The global acrylic adhesives market is expected to grow at a CAGR of more than 5% over the forecast period. This growth is mainly attributed to increasing application of the product across several end-use industries coupled with the rising demand for durable adhesive products.
Moreover, factors such as growing automation in electronics industry coupled with technology developments, rapid globalization, and surging usage of environment-friendly adhesives. is expected to augment the market growth over the coming years. Demand is anticipated to arise from countries in Asia Pacific region owing to the gradual shift in consumer preferences towards high-quality products. However, factors such as fluctuating price of raw materials and stringent environmental & safety regulations are projected to affect the profitability of the industry
Acrylic Adhesives Market: Type Insights
On the basis of type, the industry is segmented into acrylic polymer emulsion, cyanoacrylic adhesives, methacrylic adhesives, and UV curable acrylic adhesives among others. The acrylic polymer emulsion is further segregated into pure, styrene, vinyl among others. The demand for acrylic polymer emulsion is expected to occupy the highest share owing to factors such as rising application in construction and paper & packaging industries coupled with its easy availability. The cyanoacrylic adhesives segment is further segregated into ethyl cyanoacrylate and methyl cyanoacrylate.
Acrylic Adhesives Market: Technology Insights
On the basis of technology, the industry is segmented into water based, solvent based and, reactive among others. The market for water-based technology is anticipated to occupy the highest share owing to factors such as low-temperature flexibility, superior bond strength, and high-temperature resistance among others. Moreover, rising application of the product in furniture, clothing, stationery, and automobiles among others is also expected to fuel growth.
The solvent-based segment such as poly-coating is also anticipated to grow at a significant CAGR due to advantages such as chemical exposure, high resistance to corrosion and superior durability.
Acrylic Adhesives Market: Application Insights
Based on application, the global acrylic adhesives market is divided into paper & packaging, woodworking, transportation, electrical & electronics, consumer, medical, and construction among others. The medical segment is anticipated to dominate the market over the forecast period owing to growing geriatric population along with increasing application of cyanoacrylic and UV curable adhesives in medical devices.
The paper & packaging segment is also anticipated to grow at a considerable rate owing to increasing consumption of corrugated boxes coupled with growing packaged food industry globally.
Acrylic Adhesives Market: Regional Insights
The Asia Pacific occupied the largest share of the overall acrylic adhesives market in 2016 and is further projected to continue its dominance over the forecast period. The regional growth is expected to be influenced by the availability of cheap labor coupled with high growth observed in the manufacturing industries. Moreover, rising application of the product in construction, paper & packaging and healthcare industries is also likely to favor the market.
Acrylic Adhesives Market: End-Use Landscape
The end-use landscape entails a list of current and prospective consumers prevailing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase acrylic adhesives over the coming years. Some leading consumers of acrylic adhesives are Johnson & Johnson, Amcor, Royal BAM Group, and GlaxoSmithKline among others
Acrylic Adhesives Market: Vendor Landscape
The report contains a chapter dedicated to vendors operating in the market, covering raw material manufactures, equipment developers, manufacturers, and distributors. The report provides these insights on a regional level. This section of the report entails contact details, experience, products manufactured/supplied, and geographical presence of companies.
Acrylic Adhesives Market Share & Competitor Analysis
Some of the players operating in the global digital insurance platform market include H.B. Fuller, Bostik Sa, Henkel AG & Company, Illinois Tool Works Inc., 3M Company, Avery Dennison Corporation, Huntsman Corporation, Pidilite Industries, Avery Dennison Corporation, Royal Adhesives & Sealants, LLC, and Permabond LLC among others.