Market Research Report
Global Spray Adhesive Market Share - Segmented by Type, Resin Type, End-User Industry and Geography - Growth, Trends, and Forecast (2018 - 2023)
|Published by||Mordor Intelligence LLP||Product code||704744|
|Published||Content info||141 Pages
Delivery time: 2-3 business days
|Global Spray Adhesive Market Share - Segmented by Type, Resin Type, End-User Industry and Geography - Growth, Trends, and Forecast (2018 - 2023)|
|Published: July 1, 2018||Content info: 141 Pages||
The spray adhesive market is estimated to witness a moderate growth during the forecast period, 2018-2023. North America is expected to be the largest market for spray adhesive during the forecast period, whereas Asia-Pacific is expected to have the fastest growth owing to rising demand from end-user industries.
Increasing Demand from Automotive Sector to Drive the Market
Spray adhesives are required for a variety of applications in the automotive sector. These adhesives are majorly used in the interior trim application of vehicles and aircrafts. Spray adhesives help in bonding foam, fabric, fiberglass, leather and other materials to the body of the vehicle. With the rapid increase in demand for automotive vehicles, the total production levels have increased. This in turn is driving the market for spray adhesive to a great extent.
Water Based Spray Adhesives to Witness Fast Growth
Water based spray adhesives are expected to have the largest share along with it having the fastest growth during the forecast period. Water based adhesives are majorly used on wood, leather paper, textiles, and other permeable substrates owing to their bonding characteristics. They are mostly suitable for high-speed general product assembly applications. Additionally, water based spray adhesives have a lower VOC content in comparison to solvent borne adhesives. Hence, with the increasing environmental concerns, the demand for water based spray adhesives is expected to increase during the forecast period.
Asia-Pacific Expected to Witness the Fastest Growth in Spray Adhesive Market
Asia-Pacific is expected to witness the fastest growth during the forecast period. This is majorly because of the increasing demand of spray adhesives from end-user industries, including packaging, construction, and the automotive sector in the region. In 2017, the automotive production in India increased by 5.83% and whereas in China the production levels increased by 3.19%. Additionally, rise in investments in the construction sector of India and China are expected to boost the demand for spray adhesive in Asia-Pacific, which in turn is likely to benefit the spray adhesive market during the forecast period.
Spray Adhesive Market Major Players
Avery Dennison Corporation
Henkel AG & Company, KGaA
Reasons to Purchase Spray Adhesive Market Report
Analyzing various perspectives of the market with the help of Porter's five forces analysis
Which resin type is expected to witness the highest demand for spray adhesive
Which region is expected to witness fastest growth during the forecast period
Identify the latest developments, market shares and strategies employed by the major market players
3 months analyst support along with the Market Estimate sheet (In excel).
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