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The report on Acrylic Adhesives Market that has been recently added by Kenneth Research, offers a complete evaluation of the market and its growth prospects along with new business opportunities in the industry. Additionally, the report contains the market size and annual growth rate for a period of 8 years, i.e. forecast period between 2022 and 2031.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Acrylic Adhesives Market Products.
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According to the statistics by the Invest India, the market value of chemicals industry in India was estimated to be USD 178 billion during the period 2018-2019. Additionally, the data also stated that the demand for petrochemicals in the country is observing a steady growth and is further estimated to grow at a CAGR of 7.5% during 2019-2023. On the other hand, the market for agrochemicals is expected to register a CAGR of 8% during the same period and further attain a market value of USD 4.7 billion by the end of 2025.
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 Acrylic Adhesives 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.
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Key Players
Some of the major players include Sika AG, Arkema Group, Dow Chemicals, 3M Co., American Biltrite Inc. Henkel AG & Company etc.
Report ContentsRegional AnalysisReport Highlights
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
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About Kenneth Research:
Kenneth Research is a multi-client market research database that aims at providing reports that help industry professionals including various individuals and organizations to identify the market trends and scope, thereby making it easier for them to take decisions and form strategies after complete assessment of the market. The various industries catered by the company include healthcare & pharmaceuticals, ICT & telecom, automotive & transportation, energy & power, chemicals, FMCG & food, aerospace & defence and several others. Being a global market research reselling firm, Kenneth Research provides strategic business consultancy services at a global level and offers a single platform for the best market research reports.
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