Spray Adhesives Market Expansion 2024-2033: Growth Drivers and Dynamics

The spray adhesives global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.

Spray Adhesives Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.

Market Size –
The spray adhesives market size has grown strongly in recent years. It will grow from $3.24 billion in 2023 to $3.42 billion in 2024 at a compound annual growth rate (CAGR) of 5.4%. The growth in the historic period can be attributed to growth in the construction industry, increasing popularity of DIY home improvement projects, growth in the furniture and upholstery industry, rise in the number of manufacturing facilities, and increasing awareness of the benefits of spray adhesives.
The spray adhesives market size is expected to see strong growth in the next few years. It will grow to $4.24 billion in 2028 at a compound annual growth rate (CAGR) of 5.5%. The growth in the forecast period can be attributed to rising urbanization, rising demand in the electronics industry, rising adoption of smart packaging solutions, increasing production of disposable products, growing construction of green buildings, and rising demand for non-toxic adhesives. Major trends in the forecast period include technological advancements, smart packaging solutions, digital printing, eco-friendly packaging, and wearable technology.

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Scope Of Spray Adhesives Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.

Spray Adhesives Market Overview

Market Drivers –
Growing packaging industries are expected to propel the growth of the spray adhesive market going forward. The packaging industries include the design, manufacture, and distribution of containers and materials used to protect and market items. The growth of the packaging industry is driven by increasing consumer demand for packaged goods, advancements in packaging technology, and the rise of e-commerce. Spray adhesives help package companies optimize their operations, increase product quality, and adapt effectively to market needs, all of which contribute to the packaging industry’s growth and innovation. For instance, in August 2023, according to the Flexible Packaging Association, a US-based membership organization representing financial planners, in 2022, the total U.S. flexible packaging industry reached $42.9 billion in annual sales, marking a 15.3% increase from $37.2 billion in 2021, with the value-added segment contributing $34.3 billion to the industry’s overall worth. Therefore, growing packaging industries are driving the growth of the spray adhesive market.

Market Trends –
Major companies operating in the spray adhesive market are focusing on developing innovative products, such as environmentally friendly adhesive spray, to gain a competitive advantage. An environmentally friendly adhesive spray is a bonding agent formulated with non-toxic, biodegradable, and sustainable ingredients, designed to minimize environmental impact while providing effective adhesion for various materials. For instance, in May 2022, Floorwise, a UK-based flooring solutions company, launched the F597 Heavy Duty Spray Adhesive, which is safer and more environmentally friendly than traditional spray adhesives. The F597 formulation eliminates dichloromethane, a solvent known for its carcinogenic properties and health risks, requiring only a flammability warning symbol. This change significantly reduces health hazards for users, particularly in poorly ventilated spaces where dichloromethane could pose asphyxiation risks.

The spray adhesives market 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

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Regional Insights –
North America was the largest region in the spray adhesives market in 2023. 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.

Key Companies –
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< /b>

Table of Contents
1. Executive Summary
2. Spray Adhesives Market Report Structure
3. Spray Adhesives Market Trends And Strategies
4. Spray Adhesives Market – Macro Economic Scenario
5. Spray Adhesives Market Size And Growth
…..
27. Spray Adhesives Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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