Global Acrylic Adhesives Market Size By Acrylic Type (UV-Curable Acrylic ,Cyanoacrylic ,Methacrylic ), By Technology (Water-based, Solvent-based, Reactive), By Geographic Scope And Forecast

Acrylic Adhesives Market Size And Forecast

Acrylic Adhesives Market size was valued at USD 12.10 Billion in 2022 and is calculated to reach USD 23.78 Billion By 2030, growing at a CAGR of 6.13% from 2024 to 2030.

The acrylic adhesives market is really taking off, mainly because industries like automotive and construction are using them all the time. And these industries are growing like crazy! Why? Well, people have more money to spend these days, so they're buying nicer things like cars and fancy homes. But, there's a catch. All those environmental worries are making things tough. See, some adhesives use volatile solvents which aren't exactly eco-friendly. Want the full scoop? Our Global Acrylic Adhesives Market report dives deep. We're talking key segments, the latest trends, what's driving growth (and what's holding it back), the competitive scene, and everything else that matters. It's a comprehensive look at the whole shebang!

Global Acrylic Adhesives Market Definition

Acrylic adhesives are resin-based adhesives that are manufactured using acrylic or methyl-acrylic polymers. Because of this, acrylic adhesives are also referred to as methyl methacrylate or MMA. Acrylic adhesives are used for materials such as aluminum, steel, and several composite materials to increase their bonding with similar or different surfaces. Acrylic adhesives have an extensive role in the automotive industry in installing components such as doors, windshields, windows, etc.

There are various types of acrylic adhesives used for industrial applications. It includes UV-curable acrylic, cyanoacrylic, acrylic polymer emulsion, methacrylic, etc. UV-curable acrylic adhesives are special kinds of adhesives that are cured within seconds of their application. These adhesives do not require any solvent for curing, which is potentially the contributor to VOCs.

Global Acrylic Adhesives Market Overview

The primary growth factors for the Global Acrylic Adhesives Market include their demand in industries such as automotive, construction, and many other industries due to their various applications. The automotive and construction industries are the primary end-users of acrylic adhesives. Adhesives are being used to improve the bonding between materials such as ceramics, wood, metals, plastics, rubber, glass, etc. These materials are common in the automotive and construction sector. The automotive industry greatly relies on materials such as steel, aluminum, and plastic.

Think about all the stuff that goes into a car – doors, windows, seats, the fancy lining, even the insulation! They're all made of different things like foam, glass, leather, you name it. So, you need some seriously good glue to stick all that stuff to the steel body of the car. That's where acrylic adhesives come in. They're designed to create a smooth, strong bond, making the car safer and more structurally sound. That's why the market for these adhesives is booming! But, there's a catchpeople are worried about the harmful chemicals (VOCs) and how they affect the environment, which is a big hurdle for the market to overcome.

Global Acrylic Adhesives Market Segmentation Analysis

The Global Acrylic Adhesives Market has distinct segments based on Acrylic Type, Technology, And Geography.

Acrylic Adhesives Market, By Acrylic Type

• UV-Curable Acrylic
• Cyanoacrylic
• Acrylic Polymer Emulsion
• Methacrylic
• Others

Based on Acrylic Type, the market is segmented into UV-curable acrylic, cyanoacrylic, acrylic polymer emulsion, methacrylic, and others. The acrylic polymer emulsion segment controlled the largest share of the Global Acrylic Adhesives Market by acrylic type. It is because acrylic polymer emulsions are widely used across various industries, such as paper, packaging, and construction. The acrylic polymer emulsions have extensive applications that are contributing to their regionwide demand.

Acrylic Adhesives Market, By Technology

• Water-based
• Solvent-based
• Reactive
• Others

Based on Technology, the market is segmented into water-based, solvent-based, reactive, and others. The water-based technology segment exerted greater control over the Global Acrylic Adhesives Market by technology. Volatile organic compounds are extremely detrimental to the environment, which is the reason behind their decreasing use for industrial applications. This trend has played in favor of the water-based acrylic adhesive segment.

Acrylic Adhesives Market, By Geography

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Latin America

On the basis of Geography, the Global Acrylic Adhesives Market is classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. The Asia Pacific region controlled a greater stake in the Global Acrylic Adhesives Market by region due to its extensive demand for acrylic adhesives. It is because of the demand for acrylic adhesives in the paper and packaging industry, which is the primary end-user for such products. Asia is emerging as a land of opportunities with its cheaper labor and infrastructure development cost to support industrialization.

Key Players

The “Global Acrylic Adhesives Market” study report will provide a valuable insight with an emphasis on the global market. The major players in the market are Sika AG, H B Fuller Company, Huntsman International LLC, Illinois Tool Works Inc, DowDuPont, Henkel AG & Co KGaA, 3M, Pidilite Industries Ltd, Bostik, and Avery Dennison CO. This section offers in-depth analysis through a company overview, position analysis, the regional and industrial footprint of the company, and the ACE matrix for insightful competitive analysis. The section also provides an exhaustive analysis of the financial performances of mentioned players in the given market.

Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.

Key Developments

• In February 2022, Arkema Group acquired Performance Adhesives business of Ashland, a US firm that specializes in high-performance adhesives.
• In February 2022, H B Fuller acquired Fourny NV with the vision of expanding its construction adhesives business in Europe.

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.

Market Attractiveness

The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Global Acrylic Adhesives Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.

Porter’s Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in the Global Acrylic Adhesives Market, gauge the attractiveness of a certain sector, and assess investment possibilities.

Report Scope

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Reasons to Purchase this Report

We dig deep into the market using both qualitative and quantitative analysis, segmenting it by things like the economy and other less obvious factors. You'll get the market value (in USD Billion) for every segment and sub-segment. We'll point out which region and segment are likely to grow the fastest and be the biggest overall. Plus, we'll break down the product/service consumption by region and explain what's driving the market there. See how the big players stack up in the competitive landscape, along with recent launches, partnerships, expansions, and acquisitions from the past five years. We offer extensive company profiles with overviews, insights, product comparisons, and SWOT analysis for the key market participants. Get a clear picture of the industry's current and future, looking at recent developments, growth opportunities, drivers, challenges, and restraints in both new and mature markets. We also provide an in-depth look at the market from different angles using Porter's five forces and give you valuable insight into the Value Chain. Finally, understand the market dynamics and the growth opportunities expected in the coming years. Oh, and don't forget, you get 6 months of post-sales analyst support!

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