Global Acrylic Adhesives Market Expected to Reach USD 18.41 Billion by 2030, Growing at a CAGR of 5.81%
Summary: The Global Acrylic Adhesives Market was valued at USD 12.40 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 5.81%, reaching nearly USD 18.41 billion by 2030. This press release provides an in-depth analysis of market dynamics, competitive landscape, key players, and future growth opportunities.
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A) Market Size
The Acrylic Adhesives market has seen substantial growth, with a valuation of USD 12.40 billion in 2023. Analysts project a steady increase in revenue, with an expected market size of approximately USD 18.41 billion by 2030, driven by rising demand across various industries including construction, transportation, and medical applications.
B) Scope and Research Methodology
This comprehensive report by Maximize Market Research encompasses extensive research methodologies, including quantitative and qualitative analysis, to ensure accuracy in market predictions. The study explores key trends, market drivers, and challenges impacting the Acrylic Adhesives industry. Data is sourced from reputable industry publications, market reports, and expert interviews.
C) Report Coverage
The report covers various aspects of the Acrylic Adhesives market, including market segmentation, competitive landscape, recent developments, and regional insights. It also highlights the impact of technological advancements and changing consumer preferences on market dynamics.
D) Overview
Acrylic adhesives are versatile bonding agents widely used due to their strong adhesion properties and adaptability to various substrates. Their applications span several industries, making them a critical component in manufacturing processes.
E) Dynamics
Market growth is influenced by several factors, including increasing demand for lightweight materials in automotive manufacturing, innovations in adhesive formulations, and growing applications in the healthcare sector. However, challenges such as fluctuating raw material prices may hinder market expansion.
F) Segmentation
The Acrylic Adhesives market is segmented based on technology, type, and application:
- By Technology:
- Water-based
- Solvent-based
- Reactive and Others
- By Type:
- Acrylic Polymer Emulsion
- Cyanoacrylic
- Methacrylic
- UV Curable Acrylic
- By Application:
- Paper & Packaging
- Construction
- Transportation
- Medical
- Consumer
- Woodworking
- Electronics
- Others
G) Key Players Include
Key players in the Acrylic Adhesives market comprise industry leaders such as:
- Bayer Corporation
- Henkel AG & Company
- 3M Company
- Bostik SA
- H.B. Fuller
- Illinois Tool Works Inc.
- Covestro LLC
- Avery Dennison
- Sika AG
- Pidilite Industries Limited
- Royal Adhesives & Sealants, LLC
- ITW
- MAPEI Inc.
- BASF
- Eastman Chemical Company
- RPM International Inc.
- TONSAN Adhesive, Inc.
- TOAGOSEI CO., LTD
H) Key Offerings
The report highlights the significant offerings from key players, focusing on innovative products, customer engagement strategies, and market share acquisition tactics to strengthen their position in the competitive landscape.
I) Table of Contents:
- Executive Summary
- Market Introduction
- Market Dynamics
- Market Segmentation
- Competitive Landscape
- Regional Analysis
- COVID-19 Impact Analysis
- Key Findings and Recommendations
- Conclusion
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