According to the latest report by IMARC Group, titled “Spray Adhesives Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027. offers a comprehensive analysis of the industry, which comprises insights on the spray adhesives market price. The global spray adhesives market reached a value of US$ 3.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 4.3 Billion by 2027, exhibiting at a CAGR of 4.7% during 2022-2027.
Spray adhesives represent multi-functional adherents that are applied to a surface from a pressurized container. They are usually manufactured by using polyurethane, epoxy, synthetic rubber, vinyl acetate-ethylene, etc., and require minimal time for setting and forming bonds. Once applied, the spray adhesives wet the base of the joining surfaces and consistently transfer loads between the surfaces to provide improved ground holding. As compared to the traditionally used tape as well as hot and white glue, they offer enhanced heat and moisture resistance and wider coverage with minimal wastage. Consequently, spray adhesives are extensively utilized in several industries, such as packaging, automotive, transportation, footwear, leather, construction, furniture, etc.
As the novel coronavirus
(COVID-19) crisis takes over the world, we are continuously tracking the
changes in the markets, as well as the industry behaviours of the consumers
globally and our estimates about the latest market trends and forecasts are
being done after considering the impact of this pandemic.
Global Spray Adhesives Market Trends:
The expanding construction industry across countries is primarily driving the spray adhesives market. Additionally, the escalating demand for durable packaging solutions is further catalyzing the market growth. Besides this, the widespread adoption of spray adhesives for bonding glue drywalls, plasters, laminates, fiberglass, ceilings, foams, pipe insulation, roofing membranes, carpet tiles, etc., to the flooring and roofing of the buildings is acting as another significant growth-inducing factor. Moreover, they are utilized for bonding foam, fabric, fiberglass, leather, and other materials to the body of the vehicle, which is positively influencing the global market. Apart from this, continuous product innovations, such as the development of spray adhesives with low volatile organic compound (VOC) content, are also propelling the market growth. Furthermore, extensive investments in R&D activities to manufacture environment- and skin-friendly variants are anticipated to fuel the spray adhesives market over the forecasted period.
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Global Spray Adhesives Market 2022-2027 Analysis and Segmentation:
Competitive
Landscape:
The competitive landscape
of the market has been studied in the report with the detailed profiles of the
key players operating in the market.
3M Company, AFT Industries, Ashland, BASF
SE, Bostik SA (Arkema S.A.), Gemini Adhesives Ltd., H.B. Fuller Company, Henkel
AG & Co. KGaA, Phillips MFG, Sika AG, Spray-Lock Inc and The Kroger Co.
The report has segmented
the market on the basis on region, disc type, material type and end user.
Breakup
by Type:
·
Solvent-based
·
Water-based
·
Hot Melt
Breakup
by Resin Type:
·
Epoxy
·
Polyurethane
·
Synthetic Rubber
·
Vinyl Acetate Ethylene
Breakup
by End Use Industry:
·
Building and Construction
·
Packaging
·
Furniture
·
Transportation
·
Textile
·
Others
Breakup
by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
·
Middle
East and Africa
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Key
highlights of the report:
- Market Performance
(2016-2021)
- Market Outlook (2022-
2027)
- Porter’s Five Forces
Analysis
- Market Drivers and
Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping
of the Competitive Landscape
If you need specific
information that is not currently within the scope of the report, we can
provide it to you as a part of the customization.
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and secondary data (2022-2027) with Cost Module, Business Strategy,
Distribution Channel, etc. Click request free sample report, published report
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