Acrylic Adhesives Market Set to Reach US$ 18.41 Billion by 2030, Growing at a CAGR of 5.81%
Acrylic Adhesives Market Poised for Strong Growth, Projected to Hit US$ 18.41 Billion by 2030
Summary: The global Acrylic Adhesives Market was valued at US$ 12.40 billion in 2023 and is forecasted to grow at a CAGR of 5.81% from 2024 to 2030, reaching nearly US$ 18.41 billion by 2030. This market expansion is driven by increasing demand across various industries such as paper and packaging, construction, transportation, medical, and electronics. The market’s growth is further propelled by innovations in adhesive technologies and the rising trend of sustainable and eco-friendly bonding solutions.
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A) Market Size
The Acrylic Adhesives Market achieved a valuation of US$ 12.40 billion in 2023 and is on track to expand significantly over the next several years. With a projected compound annual growth rate (CAGR) of 5.81% between 2024 and 2030, the market is anticipated to reach US$ 18.41 billion by 2030. The growth is attributed to robust demand from key sectors such as construction, transportation, medical, and consumer electronics.
B) Scope and Research Methodology
This report provides a detailed analysis of the global acrylic adhesives market. Utilizing both top-down and bottom-up approaches, the research includes data triangulation to estimate market sizes and growth rates. Comprehensive primary and secondary research methodologies have been applied to validate data, ensuring the accuracy and reliability of the market insights presented. The study explores various market segments and sub-segments, providing an all-encompassing overview of the market dynamics.
C) Report Coverage
The report delves into the global acrylic adhesives market by segmenting it based on technology, type, and application. Key technologies such as water-based, solvent-based, and reactive acrylic adhesives are explored, alongside applications in diverse sectors like paper & packaging, construction, transportation, and electronics. Detailed company profiles of leading players and regional market trends are also included in the report.
D) Overview
Acrylic adhesives are a versatile solution that offers strong bonding capabilities across a wide range of materials. They are widely used due to their durability, resistance to environmental stress, and ease of application. The increasing adoption of acrylic adhesives is driven by their superior bonding strength and the rising demand for high-performance adhesives across industries such as automotive, construction, and healthcare.
E) Dynamics
The growth of the acrylic adhesives market is fueled by several key drivers:
- Technological Advancements: Continuous innovation in adhesive technologies and eco-friendly formulations.
- Expanding Industrial Applications: Increased use in automotive, medical devices, construction, and electronics.
- Sustainability: Growing demand for environmentally friendly and sustainable adhesives, as well as advancements in bio-based solutions.
- Rising Demand for Packaged Goods: Surge in demand for efficient packaging solutions that require high-quality adhesives.
However, challenges like fluctuating raw material prices and stringent environmental regulations may hinder market growth in the short term.
F) 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
G) Key Players Include:
- 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
H) Reasons to Buy:
- Market Insights: Understand the drivers, restraints, and opportunities within the acrylic adhesives industry.
- Competitive Landscape: Gain insight into key players’ strategies and their market shares.
- Growth Opportunities: Discover new trends, technologies, and applications driving market expansion.
- Regional Analysis: In-depth exploration of regional dynamics and their impact on market growth.
I) Table of Contents:
- Executive Summary
- Market Introduction
- Market Dynamics
- Market Segmentation and Forecast
- Competitive Landscape
- Regional Analysis
- COVID-19 Impact Analysis
- Future Outlook and Conclusion
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