Global Spray Adhesives Market Size, Share, and COVID-19 Impact Analysis, By Product (Water Based, Solvent Based, Hot Melt, and Others), By Application (Construction, Packaging, Furniture, Automotive & Transportation, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 - 2033.

Global Spray Adhesives Market Insights Forecasts to 2033

• The Global Spray Adhesives Market Size was estimated at USD 3.59 Billion in 2023
• The Market Size is Expected to Grow at a CAGR of around 4.32% from 2023 to 2033
• The Worldwide Spray Adhesives Market Size is Expected to Reach USD 5.48 Billion By 2033
• North America is expected to grow the fastest during the forecast period.

The Global Spray Adhesives Market Size is Expected to cross USD 5.48 Billion By 2033, Growing at a CAGR of 4.32% from 2023 to 2033.

Market Overview                                          

The global spray adhesives market is the worldwide industry that manufactures, distributes, and sells spray adhesive products. Spray adhesives are aerosol bonding agents that are sprayed on as a fine mist for uniform and effective coverage on different surfaces. Spray adhesives find extensive application in various industries, such as packaging, automobile, construction, textiles, and consumer durables, owing to their flexibility, simplicity of application, and high bonding strength. The growing need for effective and speedy assembly processes in various industries, including automotive, construction, and aerospace, is fueling the worldwide market. In addition, extensive use of spray adhesive in the automotive sector, as they provide an effective and consistent bonding option for these light-weight materials, leading to better vehicle fuel efficiency and structural stability, is developing a favorable market scenario. Furthermore, the growing propensity for DIY activities and home refurbishment has pushed the demand for consumer-level spray adhesives.

Report Coverage

This research report categorizes the spray adhesives market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the spray adhesives market. Recent market developments and competitive strategies such as expansion, type launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the spray adhesives market.

Driving Factors

The market for spray adhesives is growing immensely with the growing preferences of various business fields like the automobile sector, construction sector, packaging sector, and others. Spray adhesives are best suited for various applications due to their flexibility such as laminating, sealing, and insulation. The construction industries of the world are witnessing rapid growth owing to growth in urbanization and infrastructure development programs. Construction uses of spray adhesives are floor coverings and flooring, wall coverings and insulating materials. This trend is more evident in the developing markets where there is a rapid increase in the rate of urbanization. Other than these, the application of solvent-based spray adhesive has been decreased, and the use of water-based products and hot melt has been increased because of the growing concern regarding the ill effects of a volatile organic compound. This is likely to propel the growth of the global spray adhesive market throughout the research period. In addition, the global market demand is also being driven because of the growing use of spray adhesive to repair hoardings and other interior fittings.

Restraining Factors

However, various manufacturers may face difficulties as a result of fluctuating raw material costs. The high emissions of volatile organic compounds (VOCs) from the spray adhesive manufacturing process are expected to be a significant impediment to growth.

Market Segmentation

The spray adhesives market share is classified into product and application.   

• The solvent-based segment held the greatest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period.

Based on the product, the spray adhesives market is divided into water based, solvent based, hot melt, and others. Among these, the solvent-based segment held the greatest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period. Solvent based spray adhesives are very popular because they can attach to a wide range of surfaces, including plastics, metals, and composites, making them vital in challenging settings. Due to these factors, solvent-based is anticipated to grow at a significant CAGR during the forecast period.

• The packaging segment accounted for the majority of the share in 2023 and is estimated to grow at a remarkable CAGR during the projected timeframe.

Based on the application, the spray adhesives market is divided into construction, packaging, furniture, automotive & transportation, and others. Among these, the packaging segment accounted for the majority of the share in 2023 and is estimated to grow at a remarkable CAGR during the projected timeframe. The demand is fueled by the fast expansion of e-commerce, growing demand for effective and resilient packaging solutions, and the demand for lightweight material in shipping and logistics. Spray adhesives are extensively used in packaging for carton and label bonding as well as for flexible materials due to their quick application and strong bonding.

Regional Segment Analysis of the Spray Adhesives Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

Asia Pacific is anticipated to hold the largest share of the spray adhesives market over the predicted timeframe.

Asia Pacific is anticipated to hold the largest share of the spray adhesives market over the predicted timeframe. The industrialization and urbanization of China, India, and Japan are the driving forces for growth. Automotive, construction, and packaging industries are the major consumer industries for spray adhesives in the region. A strong base of manufacturing operations and rapidly growing demand for cost-effective processes support the usage of spray adhesives for assembly processing in various lines of business operations today. Retail packaging and e-commerce growth assist in fueling this demand. In addition, Southeast Asia's boom in e-commerce is speeding up the need for packaging solutions to drive the wider use of spray adhesives in packaging use.

North America is expected to grow at the fastest CAGR in the spray adhesives market during the forecast period. The high industrial presence of the region, especially in automotive, construction, and packaging industries, propels substantial demand for spray adhesives. The increased focus on light weight and fuel-saving cars in the automotive sector also enhances the usage of high-tech bonding solutions. Increased do-it-yourself activity, home maintenance activities, and crafting activities further propel the growth of the market. Additionally, stricter environmental laws in North America are forcing companies to formulate sustainable, low-VOC, and eco-friendly spray adhesive products in compliance with regulatory norms and consumer requirements.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Spray Adhesives market along with a comparative evaluation primarily based on their type of offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes type development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Arkema Group (Bostik SA)
• VOC-Free Adhesives LLC
• Permatex (Illinois Tool Works Inc.)
• Beardow & Adams (Adhesives) Ltd.
• Dow Inc.
• Ashland Global Holdings Inc.
• Akzo Nobel N.V.
• RPM International Inc. (DAP Products Inc.)
• 3M Company
• Henkel AG & Co. KGaA
• H.B. Fuller Company
• Sika AG
• Avery Dennison Corporation
• Adhesive Technologies Inc.
• Wisdom Adhesives Worldwide
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs) 

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the Spray Adhesives market based on the below-mentioned segments: 

Global Spray Adhesives Market, By Product

• Water Based
• Solvent Based
• Hot Melt
• Others

Global Spray Adhesives Market, By Application

• Construction
• Packaging
• Furniture
• Automotive & Transportation
• Others

Global Spray Adhesives Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa