Press release
Acrylic Adhesive Market Outlook 2023-2030: Trends, Drivers & Challenges
The Global Acrylic Adhesives Market was valued at USD 8,406.2 million in 2022 and is projected to reach USD 12,411.0 million by 2030, growing at a CAGR of 5.25% from 2023 to 2030
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Drivers
Increasing Demand in Construction & Building
Acrylic adhesives are widely used in construction for bonding insulation panels, tiles, and roofing materials. Rapid urbanization and infrastructure development globally drive market growth.
Expansion of Automotive and Transportation Sector
Lightweight bonding solutions in automobiles and aircraft help in fuel efficiency. Acrylic adhesives offer strong, durable, and flexible bonds, which are ideal for automotive applications.
Growth in the Packaging Industry
The rise in e-commerce and demand for flexible packaging fuels the usage of acrylic adhesives for labeling, tapes, and case/carton sealing.
Superior Bonding Properties
Acrylic adhesives offer excellent resistance to UV, solvents, and temperature fluctuations, making them ideal for industrial applications.
Leading Companies Operating in the Acrylic Adhesive Market Are:
H.B. Fuller Company, The 3M Company, Avery Dennison Corporation, Pidilite Industries Limited, Henkel AG & Co. KGaA, Bostik , Sika AG, Eastman Chemical Company, Huntsman Corporation, Toagosei Co., Ltd. , Permabond LLC.
Restraints
Volatility in Raw Material Prices
Acrylic adhesives are derived from petrochemical-based feedstocks. Price fluctuations in raw materials such as acrylic acid and methacrylate can impact profit margins.
Environmental Regulations
Stringent environmental norms regarding VOC (Volatile Organic Compound) emissions, especially in North America and Europe, can hinder market growth and require costly formulation changes.
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Acrylic Adhesives Market Segmentation
Acrylic Adhesives Type Outlook
Acrylic Polymer Emulsion
Pure Acrylic
Styrene Acrylic
Vinyl Acrylic
Cyanoacrylic Adhesives
Ethyl Cyanoacrylate
Methyl Cyanoacrylate
Other Cyanoacrylates
Methacrylic Adhesives
UV Curable Acrylic Adhesives
Acrylic Adhesives Technology Outlook
Water-Based
Solvent-Based
Reactive
Acrylic Adhesives Application Outlook
Paper & Packaging
Automotive & Transportation
Building & Construction
Electrical & Electronics
Consumer Goods
Medical Devices
Others
Opportunities
Eco-Friendly and Water-Based Formulations
Rising environmental awareness is creating a demand for low-VOC and water-based acrylic adhesives, opening new product development avenues.
Emerging Markets Expansion
Developing regions like Asia-Pacific, Latin America, and Africa offer significant market opportunities due to growth in manufacturing, packaging, and infrastructure.
Technological Advancements
Innovations in adhesive chemistry, such as UV-curable or high-performance hybrid acrylic adhesives, can penetrate high-end industrial applications.
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Challenges
High Competition from Substitute Adhesives
Alternatives like epoxy, polyurethane, and silicone adhesives pose competition due to varying performance attributes tailored to specific end uses.
Adhesion to Low-Energy Substrates
Acrylic adhesives sometimes show limited bonding strength on surfaces like polyethylene and polypropylene, requiring surface treatment or primers, increasing application costs.
Table of Content
SECTION I: EXECUTIVE SUMMARY AND KEY HIGHLIGHTS
EXECUTIVE SUMMARY
• Market Overview
• Key Findings
• Market Segmentation
• Competitive Landscape
• Challenges and Opportunities
• Future Outlook
SECTION II: SCOPING, METHODOLOGY AND MARKET STRUCTURE
SECTION III: QUALITATIVE ANALYSIS
SECTION IV: QUANTITATIVE ANALYSIS
SECTION V: COMPETITIVE ANALYSIS
LIST Of tables
LIST Of figures
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