Market Highlight:
Acrylic Adhesive belongs to a class of adhesive that are manufactured by using methacrylate and acrylate monomer as a major feedstock. As per our analysis, some of the prominent market factors and trends identified in the Global Acrylic Adhesives Market Size are increasing construction activities, growing automobile production and sales, and improving living standards. Moreover, expansion of paper packaging sector in the developed and developing countries is estimated to propel the growth of the market over the assessment period 2022-2030. Increasing awareness regarding the harmful effect of volatile organic compound is likely to reduce the usage of solvent based Acrylic Adhesive but it has boosted the consumption of water based products.
Furthermore, increasing use of Acrylic Adhesive in repairing hoardings and other interior accessories in the automotive industry is predicted to fuel the market demand over the forecast period. These are widely utilized in the furniture segment. Continuous growth of the furniture industry coupled with demand for durable adhesive is estimated to fuel the market growth over the assessment period.
Intended Audience
- Acrylic Adhesive Manufacturers
- Traders and Distributors of Acrylic Adhesive
- Production Process Industries
- Potential Investors
- Raw Material Suppliers
- Nationalized Laboratory
Competitive Landscape:
The Acrylic Adhesives Market appears to be competitive with the presence of several large and small players operating in manufacturing and development of product. These key players compete with each other’s on the basis of quality, price, production and innovation. water based acrylic adhesive market is set to grow at a higher CAGR which is likely to attract many entrants to the market resulting into healthy competition in the future. Manufacturers operating in the acrylic adhesives market are struggling to respond to an increase in demand for the product from automotive transportation, paper packaging, construction, and other sectors attributed to expanding production capacity and infrastructure development in major sectors. They ensure to deliver the best quality products based on innovative technologies, solutions and best practices.
Global Competitors:
Some of the top competitors available in the Global Acrylic Adhesive Market are; 3M (U.S.), H.B. Fuller (U.S.), Eastman Chemical Company (U.S.), Henkel AG Co. KGaA (Germany), Bostik S.A. (France), Sika AG (Switzerland), AVERY DENNISON CORPORATION. (U.S.), Royal Adhesives Sealants (U.S.), Huntsman International LLC. (U.S.), and Pidilite Industries Limited (India).
Market Segmentation:
The Global Acrylic Adhesives Market is categorized on the basis of region, type, technology, and application.
Basis of region, this market is segmented into Asia Pacific, Europe, Latin America, North America, and the Middle East and Africa.
On the basis of type, the market is segmented into acrylic polymer emulsion, UV curable, cyanoacrylate, methyl methacrylate, and others.
On the basis of technology, the market is classified into water based, solvent based, and others.
On the basis of application, the market is categorized into automotive transportation, paper packaging, construction, electrical electronics, and others.
Regional Analysis:
Geographically, Asia Pacific is leading the global acrylic adhesives market. China holds the major portion due to rapid urbanization coupled with growing demand for the product in the region. Increasing consumption of acrylic adhesives in packaging applications such as glass, aluminium cans, metal foils, high barrier plastics, and others has boosted the market demand in Japan, and India.
North America has witnessed a significant growth in the market owing to rapid consumption of water-based products in end-use industries.
A notable growth has been received by the European region due to implementation of strict rules and regulations to adopt eco-friendly products instead of solvent-based materials in major sectors.
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