Global Spray Adhesives Market Expected To Grow At Over 3.82% CAGR During Forecast Period

As per the researchers at Zion Market Research, the global Spray Adhesives Market was worth USD 3.54 Billion in 2023. The market is forecast to reach USD 4.96 Billion by 2032, growing at a compound annual growth rate (CAGR) of 3.82% during the forecast period 2024-2032. Few of the major players active in the global spray adhesives market consist of H.B. Fuller, Bostik SA, Kissel+Wolf GmbH, Henkel, Quin Global, 3M, and SIKA AG, among others.

Swiftly Flourishing Building & Construction Industry Anticipated To Drive The Global Market Growth

The key factor contributing to the growth of the global spray adhesives market is the swiftly flourishing building & construction industry, particularly within the budding nations. The product is utilized to glue drywalls, fiberglass, plasters, and insert ceilings. In addition, pipe insulation, EPS foams, carpet tile installation, and roofing membranes are some of the other products utilized within the construction industry. Usually, this group of adhesives is used in droplets form and has demonstrated to be an exceptional alternate for white glues, hit glues, and tape glues on account of its advanced qualities like strong bond, outstanding moisture & heat resistance, and so on. These adhesives wet the bottom of the attaching surface and then shift loads constantly between blended surfaces so as to enhance grounded holding.

Based On Type, Solvent-Based Segment Likely To Register Substantial Growth Rate

On the basis of type, the global spray adhesives market is divided into water-based, hot melt, and solvent-based. Among these, the solvent-based spray adhesives market segment ruled the market in 2018 in terms of volume and is projected to exhibit considerable growth rate during the forecast period. This class of adhesives is utilized to stick objects by constituents. It is usually utilized in the transportation, electronics, and building & construction industry. Nevertheless, the elevated VOC emissions generated by solvent-based adhesives might result in some setback for the segmental growth in the years to come. Water-based adhesives are progressively being more implemented so as to reduce VOC emissions and are also cost-effective in nature.

North America Projected To Dominate The Global Market During The Forecast Period

Regionally, the global spray adhesives market is anticipated to be governed by the North America during the forecast period. Furthermore, Asia Pacific, Europe, Middle East & Africa, and Latin America are also projected to follow the suit. Asia Pacific region is expected to exhibit a considerable growth rate attributable to the flourishing automotive and construction industry making use of hot melt- and solvent-based adhesives. Further, in this region, China is anticipated to be the biggest market for spray adhesives, whereas the Indian market is projected to display highest growth CAGR. The rising disposable incomes of individuals together with the increasing urbanization within India are driving the expansion of the construction, furniture, and automotive sectors leading to an escalated requirement for spray adhesives.

Browse the full “Global Spray Adhesives Market - By Type (Water-Based, Solvent-Based, And Hot Melt), By Chemistry (Polyurethane, Epoxy, Vinyl Acetate Ethylene, And Synthetic Rubber), By End-User Industry Industry (Construction, Transportation, Furniture, And Others), And By Region- Global Industry Perspective, Comprehensive Analysis, and Forecast, 2024-2032.” Report at https://www.zionmarketresearch.com/report/spray-adhesives-market

The global spray adhesives market is segmented as follows:

By Chemistry

• Epoxy
• Polyurethane
• Synthetic Rubber
• Vinyl Acetate Ethylene

By Type

• Solvent-Based
• Water-Based
• Hot Melt

By End-User Industry

• Transportation
• Construction
• Furniture
• Other

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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