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Strong Demand from Construction and Automotive & Transportation Sector in emerging economies drive the Global Acrylic Adhesive Market

The Acrylic Adhesives market is estimated to register a CAGR of 5.25% during the forecast period of 2023 to 2030.


MRFR recognizes the following companies as the key players in the global Acrylic Adhesives market— H.B. Fuller Company, The 3M Company, Avery Dennison Corporation, Pidilite Industries Limited, Henkel AG & Co. KGaA, Bostik , Sika AG, Eastman Chemical Company, Huntsman Corporation, Toagosei Co., Ltd. , Permabond LLC.


Acrylic Adhesive Market Highlights


The Global Acrylic Adhesives Market Size was valued at USD 8,406.2 million in 2022. The Acrylic Adhesives Market industry is projected to grow from USD 8,672.3 million in 2023 to USD 12,411.0 million by 2030, exhibiting a compound annual growth rate (CAGR) of 5.25% during the forecast period (2023 - 2030).


The global acrylic adhesives market is influenced by several key dynamics. One of the primary drivers is the growing demand from various end-use industries, such as automotive, construction, packaging, and electronics. The increasing need for lightweight and high-performance materials in these industries has led to a surge in demand for acrylic adhesives, which offer superior bonding strength, durability, and resistance to extreme temperatures and weather conditions.


Another important dynamic is the advancements in technology that have led to the development of improved formulations of acrylic adhesives with enhanced properties. Manufacturers are investing heavily in research and development to create new products that can meet the evolving needs of customers and offer better performance than existing products. This trend is expected to provide lucrative market opportunities for acrylic adhesive manufacturers.


However, the market also faces several challenges that could restrain growth, such as the availability of substitutes like epoxy and cyanoacrylate adhesives, which offer similar properties at lower prices. Additionally, the high cost of raw materials required for manufacturing acrylic adhesives and the stringent environmental regulations governing their production and use could limit market growth.


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Segment Analysis


As per MRFR analysis, the global Acrylic Adhesives market has been segmented based on, Type, Technology, Application, and region.


The global Acrylic Adhesives Market segmentation, Based on Type, the global market has been divided into Acrylic Polymer Emulsion, Cyanoacrylic Adhesives, Methacrylic Adhesives, and UV Curable Acrylic Adhesives. The Cyanoacrylic Adhesives segment dominated the global market, accounting for largest share in 2022.


Regional Analysis


By Region, the study segments the Acrylic Adhesives market into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. The Asia-Pacific Acrylic Adhesives market holds the largest market share and is also anticipated to account for the largest revenue share during the forecast period.


The global market owing to the easy availability of raw materials as well as increasing demand from the end-use industries such as automotive, packaging, and others.


Key Findings of the Study



  • The global Acrylic Adhesives market is expected to reach USD 12,411.0 million by 2030, at a CAGR of 5.25% during the forecast period.

  • The Asia-Pacific region accounted for the fastest-growing global market.

  • Based on Type, the Cyanoacrylic Adhesives segment was attributed to holding the largest market in 2022.

  • Based on Application, the Paper & Packaging segment was attributed to holding the largest market in 2022.

  • H.B. Fuller Company, The 3M Company, Avery Dennison Corporation, Pidilite Industries Limited, Henkel AG & Co. KGaA, Bostik , Sika AG, Eastman Chemical Company, Huntsman Corporation, Toagosei Co., Ltd. , Permabond LLC.

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Companies Covered 15
Pages 128
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