Overview of the global spray adhesives market
According to Technavio’s research analysis, the rising investment in infrastructure development will be one of the major factors that will have a positive impact on the global spray adhesives market during the forecast period. Developing countries have witnessed a growth in the construction activities and the governments in these regions have attracted high investments in the residential home due to the rapid urbanization. With the rise in infrastructure projects, the demand for spray adhesives will consequently increase in the coming years. Our market research analysts have predicted that this market will grow at a CAGR of close to 6% by 2022.
The rising usage of adhesives in medical devices is one of the key trends that will contribute to the market’s growth in the forthcoming years. The application of innovative adhesive technologies is rising in the reusable medical devices industry. Medical adhesives such as epoxy, silicones, polysulfide are increasingly used in medical applications.
Segmentation by technology and analysis of the spray adhesives market
- Water-borne
- Solvent-borne
- Hotmelt
The water borne segment accounted for the maximum share of the spray adhesives market during 2017. This spray adhesives market segment will continue to account for the major share of this market during the forecast period and this will mainly attribute to the increasing regulations pertaining to the VOC content in adhesives and the increase in R&D activities.
Geographical segmentation and analysis of the spray adhesives market
- APAC
- Europe
- North America
- ROW
This market study estimates that in terms of geographic regions, APAC will be the major revenue contributor to the spray adhesives market throughout the forecast period. One of the major factors that will fuel the growth of the market in this region, is the increased usage of spray adhesives in several industries.
Companies covered
Owing to the presence of a number of players, the spray adhesives market appears to be fragmented and is quite competitive. This market research report provides comprehensive information about the market’s competitive landscape. Additionally, the report also suggests strategies that the vendors should follow to gain a competitive advantage over the other players.
The report covers an analysis of the companies in this industry including -
- ARKEMA
- AVERY DENNISON
- H.B. Fuller
- Henkel
- 3M
- Sika
Key questions answered in the report include
- What will the market size and the growth rate be in 2022?
- What are the key factors driving the global spray adhesives market?
- What are the key market trends impacting the growth of the global spray adhesives market?
- What are the challenges to market growth?
- Who are the key vendors in the global spray adhesives market?
- What are the market opportunities and threats faced by the vendors in the global spray adhesives market?
- Trending factors influencing the market shares of APAC, Europe, North America, and ROW.
- What are the key outcomes of the five forces analysis of the global spray adhesives market?
Technavio also offers customization on reports based on specific client requirement.