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.
According to AMA, the market for Spray Adhesives is expected to register a CAGR of 4.32% during the forecast period to 2026. This growth is primarily driven by Rise in Penetration of Spray Adhesives in End-Use Industries, Rise in Infrastructure Projects and Growing Investment and Growing Automotive and Packaging Industries.
Globally, a noticeable market trend is evident Investment in R&D Activities For Innovation and Scope of Improvement. The Chemicals sector in the Asia Pacific region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as 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) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
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.
- 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
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Spray Adhesives Study Sheds Light on
The Spray Adhesives Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Spray Adhesives industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Spray Adhesives industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.