San
Francisco, 08 April , Spray Adhesives Market Analysis By Technology
(Water Based, Solvent Based, Hot Melts), By Application (Construction,
Packaging, Furniture, Transportation), By Region, And Segment Forecasts, 2018 –
2025.
The global spray adhesives market is expected to reach USD 8.08 billion
by 2025, growing at a CAGR of 5.5%, according to a new report by Grand View
Research, Inc. Asia Pacific is estimated to depict a high industry growth
during the forecast period. China, and India are the major countries that are
likely to create a positive impact on spray adhesives demand by 2025.
Hot
melts is one of the major product segments of the industry. These products are
consumed in numerous applications owing to their superior performance
attributes. They have good adhesion properties and can be bonded on a wide
number of substrates that include rubbers, metals, glass, ceramics, plastics,
and wood.
Power
Adhesives UK offers Spraytec hot melt spray glues for temperature-sensitive
material applications including plastic foams and films. These products offer a
broad area of adhesion and enhance bond strength especially for weak
substrates.
The
packaging sector is one of the major applications of hot melt spray glues,
wherein the products are incorporated in carton sealing, paperboard carton and
corrugated box assembly and labeling. The 3M Company offers an extensive
product portfolio of hot melt glue products that are characterized by good
shear strength, quick drying rates, and high flexibility.
Robust
automotive industry growth in India is a significant driving factor that is
expected to enhance the product consumption in the next couple of years. Owing
to the ‘Make in India’ initiative, the manufacturing output of commercial and
passenger vehicles is slated to increase in the future. This in turn is
estimated to propel the use of fast dry and high tack glues for use in
automotive interior components over the years ahead.
Access Full Research Report On Spray Adhesives
Market Analysis:
Further key findings from the report suggest:
·
In terms of revenue, the packaging segment is expected to
rise at a CAGR of 5.3% over the forecast period. This application segment
constituted a revenue share of 21.0% in 2016.
·
Technological breakthrough in the field of hot melts and
low VOC waterborne formulations is estimated to offer lucrative growth
prospects in the industry by the end of 2025
·
China is likely to witness high growth in terms of
product demand over the years ahead. Government initiatives in promoting the
international trade of specialty chemicals coupled with increasing
infrastructure activities to boost the demand for building materials including
glues, sealants, and composites.
·
Companies are aiming at achieving optimum business growth
through fully integrating their business operations across the product value
chain. For instance, The Dow Chemical Company is engaged in manufacturing spray
adhesives as well as its raw materials along with its end-products such as
polyurethane foams
·
In January 2017, H.B. Fuller Company acquired the
industrial adhesive business assets of Wisdom Worldwide Adhesives. This
strategic acquisition is expected to strengthen the company’s market position
and benefit it in gaining access of the latter’s application sectors including
product assembly, packaging, and paper processing.
·
In March 2017, Ashland launched two new solvent based
glues named Aroset™ PS-6426 and Aroset™ PS-5333 for pressure sensitive
applications
Browse More Reports Of This Category By
Grand View Research At: https://www.grandviewresearch.com/industry/plastics-polymers-and-resins
Grand
View Research has segmented the global spray adhesives market on the basis of
technology, application, and region:
Product Outlook (Volume, Kilo Tons; Revenue, USD Million,
2014 - 2025)
·
Water based
·
Solvent based
·
Hot Melts
·
Others
Application Outlook (Volume, Kilo Tons; Revenue, USD
Million, 2014 - 2025)
·
Construction
·
Packaging
·
Furniture
·
Automotive & Transportation
·
Textile & Leather
·
Others
Regional Outlook (Volume, Kilo Tons; Revenue, USD
Million, 2014 - 2025)
·
North America
o
U.S.
·
Europe
o
Germany
·
Asia Pacific
o
China
·
Central & South America
o
Brazil
·
Middle East & Africa
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Press Release of this Report: https://www.grandviewresearch.com/press-release/global-spray-adhesives-market
About Grand
View Research
Grand View Research, Inc. is a U.S. based market research
and consulting company, registered in the State of California and headquartered
in San Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For more
information: www.grandviewresearch.com/
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