Global Acrylic Adhesives Market Overview
The Acrylic Adhesives Market Size was valued at USD 8,406.2 million in 2022. The Acrylic Adhesives industry is projected to grow from USD 8,672.3 million in 2023 to USD 12,411.0 million by 2030, exhibiting a compound annual growth rate (CAGR) of 5.25% during the forecast period (2023 - 2030). Acrylic adhesives are versatile bonding materials that are used to join different substrates in various end-use industries, such as automotive, construction, packaging, and electronics. These adhesives offer several advantages over traditional bonding materials, including superior bonding strength, durability, resistance to extreme temperatures and weather conditions, and high transparency.
The Acrylic Adhesives Market is expected to grow at a steady pace in the coming years, driven by increasing demand from various end-use industries such as automotive, construction, electronics, and packaging. Acrylic adhesives are widely used due to their superior properties such as high bonding strength, resistance to temperature and chemicals, and excellent durability.
The market is characterized by the presence of several key players such as Henkel AG & Co. KGaA, 3M Company, and H.B. Fuller Company. These players are focusing on product innovation and development, strategic partnerships, and mergers and acquisitions to strengthen their market position and expand their product portfolio.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Acrylic Adhesives Market Trends
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INCREASING DEMAND FROM END-USE INDUSTRIES SUCH AS AUTOMOTIVE, CONSTRUCTION, AND ELECTRONICS
One of the main drivers of the growth of the Acrylic Adhesives Market is the increasing demand from end-use industries such as automotive, construction, and electronics. In the automotive industry, acrylic adhesives are used for bonding interior and exterior parts, such as trim, panels, and emblems. These adhesives offer excellent bonding strength, durability, and resistance to environmental factors such as moisture, heat, and chemicals. Additionally, acrylic adhesives are also used in the construction industry for bonding building materials, such as glass, metal, and plastic. They are particularly useful in high-stress applications where traditional fastening methods may not be effective.
In the electronics industry, acrylic adhesives are used for bonding components and circuit boards. These adhesives offer excellent electrical insulation properties, which makes them ideal for use in electronic applications. Moreover, they also offer resistance to high temperatures, humidity, and chemicals, which are common in electronics manufacturing processes.
Another reason for the increasing demand for acrylic adhesives in end-use industries is their ability to bond dissimilar materials. This is particularly useful in applications where different materials need to be bonded together, such as in automotive and construction applications. Acrylic adhesives can bond materials such as metal, plastic, and glass, which are commonly used in these industries.
Furthermore, the versatility of acrylic adhesives also makes them an attractive option for end-use industries. Acrylic adhesives can be formulated to have a range of properties, such as high strength, fast curing time, and flexibility. This allows them to be used in a variety of applications across different industries.
Furthermore, the use of acrylic adhesives can also lead to cost savings for companies. While the initial cost of acrylic adhesives may be higher than traditional solvent-based adhesives, they can provide long-term cost savings through reduced waste, improved production efficiency, and lower maintenance costs.
Acrylic Adhesives Market Segment Insights
Acrylic Adhesives by Technology Insights
The Acrylic Adhesives Market segmentation, based on Type has been segmented as Acrylic Polymer Emulsion, Cyanoacrylic Adhesives, Methacrylic Adhesives, and UV Curable Acrylic Adhesives. Among these, the Cyanoacrylic Adhesives is projected to dominate the Acrylic Adhesives Market revenue through the projected period. Cyanoacrylate glue is the industrial name for what is commonly known as “Crazy Glue” or “Super Glue”. In fact, the term cyanoacrylate glue generally describes quick-bonding super glues. They can be used to combine anything from metal to plastic and even human skin.
Acrylic Adhesives by Application Insights
The Acrylic Adhesives Market has been categorized based on Application into Paper & Packaging, Automotive & Transportation, Building & Construction, Electrical & Electronics, Consumer Goods, Medical Devices, and Others. The Paper & Packaging segment accounted for the largest market share in 2022 during the forecast period.
The increasing demand for acrylic adhesives in end-use industries is their ability to bond dissimilar materials. This is particularly useful in applications where different materials need to be bonded together, such as in automotive and construction applications. Acrylic adhesives can bond materials such as metal, plastic, and glass, which are commonly used in these industries.
Furthermore, the versatility of acrylic adhesives also makes them an attractive option for end-use industries. Acrylic adhesives can be formulated to have a range of properties, such as high strength, fast curing time, and flexibility. This allows them to be used in a variety of applications across different industries.
Acrylic Adhesives Regional Insights
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
By Region, the study segments the Acrylic Adhesives market into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. The Asia-Pacific region has emerged as the largest market for petroleum and chemical products, demonstrating its dominance in the global chemical industry. This dynamic market spans many countries, including China, India, Japan, South Korea, and several Southeast Asian countries. The region's rapid economic growth, growing population and robust industrial sector have pushed its position from primary consumer of oil to chemical products. One of the key factors contributing to its dominance in Asia Pacific is its vast manufacturing base. There has been a significant shift in production capacities in the region, with major industries such as petrochemicals, plastics, textiles, and footwear setting up their production facilities here. This has created a massive demand for raw to chemical products that serve as vital raw materials for these industries. In addition, the region's large population and rising disposable incomes have fueled demand for consumer goods. This in turn has increased the need for various chemicals used in the manufacture of products such as packaging materials, personal care items and automotive components. In addition, government initiatives promoting industrialization and infrastructure development have further increased the demand for crude chemical products in Asia Pacific.
Acrylic Adhesives Key Market Players & Competitive Insights
The Acrylic Adhesives Market is characterized by the presence of many global, regional, and local vendors. The market is highly competitive with all the players competing to gain maximum market share. Rapid advancements in processes, manufacturing, and the growing application of Acrylic Adhesives in end-use industries are the key factors that affect global market growth. The vendors compete based on cost, product quality, availability, and reliability of the products. The vendors must provide cost-effective and high-quality Acrylic Adhesives to compete in the market. The competitive scenario is fragmented between tier-1 and tier-2 companies.
The growth of the vendors is dependent on market conditions, government support, and industrial development. Thus, the vendors should focus on expanding their presence and improving their services. H.B. Fuller Company, The 3M Company, Avery Dennison Corporation, Pidilite Industries Limited, Henkel AG & Co. KGaA, Bostik , Sika AG, Eastman Chemical Company, Huntsman Corporation, Toagosei Co., Ltd. , Permabond LLC. are some of the key players operating in the global market. These companies compete in terms of availability, quality, price, and technology. They consider product development as their key strategy in the global Crude to Chemicals market. Additionally, the companies are following both organic and inorganic strategies to strengthen their presence in the global market. They are focusing on product development and expansion to expand their product portfolio and enhance their customer relationship. Additionally, companies are also investing in the development of new and advanced systems with more safety measurements.
H.B. Fuller Company.: H.B. Fuller invests heavily in research and development to create innovative adhesive solutions for its customers. The company's focus on innovation helps it to stay ahead of its competitors and provide unique products and services to its customers. H.B. Fuller has a strong customer-centric approach and works closely with its customers to understand their needs and provide customized solutions. The company has a team of experts who work closely with customers to provide technical support and develop innovative solutions.
3m: 3M’s investment strategy for its pension and postretirement plans is to manage the funds on a going-concern basis. The primary goal of trust funds is to meet the obligations as required. The secondary goal is to earn the highest rate of return possible, without jeopardizing its primary goal, and without subjecting the Company to an undue amount of contribution risk. Innovation is at the core of 3M's business model, and the company invests heavily in research and development to drive growth and stay ahead of the competition. The company has a strong culture of innovation that encourages employees to come up with new ideas and solutions..
Key Companies in the Acrylic Adhesives Market includes.
- Avery Dennison Corporation
- Pidilite Industries Limited
Acrylic Adhesives Industry Developments
June 2022: H.B. Fuller Company launched several Innovative Adhesives that address growing trends in sustainable consumer goods and e-commerce packaging at PRINTPACK INDIA® 2022.
March 2022: 3M announces the debut of 3M™ VHB™ Extrudable Tape, a new manufacturing bonding solution that brings elevated levels of automation, simplicity, and sustainability across industries. This end-to-end bonding solution combines all the benefits of 3M™ VHB™ Tapes with the versatility of a liquid adhesive in a single contained footprint enabling usage on any scale..
August 2023: Bostik, the adhesive solutions division of Arkema, announces an increase in its sustainable offering with the launch of the industry’s first all-temperature, wash-off label adhesive. The Association of Plastic Recyclers (APR) formally recognizes Flexcryl™ ClearCycle 1000 adhesive with all-temperature, wash-off technology as meeting or exceeding the strictest Critical Guidance Criteria for its compatibility with PET bottle label recycling and its benefit to recycling streams.
Acrylic Adhesives Market Segmentation
Acrylic Adhesives Type Outlook
- UV Curable Acrylic Adhesives
Acrylic Adhesives Technology Outlook
Acrylic Adhesives Application Outlook
- Automotive & Transportation
Acrylic Adhesives Regional Outlook
- Middle East & Africa
- Rest of Middle East & Africa
| Attribute/Metric |
Details |
| Market Size 2022 |
USD 8,406.2 million |
| Market Size 2023 |
USD 8,672.3 million |
| Market Size 2030 |
USD 12,411.0 million |
| Compound Annual Growth Rate (CAGR) |
5.45 % (2023-2030) |
| Base Year |
2023 |
| Forecast Period |
2024-2032 |
| Historical Data |
2019 & 2021 |
| Forecast Units |
Value (USD Million) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered |
By on, Type Technology, Application, and By Region |
| Geographies Covered |
North America, Europe, Asia Pacific, Middle East & Africa, and South America |
| Countries Covered |
US, Canada, Mexico, Germany, France, UK, Italy, Spain, China, Japan, India, South Korea, Saudi Arabia, UAE, South Africa, Brazil, Argentina |
| Key Companies Profiled |
H.B. Fuller Company, The 3M Company, Avery Dennison Corporation, Pidilite Industries Limited, Henkel AG & Co. KGaA, Bostik , Sika AG, Eastman Chemical Company, Huntsman Corporation, Toagosei Co., Ltd. , Permabond LLC. |
| Key Market Opportunities |
· Advancements in technology leading to the development of improved formulations of acrylic adhesives with enhanced properties |
| Key Market Dynamics |
· Increasing demand from end-use industries such as automotive, construction, and electronics |
Acrylic Adhesive Market Highlights:
Frequently Asked Questions (FAQ) :
USD 8,406.2 million in 2022
H.B. Fuller Company, The 3M Company, Avery Dennison Corporation, Pidilite Industries Limited, Henkel AG & Co. KGaA, Bostik , Sika AG, Eastman Chemical Company, Huntsman Corporation, Toagosei Co., Ltd. , Permabond LLC. and others.
