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Growing investment in infrastructure construction to boost spray adhesives market outlook

Author : Ravi Chawat | Published Date : 2021-01-25 

Spray adhesives are extensively used in building and construction activity, owing to various advantages including more efficient usage of material to save cost, weight, and volume, improved performance by development of more rigid joints to foster full strength of materials and opportunity to pre-assemble building components to save time and onsite labor cost.According to estimates, the global spray adhesives market size could surpass USD 9 billion in total annual remuneration through 2025.

As adhesive technology advances, new adhesives continue to be developed at a faster pace. This will lead to new opportunities for fabricating improved composites in building and construction industry. Compared to all other segments, building & construction accounts for a major share in spray adhesives market and generated revenue of over $1.8 billion in 2018. Expanding building and construction industry owing to growing investments and demand from emerging economies is estimated to drive spray adhesives market outlook during the forecast period.

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Growing usage of epoxy and polyurethane based adhesives to add substantially to spray adhesives market share

Epoxy and polyurethane adhesives are the two major types of resins used in production process of spray adhesives and account for approximately 40% and 25% respectively in the global spray adhesives industry share.

Epoxies are designed for high-performance bonding. They are generally quite hard, durable and sturdy adhesives that bond to many substrates effectively and are resistant to extreme environments.  Epoxy adhesive sprays can exhibit flexibility and clarity as well as speed up process of adhesion. Due to their high cohesive strength, they have an excellent gap filling property, and are hence utilized in flooring, wooden, tiles, carpeting etc.

Polyurethane adhesive helps distribute weight over the length of the bond, which effectively extends the life of the bond. They can be customized to suit the requirements of an industry. For instance, automotive industry typically uses polyurethane adhesives to bond windshields and vehicle interiors. Polyurethane adhesive sprays are also used in construction, woodworking, lamination and shoe production.

Rising U.S. government spending on renovating infrastructure to fuel spray adhesives market

The United States is undergoing an era of repair and replacement, which is influencing many investments for future. The U.S. is spending much more money to renovate its already existing infrastructure systems instead of getting into new construction activities. Since 2007, spending on maintenance and operations jumped from $243.3 billion to $266.5 billion. In turn, maintenance and operations now accounts for 60.5% of all U.S. public infrastructure spending.

Moreover, millennials are rapidly becoming homeowners and are spending more on renovations. According to a survey, homeowners who renovated in 2017, spent an average of $60,400, as compared to $59,800, which was an average in 2015. Owing to greater renovation spending in the U.S., spray adhesives market is anticipated to gain significant traction. North America is a major contributor, accounting for a share of over 20% in the global spray adhesives market share.

Spray adhesives market size is gaining traction owing to increased application in end-user industries coupled with expansion of infrastructure and construction activities worldwide. 

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About Author

Ravi Chawat

Ravi Chawat

Ravi Chawat holds a bachelor's degree in Electronics and Telecommunication Engineering. He has worked closely with industry specialists from different segments including chemicals, food and beverages, construction and manufacturing & energy and power. Ravi's article concentrates principally on balancing relevant data but never at the expense of making the content engaging. He believes in giving fair-minded information to guide significant business choices. [email protected] | https://twitter.com/RaviChawat

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