Spray Adhesives Market to witness considerable demand through 2025 | Mapei SpA, Beardow Adams Ltd, BASF SE, Eastman Chemical Company, Casa Adhesive, Inc

Spray adhesives are used in various packaging applications like cut out windows laminating, binding of folding boxes, film laminating, window laminating and others, These adhesives offer permanent and strong bond solutions as well as improved sustainability, energy efficiency and food safety. They are widely used for sealing bags, trays and wraps. Increasing consumption of processed food products due to the rise in employment rate and the need for on-the-go food and beverages consequently influencing global spray adhesives market trends.

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Demand for soft drinks, dairy products, cereals and bakery items has steered the packaging market growth. In emerging nations such as India, the economic improvement among the people over the years has amplified development in the region processed food industry with people demanding innovative food products due to changing consumer tastes.

Employing over 1.85 million people, the Indian processed food industry is expected to be valued at USD 543 billion by the end of 2020 from USD 322 billion in 2016. In 2018, China was regarded as the main flexible packaging consumer despite India registering gains of nearly 8% during the same timeline.

With respect to resins, the spray adhesives market is segmented into epoxy, synthetic rubber, polyurethane and others. Epoxy resins have captured a significant market share and were responsible for nearly 40% of the total business size in the year 2018. This type of resin offers superior moisture and chemical resistance, high mechanical strength, superior fatigue properties and low shrinkage. The benefits of the product is that it may be used for bonding variety of substrates like metal, plastics, wood, ceramics and other products.

Post the coronavirus pandemic in 2020, construction and manufacturing sectors are expected to take off again, presenting key opportunities for adhesive consumption in the future.

Use of spray adhesives in APAC construction industry

Regions like Asia Pacific have witnessed considerable growth in their regional end-user industries in recent times, steering the spray adhesives industry forecast. The construction industry in particular has witnessed unprecedented gains in countries like India, China and Singapore over the years due to the heavy investments made by the respective governments to encourage large infrastructure projects.

In China, the administration had reportedly established a policy to encourage infrastructure investment in the nation which led to an increase by close to 46% in its total construction output. Similarly, the Government of Japan announced a package to increase the capital expenditure and public works due to increasing taxes. Measures taken by the governments to enhance the building and construction activities is a major factor supplementing the demand for the adhesives.

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Leading spray adhesive providers are engaging in developing advanced products that ensure better quality offerings to the customers. With frequent advancement in technology and innovation in various sectors of the economy, the product is expected to witness substantial demand in the coming years. For instance, German chemical company-BASF launched ELASTOTITE polyurethane insulating adhesive, which protects the building from leaks that are caused due to nails and screws.

This spray-applied adhesive allows protection to almost any surface even during extreme temperatures. The benefits offered by the new technology includes faster installation as compared to other conventional adhesive measures, eliminates fasteners for no thermal bridging and fills the gaps and seams between the insulation boards to improve the integrity of the system.

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