The Sprayable Adhesives Market size is expected to reach USD 4.32 Billion in 2028 and register a revenue CAGR of 4.5% over the forecast period, according to a latest report by Reports and Data. Market revenue growth is primarily driven by widespread use of Sprayable Adhesives across various end-use industries including construction, packaging, automotive transportation, and furniture industry. Increasing investments of governments in countries such as India, China, Indonesia, Philippines, Malaysia, and Thailand for development of infrastructure is expected to boost demand for Sprayable Adhesives and drive revenue growth of the market during the forecast period. Installing tiles and carpets, gluing fiberglass, plastics, and insulation of roofing membranes and pipes are significant applications of Sprayable Adhesives in the construction industry. In addition, rapidly growing automotive transportation industry, especially in developing countries, is boosting demand for Sprayable Adhesives. Ability of Sprayable Adhesives to effectively bond automotive headliners, carpet and other fabrics with exceptional strength is resulting in its increasing use in the automotive industry. Sprayable Adhesives have potential to resist deteriorating effects of humidity, moisture, heat, cold and other environmental conditions.
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Major companies profiled in the market include:
Henkel AG Co. KGaA, The 3M Company, H.B. Fuller Company, Arkema S.A., Avery Dennison Corporation, Sika AG, Illinois Tool Works Inc., Eastman Chemical Company, AFT Aerosols, and Quin Global.
Increasing research development projects for production of high-performance adhesives, which are considered to be an ideal option for bonding paper, carpet, cardboard, urethane foam, fabric, foil, metal, wood, and a variety of other substrates is expected to boost market growth during the forecast period.
Market Summary:
Public and community concerns about the performance of chemical manufacturers has led the industry participants to follow environmental performance standards. The ongoing research and development activities to expand the application scope of materials and chemicals, while reducing environmental impact is a key driving factor for the industry growth.
Over the years, mergers and acquisitions, collaborations, and partnerships have played a pivotal role in companies’ plans of expanding customer base and gaining a robust footing in the market. Rising investments by the key industry players for the RD activities will further bolster market growth over the analysis period.
The report utilizes key statistical tools such as SWOT analysis, Porter’s Five Forces analysis, feasibility analysis, and venture return analysis to offer better insights into the market landscape. The report also covers recent developments and provides a comprehensive industry overview to help readers understand the complete scenario and dynamics of the global Sprayable Adhesives market.
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/spray-adhesives-market
Some Key Highlights in the Report
- In September 2019, The 3M Company introduced HoldFast 70, which is a new portable cylinder spray adhesive. The new spray adhesive eases application, increased bonding speed and is versatile. Enhanced features of the product make it suitable for joining construction materials across a wide range of substrates. The market application of spray adhesive includes furniture, construction, prefabricated housing, HVAC, and the production of RVs and specialty vehicles.
- Epoxy segment is expected to account for largest revenue share in global Sprayable Adhesives market over the forecast period owing to its strong adhesive qualities. Resistance offered by epoxy resins towards heat and chemical applications is boosting its demand among various end-use industries.
- Water-based segment is expected to register significant revenue growth over the forecast period. Growing awareness regarding negative effects of volatile organic compounds on human health is boosting the demand for water-based adhesives in comparison to solvent-based adhesives as they contain no volatile organic compounds (VOCs).
- Automotive transportation segment is expected to account for a considerable revenue share in global Sprayable Adhesives market owing to ability of spray adhesive to effectively bond automotive headliners, carpet, and other fabrics to the body of the vehicle.
- Sprayable Adhesives market in Asia Pacific is expected to account for largest revenue share over the forecast period. Rising investment of government of several countries, such as India, China, Indonesia, Philippines, Malaysia, and Thailand for development of infrastructure sector is expected to positively influence the Sprayable Adhesives market.
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For the purpose of this report, Reports and Data has segmented the global Sprayable Adhesives market based on resin type, type, application, and region:
Resin Type Outlook (Revenue, USD billion; Volume, Kilo Tons, 2018-2028)
- Polyurethane
- Vinyl Acetate Ethylene
- Synthetic Rubber
- Epoxy
Application Outlook (Revenue, USD billion; Volume, Kilo Tons, 2018-2028)
- Packaging
- Automotive Transportation
- Construction
- Furniture
- Others
Regional Outlook (Revenue, USD billion; Volume, Kilo Tons, 2018-2028)
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East Africa
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