Reports


Acrylic Adhesives Market Size, Share, Industry Trend Report 2018-2025 (Includes Business Impact of COVID-19)

  • TBI307663
  • August 01, 2019
  • Global
  • 132 pages
  • HCCResearch
                                              Abstract, Snapshot, Market Analysis & Market Definition: Global Acrylic Adhesives Market

The global acrylic adhesives market size was estimated at 3,864.40 kilotons in 2016. Extensive R&D activities and constant innovations are some of the key trends triggering market growth. The market is dynamic in nature. Acrylic adhesives carry characteristic traits such as high performance and ability to be used across diverse end-use industries, which includes construction, packaging, and pharmaceutical.
 
Asia Pacific is anticipated to remain a vital destination for acrylic adhesive manufacturers. Economic performance is projected to rally in Europe and North America, ramping up investments in manufacturing & industrial activities. On the other hand, the market in China and Japan is expected to witness escalated expansion levels in the coming years.
The U.S Food and Drug Administration (FDA) formulated policies in the food sector that incorporate functional barrier between food articles and their packaging materials, which help in enhancing safety, establishing a longer shelf life, and preserving the quality of food items. Companies in the field are now focused on developing food grade packaging materials that comply with government regulations at each regional level.
The Center for Food Safety and Applied Nutrition declared the maximum permissible quantity of Alfa Hydroxy Acids contents in the cosmetics industry owing to skin irritation issues upon usage. Therefore, it has become mandatory now to mention AHA content on the similar packs, providing precise information about skin sensitivity due to sunburn. This, in turn, is creating an upswing in the demand for acrylic adhesives in the labeling industry.
There is a strong demand for the product from emerging economies due to advancements in technology, increasing globalization, and surging usage of environment friendly adhesives. Technologically advanced and cost-effective operations in the automotive, aerospace, and construction industries are likely to support the growth of the market.
There is an increasing demand for miniaturization and automation in the electronics industry, where acrylic adhesives are used majorly for hard disk drives and touchscreen displays. For hard disk drives, pressure sensitive adhesives are used for permanent and cleanly removable labels, filters, and seals along with damping and component assembly purposes. They are also used in voice coil motor magnets assembly.
However, raw material price fluctuations and strict environmental and safety regulations are the bottlenecks in the upward climb of the market. Apart from these, R&D expense is comparatively higher than other sectors and strict certifications by OEM’s and component manufacturers are limiting the market from realizing its utmost potential.

Market Segmentation, Outlook & Viewpoint: Global Acrylic Adhesives Market


Technology Market Segmentation & Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

Water Based

Solvent Based

Reactive & Others


Application Market Segmentation & Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

Packaging

Construction

Wood & Furniture

Transportation

Electrical & Electronics

Consumer Goods

Medical Devices

Others


Key Players, Recent Developments & Regional Insights: Global Acrylic Adhesives Market


Pressure sensitive adhesives have several advantages over conventional packaging materials in terms of excellent mechanical & biological filtration properties. From hardware, porcelain, and jewelry to tailor-made foam packaging materials, these adhesives are extensively used, making them easily available in the market.
Over the coming years, the market is anticipated to witness upsurge in the product demand in flexible packaging applications. Booming packaged food industry in Asia Pacific coupled with strong demand for corrugated boxes is projected to fuel demand for acrylic adhesives in the packaging industry.
Acrylic adhesives are utilized in numerous construction & building applications owing to their excellent strength to weight ratio, insulation properties, durability, and versatility. A wide range of pipe materials and vacuum insulation panels are being used in buildings that operate on low energy requirements. They also help reduce energy costs, by lowering the amount of energy spent for temperature control within the building.
 
Building materials that use these adhesives, add design flexibility to new home, offering a wide variety of colors and profiles. These coatings also find increasing application scope within the construction industry, owing to high mechanical strength and adhesion to numerous substrates. This factor along with constant technological improvements is stirring up the demand for the product in construction applications.
Acrylic adhesives are widely used in the wood and furniture industry owing to their excellent mechanical strength, adhesion, and hardness. With introduction of latest advanced technologies, they are immediate replacement of mechanical fasteners. These tapes stick better over time and are more durable & environmentally sensitive, which makes them popular in the industry. Most of all, they produce minimal fumes and off-gases as compared to asphaltic tapes used in the past.
The automotive industry is one of the largest users of reaction injection molded products. These products are utilized to maximize shock absorption of a car’s fenders & bumpers. There is an increase in consumption of rigid acrylic adhesive foam over the past few years. The primary reason is to reduce the gross vehicular weight, thereby increasing fuel efficiency and complying with regulatory norms set by the government in favor of clean environmental drive. These factors are likely to trigger the growth of the segment during the forecast period.

Regional Insights
North America is poised to witness sluggish growth during the forecast period, as the market has attained maturity. The packaging and construction industries are responsible for high demand for acrylic adhesives in the region. The packaging, automotive, non-woven/hygiene, and e-commerce industries have registered significant growth over the past couple of years. The U.S. represented a large share of product consumption in the region, followed by Canada.
Europe is a home for several industrialized countries such as Germany, France, and the U.K. In other parts of the region, there is a strong demand from several major end-use industries such as furniture, construction, packaging, E-commerce, automotive, and FMCG. Increasing consumer disposable income, flourishing e-commerce, and growing uptake of corrugated packaging are supplementing the growth of the market.
Asia Pacific is an emerging economy with large open space availability to facilitate new project infrastructures and is also rich in availability of skilled labors. Shift in production facilities to emerging economies, particularly China and India, is estimated to propel the regional market. The region comprises of rapidly expanding industries such as automotive, electronics, e-commerce, packaging, and automotive, which are offering phenomenal potential to the market to thrive.
Acrylic Adhesives Market Share Insights
Some of the key manufacturers across the globe are Bayer Corporation, Covestro LLC, BASF, 3M Corporation, Henkel, and Avery Dennison Corporation. These companies hold strong supply chain network and have a sustainable product line that compliments governmental rules and regulations in the industry.
Bayer Corporation, 3M, Henkel, and BASF are the key players in supplier’s arena globally. High level of integration is held by Bayer and Henkel. While, the U.S. is a major market for acrylic adhesives followed by European countries, there is a significant acrylic adhesive imports in India, China, Mexico, and Canada.

Key Insights Covered: Global Acrylic Adhesives Market
1.  North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Acrylic Adhesives industry.
2. Global major manufacturers' operating situation (sales, revenue, growth rate and gross margin) of Acrylic Adhesives industry.
3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Acrylic Adhesives industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Acrylic Adhesives industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Acrylic Adhesives industry.

Research Methodology: Global Acrylic Adhesives Market
  • Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
  • Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
  • Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other

Table of Contents
Chapter 1 Methodology and Scope
1.1 Research methodology
1.2 Research scope and assumptions
1.3 List of data sourcesChapter 2 Executive Summary
2.1 Market snapshotChapter 3 Acrylic Adhesives Market Variables, Trends & Scope
3.1 Market segmentation
3.2 Penetration & growth prospect mapping, 2014 - 2025
3.3 Acrylic adhesives market - value chain analysis
3.4 Regulatory framework
3.5 Technology landscape
3.6 Acrylic adhesives market dynamics
    3.6.1 Market driver analysis
    3.6.2 Rising demand for eco-friendly adhesives in light if sustainability concerns:
    3.6.3 Implemen
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