Target Audience of Acrylic Adhesives Market: Manufacturer / Potential Investors, Traders, Distributors, Wholesalers, Retailers, Importers and Exporters, Association and government bodies.
Acrylic Adhesives Market Report provides key statistics on the market status of the Acrylic Adhesives Key-players/Manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the Industry
The global acrylic adhesives market is expected to register a moderate CAGR during the forecast period, 2018-2023. Asia-Pacific dominated the acrylic adhesives market in 2017, and is also expected to register the fastest growth during the forecast period.
Augmenting Demand from the Packaging Industry Driving the Market
The packaging industry was the largest consumer of acrylic adhesives in 2017. In the packaging industry, acrylic adhesive is widely used in tapes, labels, cases and cartons. The packaging industry in North America and Europe are mature markets. Asia-Pacific is the region witnessing considerable growth; especially China and India are the major growing markets for this industry. As the packaging industry is growing, the market for acrylic adhesives is also expected to increase globally owing to the increasing applications. Europe is the largest market for bookbinding adhesives, followed by Asia-Pacific, North America and South America. The demand for books and related materials is expected to increase with the increasing population and literacy rate around the world. Such positive factors are expected to drive the acrylic adhesives market through 2023.
Water-based – The Technology Dominating the Acrylic Adhesives Market
Water-borne adhesives are increasingly becoming an integral part of various end-user industries, owing to their eco-friendly and low-toxic nature, high solid content, and high initial adhesion properties. Furthermore, absence of volatile organic compounds (VOCs) in water-borne adhesives is another major reason for the increasing adoption of water-borne technology over others. Water-borne adhesives are used in a wide range of applications in the automotive, construction, shoe, woodwork & furniture, mattress and paper & packaging industries, amongst others. For instance, automotive production registered a growth rate of 2.4% in 2017 with maximum growth in Asia-Pacific and Europe region. Furthermore, the market is further expected to grow in the upcoming years owing to rising investments in the automotive market. As these industries continue to grow, the market for water based acrylic adhesives too is projected to rise during the forecast period.
Asia-Pacific – The Largest Regional Market
Asia-Pacific accounted for the largest market for acrylic adhesives, owing to a huge demand from countries such as India, China, South Korea, and various countries in Southeast Asia. Expanding packaging industry, increasing demand for appliances and sporting goods, exceptional investments in infrastructure, growing automotive production in various countries, rising manufacturing activities in electrical and electronics, especially in China, are the few factors that are expected to drive the acrylic adhesives market in Asia-Pacific region through the forecast period.
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Major companies covered in this Report:
- 3M Company
- Arkema Group (Bostik SA)
- Ashland Inc.
- Avery Dennison Corp.
- Franklin International
- H.B. Fuller Co.
- Henkel AG & Co. KGaA
- Hexcel Corporation
- Huntsman Corp.
- ITW (Illinois Tool Works Inc.)
- LORD Corp.
- Mapei SPA
- Permabond LLC
- Pidilite Industries
- RPM International
- Sika AG
- Toagosei Co.
- Wacker Chemie AG
Reason to Purchase this ReportAnalyzing various perspectives of the market with the help of Porter’s five forces analysisTo understand the dominating technology and end-user industry in the marketIdentifying the regions and countries, which are expected to witness the fastest growth during the forecast periodIdentifying the latest developments, market shares, and strategies employed by the major market players3-month analyst support, along with the Market Estimate sheet in excel
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This Acrylic Adhesives market report offers an overview of the market trends, drivers, and barriers with respect to the market. A detailed analysis of key players, along with key growth strategies adopted by them is also covered in this report on Acrylic Adhesives market.