According to TechSci Research report, “Acrylic Adhesives Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F”, Global Acrylic Adhesives market is anticipated to upsurge at an impressive rate in the forecast period 2028, due to the growing trend towards lightweight and high-performance materials. The acrylic adhesives market is constantly evolving with new products being launched by various companies. These new products are designed to offer improved performance, durability, and sustainability, among other benefits. Some of the key trends in the acrylic adhesives market include the development of new formulations with improved properties, the expansion of production capacities and distribution networks, and the adoption of sustainable and eco-friendly practices.
The development of smart adhesive technologies is the major advancement that the acrylic adhesives market is observing. These adhesives are designed to change their properties in response to external stimuli, such as temperature, humidity, or pH. This allows for precise control of adhesive properties and can lead to new applications in fields such as medicine, where smart adhesives could be used for targeted drug delivery or wound healing.
Health and safety concerns, volatility of raw material prices, and stringent regulations & certifications are factors that are key hurdles to the growth of the global acrylic adhesives market. Acrylic adhesives must comply with various environmental and safety standards, as well as meet the specifications of OEMs and component manufacturers. This can limit the acrylic adhesives market potential and increase the R&D costs.
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Global acrylic adhesives market is segmented based on type, technology, application, and region.
Based on type, the market is segmented into acrylic polymer emulsion, cyanoacrylate adhesive, methacrylic adhesives, and others. The Acrylic polymer emulsion segment is expected to hold the largest market share in the forecast period due to its excellent adhesion, flexibility, and water resistance. It can bond to a variety of substrates, such as wood, metal, plastic, and paper. It also has low shrinkage and high stability under different environmental conditions.
Based on technology, the market is fragmented into water-based, solvent-based, and reactive. The water-based acrylic segment is expected to hold the highest market share in its segment due to factors, including increased environmental regulations and the demand for safer, more sustainable products than other alternatives making the water-based acrylic segment as dominating technology in the acrylic adhesives market. They have low VOC emissions, high-temperature resistance, and good adhesion to various substrates. These advantages make them suitable for applications in the construction, packaging, electronics, and transportation industries.
Based on application, the market is categorized into packaging, construction, wood & furniture, consumer goods, and others. The packaging industry is considered the largest application segment for acrylic adhesives due to the widespread use of these adhesives in labels, tapes, and laminates. The acrylic adhesives offer high adhesion, durability, and resistance to water and chemicals. The packaging industry is growing rapidly due to the increasing demand for food and beverage products, healthcare products, and e-commerce products. Acrylic adhesives play a vital role in ensuring the quality and safety of these products.
Major companies operating in the global acrylic adhesives market are:
- 3M Company
- Henkel AG & Company
- Covestro LLC
- Bostik SA
- Sikka AG
- HB Fuller Co
- Huntsman Corp
- Avery Dennison Corp
- Pidilite Limited Industries
- Royal Adhesives and Sealants LLC
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“One of the latest developments in the acrylic adhesives market is the use of bio-based raw materials in the production of acrylic adhesives. Bio-based acrylic adhesives are made from renewable resources such as vegetable oils, starches, and sugars, which reduces the dependence on fossil fuels and helps to reduce the environmental impact of the manufacturing process. These bio-based acrylic adhesives have similar properties to traditional acrylic adhesives, such as excellent adhesion strength, durability, and resistance to temperature and chemicals, but they are more sustainable and environmentally friendly. Several regulations and policies have been implemented to promote the use of environmentally friendly acrylic adhesives. For example, in the European Union, the REACH regulation requires the registration, evaluation, and authorization of chemicals to ensure their safe use. Governments also provide support for research and development to drive acrylic adhesives market growth through grants and funding initiatives.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Acrylic Adhesives Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F”, Segmented By Type (Acrylic Polymer Emulsion, Cyanoacrylate Adhesive, Methacrylic Adhesives, Others), By Technology (Water Based, Solvent Based, Reactive), By Application (Packaging, Construction, Wood & Furniture, Consumer Goods, and Others), By Region, and Competition, has evaluated the future growth potential of global acrylic adhesives market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the global acrylic adhesives market.”
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