Acrylic Adhesives Market By Type (Acrylic Polymer Emulsion, Cyanoacrylic, Methacrylic, UV Curable Acrylic) , By Technology (Pressure-sensitive, Solvent-based, Water-based, Reactive Others) By End-Use Industry (Electrical and Electronics, Building and Construction, Transportation, Medical, Consumer Goods, Paper and Packaging, Others) : Global Opportunity Analysis and Industry Forecast, 2024-2033
Acrylic Adhesives Market
The acrylic adhesives market was valued at $8.0 billion in 2023 and is projected to reach $13.1 billion by 2033, growing at a CAGR of 5.2% from 2024 to 2033.
Acrylic adhesives are resin-based adhesives comprising of methylacrylic or acrylic polymer. The key properties of these adhesives include excellent durability, high bonding strength, and resistance to environmental factors such as heat, moisture, & chemicals. The rapid curing times of acrylic adhesives allows for efficient assembly in manufacturing environments. The bond provided by acrylic adhesives remains transparent and maintains clarity over time, making them a critical component in applications where aesthetics is a key requirement.
The expansion of the automotive industry is a key driver of the acrylic adhesives market. Acrylic adhesives are required in automotive manufacturing as they high bonding strength and versatility. Furthermore, they are applicable over a variety of surfaces, including plastics, metals, and composites. This significantly boosts the demand for acrylic adhesives. Currently, next-generation technology for the formulation of acrylic adhesives is acquiring traction. The technology enables the development of adhesives with supreme lap shear strength, high bake resistance, and high elongation. Furthermore, these next-generation adhesives adhere to the Registration, Evaluation, Authorisation, and Restriction of Chemicals regulation by the European Union. This is projected to boost the utilization of next-generation adhesives in the coming future.
However, the procurement of raw materials for the manufacturing of acrylic adhesives is a challenging & costly procedure, hampering the growth of the market. Moreover, the market faces rigorous competition from alternative adhesives such as polyurethane, epoxy, and silicone due to their unique advantages & performance. On the contrary, constant explorations by manufacturers to introduce adhesives with unique attributes indicates a promising future for the market. For instance, Wausau Coated Products, a U.S.-based manufacturer of coating technologies and label materials, launched a wash-away acrylic adhesive solution. This is a permanent adhesive with excellent initial adhesion to a variety of surfaces.
Segment ReviewThe acrylic adhesives market is segmented into type, technology, end-use industry, and region. On the basis of type, the market is divided into acrylic polymer emulsion, cyanoacrylic, methacrylic, UV curable acrylic. As per technology, it is classified into pressure-sensitive, solvent-based, water-based, reactive, and others. Depending on end-use industry, it is categorized into electrical & electronics, building & construction, transportation, medical, consumer goods, paper & packaging, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key FindingsOn the basis of type, the acrylic polymer emulsion segment held the highest market share in 2023.
As per technology, the water-based segment acquired a high stake in 2023.
Depending on end-use industry, the paper & packaging segment accounted for a high market share in 2023.
Region wise, Asia-Pacific was the highest revenue generator in 2023.
Competition AnalysisThe major players operating in the global acrylic adhesives market include 3M, Henkel Corporation, Avery Dennison Corporation, H.B. Fuller Company, Sika AG, Dow Inc., Arkema Group, Huntsman International LLC, MAPEI S.P.A., and Pidilite Industries Ltd. These players have adopted various key developmental strategies such as business expansion, new product launches, and partnerships to strengthen their foothold in the market.
Key Market SegmentsBy TypeAcrylic Polymer Emulsion
Pure Acrylic
Styrene Acrylic
Vinyl Acrylic
Cyanoacrylic
Ethyl Cyanoacrylate
Methyl Cyanoacrylate
Others
Methacrylic
UV Curable Acrylic
By TechnologyPressure-sensitive
Solvent-based
Water-based
Reactive Others
By End-Use IndustryElectrical and Electronics
Building and Construction
Transportation
Medical
Consumer Goods
Paper and Packaging
Others
By RegionNorth America
U.S.
Canada
Mexico
Europe
France
Germany
Italy
Spain
UK
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
South Africa
Saudi Arabia
Rest of LAMEA
Key Market Players
3M
Henkel Corporation
Avery Dennison Corporation
H.B. Fuller Company
Sika AG
Dow Inc.
Arkema Group
Huntsman International LLC
MAPEI S.P.A.
Pidilite Industries Ltd.