Asia-Pacific Acrylic Adhesives Market - Size
Base Year For Estimation
2023
Forecast Data Period
2024-2030
Historical Data Period
2018-2021
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
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
Asia-Pacific Acrylic Adhesives Market - Growth
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
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 largest market regarding
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Asia-Pacific Acrylic Adhesives Market - Porter's Five Force Analysis
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
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