Press release
Rising Packaging Industry Fuels Growth In Spray Adhesive Market: An Emerging Driver Transforming The Spray Adhesives Market Landscape
Spray Adhesives
What Is the Projected Growth of the Spray Adhesives Market?
The spray adhesives market size will grow from $3.42 billion in 2024 to $3.61 billion in 2025 at a compound annual growth rate (CAGR) of 5.7%. Growth is driven by the construction industry, DIY home improvement projects, growth in the furniture industry, rise in manufacturing facilities, and spray adhesive benefits awareness.
The spray adhesives market size is projected to reach $4.46 billion by 2029, growing at a CAGR of 5.4%. This growth is driven by urbanization, demand in electronics, smart packaging adoption, increased disposable product production, green building construction, and non-toxic adhesive demand. Trends include technological advancements, eco-friendly packaging, digital printing, and wearable technology.
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What Are the Different Spray Adhesives Market Segments?
The spray adhesivesmarket covered in this report is segmented -
1) By Product Type: Solvent-Based, Water-Based, Hot Melt, Other Product Types
2) By Resin Type: Epoxy, Polyurethane, Synthetic Rubber, Vinyl Acetate Ethylene
3) By Application: Automotive And Transportation, Building And Construction, Paper And Packaging, Woodworking And Joinery, Other Applications
Subsegments:
1) Solvent-Based: Acrylic Adhesives, Rubber Adhesives, Polyurethane Adhesives
2) Water-Based: PVA Adhesives, EVA Adhesives, Starch-Based Adhesives
3) Hot Melt: Ethylene-Vinyl Acetate (EVA) Adhesives, Polyamide Adhesives, Polyolefin Adhesives
4) Other Product Types: Pressure-Sensitive Adhesives, Epoxy Adhesives
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What Are the Primary Drivers Shaping the Spray Adhesives Market?
The growth of packaging industries is expected to drive the spray adhesive market. Packaging industries are growing due to rising consumer demand and advancements in packaging technology. Spray adhesives are used to enhance product quality and streamline operations in packaging. For instance, in August 2023, the Flexible Packaging Association reported a 15.3% increase in the total U.S. flexible packaging industry sales from 2021 to 2022. Therefore, the growing packaging industry is contributing to the growth of the spray adhesive market.
Which Companies Are Leading in the Spray Adhesives Market?
Major companies operating in the spray adhesives market are 3M Company, Henkel AG And Co. KGaA, Sika AG, Eastman Chemical Company, Avery Dennison Corporation, Huntsman Corporation, RPM International Inc., H.B. Fuller Company, Ashland Inc., Bostik SA, Pidilite Industries Limited, Intertape Polymer Group, Gorilla Glue, Phillips Manufacturing Co., Quin Global, ITW Performance Polymers, Gemini Adhesives Ltd., Spray-Lock Inc., Uniseal Inc., Westech Aerosol Corporation
What Trends Are Driving Growth in The Spray Adhesives Market?
In the spray adhesive market, companies are developing environmentally friendly adhesive sprays to provide safer, sustainable bonding solutions. For instance, in May 2022, Floorwise (UK) launched the F597 Heavy Duty Spray Adhesive, which is safer than traditional adhesives. The F597 formulation eliminates dichloromethane, reducing health risks and making it safer for users in poorly ventilated spaces.
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What Are the Top Revenue-Generating Geographies in the Spray Adhesives Market?
North America was the largest region in the spray adhesives market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the spray adhesives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Spray Adhesives Market?
2. What is the CAGR expected in the Spray Adhesives Market?
3. What Are the Key Innovations Transforming the Spray Adhesives Industry?
4. Which Region Is Leading the Spray Adhesives Market?
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