The Business Research Company’s report on the Spray Adhesives Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the primary drivers fueling the growth of the spray adhesives market in recent years?
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.
Access Your Free Sample of the Global Spray Adhesives Market Report – Get Insights Now!
https://www.thebusinessresearchcompany.com/sample.aspx?id=19718&type=smp
What is the projected market size of the spray adhesives industry, and how is it expected to grow?
The spray adhesives market size has grown strongly in recent years. It will grow from $3.42 $ billion in 2024 to $3.61 $ billion in 2025 at a compound annual growth rate (CAGR) of 5.7%. 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 $4.46 $ billion in 2029 at a compound annual growth rate (CAGR) of 5.4%. 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.
Gain Exclusive Market Insights—Customize Your Research Report Today For Fast Delivery!
https://www.thebusinessresearchcompany.com/customise?id=19718&type=smp
Who are the key players driving competition 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 key trends are expected to drive the sports turf seed market during the forecast period?
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.
Which key geographies are driving the growth of the spray adhesives market?
North Americawas the largest region in the spray adhesives market in 2024.Asia-Pacificis 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.
Order Your Report Now For Swift Delivery
https://www.thebusinessresearchcompany.com/report/spray-adhesives-global-market-report
What are the key segments driving growth in the spray adhesives market?
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
Purchase The Exclusive Report Now To Unlock Valuable Market Insights:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=19718
What defines the structure and scope of the spray adhesives market?
Spray adhesives are versatile bonding agents applied in a spray format, providing a thin, even coat over surfaces. They are used across various industries, including automotive, construction, and crafting, due to their ease of application and effective adhesion. Their quick-drying properties and ease of use make them a popular choice for projects requiring efficient and effective adhesive solutions.
About The Business Research Company:
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model, is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Contact Us:
The Business Research Company
https://thebusinessresearchcompany.com/
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
