Over the forecast period of 2022-2030, the Global Spray Adhesive Market is expected to expand at a moderate CAGR. The spray adhesive market is expected to rise in response to rising demand from the expanding construction sector. Furthermore, growing investment in the building and construction sector, as well as the expansion of the packaging industry in developing regions, are expected to propel the market forward. The understanding of the dangers of volatile organic compounds is expected to reduce the use of solvent-based spray adhesives, while increasing the use of hot melt and water-based adhesives. Growing use of spray adhesives in the automotive industry to fix hoardings and other interior accessories is expected to drive market demand over the forecast period. These are often used in the production of a variety of furniture. Furthermore, during the assessment period, the expansion of the woodworking industry in developed economies is expected to propel market growth. Spray Adhesive's growing use in packaging materials like tapes, envelopes, and labels is expected to drive market development. Spray adhesive will see increased use due to its excellent properties such as fast track, solid bond, and excellent durability at higher temperatures, which will drive demand growth during the forecast period.
Competitive Leaderboard:
Some of the prominent players operating in the Global Spray Adhesive Market are Gemini Adhesives Ltd. (U.K), AFT Aerosols (U.K.), Phillips Manufacturing (U.S.), 3M (U.S.), Henkel AG Co. KGaA (Germany), H.B.Fuller (U.S.), AVERY DENNISON CORPORATION. (U.S.), BASF SE (Germany), Bostik S.A. (France), ND Industries, Inc. (U.S.), UniSeal, Inc. (U.S.), Ashland, Inc. (U.S.), Beardow Adams (U.K), Sika AG (Switzerland), Eastman Chemical Company(U.S.).
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Market Segmentation:
The Global Spray Adhesive Market is fragmented on the basis of technology, chemistry, application, and region. On the basis of technology, spray adhesive market is segmented into water, solvent, hot- melt, and others. On the basis of chemistry, the market is segmented into epoxy, polyurethane, synthetic rubber, vinyl acetate ethylene, and others. On the basis of application, the market is segmented into paper packaging, building construction, automotive, leather footwear, wood working, and others.
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Regional Analysis:
The Global Spray Adhesive Market is segmented into five regions namely - Asia Pacific, Europe, Latin America, North America, and the Middle East Africa.
Due to increased demand from various applications such as building construction, automotive, and paper packaging, Asia Pacific is expected to rise at the fastest CAGR during the review period. Because of rising vehicle production and sales, demand for spray adhesive is expected to rise in emerging economies such as India, China, and Vietnam. Furthermore, the relatively low cost of labor, the ease with which raw materials are readily available, and the use of new production strategies to meet the demand for Spray Adhesives as a result of their expanding applications are all important factors in the regional market's growth.
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