Global Spray Adhesives Market – Segmentation Analysis and Forecast | Technavio

LONDON–(BUSINESS WIRE)–#Research–The global
spray adhesives market is expected to grow at a CAGR of close to
6% from 2018-2022, according to a new market research report by
Technavio.

Global spray adhesives market segmentation by technology and
application

Technavio’s report on the global spray adhesives market analyses the
business dimensions and presents a comprehensive breakdown in terms of
market segmentation by application, including construction, packaging,
furniture, automotive, and textile and leather. As of 2017, close to 28%
of the market share came from construction.

Based on technology, the global spray
adhesives market is segmented into water-borne adhesive,
solvent-borne adhesive, and hotmelt. As projected in 2017, more than 42%
of the market share originated from water-borne adhesive. Water-borne
adhesives use water as a carrier medium to disperse the resin because of
which they can be considered as low VOC adhesives. They are produced
using synthetic polymers such as polyvinyl alcohol, cellulose ethers,
and methylcellulose. It is also produced using natural polymers derived
from vegetable sources such as dextrins and starches.

“The increase in regulations regarding the VOC content in adhesives
is expected to foster the demand for water-borne adhesives due to its
low VOC content. High level of R&D activities is facilitated for
water-borne adhesives and is projected to widen the scope of growth for
the market during the forecast period,” says a senior analyst at
Technavio for additives,
adhesives, and sealants research.

Save more with Technavio. Buy 2 reports and get
the third for free: View Technavio’s
latest discounts and promotions

Global spray adhesives market: geographical segmentation

The global spray adhesives market is segmented into four regions
including APAC, North America, Europe, and ROW. In 2017, APAC dominated
the market by occupying a market share of more than 41%. North America
contributed to more than 25% of the market share, and Europe occupied
approximately 23% of the market share.

Looking for more information on this market? Request
a free sample report

Technavio’s sample reports are free of charge and contain multiple
sections of the report including the market size and forecast, drivers,
challenges, trends, and more.

Other topics covered in the report:

Market drivers:

• Rising investment in infrastructure development
• Growth of the processed food industry

Market challenges:

• Increasing concerns regarding wood logging
• Stringent regulations and policies

Market trends:

• Increased use of adhesives in medical devices
• Increased use of 3D vision in adhesive applications

Get a sample copy of the global
spray adhesives market report free of cost

Access Technavio’s continuously growing additives,
adhesives, and sealants research library and find expert
analysis on hundreds of markets.

About Technavio

Technavio
is a leading global technology research and advisory company. Their
research and analysis focuses on emerging market trends and provides
actionable insights to help businesses identify market opportunities and
develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists
of more than 10,000 reports and counting, covering 800 technologies,
spanning 50 countries. Their client base consists of enterprises of all
sizes, including more than 100 Fortune 500 companies. This growing
client base relies on Technavio’s comprehensive coverage, extensive
research, and actionable market insights to identify opportunities in
existing and potential markets and assess their competitive positions
within changing market scenarios.

If you are interested in more information, please contact our media team
at [email protected].

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US:
+1 844 364 1100
UK: +44 203 893 3200
www.technavio.com