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CAGR 5.9% Growth Predicted in Acrylic Adhesives Market by 2024: Henkel AG & Company, H.B. Fuller, BostikSA, Illinois Tool Works Inc., Sika AG and other

The acrylic adhesives market report is a complete study of changes that chemical and material industry is undergoing owing to the acrylic adhesives market. There are several systematic information included in the report, like the CAGR values in the forecasted years from 2019-2024, the market definition, classifications, applications, and market trends and using them to achieve a greater edge on the key players and brands whose company profiles are included in the aforementioned report.

This report on acrylic adhesives market further contains the recent developments, product launches, joint ventures, mergers and acquisitions, and regional growth of the top brands and players.  The report also determines the market drivers and restraints with the help of SWOT analysis and Porter’s Five Forces method.

Market Analysis: The global acrylic adhesives market accounted for USD 8.32billion in 2016 and is projected to grow at a CAGR of 5.9% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

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Major Market Competitors:

  • Henkel AG & Company
  • B. Fuller
  • BostikSA
  • Illinois Tool Works Inc.
  • Sika AG
  • 3M Company
  • Huntsman Corporation
  • Avery Dennison Corporation
  • Pidilite Industries
  • Toagosei Co., Ltd.
  • Royal Adhesives & Sealants, LLC
  • Permabond LLC and many more.

Major Market Drivers & Restraint:

  • Increasing demand for miniaturization and automation in electronics industry
  • Increasing demand for acrylic adhesives in Asia-Pacific region
  • Stringent environment regulations in European countries
  • Volatility in the raw material prices

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Market Segmentation:

The acrylic adhesivesmarket is segmented on the basis of product type into

  • temporary acrylic adhesive
  • permanent acrylic adhesive

Permanent acrylic adhesive is expected to grow at the highest CAGR over the forecast period.

Forms

  • liquid
  • paste
  • tape

Technology

  • Water-based
  • Solvent-based
  • Reactive and Others

Type

  • acrylic polymer emulsion
  • cyanoacrylic
  • methacrylic
  • uv curable acrylic

Acrylic polymer emulsion

  • acrylic
  • styrene acrylics
  • vinyl acrylics

Cyanoacrylic adhesives are further segmented into

  • ethyl cyanoacrylate
  • methyl cyanoacrylate
  • other cyanoacrylates
  • methacrylic adhesives
  • uv curable acrylic adhesives

Cyanoacrylatesare

  • n-butyl cyanoacrylate
  • octyl cyanoacrylate

Application

  • paper & packaging
  • construction
  • transportation
  • medical
  • consumer
  • woodworking
  • electronics and others
  • bookbinding
  • signage
  • leather & footwear

Competitive Landscape: The global acrylic adhesivesmarket is highly fragmented with the presence of a large number of players across different regions. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.

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