Global Acrylic Adhesive Market: Demand Analysis and Growth Forecast
Acrylic adhesive is a type of resin-based adhesive which consists of an acrylic or methylacrylic polymers. Acrylic polymers are solutions of acrylic acid, acrylamide, or acrylonitrile. These polymers are known for their strong structural bonds, high durability, their capabilities to handle prolonged UV exposure, and high temperatures.
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(2018 - 2023)”
These adhesives have a wide range of applications in the automotive, manufacturing, and packaging industries. They are also used in products such as clothing, shoes, furniture, housewares, stationery, and packaging of FMCG goods. According to a recent market research report from IndustryARC, the global acrylic adhesive market will remain profitable during the forecast period from 2018 to 2023.
Acrylic Adhesive Market: Key Drivers and Disruptive Trends
Acrylic adhesive is emerging as alternatives for bolts, welding, rivets, screws, and other traditional attachments in industrial applications. Diverse end-user applications are the key drivers of this market. The electronics industry has also shown interest in adopting the adhesive for permanent and cleanly removable labels.
Innovations in the adhesive technology is in trend because of increasing globalization and urging use of environment-friendly adhesives. Technically sound and reasonable operations in the aerospace, automotive, and construction industries are expected to induce growth in the acrylic adhesive market. Long term exposure to this kind of adhesives increases the probability of respiratory problems. Disposal of acrylic adhesives is one major challenge for the market.
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Acrylic Adhesive Market: Leading Segments
The acrylic adhesive market can be segmented on the basis of type, into water-based acrylic adhesives and solvent-based adhesives. In terms of applications, the acrylic adhesive market has been bifurcated into the end-use industries of automotive, construction, industrial, medical, and electronics. Geographically, the IndustryARC report gauges the demand potential of all important regions including North America, South America, and Asia Pacific.
Acrylic Adhesive Market: Competitive Landscape
Key players in the industry are The Dow Chemical Company, 3M, Sika AG, Henkel AG, and Eastman Chemical Company. The competition in this industry is high, and the major aspect in which these companies compete is pricing differentiation. In this scenario, the companies investing in the development of eco-friendly adhesive are likely to succeed in this market.
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Acrylic adhesive is an essential part of the packaging, manufacturing, and automotive industries. Traits such as high durability, strong structural bond, and clean removal process are responsible for the global acceptance of this adhesive. Conversely, this market is yet to experience an innovative revolution as eco-friendly adhesives are still awaited.
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