Acrylic Adhesives Market Growth, Size and Share Analysis by 2030 | SNS Insider

Market Scope & Overview

According to a report from SNS Insider, the value of acrylic adhesives market was estimated to be USD 11.55 billion in 2022. It is projected to expand at a compound annual growth rate (CAGR) of 5.5% during the forecast period of 2023-2030, eventually reaching USD 17.72 billion by 2030.

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The Major Key Company Profiles included in Acrylic Adhesives market study are:

·        3M

·        Avery Dennison Corporation

·        Henkel AG & Co. KGaA

·        Sika AG

·        Eastman Chemical Company

·        Royal Adhesives & Sealants

·        TOAGOSEI CO., LTD

·        Permabond LLC

·        B. Fuller Company

·        Pidilite Industries Limited

·        Bostik

·        Huntsman International LLC

·        Tonsan Adhesive Inc

Acrylic adhesives are a type of adhesive or glue that is formulated using acrylic polymers. These adhesives are known for their strong bonding properties and are widely used in various industries and applications.

Market Analysis

The global adhesive market has witnessed significant growth in recent years, and acrylic adhesives have emerged as a versatile and widely used category within this market. Acrylic adhesives have found expanding applications in the medical industry, primarily in the assembly of medical devices and equipment. They offer advantages such as biocompatibility, sterilization resistance, and low toxicity, making them suitable for medical-grade bonding. As the demand for medical devices continues to grow, driven by an aging population and advancements in healthcare technology, the acrylic adhesives market is poised to benefit from this trend.

Impact of Recession

A recession can negatively impact the acrylic adhesives market through reduced demand, delayed projects, price pressure, supply chain disruptions, shifts in consumer behavior, and changes in market dynamics. However, it's important to note that the severity and duration of these effects can vary depending on the specific economic conditions and the resilience of the adhesive industry.

Segmentation Analysis

The acrylic adhesives market is witnessing a shift towards environmentally friendly solutions, with the water-based segment leading the way. The demand for water-based acrylic adhesives is driven by their eco-friendliness, superior performance, and compliance with stringent regulations. Similarly, the paper & packaging segment is experiencing substantial growth due to increased demand for advanced packaging materials and innovative solutions in various industries.

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The Acrylic Adhesives Market Segments and Sub-Segments are Listed Below:

By Technology

• Water-based
• Solvent-based
• Reactive and Others

By Type

• Acrylic Polymer Emulsion
• Cyanoacrylic
• Methacrylic
• UV Curable Acrylic

By Application

• Paper & Packaging
• Construction
• Transportation
• Medical
• Consumer
• Woodworking
• Electronics
• Others

Regional Status & Analysis

With its unmatched technological advancements, robust industrial infrastructure, growing demand across multiple sectors, and focus on eco-friendly solutions, North America is set to dominate the acrylic adhesives market. The region's ability to consistently deliver high-quality products and drive innovation places it at the forefront of this expanding industry. As North American manufacturers continue to push the boundaries of adhesive technology, they are well-positioned to shape the future of the global market, while meeting the evolving needs of diverse industries worldwide.

Conclusion

The market is poised for robust growth in the coming years, fueled by increasing demand in construction, automotive, medical, and other industries. Technological advancements and product development efforts are driving innovation, enabling manufacturers to meet evolving customer requirements. Moreover, the market's expansion into emerging economies presents significant growth opportunities.

Frequently Asked Questions/ Key Reasons to Purchase this Report

>What is the projected outlook for acrylic adhesives market growth?

Ans- The market is projected to surpass a valuation of USD 17.72 billion by the year 2030.

>What are the major factors influencing the acrylic adhesives market

Ans- With its versatile properties and wide-ranging applications, acrylic adhesives are set to play a vital role in adhesive solutions across industries, making it an exciting and promising market for stakeholders and investors alike.

>Who are the leading players in the acrylic adhesives market?

Ans- 3M, Avery Dennison Corporation, Royal Adhesives & Sealants, TOAGOSEI CO., LTD, Permabond LLC, Henkel AG & Co. KGaA, Sika AG, B. Fuller Company, Pidilite Industries Limited, Tonsan Adhesive Inc.

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Table of Contents – Major Key Points

1. Introduction

2. Research Methodology

3. Market Dynamics

4. Impact Analysis

 4.1 COVID-19 Impact Analysis

 4.2 Impact of Ukraine- Russia war

 4.3 Impact of ongoing Recession on Major Economies

5. Value Chain Analysis

6. Porter’s 5 forces model

7. PEST Analysis

8. Global Acrylic Adhesives Market Segment, By Technology

9. Global Acrylic Adhesives Market Segment, By Type

10. Global Acrylic Adhesives Market Segment, By Application

11. Regional Analysis

12. Company Profiles

13. Competitive Landscape

14. Conclusion

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