Spray Adhesive Market Size, Share, Opportunities, COVID 19 Impact, And Trends By Type (Water Based, Solvent Based, Hot Melt, Others), By End User (Construction, Packaging, Furniture, Others) And By Geography - Forecasts From 2020 To 2025

Published:  May 2021 Report Code: KSI061611078 Pages: 126

The spray adhesive market is expected to grow at a CAGR of 5.20% over the forecast period to reach a total market size of US$5,635.667 million by 2025, increasing from US$4,157.667 million in 2019. Spray Adhesives are used in a variety of applications across various end-user industry verticals. There is an availability of different types of spray adhesives according to different strengths and uses. It helps in less work and is neat, easier to apply avoiding problems like overspray. The boost in the market growth is attributable to the fact that there is increasing adoption of spray adhesive among various end-user industries with the major demand coming from industries such as packaging, construction and automotive & transportation among others. In addition, the increasing participation by market players in the form of partnerships and product launches to further expand the adoption of the spray adhesive to increase their market share is further boosting the market, growth opportunities during the forecast period. For instance, in March 2018, 3M launched its Hi Tack Composite spray adhesive 71 for infusion composites fabrication application specifically for industrial, marine and transportation markets.

Construction end user industry is expected to grow at a significant rate during the forecast period.

The construction sector is growing across the globe on account of rising disposable income coupled with increasing government initiatives to boom the residential construction and infrastructural development. The improving economic condition in many parts of the world is expected to be one of the key drivers to amplify the demand for spray adhesives for construction industry and add up to the growth of the market during the coming years. For instance, according to the US Department of Commerce, the total value of construction including the public and private for both residential and non-residential sectors in the United States has increased from USD$ 788,332 million in 2011 to USD$1,303,469 million by 2019.

Growing adoption in packaging industry is expected to augment the market growth opportunities inthe coming years

The packaging industry today is evolving due to the growing demand for a variety of consumer products such as food and beverages, electronics, sanitary products, personal care products among others. This demand is being accelerated as a result of the rising disposable income among the middle income and low-income population and their increased propensity to spend in the developing countries like China, India and Brazil. In conjunction, the increasing sale of products through ecommerce channels and the growth of e-retail stores as they provide lucrative discounts and a convenience, thereby adding to this increased demand. Moreover, this increasing adoption is also attributable to the fact that the players are looking to maximize their profits as well as gain a competitive edge over the other rivals. Thus, this factor is bolstering the market growth further over the forecast period. Also, in order to ensure the effectiveness of the adhesives for catering to different applications in various industries is of utmost importance, as the quality and the finish of the end-product depend on it. To cater to these problems, the market players are involved in the market through investments and new product launches, aiming to make spray adhesive products more efficient and effective.

By type solvent melt is holding significant share in the market.

On the basis of type, the spray adhesives market has been segmented into the water-based, solvent-based, and hot melt among others. Solvent based is expected grow at a significant share in the market owing to its wider application across different industry verticals. Also, hot melt segment is growing at an exponential rate on account of stringent environment regulations.  

Asia Pacific is estimated to hold a significant share in the market.

By geography, the global spray adhesive market has been segmented as North America, South America, Europe, the Middle East and Africa, and Asia Pacific (APAC) regions. The Asia Pacific accounts for the significant share of the global spray adhesive market in 2019 and is projected to grow at a healthy rate throughout the forecast period. This growth is attributed to the presence of big market players coupled with the established steel industry in the region. The spray adhesive market in the Asia Pacific region is anticipated to witness exponential growth owing to expanding the automotive and construction industry in developing countries like China and India. For instance, automotive production in India has increased from 3,898.425 thousand units in 2013 to 5,174.645 thousand in 2018 (Source: International Organization of Motor Vehicle Manufacturers). However, the North American spray adhesive market will witness considerable growth during the forecast period owing to the rising manufacturing and automotive industry coupled with favorable government policies in the region. Similarly, in the Middle East region, the government of the major countries like Saudi Arabia and UAE have their main focus in the development of commercial infrastructure which is indicated from the fact, that there are various initiatives taken by the government of major countries like Saudi Vision 2030, UAE Vision 2021 and UAE Vision 2023 that include construction of new hotels, airports, and metros which are also anticipated to positively impact the growth of the spray adhesives market during the forecast period and beyond.

Competitive Insights

Prominent key market players in the global spray adhesive market include Marston, Domsel GmbH, Siliconi commerciale Spa, FAC GB s.r.l., Gemini Adhesives Ltd, and Bostik among others. At present, these companies hold a significant share in the market and are adopting various growth strategies such as new product launches, M&A, and partnerships to expand their global footprint. For instance, recently, Pidilite announced the acquisition of nearly seventy percent share in Tenax India  a leading manufacturer of adhesives, coating, surface treatment chemicals and abrasives for the marble, granite and stone Industry. Besides, companies are focusing on improving the quality of spray adhesive through research and development and by developing spray adhesive which can be used in the manufacturing of highly durable UHP electrodes. Furthermore, companies investing in technology and manufacturing strengths and capabilities to hold a competitive advantage over their competitors.

Spray Adhesive Market Scope:

Report Metric Details
 Market size value in 2019  US$4,157.667 million
 Market size value in 2025  US$5,635.667 million
 Growth Rate  CAGR of 5.20% from 2019 to 2025
 Base year  2019
 Forecast period  2020–2025
 Forecast Unit (Value)  USD Million
 Segments covered  Type, End-User, And Geography
 Regions covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered  Marston Domsel GmbH, Siliconi commerciale Spa, FAC GB s.r.l., Pidilite Industries   Ltd,  Gemini Adhesives Ltd., Bostik, Quin Global, H.B. Fuller Company, Henkel Corp.,   Sika AG
 Customization scope  Free report customization with purchase

 

Segmentation:

  • By Type
    • Water based
    • Solvent based
    • Hot melt
    • Others
  • By End User
    • Construction
    • Packaging
    • Furniture
    • Others
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • UK
      • Germany
      • France
      • Italy
      • Russia
      • Others
    • Middle East and Africa
      • Saudi Arabia
      • South Africa
      • Others
    • Asia Pacific
      • Japan
      • China
      • India
      • South Korea
      • Others

Frequently Asked Questions (FAQs)

Q1. What will be the spray adhesives market size by 2025?
A1. The spray adhesive market is expected to reach a total market size of US$5,635.667 million in 2025.
 
Q2. What are the growth prospects for spray adhesives market?
A2. The global spray adhesives market is expected to grow at a CAGR of 5.20% over the forecast period.
 
Q3. What is the size of global spray adhesives market?
A3. Spray Adhesive market was valued at US$4,157.667 million in 2019.
 
Q4. What factors are anticipated to drive spray adhesives market growth?
A4. The boost in the market growth is attributable to the fact that there is increasing adoption of spray adhesive among various end-user industries with the major demand coming from industries such as packaging, construction, and automotive & transportation among others. 
 
Q5. Which region holds the largest market share in the spray adhesives market?
A5. The Asia Pacific accounts for a significant share of the global spray adhesives market in 2019 and is projected to grow at a healthy rate throughout the forecast period. 

 

1. Introduction
1.1. Market Definition
1.2. Market Segmentation
 
2. Research Methodology
2.1. Research Data
2.2. Assumptions
 
3. Executive Summary
3.1. Research Highlights
 
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
 
5. Spray adhesive Market Analysis, By Type
5.1. Introduction
5.2. Water based
5.3. Solvent based
5.4. Hot melt
5.5. Others
 
6. Spray adhesive Market Analysis, By End User
6.1. Introduction
6.2. Construction
6.3. Packaging
6.4. Furniture
6.5. Others
 
7. Spray adhesive Market Analysis, By Geography
7.1. Introduction
7.2. North America (US$ Million) (tons)
7.2.1. North America Spray adhesive Market, By Type, 2019 to 2025 (US$ Million) (tons)
7.2.2. North America Spray adhesive Market, By End User, 2019 To 2025 (US$ Million) (tons)
7.2.3. By Country
7.2.3.1. United States (US$ Million) (tons)
7.2.3.1.1. United States Spray adhesive Market, Type, 2019 To 2025 (US$ Million) (tons)
7.2.3.1.2. United States Spray adhesive Market, By End User, 2019 To 2025 (US$ Million) (tons)
7.2.3.2. Canada (US$ Million) (tons)
7.2.3.2.1. Canada Spray adhesive Market, By Type, 2019 To 2025 (US$ Million) (tons)
7.2.3.2.2. Canada Spray adhesive Market, By End User, 2019 To 2025 (US$ Million) (tons)
7.2.3.3. Mexico (US$ Million) (tons)
7.2.3.3.1. Mexico Spray adhesive Market, By Type, 2019 To 2025 (US$ Million) (tons)
7.2.3.3.2. Mexico Spray adhesive Market, By End User, 2019 To 2025 (US$ Million) (tons)
7.3. South America (US$ Million) (tons)
7.3.1. South America Spray adhesive Market, By Type, 2019 to 2025 (US$ Million) (tons)
7.3.2. South America Spray adhesive Market, By End User, 2019 To 2025 (US$ Million) (tons)
7.3.3. By Country
7.3.3.1. Brazil (US$ Million) (tons)
7.3.3.1.1. Brazil Spray adhesive Market, By Type, 2019 To 2025 (US$ Million) (tons)
7.3.3.1.2. Brazil Spray adhesive Market, By End User, 2019 To 2025 (US$ Million) (tons)
7.3.3.2. Argentina
7.3.3.2.1. Argentina Spray adhesive Market, By Type, 2019 To 2025 (US$ Million) (tons)
7.3.3.2.2. Argentina Spray adhesive Market, By End User, 2019 To 2025 (US$ Million) (tons)
7.3.3.3. Others
7.4. Europe (US$ Million) (tons)
7.4.1. Europe Spray adhesive Market, By Type, 2019 to 2025 (US$ Million) (tons)
7.4.2. Europe Spray adhesive Market, By End User, 2019 To 2025 (US$ Million) (tons)
7.4.3. By Country
7.4.3.1. UK (US$ Million) (tons)
7.4.3.1.1. UK Spray adhesive Market, By Type, 2019 To 2025 (US$ Million) (tons)
7.4.3.1.2. UK Spray adhesive Market, By End User, 2019 To 2025 (US$ Million) (tons)
7.4.3.2. Germany (US$ Million) (tons)
7.4.3.2.1. Germany Spray adhesive Market, By Type, 2019 To 2025 (US$ Million) (tons)
7.4.3.2.2. Germany Spray adhesive Market, By End User, 2019 To 2025 (US$ Million) (tons)
7.4.3.3. France (US$ Million) (tons)
7.4.3.3.1. France Spray adhesive Market, By Type, 2019 To 2025 (US$ Million) (tons)
7.4.3.3.2. France Spray adhesive Market, By End User, 2019 To 2025 (US$ Million) (tons)
7.4.3.4. Italy (US$ Million) (tons)
7.4.3.4.1. Italy Spray adhesive Market, By Type, 2019 To 2025 (US$ Million) (tons)
7.4.3.4.2. Italy Spray adhesive Market, By End User, 2019 To 2025 (US$ Million) (tons)
7.4.3.5. Russia (US$ Million) (tons)
7.4.3.5.1. Russia Spray adhesive Market, By Type, 2019 To 2025 (US$ Million) (tons)
7.4.3.5.2. Russia Spray adhesive Market, By End User, 2019 To 2025 (US$ Million) (tons)
7.4.3.6. Others
7.5. Middle East and Africa (US$ Million) (tons)
7.5.1. Middle East And Africa Spray adhesive Market, By Type, 2019 To 2025 (US$ Million) (tons)
7.5.2. Middle East And Africa Spray adhesive Market, By End User, 2019 To 2025 (US$ Million) (tons)
7.5.3. By Country
7.5.3.1. Saudi Arabia (US$ Million) (tons)
7.5.3.1.1. Saudi Arabia Spray adhesive Market, By Type, 2019 To 2025 (US$ Million) (tons)
7.5.3.1.2. Saudi Arabia Spray adhesive Market, By End User, 2019 To 2025 (US$ Million) (tons)
7.5.3.2. South Africa (US$ Million) (tons)
7.5.3.2.1. South Korea Spray adhesive Market, By Type, 2019 To 2025 (US$ Million) (tons)
7.5.3.2.2. South Africa Spray adhesive Market, By End User, 2019 To 2025 (US$ Million) (tons)
7.5.3.3. Others
7.6. Asia Pacific (US$ Million) (tons)
7.6.1. Asia Pacific Spray adhesive Market, By Type, 2019 To 2025 (US$ Million) (tons)
7.6.2. Asia Pacific Spray adhesive Market, By End User, 2019 To 2025 (US$ Million) (tons)
7.6.3. By Country
7.6.3.1. Japan (US$ Million) (tons)
7.6.3.1.1. Japan Spray adhesive Market, By Type, 2019 To 2025 (US$ Million) (tons)
7.6.3.1.2. Japan Spray adhesive Market, By End User, 2019 To 2025 (US$ Million) (tons)
7.6.3.2. China (US$ Million) (tons)
7.6.3.2.1. China Spray adhesive Market, By Type, 2019 To 2025 (US$ Million) (tons)
7.6.3.2.2. China Spray adhesive Market, By End User, 2019 To 2025 (US$ Million) (tons)
7.6.3.3. India (US$ Million) (tons)
7.6.3.3.1. India Spray adhesive Market, By Type, 2019 To 2025 (US$ Million) (tons)
7.6.3.3.2. India Spray adhesive Market, By End User, 2019 To 2025 (US$ Million) (tons)
7.6.3.4. South Korea (US$ Million) (tons)
7.6.3.4.1. South Korea Spray adhesive Market, By Type, 2019 To 2025 (US$ Million) (tons)
7.6.3.4.2. South Korea Spray adhesive Market, By End User, 2019 To 2025 (US$ Million) (tons)
7.6.3.5. Others
 
8. Competitive Environment and Analysis
8.1. Major Players and Strategy Analysis
8.2. Emerging Players and Market Lucrativeness
8.3. Mergers, Acquisitions, Agreements, and Collaborations
8.4. Vendor Competitiveness Matrix
 
9. Company Profiles
9.1. Phillips 66
9.2. Asbury Carbons
9.3. Seadrift Coke LP
9.4. Graf Tech International Holdings Inc.
9.5. Mitsubishi Chemical Corporation
9.6. SojitzJECT Corporation
9.7. Indian Oil Corporation
9.8. C-Chem CO., Ltd.
9.9. Sumitomo Corporation
9.10. JXTG Nippon Oil & Energy Corp.

 Marston Domsel GmbH

Siliconi commerciale Spa

FAC GB s.r.l. 

Pidilite Industries Ltd

Gemini Adhesives Ltd.

Bostik 

Quin Global

H.B. Fuller Company

Henkel Corp.

Sika AG

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