Acrylic Adhesives Market: Global Industry Analysis and Forecast (2023-2029)

The Acrylic Adhesives Market size was valued at US$ 11.72 Bn. in 2022 and the total revenue is expected to grow at a CAGR of 5.81% from 2023 to 2029, reaching nearly US$ 17.41 Bn.
Acrylic Adhesives Market Overview:
Acrylic Adhesives Market is expected to reach US$ 17.41 Bn. by 2029. A two-part, resin-based glue made of acrylic or methylacrylic polymers is known as an acrylic adhesive (also known as methylmethacrylate, acrylate, or MMA). They are very resistant to the effects of the environment, exceedingly strong, and effective at joining many items together.



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This report focuses on the different segments of the Acrylic Adhesives market (Technology, Type, Application, and Region). In this report, the top industry participants and regions are in-depthly investigated (North America, Asia Pacific, Europe, Middle East & Africa, and South America). It is an in-depth analysis of the several sectors' fast advancements in the modern era. The primary data analysis from 2018 to 2022 is highlighted through numbers, visualisations, and presentations. The market drivers, restraints, opportunities, and challenges for Acrylic Adhesives are examined in this report. The MMR report's investment suggestions are based on a thorough examination of the current competitive environment in the Acrylic Adhesives market.
Acrylic Adhesives Market Dynamics:
One of the key factors driving market growth is extensive R&D activity and ongoing innovations. Acrylic adhesives have distinguishing qualities including high performance and the capacity to be used in a variety of end-use industries, including the construction, packaging, and pharmaceutical sectors.

Manufacturers of acrylic adhesive are expected to continue to focus heavily on Asia Pacific. It is expected that economic performance will improve in Europe and North America, driving increasing investments in manufacturing and industrial activity. On the other hand, it is expected that the market in China and Japan would experience increased levels of growth during the forecast period.

The U.S. Food and Drug Administration (FDA) developed regulations for the food industry that include functional barriers between food products and the materials used to package them. These regulations help to improve food safety, create a longer shelf life, and maintain the food products' quality. Companies in the industry are increasingly concentrating on creating food-grade packaging materials that abide by regional government rules.

Due to concerns about skin irritation after use, the Centre for Food Safety and Applied Nutrition established the maximum permitted quantity of Alfa Hydroxy Acids components in the cosmetics sector. As a result, it is now required to specify AHA content on packages that are identical, giving accurate information about skin sensitivity from sunburn. As a result, the need for acrylic adhesives in the labelling industry is increasing.

The product is in high demand from emerging economies as a result of technological improvements, growing globalisation, and the use of environmentally friendly adhesives. Operations in the construction, aerospace, and automotive sectors that are technologically sophisticated and economical are expected to boost market growth.

Acrylic adhesives are primarily utilised for hard disc drives and touchscreen displays in the electronics industry, where there is a growing demand for automation and shrinking. Pressure-sensitive adhesives are utilised for hard disc drives' permanent and easily removable labels, filters, and seals, as well as dampening and component assembly needs. They are also utilised in the manufacturing of voice coil motor magnets.

The Acrylic Adhesives market increasing growth is expected to be hampered by fluctuating raw material prices and stringent environmental and safety standards. Aside from them, the market is being prevented from reaching its full potential by tight certifications by OEMs and component manufacturers. R&D costs are much greater than in other sectors.
Acrylic Adhesives Market Segment Analysis:
The Acrylic Adhesives Market is segmented by Technology, Type, and Application.

Based on the Technology, the market is segmented into Water-based, Solvent-based, and Reactive and Others. Water-based technology segment is expected to hold the largest market share of xx% by 2029. The aggressive bond strength, high temperature resistance, and low temperature flexibility of the water-based technology make it appropriate for adhering low-energy substrates. Fastening tapes, which are frequently used in apparel, shoes, furniture, home goods, stationery, autos, and packaging FMCG goods, typically use acrylic adhesives.

Due to their qualities including viscosity, tack, set speed, bond strength, and lay-flat features among others, water-based adhesives find extensive use in the construction, packaging, rigid & non-rigid bonding, tapes, and transportation industries. Global multinationals are working to update their products to meet the needs of a larger market base.

Based on the Application, the market is segmented into Paper & Packaging, Construction, Transportation, Medical, Consumer, Woodworking, Electronics, and Others. Paper & Packaging segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2023-2029. One of the main applications for acrylic adhesives is packaging. Bags, cigarettes, and filters, side seams and closures of cartons, composite containers, and tubes, disposables, envelopes, flexible packaging, labels/signs/decals, speciality packaging, and corrugated boards are only a few examples of the applications.

The packaging market has been growing at the fastest rate in the Asia-Pacific region, with China and India dominating the market. The packaging market in China is expected to grow rapidly, with a CAGR of around 6.8%. The market demand is expected to be driven by this good momentum in the packaging sector. With an annual growth rate of 15% to 20%, packaging is one of the fastest-growing businesses in India. It is starting to take centre stage in the world's packaging business. Packaging is presently the fifth-largest economic sector in the nation. The industry has shown consistent growth over the past few years, and it is expected to increase, especially in the export market.
Regional Insights:
Asia Pacific region is expected to dominate the Acrylic Adhesives Market during the forecast period 2023-2029. Asia Pacific region is expected to hold the largest market share of xx% by 2029. The need for acrylic adhesives in the region is expected to driven by factors including the region's significant increase in building activities, rising packaging demand from the growing e-commerce business platform, and rising production in the food and beverage industry. Due to strict packaging regulations, nations like China and India dominate the market for acrylic adhesives.

Due of the rapid growth of internet access in China and India, the e-commerce packaging market in these nations has the potential to grow more quickly. The demand for food and drink products is also sustaining the continuous growth of the paper packaging and rigid packaging industries in these nations. In addition, these countries' construction industries are expected to grow significantly over the forecast period as a result of a number of planned projects.

In China, there are numerous airport construction projects that are either in the planned or development stages. Airports like Chengdu Shuangliu International Airport, Beijing Capital International Airport, Guangzhou Baiyun International Airport, etc. are among them. In addition, the government unveiled ambitious development plans, which included provisions for the relocation of 250 million people to its new megacities during the forecast period.

The objective of the report is to present a comprehensive analysis of the Global Acrylic Adhesives Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Global Acrylic Adhesives Market dynamic and structure by analyzing the market segments and projecting the Global Acrylic Adhesives Market size. Clear representation of competitive analysis of key players by Distribution Channel, price, financial position, product portfolio, growth strategies, and regional presence in the Acrylic Adhesives Market make the report investor’s guide.
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Acrylic Adhesives Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 11.72 Bn.


Forecast Period 2023 to 2029 CAGR:
5.81%
Market Size in 2029:
US $ 17.41 Bn.


 Segments Covered:
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, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest)
Key Players are :
1. Bayer Corporation
2. Henkel AG & Company
3. 3M Company
4. Bostik SA
5. H.B. Fuller
6. Illinois Tool Works Inc.
7. Covestro LLC
8. Avery Dennison
9. Sika AG
10.Pidilite Industries Limited
11.Royal Adhesives & Sealants, LLC
12.ITW
13.MAPEI Inc.
14.BASF
15.Eastman Chemical Company
16.RPM International Inc.
17.TONSAN Adhesive, Inc.
18.TOAGOSEI CO., LTD

Frequently Asked Questions:

1] Which region is expected to hold the highest share in the Acrylic Adhesives Market?
Ans. Asia Pacific region is expected to hold the highest share in the Acrylic Adhesives Market.

2] Who are the top key players in the Acrylic Adhesives Market?
Ans. Bayer Corporation, Henkel AG & Company, 3M Company, Bostik SA, H.B. Fuller, and Illinois Tool Works Inc. are the top key players in the Acrylic Adhesives Market.

3] Which segment is expected to hold the largest market share in the Acrylic Adhesives Market by 2029?
Ans. Water-based technology segment is expected to hold the largest market share in the Acrylic Adhesives Market by 2029.

4] What is the market size of the Acrylic Adhesives Market by 2029?
Ans. The market size of the Acrylic Adhesives Market is expected to reach US $17.41 Bn. by 2029.

5] What was the market size of the Acrylic Adhesives Market in 2022?
Ans. The market size of the Acrylic Adhesives Market was worth US $11.72 Bn. in 2022.