Acrylic Adhesives Market Size | US$ 17.41 Bn Forecast 2029 | MAPEI Inc., BASF, Eastman Chemical Company

Maximize Market Research Announces New Report: Acrylic Adhesives Market to Reach US$ 17.41 Bn by 2029

Market Overview

The global acrylic adhesives market is expected to reach US$ 17.41 billion by 2029, growing at a CAGR of 5.81% from 2023. This growth is driven by the increasing demand for lightweight and high-performance adhesives in various end-use industries, such as automotive, construction, and packaging.

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Definition

Acrylic adhesives are a versatile type of adhesive made from acrylic polymers. They offer strong bonding strength, fast curing times, and resistance to chemicals and solvents.

Market Dynamics

Drivers: Growing demand for lightweight materials in transportation, rising disposable incomes leading to increased consumption of packaged goods, and the growing adoption of acrylic adhesives in the medical and electronics industries.
Restraints: Stringent environmental regulations on solvent-based adhesives and fluctuations in raw material prices.
Opportunities: Technological advancements leading to the development of new and improved acrylic adhesives, and the growing demand for eco-friendly adhesives.
Challenges: Intense competition from established players and the threat of substitutes.

Market Trends

Increasing demand for water-based acrylic adhesives due to their environmental benefits.
Growing adoption of UV-curable acrylic adhesives for their fast curing times and high bond strength.
Rising use of acrylic adhesives in the medical device manufacturing industry.

Segmentation

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

Porters Five Force Model

The report includes a Porter's Five Force Model analysis to help businesses understand the competitive landscape of the acrylic adhesives market. This analysis will consider factors such as supplier bargaining power, buyer bargaining power, the threat of new entrants, the threat of substitutes, and competitive rivalry.

Market Players

Bayer Corporation
Henkel AG & Company
3M Company
Bostik SA
H.B. Fuller
Illinois Tool Works Inc.
Covestro LLC
Avery Dennison
Sika AG
Pidilite Industries Limited
Royal Adhesives & Sealants, LLC
ITW
MAPEI Inc.
BASF
Eastman Chemical Company
RPM International Inc.
TONSAN Adhesive, Inc.
TOAGOSEI CO., LTD

Regional Analysis

The report provides a detailed regional analysis of the acrylic adhesives market, covering North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The analysis will identify key growth markets and factors influencing regional growth.

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