Spray Adhesive: Rising Demand from Paper & Packaging as well as Automotive Industries will boost the growth of the Global Market

Pune, India, September 19, 2017 /MRFR Press Release/- Market Research Future published a Half Cooked Research Report on Global Spray Adhesive Market.

Spray Adhesive is an aerosol which is used to adhere various kind of substrates. These adhesives are easier to apply without dirtying or messing up the surface of application. Spraying ensures easier & faster application, quicker drying, and less fumes while application. Other advantage include easy portability, ease of application, and ability to reposition. Moreover, they minimize overspray and helps clean up. With the aforementioned reasons they are widely utilized as numerous applications in automotive, leather & footwear, paper & packaging, building & construction, and others.

Some of the prominent factors that positively influence the growth of the Spray Adhesive Market are rising disposable income, constant urbanization, and improved living standards. Additionally, increasing automotive sales in the developed as well as developing regions along with the demand for fuel efficient vehicles is estimated to accelerate the market growth over the forecast period. Moreover, speedy growth in construction sector is predicted to fuel the market growth over the forecast period. These are widely used in woodworking application, innovations in furniture & décor coupled with the increasing demand for aesthetic furniture is expected to propel the demand for Spray Adhesive during the review period.

Competitive Analysis:

The major players operating in the Spray Adhesive Market include 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.).

Market Segmentation:

The Global Spray Adhesive Market is segmented on the basis of technology, chemistry, application, and region. Based on technology, Spray Adhesive Market is segmented into water, solvent, hot melt, and others. Based on chemistry, the market is segmented into epoxy, polyurethane, synthetic rubber, vinyl acetate ethylene, and others. Among these, polyurethane and epoxy based spray adhesives hold the largest market share on account of their wide utilization in various application. Furthermore, polyurethane based Spray Adhesives offer excellent adhesion for a wide range of substrates such as plastic, wood, and glass due to their superior elasticity and other structural properties. Polyurethane based Spray Adhesives prevent separation or widening of cracks caused in wooden cabinets due to climate change. Other chemistry include polyvinyl acetate, polyacrylic ester, polyamide, and cyanoacrylate. Based on application, the market is segmented into paper & packaging, building & construction, automotive, leather & footwear, wood working, and others. Other application include foils, plastics, foam, and carpets. Building & construction hold the largest market share followed by woodworking and paper & packaging. Spray Adhesives are used for a wide range of building material substrates such as drywalls, fiberglass, insulation of pipes, roofing membrane system, and installation of carpet tiles. 

Regional Analysis:

Asia Pacific is estimated to be the largest market for Spray Adhesive followed by North America and Europe on account of increasing paper & packaging, building & construction, automotive and others. Developing countries such as India, China, and Vietnam are the fastest growing markets for spray adhesive, and is predicted to grow with the same pace in near future. Low plant set up cost, high economic growth rate and competitive manufacturing costs are also the prominent factors boosting the growth of Spray Adhesive Market in Asia Pacific region.

North America Spray Adhesive Market is predicted to witness a significant growth with U.S, being the major contributor due to the presence of stringent regulations and the major market players which govern the industry dynamics of spray adhesive over the assessment period. Europe is estimated to witness a moderate growth over the forecast period due to increasing demand from paper & packaging industry. Moreover, industry growth in countries like UK, Spain, Germany, and Russia are predicted to contribute towards regional industry growth.

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