Spray Adhesive Market report published by Market Research Future with title as “Global Spray Adhesive Market Research Report – Forecast to 2023”– Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.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.
Some of the prominent players operating in the Global Spray Adhesive Market are Gemini Adhesives Ltd. (U.K), AFT Aerosols (U.K.), Phillips Manufacturing (U.S.), 3M (U.S.), Henkel AG & Co. KGaA (Germany), H.B.Fuller (U.S.), AVERY DENNISON CORPORATION. (U.S.), BASF SE (Germany), Bostik S.A. (France), ND Industries, Inc. (U.S.), UniSeal, Inc. (U.S.), Ashland, Inc. (U.S.), Beardow Adams (U.K), Sika AG (Switzerland), Eastman Chemical Company(U.S.).
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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.
Intended Audience
- Spray Adhesive manufacturers
- Traders and Distributors of spray adhesive
- Production Process Industries
- Potential Investors
- Raw Material Suppliers
- Nationalized Laboratory
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.
Some Major Points from TOC
12. Company Profiles
12.1 Gemini Adhesives Ltd.
12.1.1 Company Overview
12.1.2 Product/Business Segment Overview
12.1.3 Financial Updates
12.1.4 Key Developments
12.2 AFT Aerosols
12.2.1 Company Overview
12.2.2 Product/Business Segment Overview
12.2.3 Financial Updates
12.2.4 Key Developments
12.3 Phillips Manufacturing
12.3.1 Company Overview
12.3.2 Product/Business Segment Overview
12.3.3 Financial Updates
12.3.4 Key Developments
12.4 3M
12.4.1 Company Overview
… to be continue….
Regional Analysis:
Asia Pacific has emerged as the largest market for Spray Adhesive followed by North America and Europe. North America is predicted to witness a significant growth in spray adhesive market due to the recovery of industrial sector coupled with escalating investments to revitalize building & construction sector. North American countries such as the U.S, Canada, and Mexico are among the major contributors in the regional spray adhesive market growth and are predicted to see a significant regional growth of market in the upcoming years. While in Europe, countries such as Russia, Spain, Germany, and the U.K have emerged as prominent consumer markets due to developed end use industries and increasing expenditure on R&D and innovation. Latin American countries such as Colombia, Brazil and Argentina are also predicted to witness moderate growth with the involvement of new business models. Additionally, the Middle East & Africa is predicted to witness a steady growth over the forecast period. Rising investment in residential as well as commercial construction sector in Turkey, Qatar, Saudi Arabia and the United Arab Emirates (UAE) is estimated to positively influence industry growth during the review period.
Segmentation:
The Global Spray Adhesive Market is fragmented on the basis of technology, chemistry, application, and region. On the basis of technology, spray adhesive market is segmented into water, solvent, hot- melt, and others. On the basis of chemistry, the market is segmented into epoxy, polyurethane, synthetic rubber, vinyl acetate ethylene, and others. On the basis of application, the market is segmented into paper & packaging, building & construction, automotive, leather & footwear, wood working, and others. On the basis of regions, Spray Adhesive Market is segmented into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.
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