Market Synopsis:
Acrylic Adhesive belongs to a class of adhesive that are manufactured by using methacrylate and acrylate monomer as a major feedstock. Moreover, Acrylic Adhesive is divided into two categories such as water based and solvent based. Solvent and water act as a carrier for the solids in the coating process and are removed during the curing process. Acrylic Adhesive exhibits superior properties such as excellent temperature resistance, high humidity as well as UV resistance, good adhesion to a variety of substrates. With the above mentioned properties, they find wide applications in paper & packaging, electrical & electronics, construction, automotive & transportation, and others.
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Market Segmentation:
The Global Acrylic Adhesive Market is classified on the basis of type, technology, application, and region.
On the basis of type, the market is segmented into acrylic polymer emulsion, UV curable, cyanoacrylate, methyl methacrylate, and others.
On the basis of technology, the market is classified into water based, solvent based, and others.
On the basis of application, the market is categorized into automotive & transportation, paper & packaging, construction, electrical & electronics, and others.
On the basis of region, this market is segmented into Asia Pacific, Europe, Latin America, North America, and the Middle East and Africa.
Key Global Players:
The prominent players operating in the Global Acrylic Adhesive Market include; H.B. Fuller (U.S.), Henkel AG & Co. KGaA (Germany), Bostik S.A. (France), Sika AG (Switzerland), Eastman Chemical Company (U.S.), 3M (U.S.), AVERY DENNISON CORPORATION. (U.S.), Pidilite Industries Limited (India), Royal Adhesives & Sealants (U.S.), Huntsman International LLC. (U.S.).
Regional Analysis:
The Global Acrylic Adhesive Market is categorized into five regions: Asia Pacific, Europe, Latin America, North America, and the Middle East and Africa.
Among these, Asia Pacific region is predicted to grow at the highest CAGR over the assessment period due to rising demand for numerous applications such as automotive & transportation, construction, and electrical & electronics. The demand for Acrylic Adhesive is projected to propel the market growth in the various countries of Asia Pacific such as Malaysia, China, India, Vietnam, Thailand, Singapore, South Korea, and Japan owing to high adoption rate by the automobile manufacturers.
Furthermore, increasing number of working professionals as well as growing demand for packaged products is expected to raise flexible and rigid packaging requirements, which is likely to fuel the market growth. Additionally, increased purchasing power, reasonable regulatory framework, and ease in the availability of low-cost raw materials & labor are likely to add fuel to the regional acrylic adhesive growth of the market during the forecast period, 2017-2023.
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