Industry News, Adhesives & Sealants
The spray adhesives market is projected to reach $3.41 billion by 2022 from the estimated $2.72 billion in 2017, at a compound annual growth rate (CAGR) of 4.6%, according to a report published by MarketsandMarkets. The solvent-based spray adhesive segment reportedly accounts for the largest share of the overall spray adhesives market.
Furniture, or wood working, was reported as one of the major end-use industries of spray adhesives.
Asia-Pacific is projected to be the fastest-growing market for spray adhesives. China is projected to be the largest market for spray adhesives in the Asia-Pacific region, while the market in India is projected to register the highest CAGR during the forecast period.