What is Global Acrylic Adhesives Market?
The Global Acrylic Adhesives Market is a vast and dynamic sector that encompasses a wide range of products used in various industries. Acrylic adhesives are a type of adhesive that is made from acrylic polymer emulsion. They are known for their excellent adhesion and environmental resistance, which makes them suitable for a variety of applications. These adhesives are commonly used in the packaging industry, building and construction sector, automotive and transportation industry, electrical and electronics sector, and energy and power sector. They are also used in other areas where strong, durable adhesion is required. The global market for acrylic adhesives is continually evolving, with new developments and innovations driving growth and expansion.
Water-based, Solvent-based, Reactive, Other in the Global Acrylic Adhesives Market:
The Global Acrylic Adhesives Market is segmented based on the type of product, including water-based, solvent-based, reactive, and others. Water-based acrylic adhesives are popular due to their low toxicity and low cost. They are often used in applications where a strong, durable bond is required, such as in the packaging industry. Solvent-based acrylic adhesives, on the other hand, are known for their superior adhesion and resistance to environmental conditions. They are commonly used in the automotive and transportation industry, where they are used to bond various parts and components. Reactive acrylic adhesives are a newer type of adhesive that offers superior performance in terms of adhesion and durability. They are often used in the construction industry, where they are used to bond various materials together. Other types of acrylic adhesives are also available, each with their own unique properties and applications.
Packaging, Building & Construction, Automotive & Transportation, Electrical and Electronics, Energy & Power, Others in the Global Acrylic Adhesives Market:
The Global Acrylic Adhesives Market is used in a variety of areas, including packaging, building and construction, automotive and transportation, electrical and electronics, energy and power, and others. In the packaging industry, acrylic adhesives are used to seal packages and ensure that they are secure during transport. In the building and construction sector, these adhesives are used to bond various materials together, such as bricks, concrete, and wood. In the automotive and transportation industry, acrylic adhesives are used to bond various parts and components together, ensuring that they are secure and durable. In the electrical and electronics sector, these adhesives are used to bond various components together, ensuring that they are secure and protected from environmental conditions. In the energy and power sector, acrylic adhesives are used to bond various components together, ensuring that they are secure and durable. Other areas where acrylic adhesives are used include the medical industry, where they are used to bond various medical devices and equipment together.
Global Acrylic Adhesives Market Outlook:
The Global Acrylic Adhesives Market was valued at US$ 5471.9 million in 2022 and is expected to reach US$ 7077.9 million by 2029. This represents a compound annual growth rate (CAGR) of 3.7% during the forecast period from 2023 to 2029. The market is dominated by a handful of manufacturers, with the top five accounting for 27.33% of the market in 2019. The largest player in the market is Henkel, which held a 14.29% share of the global Acrylic Adhesives market in 2019. This demonstrates the significant role that these manufacturers play in the global market, and the potential for growth and expansion in the coming years.
| Report Metric | Details |
| Report Name | Acrylic Adhesives Market |
| Accounted market size in 2022 | US$ 5471.9 million |
| Forecasted market size in 2029 | US$ 7077.9 million |
| CAGR | 3.7% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Henkel, 3M, Arkema, H.B. Fuller, Soken, Nitto Denko, Avery Dennison, Tesa SE, LG Chem, Berry Plastics, Jiangyin Shuanghua, Xinfeng Group, Sika AG, DuPont, Ashland, Franklin International, Huntsman, Illinois Tool Works, LORD Corporation, Loxeal, Mapei, Huitian, Pidilite Industries, Panacol-Elosol GmbH |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
