Acrylic Adhesives Market by Type (Acrylic Polymer Emulsion, Cyanoacrylic, Methacrylic, UV Curable Acrylic), Application (Paper & Packaging, Construction, Transportation, Medical, Consumer, Electronics), Technology, and Region - Global Forecast to 2022
“The acrylic adhesives market is projected to grow at a CAGR of 5.81% from 2017 to 2022.”
The acrylic adhesives market is projected to grow from USD 8.84 billion in 2017 to USD 11.72 billion by 2022, at a CAGR of 5.81% between 2017 and 2022. Growing demand from applications, such as paper & packaging and building & construction is expected to fuel the growth of the acrylic adhesives market. Stringent regulations by regulatory bodies restrain the manufacturing of solvent-based acrylic adhesives globally. For example, health organizations are regulating the use of chemical-based products in applications where human exposure to such chemicals can lead to serious health hazards.
“Medical is projected to be the fastest-growing application segment of the market during the forecast period.”
Medical is expected to be the fastest-growing application segment of the acrylic adhesives market during the forecast period. Increasing aging population and advancements in medical devices manufacturing such as lightweight and micro machineries will continue to fuel the use of UV curable acrylic and cyanoacrylic adhesives in medical devices, including IV delivery systems, catheters, syringes, hearing aids, silicone rubber components, and others. Such developments and advancements are expected to propel the growth of the acrylic adhesives market.
“Rising demand from Asia-Pacific is a key factor expected to drive the growth of the acrylic adhesives market.”
Asia-Pacific region is the largest market for acrylic adhesives and is expected to witness the highest growth during the forecast period. High economic growth, growth in manufacturing industries, availability of cheap labor, growing end-use markets, and global shift of production facilities from developed markets to emerging markets are some of the key factors driving the acrylic adhesives market in Asia-Pacific.
In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted.
The break-up of the primary interviews is given below:
• By Company Type: Tier 1 – 27%, Tier 2 – 46%, and Others – 27%
• By Designation: C-level – 36%, Director-level – 28%, and Others – 36%
• By Region: Asia-Pacific – 46%, Europe – 27%, North America – 18%, South America-1%, and Middle East & Africa – 8%
Key companies profiled in this market research report include Henkel AG & Company (Germany), 3M Company (U.S.), Bostik SA (France), H.B. Fuller (U.S.), Illinois Tool Works Inc. (U.S.), Avery Dennison (U.S.), Sika AG (Switzerland), and Royal Adhesives & Sealants, LLC (U.S.), among others.
The report covers the market for acrylic adhesives and its applications across different industry verticals and regions. It aims at estimating the market size and future growth potential of the acrylic adhesives market across different formulating technologies, types, applications, and regions. The report also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, recent developments, and key market strategies.
Reasons to buy the Report
The report will help market leaders/new entrants by providing them the closest approximations of revenues of the acrylic adhesives market. This report will help stakeholders to better understand the market’s competitive landscape and gain insights to position their businesses and formulate market strategies. The report will also help stakeholders understand the pulse of the market, and acquire information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
Market Penetration: Comprehensive information on acrylic adhesives offered by the top market players
Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the acrylic adhesives market
Market Development: Comprehensive information about lucrative emerging markets – the report analyzes the markets for acrylic adhesives across varied regions
Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the acrylic adhesives market
Competitive Assessment: In-depth assessment of market shares, growth strategies, products, and manufacturing capabilities of the leading players in the acrylic adhesives market