Acrylic Adhesives Market to Grow at a CAGR of 5.81%, Reaching USD 18.41 Billion by 2030
Acrylic Adhesives Market Projected to Reach USD 18.41 Billion by 2030, Growing at a CAGR of 5.81%
Summary:
The global Acrylic Adhesives Market was valued at USD 12.40 Billion in 2023, and is projected to grow at a Compound Annual Growth Rate (CAGR) of 5.81% from 2024 to 2030, reaching USD 18.41 Billion. This growth is driven by increased demand in applications across industries such as construction, automotive, packaging, and electronics.
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A) Market Size
The Acrylic Adhesives Market size was valued at USD 12.40 Billion in 2023, with forecasts indicating a robust growth rate, expecting total revenue to reach approximately USD 18.41 Billion by 2030. This growth trajectory reflects the increasing use of acrylic adhesives in various sectors due to their versatility and superior bonding strength.
B) Scope and Research Methodology
This market research provides a detailed analysis of the Acrylic Adhesives Market, breaking down the market by technology, type, application, and geography. A comprehensive study, including both qualitative and quantitative analyses, was conducted using a combination of top-down and bottom-up approaches. Primary research involved in-depth interviews with key industry professionals, while secondary research reviewed reports from leading manufacturers and industry sources. Market dynamics such as inflation, economic fluctuations, and regulatory shifts were thoroughly evaluated to provide a robust market forecast.
C) Report Coverage
This report provides a detailed examination of the Acrylic Adhesives Market, focusing on:
- Market size and forecasts from 2023 to 2030
- Segment-wise growth insights
- Impact of key drivers and trends
- Competitive analysis of market players
D) Overview
Acrylic adhesives, widely used for their strong bonding capabilities, find application across diverse industries including automotive, medical, and packaging. The market is gaining momentum due to rising demand for eco-friendly and durable bonding solutions in various industrial processes.
E) Dynamics
The key drivers propelling market growth include:
- Increased demand for high-performance adhesives in the automotive and construction sectors
- Rising consumer demand for eco-friendly adhesives
- Growing application of acrylic adhesives in medical devices and consumer electronics
Additionally, advancements in adhesive technology and new product formulations are anticipated to expand market opportunities in the coming years.
F) Segmentation
- By Technology: Water-based, Solvent-based, Reactive, and Others
- By Type: Acrylic Polymer Emulsion, Cyanoacrylic, Methacrylic, UV Curable Acrylic
- By Application: Paper & Packaging, Construction, Transportation, Medical, Consumer, Woodworking, Electronics, Others
G) Key Players Include
The major players operating in the Acrylic Adhesives Market are:
- Bayer Corporation
- Henkel AG & Company
- 3M Company
- Bostik SA
- H.B. Fuller
- Illinois Tool Works Inc.
- Covestro LLC
- Avery Dennison
- Sika AG
- Pidilite Industries Limited
- Royal Adhesives & Sealants, LLC
- ITW
- MAPEI Inc.
- BASF
- Eastman Chemical Company
- RPM International Inc.
- TONSAN Adhesive, Inc.
- TOAGOSEI CO., LTD
H) Reason to Buy
Investing in this report will provide you with a comprehensive understanding of market trends, opportunities, and competitive analysis. It is essential for businesses and stakeholders in the adhesive industry to track the growth of the acrylic adhesives market to stay ahead of the competition and capitalize on emerging opportunities.
I) Table of Contents:
- Market Overview
- Market Size and Forecast
- Segmentation by Technology
- Segmentation by Type
- Segmentation by Application
- Regional Analysis
- Competitive Landscape
- Key Market Drivers and Trends
- Impact of COVID-19 on the Acrylic Adhesives Market
- Conclusion and Recommendations
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