TAGS: Hot-melt Adhesives Solvent borne Adhesives Waterborne Adhesives Epoxy Adhesives Polyurethane Adhesives
IMARC Group anticipates that the global spray adhesives market to reach USD 4.3 billion by 2027 from US$ 3.3 Billion in 2021b at a CAGR of 4.7% during 2022-2027 forecast period.
Spray adhesives are multi-functional adherents applied onto a surface from a pressurized container. They are manufactured using epoxy, polyurethane, synthetic rubber and vinyl acetate-ethylene and require minimal time for setting and forming bonds. Once applied, the spray wets the base of the joining surfaces and consistently transfer loads between the surfaces to provide improved ground holding.
In comparison to the traditionally used tape, hot and white glue, spray adhesives offer enhanced heat and moisture resistance and provide a wider coverage with minimal wastage due to a controlled spray mechanism. As a result, they are widely used across various industries, such as transportation, packaging, automotive, footwear, leather, construction and furniture.
Increased Demand from Construction Industry
Significant growth in the construction industry across the globe is one of the key factors creating a positive outlook for the market. Spray adhesives are widely used for bonding laminates, glue drywalls, plasters, fiberglass, ceilings, foams, pipe insulation, roofing membranes and carpet tiles to the flooring and roofing of the buildings.
Increasing consumer demand for durable packaging solutions is providing a thrust to the market growth. In line with this, the widespread adoption of spray adhesives for interior and upholstery applications in automobiles, marine vessels and aircraft is also contributing to the growth of the market. They are extensively used for bonding foam, fabric, fiberglass, leather and other materials to the body of the vehicle.
Demand for Hygienic Food Packaging Solutions
Additionally, various product innovations, such as the launch of spray adhesives with low volatile organic compound (VOC) content, are favoring the market growth. Other factors, including extensive research and development (R&D) activities to manufacture environment- and skin-friendly spray adhesives, along with the increasing demand for hygienic food packaging solutions, are anticipated to drive the market toward growth.
The market is based on type, resin type and end-use industry.
Breakup by type: solvent-based, water-based, hot melt.
Breakup by resin type: epoxy, polyurethane, synthetic rubber, vinyl acetate ethylene.
Breakup by end-use industry: building and construction, packaging, furniture, transportation textile, others.
Source: IMARC