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Acrylic Adhesives Market

Acrylic Adhesives Market Size, Share & Segment 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), and by Region | Global Market Forecast 2022-2028

Report Id: SNS/C&M/1413 | May 2022 | Region: Global | 125 Pages

Report Scope & Overview:

Acrylic Adhesives Market Size was valued at USD 10.95 billion in 2021, and is expected to reach USD 15.93 billion by 2028, and grow at a CAGR of 5.5% over the forecast period 2022-2028.  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.

Acrylic Adhesives Market Revenue Graph

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.

Market dynamics:

 Drivers:

  • The paper and pulp, construction, electronics, automotive and transportation industries 

Opportunities:

  • Boosting the demand for acrylic adhesives
  • Increased usage of packaged products.

Restraints:

  • Harmful effect of Solvent-based acrylic adhesives.

Challenges

  • Lack of availability of raw materials and high price of Raw materials.

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.

Key Players:

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.

Market Segmentation:

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

Acrylic Adhesives Market Segment Pie Chart

Regional Analysis:

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.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The 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

Acrylic Adhesives Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 10.95 Billion
Market Size by 2028 US$ 15.93 Billion
CAGR CAGR of 5.5% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
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
distributors/traders/wholesalers/suppliers
regulatory authorities, including government agencies and ngo
commercial research & development (r&d) institutions
importers and exporters
government organizations, research organizations, and consulting firms
trade/industrial associations
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. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID 19 Impact Analysis

4.2 Impact of Ukraine-Russia War

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

 

8. Global Acrylic Adhesives Market Segment, By Technology

8.1 Water-based

8.2 Solvent-based

8.3 Reactive and Others

 

9. Global Acrylic Adhesives Market Segment, By Type

9.1 Acrylic Polymer Emulsion

9.2 Cyan acrylic

9.3 Methacrylic

9.4 UV Curable Acrylic

 

10. Global Acrylic Adhesives Market Segment, By Application

10.1 Paper & Packaging

10.2 Construction

10.3 Transportation

10.4 Medical

10.5 Consumer

10.6 Woodworking

10.7 Electronics

10.8 Others

 

11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 USA

11.2.2    Canada

11.2.3    Mexico

11.3 Europe

11.3.1    Germany

11.3.2    UK

11.3.3    France

11.3.4    Italy

11.3.5    Spain

11.3.6    The Netherlands

11.3.7    Rest of Europe

11.4 Asia-Pacific

11.4.1    Japan

11.4.2    South Korea

11.4.3    China

11.4.4    India

11.4.5    Australia

11.4.6    Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1    Israel

11.5.2    UAE

11.5.3    South Africa

11.5.4    Rest

11.6 Latin America

11.6.1    Brazil

11.6.2    Argentina

11.6.3    Rest of Latin America

 

12. Company Profiles

12.1 3M

12.1.1 Financial

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

12.11 Bostik

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

 

14. Conclusion

 

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Secondary Research

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