Analysis of Spray adhesive market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
According to latest research by Fact.MR, spray adhesive market is set to witness steady growth during 2021-2031. Demand for spray adhesive will witness growth in coming years, owing to increase in automobile industries in developing countries globally.
Evolving end-user demand for quick fix adhesive and heat & moisture resistant adhesive for products including plywood sheets, mirror, pipe insulation and roofing membranes, etc. continues to drive the demand for spray adhesive.
In the past few years, demand for lightweight adhesive products has significantly increased in construction industry. Construction companies are using spray adhesive in place of white tapes, tape glue, and other glue products to increase the longevity of the bond.
Additionally, spray adhesive plays an important role in the aviation industry to fix glasses and plastic bodies. Apart, from this, it also helps to fix instant tire leakage or rubber tube leakages and it also plays an important role in leather industries for bonding between two pieces of leather.
Covid-19 has badly affected the market of spray adhesive, as most of the industries were put on hold including the construction and aviation industry to avoid the spread of the virus.
This has impacted the market growth of spray adhesive as construction and aviation industries play a vital role in the spray adhesive market. Apart from this, manufacturers of spray adhesive are facing issues in the procurement of raw materials like chemicals, glue, and other mixing particles from other countries due to the trade and transport restrictions between countries.
Most of the spray adhesive companies belong to North America and Europe, and these companies are facing issues in delivering their previous orders to other regions. This has forced the companies to look for local opportunities for procuring glue and chemicals.
Asia Pacific is the leading market for spray adhesives globally. Asia Pacific accounts for more than 45% share of the global spray adhesive market. The demand in Asia Pacific is expected to grow at a rapid pace in the forecasted period (2021 – 2031), as the number of activities is increasing in end use industry.
China and India dominate the market of spray adhesive in Asia Pacific. The growing construction industries in India and China has been triggering the market growth of spray adhesives. For instance, the Government of India has started working on Central Vista Redevelopment Project which refers to the ongoing redevelopment of the Central Vista, India's central administrative area located near Raisina Hill, New Delhi. The project seeks to improve infrastructure for the government of India, including retrofitting and refurbishing some heritage buildings to make them functional and safe for future use.
Apart from the construction industry, well established automobile industry in China, India, Indonesia and Japan have also been supporting the market growth of spray adhesive in Asia Pacific region.
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Europe holds the second largest share of spray adhesive market followed by North America. United Kingdom, Russia, France and Germany dominate the European market of spray adhesives, as most of the big players of the automobile and aviation industry come from these countries.
Some of the leading manufacturers and suppliers of spray adhesive
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NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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