Acrylic Adhesives Market Size
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Study Period | 2017 - 2028 |
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Market Size (2024) | USD 15.89 Billion |
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Market Size (2028) | USD 20.14 Billion |
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Largest Share by End User Industry | Packaging |
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CAGR (2024 - 2028) | 6.10 % |
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Largest Share by Region | Europe |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Acrylic Adhesives Market Analysis
The Acrylic Adhesives Market size is estimated at 15.89 billion USD in 2024, and is expected to reach 20.14 billion USD by 2028, growing at a CAGR of 6.10% during the forecast period (2024-2028).
15.89 Billion
Market Size in 2024 (USD)
20.14 Billion
Market Size in 2028 (USD)
5.97 %
CAGR (2017-2023)
6.10 %
CAGR (2024-2028)
Largest Market by End-user Industry
59.45 %
value share, Packaging, 2023
Packaging is the dominant end-user industry in the market owing to its widespread usage in pressure-sensitive applications such as labels and tapes.
Largest Market by Technology
77.83 %
value share, Water-borne, 2023
Water-borne is the largest technology type in the market owing to its wide range of applications in the packaging and construction industries.
Largest Market by Region
34.77 %
value share, Europe, 2023
Europe, driven mainly by Germany, United Kingdom, France, and Italy, is the largest regional acrylic adhesives consumer owing to its usage in various end-user industries.
Fastest Growing Market by Region
6.60 %
Projected CAGR, Europe, 2024-2028
With the increasing demand for food and beverage packaging and the building and construction industry, the Europe region is forecast to be the fastest-growing region in the market.
Leading Market Player
7.07 %
market share, 3M, 2021
3M is the leading acrylic adhesives manufacturer globally, owing to its various product offerings for the packaging industry.
Advancement in material technology to augment the growth of acrylic adhesives
- Acrylic adhesives are widely used in the construction industry because of their applications, such as waterproofing, weather-sealing, cracks sealing, and bonding. The construction industry globally is expected to grow 3.5% annually up to 2030. Asia-Pacific and Europe accounted for 67% of the global construction market's growth in 2021. Thus, construction acrylic adhesives account for the largest share of the global adhesives market by volume.
- Adhesives are widely used in the automotive industry because of their application to surfaces such as glass, metal, plastic, and painted surfaces. Their features are helpful in the automotive industry, such as extreme weather resistance, durability, and long-lasting. These are used in engines and car gaskets. The electric vehicles segment of the automotive industry is expected to record a 17.75% CAGR globally in the forecast period, 2022-2028, because of the increased demand in growing economies. This is expected to increase demand for automotive acrylic adhesives in the forecast period 2022-2028.
- Different adhesives are widely used in electronics and electrical equipment manufacturing. They are used for bonding and sealing sensors and cables. The electronics and household appliances industries are expected to record CAGRs of 2.51% and 5.77%, respectively, which will lead to an increase in demand for acrylic adhesives in the forecast period 2022-2028.
- Adhesives are used in the healthcare industry for applications such as assembling medical device parts. The increase in healthcare investments worldwide is expected to lead to an increase in demand for acrylic adhesives in the forecast period 2022-2028.
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Asia-Pacific and Europe to carry the global demand for acrylic adhesives
- The Asia-Pacific region accounted for the largest share of the demand for acrylic adhesives throughout the entire study period because of the large number of construction and packaging activities, automotive, medical devices, and aerospace production capacities, and other well-established end-user industries in the region. China is the largest construction and automotive market globally and accounted for up to 55% of the demand from the Asia-Pacific region in 2021.
- During 2017-19, the demand for acrylic adhesives witnessed steady growth. The rising demand from construction and packaging industries in Europe and North America were major drivers of growth. The decline of the demand from the automotive industry globally restricted the growth of the demand for acrylic adhesives during this period. declined with a CAGR of 2.89% during this period, 2017-19.
- In 2020, the demand for acrylic adhesives from all end-user industries declined because of the covid-19 pandemic. In some countries like South Africa, and Brazil among others construction activities were deemed essential and were allowed to operate during the pandemic. Factors like these have cushioned the global impact restricting the decline to 6.69%.
- In 2021, due to the relief packages and support schemes in countries like the United States, Australia, and countries in the EU among others, the demand started to recover and this growth trend is expected to continue throughout the forecast period. Increased investments and budget allotments witnessed in countries of Europe, South America, and the Asia Pacific regions are expected to be major driving factors for this growth. The global demand for acrylic adhesives is expected to grow with a CAGR of 4.43% during the forecast period, 2022-2028.
Global Acrylic Adhesives Market Trends
Fast paced growth of e-commerce industry in developing nations to augment the industry
- In 2020, the packaging industry started with multiple long-term trends driving higher demand, and growth accelerated as economic activity switched to address the challenges posed by the COVID-19 pandemic. The industry's robust performance supported rising revenues and the expansion of important end markets such as food and beverage and healthcare and also demonstrated the industry's general stability during a period of overall economic uncertainty.
- Packaging M&A activities soared in 2021, as buyers and sellers enthusiastically returned to the market after deal-making almost ceased during the pandemic in 2020. During the pandemic, the strong performance of packaging companies reinforced the idea that the industry offers stability during moments of general market turbulence. The pandemic also strengthened previously existing tailwinds, including rapid e-commerce expansion and brand owners employing packaging to differentiate their products on supermarket shelves, positioning the sector for stronger long-term growth.
- As of now, dissolvable packaging, space-saving packaging, and smart packaging are a few innovations that have come up in the packaging industry. The adoption of edible packaging, an interesting and innovative alternative that alleviates the reliance on fossil fuels and has the potential to significantly decrease the carbon footprint, is now becoming popular across the food industry owing to its sustainability. These factors have created a growth opportunity for the packaging industry in the food and beverage sector, which is expected to boost the packaging industry's growth during the forecast period.
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Growing residential and infrastructural development to thrive the construction sector
- The building and construction industry witnessed steady growth, with a CAGR of 2.6% from 2017 to 2019. This growth was driven by the upswing in global economic activity and increasing demand for single-family homes. In 2020, the COVID-19 pandemic had a major impact on the global building and construction industry. Constraints in labor supply, disruptions in construction finances and the supply chain, and economic uncertainty negatively impacted the global building and construction industry.
- Though the industry showed positive growth in 2021, the pandemic's effect on supply chains, which resulted in a hike in raw material prices, is still plaguing the industry. However, as the construction industry heavily influences a nation's economy, countries in Europe, North America, and Asia-Pacific have used the construction industry to restart their economic cycles by offering support schemes. Some support schemes include the Homebuilder Programme in Australia and the economic recovery plan of EU countries.
- The Asia-Pacific region experiences the highest volume of construction activities, and it is expected to remain the largest construction market till 2028 due to its huge population, increasing urbanization, and increasing investments in infrastructural development in countries like China, India, Japan, Indonesia, and South Korea.
- Increasing emphasis on green buildings and efforts to reduce emissions from global construction activities are expected to result in more sustainable operational procedures during the forecast period. For example, France has sanctioned EUR 7.5 billion for the construction industry to transform itself into a low-carbon energy economy.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Rapid growth of civil and military aviation will boost the aircraft production
- Easy availability of resources will support the footwear industry specifically in developing countries
- Favorable government policies to promote electric vehicles will propel automotive industry
Acrylic Adhesives Industry Overview
The Acrylic Adhesives Market is fragmented, with the top five companies occupying 19.23%. The major players in this market are 3M, AVERY DENNISON CORPORATION, H.B. Fuller Company, Henkel AG & Co. KGaA and Sika AG (sorted alphabetically).
Acrylic Adhesives Market Leaders
3M
AVERY DENNISON CORPORATION
H.B. Fuller Company
Henkel AG & Co. KGaA
Sika AG
Other important companies include Arkema Group, Dow, Hubei Huitian New Materials Co. Ltd, Huntsman International LLC, Jowat SE, Kangda New Materials (Group) Co., Ltd., MAPEI S.p.A., NANPAO RESINS CHEMICAL GROUP, Pidilite Industries Ltd., Soudal Holding N.V..
*Disclaimer: Major Players sorted in alphabetical order.
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Acrylic Adhesives Market News
- July 2022: Mapei started the construction of its third manufacturing facility in Kosi, Mathura, to cater to the demand generated from Northern India.
- February 2022: Arkema Group completed the acquisition of Ashland's Performance Adhesives business. Ashland is a world leader in high-performance adhesives in the United States.
- February 2022: H.B. Fuller announced the acquisition of Fourny NV to strengthen its Construction Adhesives business in Europe.
Free with this Report
We provide a complimentary and exhaustive set of data points on global and regional metrics that present the fundamental structure of the industry. Presented in the form of 24+ free charts, the section covers rare data on various end-user production trends including automobile production, newly built construction floor area, packaging production, aircraft deliveries, footwear production, and regional data on adhesives and sealants demand, etc.
Acrylic Adhesives Market Report - Table of Contents
1. EXECUTIVE SUMMARY & KEY FINDINGS
2. REPORT OFFERS
3. INTRODUCTION
- 3.1 Study Assumptions & Market Definition
- 3.2 Scope of the Study
- 3.3 Research Methodology
4. KEY INDUSTRY TRENDS
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4.1 End User Trends
- 4.1.1 Aerospace
- 4.1.2 Automotive
- 4.1.3 Building and Construction
- 4.1.4 Footwear and Leather
- 4.1.5 Packaging
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4.2 Regulatory Framework
- 4.2.1 Argentina
- 4.2.2 Australia
- 4.2.3 Brazil
- 4.2.4 Canada
- 4.2.5 China
- 4.2.6 EU
- 4.2.7 India
- 4.2.8 Indonesia
- 4.2.9 Japan
- 4.2.10 Malaysia
- 4.2.11 Mexico
- 4.2.12 Russia
- 4.2.13 Saudi Arabia
- 4.2.14 Singapore
- 4.2.15 South Africa
- 4.2.16 South Korea
- 4.2.17 Thailand
- 4.2.18 United States
- 4.3 Value Chain & Distribution Channel Analysis
5. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2028 and analysis of growth prospects)
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5.1 End User Industry
- 5.1.1 Aerospace
- 5.1.2 Automotive
- 5.1.3 Building and Construction
- 5.1.4 Footwear and Leather
- 5.1.5 Healthcare
- 5.1.6 Packaging
- 5.1.7 Other End-user Industries
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5.2 Technology
- 5.2.1 Reactive
- 5.2.2 Solvent-borne
- 5.2.3 UV Cured Adhesives
- 5.2.4 Water-borne
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5.3 Region
- 5.3.1 Asia-Pacific
- 5.3.1.1 Australia
- 5.3.1.2 China
- 5.3.1.3 India
- 5.3.1.4 Indonesia
- 5.3.1.5 Japan
- 5.3.1.6 Malaysia
- 5.3.1.7 Singapore
- 5.3.1.8 South Korea
- 5.3.1.9 Thailand
- 5.3.1.10 Rest of Asia-Pacific
- 5.3.2 Europe
- 5.3.2.1 France
- 5.3.2.2 Germany
- 5.3.2.3 Italy
- 5.3.2.4 Russia
- 5.3.2.5 Spain
- 5.3.2.6 United Kingdom
- 5.3.2.7 Rest of Europe
- 5.3.3 Middle East & Africa
- 5.3.3.1 Saudi Arabia
- 5.3.3.2 South Africa
- 5.3.3.3 Rest of Middle East & Africa
- 5.3.4 North America
- 5.3.4.1 Canada
- 5.3.4.2 Mexico
- 5.3.4.3 United States
- 5.3.4.4 Rest of North America
- 5.3.5 South America
- 5.3.5.1 Argentina
- 5.3.5.2 Brazil
- 5.3.5.3 Rest of South America
6. COMPETITIVE LANDSCAPE
- 6.1 Key Strategic Moves
- 6.2 Market Share Analysis
- 6.3 Company Landscape
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6.4 Company Profiles (includes Global Level Overview, Market Level Overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and Analysis of Recent Developments).
- 6.4.1 3M
- 6.4.2 Arkema Group
- 6.4.3 AVERY DENNISON CORPORATION
- 6.4.4 Dow
- 6.4.5 H.B. Fuller Company
- 6.4.6 Henkel AG & Co. KGaA
- 6.4.7 Hubei Huitian New Materials Co. Ltd
- 6.4.8 Huntsman International LLC
- 6.4.9 Jowat SE
- 6.4.10 Kangda New Materials (Group) Co., Ltd.
- 6.4.11 MAPEI S.p.A.
- 6.4.12 NANPAO RESINS CHEMICAL GROUP
- 6.4.13 Pidilite Industries Ltd.
- 6.4.14 Sika AG
- 6.4.15 Soudal Holding N.V.
7. KEY STRATEGIC QUESTIONS FOR ADHESIVES AND SEALANTS CEOS
8. APPENDIX
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8.1 Global Adhesives and Sealants Industry Overview
- 8.1.1 Overview
- 8.1.2 Porter’s Five Forces Framework (Industry Attractiveness Analysis)
- 8.1.3 Global Value Chain Analysis
- 8.1.4 Drivers, Restraints, and Opportunities
- 8.2 Sources & References
- 8.3 List of Tables & Figures
- 8.4 Primary Insights
- 8.5 Data Pack
- 8.6 Glossary of Terms
List of Tables & Figures
- Figure 1:
- VOLUME OF AIRCRAFTS DELIVERED, UNITS, GLOBAL, 2017-2028
- Figure 2:
- PRODUCTION VOLUME OF AUTOMOBILES, UNITS, GLOBAL, 2017-2028
- Figure 3:
- FLOOR AREA OF NEW CONSTRUCTION, SQUARE FEET, GLOBAL, 2017-2028
- Figure 4:
- PRODUCTION VOLUME OF FOOTWEAR, PAIRS, GLOBAL, 2017-2028
- Figure 5:
- PRODUCTION VOLUME OF PAPER & PAPER BOARD AND PLASTIC PACKAGING, TONS, GLOBAL, 2017-2028
- Figure 6:
- VOLUME OF ACRYLIC ADHESIVES CONSUMED, KILOGRAM, GLOBAL, 2017 - 2028
- Figure 7:
- VALUE OF ACRYLIC ADHESIVES CONSUMED, USD, GLOBAL, 2017 - 2028
- Figure 8:
- VOLUME OF ACRYLIC ADHESIVES CONSUMED BY END USER INDUSTRY, KILOGRAM, GLOBAL, 2017 - 2028
- Figure 9:
- VALUE OF ACRYLIC ADHESIVES CONSUMED BY END USER INDUSTRY, USD, GLOBAL, 2017 - 2028
- Figure 10:
- VOLUME SHARE OF ACRYLIC ADHESIVES CONSUMED BY END USER INDUSTRY, %, GLOBAL, 2016 VS 2022 VS 2028
- Figure 11:
- VALUE SHARE OF ACRYLIC ADHESIVES CONSUMED BY END USER INDUSTRY, %, GLOBAL, 2016 VS 2022 VS 2028
- Figure 12:
- VOLUME OF ACRYLIC ADHESIVES CONSUMED IN AEROSPACE INDUSTRY, KILOGRAM, GLOBAL, 2017 - 2028
- Figure 13:
- VALUE OF ACRYLIC ADHESIVES CONSUMED IN AEROSPACE INDUSTRY, USD, GLOBAL, 2017 - 2028
- Figure 14:
- VALUE SHARE OF ACRYLIC ADHESIVES CONSUMED IN AEROSPACE INDUSTRY BY TECHNOLOGY, %, GLOBAL, 2021 VS 2028
- Figure 15:
- VOLUME OF ACRYLIC ADHESIVES CONSUMED IN AUTOMOTIVE INDUSTRY, KILOGRAM, GLOBAL, 2017 - 2028
- Figure 16:
- VALUE OF ACRYLIC ADHESIVES CONSUMED IN AUTOMOTIVE INDUSTRY, USD, GLOBAL, 2017 - 2028
- Figure 17:
- VALUE SHARE OF ACRYLIC ADHESIVES CONSUMED IN AUTOMOTIVE INDUSTRY BY TECHNOLOGY, %, GLOBAL, 2021 VS 2028
- Figure 18:
- VOLUME OF ACRYLIC ADHESIVES CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY, KILOGRAM, GLOBAL, 2017 - 2028
- Figure 19:
- VALUE OF ACRYLIC ADHESIVES CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY, USD, GLOBAL, 2017 - 2028
- Figure 20:
- VALUE SHARE OF ACRYLIC ADHESIVES CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY BY TECHNOLOGY, %, GLOBAL, 2021 VS 2028
- Figure 21:
- VOLUME OF ACRYLIC ADHESIVES CONSUMED IN FOOTWEAR AND LEATHER INDUSTRY, KILOGRAM, GLOBAL, 2017 - 2028
- Figure 22:
- VALUE OF ACRYLIC ADHESIVES CONSUMED IN FOOTWEAR AND LEATHER INDUSTRY, USD, GLOBAL, 2017 - 2028
- Figure 23:
- VALUE SHARE OF ACRYLIC ADHESIVES CONSUMED IN FOOTWEAR AND LEATHER INDUSTRY BY TECHNOLOGY, %, GLOBAL, 2021 VS 2028
- Figure 24:
- VOLUME OF ACRYLIC ADHESIVES CONSUMED IN HEALTHCARE INDUSTRY, KILOGRAM, GLOBAL, 2017 - 2028
- Figure 25:
- VALUE OF ACRYLIC ADHESIVES CONSUMED IN HEALTHCARE INDUSTRY, USD, GLOBAL, 2017 - 2028
- Figure 26:
- VALUE SHARE OF ACRYLIC ADHESIVES CONSUMED IN HEALTHCARE INDUSTRY BY TECHNOLOGY, %, GLOBAL, 2021 VS 2028
- Figure 27:
- VOLUME OF ACRYLIC ADHESIVES CONSUMED IN PACKAGING INDUSTRY, KILOGRAM, GLOBAL, 2017 - 2028
- Figure 28:
- VALUE OF ACRYLIC ADHESIVES CONSUMED IN PACKAGING INDUSTRY, USD, GLOBAL, 2017 - 2028
- Figure 29:
- VALUE SHARE OF ACRYLIC ADHESIVES CONSUMED IN PACKAGING INDUSTRY BY TECHNOLOGY, %, GLOBAL, 2021 VS 2028
- Figure 30:
- VOLUME OF ACRYLIC ADHESIVES CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY, KILOGRAM, GLOBAL, 2017 - 2028
- Figure 31:
- VALUE OF ACRYLIC ADHESIVES CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY, USD, GLOBAL, 2017 - 2028
- Figure 32:
- VALUE SHARE OF ACRYLIC ADHESIVES CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY BY TECHNOLOGY, %, GLOBAL, 2021 VS 2028
- Figure 33:
- VOLUME OF ACRYLIC ADHESIVES CONSUMED BY TECHNOLOGY, KILOGRAM, GLOBAL, 2017 - 2028
- Figure 34:
- VALUE OF ACRYLIC ADHESIVES CONSUMED BY TECHNOLOGY, USD, GLOBAL, 2017 - 2028
- Figure 35:
- VOLUME SHARE OF ACRYLIC ADHESIVES CONSUMED BY TECHNOLOGY, %, GLOBAL, 2016 VS 2022 VS 2028
- Figure 36:
- VALUE SHARE OF ACRYLIC ADHESIVES CONSUMED BY TECHNOLOGY, %, GLOBAL, 2016 VS 2022 VS 2028
- Figure 37:
- VOLUME OF REACTIVE ACRYLIC ADHESIVES CONSUMED, KILOGRAM, GLOBAL, 2017 - 2028
- Figure 38:
- VALUE OF REACTIVE ACRYLIC ADHESIVES CONSUMED, USD, GLOBAL, 2017 - 2028
- Figure 39:
- VALUE SHARE OF REACTIVE ACRYLIC ADHESIVES CONSUMED BY END USER INDUSTRY, %, GLOBAL, 2021 VS 2028
- Figure 40:
- VOLUME OF SOLVENT-BORNE ACRYLIC ADHESIVES CONSUMED, KILOGRAM, GLOBAL, 2017 - 2028
- Figure 41:
- VALUE OF SOLVENT-BORNE ACRYLIC ADHESIVES CONSUMED, USD, GLOBAL, 2017 - 2028
- Figure 42:
- VALUE SHARE OF SOLVENT-BORNE ACRYLIC ADHESIVES CONSUMED BY END USER INDUSTRY, %, GLOBAL, 2021 VS 2028
- Figure 43:
- VOLUME OF UV CURED ADHESIVES ACRYLIC ADHESIVES CONSUMED, KILOGRAM, GLOBAL, 2017 - 2028
- Figure 44:
- VALUE OF UV CURED ADHESIVES ACRYLIC ADHESIVES CONSUMED, USD, GLOBAL, 2017 - 2028
- Figure 45:
- VALUE SHARE OF UV CURED ADHESIVES ACRYLIC ADHESIVES CONSUMED BY END USER INDUSTRY, %, GLOBAL, 2021 VS 2028
- Figure 46:
- VOLUME OF WATER-BORNE ACRYLIC ADHESIVES CONSUMED, KILOGRAM, GLOBAL, 2017 - 2028
- Figure 47:
- VALUE OF WATER-BORNE ACRYLIC ADHESIVES CONSUMED, USD, GLOBAL, 2017 - 2028
- Figure 48:
- VALUE SHARE OF WATER-BORNE ACRYLIC ADHESIVES CONSUMED BY END USER INDUSTRY, %, GLOBAL, 2021 VS 2028
- Figure 49:
- VOLUME OF ACRYLIC ADHESIVES CONSUMED BY REGION, KILOGRAM, GLOBAL, 2017 - 2028
- Figure 50:
- VALUE OF ACRYLIC ADHESIVES CONSUMED BY REGION, USD, GLOBAL, 2017 - 2028
- Figure 51:
- VOLUME SHARE OF ACRYLIC ADHESIVES CONSUMED BY REGION, %, GLOBAL, 2016 VS 2022 VS 2028
- Figure 52:
- VALUE SHARE OF ACRYLIC ADHESIVES CONSUMED BY REGION, %, GLOBAL, 2016 VS 2022 VS 2028
- Figure 53:
- VOLUME OF ACRYLIC ADHESIVES CONSUMED BY COUNTRY, KILOGRAM, ASIA-PACIFIC, 2017 - 2028
- Figure 54:
- VALUE OF ACRYLIC ADHESIVES CONSUMED BY COUNTRY, USD, ASIA-PACIFIC, 2017 - 2028
- Figure 55:
- VOLUME SHARE OF ACRYLIC ADHESIVES CONSUMED BY COUNTRY, %, ASIA-PACIFIC, 2016 VS 2022 VS 2028
- Figure 56:
- VALUE SHARE OF ACRYLIC ADHESIVES CONSUMED BY COUNTRY, %, ASIA-PACIFIC, 2016 VS 2022 VS 2028
- Figure 57:
- VOLUME OF ACRYLIC ADHESIVES CONSUMED, KILOGRAM, AUSTRALIA, 2017 - 2028
- Figure 58:
- VALUE OF ACRYLIC ADHESIVES CONSUMED, USD, AUSTRALIA, 2017 - 2028
- Figure 59:
- VALUE SHARE OF ACRYLIC ADHESIVES CONSUMED BY END USER INDUSTRY, %, AUSTRALIA, 2021 VS 2028
- Figure 60:
- VOLUME OF ACRYLIC ADHESIVES CONSUMED, KILOGRAM, CHINA, 2017 - 2028
- Figure 61:
- VALUE OF ACRYLIC ADHESIVES CONSUMED, USD, CHINA, 2017 - 2028
- Figure 62:
- VALUE SHARE OF ACRYLIC ADHESIVES CONSUMED BY END USER INDUSTRY, %, CHINA, 2021 VS 2028
- Figure 63:
- VOLUME OF ACRYLIC ADHESIVES CONSUMED, KILOGRAM, INDIA, 2017 - 2028
- Figure 64:
- VALUE OF ACRYLIC ADHESIVES CONSUMED, USD, INDIA, 2017 - 2028
- Figure 65:
- VALUE SHARE OF ACRYLIC ADHESIVES CONSUMED BY END USER INDUSTRY, %, INDIA, 2021 VS 2028
- Figure 66:
- VOLUME OF ACRYLIC ADHESIVES CONSUMED, KILOGRAM, INDONESIA, 2017 - 2028
- Figure 67:
- VALUE OF ACRYLIC ADHESIVES CONSUMED, USD, INDONESIA, 2017 - 2028
- Figure 68:
- VALUE SHARE OF ACRYLIC ADHESIVES CONSUMED BY END USER INDUSTRY, %, INDONESIA, 2021 VS 2028
- Figure 69:
- VOLUME OF ACRYLIC ADHESIVES CONSUMED, KILOGRAM, JAPAN, 2017 - 2028
- Figure 70:
- VALUE OF ACRYLIC ADHESIVES CONSUMED, USD, JAPAN, 2017 - 2028
- Figure 71:
- VALUE SHARE OF ACRYLIC ADHESIVES CONSUMED BY END USER INDUSTRY, %, JAPAN, 2021 VS 2028
- Figure 72:
- VOLUME OF ACRYLIC ADHESIVES CONSUMED, KILOGRAM, MALAYSIA, 2017 - 2028
- Figure 73:
- VALUE OF ACRYLIC ADHESIVES CONSUMED, USD, MALAYSIA, 2017 - 2028
- Figure 74:
- VALUE SHARE OF ACRYLIC ADHESIVES CONSUMED BY END USER INDUSTRY, %, MALAYSIA, 2021 VS 2028
- Figure 75:
- VOLUME OF ACRYLIC ADHESIVES CONSUMED, KILOGRAM, SINGAPORE, 2017 - 2028
- Figure 76:
- VALUE OF ACRYLIC ADHESIVES CONSUMED, USD, SINGAPORE, 2017 - 2028
- Figure 77:
- VALUE SHARE OF ACRYLIC ADHESIVES CONSUMED BY END USER INDUSTRY, %, SINGAPORE, 2021 VS 2028
- Figure 78:
- VOLUME OF ACRYLIC ADHESIVES CONSUMED, KILOGRAM, SOUTH KOREA, 2017 - 2028
- Figure 79:
- VALUE OF ACRYLIC ADHESIVES CONSUMED, USD, SOUTH KOREA, 2017 - 2028
- Figure 80:
- VALUE SHARE OF ACRYLIC ADHESIVES CONSUMED BY END USER INDUSTRY, %, SOUTH KOREA, 2021 VS 2028
- Figure 81:
- VOLUME OF ACRYLIC ADHESIVES CONSUMED, KILOGRAM, THAILAND, 2017 - 2028
- Figure 82:
- VALUE OF ACRYLIC ADHESIVES CONSUMED, USD, THAILAND, 2017 - 2028
- Figure 83:
- VALUE SHARE OF ACRYLIC ADHESIVES CONSUMED BY END USER INDUSTRY, %, THAILAND, 2021 VS 2028
- Figure 84:
- VOLUME OF ACRYLIC ADHESIVES CONSUMED, KILOGRAM, REST OF ASIA-PACIFIC, 2017 - 2028
- Figure 85:
- VALUE OF ACRYLIC ADHESIVES CONSUMED, USD, REST OF ASIA-PACIFIC, 2017 - 2028
- Figure 86:
- VALUE SHARE OF ACRYLIC ADHESIVES CONSUMED BY END USER INDUSTRY, %, REST OF ASIA-PACIFIC, 2021 VS 2028
- Figure 87:
- VOLUME OF ACRYLIC ADHESIVES CONSUMED BY COUNTRY, KILOGRAM, EUROPE, 2017 - 2028
- Figure 88:
- VALUE OF ACRYLIC ADHESIVES CONSUMED BY COUNTRY, USD, EUROPE, 2017 - 2028
- Figure 89:
- VOLUME SHARE OF ACRYLIC ADHESIVES CONSUMED BY COUNTRY, %, EUROPE, 2016 VS 2022 VS 2028
- Figure 90:
- VALUE SHARE OF ACRYLIC ADHESIVES CONSUMED BY COUNTRY, %, EUROPE, 2016 VS 2022 VS 2028
- Figure 91:
- VOLUME OF ACRYLIC ADHESIVES CONSUMED, KILOGRAM, FRANCE, 2017 - 2028
- Figure 92:
- VALUE OF ACRYLIC ADHESIVES CONSUMED, USD, FRANCE, 2017 - 2028
- Figure 93:
- VALUE SHARE OF ACRYLIC ADHESIVES CONSUMED BY END USER INDUSTRY, %, FRANCE, 2021 VS 2028
- Figure 94:
- VOLUME OF ACRYLIC ADHESIVES CONSUMED, KILOGRAM, GERMANY, 2017 - 2028
- Figure 95:
- VALUE OF ACRYLIC ADHESIVES CONSUMED, USD, GERMANY, 2017 - 2028
- Figure 96:
- VALUE SHARE OF ACRYLIC ADHESIVES CONSUMED BY END USER INDUSTRY, %, GERMANY, 2021 VS 2028
- Figure 97:
- VOLUME OF ACRYLIC ADHESIVES CONSUMED, KILOGRAM, ITALY, 2017 - 2028
- Figure 98:
- VALUE OF ACRYLIC ADHESIVES CONSUMED, USD, ITALY, 2017 - 2028
- Figure 99:
- VALUE SHARE OF ACRYLIC ADHESIVES CONSUMED BY END USER INDUSTRY, %, ITALY, 2021 VS 2028
- Figure 100:
- VOLUME OF ACRYLIC ADHESIVES CONSUMED, KILOGRAM, RUSSIA, 2017 - 2028
- Figure 101:
- VALUE OF ACRYLIC ADHESIVES CONSUMED, USD, RUSSIA, 2017 - 2028
- Figure 102:
- VALUE SHARE OF ACRYLIC ADHESIVES CONSUMED BY END USER INDUSTRY, %, RUSSIA, 2021 VS 2028
- Figure 103:
- VOLUME OF ACRYLIC ADHESIVES CONSUMED, KILOGRAM, SPAIN, 2017 - 2028
- Figure 104:
- VALUE OF ACRYLIC ADHESIVES CONSUMED, USD, SPAIN, 2017 - 2028
- Figure 105:
- VALUE SHARE OF ACRYLIC ADHESIVES CONSUMED BY END USER INDUSTRY, %, SPAIN, 2021 VS 2028
- Figure 106:
- VOLUME OF ACRYLIC ADHESIVES CONSUMED, KILOGRAM, UNITED KINGDOM, 2017 - 2028
- Figure 107:
- VALUE OF ACRYLIC ADHESIVES CONSUMED, USD, UNITED KINGDOM, 2017 - 2028
- Figure 108:
- VALUE SHARE OF ACRYLIC ADHESIVES CONSUMED BY END USER INDUSTRY, %, UNITED KINGDOM, 2021 VS 2028
- Figure 109:
- VOLUME OF ACRYLIC ADHESIVES CONSUMED, KILOGRAM, REST OF EUROPE, 2017 - 2028
- Figure 110:
- VALUE OF ACRYLIC ADHESIVES CONSUMED, USD, REST OF EUROPE, 2017 - 2028
- Figure 111:
- VALUE SHARE OF ACRYLIC ADHESIVES CONSUMED BY END USER INDUSTRY, %, REST OF EUROPE, 2021 VS 2028
- Figure 112:
- VOLUME OF ACRYLIC ADHESIVES CONSUMED BY COUNTRY, KILOGRAM, MIDDLE EAST & AFRICA, 2017 - 2028
- Figure 113:
- VALUE OF ACRYLIC ADHESIVES CONSUMED BY COUNTRY, USD, MIDDLE EAST & AFRICA, 2017 - 2028
- Figure 114:
- VOLUME SHARE OF ACRYLIC ADHESIVES CONSUMED BY COUNTRY, %, MIDDLE EAST & AFRICA, 2016 VS 2022 VS 2028
- Figure 115:
- VALUE SHARE OF ACRYLIC ADHESIVES CONSUMED BY COUNTRY, %, MIDDLE EAST & AFRICA, 2016 VS 2022 VS 2028
- Figure 116:
- VOLUME OF ACRYLIC ADHESIVES CONSUMED, KILOGRAM, SAUDI ARABIA, 2017 - 2028
- Figure 117:
- VALUE OF ACRYLIC ADHESIVES CONSUMED, USD, SAUDI ARABIA, 2017 - 2028
- Figure 118:
- VALUE SHARE OF ACRYLIC ADHESIVES CONSUMED BY END USER INDUSTRY, %, SAUDI ARABIA, 2021 VS 2028
- Figure 119:
- VOLUME OF ACRYLIC ADHESIVES CONSUMED, KILOGRAM, SOUTH AFRICA, 2017 - 2028
- Figure 120:
- VALUE OF ACRYLIC ADHESIVES CONSUMED, USD, SOUTH AFRICA, 2017 - 2028
- Figure 121:
- VALUE SHARE OF ACRYLIC ADHESIVES CONSUMED BY END USER INDUSTRY, %, SOUTH AFRICA, 2021 VS 2028
- Figure 122:
- VOLUME OF ACRYLIC ADHESIVES CONSUMED, KILOGRAM, REST OF MIDDLE EAST & AFRICA, 2017 - 2028
- Figure 123:
- VALUE OF ACRYLIC ADHESIVES CONSUMED, USD, REST OF MIDDLE EAST & AFRICA, 2017 - 2028
- Figure 124:
- VALUE SHARE OF ACRYLIC ADHESIVES CONSUMED BY END USER INDUSTRY, %, REST OF MIDDLE EAST & AFRICA, 2021 VS 2028
- Figure 125:
- VOLUME OF ACRYLIC ADHESIVES CONSUMED BY COUNTRY, KILOGRAM, NORTH AMERICA, 2017 - 2028
- Figure 126:
- VALUE OF ACRYLIC ADHESIVES CONSUMED BY COUNTRY, USD, NORTH AMERICA, 2017 - 2028
- Figure 127:
- VOLUME SHARE OF ACRYLIC ADHESIVES CONSUMED BY COUNTRY, %, NORTH AMERICA, 2016 VS 2022 VS 2028
- Figure 128:
- VALUE SHARE OF ACRYLIC ADHESIVES CONSUMED BY COUNTRY, %, NORTH AMERICA, 2016 VS 2022 VS 2028
- Figure 129:
- VOLUME OF ACRYLIC ADHESIVES CONSUMED, KILOGRAM, CANADA, 2017 - 2028
- Figure 130:
- VALUE OF ACRYLIC ADHESIVES CONSUMED, USD, CANADA, 2017 - 2028
- Figure 131:
- VALUE SHARE OF ACRYLIC ADHESIVES CONSUMED BY END USER INDUSTRY, %, CANADA, 2021 VS 2028
- Figure 132:
- VOLUME OF ACRYLIC ADHESIVES CONSUMED, KILOGRAM, MEXICO, 2017 - 2028
- Figure 133:
- VALUE OF ACRYLIC ADHESIVES CONSUMED, USD, MEXICO, 2017 - 2028
- Figure 134:
- VALUE SHARE OF ACRYLIC ADHESIVES CONSUMED BY END USER INDUSTRY, %, MEXICO, 2021 VS 2028
- Figure 135:
- VOLUME OF ACRYLIC ADHESIVES CONSUMED, KILOGRAM, UNITED STATES, 2017 - 2028
- Figure 136:
- VALUE OF ACRYLIC ADHESIVES CONSUMED, USD, UNITED STATES, 2017 - 2028
- Figure 137:
- VALUE SHARE OF ACRYLIC ADHESIVES CONSUMED BY END USER INDUSTRY, %, UNITED STATES, 2021 VS 2028
- Figure 138:
- VOLUME OF ACRYLIC ADHESIVES CONSUMED, KILOGRAM, REST OF NORTH AMERICA, 2017 - 2028
- Figure 139:
- VALUE OF ACRYLIC ADHESIVES CONSUMED, USD, REST OF NORTH AMERICA, 2017 - 2028
- Figure 140:
- VALUE SHARE OF ACRYLIC ADHESIVES CONSUMED BY END USER INDUSTRY, %, REST OF NORTH AMERICA, 2021 VS 2028
- Figure 141:
- VOLUME OF ACRYLIC ADHESIVES CONSUMED BY COUNTRY, KILOGRAM, SOUTH AMERICA, 2017 - 2028
- Figure 142:
- VALUE OF ACRYLIC ADHESIVES CONSUMED BY COUNTRY, USD, SOUTH AMERICA, 2017 - 2028
- Figure 143:
- VOLUME SHARE OF ACRYLIC ADHESIVES CONSUMED BY COUNTRY, %, SOUTH AMERICA, 2016 VS 2022 VS 2028
- Figure 144:
- VALUE SHARE OF ACRYLIC ADHESIVES CONSUMED BY COUNTRY, %, SOUTH AMERICA, 2016 VS 2022 VS 2028
- Figure 145:
- VOLUME OF ACRYLIC ADHESIVES CONSUMED, KILOGRAM, ARGENTINA, 2017 - 2028
- Figure 146:
- VALUE OF ACRYLIC ADHESIVES CONSUMED, USD, ARGENTINA, 2017 - 2028
- Figure 147:
- VALUE SHARE OF ACRYLIC ADHESIVES CONSUMED BY END USER INDUSTRY, %, ARGENTINA, 2021 VS 2028
- Figure 148:
- VOLUME OF ACRYLIC ADHESIVES CONSUMED, KILOGRAM, BRAZIL, 2017 - 2028
- Figure 149:
- VALUE OF ACRYLIC ADHESIVES CONSUMED, USD, BRAZIL, 2017 - 2028
- Figure 150:
- VALUE SHARE OF ACRYLIC ADHESIVES CONSUMED BY END USER INDUSTRY, %, BRAZIL, 2021 VS 2028
- Figure 151:
- VOLUME OF ACRYLIC ADHESIVES CONSUMED, KILOGRAM, REST OF SOUTH AMERICA, 2017 - 2028
- Figure 152:
- VALUE OF ACRYLIC ADHESIVES CONSUMED, USD, REST OF SOUTH AMERICA, 2017 - 2028
- Figure 153:
- VALUE SHARE OF ACRYLIC ADHESIVES CONSUMED BY END USER INDUSTRY, %, REST OF SOUTH AMERICA, 2021 VS 2028
- Figure 154:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, GLOBAL, 2019 - 2021
- Figure 155:
- MOST ADOPTED STRATEGIES, COUNT, GLOBAL, 2019 - 2021
- Figure 156:
- REVENUE SHARE OF ACRYLIC ADHESIVES BY MAJOR PLAYERS, %, GLOBAL, 2021
Acrylic Adhesives Industry Segmentation
Aerospace, Automotive, Building and Construction, Footwear and Leather, Healthcare, Packaging are covered as segments by End User Industry. Reactive, Solvent-borne, UV Cured Adhesives, Water-borne are covered as segments by Technology. Asia-Pacific, Europe, Middle East & Africa, North America, South America are covered as segments by Region.
- Acrylic adhesives are widely used in the construction industry because of their applications, such as waterproofing, weather-sealing, cracks sealing, and bonding. The construction industry globally is expected to grow 3.5% annually up to 2030. Asia-Pacific and Europe accounted for 67% of the global construction market's growth in 2021. Thus, construction acrylic adhesives account for the largest share of the global adhesives market by volume.
- Adhesives are widely used in the automotive industry because of their application to surfaces such as glass, metal, plastic, and painted surfaces. Their features are helpful in the automotive industry, such as extreme weather resistance, durability, and long-lasting. These are used in engines and car gaskets. The electric vehicles segment of the automotive industry is expected to record a 17.75% CAGR globally in the forecast period, 2022-2028, because of the increased demand in growing economies. This is expected to increase demand for automotive acrylic adhesives in the forecast period 2022-2028.
- Different adhesives are widely used in electronics and electrical equipment manufacturing. They are used for bonding and sealing sensors and cables. The electronics and household appliances industries are expected to record CAGRs of 2.51% and 5.77%, respectively, which will lead to an increase in demand for acrylic adhesives in the forecast period 2022-2028.
- Adhesives are used in the healthcare industry for applications such as assembling medical device parts. The increase in healthcare investments worldwide is expected to lead to an increase in demand for acrylic adhesives in the forecast period 2022-2028.
| End User Industry | Aerospace | |
| Automotive | ||
| Building and Construction | ||
| Footwear and Leather | ||
| Healthcare | ||
| Packaging | ||
| Other End-user Industries | ||
| Technology | Reactive | |
| Solvent-borne | ||
| UV Cured Adhesives | ||
| Water-borne | ||
| Region | Asia-Pacific | Australia |
| China | ||
| India | ||
| Indonesia | ||
| Japan | ||
| Malaysia | ||
| Singapore | ||
| South Korea | ||
| Thailand | ||
| Rest of Asia-Pacific | ||
| Region | Europe | France |
| Germany | ||
| Italy | ||
| Russia | ||
| Spain | ||
| United Kingdom | ||
| Rest of Europe | ||
| Region | Middle East & Africa | Saudi Arabia |
| South Africa | ||
| Rest of Middle East & Africa | ||
| Region | North America | Canada |
| Mexico | ||
| United States | ||
| Rest of North America | ||
| Region | South America | Argentina |
| Brazil | ||
| Rest of South America |
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Market Definition
- End-user Industry - Building & Construction, Packaging, Automotive, Aerospace, Woodworking & Joinery, Footwear & Leather, Healthcare, and Others are the end-user industries considered under the acrylic adhesives market.
- Product - All acrylic adhesive products are considered in the market studied
- Resin - Under the scope of the study, different kinds of acrylate monomers, like 2-Ethylhexyl acrylate and butyl acrylate are considered
- Technology - For the purpose of this study, Water-borne, Solvent-borne, Reactive, Hot Melt, and UV Cured adhesive technologies are taken into consideration.
| Keyword | Definition |
|---|---|
| Hot-melt Adhesive | Hot melt adhesives are generally 100% solid formulations, based on thermoplastic polymers. They are solid at room temperature and are activated upon heating above their softening point, at which stage they are liquid, and hence, can be processed. |
| Reactive Adhesive | A reactive adhesive is made up of monomers that react in the adhesive curing process and do not evaporate from the film during use. Instead, these volatile components become chemically incorporated into the adhesive. |
| Solvent-borne Adhesive | Solvent-borne adhesives are mixtures of solvents and thermoplastic, or slightly cross-linked polymers, such as polychloroprene, polyurethane, acrylic, silicone, and natural and synthetic rubbers (elastomers). |
| Water-borne Adhesive | Water-borne adhesives use water as a carrier or diluting medium to disperse a resin. They are set by allowing the water to evaporate or be absorbed by the substrate. These adhesives are compounded with water as a diluent, rather than a volatile organic solvent. |
| UV Cured Adhesive | UV curing adhesives induce curing and create a permanent bond without heating by using ultraviolet (UV) light or other radiation sources. An aggregation of monomers and oligomers is cured or polymerized by ultraviolet (UV) or visible light in a UV adhesive. Because UV is a radiating energy source, UV adhesives are often referred to as radiation curing or rad-cure adhesives. |
| Heat-resistant Adhesive | Heat-resistant Adhesives refer to those that do not break down under high temperatures. One aspect of a complicated system of circumstances is the adhesive's capacity to withstand disintegration brought on by high temperatures. As the temperature rises, adhesives may liquefy. They can withstand stresses resulting from differing coefficients of expansion and contraction, which might be an additional advantage. |
| Reshoring | Reshoring is the practice of moving commodity production and manufacturing back to the nation where the business was founded. Onshoring, inshoring, and back shoring are further terms used. Offshoring, the practice of producing items abroad to lower labor and manufacturing costs, is the opposite of this. |
| Oleochemicals | Oleochemicals are compounds produced from biological oils or fats. They resemble petrochemicals, which are substances made from petroleum. The oleochemical business is built on the hydrolysis of oils or fats. |
| Nonporous Materials | Nonporous materials are substances that do not permit the passage of liquid or air. Nonporous materials are those that are not porous, such as glass, plastic, metal, and varnished wood. Since no air can get through, less airflow is required to raise these materials, negating the requirement for high airflow. |
| EU-Vietnam Free Trade Agreement | A trade agreement and an investment protection agreement were concluded between the European Union and Vietnam on June 30, 2019. |
| VOC content | Compounds with limited solubility in water and high vapor pressure are known as Volatile Organic Compounds (VOCs). Many VOCs are human-made chemicals that are used and produced in the manufacture of paints, pharmaceuticals, and refrigerants. |
| Emulsion Polymerization | Emulsion polymerization is a method of producing polymers or connected groups of smaller chemical chains known as monomers, in a water solution. The method is often used to make water-based paints, adhesives, and varnishes, in which the water stays with the polymer and is marketed as a liquid product. |
| 2025 National Packaging Targets | In 2018, the Australian Environment Ministry set the following 2025 National Packaging Targets: 100% of the packaging must be reusable, recyclable, or compostable by 2025, 70% of plastic packaging must be recycled or composted by 2025, 50% of average recycled content must be included in packaging by 2025, and problematic and unnecessary single-use plastic packaging must be phased out by 2025. |
| Russian Government’s Import Substitution Policy | The Western sanctions suspended the distribution of several high-tech items to Russia, including those required by the raw material export sectors and the military-industrial complex. In response, the government launched an "import substitution" scheme, appointing a special commission to oversee its implementation in early 2015. |
| Paper Substrate | Paper substrates are paper sheets, reels, or boards with a base weight of up to 400 g/m2 that has not been converted, printed or otherwise altered. |
| Insulation Material | A material that inhibits or blocks heat, sound, or electrical transmission is known as Insulation Material. The variety of insulation materials includes thick fibers like fiberglass, rock and slag wool, cellulose, and natural fibers as well as stiff foam boards and sleek foils. |
| Thermal Shock | A temperature change known as thermal shock generates stress in a material. It commonly results in material breakdown and is especially prevalent in brittle materials like ceramics. When there is a quick temperature change, either from hot to cold or vice versa, this process occurs abruptly. It occurs more frequently in materials with poor heat conductivity and insufficient structural integrity. |
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Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step-1: Identify Key Variables: The quantifiable key variables (industry and extraneous) pertaining to the specific product segment and country are selected from a group of relevant variables & factors based on desk research & literature review; along with primary expert inputs. These variables are further confirmed through regression modeling (wherever required).
- Step-2: Build a Market Model: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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