Asia-Pacific Acrylic Adhesives Market – Share, Outlook, Trends, Size and Forecast (2024 – 2032)

The acrylic adhesives are the type of adhesives which are manufactured by using methacrylate and acrylate monomers as a major raw material. The polymer mixtures are dissolved in methacrylate or acrylate monomer, and the adhesive is produced as two different components. The two different components consist of oxidising agents mainly peroxide compounds such as benzoyl peroxide, and the other component consists of metal salts or amines as reducing agent.

Asia-Pacific Acrylic Adhesives Market Segments Size & Growth:

Asia-Pacific acrylic adhesives market size is expected to reach approximately $XX billion by the end of 2024 with a CAGR of close to XX% from $XX billion in 2017 during the forecast timeline 2018-2024. Key parameters promoting the market growth include dynamic economic development in Asia-Pacific, growing the Asia-Pacific automotive industry, increased demand for water-based acrylic adhesives, increasing demand from packaging industry, and technological advancements in end-user industries. However, volatility in raw material prices, and stringent environmental regulations in European countries are hindering the growth of the market. Various opportunities for acrylic adhesives market include the development of bio-based products, increasing export from Asia-Pacific region, and innovation in applications and products

Asia-Pacific Acrylic Adhesives Market Segments Share:

Asia-Pacific acrylic adhesives market is categorised into technology which comprises of water-based acrylic adhesives, solvent-based acrylic adhesives, and reactive & other acrylic adhesives. The water-based acrylic adhesives segment is expected to hold the largest share in the market because of its unique characteristics such as UV, humidity, and discolouration resistance. By type, the market is segmented into acrylic polymer emulsion, cyanoacrylic adhesives, methacrylic adhesives, and UV curable acrylic adhesives. Acrylic polymer emulsion segment is further categorised into pure acrylic, styrene acrylics, and vinyl acrylics. Cyanoacrylic adhesives segment is further categorised into ethyl cyanoacrylate, methyl cyanoacrylate, N-butyl cyanoacrylate, 2-octyl cyanoacrylate, and others. By end-users, the market is segmented into electrical & electronics, furniture, paper & packaging, automotive, construction, healthcare, and others. Among them, paper & packaging segment is expected to hold the largest share in the market because of increasing demand for consumer goods in several countries across the globe. In the packaging application, acrylic adhesives are majorly used in the production of labels, cases, cartons, and others.

On the basis of Geography, China is projected to hold the largest share in the market and anticipated to witness the highest growth rate during the forecast period because of increasing industrial investment and high GDP growth in the emerging economies, growing population, and increasing demand for various applications, such as paper & packaging and construction are estimated to boost the growth of the China acrylic adhesives market. Countries like China, Japan, and India are estimated to be the major markets for acrylic adhesives in Asia-Pacific region, and among them, China is estimated to be the largest market regarding consumption.

Asia-Pacific Acrylic Adhesives Market Trends:

• Tesa SE (A Beiersdorf Company) has launched a new product called tesa ACXplus 6808 which is a deep black acrylic foam tape for exterior attachment parts.

Asia-Pacific Acrylic Adhesives Market Research Report:

An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.

To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.

Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year

Identifying DROC in the current market and their impact in altering the market dynamics.

Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial analysis with major competitors.

Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.

The major market players, such as

• 3M Company
• Ashland Inc.
• Dow Chemical Company
• B. Fuller Co.
• Henkel AG & Co. KGaA

Along with these companies, there were many other companies considered/cited in the report while analysing the Asia-Pacific acrylic adhesives market. These companies hold substantial share-owning to the nature of the industry whereas rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and strong customer base.