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During the forecast period (2023-2030), the global acrylic adhesives market is expected to expand from its 2022 valuation of USD 12.69 billion to a peak of USD 21.54 billion by 2030, a CAGR of 7.1%.
Increasing demand from sectors including the automotive, construction, electronics, and packaging industries have contributed to the current period of strong expansion in the worldwide acrylic adhesives market. These adhesives are replacing traditional mechanical fasteners and solvent-based adhesives because of their rapid cure times, high bonding strengths, and adaptability. Acrylic adhesives offer improved performance, durability, and weight reduction, which is helping to drive the market expansion. This is especially true in the automotive and aerospace industries, where there is a continuing trend towards lightweight and sophisticated materials. The growing need for acrylic adhesives in electronic assembly and packaging is being fueled in part by the expansion of the online retail and consumer electronics markets. Furthermore, environmental rules against the use of hazardous chemicals have increased the need for low-VOC (volatile organic compound) acrylic adhesives, which are both environmentally benign and effective. As a result of rising production and industrialisation in the region, Asia-Pacific is expected to become the leading market for acrylic adhesives worldwide. Market leaders are investing heavily in R&D to develop new product formulations with enhanced attributes and broader application areas, raising the stakes in the industry and stimulating innovation.
Detailed Classification
The market for acrylic adhesives that use water as a solvent is now the largest category. They are recommended in sectors where environmental rules play a large role because of their low VOC emissions, ease of application, and general friendliness to the environment. Acrylic adhesives that are water-based adhere well to many materials and can be used in numerous industries, such as packaging, paper bonding, woodworking, and construction.
The global market for reactive acrylic adhesives is expanding at a particularly rapid rate. These adhesives are special because they may undergo cross-linking reactions, which strengthens the bonds and makes them more resistant to heat and chemicals. Rapid expansion of the reactive acrylic adhesive market is being fueled by rising demand from sectors including the automotive, aerospace, and electronics industries, where high-performance adhesives are essential for cutting-edge applications. The increased bonding needs for lightweight materials is driving up demand for reactive acrylic adhesives, which are increasingly popular in these industries.
Methodology of Analysis Via Use
The global acrylic adhesives market is dominated by the packaging industry. Acrylic adhesives are commonly used in packaging because they provide a strong and dependable connection to a broad variety of substrates, including plastics, metals, and paper. The consistent expansion of the packaging business due to rising demand for e-commerce and consumer goods is also a factor in the industry's heavy reliance on acrylic adhesives.
The electrical and electronics sector is the fastest-growing application area for acrylic adhesives worldwide. Acrylic adhesives have seen a rise in popularity in the electronics industry as a result of rising consumer demand and quick technological improvements. These adhesives are perfect for bonding electronic components, circuit boards, and other sensitive parts because to their superior electrical insulating qualities and thermal stability. Acrylic adhesives are in high demand because of their precision and reliability in bonding throughout complex assembly processes, which is increasingly important as electronic devices continue to shrink in size.
Drivers
There is a growing need for innovative and lightweight materials in many fields.
The rising need for lightweight and sophisticated materials in various industries, including as automotive and aerospace, is the primary driver of the global acrylic adhesives market. Acrylic adhesives are a popular alternative to mechanical fasteners and other, more labor-intensive bonding methods due to their high bond strength and long service life. Lightweight material bonding with acrylic adhesives is becoming increasingly important as businesses look to reduce overall weight and increase fuel efficiency.
Restraints
Raw material price fluctuations
The fluctuating cost of key inputs is a major factor holding back growth in the worldwide acrylic adhesives market. Due to its origin in petrochemical-based feedstocks, the production cost of acrylic adhesives is very sensitive to changes in the prices of these components. The inability to keep prices consistent for consumers poses a challenge for producers and can slow the expansion of the industry. Another factor that could slow the growth of the acrylic adhesives market is the impact that increases in the price of raw materials would have on manufacturers' profit margins and the availability of acrylic adhesives for some end uses.
Key Market Developments
Demand rises for low-VOC (volatile organic compound) adhesives that are better for the environment. Increasing demand for eco-friendly and low-VOC (volatile organic compound) adhesive solutions is a prominent industry trend in the global acrylic adhesives market. Consumers and businesses alike are increasingly leaning towards acrylic adhesives because of their low toxicity and negligible impact on the natural world and human health. Manufacturers are responding to the market trend towards eco-friendlier products by creating and advertising long-lasting adhesives with lower volatile organic compound (VOC) emissions. The increasing need for eco-friendly and risk-free bonding options in a wide range of industries is a major factor propelling the expansion of the acrylic adhesives market.
Report Coverage
Global Acrylic Adhesives research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Acrylic Adhesives report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Acrylic Adhesives competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Acrylic Adhesives market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Acrylic Adhesives market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Acrylic Adhesives market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
3M (US), AVERY DENNISON CORPORATION (US), H.B. Fuller Company (US), Henkel AG & Co. KGaA (Germany), Sika AG (Switzerland), Bostik (France), DOW Chemical Company (US), Huntsman Corporation (US), Illinois Tool Works Inc. (US), LORD Corporation (US), Permabond Engineering Adhesives (UK), Ashland Global Holdings Inc. (US), Mapei S.p.A. (Italy), RPM International Inc. (US), Jowat SE (Germany), Arkema Group (France), Dymax Corporation (US), ITW Performance Polymers (US), Beardow Adams (UK), Hexion Inc. (US)
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Acrylic Adhesives market based on the below-mentioned segments:
Global Acrylic Adhesives Market, By Type
Water-based
solvent-based
reactive and others
Global Acrylic Adhesives market, By Application
Packaging
Construction
Wood & Furniture
Transportation
Electrical & Electronics
Consumer Goods
Medical Devices
Others
Global Acrylic Adhesives market, Regional Analysis
Increasing demand from sectors including the automotive, construction, electronics, and packaging industries have contributed to the current period of strong expansion in the worldwide acrylic adhesives market. These adhesives are replacing traditional mechanical fasteners and solvent-based adhesives because of their rapid cure times, high bonding strengths, and adaptability. Acrylic adhesives offer improved performance, durability, and weight reduction, which is helping to drive the market expansion. This is especially true in the automotive and aerospace industries, where there is a continuing trend towards lightweight and sophisticated materials. The growing need for acrylic adhesives in electronic assembly and packaging is being fueled in part by the expansion of the online retail and consumer electronics markets. Furthermore, environmental rules against the use of hazardous chemicals have increased the need for low-VOC (volatile organic compound) acrylic adhesives, which are both environmentally benign and effective. As a result of rising production and industrialisation in the region, Asia-Pacific is expected to become the leading market for acrylic adhesives worldwide. Market leaders are investing heavily in R&D to develop new product formulations with enhanced attributes and broader application areas, raising the stakes in the industry and stimulating innovation.
Detailed Classification
The market for acrylic adhesives that use water as a solvent is now the largest category. They are recommended in sectors where environmental rules play a large role because of their low VOC emissions, ease of application, and general friendliness to the environment. Acrylic adhesives that are water-based adhere well to many materials and can be used in numerous industries, such as packaging, paper bonding, woodworking, and construction.
The global market for reactive acrylic adhesives is expanding at a particularly rapid rate. These adhesives are special because they may undergo cross-linking reactions, which strengthens the bonds and makes them more resistant to heat and chemicals. Rapid expansion of the reactive acrylic adhesive market is being fueled by rising demand from sectors including the automotive, aerospace, and electronics industries, where high-performance adhesives are essential for cutting-edge applications. The increased bonding needs for lightweight materials is driving up demand for reactive acrylic adhesives, which are increasingly popular in these industries.
Methodology of Analysis Via Use
The global acrylic adhesives market is dominated by the packaging industry. Acrylic adhesives are commonly used in packaging because they provide a strong and dependable connection to a broad variety of substrates, including plastics, metals, and paper. The consistent expansion of the packaging business due to rising demand for e-commerce and consumer goods is also a factor in the industry's heavy reliance on acrylic adhesives.
The electrical and electronics sector is the fastest-growing application area for acrylic adhesives worldwide. Acrylic adhesives have seen a rise in popularity in the electronics industry as a result of rising consumer demand and quick technological improvements. These adhesives are perfect for bonding electronic components, circuit boards, and other sensitive parts because to their superior electrical insulating qualities and thermal stability. Acrylic adhesives are in high demand because of their precision and reliability in bonding throughout complex assembly processes, which is increasingly important as electronic devices continue to shrink in size.
Drivers
There is a growing need for innovative and lightweight materials in many fields.
The rising need for lightweight and sophisticated materials in various industries, including as automotive and aerospace, is the primary driver of the global acrylic adhesives market. Acrylic adhesives are a popular alternative to mechanical fasteners and other, more labor-intensive bonding methods due to their high bond strength and long service life. Lightweight material bonding with acrylic adhesives is becoming increasingly important as businesses look to reduce overall weight and increase fuel efficiency.
Restraints
Raw material price fluctuations
The fluctuating cost of key inputs is a major factor holding back growth in the worldwide acrylic adhesives market. Due to its origin in petrochemical-based feedstocks, the production cost of acrylic adhesives is very sensitive to changes in the prices of these components. The inability to keep prices consistent for consumers poses a challenge for producers and can slow the expansion of the industry. Another factor that could slow the growth of the acrylic adhesives market is the impact that increases in the price of raw materials would have on manufacturers' profit margins and the availability of acrylic adhesives for some end uses.
Key Market Developments
Demand rises for low-VOC (volatile organic compound) adhesives that are better for the environment. Increasing demand for eco-friendly and low-VOC (volatile organic compound) adhesive solutions is a prominent industry trend in the global acrylic adhesives market. Consumers and businesses alike are increasingly leaning towards acrylic adhesives because of their low toxicity and negligible impact on the natural world and human health. Manufacturers are responding to the market trend towards eco-friendlier products by creating and advertising long-lasting adhesives with lower volatile organic compound (VOC) emissions. The increasing need for eco-friendly and risk-free bonding options in a wide range of industries is a major factor propelling the expansion of the acrylic adhesives market.
Report Coverage
Global Acrylic Adhesives research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Acrylic Adhesives report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Acrylic Adhesives competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Acrylic Adhesives market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | 3M (US), AVERY DENNISON CORPORATION (US), H.B. Fuller Company (US), Henkel AG & Co. KGaA (Germany), Sika AG (Switzerland), Bostik (France), DOW Chemical Company (US), Huntsman Corporation (US), Illinois Tool Works Inc. (US), LORD Corporation (US), Permabond Engineering Adhesives (UK), Ashland Global Holdings Inc. (US), Mapei S.p.A. (Italy), RPM International Inc. (US), Jowat SE (Germany), Arkema Group (France), Dymax Corporation (US), ITW Performance Polymers (US), Beardow Adams (UK), Hexion Inc. (US) |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Acrylic Adhesives Market from 2021 to 2030.
- Market Forecast for Acrylic Adhesives Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Acrylic Adhesives competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Acrylic Adhesives
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Acrylic Adhesives market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Acrylic Adhesives market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
3M (US), AVERY DENNISON CORPORATION (US), H.B. Fuller Company (US), Henkel AG & Co. KGaA (Germany), Sika AG (Switzerland), Bostik (France), DOW Chemical Company (US), Huntsman Corporation (US), Illinois Tool Works Inc. (US), LORD Corporation (US), Permabond Engineering Adhesives (UK), Ashland Global Holdings Inc. (US), Mapei S.p.A. (Italy), RPM International Inc. (US), Jowat SE (Germany), Arkema Group (France), Dymax Corporation (US), ITW Performance Polymers (US), Beardow Adams (UK), Hexion Inc. (US)
Primary Target Market
- Market Players of Acrylic Adhesives
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Acrylic Adhesives market based on the below-mentioned segments:
Global Acrylic Adhesives Market, By Type
Water-based
solvent-based
reactive and others
Global Acrylic Adhesives market, By Application
Packaging
Construction
Wood & Furniture
Transportation
Electrical & Electronics
Consumer Goods
Medical Devices
Others
Global Acrylic Adhesives market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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