Global Spray Adhesives Market, By Chemistry (Epoxy, Polyurethane, Synthetic Rubber, Vinyl Acetate Ethylene), Type (Solvent-Based, Water-Based, Hot Melt), End-User Industry (Transportation, Construction, Furniture), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2025
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.
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Market Definition:
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.
Market Drivers:
• 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
Market Restraints:
• Volatility of raw material prices
• Meeting environment standards while maintaining performance
Competitive Landscape: Global Spray Adhesives Market
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.
Key Insights in the report:
• Historical and current market size and projection up to 2025
• Market trends impacting the growth of the global spray adhesives market
• Analyze and forecast the spray adhesives market on the basis of chemistry, end user, type.
• Trends of key regional and country-level markets for chemistry, end user, type.
• Company profiling of key players which includes business operations, product and services, geographic presence, recent developments and key financial analysis
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