Acrylic adhesives are synthetic adhesives made from acrylics and other polymers. Because of their superior strength and ability to bond a variety of materials, including plastics, metals, and wood, they are commonly used in industrial applications. Because of their superior environmental safety, low odour, and quick curing time, acrylic adhesives are frequently used as an alternative to traditional solvent-based adhesives. Because of their high strength and heat resistance, they have been used in industries such as automotive, aerospace, and electronics. Acrylic adhesives have seen a significant increase in demand in recent years due to their wide range of applications and ability to bond a wide range of materials.
The report "Acrylic Adhesives Industry by Type (Acrylic Polymer Emulsion, Cyanoacrylic, Methacrylic, UV Curable Acrylic), Application (Paper & Packaging, Construction, Transportation, Medical, Consumer, Electronics), Technology, and Region”. The acrylic adhesives market size was projected to grow USD 11.72 Billion by 2022, at a CAGR of 5.81%.
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In developed regions like North America and Europe, the demand for acrylic adhesives is anticipated to increase because of technological improvements. The market is anticipated to rise in the near future due to factors including shorter cure times, improved performance advantages, greater adherence to a variety of substrates, resistance to chemicals, and numerous advances in acrylic adhesive products. Due to consumer demand for higher performance, the market for acrylic adhesives is transitioning away from conventional solvent-based adhesives and towards high-performance goods like reactive acrylic and pressure-sensitive acrylic adhesives.
Based on application, the paper & packaging application is projected to lead the acrylic adhesives market during the forecast period
The paper and packaging application is expected to lead the acrylic adhesives market during the forecast period, owing to its increasing use in the production of flexible and rigid packaging, labels and tags, tapes and adhesives, and printing and writing paper. The growing demand for paper and packaging in the food and beverage industries, as well as rising consumer awareness about the environmental benefits of using recycled paper and biodegradable packaging materials, are expected to drive the growth of the acrylic adhesives market. The use of acrylic adhesives in the production of paper and packaging materials ensures improved bonding strength and a longer shelf life for the products. Furthermore, the increasing popularity of e-commerce and the growing demand for online retail packaging are expected to create significant opportunities for the acrylic adhesives market.
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Based on formulation technology, the water-based adhesives segment is projected to lead the acrylic adhesives market during the forecast period
Water-based adhesives are expected to lead the acrylic adhesives market during the forecast period due to benefits such as low cost, ease of use, and environmental friendliness. These adhesives are used in traditional applications such as furniture, automotive interiors, and paper converting. Water-based adhesives are also used in the packaging industry due to their good adhesion to a variety of substrates and ability to form strong bonds with a variety of materials, including paper, cardboard, and plastic. Furthermore, rising demand for eco-friendly adhesives is expected to drive the growth of the water-based adhesives segment during the forecast period.
Asia-Pacific is expected to lead the acrylic adhesives market during the forecast period
The Asia-Pacific region is expected to lead the acrylic adhesives market during the forecast period due to the presence of numerous multinational companies. This is due to an increase in demand for acrylic adhesives from the packaging, construction, and automotive industries. In addition, the region is seeing an increase in infrastructure investments, which is expected to drive demand for acrylic adhesives. The region's presence of numerous automobile manufacturers is also expected to drive demand for acrylic adhesives. Growing demand for acrylic adhesives in China, Japan, and India is expected to drive the regional market.
Key companies operational in the market 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.) and others.
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