North America And Europe Spray Adhesives Market Size By Product (Water-Based, Solvent-Based), By Geographic Scope And Forecast
Published on: 2024-08-08 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
North America And Europe Spray Adhesives Market Size By Product (Water-Based, Solvent-Based), By Geographic Scope And Forecast
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.
The increasing demand from the transportation sector, particularly in the automotive and aviation industries, is a significant driver of market growth for spray adhesives. Spray adhesives are crucial for various applications within the transportation sector, primarily in the interior trim applications of vehicles and aircraft. Spray adhesives play a pivotal role in bonding diverse materials like foam, fabric, fiberglass, leather, and more to the interior surfaces of vehicles and aircraft. These materials are used for upholstery, headliners, carpeting, and other interior components. Spray adhesives offer a quick and efficient way to securely attach these materials, ensuring they remain in place even under the stresses of transportation. As vehicle and aircraft interiors become more sophisticated and comfortable, the demand for reliable bonding solutions like spray adhesives continues to rise.
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
The “North America And Europe Spray Adhesives Market” study report will provide valuable insight with an emphasis on the market. The major players in the market are 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 competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players.
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 |
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| Customization scope | Free report customization (equivalent to up to 4 analyst working days) with purchase. Addition or alteration to country, regional & segment scope. |
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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes an in-depth analysis of the market from various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post sales analyst support
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