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Spray Adhesives Market Size to be Driven by Expansion USD 6.38 billion, Global Growth, Consumer Demand, Recent Trends, Business Strategies and Forecast to 2029
Spray Adhesives Market Overview:The spray adhesive market is expected to expand as the construction industry expands. In addition, rising investment in the building and construction sectors, as well as the expansion of the packaging industry in developing regions, are expected to drive market growth. As the general public becomes more aware of the dangers of volatile organic compounds, the use of solvent-based spray adhesives is likely to decline, while the use of hot melt and water-based products will increase.
The global Spray Adhesives market size was valued at USD 3.22 billion in 2020 and is projected to reach USD 6.38 billion by 2029, growing at a CAGR 4.78% during the forecast period 2022-2029.
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Spray Adhesives Market Key Players
The study of the growth of the top market player for in the target sector includes new projects with speculative returns, innovations and study of the accessibility of companies. some of the profiled players are Bostik SA, H.B. Fuller, Henkel, Illinois Tool Works, Kissel+ Wolf GmbH, Quin Global, Sika AG, and 3M. and Others
Partnerships, Collaborations and Agreements
On February 2021, Henkel Corporation and FREEDM Systems Engineering Research Center announced a new partnership agreement designed to study the impact of materials technology on power electronics applications.
On June 2021, H.B. Fuller announced a distribution agreement with Jubilant Agri and Consumer Products Ltd., a 100% subsidiary of Jubilant Industries, to address the growing demand for adhesive applications in the B2B woodworking segment. JACPL will now serve as a national channel partner of H.B. Fuller
On July 2021, H.B. Fuller, a global adhesives provider, has announced a strategic partnership with Covestro, one of the world's largest polymer suppliers, to deliver an adhesive that the companies say has a reduced climate impact on the woodworking, composites, textiles, and automotive industries.
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Spray Adhesives Market Segmentation:
Spray Adhesives Market By Type, 2022-2029, (USD Million, Kilotons)
Solvent Based
Water Based
Hot Melt
Spray Adhesives Market By Chemistry, 2022-2029, (USD Million, Kilotons)
Epoxy
Polyeurethane
Synthetic Rubber
Vinyl Acetate Ethylene
Spray Adhesives Market By End Use, 2022-2029, (Usd Million, Kilotons)
Transportation
Construction
Furniture
Others
Growth Factors:
Increasing demand from the Spray Adhesives industries
The growing use of Spray Adhesives in Chemical and Material Sectors.
Rising demand for products
Technological advancements in production processes
Growing applications in Spray Adhesives Market
Spray Adhesives Market Regional Analysis
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Fiberglass Storage Tank (Fiberglass Tank) Professional in these regions, from 2022-2029, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Key Spray Adhesives Market Trends
- The report identifies, determines, and forecasts the Global Spray Adhesives Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Spray Adhesives Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is expected to drive the Growth
- Rising Adoption of Market Segments in the Spray Adhesives Growth
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Spray Adhesives Market.
Frequently Asked Questions
What is the study period of this market?
What is the growth rate of Spray Adhesive Market?
Which region has highest growth rate in Spray Adhesive Market?
Which region has largest share in Spray Adhesive Market?
Who are the key players in Spray Adhesive Market?
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