North America And Europe Spray Adhesives Market Size By Product (Water-Based, Solvent-Based), By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
North America And Europe Spray Adhesives Market Size And Forecast
North America And Europe Spray Adhesives Market size was valued at USD 1,652.83 Million in 2023 and is projected to reach USD 2,318.60 Million by 2030, growing at a CAGR of 4.31% from 2024 to 2030.
Increasing demand from the transportation sector and the presence of well-established packaging, woodworking, and automotive industries are the factors driving the market growth. The North America And Europe report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
North America And Europe Spray Adhesives Market Definition
Spray adhesives, also known as aerosol adhesives or aerosol adhesives, are a type of adhesive that is applied in a spray form. They are unique among adhesives due to their application method and several advantageous qualities, which make them preferred in various industries and applications over traditional adhesives. Spray adhesives are easy to apply evenly over large or irregular surfaces. The spray nozzle allows for precise control, reducing waste and mess. They offer rapid bonding, often with instant or very short curing times. This speed is particularly valuable in production environments where time efficiency is crucial.
Spray adhesives can be used on a wide range of materials, including paper, fabric, plastic, metal, foam, and more. This versatility makes them suitable for various applications. Many modern spray adhesives are available in low-VOC (volatile organic compound) formulations, making them more environmentally friendly and safer for indoor use. Depending on the specific formulation, spray adhesives can provide both temporary and permanent bonds. This adaptability is essential for various projects.
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North America And Europe Spray Adhesives Market Overview
The demand for spray adhesives in North America and Europe is increasing owing to the demand from transportation. The North America And Europe Spray Adhesives Market is growing due to the presence of well-established packaging, woodworking, and automotive industries. Maintaining performance to meet environmental standards and volatility in the raw material prices is restraining the North America And Europe Spray Adhesives Market. Moreover, rising demand for eco-friendly adhesives and low-vow adhesives is an opportunity for the North America And Europe Spray Adhesives Market.
Hey, so the market for spray adhesives is really taking off, mainly because of what's happening in the transportation sector, you know, cars and planes. These adhesives are super important for all sorts of things, especially inside vehicles and aircraft – think of those nice interior trim applications. They're how you stick all sorts of different materials together, like foam, fabric, fiberglass, even leather! That's how you get fancy upholstery, those comfy headliners, the carpeting, and all the other interior stuff. Spray adhesives are just a fast and easy way to make sure everything stays put, even when you're flying or driving. And as we want our cars and planes to be even nicer inside, we're just going to need more of these reliable bonding solutions.
North America And Europe Spray Adhesives MarketSegmentation Analysis
The North America And Europe Spray Adhesives Market is Segmented on the basis of Product, and Geography.
North America And Europe Spray Adhesives Market, By Product
Water-based
Solvent-based
Hot Melt
Others
To Get a Summarized Market Report By Product-
Based on Product, the market is bifurcated into Water-based, Solvent-based, Hot Melt, and Others. Water-based accounted for the largest market share of 37.58% in 2022, with a market value of USD 621.08 Million, and is projected to grow at a CAGR of 5.52% during the forecast period. Solvent-based was the second-largest market in 2022, valued at USD 417.13 Million in 2022; it is projected to grow at a CAGR of 3.51%.
North America And Europe Spray Adhesives Market, By Geography
North America
Europe
To Get a Summarized Market Report By Geography-
On the basis of Regional Analysis, the North America And Europe Spray Adhesives Market is classified into North America and Europe. Europe accounted for the largest market share of 55.40% in 2022, with a market value of USD 915.83 Million, and is projected to grow at the highest CAGR of 4.58% during the forecast period. North America was the second-largest market in 2022, valued at USD 737.01 Million in 2022; it is projected to grow at a CAGR of 4.00%
Key Players
Want to know what's happening in the "North America And Europe Spray Adhesives Market"? This study offers a close-up look at the market, highlighting the big names. You'll find 3M, Sika AG, Henkel AG & Co. KGaA, Bostik, H.B. Fuller Company, Avery Dennison Corporation, Huntsman Corporation, Illinois Tool Works Inc., LORD Corporation (Parker Hannifin), Mapei S.p.A., Quin Global, Permabond Engineering Adhesives Ltd, Gorilla Adhesive, Inc., Pidilite Industries Limited, Jowat SE, Bison International, Chemique Adhesives & Sealants Ltd, Quilosa, Uniseal, CRC Industries Europe, and Others. The report also dives into how these players compete, including their strategies, market share, and where they stand in the ranking.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with Coating Type benchmarking and SWOT analysis.
Report Scope
REPORT ATTRIBUTES
DETAILS
Study Period
2020-2030
Base Year
2023
Forecast Period
2024-2030
Historical Period
2020-2022
Unit
Value (USD Million)
Key Companies Profiled
3M, Henkel AG & Co. KGaA, Bostik, H.B. Fuller Company, Avery Dennison Corporation, Huntsman Corporation, Illinois Tool Works Inc.
Segments Covered
By Product
By Geography
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Reasons to Purchase this Report
We take a deep dive into the market using both qualitative and quantitative analysis, breaking it down by segments based on economic and other factors. We'll give you the market value in USD Billion for each of those segments and sub-segments. Find out which region and segment we think will grow the fastest and ultimately lead the market. We'll also analyze each geographic area, looking at product/service consumption and the factors influencing the market there. Our competitive landscape section ranks the major players, highlighting new service/product launches, partnerships, expansions, and acquisitions from the last five years. You'll get extensive company profiles with overviews, insights, product benchmarking, and SWOT analyses. We'll cover the current and future market outlook, considering recent developments like growth opportunities, drivers, challenges, and restraints in both emerging and developed regions. Plus, we provide an in-depth market analysis through Porter's five forces and a Value Chain perspective. Get ready for a look at the market dynamics scenario and future growth opportunities. Oh, and you get 6 months of analyst support after the sale!
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