Spray Adhesives Market by Chemistry, Type, End-Use Industry and Region - Global Forecast to 2022

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Spray adhesives market is projected to register a CAGR of 4.6%, in terms of value, between 2017 and 2022.

The spray adhesives market size is expected to reach USD 3.41 billion by 2022 from the estimated USD 2.72 billion in 2017, at a CAGR of 4.6% between 2017 and 2022. Spray adhesives are favored for their advantages such as easy handling, low wastage, and faster application. They are used to bond a variety of substrates, including foam, fabric, metal, wood, and plastics. The growing demand from the automotive, aerospace, construction and furniture industries is projected to drive the market for spray adhesives during the forecast period.

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Major Market Developments:

In November 2017, Bostik acquired US-based Company XL Brands, which manufactures adhesives for resilient and soft flooring. This acquisition will help Bostik to become one of the leaders on the floor covering adhesives in the US.

In October 2017, Bostik opened a new production facility in India to meet the growing demand for hot melt pressure-sensitive adhesives (HMPSA) in the country

In October 2017, H.B. Fuller completed the acquisition of the US-based Royal Adhesives & Sealants. This allowed the company to expand its product offering in engineering, durable assembly, and construction adhesives. Royal Adhesives provides spray adhesives under the brand name, Silaprene

In December 2015, Bostik expanded its production capacities with a HMPSA plant in Monterrey, Mexico. This helped the company to increase its reach in high growth regions and significantly enhanced its ability to serve customers in the disposable hygiene market.

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Target Audience
• Manufacturers, Dealers, and Suppliers of spray adhesives
• Spray adhesives Manufacturing Plant Developers and Related Service Providers
• Adhesive service providers
• Investors

The break-up of primary interviews is given below:
• By Company Type - Tier 1 – 30%, Tier 2 – 43%, and Tier 3 – 27%
• By Designation - C level – 21%, Director level – 23%, and Others – 56%
• By Region - North America – 30%, Europe – 18%, Asia-Pacific– 41%, and RoW- 11%

The key companies operating in the spray adhesives market are Bostik SA (US), H.B. Fuller (US), Henkel (Germany), Kissel+Wolf GmbH (Germany), Quin Global (US), SIKA AG (Switzerland), and 3M (US).

Reasons to Buy the Report:

The report is expected to help the market leaders/new entrants in this market in the following ways:

This report segments the spray adhesives market comprehensively and provides the closest approximations of the sizes for the overall market and its sub segments across different verticals and regions.

The report is expected to help stakeholders understand the pulse of the market and provide them information on key market drivers, such as restraints, challenges, and opportunities, influencing the growth of the spray adhesives market.

This report is expected to help stakeholders understand the major competitors in the spray adhesives market and gain insights to enhance their positions. The competitive landscape section includes detailed information on expansions, acquisitions, and new product developments in the market.

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