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    Acrylic Adhesive Market

    ID: MRFR/CnM/3158-CR
    128 Pages
    Anshula Mandaokar
    October 2023

    Acrylic Adhesives Market Research Report Information By Type (Acrylic Polymer Emulsion, Cyanoacrylic Adhesives, Methacrylic Adhesives, and UV Curable Acrylic Adhesives), Technology (Water-Based, Solvent-Based, Reactive, and Others), Application (Paper & Packaging, Automotive & Transportation, Building & Construction, Electrical & Electronics, Consumer Goods, Medical Devices, and Others), And Region And By Region (North America, Europe, Asia-Pacific, Latin America, And The Middle East & Africa) -Global Forecast To 2030

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    Acrylic Adhesive Market Summary

    As per Market Research Future Analysis, the Global Acrylic Adhesives Market was valued at USD 8,406.2 million in 2022 and is projected to reach USD 12,411.0 million by 2030, growing at a CAGR of 5.25% from 2023 to 2030. The market is driven by increasing demand from automotive, construction, electronics, and packaging industries due to the superior properties of acrylic adhesives, such as high bonding strength and durability. Key players like Henkel AG & Co. KGaA, 3M Company, and H.B. Fuller Company are focusing on product innovation and strategic partnerships to enhance their market presence.

    Key Market Trends & Highlights

    The Acrylic Adhesives Market is witnessing significant growth driven by various end-use industries.

    • Market Size in 2022: USD 8,406.2 million.
    • Projected Market Size by 2030: USD 12,411.0 million.
    • CAGR from 2023 to 2030: 5.25%.
    • Largest Market Segment in 2022: Paper & Packaging.

    Market Size & Forecast

    2022 Market Size USD 8,406.2 million
    2023 Market Size USD 8,672.3 million
    2030 Market Size USD 12,411.0 million

    Major Players

    Henkel AG & Co. KGaA, 3M Company, H.B. Fuller Company, Avery Dennison Corporation, Bostik, Sika AG.

    Acrylic Adhesive Market Trends

      • INCREASING DEMAND FROM END-USE INDUSTRIES SUCH AS AUTOMOTIVE, CONSTRUCTION, AND ELECTRONICS

    One of the main drivers of the growth of the Acrylic Adhesives Market is the increasing demand from end-use industries such as automotive, construction, and electronics. In the automotive industry, acrylic adhesives are used for bonding interior and exterior parts, such as trim, panels, and emblems. These adhesives offer excellent bonding strength, durability, and resistance to environmental factors such as moisture, heat, and chemicals. Additionally, acrylic adhesives are also used in the construction industry for bonding building materials, such as glass, metal, and plastic. They are particularly useful in high-stress applications where traditional fastening methods may not be effective.

    In the electronics industry, acrylic adhesives are used for bonding components and circuit boards. These adhesives offer excellent electrical insulation properties, which makes them ideal for use in electronic applications. Moreover, they also offer resistance to high temperatures, humidity, and chemicals, which are common in electronics manufacturing processes.

    Another reason for the increasing demand for acrylic adhesives in end-use industries is their ability to bond dissimilar materials. This is particularly useful in applications where different materials need to be bonded together, such as in automotive and construction applications. Acrylic adhesives can bond materials such as metal, plastic, and glass, which are commonly used in these industries.

    Furthermore, the versatility of acrylic adhesives also makes them an attractive option for end-use industries. Acrylic adhesives can be formulated to have a range of properties, such as high strength, fast curing time, and flexibility. This allows them to be used in a variety of applications across different industries.

    Furthermore, the use of acrylic adhesives can also lead to cost savings for companies. While the initial cost of acrylic adhesives may be higher than traditional solvent-based adhesives, they can provide long-term cost savings through reduced waste, improved production efficiency, and lower maintenance costs.

    The global acrylic adhesives market is poised for robust growth, driven by increasing demand across diverse industries such as automotive, construction, and packaging, which underscores the material's versatility and performance characteristics.

    U.S. Department of Commerce

    Acrylic Adhesive Market Drivers

    Market Growth Projections

    The Global Acrylic Adhesives Market Industry is projected to experience substantial growth in the coming years. With an estimated market value of 8.93 USD Billion in 2024, the industry is expected to expand significantly, reaching 16.0 USD Billion by 2035. This growth trajectory indicates a compound annual growth rate of 5.46% from 2025 to 2035. Such projections reflect the increasing adoption of acrylic adhesives across various sectors, driven by their superior bonding properties and versatility. The anticipated growth underscores the importance of the Global Acrylic Adhesives Market Industry in meeting the evolving needs of diverse industries.

    Growth in Construction Activities

    The Global Acrylic Adhesives Market Industry is significantly influenced by the ongoing growth in construction activities worldwide. As urbanization accelerates, the demand for construction materials that offer durability and flexibility increases. Acrylic adhesives are increasingly utilized in various applications, including bonding glass, tiles, and other materials in both residential and commercial projects. This trend is expected to contribute to the market's expansion, with projections indicating a rise to 16.0 USD Billion by 2035. The construction sector's reliance on acrylic adhesives for their performance characteristics suggests a robust future for the Global Acrylic Adhesives Market Industry, particularly in emerging economies.

    Rising Demand in Automotive Sector

    The Global Acrylic Adhesives Market Industry experiences a notable surge in demand driven by the automotive sector. As manufacturers increasingly prioritize lightweight materials for fuel efficiency, acrylic adhesives are favored for their strong bonding capabilities. In 2024, the market is projected to reach 8.93 USD Billion, reflecting the automotive industry's shift towards advanced adhesive technologies. This trend is further supported by the growing emphasis on sustainability, as acrylic adhesives are often more environmentally friendly compared to traditional options. Consequently, the automotive sector's expansion is likely to propel the Global Acrylic Adhesives Market Industry forward, with significant growth anticipated in the coming years.

    Diverse Applications Across Industries

    The Global Acrylic Adhesives Market Industry benefits from diverse applications across various sectors, including automotive, construction, electronics, and healthcare. This versatility allows acrylic adhesives to cater to a wide range of bonding needs, from structural applications to delicate electronic components. As industries continue to evolve, the demand for specialized adhesive solutions is likely to increase. The market's adaptability to different applications suggests a robust growth trajectory, with projections indicating a rise to 16.0 USD Billion by 2035. This diversity in applications not only enhances the Global Acrylic Adhesives Market Industry's resilience but also positions it as a key player in the adhesive market.

    Increasing Demand for Eco-Friendly Products

    The Global Acrylic Adhesives Market Industry is witnessing a shift towards eco-friendly products, driven by consumer awareness and regulatory pressures. As industries strive to reduce their environmental footprint, acrylic adhesives that are low in volatile organic compounds (VOCs) are gaining traction. This trend is particularly evident in sectors such as packaging and construction, where sustainable practices are becoming the norm. The growing preference for environmentally responsible products is likely to enhance the market's appeal, as manufacturers adapt to meet these evolving consumer demands. The focus on sustainability may further bolster the Global Acrylic Adhesives Market Industry, positioning it favorably for future growth.

    Technological Advancements in Adhesive Formulations

    Technological advancements in adhesive formulations are reshaping the Global Acrylic Adhesives Market Industry. Innovations in polymer chemistry have led to the development of high-performance acrylic adhesives that offer enhanced properties such as improved temperature resistance and faster curing times. These advancements cater to diverse industries, including electronics and packaging, where precision and reliability are paramount. As manufacturers continue to invest in research and development, the market is poised for sustained growth. The anticipated compound annual growth rate of 5.46% from 2025 to 2035 indicates that these technological improvements will likely drive the Global Acrylic Adhesives Market Industry to new heights.

    Market Segment Insights

    Acrylic Adhesives by Technology Insights

    The Acrylic Adhesives Market segmentation, based on Type has been segmented as Acrylic Polymer Emulsion, Cyanoacrylic Adhesives, Methacrylic Adhesives, and UV Curable Acrylic Adhesives. Among these, the Cyanoacrylic Adhesives is projected to dominate the Acrylic Adhesives Market revenue through the projected period. Cyanoacrylate glue is the industrial name for what is commonly known as “Crazy Glue” or “Super Glue”. In fact, the term cyanoacrylate glue generally describes quick-bonding super glues. They can be used to combine anything from metal to plastic and even human skin.

    Acrylic Adhesives by Application Insights

    The Acrylic Adhesives Market has been categorized based on Application into Paper & Packaging, Automotive & Transportation, Building & Construction, Electrical & Electronics, Consumer Goods, Medical Devices, and Others. The Paper & Packaging segment accounted for the largest market share in 2022 during the forecast period.

    The increasing demand for acrylic adhesives in end-use industries is their ability to bond dissimilar materials. This is particularly useful in applications where different materials need to be bonded together, such as in automotive and construction applications. Acrylic adhesives can bond materials such as metal, plastic, and glass, which are commonly used in these industries.

    Furthermore, the versatility of acrylic adhesives also makes them an attractive option for end-use industries. Acrylic adhesives can be formulated to have a range of properties, such as high strength, fast curing time, and flexibility. This allows them to be used in a variety of applications across different industries.

    Get more detailed insights about Acrylic Adhesives Market Research Report - Global Forecast Till 2030

    Regional Insights

    Acrylic Adhesives Regional Insights

    Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review

    By Region, the study segments the Acrylic Adhesives market into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. The Asia-Pacific region has emerged as the largest market for petroleum and chemical products, demonstrating its dominance in the global chemical industry. This dynamic market spans many countries, including China, India, Japan, South Korea, and several Southeast Asian countries. The region's rapid economic growth, growing population and robust industrial sector have pushed its position from primary consumer of oil to chemical products. One of the key factors contributing to its dominance in Asia Pacific is its vast manufacturing base.

    There has been a significant shift in production capacities in the region, with major industries such as petrochemicals, plastics, textiles, and footwear setting up their production facilities here. This has created a massive demand for raw to chemical products that serve as vital raw materials for these industries. In addition, the region's large population and rising disposable incomes have fueled demand for consumer goods. This in turn has increased the need for various chemicals used in the manufacture of products such as packaging materials, personal care items and automotive components.

    In addition, government initiatives promoting industrialization and infrastructure development have further increased the demand for crude chemical products in Asia Pacific.

    Key Players and Competitive Insights

    The Acrylic Adhesives Market is characterized by the presence of many global, regional, and local vendors. The market is highly competitive with all the players competing to gain maximum market share. Rapid advancements in processes, manufacturing, and the growing application of Acrylic Adhesives in end-use industries are the key factors that affect global market growth. The vendors compete based on cost, product quality, availability, and reliability of the products. The vendors must provide cost-effective and high-quality Acrylic Adhesives to compete in the market. The competitive scenario is fragmented between tier-1 and tier-2 companies.

    The growth of the vendors is dependent on market conditions, government support, and industrial development. Thus, the vendors should focus on expanding their presence and improving their services. 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. are some of the key players operating in the global market. These companies compete in terms of availability, quality, price, and technology. They consider product development as their key strategy in the global Crude to Chemicals market.

    Additionally, the companies are following both organic and inorganic strategies to strengthen their presence in the global market. They are focusing on product development and expansion to expand their product portfolio and enhance their customer relationship. Additionally, companies are also investing in the development of new and advanced systems with more safety measurements.

    H.B. Fuller Company.: H.B. Fuller invests heavily in research and development to create innovative adhesive solutions for its customers. The company's focus on innovation helps it to stay ahead of its competitors and provide unique products and services to its customers. H.B. Fuller has a strong customer-centric approach and works closely with its customers to understand their needs and provide customized solutions. The company has a team of experts who work closely with customers to provide technical support and develop innovative solutions.

    3m: 3M’s investment strategy for its pension and postretirement plans is to manage the funds on a going-concern basis. The primary goal of trust funds is to meet the obligations as required. The secondary goal is to earn the highest rate of return possible, without jeopardizing its primary goal, and without subjecting the Company to an undue amount of contribution risk. Innovation is at the core of 3M's business model, and the company invests heavily in research and development to drive growth and stay ahead of the competition.

    The company has a strong culture of innovation that encourages employees to come up with new ideas and solutions.. 

    Key Companies in the Acrylic Adhesive Market market include

    Industry Developments

    June 2022: H.B. Fuller Company launched several Innovative Adhesives that address growing trends in sustainable consumer goods and e-commerce packaging at PRINTPACK INDIA® 2022.

    March 2022: 3M announces the debut of 3M™ VHB™ Extrudable Tape, a new manufacturing bonding solution that brings elevated levels of automation, simplicity, and sustainability across industries. This end-to-end bonding solution combines all the benefits of 3M™ VHB™ Tapes with the versatility of a liquid adhesive in a single contained footprint enabling usage on any scale..

    August 2023: Bostik, the adhesive solutions division of Arkema, announces an increase in its sustainable offering with the launch of the industry’s first all-temperature, wash-off label adhesive. The Association of Plastic Recyclers (APR) formally recognizes Flexcryl™ ClearCycle 1000 adhesive with all-temperature, wash-off technology as meeting or exceeding the strictest Critical Guidance Criteria for its compatibility with PET bottle label recycling and its benefit to recycling streams.

    Future Outlook

    Acrylic Adhesive Market Future Outlook

    The Acrylic Adhesives Market is projected to grow at a 5.46% CAGR from 2024 to 2035, driven by advancements in technology, increasing demand in automotive applications, and sustainable product development.

    New opportunities lie in:

    • Invest in R&D for bio-based acrylic adhesives to meet sustainability demands.
    • Expand distribution networks in emerging markets to capture new customer segments.
    • Leverage digital marketing strategies to enhance brand visibility and customer engagement.

    By 2035, the Acrylic Adhesives Market is expected to achieve robust growth, positioning itself as a leader in innovative adhesive solutions.

    Market Segmentation

    Acrylic Adhesives Type Outlook

    Acrylic Polymer Emulsion
    • Pure Acrylic
    • Styrene Acrylic
    • Vinyl Acrylic

    Acrylic Adhesives Regional Outlook

    North America
    • US
    • Canada
    • Mexico

    Acrylic Adhesives Technology Outlook

    • Water-Based
    • Solvent-Based
    • Reactive

    Acrylic Adhesives Application Outlook

    • Paper & Packaging
    • Automotive & Transportation
    • Building & Construction
    • Electrical & Electronics
    • Consumer Goods
    • Medical Devices
    • Others

    Report Scope

    Attribute/Metric Details
    Market Size 2022 USD  8,406.2 million
    Market Size 2023 USD  8,672.3  million
    Market Size 2030 USD  12,411.0 million
    Compound Annual Growth Rate (CAGR) 5.45 % (2023-2030)
    Base Year 2023
    Forecast Period 2024-2032
    Historical Data 2019 & 2021
    Forecast Units Value (USD Million)
    Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    Segments Covered By on, Type Technology, Application, and By Region
    Geographies Covered North America, Europe, Asia Pacific, Middle East & Africa, and South America
    Countries Covered US, Canada, Mexico, Germany, France, UK, Italy, Spain, China, Japan, India, South Korea, Saudi Arabia, UAE, South Africa, Brazil, Argentina
    Key Companies Profiled 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.
    Key Market Opportunities ·       Advancements in technology leading to the development of improved formulations of acrylic adhesives with enhanced properties
    Key Market Dynamics ·       Increasing demand from end-use industries such as automotive, construction, and electronics

    Market Highlights

    Author
    Anshula Mandaokar
    Team Lead - Research

    Anshula Mandaokar holds an academic degree in Chemical Engineering and has been contributing to the field for more than 5 years. She has expertise in Market Research and Business Consulting and serves as a Team Lead for a reputed Market Research firm under the Chemicals and Materials domain spectrum. She has worked on multiple projects, generating explicit results in a quick turnaround time. Her understanding of data interpretation justifies her role as a leader.

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    FAQs

    How much is the Acrylic Adhesives Market?

    USD 8,406.2 million in 2022

    What is the growth rate of the Acrylic Adhesives Market?

    5.25%

    Which region held the largest market share in the Acrylic Adhesives Market?

    Asia-Pacific

    Who are the key players in the 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. and others.

    Acrylic Adhesives Market Research Report - Global Forecast Till 2030 Infographic
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