Acrylic Adhesives Market Size, Trends, Growth Analysis By 2024 - 2031 | The Dow Chemical Company, Eastman Chemical Company

Market Overview:

Acrylic adhesives are solvent-based adhesives made from acrylate polymers that exhibit strong adhesion to a variety of substrates including wood, glass, ceramic, metals and many plastics. They are used in manufacturing, construction and other industries.

Market Dynamics:

The global acrylic adhesives market is expected to witness significant growth over the forecast period owing to increasing demand from the construction industry. The construction industry accounts for a major share of acrylic adhesive consumption globally. As infrastructure development activities are witnessing strong growth in developing regions of Asia Pacific and Latin America, demand for acrylic adhesives is increasing from this industry. Furthermore, acrylic adhesives exhibit high bonding strength along with resistance to heat, moisture and UV rays. They also have low volatile organic compound emissions. This makes them preferable over other adhesives, thereby supporting market growth.

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Major Driver 1: Increasing Demand from Automotive and Transportation Industry

The automotive and transportation industry has been a major end user of acrylic adhesives and this trend is expected to continue going forward. Acrylic adhesives are widely used for bonding different automotive components like vehicle bodies, windshields, body panels, bumpers etc due to their excellent adhesion properties and resistance to harsh environmental conditions like heat, moisture, vibration etc. that vehicles are exposed to. The global automotive production has been growing steadily over the past few years and this is creating consistent demand for acrylic adhesives from OEMs and component manufacturers. Several countries in Asia Pacific and Latin America are witnessing major investments in infrastructure development including rail, metro and road networks which is also fueling the transportation industry and corresponding demand for acrylic adhesives.

Major Driver 2: Rising Usage of Acrylic Adhesives in Building & Construction Applications

The building and construction industry worldwide has emerged as a key consuming sector for acrylic adhesives. They are used for bonding different construction materials such as concrete, wood, metals, composites etc. Applications include gluing of floor and wall tiles, installation of frames and fixtures, glazing and sealing of joints & gaps. The global construction industry has been growing at a steady pace over the past few years driven by increasing infrastructure development projects, urbanization, housing remodeling activities etc. Moreover, acrylic adhesives are increasingly replacing mechanical fasteners in construction due to their bonding strength and versatility. This growing construction industry is expected to translate into rising volume demand for acrylic adhesives during the forecast period.

Major Opportunity: Increasing Utilization in Signage and Graphics Applications

The signage and graphics industry has been growing in scope and size globally driven by expansion of retail sector, brand promotion activities, and construction of commercial buildings with attractive signage systems. Acrylic adhesives are increasingly replacing mechanical fasteners for bonding sign faces and installing signage on various surfaces due to their optical clarity, high bonding strength and weather resistance. They do not yellow or discolor over time maintaining the aesthetic look of signage. This growing signage market presents opportunities for adhesive producers to develop innovative product solutions and gain market share. Investments in R&D of specialty acrylic adhesives tailored for graphics applications would help companies tap into this lucrative opportunity area.

Major Trend: Focus on Developing Sustainable and Green Acrylic Adhesive Formulations

With growing environmental consciousness among consumers as well as stringent regulations, there is a major trend of developing sustainable and green acrylic adhesive formulations across the industry. Major players are investing in R&D to replace petroleum-derived raw materials with bio-based alternatives in adhesive compositions. They are also working on reducing or eliminating volatile organic compound (VOC) content, improving recyclability and enabling adhesive technologies with lower carbon footprint during product life cycle. For example, development of water-based and hot melt acrylic adhesive technologies. Such environment-friendly product innovations would help companies strengthen their brand image, comply with regulations and gain more customers in the long run.

Top Companies Featured in This Report:

★ The Dow Chemical Company
★ Eastman Chemical Company
★ Henkel AG & Company among others.

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Market Segmentation:

By Product Type:

★ apparels, furniture, automotive, stationary, housewares, and for packaging purposes. wooden surfaces, metal, glass, and for waterproofing purposes.

By Applications:

★ carpentry, upholstery, and decorative items

Key Regions/Countries are Classified as Follows:

» North America (U.S., Canada, Mexico)
» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
» South America (Brazil, Argentina, Rest of SA)
» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)

Why Choose Our Comprehensive Market Report:

• Evaluate numerous aspects of the Acrylic Adhesives Market outlook through Porter's Five Forces analysis.

• Examine the growth rate and market shares of various product types and applications/end-users within the Acrylic Adhesives Market.

• Gain insights into the Acrylic Adhesives Market dynamics across different regions.

• Conduct a thorough Covid-19 Impact Analysis using a robust research methodology.

• Stay updated on the latest developments, market shares, and strategies of key players in the Acrylic Adhesives Market.

• Delve into a detailed assessment of the market strategies, geographical presence, and business segments of the top players in the Acrylic Adhesives Market.

• Anticipate key challenges, product advancements, and potential solutions that may influence the market's progress and risks.

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Key Inquiries Addressed in this Report include:

• What was the size of the Acrylic Adhesives Market in 2024, and what is the projected value by 2030?

• What is the present global market landscape for the Acrylic Adhesives Market?

• What strategies offer optimal opportunities for growth maximization in the business?

• What recent trends are shaping the Acrylic Adhesives Market?

• How does the market share of Acrylic Adhesives Market revenue, sales, and size vary across specific geographical regions?

• Who are the prominent industry players in the Acrylic Adhesives Market?

• Which segment of the Acrylic Adhesives Market is experiencing heightened demand?

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