Growing application across the construction and transportation industries is driving spray adhesives market size. The key benefit of spray adhesives is the convenience of application which speeds up the jobs and thereby improves the overall efficiency. Each type of spray adhesive has its own set of distinct characteristics which ensures high quality despite the task variations.The increasing demand from the furniture industry owing to the property of spray adhesives to bind a wide number of substrates will also propel market demand. Spray adhesives market outlook is currently driven by a number of significant trends, mainly pertaining to the robust application landscape that this industry boasts of.Robust urbanization trends to augment spray adhesives market size from construction sector:
The rapid growth of construction industry is attributed to the improving standard of living and increased migrations from rural to urban areas. As the construction industry continues to expand, innovative technologies like heavy duty construction adhesives will come into play. Spray adhesives find several applications across the construction industry across insulation, flooring, walls, roofs, doors & windows, etc.
High strength spray adhesives can hold extreme temperatures and are used to replace nails and machinal fasteners spray which simplify the workflow with very little or no training required for the laborers. Newly developed spray adhesives not only improve the sustainability of the construction products but also optimize the processes by the faster curing times.
For instance, Sika has come up with a new innovative spray-applied insulation adhesive which reduces the installation times by up to 20 per cent. The high foaming adhesive is suitable for both refurbishment and new build projects which strongly binds the insulation boards and the substrate, within a very less time enabling rapid project completion.
In this context, it is also pivotal to mention that the Asia Pacific region is expected to hold a substantial proportion of the market share due to rapid urbanization and industrial development. The growing construction activities across countries including China and India will also positively impact market growth.
Expansion of transportation sector to add impetus to spray adhesives industry outlook:
Considerable growth in global transportation sector will be a primary driver for spray adhesives industry size expansion. The transportation industry serves as the backbone for a country’s economy – seamless transportation functioning can be credited majorly for a nation’s rising economic growth. accounts for a majority of the transportation systems. For instance, the U.S transportation industry represents over 8% GDP in the country’s economy.
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Spray adhesives are majorly used for various manufacturing and maintenance activities of aircrafts, automobiles, rails, etc. Their characteristics like durable bond strength which resists vibrations and provides chemical & thermal resistance will foster the product demand. Automotive adhesives are now widely used for replacing the conventional methods of joining parts, such as welding, riveting, or screwing, which speeds up the assembly line.
Besides the curing time, the bond strength is a central constraint for any robust adhesive. The ongoing R&Ds in line with the technological advancements in adhesive science will lead to the manufacturing of enhanced adhesive products in the years to come.
For instance, Delo, a manufacturer of industrial adhesives just broke the world record for the heaviest lift using an adhesive material. A crane lifted a 17.5-ton truck on a bonded aluminum cylinder creating world record, beating the previous of 16.3 tons. Such achievements by leading market contenders will augment the spray adhesives industry outlook.
The increase in number of car ownerships due to rise in per capita income is also expected to fuel product demand from the transportation end-user segment. As the transportation infrastructure undergoes a massive overhaul, global spray adhesives market will achieve significant gains in the years ahead.
Rising demand for aesthetic furniture to drive the industry trends over the forecast period:
The booming furniture industry is going through a transition currently owing to changing consumer preferences which creates a necessity of advanced adhesives. Polyurethane spray adhesives are highly preferred for manufacturing diverse furniture products. The improvement in consumer lifestyle has propelled intense demand for modular and attractive furniture which includes wide range of materials such as wood, laminates, iron, leather, and many other upholstery materials.
Appealing furniture designs enhance the aesthetics of an office or a house, and consequently, the rise in sales of commercial and residential properties will in turn fuel demand for new furniture. The furniture sector in UK specially witnessed an annual growth rate of +8% in 2018, which represents a positive future for the industry. According to the Furniture Industry Research Association, total consumer spending on furniture increased by +24% between 2012 and 2016.
Leveraging the widespread application spectrum, spray adhesives market size is driven by the growing product demand across the globe. A sudden surge in the construction and automotive industries will also positively impact the market share. According to a research report by Global Market Insights, Inc., spray adhesives market size is anticipated to exceed USD 9 billion by 2025.
Author Name : Amol Kothekar