Acrylic adhesives are resin-based adhesives that are formed of acrylic or methylacrylic polymers. These adhesives are commonly used to bond several materials such as ceramics, wood, metals, plastics, rubber, glass, and others. Moreover, acrylic adhesives are generally found as syrupy liquids, which are either colorless or slightly colored. These are obtained from monomeric esters or solutions of polyacrylates with the help of a catalyst. In addition, the strength of these adhesives depend on various crucial parameters such as cohesion and adhesion. For instance, adhesion is used to measure the ability of the adhesive to stick to another object whereas the cohesion parameter is used to check ability of the adhesive to stick to itself. Moreover, there are different types of acrylic adhesives available in the market. For instance, acrylic polymer emulsion, cyanoacrylic, and others. Furthermore, these adhesives exhibit properties such as quick bonding with different materials, excellent environmental resistance, and fast-setting times when compared to other resin systems.
Rise in the adoption of these adhesives in the construction, automotive, and other industries is the main driving factor that boosts the growth of the global acrylic adhesives market. Moreover, the increase in use of acrylic adhesives in the packaging industry is another major factor that fuels the growth of the market. However, strict regulations imposed on the use of adhesives restricts the growth of the acrylic adhesive market. In addition, highly volatile nature and the high price of raw materials are other factors that restrain the growth of the market.
The report segments the global adhesives market based on type, end user, technology, and region. Based on product type, the market is divided into UV curable acrylic, cyanoacrylic, acrylic polymer emulsion, methacrylic, and other. Based on technology, the market is classified into water-based, solvent-based, reactive, and others. Based on end-use industry, it is categorized into electronics, paper, packaging, construction, transportation, leather & footwear, medical, woodworking, and other. Others includes bookbinding, signage, and ceramic aerospace.
Based on region, global acrylic adhesive market is studied across North America (U.S., Canada, and Mexico), Europe (Germany, France, Italy, Spain, UK, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and rest of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, South Africa, and rest of LAMEA).
Packaging industry in India and China experiences growth and hence there is a surge in demand for acrylic adhesives in the Asia-Pacific region. Moreover, increase in applications for bookbinding is also expected to fuel the growth of the acrylic adhesives market. The key companies operating in the global market of acrylic adhesives are Huntsman International LLC, Avery Dennison CO, Bostik, DowDuPont, 3M, H B Fuller Company, Henkel AG & Co KGaA, Illinois Tool Works Inc., Pidilite Industries Ltd., and Sika AG.
KEY BENEFITS FOR STAKEHOLDERS:
- The market size has been analyzed across all regions.
- Porter’s five force analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the Acrylic Adhesives industry for strategy building.
- The report outlines the current market trends and future scenario of the market size to understand the prevailing opportunities and potential investment pockets. The market is forecasted.
- Major countries in the region have been mapped according to their individual revenue contribution to the regional market.
- The key drivers, restraints, and market opportunities and their detailed impact analysis are elucidated in the study.
- The Acrylic Adhesives Market analysis covers in-depth information of major industry participants.
Acrylic Adhesives Market Report Highlights
By END-USE INDUSTRY
Key Market Players
Pidilite Industries Ltd, 3M, Illinois Tool Works Inc, DowDuPont, Sika AG, Bostik, Henkel AG & Co KGaA, Avery Dennison CO, Huntsman International LLC, H B Fuller Company