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

Acrylic Adhesives Market Snapshot:

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. They have several excellent properties, such as efficient bonding, improvisation in the elasticity and viscosity of hardened compositions with the addition of modifiers, resistance to sunlight and humidity, and stability under fluctuating temperatures, among others. The aforementioned qualities make them ideal for a broad range of applications in industries, such as construction, electronics, packaging, automotive, medical devices, and others.

Additionally, acrylic adhesives are largely preferred over conventional and traditional adhesives as they can be used for both binding materials and sealing and coating products. Therefore, the increasing demand for acrylic adhesives in diverse end-use industries is anticipated to propel the growth of the adhesives market during the forecast period. However, the highly volatile nature of the prices of raw materials is anticipated to hamper the overall development of the acrylic adhesives market.

The extensive use of acrylic adhesives in the products such as touch screens and hardware due to rapid automation and miniaturization in the consumer electronics industry to improve the degree of accuracy and increase efficiency is anticipated to boost the growth of the global acrylic adhesives market. The UV cured adhesives are significantly consumed in the electronics industry due to the growing need for rapid assembly lines, which has enabled the manufacturers to optimize production lines by adopting UV cured adhesives to enhance production rates.

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.

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.

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The Major Prominent 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

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

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.

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Key Questions Answered in The Report:
What will the Acrylic Adhesives market growth rate?
What are the key factors driving the global Acrylic Adhesives market?
Who are the key manufacturers in the Acrylic Adhesives market space?
What are the market opportunities, market risk, and market overview of the Acrylic Adhesives market?
What are sales, revenue, and price analysis of top manufacturers of the Acrylic Adhesives market?
Who are the distributors, traders, and dealers of the Acrylic Adhesives market?
What are the market opportunities and threats faced by the vendors in the global Steerable Medical Devices Industry?
What are sales, revenue, and price analysis by types and applications of the Acrylic Adhesives Industry?
What are sales, revenue, and price analysis by regions of Acrylic Adhesives industry?
What are the driving factors contributing to market growth during the short, medium, and long term?

Key Acrylic Adhesives Market Trends:
- The report identifies, determines, and forecasts the Global Acrylic Adhesives Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Acrylic Adhesives Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is Expected to Drive the Growth
- Rising Adoption of Market Segments in this Growth
- North American, Europe is Expected to Witness Higher Growth Rate over the Forecast Period
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Acrylic Adhesives Market.

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