Acrylic Adhesives Market Outlooks 2021: Market Size, growth rate, Market Segmentation Top Key Players: Henkel AG and Company, B. Fuller, Bostik Sa etc.

Acrylic adhesive refers to a resin-based adhesive that primarily comprises acrylic or methyl acrylic polymers. These adhesives are colorless, transparent, slightly colored, or syrupy liquids, than emulsions, which are usually light-yellow or opaque white in color. Acrylic adhesives are mainly used to bond several materials ranging from plastics, rubber, metals, wood to glass and ceramics, and are obtained from solutions of polyacrylates or monomeric esters. These are also known as light curing materials as they find wide applications in the manufacturing sector due to their strong bond strength and rapid curing time.

Furthermore, the rapid growth of this sector in emerging economies like India and China will also augment the demand for these acrylic adhesives. As per the data shared by the Indian Brand Equity Foundation (IBEF), the appliance and consumer electronics (ACE) market in the country was valued at 10.93 USD billion in 2019, which is further projected to double to reach 21.18 USD billion by 2025. In addition to this, its electrical manufacturing is anticipated to increase at an annual rate of 30% between 2020-25 and clock 163.14 USD billion in additional production during this period. Therefore, a rise in this industry will boost the demand for global acrylic adhesives.

The water-based technology of the acrylic adhesives market is anticipated to expand rapidly during the forecast period. It is increasingly becoming an integral part of several end-user industries, such as automotive, due to its eco-friendly and low-toxic nature, high solid content, and high initial adhesion properties. It provides strong bond strength, high-temperature resistance, and low-temperature flexibility, therefore making it suitable for sticking low-energy substrates.

Acrylic adhesives are widely used in the food and pharmaceutical industries. The U.S Food and Drug Administration (FDA) has formulated policies in the food sector incorporating functional barriers between food articles and their packaging materials that ensure safety, longer shelf life, and quality of food items. This has led to a shift in the focus of the companies to develop food-grade packaging materials that comply with government regulations at each regional level and are, therefore, expected to propel the growth of acrylic adhesives.

According to the India Brand Equity Foundation (IBEF), the production of India's domestic automobiles increased at 2.36% CAGR between 2016 and 2020, with 26.36 million vehicles being manufactured in the country in 2020. Besides, the automobile export reached 4.77 million vehicles in 2020, growing at a CAGR of 6.94% from 2016 to 2020. The below figure shows the number of automobiles exported by the country from 2016 to 2020

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The Major Players Covered in this Report: Henkel AG and Company, B. Fuller, Bostik Sa, Illinois Tool Works Inc., Sika AG, 3M Company, Huntsman Corporation, Avery Dennison Corporation, Pidilite Industries, Toagosei Co., Ltd., Royal Adhesives and Sealants, LLC, Permabond LLC, Franklin International, RPM International Inc, LORD Corporation, & More...

By Type, Acrylic Polymer Emulsion, Pure Acrylic, Styrene Acrylics, Vinyl Acrylics, Cyanoacrylic Adhesives, Ethyl Cyanoacrylate, Methyl Cyanoacrylate, Methacrylic Adhesives, UV Curable Acrylic Adhesives,
By Technology, Water-Based Acrylic Adhesives, Solvent-Based Acrylic Adhesives, Reactive Acrylic Adhesives, Others,
By Application, Construction, Packaging, Electrical and Electronics, Automotive, Wood and Furniture, Medical Devices, Others

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Growing Domestic Demand and Expanding Pharmaceutical Sector to Drive the Demand for Acrylic Adhesives in the APAC Region
Asia-Pacific region is anticipated to hold the largest market share in the global Acrylic Adhesives market during the forecast period 2021-2029. The growth in this region can be attributed to the presence of emerging economies like India, China, Japan, Vietnam, and Indonesia, which account for the largest share in this region. India is one of the largest producers of Acrylic Adhesives and a major exporter of the product to various countries across the globe. India accounts for around 80% of the world’s exports of Acrylic Adhesives. The favorable climatic conditions and growth of agricultural inputs and allied services like cold storage and warehousing in India are prompting higher production.

The report covers exhaustive analysis on:
Overview of the parent market
Global Acrylic Adhesives Market Segments, Dynamics, Market Size, Share, Price, Volume, and Cost
Historical, current and projected market size in terms of volume and value
Global Acrylic Adhesives Market Forecast 2021 to 2029
Supply & Demand Value Chain
Global Acrylic Adhesives Market dynamics, including the current trends/drivers/threats/restraints/challenges
Potential and niche segments/regions exhibiting promising growth
Market landscape, competition, and leading companies involved
Strategies of leading companies and product offerings
Technological advancements

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