Spray Adhesives Market is expected to reach $3.6 Bn by 2025 | Henkel, 3M, B. Fuller, Avery Dennison Corporation, Bostik and others

Spray adhesive are the type of glue which has fast drying property and are widely used to cover larger areas. An adhesive, otherwise called as stick, concrete, or glue, is any substance connected to one or two surfaces, of two separate things that ties them together and opposes their partition. Descriptors might be utilized as a part of conjunction with “adhesive” to portray properties in view of the substance’s physical or synthetic shape, the kind of materials joined, or conditions under which it is connected. The water-based emulsion systems are suitable for high-speed general product assembly applications. Owing to its wet bonding characteristics, they are widely used on wood, leather paper, textiles and other permeable substrates. According to Statista, the 3M Company, which is an American MNC company dealing with advanced technology, bagged the second position in the market with net sales of nearly about USD 32 billion. These factors, thus, affect the growth of this market.

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Market Analysis:
The Global Spray Adhesives Market is expected to reach USD 3.6 billion by 2025, from USD 2.75 billion in 2017 growing at a CAGR of 4.7% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic year 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.

Key Market Competitors:

•Henkel
•3M
•B. Fuller
•Avery Dennison Corporation
•Bostik
•ND Industries
•Sika AG
•Illinois Tool Works
•Quin Global
•Kissel Wolf GmbH
•Gemini Adhesives
•AFT Aerosols
•Spray-Lock Inc.
•Philips Manufacturing Co.
•Westech Aerosol Corporation
•BASF SE
•Bostik S.A.
•ND Industries Inc.
•Uniseal Inc
•Ashland, Inc.
•Eastman Chemical Company among others

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Market Drivers & Restraints:
•Increasing penetration of spray adhesives in end-user industries
•Rapid growth of key end-use industries in Asia Pacific
•Growing demand for low-voc and eco-friendly adhesives
•Volatility of raw material prices
•Meeting environment standards while maintaining performance

Segmentation:

By Chemistry
•Epoxy
•Polyurethane
•Synthetic Rubber
•Vinyl Acetate Ethylene

By Type
•Solvent-Based
•Water-Based
•Hot Melt

By End-User Industry
•Transportation
•Construction
•Furniture
•Other

By Geography
•Asia Pacific
•North America
•Europe
•South America
•Middle East & Africa

Competitive Landscape:
The global spray adhesives market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of spray adhesives market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Henkel acquired Darex packaging technologies from GCP applied technologies, high-performance sealants and coatings

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