Acrylic Adhesives Market Size, Share, Industry Trends and Forecast to 2033
This report provides an in-depth analysis of the acrylic adhesives market, exploring its growth potential, key trends, and competitive landscape. It includes market forecasts from 2023 to 2033, highlighting insights into market size, regional dynamics, and technological advancements.
| Metric | Value |
|---|---|
| Study Period | 2023 - 2033 |
| 2023 Market Size | $8.50 Billion |
| CAGR (2023-2033) | 6.5% |
| 2033 Market Size | $16.22 Billion |
| Top Companies | Henkel AG & Co. KGaA, 3M Company, BASF SE, Sika AG |
| Last Modified Date | 15 Nov 2024 |
Acrylic Adhesives Market Report (2023 - 2033)
Acrylic Adhesives Market Overview
What is the Market Size & CAGR of Acrylic Adhesives market in 2023?
Acrylic Adhesives Industry Analysis
Acrylic Adhesives Market Segmentation and Scope
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Acrylic Adhesives Market Analysis Report by Region
Europe Acrylic Adhesives Market Report:
In Europe, the acrylic adhesives market size in 2023 is $2.79 billion, anticipated to grow to $5.33 billion by 2033. The region's strict regulations concerning the use of solvents are boosting the demand for environmental-friendly options, thereby driving innovations in adhesive formulations.Asia Pacific Acrylic Adhesives Market Report:
The Asia Pacific region holds a significant share of the acrylic adhesives market, with a market size of $1.48 billion in 2023, expected to grow to $2.83 billion by 2033. The growth is attributed to rapid industrialization and booming construction projects across countries like China and India, alongside a growing automotive industry.North America Acrylic Adhesives Market Report:
North America accounts for a substantial market share, with an estimated size of $3.00 billion in 2023, projected to reach $5.73 billion by 2033. The growth is driven by robust construction activities, particularly in the US and Canada, and significant advancements in automotive manufacturing technologies.South America Acrylic Adhesives Market Report:
South America is poised for gradual growth, starting with a market size of $0.30 billion in 2023 and expected to reach $0.58 billion by 2033. Increased infrastructure development and rising disposable incomes are contributing to the demand for acrylic adhesives in various applications.Middle East & Africa Acrylic Adhesives Market Report:
The Middle East and Africa market reflects growth potential, starting from $0.92 billion in 2023 and expected to reach $1.75 billion by 2033. The increases are primarily associated with infrastructural developments and the growing manufacturing sector.Request a custom research report for industry.
Acrylic Adhesives Market Analysis By Type
Global Acrylic Adhesives Market, By Type Market Analysis (2023 - 2033)
The major types of acrylic adhesives include Water-Based, Solvent-Based, and Reactive Adhesives. Water-Based Adhesives dominate the market with a size of $5.60 billion in 2023, expected to grow to $10.69 billion by 2033, maintaining a market share of 65.91%. Solvent-Based Adhesives follow with a 2023 market size of $2.16 billion, expected to double to $4.12 billion by 2033, holding a 25.4% share. Reactive Adhesives contribute a smaller share with $0.74 billion in 2023, anticipating a rise to $1.41 billion by 2033, maintaining an 8.69% market share.
Acrylic Adhesives Market Analysis By Application
Global Acrylic Adhesives Market, By Application Market Analysis (2023 - 2033)
Key applications of acrylic adhesives span Packaging, Automotive, Construction, Electronics, and Healthcare. Packaging accounts for $3.88 billion in 2023, projected to reach $7.40 billion by 2033, with a substantial market share of 45.64%. The Automotive sector has a current size of $1.84 billion, expected to increase to $3.51 billion by 2033, accounting for 21.61% of the market.
Acrylic Adhesives Market Analysis By End User
Global Acrylic Adhesives Market, By End-User Industry Market Analysis (2023 - 2033)
The end-user industries include Manufacturing, Furniture, Textile, and Consumer Goods. Manufacturing leads with $3.88 billion in 2023, projected at $7.40 billion by 2033 (45.64% share). Furniture follows with $1.84 billion in 2023 and is expected to reach $3.51 billion by 2033, holding a significant share of 21.61%.
Acrylic Adhesives Market Analysis By Chemical Composition
Global Acrylic Adhesives Market, By Chemical Composition Market Analysis (2023 - 2033)
The market is characterized by different chemical compositions such as Ethyl Acrylic, Butyl Acrylic, and Methyl Acrylic. Ethyl Acrylic dominates with $5.60 billion in 2023 and expected to grow to $10.69 billion by 2033. Butyl Acrylic presents a market size of $2.16 billion in 2023, forecasted at $4.12 billion by 2033, while Methyl Acrylic generates $0.74 billion and is expected to reach $1.41 billion by 2033.
Acrylic Adhesives Market Analysis By Functionality
Global Acrylic Adhesives Market, By Functionality Market Analysis (2023 - 2033)
The functionality classification includes Structural and Non-Structural Adhesives. Structural Adhesives constitute the largest segment, with a market size of $7.55 billion in 2023, increasing to $14.41 billion by 2033. Non-Structural Adhesives yield a smaller market size of $0.95 billion in 2023, expected at $1.81 billion in 2033.
Acrylic Adhesives Market Trends and Future Forecast
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Global Market Leaders and Top Companies in Acrylic Adhesives Industry
Henkel AG & Co. KGaA:
A global leader in adhesive technologies, Henkel produces a wide range of acrylic adhesives for various applications, known for their quality and sustainability.3M Company:
Renowned for innovation, 3M offers an extensive portfolio of acrylic adhesive products, catering to industries like automotive, construction, and healthcare.BASF SE:
BASF is one of the largest chemical producers globally, providing cutting-edge acrylic adhesive solutions with a strong commitment to sustainability and environmental compliance.Sika AG:
Sika specializes in construction and building materials, offering high-performance acrylic adhesives suitable for demanding applications in construction and industry.We're grateful to work with incredible clients.
