Global Acrylic Adhesives Market size was valued at US$ 9.8 Bn in 2019 and the total revenue is expected to grow at 5.81 % through 2020 to 2026, reaching nearly US$ 12.2 Bn.
The global Acrylic Adhesives market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The global Acrylic Adhesives report also provides trends by market segments, technology, and investment with a competitive landscape.
Global Acrylic Adhesives Market Overview:
Acrylic adhesives have properties like high performance and the ability to use across various end-use industries include construction, packaging, and pharmaceutical.
Global Acrylic Adhesives Market Dynamics:
Growing End-use industries
Increasing acrylic adhesives applications in construction, paper & packaging, medical, transportation, woodworking, consumer, and electronics. This factor act as a major driver of acrylic adhesives market size. This development shows the potential for the growth of vendors in the acrylic adhesives market. The market is estimated to generate prominent revenues on the back of growing demand for long-lasting adhesive products from all worldwide locations.
Fluctuation in raw material prices
Raw material price fluctuations and government strict environmental and safety regulations are the bottlenecks in the upward climb of the market. Apart from these, R&D expense is comparatively higher than other sectors and strict certifications by OEM’s and component manufacturers are limiting the market from realizing its utmost potential.
Global Acrylic Adhesives Market Segment Analysis:
By Type, the acrylic adhesives market is bifurcated into acrylic polymer emulsion, Cyanoacrylic, Methacrylic, and UV curable acrylic. The acrylic polymer emulsion segment held the largest share of the acrylic adhesives market in 2019 thanks to their easy availability and wide acceptability in paper & packaging and construction sectors.
Global Acrylic Adhesives Market
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By Application, the market is bifurcated into paper & packaging, construction, transportation, medical, consumer, and electronics. Paper & packaging application account for the largest market share in 2019 and is expected to grow at a rapid pace during the forecast period 2020-2026 thanks to growing demand from acrylic adhesives from packaging industries.
Global Acrylic Adhesives Market
Global Acrylic Adhesives Market Regional Insights:
North America is expected to dominating the Acrylic Adhesives Market
North America is expected to witness significant growth in the global acrylic adhesives market during the forecast period 2020-2026. Increasing packaging & construction industries propel the acrylic adhesives market growth in the region. The packaging, automotive, non-woven/hygiene, and e-commerce industries are registered a major growth during the forecast period.
Europe is expected to be the second-largest Acrylic Adhesives Market
Europe is expected to hold the largest market during the forecast period thanks to strong demand from various end-use industries including furniture, construction, packaging, E-commerce, automotive, and FMCG. Increasing per capita disposable income, flourishing e-commerce are enhancing the growth of the market.
Global Acrylic Adhesives Market
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, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the Global Acrylic Adhesives market dynamics, structure by analyzing the market segments and project the Global Acrylic Adhesives market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Acrylic Adhesives market make the report investor’s guide.
Recent Developments
In May 2017, Saint-Gobain announced that they have signed an agreement with Biolink, a German Manufacturer of solvent-free acrylic resin adhesive tapes, to acquire their 100% of equity.
In January 2015, Toyochem Co., Ltd. Which is a subsidiary of Toyo Ink SC Holdings Co., Ltd announced that they have executed assignments and Purchase Agreement to acquire rights related to solvent-based acrylic pressure sensitive adhesive technology from Rohm and Haas Chemicals LLC of Philadelphia, Pennsylvania, a subsidiary of The Dow Chemical Company.
Global Acrylic Adhesives Market Scope: Inquire before buying
Global Acrylic Adhesives Market
Global Acrylic Adhesives Market, by Region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
Global Acrylic Adhesives Market Key Players
• Bayer Corporation
• Henkel AG & Company
• 3M Company
• Bostik SA
• H.B. Fuller
• Illinois Tool Works Inc.
• Covestro LLC
• Avery Dennison
• Sika AG
• Pidilite Industries Limited
• Royal Adhesives & Sealants, LLC
• ITW
• MAPEI Inc.
• BASF
• Eastman Chemical Company
• RPM International Inc.
• TONSAN Adhesive, Inc
• TOAGOSEI CO., LTD
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