Acrylic Adhesives Market is valued approximately USD 8.84 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 5.8 % over the forecast period 2021-2027
iCrowdNewswire
Sep 23, 2021
Acrylic adhesives are polymer-based resin adhesives made of acrylic or methylacrylic polymers. These are manufactured using monomeric esters or polyacrylate solutions as a catalyst. These adhesives are commonly used to attach ceramics, wood, metals, plastics, rubber, glass, and other materials. Acrylic adhesives are also typically found as colorless or slightly colored syrupy solutions.
Acrylic adhesives are available in a variety of forms in the market. Acrylic polymer emulsion, cyanoacrylic acid, and others are examples. When compared to other resin systems, these adhesives have qualities including quick bonding with various materials, great environmental resilience, and quick-setting times. Thermoplastic and thermosetting polymers are both used to make acrylic adhesives. Two objects are sandwiched together with acrylic adhesive paste and liquid acrylic adhesives to establish permanent bonding.
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Major market player included in this report are:
Ashland
Arkema
Avery dennison corporation
Dymax
Franklin international
HB Fuller international
Henkel AG and CO. KGaA
Hexcel corporation
Huntsman International LLC
3M
Major Drivers, Restraints, Challenges and Opportunities
Liquid acrylic adhesives are frequently used in construction, upholstery, and decorative goods to join two objects together. Adhesives are also being used in end-of-life applications such as medications and food packaging. In addition, adhesives are increasingly replacing fasteners in construction and assembly applications. Flexible packaging demand is predicted to increase in some regions in the next years, which will boost the acrylic adhesives market due to its advantages over traditional packaging goods, such as effective biological and mechanical filtering.
Emerging economies have a considerable demand for the product as a result of technological improvements, increased globalization, and more use of environmentally friendly adhesives. The market is expected to grow due to technologically improved and cost-effective operations in the automotive, aerospace, and construction industries. The acrylic adhesive market, on the other hand, is constrained by rigorous laws governing the usage of adhesives. Furthermore, the market’s extremely volatile character and high raw material prices are two other reasons that limit its expansion.
Market Segmentation
By Technology:
Water based
Solvent based
Reactive
Other technologies
By End user industry:
Packaging
Building and construction
Transportation
Appliances
Electrical and electronics
Sporting goods
Others
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Based on technology, water-based adhesives have widespread applications in the construction, packaging, rigid & non-rigid bonding, tapes, and transportation industries due to their properties such as viscosity, tack, set speed, bond strength, and lay-flat properties among others.
By end-use, water-based adhesives are widely used in the construction, packaging, rigid & non-rigid bonding, tapes, and transportation industries due to qualities such as viscosity, tack, set speed, bond strength, and lay-flat properties.
Regional Outlook
In the global acrylic adhesives market, Asia Pacific has the greatest market share, and this trend is likely to continue over the forecast period. The presence of important players, rising investments in industrial expansion, and expanding GNP of emerging nations such as China and India are all helping to drive market growth in the region. Increasing consumer discretionary income, booming e-commerce, and rising corrugated packaging adoption are all contributing to the market’s expansion.
The packaging sector in North America and Europe is mature, whereas the Middle East and African region has seen moderate expansion. However, as the e-commerce industry expands in these locations, the packaging industry expands as well, driving up demand for raw materials such as adhesives and other materials.
Competitive Landscape
Some of the prominent companies operating in the global acrylic adhesives market are 3M, The Dow Chemical Company, Eastman Chemical Company, Permabond LLC., Dymax Corporation, Franklin International, Parker Hannifin Corp, and Henkel AG & Company among others.
Table of Contents
Chapter 1. Executive Summary
Chapter 2. Global Acrylic Adhesives Market Definition and Scope
Chapter 3. Global Acrylic Adhesives Market Dynamics
Chapter 4. Global Acrylic Adhesives Market Industry Analysis
Chapter 5. Global Acrylic Adhesives Competition Landscape by Players
Chapter 6. Global Acrylic Adhesives Market, by Marketing Channel, Distributors and Customers
Chapter 7. Global Acrylic Adhesives Market, by Cost Analysis
Chapter 8. Global Acrylic Adhesives Market, by Ownership
Chapter 9. Global Acrylic Adhesives Market, Regional Analysis
Chapter 10. Competitive Intelligence
Chapter 11. Appendix
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