According to the research report titled ‘Spray Adhesives Market Size By Technology (Solvent Based, Water Based, Hot Melt), By Resin, By End-user (Building & Construction, Packaging, Footwear, Transportation, Hygiene), Industry Analysis Report, Regional Outlook, Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019-2025’, available with Market Study Report, global spray adhesives market is projected to accumulate USD 9 billion by the year 2025.
 

Rise in the packaging industry worldwide, along with technological development and innovation are driving the growth of the global spray adhesives market. Notably, spray adhesives are used across various packaging applications like film laminating, cut out windows laminating, bonding of folding boxes etc. to ensure a reliable and permanent bond of packages in addition to providing sustainability.
 

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Escalating sales across food & beverage sector, leading to surge in usage of packaging like wraps and sealing bags will further boost the demand for spray adhesives.
 

However, fluctuating prices of raw materials in accordance to crude oil cost is acting as a major restraint to the spray adhesives market outlook.
 

Based on resin, epoxy resin segment held 40% of market share in 2018, owing to beneficial properties like chemical & moisture resistance, low shrinkage, strong fatigue, and high mechanical strength. Epoxy adhesives are suitable for an array of materials including plastic, ceramic, wood, and metal.
 

On the basis of technology, solvent adhesives accounted for 7% share in the global spray adhesives market in the recent past, but hot melt and water-based technologies are poised to gain significant traction in the upcoming years. Solvent adhesives have high VOC emissions, which along with high cost will shift consumer preference towards hot melt and water-based adhesives.
 

Speaking of application scope, global spray adhesives industry share from hygiene sector is touted to grow over the analysis timeframe, owing to widespread product usage in baby care, feminine hygiene products, and others.
 

The report cites that Asia Pacific is likely to hold significant share in worldwide spray adhesives market over the forecast period, owing to increasing end user industries. For example, in China and India, rising construction activities along with increasing government investments in large infrastructure projects is favoring the growth of the regional market.
 

Key contenders in spray adhesives market include Spray-Lock Inc., Phillips Manufacturing Company, Chemique Adhesives & Sealants Ltd., Casa Adhesive Systems, Eastman Chemical Company, BASF SE, Beardow Adams Ltd., Mapei S.p.A., DuPont de Nemours Inc., Sika AG, Henkel AG & Co. KGaA , The 3M Company, Arkema S.A., H.B. Fuller Company, and Avery Dennison Corporation