Acrylic Adhesives Market to be Dominated by Packaging Applications Through 2028
Increasing demand from various end-use industries
and a growing trend towards lightweight and
high-performance materials are factors expected to drive the global acrylic
adhesives market in the forecast period 2024-2028.
According to TechSci Research report, “Acrylic
Adhesives Market - Global Industry Size, Share, Trends,
Opportunity, and Forecast, 2018-2028F”, Global Acrylic Adhesives market is
anticipated to upsurge at an impressive rate in the forecast period 2028, due to
the growing trend towards lightweight and high-performance materials. The
acrylic adhesives market is constantly evolving with new products being
launched by various companies. These new products are designed to offer
improved performance, durability, and sustainability, among other benefits. Some
of the key trends in the acrylic adhesives market include the development of
new formulations with improved properties, the expansion of production
capacities and distribution networks, and the adoption of sustainable and
eco-friendly practices.
The development of smart
adhesive technologies is the major advancement that the acrylic adhesives
market is observing. These adhesives are designed to change their properties in
response to external stimuli, such as temperature, humidity, or pH. This allows
for precise control of adhesive properties and can lead to new applications in
fields such as medicine, where smart adhesives could be used for targeted drug
delivery or wound healing.
Health and safety concerns, volatility
of raw material prices, and stringent regulations & certifications are
factors that are key hurdles to the growth of the global acrylic adhesives
market. Acrylic adhesives must comply with various environmental and safety
standards, as well as meet the specifications of OEMs and component
manufacturers. This can limit the acrylic adhesives market potential and
increase the R&D costs.
Browse over XX market data Figures spread through XX
Pages and an in-depth TOC on the "Acrylic Adhesives Market".
Global acrylic adhesives market is segmented based on type, technology, application,
and region.
Based on type, the market is
segmented into acrylic polymer emulsion, cyanoacrylate adhesive, methacrylic
adhesives, and others. The Acrylic polymer emulsion segment is expected to hold the largest
market share in the forecast period due to its excellent adhesion, flexibility,
and water resistance. It can bond to a variety of substrates, such as wood,
metal, plastic, and paper. It also has low shrinkage and high stability under
different environmental conditions.
Based
on technology,
the market is fragmented into water-based, solvent-based, and reactive. The water-based acrylic segment is expected to hold the highest
market share in its segment due to factors, including increased environmental
regulations and the demand for safer, more sustainable products than other
alternatives making the water-based acrylic segment as dominating technology in the acrylic
adhesives market. They have low VOC emissions, high-temperature resistance, and
good adhesion to various substrates. These advantages make them suitable for
applications in the construction, packaging, electronics, and transportation
industries.
Based on application, the market is categorized into packaging,
construction, wood & furniture, consumer goods, and others. The packaging industry is considered
the largest application segment for acrylic adhesives due to the widespread use
of these adhesives in labels, tapes, and laminates. The acrylic adhesives offer
high adhesion, durability, and resistance to water and chemicals. The packaging
industry is growing rapidly due to the increasing demand for food and beverage
products, healthcare products, and e-commerce products. Acrylic adhesives play
a vital role in ensuring the quality and safety of these products.
Major companies operating
in the global acrylic adhesives market are:
- 3M Company
- Henkel AG
& Company
- Covestro LLC
- Bostik SA
- Sikka AG
- HB Fuller Co
- Huntsman
Corp
- Avery
Dennison Corp
- Pidilite
Limited Industries
- Royal
Adhesives and Sealants LLC
Download Free Sample Report
Customers
can also request for 10% free customization on this report.
“One
of the latest developments in the acrylic adhesives market is the use of
bio-based raw materials in the production of acrylic adhesives. Bio-based
acrylic adhesives are made from renewable resources such as vegetable oils,
starches, and sugars, which reduces the dependence on fossil fuels and helps to
reduce the environmental impact of the manufacturing process. These bio-based
acrylic adhesives have similar properties to traditional acrylic adhesives,
such as excellent adhesion strength, durability, and resistance to temperature
and chemicals, but they are more sustainable and environmentally friendly. Several
regulations and policies have been implemented to promote the use of
environmentally friendly acrylic adhesives. For example, in the European Union,
the REACH regulation requires the registration, evaluation, and authorization
of chemicals to ensure their safe use. Governments also provide support for
research and development to drive acrylic adhesives market growth through
grants and funding initiatives.” said Mr. Karan Chechi, Research Director with
TechSci Research, a research-based global management consulting firm.
“Acrylic
Adhesives Market - Global Industry Size, Share, Trends, Opportunity, and
Forecast, 2018-2028F”, Segmented By Type
(Acrylic Polymer Emulsion, Cyanoacrylate Adhesive, Methacrylic Adhesives, Others), By Technology (Water
Based, Solvent Based, Reactive), By Application (Packaging, Construction, Wood
& Furniture, Consumer Goods, and Others), By Region, and Competition, has evaluated the future growth
potential of global acrylic adhesives 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 the global acrylic adhesives market.”
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]
Website: https://www.techsciresearch.com