Description
Acrylic adhesives are compounds primarily comprising of methyl acrylic or acrylic polymers. They are mostly applicable for elevated temperatures, with prolonged UV exposure and offering solvent resistance. It is mostly used in several industries like transportation, electronics, paper and packaging, medical and others.
End-user/Technology
Acrylic adhesives are increasingly used in sectors like building and construction, electrical and electronics, transportation, healthcare etc. These adhesives are used for applications like glass, plastic, ceramic etc. Due to low-toxic and eco-friendly nature, Acrylic adhesives are also applicable for end users like footwear and leather, packaging, building and construction, furniture etc.
Market Dynamics
Factors predicted to drive market growth and demand worldwide are as follows
• Increased demand in Asia-Pacific region is contributing to the market growth
• Automation and miniaturization in electronics industry has been a driver for growth
Challenges faced by this market are as follows
• Strict environmental regulatory norms in European countries
• Raw material prices are fluctuating
Market Segmentation
The global Acrylic Adhesives market can be segmented in terms of forms, types,and technology. On the basis of forms, it can be segmented into
• Paste
• Liquid
• Tape
On the basis of types, it can be segmented into
• UV curable acrylic
• Acrylic polymer emulsion
o Styrene Acrylics
o Pure Acrylics
o Vinyl Acrylics
• Methacrylic
• Cyanoacrylic
o Methacrylic adhesives
o Methyl cyanoacrylate
o UV acrylic adhesives
o Ethyl cyanoacrylate
o Other cyanoacrylate
Octyl cyanoacrylate
N-butyl cyanoacrylate
On the basis of application, it can be segmented into
• Medical
• Woodworking
• Paper & packaging
• Transportation
• Consumer
• Others
Regional/Geographic Analysis
The Asia Pacific accounts for the largest market share due to increasing use of packaging, automotive and packaging industry. In Asian countries like India and China, high GDP growth rate and increasing industrial investment are expected to drive the demand for these kinds of adhesives. However, North American and European markets are expected to show sluggish growth due to stringent regulatory norms and also the market is saturated there.
Key Players
Some of the major players include Sika AG, Arkema Group, Dow Chemicals, 3M Co., American Biltrite Inc. Henkel AG & Company etc.
- Market segments
- Market Drivers, Restraints and Opportunities
- Market Size & Forecast 2016 to 2022
- Supply & Demand Value Chain
- Market – Current Trends
- Competition & Major Companies
- Technology and R&D Status
- Porters Five Force Analysis
- Strategic and Critical Success Factor Analysis of Key Players
- North America
- US and Canada
- Latin America
- Mexico, Brazil, Argentina and Rest of Latin America
- Western Europe
- EU5 (Germany, France, Italy, Spain, U.K.)
- Nordic Countries (Denmark, Finland, Norway, and Sweden)
- Benelux (Belgium, The Netherlands, and Luxembourg)
- Rest of Western Europe
- Eastern Europe
- Russia
- Poland
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia and New Zealand
- Rest of Asia Pacific
- Middle East and Africa
- GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
- South Africa
- North Africa
- Rest of Middle East and Africa
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.
- Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
- Consumer and Pricing Analysis
- Market dynamics of the industry
- Market Segmentation
- Estimated Market Sizing in terms of volume and value
- Recent trends in Market and impact
- Research Status and Technology Overview
- Extensive Industry Structure Coverage
