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Acrylic adhesives are adhesives produced utilizing methacrylate and acrylate monomers as a main feedstock. Polymer mixtures are dissolved in methacrylate or acrylate monomer and the adhesive is manufactured as two different components. One component contains oxidizing agents primarily peroxide compounds such as benzoyl peroxide and the other component comprises metal salts or amines as reducing agent. Furthermore, these adhesives are key to large sections of modern industry, providing high strength bonds that work well as an alternative to rivets or other more mechanical joining techniques. Acrylic adhesives have traditionally been used for their strong structural adhesive properties. A structural adhesive is an adhesive that is used to create a load-bearing joint.
Moreover, as a good structural adhesive, acrylic adhesives are naturally in high demand. As an inexpensive structural adhesive, they can be very useful to very many projects! Acrylic adhesives also look good, and bond easily to a number of different materials. This gives them a great flexibility in terms of applications, explaining why they are used so widely.
Growing demand for miniaturization and automation in electronics industry and advancement in technology in acrylic adhesives are some of the major factors driving the acrylic adhesives market. Furthermore, increase in demand for acrylic adhesives in Asia-Pacific region is also the one of the factor driving the acrylic adhesives market. However, impulsiveness in raw material prices is one of the major factors hampering growth of the acrylic adhesives market globally.
Geographically, the market is segmented into Asia-Pacific, North America, Europe and RoW. the Europe accounted for the largest market in global acrylic adhesives market. The Asia Pacific is prophesized to come up as a rapidly growing region in the market due to the growing use of acrylic adhesives in paper & packaging, construction, and woodworking applications. Furthermore, growing end-use markets and global shift of production facilities to emerging markets is expected to provide new growth opportunities to the market.
The technologies studied in the market are Water-based, Solvent-based and Reactive & Others. Water-based adhesives are extensively used in various applications such as construction, packaging, rigid & non-rigid bonding, tapes, and transportation industries owing to their properties such as viscosity, tack, set speed, bond strength, and lay-flat properties among others.
The types comprises of acrylic polymer emulsion, cyanoacrylic, methacrylic and UV curable acrylic. The acrylic polymer emulsion is widely used because of their easy availability and wide acceptability in applications such as paper & packaging and construction sectors
Various applications of the market are paper & packaging, construction, transportation, medical, consumer, woodworking, electronics and others. Acrylic adhesives are used in various construction & building applications owing to their excellent strength to weight ratio, insulation properties, durability, and versatility. A broad range of pipe materials and vacuum insulation panels are being utilized in buildings that operate on low energy requirements.
The key companies in the acrylic adhesives market are Henkel AG & Company, H.B. Fuller, Bostik Sa, Illinois Tool Works Inc., Sika AG, 3M Company, Huntsman Corporation, Avery Dennison Corporation, Pidilite Industries, Toagosei Co., Ltd., Royal Adhesives & Sealants, LLC and Permabond LLC. Foremost companies have invested huge capital in mergers & acquisitions and research & development activities to develop advanced products in the market.
The report analyses the Global Acrylic Adhesive Market based on Technology, Type, Application and Geography. The technologies studied in the market are Water-based, Solvent-based and Reactive & Others. The types comprises of acrylic polymer emulsion, cyanoacrylic, methacrylic and UV curable acrylic. Various applications of the market are paper & packaging, construction, transportation, medical, consumer, woodworking, electronics and others.
Geographically, the market is segmented into Asia-Pacific, North America, Europe and RoW. the Europe accounted for the largest market in global acrylic adhesives market. The Asia Pacific is prophesized to come up as a rapidly growing region in the market due to the growing use of acrylic adhesives in paper & packaging, construction, and woodworking applications. Furthermore, growing end-use markets and global shift of production facilities to emerging markets is expected to provide new growth opportunities to the market.
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