Acrylic Adhesives is a synthetic fiber based on polymer, and adhesive can hold extreme temperatures, build strength, & peel stresses, it replaces metal fasteners for static and dynamic loads for bonding most plastics, aluminum, steel, & oily metal surfaces. According to BlueQuark Research & Consulting, the global Acrylic Adhesives market is expected to witness a significant growth rate during the forecasted period. Factors like increasing packaging demand from the expanding e-commerce business platform have driven the Acrylic Adhesives market in the forecasted period. Further, the construction sector is expected to increase due to its solid structural characteristics and various planned construction projects, which are expected to drive the global market during the forecasted period. Furthermore, the medical industry is projected to be the fastest-growing application segment expected to drive the global Acrylic Adhesives market during the forecasted period. Technology advancement in the field of Acrylic Adhesives further propels the market growth. However, there have been increasing occupational hazards among workers due to the strong smell of acrylic adhesives, which may restrain the Acrylic Adhesive market growth over the forecasted period.
Acrylic Adhesives are applied in liquid form as well as pastes & tapes. Acrylic adhesive tapes are used in apparel, furniture, automotive stationery, housewares, & for packaging purposes. Acrylic Adhesives paste most commonly used for wooden surfaces, metal, glass & waterproofing purposes.
Packaging is one of the largest end-users of Acrylic Adhesives. Some applications include bags, cigarettes, & filters, cartons' side seams & closures, composite containers & tubes, disposable envelopes, flexible packaging, & and corrugated boards, among others. This sector has witnessed steady growth over the past several years and is expected to expand, particularly in the export market. Acrylic may be applied as the base material in pressure-sensitive adhesive as it is suitable for a wide range of materials and come up with more excellent stability, durability, & versatility due to crucial properties such as magnificent resistance to shear, UV light, moisture, solvents, chemicals & extreme temperatures. With the increasing use of the single-use package in the region, the food & beverages industry's packaging need is always on the higher side, eventually driving the packaging market. In India, packaging is one of the quick-growing industries, with an annual growth rate of 15%-20%. It is becoming a suitable hub for the global packaging industry. Currently, the packaging is the fifth-largest sector of the country's economy. The industry has observed steady growth over the past several years and is expected to expand, particularly in the export market. According to the Trade and Commerce Association data, the packaging industry is estimated to show promptness in the country owing to its growing population levels. Thus, a supportive need for paper packaging is likely to be expected in the high-growth zones of the country. Moreover, to the increasing use of single-use packages in the region, the food and beverage industry's packaging demand is always on the higher side, subsequently driving the packaging market. The packaging sector in North America and Europe is mature and has witnessed moderate growth in the Middle East & African regions. However, owing to the development of the e-commerce business in these regions, the packaging industry is also witnessing growth, further driving the demand for raw materials, like adhesives and others. Thus such a turn in the global packaging industry is anticipated to drive the demand for Acrylic Adhesives during the forecast period.
The Asia Pacific region is projected to influence the global market for Acrylic Adhesives. Increasing government and private sector investment infrastructure developments combined with rapid urbanization in emerging countries have improved the growth of the building and construction industry, thereby driving the market in the Asia Pacific. Acrylic adhesives are either thermoplastic or thermosetting polymers and paste coupled with liquid Acrylic Adhesives are utilized to sandwich two objects together to form permanent bonds. Additionally, the Acrylic Adhesives quickly bond with different materials, including non-plastics. Further, the increasing aging population & advancements in medical devices such as lightweight machinery will continue to fuel the use of UV curable cyano Acrylic Adhesives in medical devices, including IV delivery systems, catheters, syringes, hearing aids, silicone rubber components, & others. The extensive use of acrylic adhesive in the products such as touch screens & hardware due to rapid automation & miniaturization in the consumer electronics industry to improve accuracy & efficiency is expected to drive the development of the global Acrylic Adhesives market. The acrylic polymer emulsion adhesives fragments account for the most significant share of the global acrylic adhesives market owing to their easy availability and wide acceptability in applications like paper & packaging and construction sectors. Water-based adhesives are the largest formulating technology segment in terms of both value and volume. The increasing demand for VOC-free adhesives has given rise to water-based acrylic adhesives in mature markets such as North America and Europe. In the forecast period, the increased demand for acrylic adhesives and the growing need for miniaturization and automation in the electronics industry are crucial factors expected to boost the growth of the acrylic adhesives market. Furthermore, the technological developments in the end-use sectors, widespread research and development activities, and continuous inventions are a few of the other factors anticipated further to propel the growth of the acrylic adhesives market.
Some market's key players are 3M, Avery Dennison Corporation, Bostik, H. B. Fuller Company, Henkel AG & Co KGaA, Huntsman International LLC, and Illinois Tool Works Inc.
In 2021, Bostik launched two new adhesive products with 50% and 75% renewable content to support its 'responsibly for hygiene' commitment.
In 2021, Bostik expanded business in the US by acquiring Edge Adhesives Texas. Bostik expands its offerings in high-performance adhesives in the United States with the planned acquisition of Edge Adhesives Texas, a complementary asset in hot-melt adhesives and pressure-sensitive adhesive tapes for residential construction.
Global Acrylic Adhesives Market report provides deep insight into the Industrial market's current and future state across various regions. The study comprehensively analyses the Acrylic Adhesives Market by segmenting based on Type (Acrylic Polymer Emulsion, Cyanoacrylic Adhesive, Methacrylic Adhesive, UV Curable Acrylic Adhesive), Technology (Water-Based, Solvent-Based, Reactive, Others), End-User Industries (Packaging, Construction & Furniture, Medical devices, Electrical & Electronics, Automotive & Transportation, Consumer Goods, Others). The report examines the market drivers and restraints and the impact of Covid-19 on the market growth in detail. The study covers and includes emerging market trends, development, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with prominent companies and profiles, including their market shares and projects.
Global Acrylic Adhesives Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
North America Acrylic Adhesives Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
United States Acrylic Adhesives Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
Canada Acrylic Adhesives Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
Mexico Acrylic Adhesives Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
Europe Acrylic Adhesives Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
United Kingdom Acrylic Adhesives Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
Germany Acrylic Adhesives Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
Italy Acrylic Adhesives Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
France Acrylic Adhesives Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
Other Supporting Charts
Rest of Europe Acrylic Adhesives Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
South America Acrylic Adhesives Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
Brazil Acrylic Adhesives Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
Argentina Acrylic Adhesives Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
Rest of South America Acrylic Adhesives Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
Asia-Pacific Acrylic Adhesives Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
China Acrylic Adhesives Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
India Acrylic Adhesives Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
Japan Acrylic Adhesives Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
South Korea Acrylic Adhesives Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
Rest of Asia-Pacific Acrylic Adhesives Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
Middle East & Africa Acrylic Adhesives Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
Saudi Arabia Acrylic Adhesives Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
South Africa Acrylic Adhesives Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027
Rest of Middle-East & Africa Acrylic Adhesives Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027