HOME Top Market Reports Spray Adhesives Market by Chemistry (Epoxy, Polyurethane, Synthetic Rubber, Vinyl Acetate Ethylene), Type (Solvent-Based, Water-Based, Hot Melt), End-Use Industry (Transportation, Construction, Furniture), and Region - Global Forecast to 2022

Spray Adhesives Market by Chemistry (Epoxy, Polyurethane, Synthetic Rubber, Vinyl Acetate Ethylene), Type (Solvent-Based, Water-Based, Hot Melt), End-Use Industry (Transportation, Construction, Furniture), and Region - Global Forecast to 2022

By: marketsandmarkets.com
Publishing Date: January 2018
Report Code: CH 5853

 

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The spray adhesives market was valued at USD 2.61 Billion in 2016 and is projected to reach USD 3.41 Billion by 2022, at a CAGR of 4.6% during the forecast period. The base year considered for the study is 2016, while the forecast period is from 2017 to 2022.

The objectives of the report are as follows:

  • To define, describe, and forecast the spray adhesives market on the basis of type, chemistry, end-use industry, and region
  • To identify the factors, such as drivers, restraints, opportunities, and challenges influencing the growth of the spray adhesives market during the forecast period
  • To forecast the size of the spray adhesives market, in terms of volume and value
  • To analyze the detailed segmentation of the spray adhesives market and forecast the market size, in terms of volume and value, for the five key regions, namely, North America, Europe, Asia-Pacific, the Middle East & Africa, and South America
  • To analyze the competitive developments, such as expansions, new product developments, joint ventures, and mergers & acquisitions, in the spray adhesives market
  • To profile the leading players operating in the spray adhesives market and identify their core competencies

Research Methodology

Both, top-down and bottom-up approaches were used to estimate and validate the sizes of the spray adhesives market and various other dependent submarkets. The research study involved the extensive use of secondary sources, directories, and databases, such as D&B Hoovers, Bloomberg, Chemical Weekly, Factiva, and other government and private websites to identify and collect information useful for this technical, market-oriented, and commercial study of the spray adhesives market.

Spray Adhesives Market

To know about the assumptions considered for the study, download the pdf brochure

Some of the major players operating in the spray adhesives market include Bostik SA (US), H.B. Fuller (US), Henkel (Germany), Kissel+Wolf GmbH (Germany), Quin Global (US), SIKA AG (Switzerland), and 3M (US).

Key Target Audience:

  • Manufacturers, dealers, and suppliers of spray adhesives
  • Spray adhesives manufacturing plant developers and related service providers
  • Adhesive service providers
  • Investors

Scope of the Report:

This research report categorizes the spray adhesives market on the basis of type, chemistry, end-use industry, and region.

Spray Adhesives Market, by Type:

  • Solvent-based
  • Water-based
  • Hot Melt

Spray Adhesives Market, by Chemistry:

  • Epoxy
  • Polyurethane
  • Synthetic Rubber 
  • Vinyl Acetate Ethylene

Spray Adhesives Market, by End-use Industry:

  • Transportation
  • Construction
  • Furniture
  • Others

Spray Adhesives Market, by Region:

  • Asia-Pacific
  • Europe
  • North America
  • Middle East & Africa
  • South America

The market has been further analyzed for the key countries in each of these regions.

Available Customizations:

Along with the market data, MarketsandMarkets offers customizations as per the specific needs of companies. The following customization options are available for the report:

Country Information:

  • Spray adhesives market analysis for additional countries

Company Information:

  • Detailed analysis and profiles of additional market players (up to 5)

Pricing Analysis:

  • Detailed pricing analysis for each type of spray adhesives

Table of Contents

1 Introduction (Page No. - 17)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Years Considered for the Study
    1.4 Currency
    1.5 Units Considered
    1.6 Limitations
    1.7 Stakeholders

2 Research Methodology (Page No. - 20)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primary Interviews
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top Down Approach
    2.3 Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 28)

4 Premium Insights (Page No. - 32)
    4.1 Attractive Opportunities in Spray Adhesives Market
    4.2 APAC Spray Adhesives Market, By Type and Country
    4.3 Spray Adhesives Market, By Region
    4.4 Spray Adhesives Market, By End-Use Industry and Region

5 Market Overview (Page No. - 35)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increasing Penetration of Spray Adhesives in End-Use Industries
                    5.2.1.2 Rapid Growth of Key End-Use Industries in APAC
           5.2.2 Restraints
                    5.2.2.1 Volatility of Raw Material Prices
           5.2.3 Opportunities
                    5.2.3.1 Growing Demand for Low-Voc and Eco-Friendly Adhesives
           5.2.4 Challenges
                    5.2.4.1 Meeting Environment Standards While Maintaining Performance
    5.3 Porter’s Five Forces Analysis
           5.3.1 Bargaining Power of Buyers
           5.3.2 Bargaining Power of Suppliers
           5.3.3 Threat of New Entrants
           5.3.4 Threat of Substitutes
           5.3.5 Intensity of Competitive Rivalry
    5.4 Macroeconomic Indicators
           5.4.1 GDP Growth Rate Forecast of Major Economies
           5.4.2 Automotive Industry Trends

6 Spray Adhesives Market, By Chemistry (Page No. - 43)
    6.1 Introduction
    6.2 Epoxy
    6.3 Polyurethane
    6.4 Synthetic Rubber
    6.5 Vinyl Acetate Ethylene

7 Spray Adhesives Market, By Type (Page No. - 51)
    7.1 Introduction
    7.2 Solvent-Based
    7.3 Water-Based
    7.4 Hot Melt

8 Spray Adhesives Market, By End-Use Industry (Page No. - 58)
    8.1 Introduction
    8.2 Transportation
    8.3 Construction
    8.4 Furniture
    8.5 Other

9 Spray Adhesives Market, By Region (Page No. - 68)
    9.1 Introduction
    9.2 North America
           9.2.1 US
           9.2.2 Canada
           9.2.3 Mexico
    9.3 APAC
           9.3.1 China
           9.3.2 Japan
           9.3.3 India
           9.3.4 South Korea
           9.3.5 Rest of APAC
    9.4 Europe
           9.4.1 Germany
           9.4.2 France
           9.4.3 Italy
           9.4.4 UK
           9.4.5 Russia
           9.4.6 Turkey
           9.4.7 Rest of Europe
    9.5 Middle East & Africa
           9.5.1 Saudi Arabia
           9.5.2 South Africa
           9.5.3 Rest of Middle East & Africa
    9.6 South America
           9.6.1 Brazil
           9.6.2 Argentina
           9.6.3 Rest of South America

10 Competitive Landscape (Page No. - 125)
     10.1 Overview
     10.2 Market Ranking of Key Players
     10.3 Competitive Scenario
             10.3.1 Merger & Acquisitions
             10.3.2 Expansions
             10.3.3 New Product Development

11 Company Profiles (Page No. - 129)
(Overview, Financial*, Products & Services, Strategy, and Developments)
     11.1 Henkel
     11.2 3M
     11.3 H.B. Fuller
     11.4 Avery Dennison Corporation
     11.5 Bostik
     11.6 ND Industries
     11.7 Sika AG
     11.8 Illinois Tool Works
     11.9 Quin Global
     11.10 Kissel+Wolf GmbH
     11.11 Other Players
             11.11.1 Gemini Adhesives
             11.11.2 AFT Aerosols
             11.11.3 Spray-Lock Inc.
             11.11.4 Philips Manufacturing Co.
             11.11.5 Westech Aerosol Corporation

*Details Might Not Be Captured in Case of Unlisted Companies

12 Appendix (Page No. - 149)
     12.1 Insights From Industry Experts
     12.2 Discussion Guide
     12.3 Introducing RT: Real Time Market Intelligence
     12.4 Available Customizations
     12.5 Related Reports
     12.6 Author Details


List of Tables (160 Tables)

Table 1 Trends and Forecast of GDP Growth Rates Between 2016 and 2021
Table 2 Cars and Commercial Vehicle Production, By Country, 2015–2016
Table 3 Spray Adhesives Market Size, By Chemistry, 2015–2022 (Kiloton)
Table 4 Spray Adhesives Market Size, By Chemistry, 2015–2022 (USD Million)
Table 5 Epoxy Spray Adhesives Market Size, By Region, 2015–2022 (Kiloton)
Table 6 Epoxy Spray Adhesives Market Size, By Region 2015–2022 (USD Million)
Table 7 Polyurethane Spray Adhesives Market Size, By Region, 2015–2022 (Kiloton)
Table 8 Polyurethane Spray Adhesives Market Size, By Region 2015–2022 (USD Million)
Table 9 Synthetic Rubber Spray Adhesives Market Size, By Region, 2015–2022 (Kiloton)
Table 10 Synthetic Rubber Spray Adhesives Market Size, By Region 2015–2022 (USD Million)
Table 11 Vinyl Acetate Ethylene Spray Adhesives Market Size, By Region, 2015–2022 (Kiloton)
Table 12 Vinyl Acetate Ethylene Spray Adhesives Market Size, By Region 2015–2022 (USD Million)
Table 13 Spray Adhesives Market Size, By Type, 2015–2022 (Kiloton)
Table 14 Spray Adhesives Market Size, By Type, 2015–2022 (USD Million)
Table 15 Solvent-Based Spray Adhesives Market, By Region , 2015–2022 (Ton)
Table 16 Solvent-Based Spray Adhesives Market, By Region 2015–2022 (USD Million)
Table 17 Water-Based Spray Adhesives Market, By Region , 2015–2022 (Kiloton)
Table 18 Water-Based Spray Adhesives Market, By Region 2015–2022 (USD Million)
Table 19 Hot Melt Spray Adhesives Market, By Region, 2015–2022 (Kiloton)
Table 20 Hot Melt Spray Adhesives Market, By Region 2015–2022 (USD Million)
Table 21 Spray Adhesives Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 22 By Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 23 By Market Size in Transportation Industry, By Region, 2015–2022 (Kiloton)
Table 24 By Market Size in Transportation Industry, By Region, 2015–2022 (USD Million)
Table 25 By Market Size in Construction Industry, By Region, 2015–2022 (Kiloton)
Table 26 By Market Size in Construction Industry, By Region, 2015–2022 (USD Million)
Table 27 By Market Size in Furniture Industry, By Region, 2015–2022 (Kiloton)
Table 28 By Market Size in Furniture Industry, By Region, 2015–2022 (USD Million)
Table 29 By Market Size in Other Industries, By Region, 2015–2022 (Kiloton)
Table 30 By Market Size in Other Industries, By Region, 2015–2022 (USD Million)
Table 31 By Market Size, By Region, 2015–2022 (Kiloton)
Table 32 By Market Size, By Region, 2015–2022 (USD Million)
Table 33 North America: By Market Size, By Country, 2015–2022 (Kiloton)
Table 34 North America: By Market Size, By Country, 2015–2022 (USD Million)
Table 35 North America: By Market Size, By Chemistry, 2015–2022 (Kiloton)
Table 36 North America: By Market Size, By Chemistry, 2015–2022 (USD Million)
Table 37 North America: By Market Size, By Type, 2015–2022 (Kiloton)
Table 38 North America: By Market Size, By Type, 2015–2022 (USD Million)
Table 39 North America: By Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 40 North America: By Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 41 US: By Market Size, By Type, 2015–2022 (Kiloton)
Table 42 US: By Market Size, By Type, 2015–2022 (USD Million)
Table 43 US: By Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 44 US: By Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 45 Canada: By Market Size, By Type, 2015–2022 (Kiloton)
Table 46 Canada: By Market Size, By Type, 2015–2022 (USD Million)
Table 47 Canada: By Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 48 Canada: By Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 49 Mexico: By Market Size, By Type, 2015–2022 (Kiloton)
Table 50 Mexico: By Market Size, By Type, 2015–2022 (USD Million)
Table 51 Mexico: By Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 52 Mexico: By Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 53 APAC: By Market Size, By Country, 2015–2022 (Kiloton)
Table 54 APAC: By Market Size, By Country, 2015–2022 (USD Million)
Table 55 APAC: By Market Size, By Chemistry, 2015–2022 (Kiloton)
Table 56 APAC: By Market Size, By Chemistry, 2015–2022 (USD Million)
Table 57 APAC: By Market Size, By Type, 2015–2022 (Kiloton)
Table 58 APAC: By Market Size, By Type, 2015–2022 (USD Million)
Table 59 APAC: By Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 60 APAC: By Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 61 China: By Market Size, By Type, 2015–2022 (Kiloton)
Table 62 China: By Market Size, By Type, 2015–2022 (USD Million)
Table 63 China: By Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 64 China: By Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 65 Japan: By Market Size, By Type, 2015–2022 (Kiloton)
Table 66 Japan: By Market Size, By Type, 2015–2022 (USD Million)
Table 67 Japan: By Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 68 Japan: By Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 69 India: By Market Size, By Type, 2015–2022 (Kiloton)
Table 70 India: By Market Size, By Type, 2015–2022 (USD Million)
Table 71 India: By Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 72 India: By Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 73 South Korea: By Market Size, By Type, 2015–2022 (Kiloton)
Table 74 South Korea: By Market Size, By Type, 2015–2022 (USD Million)
Table 75 South Korea: By Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 76 South Korea: By Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 77 Rest of APAC: By Market Size, By Type, 2015–2022 (Kiloton)
Table 78 Rest of APAC: By Market Size, By Type, 2015–2022 (USD Million)
Table 79 Rest of APAC: By Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 80 Rest of APAC: By Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 81 Europe: By Market Size, By Country, 2015–2022 (Kiloton)
Table 82 Europe: By Market Size, By Country, 2015–2022 (USD Million)
Table 83 Europe: By Market Size, By Chemistry, 2015–2022 (Kiloton)
Table 84 Europe: By Market Size, By Chemistry, 2015–2022 (USD Million)
Table 85 Europe: By Market Size, By Type, 2015–2022 (Kiloton)
Table 86 Europe: By Market Size, By Type, 2015–2022 (USD Million)
Table 87 Europe: By Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 88 Europe: By Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 89 Germany: By Market Size, By Type, 2015–2022 (Kiloton)
Table 90 Germany: By Market Size, By Type, 2015–2022 (USD Million)
Table 91 Germany: By Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 92 Germany: By Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 93 France: By Market Size, By Type, 2015–2022 (Kiloton)
Table 94 France: By Market Size, By Type, 2015–2022 (USD Million)
Table 95 France: By Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 96 France: By Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 97 Italy: By Market Size, By Type, 2015–2022 (Kiloton)
Table 98 Italy: By Market Size, By Type, 2015–2022 (USD Million)
Table 99 Italy: By Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 100 Italy: By Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 101 UK: By Market Size, By Type, 2015–2022 (Kiloton)
Table 102 UK: By Market Size, By Type, 2015–2022 (USD Million)
Table 103 UK: By Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 104 UK: By Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 105 Russia: Spray Adhesives Market Size, By Type, 2015–2022 (Kiloton)
Table 106 Russia:  By Market Size, By Type, 2015–2022 (USD Million)
Table 107 Russia:  By Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 108 Russia:  By Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 109 Turkey: By Market Size, By Type, 2015–2022 (Kiloton)
Table 110 Turkey: By Market Size, By Type, 2015–2022 (USD Million)
Table 111 Turkey: By Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 112 Turkey: By Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 113 Rest of Europe: Spray Adhesives Market Size, By Type, 2015–2022 (Kiloton)
Table 114 Rest of Europe: By Market Size, By Type, 2015–2022 (USD Million)
Table 115 Rest of Europe: By Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 116 Rest of Europe: By Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 117 Middle East & Africa: By Market Size, By Country, 2015–2022 (Kiloton)
Table 118 Middle East & Africa: By Market Size, By Country, 2015–2022 (USD Million)
Table 119 Middle East & Africa: By Market Size, By Chemistry, 2015–2022 (USD Million)
Table 120 Middle East & Africa: By Market Size, By Chemistry, 2015–2022 (Kiloton)
Table 121 Middle East & Africa: By Market Size, By Type, 2015–2022 (Kiloton)
Table 122 Middle East & Africa: By Market Size, By Type, 2015–2022 (USD Million)
Table 123 Middle East & Africa: By Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 124 Middle East & Africa: By Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 125 Saudi Arabia: By Market Size, By Type, 2015–2022 (Kiloton)
Table 126 Saudi Arabia: By Market Size, By Type, 2015–2022 (USD Million)
Table 127 Saudi Arabia: By Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 128 Saudi Arabia: By Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 129 South Africa: By Market Size, By Type, 2015–2022 (Kiloton)
Table 130 South Africa: By Market Size, By Type, 2015–2022 (USD Million)
Table 131 South Africa: By Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 132 South Africa: By Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 133 South America: By Market Size, By Type, 2015–2022 (Kiloton)
Table 134 Rest of Middle East & Africa: By Market Size, By Type, 2015–2022 (USD Million)
Table 135 Rest of Middle East & Africa: By Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 136 Rest of Middle East & Africa: By Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 137 South America: By Market Size, By Country, 2015–2022 (Kiloton)
Table 138 South America: By Market Size, By Country, 2015–2022 (USD Million)
Table 139 South America: By Market Size, By Type, 2015–2022 (Kiloton)
Table 140 South America: By Market Size, By Type, 2015–2022 (USD Million)
Table 141 South America: By Market Size, By Type, 2015–2022 (Kiloton)
Table 142 South America: By Market Size, By Type, 2015–2022 (USD Million)
Table 143 South America: By Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 144 South America: By Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 145 Brazil: By Market Size, By Type, 2015–2022 (Kiloton)
Table 146 Brazil: By Market Size, By Type, 2015–2022 (USD Million)
Table 147 Brazil: By Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 148 Brazil: By Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 149 Argentina: By Market Size, By Type, 2015–2022 (Kiloton)
Table 150 Argentina: By Market Size, By Type, 2015–2022 (USD Million)
Table 151 Argentina: By Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 152 Argentina: By Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 153 Rest of South America: By Market Size, By Type, 2015–2022 (Kiloton)
Table 154 Rest of South America: By Market Size, By Type, 2015–2022 (USD Million)
Table 155 Rest of South America: By Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 156 Rest of South America: By Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 157 Spray Adhesives Market Players Ranking, 2016
Table 158 Merger & Acquisitions
Table 159 Expansions
Table 160 New Product Developments


List of Figures (37 Figures)

Figure 1 Spray Adhesives Market: Research Design
Figure 2 Data Triangulation: Spray Adhesives Market
Figure 3 Synthetic Rubber Spray Adhesives to Lead Market Between 2017 and 2022
Figure 4 Hot Melt Spray Adhesives to Witness Fastest-Growth Between 2017 and 2022
Figure 5 Transportation End-Use Industry to Lead Spray Adhesives Market Between 2017 and 2022
Figure 6 APAC Market to Witness Highest Growth During Forecast Period
Figure 7 Increasing Demand From Transportation and Furnitrue Industries to Drive the Spray Adhesives Market
Figure 8 China Dominated Spray Adhesives Market in APAC in 2016
Figure 9 APAC to Be the Largest and Fastest Growing Market for Spray Adhesives During Forecast Period
Figure 10 APAC Accounted for Major Market Share Across All End User Industries in 2016
Figure 11 Spray Adhesives: Market Dynamics
Figure 12 Spray Adhesives Market: Porter’s Five Forces Analysis
Figure 13 APAC to Be the Fastest-Growing Market for Epoxy Spray Adhesives
Figure 14 APAC to Dominate the Polyurethane Spray Adhesives Market During the Forecast Period
Figure 15 Europe to Be the Second-Largest Market for Synthetic Rubber Spray Adhesives
Figure 16 North America is Largest Market for Vinyl Acetate Ethylene Spray Adhesives
Figure 17 Asia-Pacific to Be the Fastest-Growing Market for Solvent-Based Spray Adhesives
Figure 18 North America to Be the Largest Water-Based Spray Adhesives Market
Figure 19 Europe is the Second Largest Hot Melt Spray Adhesives Market in 2017
Figure 20 Transportation Accounted for Largest Share of Spray Adhesives in 2016
Figure 21 APAC to Lead Spray Adhesives Market in Transportation Industry During Forecast Period
Figure 22 North America to Be Fastest-Growing Spray Adhesives Market in Construction Industry
Figure 23 Europe to Be Second-Largest Spray Adhesives Market in Furniture Industry
Figure 24 APAC to Be Largest Spray Adhesives Market in Other Industries
Figure 25 Regional Snapshot: India to Lead Global Market Growth, 2017–2022
Figure 26 North American Spray Adhesives Market Snapshot: Mexico Projected to Be Fastest-Growing Market
Figure 27 APAC Spray Adhesives Market Snapshot: China Largest Market, 2017–2022
Figure 28 Transportation Industry Led Spray Adhesives Market in Europe in 2016
Figure 29 Transportation Was Largest End User of Spray Adhesives in 2016
Figure 30 Companies Adopted Acquisition as the Key Growth Strategy in the Last Three Years
Figure 31 Henkel: Company Snapshot
Figure 32 3M Company: Company Snapshot
Figure 33 H.B. Fuller: Company Snapshot
Figure 34 Avery Dennison Corp.: Company Snapshot
Figure 35 Bostik: Company Snapshot
Figure 36 Sika AG: Company Snapshot
Figure 37 ITW : Company Snapshot

The spray adhesives market size is projected to reach USD 3.41 Billion by 2022 from the estimated USD 2.72 Billion in 2017, at a CAGR of 4.6%. Spray adhesives are used in transportation, construction, and furniture industries. In the transportation industry, they are used in interior development and upholstery applications in vehicles, aircrafts, and ships. In the construction industry, spray adhesives are majorly used in flooring and roofing applications. Spray adhesives are also used in packaging, textile, and arts & crafts.

The spray adhesives market is categorized on the basis of their chemical composition as epoxy, polyurethane, synthetic rubber, and vinyl acetate ethylene. Among these, synthetic rubber spray adhesives are most widely used, while the demand for polyurethane and vinyl acetate ethylene is increasing.

On the basis of type, the spray adhesives market has been segmented into solvent-based, water-based, and hot melt. The hot melt spray adhesives segment is estimated to be the fastest-growing type of the spray adhesives market during the forecast period. This high growth is attributed to the tightening environmental norms regarding VOC content of spray adhesives. Hot melt spray adhesives do not use water or solvent as a carrier and, hence,their VOC content is very less, making them more eco-friendly.

Among the various end-use industries of spray adhesives, the transportation segment is estimated to remain the largest consumer during the forecast period. Spray adhesives are used to bond leather, foam, fabric, fiberglass, and other materials such as plastic and rubber to the metal body of vehicle, aircraft, or ship. These adhesives are used in interior trim application of vehicles and aircraft. The increasing demand for vehicles from emerging countries such as China, India, and Brazil is projected to fuel the demand for spray adhesives during the forecast period. Increasing popularity of electric cars and rising disposable incomes of the middle-class population in many countries are expected to boost the demand for vehicles.

Spray Adhesives Market

The rising demand for spray adhesives from transportation, construction, furniture, and packaging industries is driving the spray adhesives market, globally. Asia-Pacific is projected to be the fastest-growing market for spray adhesives during the forecast period, followed by the Middle East & Africa and North America. The markets in developing economies such as China and India are experiencing high growth due to increasing purchasing power of middle class and growing urbanization. The spray adhesives market in India is projected to witness the highest CAGR during the forecast period.

The raw materials of spray adhesives are mostly petroleum-based derivatives and are vulnerable to fluctuations in commodity prices. Oil prices have been highly volatile in recent times, fluctuating by over 8.0%, mainly due to increasing global demand and political unrest in the Middle East. Spray adhesive manufacturers have responded to the increase in costs by passing on the price rise to the end users, which results in the decrease in demand.

Companies operating in the spray adhesives market are investing to increase their product portfolios, along with improvements in distribution networks. They have adopted strategies such as mergers & acquisitions, new product developments, and expansions to cater to the increasing demand for spray adhesives from different regions. In 2017, Bostik SA acquired US-based company XL Brands, which manufactures adhesives for resilient and soft flooring. This acquisition will help Bostik to become one of the leaders in floor covering adhesives in the US. In the same year, Bostik opened a new production facility in India to meet the growing demand for hot melt pressure-sensitive adhesives (HMPSA) in the country. Sika AG introduced two products in the spray adhesives segment in 2015.

Bostik SA (US), H.B. Fuller (US), Henkel (Germany), Illinois Tool Works (US), Kissel+Wolf GmbH (Germany), Quin Global (US), Sika AG (Switzerland), and 3M (US) are some of the companies operating in the spray adhesives market.

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