Multipurpose Spray Adhesive Market Size, Share Global Analysis Report, 2019 – 2026

Industry Insights

[110+ Pages Report] According to the report published by Facts Factors, the global multipurpose spray adhesive market size was worth around USD 2,600 million in 2019 and is predicted to grow to around USD 3,700 million by 2026 with a compound annual growth rate (CAGR) of roughly 5% between 2020 and 2026. The report analyzes the global multipurpose spray adhesive market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the multipurpose spray adhesive market.

The report encompasses the forecast as well as analysis of the multipurpose spray adhesive market on the global and regional levels. The study displays historical data of 2016 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Million) and volume (Kilo Tons). Additionally, the report also demonstrates the market drivers, restraints, opportunities, and challenges.  

The report provides an in-depth analysis of key business strategies and competitive landscape of the multipurpose spray adhesive market. Key prospects of investment coupled with the economic and business focus of the market are also included.

Our study also includes an analysis of Porter’s Five Forces framework for understanding the competitive strategies used by market competitors. It also encompasses PESTLE analysis and SWOT analysis.

Key Insights from Primary Research

• According to the primary respondents, the global multipurpose spray adhesive market is set to grow annually at a rate of around 5%
• The market was valued at around USD 2,600 million, in 2019 and is projected to reach around USD 3,700 million, in 2026.
• In 2019, the “water-based” category dominated the type segmentation of the market and accounted for more than 40% of the market share.
• Synthetic rubber was the dominating category of chemistry segment in 2019 and is projected to grow at the CAGR of around 5% during the forecast period.
• Based on the application segmentation, the “transportation” category held the leading share at more than 42%, in 2019.
• North America accounted for the largest market share of the global multipurpose spray adhesive market, in 2019.   

Key Recommendations from Analysts

• As per our analysts, the global multipurpose spray adhesive market is projected to witness significant growth in the upcoming years. The growing adoption of spray adhesives in the transportation industry is boosting the market growth.
• The surge in demand for low VOC and environment-friendly adhesives is expected to offer lucrative growth opportunities in the forecast period.   
• The Asia Pacific is the potential region for the global multipurpose spray adhesive market. The surging construction industry in emerging countries such as China, Japan, India, and Indonesia is increasing the consumption of spray adhesives.
• Growing at a CAGR around 5%, global multipurpose spray adhesive market provides several opportunities for all of the involved stakeholders across the entire value chain
• Our analysts have identified “transportation” and “construction” categories are the major consumers of the multipurpose spray adhesives, globally.
• The key market players are focusing on product expansion and strategic alliances for enhancing their market share in the industry. For instance, H.B. Fuller has recently acquired the industrial adhesive business unit of Wisdom Worldwide Adhesives. This acquisition is estimated to strengthen the company’s market position.

Market Share – By Application

The report also offers a comprehensive analysis of the market share of each industry player and gives an outline of the market position of key players in the multipurpose spray adhesive market. Moreover, the study offers wide coverage of key strategic improvements witnessed in the market such as acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, R&D activities, and geographical expansion of key players of the multipurpose spray adhesive market.

The study provides a decisive view of the multipurpose spray adhesive market by segmenting the multipurpose spray adhesive market based on type, chemistry, application, and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2020 to 2026. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

The multipurpose spray adhesive market is segmented based on Type, Chemistry, and Application.  Based on type, the market is classified into solvent-based, water-based, hot melt, and others. Based on chemistry, the market is categorized into epoxy, polyurethane, synthetic rubber, vinyl acetate-ethylene, and others. In terms of application, the market segment is divided into transportation, construction, furniture, and others.

Report Scope

The rising adoption of spray adhesives in various end-use industries is a key factor driving the global multipurpose spray adhesives market. The consumption of multipurpose spray adhesives is increasing rapidly in industries like the automotive and construction industry. The growing automotive industry across the globe is likely to propel the market growth.

Some of the leading players in the global market include

• Henkel
• Spray-Lock Inc.
• H.B. Fuller
• Sika AG
• Bostik
• 3M
• Kissel+Wolf GmbH
• ND Industries
• Gemini Adhesives
• Quin Global
• AFT Aerosols
• Avery Dennison Corporation
• Illinois Tool Works
• Westech Aerosol Corporation
• Elmer's 

This report segments the Multipurpose Spray Adhesive market as follows:

By Type Segment Analysis

• Solvent-based
• Water-based
• Hot Melt

By Chemistry Segment Analysis

• Epoxy
• Polyurethane
• Synthetic Rubber
• Vinyl Acetate Ethylene
• Others

By Application Segment Analysis

• Transportation
• Construction
• Furniture
• Others

By Regional Segment Analysis

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • South-East Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• The Middle-East and Africa
  • GCC Countries
  • South Africa
  • Rest of Middle-East Africa

Key Pointers Addressed by the Report

• Historical data and forecast analysis of the market
• Drivers and Restraints affecting market dynamics
• Exhaustive analysis about the future market trends
• Comprehensive information about the leading market segments and region
• Strategic developments made by the competitive players and in-depth analysis of its impact on market growth.