Global Spray Adhesives Market Report 2017-2022 - A $3.4 Billion Opportunity - ResearchAndMarkets.com

The "Spray Adhesives Market by Chemistry (Epoxy, Polyurethane, Synthetic Rubber, Vinyl Acetate Ethylene), Type (Solvent-Based, Water-Based, Hot Melt), End-Use Industry (Transportation, Construction, Furniture), and Region - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.

The spray adhesives market size is projected to reach USD 3.41 Billion by 2022 from the estimated USD 2.72 Billion in 2017, at a CAGR of 4.6%.

Spray adhesives are used in transportation, construction, and furniture industries. In the transportation industry, they are used in interior development and upholstery applications in vehicles, aircrafts, and ships. In the construction industry, spray adhesives are majorly used in flooring and roofing applications. Spray adhesives are also used in packaging, textile, and arts & crafts.

The rising demand for spray adhesives from transportation, construction, furniture, and packaging industries is driving the spray adhesives market, globally. Asia-Pacific is projected to be the fastest-growing market for spray adhesives during the forecast period, followed by the Middle East & Africa and North America. The markets in developing economies such as China and India are experiencing high growth due to increasing purchasing power of middle class and growing urbanization. The spray adhesives market in India is projected to witness the highest CAGR during the forecast period.

Companies operating in the spray adhesives market are investing to increase their product portfolios, along with improvements in distribution networks. They have adopted strategies such as mergers & acquisitions, new product developments, and expansions to cater to the increasing demand for spray adhesives from different regions.

In 2017, Bostik SA acquired US-based company XL Brands, which manufactures adhesives for resilient and soft flooring. This acquisition will help Bostik to become one of the leaders in floor covering adhesives in the US. In the same year, Bostik opened a new production facility in India to meet the growing demand for hot melt pressure-sensitive adhesives (HMPSA) in the country. Sika AG introduced two products in the spray adhesives segment in 2015.

Market Dynamics

Drivers

  • Increasing Penetration of Spray Adhesives in End-Use Industries
  • Rapid Growth of Key End-Use Industries in APAC

Restraints

  • Volatility of Raw Material Prices

Opportunities

  • Growing Demand for Low-Voc and Eco-Friendly Adhesives

Challenges

  • Meeting Environment Standards While Maintaining Performance

Companies Mentioned

  • 3M
  • AFT Aerosols
  • Avery Dennison Corporation
  • Bostik
  • Gemini Adhesives
  • H.B. Fuller
  • Henkel
  • Illinois Tool Works
  • Kissel+Wolf GmbH
  • ND Industries
  • Philips Manufacturing Co.
  • Quin Global
  • Sika AG
  • Spray-Lock Inc.
  • Westech Aerosol Corporation

For more information about this report visit https://www.researchandmarkets.com/research/26crdd/global_spray?w=4