Spray Adhesives Market by Chemistry, Type, End-Use Industry, and Region - Global Forecast to 2025

Spray Adhesives Market will exceed USD 9 billion by 2025; according to a new research report.

Strengthened by rising packaging industry worldwide, spray adhesives demand is expected to rise in the projected time period. They are used across many packaging applications including cut out windows laminating, film laminating, bonding of folding boxes, etc. These adhesives ensure a permanent and reliable bond and in addition provides sustainability, food safety and energy efficiency. It is mostly used for wraps, sealing bags and trays. Rising consumption of soft drinks, bakery products, dairy products and cereals within the food industry will trigger packaging market growth in the forecast timespan. China maintains its consistency to be amongst the main flexible packaging consumer in 2018, despite India maintaining gains of approximately 8% in the same time frame.

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Oscillating raw material prices is the key factor likely to hinder the market growth by 2025. Polyurethane, epoxy and synthetic rubber are extracted from petrochemicals and hence their prices varies in accordance with crude oil prices. Instability in prices restrict product demand to an extent. Although with technology advancements and innovation, product demand is anticipated to propel in the forthcoming years

The market is segmented on the basis of resins into epoxy, polyurethane, synthetic rubber, etc. Epoxy resin captured the largest share which accounted for approximately 40% of the business size in 2018. It is attributed to its excellent moisture and chemical resistance, low shrinkage, high mechanical strength and strong fatigue properties. The advantage of epoxy adhesives is that it can be utilized for bonding variety of substrates such as plastics, metal, ceramic, wood and other products.

Based on technology, spray adhesives market is categorized into water based, hot melt and solvent based. Solvent adhesives held approximately 7% of the market share, which is due to high VOC emissions caused by this technology. However, solvent based technology is getting replaced with hot melt and water based as a result of having less VOC emissions coupled with associated cost benefits. The cost of solvent based technology is always higher than water based as added solvents are cost intensive which is driving the water based technology in the industry.

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Spray adhesives have applications across several industries including, packaging, building & construction, transportation, hygiene, footwear, etc. In hygiene industry, these products are used in feminine hygiene products, baby care and in other related products. These adhesives provide strong adhesion and cohesive strength to absorbent pads, non-woven and other backing materials used in manufacturing disposable non-woven products and diapers. Furthermore, these adhesives are also applicable in building & construction sector to glue plasters, fiber glass, drywalls, inserting ceilings, among others.

Asia pacific spray adhesives market is projected to witness promising gains due to rising growth in end-user industries. For example, rising construction activities in India and China with government proposing investment in large infrastructure projects. In China, the administration has recently announced a policy to support infrastructure investments in the nation which resulted in an increase by nearly 46%.in its construction output in the recent years. Also, the government in Japan has introduced a package to increase capital expenditure and public works, owing to rising taxes. Growing initiative by governments worldwide to enhance infrastructure and building & construction activities is the key factor propelling the product demand, which will positively influence the overall business size by 2025.

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