Global Spray Adhesives Market Overview:
Spray Adhesive refers to multipurpose spray which is formulated for craft, home and office use. This is created and designed in various colours, mechanism, sizes and shapes and may be widely used for a variety of purpose. The increasing environmental concerns and demand for water-based spray adhesives are expected to grow significantly in the forecasted period. Some of the key players profiled in the study are 3M (United States), AFT Aerosols (United Kingdom), Avery Dennison Corporation (United States), Bostik (France), Gemini Adhesives (United Kingdom), H.B. Fuller (United States), Henkel (Germany), Illinois Tool Works (United States), Kissel+Wolf GmbH (Germany), ND Industries (United States), Philips Manufacturing Co. (United States), UniSeal, Inc. (United States), Ashland, Inc. (United States) and Beardow Adams(United Kingdom). According to Market Analyst at AMA, the Global Spray Adhesives market may see a growth rate of 4.32% and would reach the market size of USD3.41 Billion by 2022.
On the basis of geography, the market of Spray Adhesives has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Asia Pacific region held largest market share in the year 2018. North America on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by Chemistry, the sub-segment i.e. Epoxy will boost the Spray Adhesives market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-Use Industry , the sub-segment i.e. Transportation will boost the Spray Adhesives market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel , the sub-segment i.e. Online will boost the Spray Adhesives market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Rise in Penetration of Spray Adhesives in End-Use Industries
- Rise in Infrastructure Projects and Growing Investment
- Growing Automotive and Packaging Industries
- Investment in R&D Activities For Innovation and Scope of Improvement
- Stringent Rules and Regulation Involved in Labelling and Packaging
- Change Prices of Raw Material
- Rise in Demand for Low-VOC and Eco-Friendly Adhesives
- Meeting Environmental Standards
In November 2017, Bostik SA which develops and manufactures adhesives acquired US-based Company XL Brands. The acquisition helped Bostik to become one of the leaders in floor covering adhesives in the US.
Target Audience:Spray Adhesive Manufacturers, Dealer And Supplier, Traders And Distributors Of Spray Adhesive, Adhesive Service Provider, Production Process Industries, Potential Investors, Raw Material Suppliers, Nationalized Laboratory and Others
Major Objectives Focused through this Study To define, describe, and forecast the Global Spray Adhesives market on the basis of product [Water Based, Solvent Based and Hot Melts] , application , key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Spray Adhesives market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Spray Adhesives industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Vendors which are also part of the research are Quin Global (Australia), Eastman Chemical Company (United States), BASF SE (Germany), Sika AG (Switzerland), Spray-Lock Inc. (United States) and Westech Aerosol Corporation (United States).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Spray Adhesives market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.