Acrylic Adhesives Industry Growth, Segment Analysis, Development and Demand Forecast Report 2030

The acrylic adhesives industry has captured $8,964.1 million in 2021, and it is projected to generate $14,921.4 million revenue in 2030, rising at a rate of 5.8% from 2021 to 2030. It is ascribed to the growing demand for eco-friendly and technologically advanced acrylic adhesives in various sectors.

The continuous expansion of these industries, rising penetration of composites in the aerospace, and automotive sectors, and replacement of conventional fasteners with such agents are major drivers of the industry.

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Acrylic adherents utilize evolving areas led by high performance and its compatibility in various industrial applications, from pharmaceutical to construction, to packaging. The extensive usage in the electronics sector of the APAC region results in its growing demand.

The expansion of the e-commerce sector and the rising industrialization rate are major factors for industry propulsion. Water-based acrylic adhesives possess product assembly, wood gluing, laminating, labeling, foam fabricating, bookbinding, and numerous other applications.

Numerous companies provide water-based acrylic adhesives that utilize urethane technology to make them fit for hot-fill, and boil-in-bag applications, as adhesion improvement primers for inks and extrusion lamination, lidding and PLA films, snack packaging and confectionery, and various other applications.

Furthermore, the demand for the water-based variant is projected to experience the fastest growth rate, of 6.2% in the coming years.

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APAC holds the largest industry revenue, due to the high rise in building activities, and increasing packaging demand in the emerging e-commerce, and food and beverage sector. The rising internet access in India and China has resulted in the growing demand for e-commerce packaging in these countries.

Therefore, the rising industrialization sector boosts the acrylic adhesives industry growth.

Browse more reports:

Green & Bio-Solvents Market -https://bit.ly/3GpQtOb

Water-Based Adhesive Specialty Tapes Market - https://bit.ly/3WwRE3Q

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