Acrylic Adhesives Market Size

The acrylic adhesives market is projected to experience significant growth, driven by its extensive applications across various industries such as construction, automotive, electronics, healthcare, and packaging. The market's expansion is particularly notable in the Asia-Pacific region, which dominates due to its robust construction and automotive sectors. Despite a temporary decline during the pandemic, the market has shown resilience and is expected to continue its upward trajectory, supported by increased investments and demand across key end-user industries.

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Market Size of acrylic adhesives Industry

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Acrylic Adhesives Market Summary
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https://s3.mordorintelligence.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period 2017 - 2028
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2024) USD 15.89 Billion
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2028) USD 20.14 Billion
https://s3.mordorintelligence.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Largest Share by End User Industry Packaging
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg CAGR (2024 - 2028) 6.10 %
https://s3.mordorintelligence.com/globe/1629285706162_test~globe_globe.svg Largest Share by Region Europe

Major Players

Acrylic Adhesives Market Major Players

*Disclaimer: Major Players sorted in no particular order

Key Players

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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

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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

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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

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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

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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

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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.
Global Acrylic Adhesives Market

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.

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
Europe
France
Germany
Italy
Russia
Spain
United Kingdom
Rest of Europe
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa
North America
Canada
Mexico
United States
Rest of North America
South America
Argentina
Brazil
Rest of South America
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Acrylic Adhesives Market Size Summary

The acrylic adhesives market is poised for significant growth, driven by its extensive applications across various industries. In the construction sector, acrylic adhesives are essential for waterproofing, weather-sealing, and bonding, making them a crucial component in building projects. The automotive industry also relies heavily on these adhesives for their durability and resistance to extreme weather conditions, particularly in the production of electric vehicles. Additionally, the electronics and healthcare industries utilize acrylic adhesives for bonding and sealing components, further expanding their market reach. The Asia-Pacific region, with its robust construction and automotive sectors, leads in demand, supported by substantial investments in infrastructure and industrial activities.

The market's trajectory has been influenced by global economic conditions and industry-specific trends. The COVID-19 pandemic initially caused a decline in demand across all sectors, but subsequent recovery efforts, such as economic relief packages, have spurred growth. The packaging industry, in particular, has seen a resurgence, driven by e-commerce expansion and innovations like edible and smart packaging. This growth is expected to bolster the demand for acrylic adhesives, especially in the food and beverage sector. The construction industry, despite challenges like supply chain disruptions and rising material costs, is recovering, with regions like Asia-Pacific continuing to dominate due to urbanization and infrastructural investments. The market remains fragmented, with key players like 3M, Avery Dennison, and Henkel AG & Co. KGaA leading the charge in innovation and expansion.

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Acrylic Adhesives Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2028 and analysis of growth prospects)

    1. 1.1 End User Industry

      1. 1.1.1 Aerospace

      2. 1.1.2 Automotive

      3. 1.1.3 Building and Construction

      4. 1.1.4 Footwear and Leather

      5. 1.1.5 Healthcare

      6. 1.1.6 Packaging

      7. 1.1.7 Other End-user Industries

    2. 1.2 Technology

      1. 1.2.1 Reactive

      2. 1.2.2 Solvent-borne

      3. 1.2.3 UV Cured Adhesives

      4. 1.2.4 Water-borne

    3. 1.3 Region

      1. 1.3.1 Asia-Pacific

        1. 1.3.1.1 Australia

        2. 1.3.1.2 China

        3. 1.3.1.3 India

        4. 1.3.1.4 Indonesia

        5. 1.3.1.5 Japan

        6. 1.3.1.6 Malaysia

        7. 1.3.1.7 Singapore

        8. 1.3.1.8 South Korea

        9. 1.3.1.9 Thailand

        10. 1.3.1.10 Rest of Asia-Pacific

      2. 1.3.2 Europe

        1. 1.3.2.1 France

        2. 1.3.2.2 Germany

        3. 1.3.2.3 Italy

        4. 1.3.2.4 Russia

        5. 1.3.2.5 Spain

        6. 1.3.2.6 United Kingdom

        7. 1.3.2.7 Rest of Europe

      3. 1.3.3 Middle East & Africa

        1. 1.3.3.1 Saudi Arabia

        2. 1.3.3.2 South Africa

        3. 1.3.3.3 Rest of Middle East & Africa

      4. 1.3.4 North America

        1. 1.3.4.1 Canada

        2. 1.3.4.2 Mexico

        3. 1.3.4.3 United States

        4. 1.3.4.4 Rest of North America

      5. 1.3.5 South America

        1. 1.3.5.1 Argentina

        2. 1.3.5.2 Brazil

        3. 1.3.5.3 Rest of South America

Acrylic Adhesives Market Size FAQs

The Global Acrylic Adhesives Market size is expected to reach USD 15.89 billion in 2024 and grow at a CAGR of 6.10% to reach USD 20.14 billion by 2028.

In 2024, the Global Acrylic Adhesives Market size is expected to reach USD 15.89 billion.

Acrylic Adhesives Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2028