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Spray Adhesive Industry Trends

Sep 11, 2021


Industry overview


During the forecast period, the global spray glue market is expected to show healthy growth, with a compound annual growth rate expected to exceed 4%. The main factor driving the growth of the studied market is the rapid growth of the construction industry in emerging economies.


★  Increasing demand for low VOC adhesives may create opportunities for the market in the next few years.

★  Increasing demand for hygienic food packaging is expected to promote the market for spray glue in the future.

★  The Asia-Pacific region is expected to dominate the market, and the highest compound annual growth rate may also occur             during the forecast period.



Global Market Report


Global spray glue market reports include:


Type
Water-based
Hot Melt
Solvent-based

Resin Type
Polyurethane
Synthetic Rubber
Vinyl Acetate Ethylene
End-user Industry

Packaging
Furniture
Transportation
Textile
Other End-user Industries
Geography
Asia-Pacific
China
India
Japan
South Korea
ASEAN Countries
Rest of Asia-Pacific

North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa




Main market trends


Increased demand in the transportation industry

●  Various applications in the transportation sector require spray adhesives. These adhesives are mainly used in interior                        applications of vehicles and airplanes.

●  Spray adhesives helps to bond foam, fabric, fiberglass, leather and other materials to the car body.

●  With Increasing safety issues and Increasing commercial airplanes used as vehicles, the demand for airplanes around the              world has been increasing. With this, various aircraft production orders have been scheduled for delivery in the next few years.

●  Therefore, with the production of aircraft to deliver aircraft orders for the defense and aviation industries, it is expected that the        global demand for spray glue will increase during the forecast period.




Asia Pacific will dominate the market


✔  The Asia-Pacific region is expected to dominate the market. In this region, China is the largest economy in terms of GDP. China         is one of the fastest-growing emerging economies and has now become one of the largest production houses in the world. The       country’s manufacturing industry is one of the main contributors to the country’s economy.

✔  Over the years, China's aircraft industry has achieved significant growth. According to Boeing, China is estimated to need about       7,600 new commercial aircraft, valued at US$1.2 trillion in the next two decades.

✔  China’s foreign investment has also expanded to the aviation sector. Due to China’s superior geographical location, it can easily       enter the industrial product markets of neighboring countries and other countries. The compound annual growth rate of this             sector is expected to be 6%. The main access point for manufacturers and suppliers.

✔  China is the largest automobile manufacturer in the world. The country’s automobile industry has been working hard for                   product evolution. The country focuses on manufacturing products to ensure fuel economy and minimize emissions (due to             the country’s increasing pollution and environmental problems).

✔  Due to all these factors, the spray adhesives market in this region is expected to grow steadily during the forecast period.




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