about sustainability, there is a rising demand for adhesives with lower volatile organic compound (VOC) content. Water-based spray adhesives are an eco-friendly alternative to solvent-based adhesives as they have lower VOC emissions. These adhesives are widely used in industries such as furniture, textiles, and woodworking. The shift towards more sustainable and environmentally friendly products is driving the growth of water-based spray adhesives in the market.

Spray Adhesives Market Analysis By Chemistry

The largest segment in the spray adhesives market with respect to chemistry is the solvent-based adhesives segment. Solvent-based adhesives have been widely used in various industries due to their excellent bonding capabilities and versatility. They are commonly used in applications such as woodworking, automotive, packaging, and construction. The solvent-based adhesives segment holds a significant market share due to their strong adhesive properties, fast curing time, and wide availability.

The fastest-growing segment in the spray adhesives market with respect to chemistry is the water-based adhesives segment. Water-based adhesives are gaining popularity as an environmentally friendly alternative to solvent-based adhesives. They have lower VOC emissions, reduced flammability risks, and improved worker safety. Additionally, water-based adhesives meet the increasing demand for sustainable and green products across various industries. The water-based adhesives segment is experiencing significant growth due to strict environmental regulations, rising awareness about eco-friendly products, and the shift towards sustainable manufacturing practices.

Global Spray Adhesives Market by end-user, 2023 (%)

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Spray Adhesives Market Regional Insights

North America is expected to be the largest regional segment in the spray adhesives market. This can be attributed to the presence of well-established industries such as automotive, construction, and packaging, which extensively utilize spray adhesives in their manufacturing processes. Additionally, the region has a high demand for innovative and sustainable adhesive solutions, driving the growth of the spray adhesives market in North America.

Asia Pacific is anticipated to be the fastest growing regional segment in the spray adhesives market. The region's rapid industrialization, growing population, and increasing urbanization have resulted in significant demand for spray adhesives across various sectors, including automotive, construction, furniture, and textiles. Additionally, rising investments in infrastructure development and the flourishing e-commerce industry are further fueling the demand for spray adhesives in the Asia Pacific region. The market is also benefiting from the shift of manufacturing activities to countries like China, India, and Southeast Asian nations, which are experiencing robust economic growth and increased adhesive consumption.

Global Spray Adhesives Market by geography, 2024-2031
  • Largest
  • Fastest

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Spray Adhesives Market Dynamics

Spray Adhesives Market Drivers

Rise of Construction Activities

  • The main driver of the spray adhesives market is the significant growth in the construction and packaging industries. The construction industry's expansion worldwide creates a strong demand for spray adhesives in bonding various materials for flooring, roofing, and interior applications. Additionally, the increasing consumer demand for durable and efficient packaging solutions drives the market growth for spray adhesives.

Spray Adhesives Market Restraints

Stringent Regulations and Fluctuation Cost

  • One of the key restraints is the environmental concerns associated with the use of certain types of spray adhesives, particularly solvent-based adhesives that emit volatile organic compounds (VOCs). This has led to the implementation of stringent regulations by governments to limit VOC emissions. Compliance with these regulations and the development of eco-friendly alternatives pose challenges to the market.
  • Furthermore, the fluctuations in raw material prices, particularly for petrochemical-based adhesive components, can also act as a restraint. Price volatility affects the overall cost of production, which may impact the profitability and pricing of spray adhesives. Market participants need to manage these cost fluctuations and maintain competitive pricing to sustain growth in the face of these restraints.

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Spray Adhesives Market Competitive Landscape

The spray adhesives market is highly competitive, with several key players striving to maintain their market positions and capture a larger share. These companies focus on product innovation, strategic partnerships, and mergers and acquisitions to strengthen their market presence. To gain a competitive edge, market players are investing significantly in research and development activities to develop advanced and eco-friendly spray adhesive products. They are also expanding their product portfolios to cater to diverse end-use industries such as automotive, construction, packaging, and textiles. Collaborations and partnerships with end-use industries and adhesive technology providers are common strategies adopted by market players to expand their customer base and market reach. Additionally, mergers and acquisitions enable companies to consolidate their market position, enhance their product offerings, and leverage synergies. The competitive landscape is characterized by intense competition, technological advancements, and a focus on sustainability. Market players strive to differentiate themselves by offering high-performance, cost-effective, and environmentally friendly spray adhesive solutions to meet the evolving needs of customers in various industries.

Spray Adhesives Market Top Player’s Company Profiles

  • 3M Company - United States
  • Henkel AG & Co. KGaA - Germany
  • H.B. Fuller Company - United States
  • Sika AG - Switzerland
  • Bostik SA - France
  • Ashland Global Holdings Inc. - United States
  • Avery Dennison Corporation - United States
  • Illinois Tool Works Inc. - United States
  • Jowat SE - Germany
  • LORD Corporation - United States
  • Huntsman Corporation - United States
  • Permabond LLC - United Kingdom
  • Pidilite Industries Ltd. - India
  • Royal Adhesives & Sealants - United States
  • CRC Industries, Inc. - United States
  • Quin Global (UK) Ltd. - United Kingdom
  • Dymax Corporation - United States
  • Hexion Inc. - United States
  • Mapei S.p.A. - Italy
  • Adhesive Systems Inc. - United States

Spray Adhesives Market Recent Developments

  • In June 2021, In order to meet the expanding demand for adhesive applications in the B2B woodworking market, H.B. Fuller announced a distribution agreement with Jubilant Agri and Consumer Products Ltd., a 100% subsidiary of Jubilant Industries. H.B. Fuller will now have JACPL as a national channel partner.

Spray Adhesives Key Market Trends

  • The spray adhesives market is witnessing several key market trends that are shaping the industry landscape. One notable trend is the increasing demand for eco-friendly and sustainable adhesive solutions. As environmental consciousness grows, consumers and businesses are seeking adhesives that have minimal impact on the environment without compromising performance. This has led to the development of water-based and low volatile organic compound (VOC) spray adhesives, which are gaining significant popularity. Another significant trend is the rising adoption of spray adhesives in various end-use industries, including automotive, construction, packaging, and textiles. The versatility and convenience of spray adhesives make them ideal for bonding different materials, such as metals, plastics, fabrics, and wood. Furthermore, technological advancements have led to the introduction of innovative spray adhesive formulations that offer improved bonding strength, fast curing times, and enhanced heat and moisture resistance. These trends are expected to drive the growth of the spray adhesives market in the coming years.

Spray Adhesives Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Product types team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

According to our analysis, the global spray adhesives market is poised for promising future prospects. With the growing demand for efficient and convenient bonding solutions across various industries, such as automotive, construction, packaging, and textiles, the spray adhesives market is expected to witness substantial growth. Advancements in adhesive technologies, coupled with increasing environmental regulations favoring low-VOC and eco-friendly formulations, are driving product innovation in the market. Additionally, the rise in disposable incomes and changing lifestyles are boosting the demand for consumer goods, further fueling the adoption of spray adhesives. Overall, the market's future looks bright, with continued expansion and opportunities for manufacturers and suppliers to thrive.

Report Metric Details
Market size value in 2023 USD 3.5 billion
Market size value in 2031 USD 4.98 billion
Growth Rate 4.5%
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Type
    • Solvent-based, water-based, and hot melt adhesives
  • End user
    • Automotive, construction, packaging, furniture, and others
  • Chemistry
    • Epoxy, polyurethane, acrylic, and others
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • 3M Company - United States
  • Henkel AG & Co. KGaA - Germany
  • H.B. Fuller Company - United States
  • Sika AG - Switzerland
  • Bostik SA - France
  • Ashland Global Holdings Inc. - United States
  • Avery Dennison Corporation - United States
  • Illinois Tool Works Inc. - United States
  • Jowat SE - Germany
  • LORD Corporation - United States
  • Huntsman Corporation - United States
  • Permabond LLC - United Kingdom
  • Pidilite Industries Ltd. - India
  • Royal Adhesives & Sealants - United States
  • CRC Industries, Inc. - United States
  • Quin Global (UK) Ltd. - United Kingdom
  • Dymax Corporation - United States
  • Hexion Inc. - United States
  • Mapei S.p.A. - Italy
  • Adhesive Systems Inc. - United States
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Spray Adhesives Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Spray Adhesives Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Spray Adhesives Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Spray Adhesives Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Spray Adhesives Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Spray Adhesives Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Spray Adhesives Market size was valued at USD 3.5 billion in 2022 and is poised to grow from USD 3.66 billion in 2023 to USD 4.98 billion by 2030, at a CAGR of 4.5% during the forecast period (2023-2030).

The spray adhesives market is highly competitive, with several key players striving to maintain their market positions and capture a larger share. These companies focus on product innovation, strategic partnerships, and mergers and acquisitions to strengthen their market presence. To gain a competitive edge, market players are investing significantly in research and development activities to develop advanced and eco-friendly spray adhesive products. They are also expanding their product portfolios to cater to diverse end-use industries such as automotive, construction, packaging, and textiles. Collaborations and partnerships with end-use industries and adhesive technology providers are common strategies adopted by market players to expand their customer base and market reach. Additionally, mergers and acquisitions enable companies to consolidate their market position, enhance their product offerings, and leverage synergies. The competitive landscape is characterized by intense competition, technological advancements, and a focus on sustainability. Market players strive to differentiate themselves by offering high-performance, cost-effective, and environmentally friendly spray adhesive solutions to meet the evolving needs of customers in various industries. '3M Company - United States', 'Henkel AG & Co. KGaA - Germany', 'H.B. Fuller Company - United States', 'Sika AG - Switzerland', 'Bostik SA - France', 'Ashland Holdings Inc. - United States', 'Avery Dennison Corporation - United States', 'Illinois Tool Works Inc. - United States', 'Jowat SE - Germany', 'LORD Corporation - United States', 'Huntsman Corporation - United States', 'Permabond LLC - United Kingdom', 'Pidilite Industries Ltd. - India', 'Royal Adhesives & Sealants - United States', 'CRC Industries, Inc. - United States', 'Quin (UK) Ltd. - United Kingdom', 'Dymax Corporation - United States', 'Hexion Inc. - United States', 'Mapei S.p.A. - Italy', 'Adhesive Systems Inc. - United States'

The main driver of the spray adhesives market is the significant growth in the construction and packaging industries. The construction industry's expansion worldwide creates a strong demand for spray adhesives in bonding various materials for flooring, roofing, and interior applications. Additionally, the increasing consumer demand for durable and efficient packaging solutions drives the market growth for spray adhesives.

The spray adhesives market is witnessing several key market trends that are shaping the industry landscape. One notable trend is the increasing demand for eco-friendly and sustainable adhesive solutions. As environmental consciousness grows, consumers and businesses are seeking adhesives that have minimal impact on the environment without compromising performance. This has led to the development of water-based and low volatile organic compound (VOC) spray adhesives, which are gaining significant popularity. Another significant trend is the rising adoption of spray adhesives in various end-use industries, including automotive, construction, packaging, and textiles. The versatility and convenience of spray adhesives make them ideal for bonding different materials, such as metals, plastics, fabrics, and wood. Furthermore, technological advancements have led to the introduction of innovative spray adhesive formulations that offer improved bonding strength, fast curing times, and enhanced heat and moisture resistance. These trends are expected to drive the growth of the spray adhesives market in the coming years.

North America is expected to be the largest regional segment in the spray adhesives market. This can be attributed to the presence of well-established industries such as automotive, construction, and packaging, which extensively utilize spray adhesives in their manufacturing processes. Additionally, the region has a high demand for innovative and sustainable adhesive solutions, driving the growth of the spray adhesives market in North America.

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Global Spray Adhesives Market

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