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Spray Adhesive Market Witness CAGR Of 5% Over 2031, Finds Fact.MR Report
According to latest research by Fact.MR, spray adhesive market is set to witness steady growth during 2021-2031. Demand for spray adhesive will witness growth in coming years, owing to increase in automobile industries in developing countries globallyWhat is Driving Demand for Spray Adhesive?
Evolving end-user demand for quick fix adhesive and heat & moisture resistant adhesive for products including plywood sheets, mirror, pipe insulation and roofing membranes, etc. continues to drive the demand for spray adhesive.
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Who are the Key Manufacturers and Suppliers of Spray Adhesive?
Some of the leading manufacturers and suppliers of spray adhesive
Gemini Adhesives Ltd.
AFT Aerosols
Phillips Manufacturing
3M Company
Henkel AG & Co. KGaA
H.B Fuller
AVERY DENNISON CORPORATION.
BASF SE
Bostik S.A.
ND Industries Inc.
UniSeal, Inc.
Ashland Inc.
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Asia Pacific Spray Adhesive Market Outlook
Asia Pacific is the leading market for spray adhesives globally. Asia Pacific accounts for more than 45% share of the global spray adhesive market.
The demand in Asia Pacific is expected to grow at a rapid pace in the forecasted period (2021 – 2031), as the number of activities is increasing in end use industry.
China and India dominate the market of spray adhesive in Asia Pacific. The growing construction industries in India and China has been triggering the market growth of spray adhesives.
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Europe Demand Outlook for Spray Adhesive
Europe holds the second largest share of spray adhesive market followed by North America. United Kingdom, Russia, France and Germany dominate the European market of spray adhesives, as most of the big players of the automobile and aviation industry come from these countries.
Covid-19 Affected the Global Sales of Spray Adhesive
Covid-19 has badly affected the market of spray adhesive, as most of the industries were put on hold including the construction and aviation industry to avoid the spread of the virus.
This has impacted the market growth of spray adhesive as construction and aviation industries play a vital role in the spray adhesive market.
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Key Segments
Based on product type, spray adhesive market segmented into:
Water based
Solvent based
Hot Melts
Others
Based on application, spray adhesive market segmented into:
Tanks / Vessels
Pipe and fittings
Cars
Electronic circuits
Rubber tires and wheels
Wall Finishing
Flooring work
Ceiling work
Others
Based on end user, spray adhesive market segmented into:
Residential
Commercial
Automobile Industry
Manufacturing
Others
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Spray Adhesive Market Report Highlights
Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
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