4 factors impacting spray adhesives market trends worldwide
Different kinds of adhesives carry their own set of distinct characteristics which ensures high quality despite the variation in tasks. According to estimates, the global spray adhesives market size could surpass USD 9 billion in total annual remuneration through 2025.
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Mentioned below are some of the factors likely to influence the spray adhesives market size in the near future.
Consumption in key packaging application
Spray adhesives are extensively used in the packaging industry. They are used across various packaging applications such as bonding of folding boxes, film laminating, cut-out windows laminating and various others. These adhesives ensure a permanent and reliable bond and in addition also offer sustainability, food safety, and energy efficiency. It is mostly used for wraps, trays, and sealing bags.
The rise in employment levels and a consequent change in living standards among people in both developed and developing nations has led to the consumption of processed food such as soft drinks, bakery items, dairy products, and cereals. This has triggered the need for a safe and reliable packaging solution that preserves the taste of the food item and protects them from getting spoilt.
Adoption of solvent-based spray adhesive
With respect to the type of technology, the market is bifurcated into hot melt, solvent-based, and water-based. In the past years, solvent-based segment held nearly 7% of the total market share, despite high VOC emissions that are caused due to this technology. However, the solvent-based products are gradually being replaced by hot melt and water-based techniques due to the reduced VOC emission levels along with the linked cost benefits.
Growing need for hygiene products
In the hygiene sector, spray adhesives are used in baby care, feminine hygeine and other related products. The adhesives offer robust adhesion solutions and cohesive strength to non-woven, absorbent pads and other backing materials that are used in the manufacturing of disposable and non-woven products and diapers. Additionally, these adhesives are also applicable in the building and construction industry to glue plasters, drywalls, inserting ceilings, and others.
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Asia Pacific to record considerable demand
With respect to the geographical terrain, Asia Pacific has emerged as a key revenue pocket for spray adhesives market. The growing construction activities in China and India along with the government injecting heavy investments into large infrastructure projects has supported the demand for spray adhesives.
In China, the administration had announced a policy to extend support to the infrastructure investments across the nation, increasing by approximately 46%. Along similar lines, the Government of Japan had launched a package to increase capital expenditure and public works, owing to the growing taxes. Increasing efforts undertaken by the government globally to improve construction activities is a major factor supplementing the demand for spray adhesives market.
Spray adhesives market comprises leading market players that are working towards improving their product portfolio and to carry out research and development of advanced products. Some of the notable spray adhesive companies include H.B. Fuller, Mapei SpA, Henkel AG & Co., BASF SE, and Eastman Chemical Company, to name a few.
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