Press release
Acrylic Adhesives Market Projected to Grow by 5.9% CAGR by 2024 | Henkel AG & Company, H.B. Fuller, BostikSA, Illinois Tool Works Inc., Sika AG and other
This report on acrylic adhesives market further contains the recent developments, product launches, joint ventures, mergers and acquisitions, and regional growth of the top brands and players. The report also determines the market drivers and restraints with the help of SWOT analysis and Porter’s Five Forces method.
Market Analysis:
The global acrylic adhesives marketa ccounted for USD 8.32billion in 2016 and is projected to grow at a CAGR of 5.9% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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Major Market Competitors:
• Henkel AG & Company
• H.B. Fuller
• BostikSA
• Illinois Tool Works Inc.
• Sika AG
• 3M Company
• Huntsman Corporation
• Avery Dennison Corporation
• Pidilite Industries
• Toagosei Co., Ltd.
• Royal Adhesives & Sealants, LLC
• Permabond LLC and many more.
Major Market Drivers & Restraint:
• Increasing demand for miniaturization and automation in electronics industry
• Increasing demand for acrylic adhesives in Asia-Pacific region
• Stringent environment regulations in European countries
• Volatility in the raw material prices
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Market Segmentation:
The acrylic adhesivesmarket is segmented on the basis of product type into
• temporary acrylic adhesive
• permanent acrylic adhesive
Permanent acrylic adhesive is expected to grow at the highest CAGR over the forecast period.
Forms
• liquid
• paste
• tape
Technology
• Water-based
• Solvent-based
• Reactive and Others
Type
• acrylic polymer emulsion
• cyanoacrylic
• methacrylic
• uv curable acrylic
Acrylic polymer emulsion
• acrylic
• styrene acrylics
• vinyl acrylics
Cyanoacrylic adhesives are further segmented into
• ethyl cyanoacrylate
• methyl cyanoacrylate
• other cyanoacrylates
• methacrylic adhesives
• uv curable acrylic adhesives
Cyanoacrylatesare
• n-butyl cyanoacrylate
• octyl cyanoacrylate
Application
• paper & packaging
• construction
• transportation
• medical
• consumer
• woodworking
• electronics and others
• bookbinding
• signage
• leather & footwear
Competitive Landscape:
The global acrylic adhesivesmarket is highly fragmented with the presence of a large number of players across different regions. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.
Data Bridge Market Research
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