Report Id: SNS/C&M/1413 | May 2022 | Region: Global | 125 Pages
Report Scope & Overview:
Acrylic Adhesives Market Size was valued at USD 11.55 billion in 2022, and is expected to reach USD 17.72 billion by 2030, and grow at a CAGR of 5.5% over the forecast period 2023-2030. Acrylic adhesives are acrylic or methylacrylic polymer-based resin adhesives. Ceramics, wood, metals, plastics, rubber, glass, and other materials are often bonded with these adhesives. Acrylic adhesives are also commonly encountered as syrupy liquids that are colourless or slightly tinted. These are made with the help of a catalyst from monomeric esters or polyacrylate solutions. Furthermore, the strength of these adhesives is determined by a number of critical characteristics, including cohesion and adhesion. Adhesion, for example, is used to assess the adhesive's capacity to adhere to another item, whereas the cohesion parameter is used to assess the adhesive's ability to adhere to itself.
The rise in the use of these adhesives in construction, automotive, and other industries is the primary driver propelling the worldwide acrylic adhesives market forward. Another key reason driving the market's growth is the increased use of acrylic adhesives in the packaging industry. However, the acrylic adhesive market is constrained by rigorous laws governing the usage of adhesives. The market's extremely unpredictable nature and high raw material prices are two more factors that impede its growth.
Impact of covid-19:
The Acrylic Adhesives Market suspended industrial activities and operations due to widespread lockdowns during the COVID-19 epidemic. Raw material deliveries and other delivery operations were halted, resulting in revenue loss. However, as the pandemic progressed, the Acrylic Adhesives Market benefited greatly from increased demand from the packaging industry. The packaging of critical items like as pharmaceuticals, face masks, disinfectants, dairy products, food, sanitizers, and many others increased the market's growth while the regions were shut down. Customers favoured packaged goods to unpackaged goods such as fruits and vegetables. These variables have influenced the market value of acrylic adhesives. In the future years, the market's consistent growth will continue.
3M, Avery Dennison Corporation, Henkel AG & Co. KGaA, Sika AG, Eastman Chemical Company, Royal Adhesives & Sealants, TOAGOSEI CO., LTD, Permabond LLC, B. Fuller Company, Pidilite Industries Limited, Bostik, Huntsman International LLC, Tonsan Adhesive Inc, and Other players.
Asia-Pacific, North America, Europe, Latin America, and the Middle East and Africa are the five major regions covered by the market. Because of the increased use of acrylic adhesives in industrial vertical product applications such as consumer goods, medical devices, and paper and packaging applications, the North American market has seen the biggest market share of Acrylic Adhesives Market Share in recent years. As a result, the regional market will have a consistent CAGR during the valuation period. Due to the existence of major firms, the United States dominates the regional market.
Because of the region's extensive construction, automotive, and packaging industries, Asia-Pacific is considered the fastest-growing regional market. The APAC regional market is also being propelled by increased demand for long-lasting acrylic adhesives in woodworking and consumer goods. China is the market leader because to its strong electronic infrastructure and widespread use of acrylic adhesives in truck and bus gasket bonding.
Rest of Europe
Rest of Asia-Pacific
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2022||USD 11.55 Billion|
|Market Size by 2030||USD 17.72 Billion|
|CAGR||CAGR of 5.5% From 2023 to 2030|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• By Technology (Water-based, Solvent-based, Reactive and Others)
• By Type (Acrylic Polymer Emulsion, Cyanoacrylic, Methacrylic, UV Curable Acrylic)
• By Application (Paper & Packaging, Construction, Transportation, Medical, Consumer, Woodworking, Electronics, Others)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||3M, Avery Dennison Corporation, Henkel AG & Co. KGaA, Sika AG, Eastman Chemical Company, Royal Adhesives & Sealants, TOAGOSEI CO., LTD, Permabond LLC, B. Fuller Company, Pidilite Industries Limited, Bostik, Huntsman International LLC, Tonsan Adhesive Inc, and Other players.|
|DRIVERS||• The paper and pulp, construction, electronics, automotive and transportation industries|
|RESTRAINTS||• Boosting the demand for acrylic adhesives
• Increased usage of packaged products.
Frequently Asked Questions (FAQ) :
Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.
Ans: Key stakeholders considered in the study:
Raw material vendors
regulatory authorities, including government agencies and ngo
commercial research & development (r&d) institutions
importers and exporters
government organizations, research organizations, and consulting firms
end-use industries are the stake holder of this report.
Ans: Water-based, Solvent-based and Reactive and Others are the sub-segments of by Technology segment.
Ans: 3M (US), Avery Dennison Corporation (US), Henkel AG & Co. KGaA (Germany), Sika AG (Switzerland), Eastman Chemical Company (US), Royal Adhesives & Sealants (US), TOAGOSEI CO., LTD (Japan), Permabond LLC (US), B. Fuller Company (US), Pidilite Industries Limited (India), Bostik (US), Huntsman International LLC, Tonsan Adhesive, Inc (China) are the major key players of Acrylic Adhesives Market.
Ans: Global Acrylic Adhesives Market Size was valued at USD 10.95 billion in 2021, and expected to reach USD 15.93 billion by 2028, and grow at a CAGR of 5.5 % over the forecast period 2022-2028.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
184.108.40.206 United Kingdom
220.127.116.11 South Korea
18.104.22.168 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Global Acrylic Adhesives Market Segment, By Technology
8.3 Reactive and Others
9. Global Acrylic Adhesives Market Segment, By Type
9.1 Acrylic Polymer Emulsion
9.2 Cyan acrylic
9.4 UV Curable Acrylic
10. Global Acrylic Adhesives Market Segment, By Application
10.1 Paper & Packaging
11. Regional Analysis
11.2 North America
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4.2 South Korea
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.3 South Africa
11.6 Latin America
11.6.3 Rest of Latin America
12. Company Profiles
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 Avery Dennison Corporation
12.3 Henkel AG & Co. KGaA
12.4 Sika AG
12.5 Eastman Chemical Company
12.6 Royal Adhesives & Sealants
12.7 TOAGOSEI CO., LTD
12.8 Permabond LLC
12.9 B. Fuller Company
12.10 Pidilite Industries Limited
12.12 Huntsman International LLC,
12.13 Tonsan Adhesive, Inc,
13. Competitive Landscape
13.1 Competitive Benchmark
13.2 Market Share analysis
13.3 Recent Developments
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