The spray adhesive market is projected to witness a compound annual growth rate of 5.81% over the forecast period to reach a total market size of $5.143 billion by 2023, increasing from $3.665 billion in 2017, according to a report from Research and Markets. The Asia-Pacific region is reportedly the emerging market for spray adhesives in the forecast period, while North America and Europe have a significant market share in the global spray adhesive market.
The rise in disposable income and constant urbanization are reportedly the major driving factors contributing towards the growth of the market. Also, a high growth in the construction sector, wide usage in woodwork application, innovations in furniture and décor, coupled with rising demand for aesthetic furniture may aid in fueling demand.
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