Acrylic Resin Hotmelt Adhesive Agent Market to Grow with a CAGR of 3.87% through 2028
Surge in research and development activities is expected
to drive the Global Acrylic Resin Hotmelt Adhesive Agent Market growth in the
forecast period, 2024-2028.
According to TechSci Research report, “Acrylic
Resin Hotmelt Adhesive Agent Market – Global Industry Size, Share,
Trends, Competition Forecast & Opportunities, 2028”, the Global
Acrylic Resin Hotmelt Adhesive Agent Market stood at USD208.65 million in 2022
and is anticipated to grow with a CAGR of 3.87% in the forecast period, 2023-2028.
The initiatives taken by government based on acrylic resin hotmelt adhesive
agent has led to favorable market conditions for the Global Acrylic Resin
Hotmelt Adhesive Agent Market. Several factors contribute to the growth of
various acrylic resin hotmelt adhesive agent Market products.
The Chinese government, recognizing the importance of
acrylic resin hotmelt adhesive agents, is providing significant financial
assistance through its "National Key R&D Program for Materials".
This program aims to support manufacturers and researchers in developing
innovative and high-performance acrylic resin hotmelt adhesive agent products.
These advancements will not only benefit the automotive, construction, and
electronics industries but also contribute to the overall growth and
competitiveness of China's manufacturing sector.
Meanwhile, the Indian government is actively investing
in research and development efforts to enhance the performance and durability
of acrylic resin hotmelt adhesive agents. At the prestigious National Council
of Scientific and Industrial Research (NCL), dedicated research projects are
underway to explore novel formulations, manufacturing techniques, and
application methods. The goal is to unleash the full potential of these
adhesive agents, enabling them to meet the evolving needs of various industries
and foster technological advancements in India.
Browse over XX market data Figures spread
through XX Pages and an in-depth TOC on "Global Acrylic
Resin Hotmelt Adhesive Agent Market.”
Research and development (R&D) activities play a
vital role in advancing adhesive technologies. This enables manufacturers to
innovate and enhance their products to meet the evolving demands of industries
such as automotive, construction, packaging, and electronics. The development
of environmentally friendly and sustainable adhesives has also spurred a rise
in demand, as both consumers and industries strive to reduce their carbon
footprint.
Investments in R&D have witnessed significant
growth in recent years, with companies allocating more resources to develop
novel products that offer superior performance and environmental
sustainability. Prominent industry players like 3M and Henkel are making
substantial investments in R&D to create cutting-edge adhesive solutions
that align with emerging trends in the electronics sector.
The Global Acrylic Resin Hotmelt Adhesive Agent Market
is segmented into application, mode of distribution, regional distribution, and
company.
Based on its application, the automotive segment held
the largest share in the market. Acrylic hot melt adhesives are highly valued
for their ability to form strong and durable bonds, making them indispensable
in automotive applications where safety and structural integrity are of utmost
importance. These adhesives excel in withstanding temperature fluctuations,
vibrations, and exposure to diverse environmental conditions, ensuring
long-lasting performance and reliability in even the most demanding situations.
With their exceptional properties, acrylic hot melt adhesives have become a trusted
choice for automotive manufacturers and engineers seeking superior adhesive
solutions.
Based on region, Asia Pacific segment is expected to
grow during the forecast period.
In recent years, the Asia-Pacific region, with
countries like China, India, and South Korea at the forefront, has been
experiencing a remarkable phase of rapid industrialization and urbanization.
This transformative growth has created a surge in demand for adhesive agents
across a wide range of industries, including automotive, electronics,
construction, and packaging. These adhesive agents play a crucial role in
ensuring the durability, reliability, and efficiency of various products and
structures, contributing to the overall progress and development of the region.
Major companies operating in Global Acrylic Resin
Hotmelt Adhesive Agent Market are:
- BASF SE
- Mitsubishi Chemical Holdings Corporation
- DIC Corporation
- Estron Chemicals, Inc.
- Pioneer Chemical Co. Ltd.
- Imerys S.A.
- SCR-Sibelco N.V.
- KaMin LLC
- Quarzwerke GmbH
- Minotaur Exploration Limited
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“Growing application of acrylic resin hotmelt adhesive
agent in various end user industries are key drivers of the acrylic resin hotmelt
adhesive agent market. Growth in competitive landscape and presence of
well-established companies in the market who are dedicated to enhance their
productivity of acrylic resin hotmelt adhesive agent with every passing year
are anticipated to register an impressive growth to Global Acrylic Resin
Hotmelt Adhesive Agent Market in the forecast period.,” said Mr. Karan Chechi,
Research Director with TechSci Research, a research-based management consulting
firm.
“Acrylic Resin Hotmelt Adhesive Agent Market By Application
(Automotive, Medical, Consumer Goods, Construction, Food & Beverage,
Personal Care, Others), By Mode of Distribution (Direct, Indirect), By Region, By Competition Forecast & Opportunities,
2018-2028F”, has evaluated the future growth potential of Global Acrylic Resin
Hotmelt Adhesive Agent Market and provides statistics & information on
market size, structure, and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in Global Acrylic
Resin Hotmelt Adhesive Agent Market.
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