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Spray Adhesives Market Size
- Report ID: GMI4311
- Published Date: Aug 2019
- Report Format: PDF
Spray Adhesives Market Size
Spray Adhesives Market size exceeded USD 7 billion in 2018 and will witness a CAGR of more than 4.5% between 2019 and 2025.
Rapidly growing building & construction industry especially in emerging nations is the major driver uplifting the spray adhesives market demand worldwide. The product is used to glue drywalls, plasters, fiberglass and insert ceilings. Furthermore, EPS foams, pipe insulation, roofing membranes and carpet tile installation are few other products used in the construction industry. This category of adhesives is generally utilized in droplets form and has proven to be an excellent substitute for tape glues, white glues and hit glues owing to its superior properties such as excellent heat & moisture resistance, strong bond, etc. These adhesives wet the base of joining surface and then transfer loads consistently between blended surface in order to improve grounded holding.
Increasing economic growth in countries such as Indonesia, Malaysia, Philippines and Thailand are anticipated to trigger the market growth as a result of growing investment in infrastructure sector. In Indonesia, growth is expected to arise from improving investment, climate, enhanced fiscal stability coupled with upgrades in credit ratings. Many countries are focusing on improving their construction sector by introducing several beneficial activities by the government. For instance, Indian government established Construction Industry Development Council (CIDC) with the help of planning commission, with the aim to advice the regional government on policy formulations in the sector. Also, the council is contributing in enhancing the networking with the international organizations for better growth opportunities in the sector. These trends are expected to positively influence the market share by 2025.
| Report Attribute | Details |
|---|---|
| Base Year: | 2018 |
| Spray Adhesives Market Size in 2018: | 7 Billion (USD) |
| Forecast Period: | 2019 to 2025 |
| Forecast Period 2019 to 2025 CAGR: | 4.5% |
| 2025 Value Projection: | 9 Billion (USD) |
| Historical Data for: | 2014 to 2018 |
| No. of Pages: | 257 |
| Tables, Charts & Figures: | 386 |
| Segments covered: | Technology, Resin, End-user and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Despite being used across various end user industries, market growth can be restrained by raw materials price volatility. Epoxy resin-based adhesives are commonly used in the industry and its prices are very volatile as it is a petroleum derivative. Apart from facing price volatility issues, high VOC emissions caused by solvent based adhesives is also creating hurdles in the market growth.
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Spray Adhesives Market Scope
