Spray Adhesives Market to Grow with a CAGR of 5.00% through 2028
Growing demand
of spray adhesives in textile industry is expected to drive the Global Spray
Adhesives Market growth in the forecast period, 2024-2028.
According to
TechSci Research report, “Spray Adhesives Market – Global Industry Size,
Share, Trends, Competition Forecast & Opportunities, 2028”, the Global
Spray Adhesives Market stood at USD3.45 billion in 2022 and is anticipated to
grow with a CAGR of 5.00% in the forecast period, 2023-2028. The initiatives
taken by government based on spray adhesives has led to favorable market
conditions for the Global Spray Adhesives Market. Several factors contribute to
the growth of various spray adhesives products.
In the United
States, the Consumer Product Safety Commission (CPSC) has taken proactive
measures to ensure consumer health and safety. Recognizing the potential risks
associated with certain types of spray adhesives, the CPSC has not only banned
three specific types of spray adhesives but has also urged manufacturers to
voluntarily cease the production and distribution of other aerosol spray
adhesives that may pose a threat.
Furthermore, the
Federal Aviation Administration (FAA) has implemented stringent regulations to
guarantee the safe transportation of adhesive products. To prevent potential
hazards, the FAA mandates that most model glues, rubber cements, and
industrial-strength adhesives, which are flammable in nature, are prohibited
from being carried in both checked and carry-on baggage.
These
comprehensive actions by regulatory bodies reflect a commitment to protect
consumers from potential harm and reinforce the importance of adhering to
safety guidelines when it comes to the production, distribution, and
transportation of adhesive products.
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In the textile
industry, spray adhesives play a crucial role in a multitude of applications.
They are not only used for bonding fabric layers together but also for securing
designs before stitching, attaching embellishments or trimmings, and even in
the production of carpets and upholstery. By ensuring that the fabric remains
in place, spray adhesives contribute to the overall quality and durability of
the final product.
One of the
notable advantages of spray adhesives is their ability to expedite the
manufacturing process. Compared to traditional sewing or other methods of
adhesion, using spray adhesives allows for a quicker and more efficient
workflow. This, in turn, leads to significant reductions in production times
and costs, making it a practical choice for businesses aiming to optimize their
operations.
Moreover, spray
adhesives offer versatility in terms of compatibility with different materials.
They can be used with a wide range of fabrics, including delicate ones that may
be susceptible to damage from other adhesive forms. This flexibility allows manufacturers
to explore various design options without compromising the integrity of the
materials used.
Despite their
ease of application, spray adhesives provide a strong and durable bond that can
withstand washing and wear. This reliability ensures that the finished products
can endure the rigors of everyday use while maintaining their structural
integrity.
The Global Spray
Adhesives Market is segmented into chemistry, type, end user, regional
distribution, and company.
Based on its end
user, the transportation segment held the largest share in the market. The transport
sector, encompassing the automotive, aerospace, and marine industries, relies
on the use of adhesives to achieve multiple benefits. Adhesives enable
manufacturers to minimize vehicle weight, resulting in improved fuel efficiency
and reduced emissions. Specifically, the use of spray adhesives offers
advantages such as cost reduction and minimized material wastage. These spray
adhesives provide a smooth coating that efficiently covers the entire target
area, ensuring optimal adhesive usage. Moreover, they are versatile enough to
bond various materials like leather, cotton, silk, fiberglass, plastic, and
rubber to the metal bodies of cars, aircraft, and ships.
In addition to
their role in interior trim applications, spray adhesives play a vital role in
meeting the increasing demand for vehicles in emerging countries like China,
India, and Brazil. As these countries experience a rise in disposable incomes
among the middle-class population, the demand for vehicles, including electric
cars, is expected to surge. This growth in the automotive industry is poised to
further fuel the market for spray adhesives.
With the
ever-evolving landscape of the transport sector, the utilization of spray
adhesives continues to be a pivotal factor in achieving lightweight and durable
designs, while also meeting the demands of a growing global market.
Based on region,
Europe segment is expected to grow during the forecast period.
The increasing
initiatives taken by the government towards sustainable development are expected
to significantly boost the demand for eco-friendly spray adhesives in the
region across various end-use industries. Moreover, the presence of
well-established automotive manufacturers in the region is projected to further
stimulate the market growth. These manufacturers, known for their commitment to
environmental sustainability, are increasingly adopting eco-friendly adhesive
solutions to meet their production needs. As a result, the market for
eco-friendly spray adhesives is poised to experience substantial growth in the
region.
Major companies
operating in Global Spray Adhesives Market are:
- Henkel
AG & Co KGaA
- 3M
Co.
- HB
Fuller Co
- Avery
Dennison Corp
- Bostik
SA
- ND
Industries Inc.
- Sika
AG
- Illinois
Tool Works Inc
- Kissel+Wolf
GmbH
- Quin
GmbH
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“Growing
application of spray adhesives in various end user industries are key drivers
of the spray adhesives market. Growth in competitive landscape and presence of
well-established companies in the market who are dedicated to enhance their
productivity of spray adhesives with every passing year are anticipated to
register an impressive growth to Global Spray Adhesives Market in the forecast
period.,” said Mr. Karan Chechi, Research Director with TechSci Research, a
research-based management consulting firm.
“Spray Adhesives Market By Chemistry (Epoxy,
Polyurethane, Synthetic Rubber, Vinyl Acetate Ethylene, Others), By Type (Solvent-Based,
Water Based and Hot Melt), By End User (Transportation, Construction,
Furniture, Packaging, Textile, Others), By Region, By
Competition Forecast & Opportunities, 2018-2028F”,
has evaluated the future growth potential of Global Spray Adhesives Market and
provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Spray Adhesives Market.
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