Global Spray Adhesives Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2027

MarketResearch.biz delivers in-depth insights on the global spray adhesives market in its upcoming report titled, “Global Spray Adhesives Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2027”. The global spray adhesives market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global spray adhesives market report has been segmented on the basis of technology, application, and region.

This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.

Spray adhesives are used in the form of droplets and are broadly replacing white glue and tape glue. This is due to properties of spray adhesives such as quick application, forceful track for a robust bond, and heat and moisture resistance. Spray adhesives contain volatile organic compounds (VOCs), which are radiated in various applications. Spray adhesives are used as a part of manufacturing process in automotive and furniture industries. In automotive industry, they are used as a part of upholstery and interiors applications in vehicles, ships, and airships. In construction, these adhesives are majorly used as a part of the ground surface and material applications. Spray adhesives are also used as a part of bundling and artworks & expressions.

Rising demand for spray adhesives products from the automotive and construction industries due to its excellent bonding property is a major factor driving growth of the global spray adhesives market. In addition, rising demand for spray adhesives from furniture industries is another major factor driving growth of the global spray adhesives market. This is because adhesive bonding offers various advantages over other joining methods for wood components. Spray adhesives are utilized in bonding decorative cushions, foams, laminates, and fabrics to wooden parts of furniture.

However, fluctuating raw material prices and health hazards due to emission of VOCs from spray adhesives production process are major factors expected to hamper growth of the global spray adhesives market to a certain extent.

Asia Pacific spray adhesives market is expected to account for significant share in terms of revenue in the global spray adhesives market. Asia Pacific spray adhesives market is also projected to witness fastest growth in terms of revenue over the next 10 years, owing to increasing demand from the automobile, packaging, furniture, and construction industries in countries in the region. China market is expected to account for major share in terms of revenue in the Asia Pacific, whereas the India market is anticipated to register highest CAGR over the forecast period. Rapid growth in urban regions and increasing disposable income of people in this region are major factors fueling growth of construction, automotive, and furniture industries, which in turn is expected to fuel growth of spray adhesives in this region.

Global Spray Adhesives Market Segmentation:

Segmentation by technology:

• Water-Based
• Solvent-Based
• Hot Melts

Segmentation by application:

• Construction
• Furniture
• Packaging
• Automotive & Transportation
• Textile & Leather

Segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa