How is rising packaging application favoring spray adhesives market trends? | Key players are Avery Dennison Corporation, Arkema, Henkel AG, KGaA, Sika AG, DowDuPont, BASF
The packaging industry is accountable for generating a huge chunk of spray adhesives market demand. They are used for film laminating, bonding of folding boxes, and windows laminating as they ensure permanent and reliable bond. The product is the preferred material for trays, wrap, sealing bags, and others since they are sustainable, energy efficient, and conform to food safety guidelines. Escalating consumption of packaged food products such as soft drinks, dairy products, cereals, and others is projected to drive spray adhesives market demand in this vertical.
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In addition to the packaging sector, spray adhesives are also well suited for applications in the transportation industry. The unique composition of the product to offer various advantages such as 100% resistance to delamination, high temperature resistance, etc. are some of the pivotal factors driving spray adhesives market demand in this vertical.
Asia Pacific spray adhesives market is projected to witness a plethora of revenue opportunities in the coming years. Economic upturn in the region along with government initiatives to enable infrastructure development are driving spray adhesives market trends. The region is demonstrating vigorous activities in terms of construction and infrastructure development, especially in countries such as China, India, and Japan. The aforesaid can be evidenced by China’s recent enactment of a policy supporting infrastructure investments in the country. The same resulted in a 46% hike in construction output in recent years. Similarly, the Japan government initiated a package to increase capital expenditure and public works. Such investments towards infrastructure development is anticipated to positively impact APAC spray adhesives market demand.
Spray adhesives market encompasses water-based, hot melt and solvent based technologies. Among them, the hot melt and water-based spray adhesive technologies have been gaining remarkable traction in recent years due to their desirable environmental credentials. Growing awareness pertaining to applicability of solvent based technology in consumer products and environmental regulations have resulted in increasing substitution of solvent-based technology by water-based technology in end use applications. Water-based technology causes less VOC emissions and are relatively cost effective.
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Additionally, water-based spray adhesives are safer and form stronger bonds as compared to solvent-based adhesives. For the record, solvent based technology held just 7% of the global share in 2018.
Rapid expansion of construction industry coupled with growing investment in infrastructure development are expected to drive spray adhesives market share over 2019-2025. Moreover, growing application in end user industries like automotive and transportation, due to high heat resistance, will also boost spray adhesives industry size.
Spray adhesives is a low viscosity glue that is generally contained in an aerosol can and dispensed in micro-droplet form. Several types of spray adhesives are available to cater to different requirements. degrees of adhesion of spray adhesives vary, which is an important factor to consider while choosing one for the requirement.
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