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Spray Adhesives Market: Major Trends Reshaping the Future of the Industry
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Will the Spray Adhesives Industry Market Size Be by 2025?
The size of the spray adhesives market has seen a robust increase in the past few years. It is estimated to expand from a market value of $3.42 billion in 2024 to $3.61 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 5.7%. This growth experienced in the historic period can be ascribed to factors such as the proliferation of the construction sector, the increasing trend of DIY home improvement initiatives, growth in the furniture and upholstery sector, expansion in the number of manufacturing facilities, and a growing recognition of the advantages of spray adhesives.
What's the Long-Term Growth Forecast for the Spray Adhesives Market Size Through 2029?
Robust expansion is anticipated in the spray adhesives market in the coming years, with the market projected to reach $4.46 billion by 2029, growing at a compound annual growth rate (CAGR) of 5.4%. This projected growth in the forecast period can be associated with factors such as increased urbanization, growing demand in the electronics sector, enhanced adoption of clever packaging solutions, increased manufacturing of disposable items, the rise in green building constructions, and escalating demand for non-toxic adhesives. Key trends driving this growth during the forecast period encompass technological progress, intelligent packaging solutions, digital printing, eco-conscious packaging, and wearable technology.
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What Are the Key Growth Drivers Fueling the Spray Adhesives Market Expansion?
The expansion of the spray adhesive market is projected to be driven by the thriving packaging industry. The packaging industry encompasses the creation, production, and distribution of containers and materials that serve to safeguard and advertise products. The burgeoning of this sector is fuelled by an escalating consumer demand for pre-packaged commodities, advancements in packaging science, plus the emergence of online commerce. Spray adhesives aid packaging firms in enhancing their processes, boosting product quality, and effective adjustment to market requirements, contributing to the progress and novelty of the packaging sector. For example, the Flexible Packaging Association, an American membership body representing financial advisors, reported in August 2023 that in 2022, the total annual sales of the U.S. flexible packaging industry hit $42.9 billion, a 15.3% upsurge from $37.2 billion in 2021, with the value-added segment injecting $34.3 billion into the industry's overall value. Hence, burgeoning packaging industries are spurring the expansion of the spray adhesive market.
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What Are the Key Trends Driving Spray Adhesives Market Growth?
Key players within the spray adhesive market are concentrating their efforts on creating novel products, like eco-friendly adhesive sprays, in an attempt to competitively distinguish themselves. Eco-friendly adhesive sprays are binding compounds made from harmless, biodegradable, and renewable substances, which aim to limit the environmental footprint while offering efficient bonding for an array of materials. For example, Floorwise, a British flooring solutions provider, introduced the F597 Heavy Duty Spray Adhesive in May 2022. This product is considered safer and less detrimental to the environment compared to conventional spray adhesives. The F597 mixture does away with dichloromethane, a solvent notorious for its cancer-causing properties and associated health challenges, needing only a fire hazard symbol. This modification considerably diminishes health threats to users, especially in areas with inadequate ventilation where dichloromethane could provoke risks of suffocation.
How Is the Spray Adhesives Market Segmented?
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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Which Companies Are Leading the Charge in Spray Adhesives Market Innovation?
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
Which Regions Are Leading the Global Spray Adhesives Market in Revenue?
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.
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