Spray Adhesive Market Forecasted to Perceive Significant Growth by 2022-2027; Asserts MRFR

Pune, India, January 16, 2018/MRFR Press Release/- Market Research Future published a Half Cooked Research Report on “Global Spray Adhesive Market Research Report - Forecast to 2022-2027”– Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022-2027.

Gemini Adhesives Ltd., AFT Aerosols, Phillips Manufacturing, 3M, Henkel AG & Co. KGaA, H.B.Fuller, AVERY DENNISON CORPORATION, BASF SE, Bostik S.A, ND Industries, Inc., UniSeal, Inc., Ashland, Inc., Beardow Adams, Sika AG, Eastman Chemical Company among others are some of the prominent players at the forefront of competition in the Global Spray Adhesive Market and are profiled in MRFR Analysis. 

Spray Adhesive Market – Overview

Spray Adhesive Market is anticipated to expand market value at a CAGR of 3.20% during the forecast timeframe.2022-2027

Spray Adhesive belongs to a class of adhesive that bond with a variety of substrates of lightweight materials. These are predominantly utilized in numerous applications such as automotive, leather & footwear, building & construction, paper & packaging, woodworking, and others. Spray Adhesive market is estimated to witness robust growth on account of rising demand from building & construction sector and continuous growth of paper & packaging industry across the globe.  Moreover, polyurethane and epoxy together accounted for the largest chemistry segment owing to growing demand from various end use industries owing to their adhesion property over wide range of substrate, with this above mentioned reason the market is estimated to register strong growth in the upcoming future. Furthermore increasing per capita disposable along with improved living standards has resulted in increased demand for fuel efficient vehicles which in turn has increased the automotive production and sales in emerging economies. This aforementioned factor is likely to propel the growth of the market.

Geographically, Asia Pacific emerged as the largest market for spray Adhesive in 2016 and is estimated to retain its dominance over the assessment years on account of rising demand from building & construction, automotive, and paper & packaging sector. Moreover, the demand for spray adhesive is estimated to surge in numerous countries of Asia Pacific such as China, India, Japan, Vietnam, Malaysia, Thailand, Taiwan, and South Korea due to increasing construction activities as well as high adoption rate from building and construction industry.  Furthermore, economic growth in this region along with rapid urbanization has resulted in the raised production and sales of light weight passenger cars and vehicles, which is further likely to raise the demand for spray adhesive over the estimated years. Moreover, huge investment by big market players in their R&D activities and shifting of spray adhesive manufacturing facilities as well as significantly rising base of numerous end use industries in this region is estimated to drive the spray adhesive regional market growth. North American market is predicted to witness steady growth on account of increasing demand paper & packaging sector. North American market is further bifurcated into U.S. and Canada which are among the major contributor in the regional market growth owing to strong growth of woodworking and paper & packaging sector. European market is estimated to witness moderate growth due to increasing awareness regarding the benefits associated with the product as well as growing consumption in automotive industry. Furthermore, emerging countries of the Middle East & Africa and Latin America such as Turkey, Oman, Saudi Arabia, the United Arab Emirates, Brazil, Guatemala, and Mexico are predicted to witness significant growth owing to rising per capita disposable income along with strong consumer base for building & construction industry.

Industry/ Innovation/ Related News:

April 2017- 3M Company announced, they have reported their low VOC spray adhesives are below the current VOC demand and currently available to the market. Company’s GREENGUARD certified and CARB compliant of spray adhesives comprises of 3M Super 77 CA, 3M Hi strength 90 CA, and 3M foam fast 74 CA. Company’s new product line will be able to provide users the convenience, ease of use and portability of spray adhesives to reduce the environment impact. With this strategic move the company strengthen its position among the low VOC enable spray adhesive suppliers.

April 2015- Dayton Superior Corporation announced to launch its GluDown spray adhesive system. In this product development, Dayton Superior has collaborated with Adhesives Plus Inc. to enhance their product portfolio.

Competitive Landscape

The Spray Adhesive report has analysed the level of competition among the key operating players as well as sector growth and market scenario. The global Spray Adhesive market comprises of various manufacturers operating in the market which comprised of large scale and medium size manufacturers. Some of the prominent market players operating in the global spray adhesive industry has shifted their focus towards growth association specifically by Asia Pacific as moderate level and small scale manufacturers are from this region specifically from China, Singapore, South Korea, India, Indonesia, Thailand, Taiwan, Malaysia, Australia, and Japan. Apart from this, the major operating players are focusing on improving their product portfolio by strategic acquisition and mergers, joint ventures, product launches, and exclusive agreements. Many key players are escalating their manufacturing capacity of spray adhesive to meet the growing demand for spray adhesive. Moreover, some of the manufacturers has launched a series of product to solidify their position in the market.

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