As per Intent Market Research, the Acrylic Adhesives Market was valued at USD 9.7 billion and will surpass USD 15.8 billion by 2030; growing at a CAGR of 7.2% during 2024 - 2030.
The global acrylic adhesives market is experiencing robust growth, fueled by their widespread applications in industries such as automotive, construction, packaging, and medical. Acrylic adhesives are known for their strong bonding properties, resistance to environmental factors, and versatility, making them essential in both industrial and consumer applications. As demand for high-performance, durable adhesive solutions increases, manufacturers are developing advanced formulations to meet specific requirements, such as low VOC emissions and improved environmental sustainability. The market’s expansion is supported by continuous innovation and rising demand for acrylic adhesives in emerging markets.
Water-Based Acrylic Adhesives Segment is Largest Owing to Environmental Benefits
Among product types, water-based acrylic adhesives lead the market, largely due to their eco-friendly nature and compliance with stringent environmental regulations. These adhesives are water-based, containing minimal or no solvents, which reduces harmful emissions and provides safer alternatives for various applications. Their growing popularity is driven by industries such as packaging, automotive, and construction, where sustainable solutions are increasingly being prioritized.
Water-based acrylic adhesives offer excellent bonding properties, high shear strength, and are resistant to heat and moisture, making them ideal for diverse applications like packaging and bonding of materials in the automotive sector. Their ability to provide strong bonds without compromising environmental standards makes them the preferred choice for manufacturers looking to meet eco-conscious requirements while maintaining performance.
Automotive Application Segment is Fastest Growing Due to Increased Demand for Lightweight Vehicles
The automotive application segment is the fastest-growing in the acrylic adhesives market, driven by the automotive industry's shift toward lightweight, fuel-efficient vehicles. Acrylic adhesives are essential in automotive manufacturing for bonding and sealing applications, offering superior strength, durability, and flexibility. These adhesives are used in a wide range of components, including interior and exterior parts, windows, and even in the assembly of electric vehicles (EVs), where reducing weight and improving efficiency are critical.
The rising demand for electric vehicles (EVs) and advancements in automotive technology further contribute to the expansion of this segment. Acrylic adhesives offer key benefits in EV production, such as facilitating the assembly of lightweight composites, which help reduce the overall weight of vehicles and improve battery efficiency. This shift toward high-performance bonding solutions in the automotive sector is propelling the rapid growth of acrylic adhesives in the automotive application segment.
Industrial Applications End-User Segment is Largest Owing to Versatile Usage in Manufacturing
In the end-user category, industrial applications represent the largest segment, driven by the widespread use of acrylic adhesives in manufacturing processes. These adhesives are integral in bonding various substrates like metals, plastics, and composites, making them invaluable in industries such as aerospace, electronics, and construction. Their ability to provide high-strength, durable bonds across diverse materials makes them crucial for a wide range of industrial applications, including assembly, production lines, and packaging.
The industrial segment’s dominance is also attributed to the increasing demand for high-performance materials in manufacturing, where efficiency, precision, and longevity are essential. Acrylic adhesives are employed in a variety of processes to enhance product quality and streamline production, further cementing their position as a key material in industrial applications.
North America is Largest Region Due to Strong Demand from Automotive and Medical Sectors
Geographically, North America is the largest market for acrylic adhesives, driven by strong demand from key sectors such as automotive, medical, and electronics. The region’s well-established manufacturing base, coupled with stringent regulations on environmental impact, has pushed for the adoption of water-based and low-emission acrylic adhesives.
In particular, the automotive sector in North America has been a significant contributor to market growth, as manufacturers continue to prioritize the use of lightweight materials and environmentally friendly bonding solutions. Furthermore, the medical sector’s growing reliance on acrylic adhesives for devices and wound care products has bolstered the region’s position in the global market.
Competitive Landscape and Key Players
The acrylic adhesives market is highly competitive, with key players like 3M, Henkel AG, H.B. Fuller, Sika AG, and Arkema Group leading the charge. These companies focus on innovation and expanding their product portfolios to cater to diverse industry needs, including automotive, construction, and medical applications. Strategic mergers, acquisitions, and research and development investments are central to maintaining market leadership.
As sustainability becomes increasingly important in adhesive production, many of the leading companies are focusing on developing eco-friendly, low-VOC formulations and exploring new technologies that improve adhesive performance while reducing environmental impact. With the rising demand for high-performance adhesives in industrial and commercial sectors, the competitive landscape is expected to remain dynamic, with continuous innovations driving market growth.
Recent Developments:
- 3M Company expanded its range of sustainable acrylic adhesives for the automotive and electronics sectors.
- Henkel AG & Co. KGaA launched a new acrylic adhesive line designed for medical device assembly.
- BASF SE introduced a high-performance acrylic adhesive for use in the construction industry.
- Sika AG acquired a leading acrylic adhesives company to strengthen its position in the North American market.
- H.B. Fuller unveiled a new range of hot-melt acrylic adhesives designed for packaging applications.
List of Leading Companies:
- 3M Company
- Henkel AG & Co. KGaA
- BASF SE
- Sika AG
- H.B. Fuller
- Scotch Adhesives
- Illinois Tool Works Inc.
- Arkema S.A.
- Avery Dennison Corporation
- Dow Inc.
- Mitsubishi Chemical Corporation
- Royal Adhesives & Sealants LLC
- LPW Technologies
- Solvay S.A.
- Pidilite Industries Limited
Report Scope:
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Report Features |
Description |
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Market Size (2023) |
USD 9.7 billion |
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Forecasted Value (2030) |
USD 15.8 billion |
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CAGR (2024 – 2030) |
7.2% |
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Base Year for Estimation |
2023 |
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Historic Year |
2022 |
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Forecast Period |
2024 – 2030 |
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Report Coverage |
Market Forecast, Market Dynamics, Competitive Landscape, Recent Developments |
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Segments Covered |
Acrylic Adhesives Market By Product Type (Water-Based Acrylic Adhesives, Solvent-Based Acrylic Adhesives, Hot Melt Acrylic Adhesives), By Application (Automotive, Construction, Packaging, Electronics, Medical), By End-User (Industrial Applications, Commercial Applications, Residential Applications) |
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Regional Analysis |
North America (US, Canada, Mexico), Europe (Germany, France, UK, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, South Korea, Australia, India, and Rest of Asia-Pacific), Latin America (Brazil, Argentina, and Rest of Latin America), Middle East & Africa (Saudi Arabia, UAE, Rest of Middle East & Africa) |
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Major Companies |
3M Company, Henkel AG & Co. KGaA, BASF SE, Sika AG, H.B. Fuller, Scotch Adhesives, Illinois Tool Works Inc., Arkema S.A., Avery Dennison Corporation, Dow Inc., Mitsubishi Chemical Corporation, Royal Adhesives & Sealants LLC, LPW Technologies, Solvay S.A., Pidilite Industries Limited |
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Customization Scope |
Customization for segments, region/country-level will be provided. Moreover, additional customization can be done based on the requirements |
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1. Introduction |
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1.1. Market Definition |
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1.2. Scope of the Study |
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1.3. Research Assumptions |
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1.4. Study Limitations |
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2. Research Methodology |
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2.1. Research Approach |
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2.1.1. Top-Down Method |
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2.1.2. Bottom-Up Method |
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2.1.3. Factor Impact Analysis |
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2.2. Insights & Data Collection Process |
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2.2.1. Secondary Research |
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2.2.2. Primary Research |
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2.3. Data Mining Process |
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2.3.1. Data Analysis |
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2.3.2. Data Validation and Revalidation |
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2.3.3. Data Triangulation |
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3. Executive Summary |
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3.1. Major Markets & Segments |
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3.2. Highest Growing Regions and Respective Countries |
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3.3. Impact of Growth Drivers & Inhibitors |
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3.4. Regulatory Overview by Country |
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4. Acrylic Adhesives Market, by Product Type (Market Size & Forecast: USD Million, 2022 – 2030) |
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4.1. Water-Based Acrylic Adhesives |
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4.2. Solvent-Based Acrylic Adhesives |
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4.3. Hot Melt Acrylic Adhesives |
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4.4. Others |
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5. Acrylic Adhesives Market, by Application (Market Size & Forecast: USD Million, 2022 – 2030) |
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5.1. Automotive |
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5.2. Construction |
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5.3. Packaging |
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5.4. Electronics |
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5.5. Medical |
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5.6. Others |
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6. Acrylic Adhesives Market, by End-User (Market Size & Forecast: USD Million, 2022 – 2030) |
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6.1. Industrial Applications |
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6.2. Commercial Applications |
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6.3. Residential Applications |
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6.4. Others |
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7. Regional Analysis (Market Size & Forecast: USD Million, 2022 – 2030) |
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7.1. Regional Overview |
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7.2. North America |
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7.2.1. Regional Trends & Growth Drivers |
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7.2.2. Barriers & Challenges |
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7.2.3. Opportunities |
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7.2.4. Factor Impact Analysis |
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7.2.5. Technology Trends |
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7.2.6. North America Acrylic Adhesives Market, by Product Type |
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7.2.7. North America Acrylic Adhesives Market, by Application |
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7.2.8. North America Acrylic Adhesives Market, by End-User |
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7.2.9. By Country |
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7.2.9.1. US |
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7.2.9.1.1. US Acrylic Adhesives Market, by Product Type |
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7.2.9.1.2. US Acrylic Adhesives Market, by Application |
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7.2.9.1.3. US Acrylic Adhesives Market, by End-User |
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7.2.9.2. Canada |
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7.2.9.3. Mexico |
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*Similar segmentation will be provided for each region and country |
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7.3. Europe |
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7.4. Asia-Pacific |
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7.5. Latin America |
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7.6. Middle East & Africa |
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8. Competitive Landscape |
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8.1. Overview of the Key Players |
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8.2. Competitive Ecosystem |
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8.2.1. Level of Fragmentation |
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8.2.2. Market Consolidation |
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8.2.3. Product Innovation |
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8.3. Company Share Analysis |
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8.4. Company Benchmarking Matrix |
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8.4.1. Strategic Overview |
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8.4.2. Product Innovations |
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8.5. Start-up Ecosystem |
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8.6. Strategic Competitive Insights/ Customer Imperatives |
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8.7. ESG Matrix/ Sustainability Matrix |
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8.8. Manufacturing Network |
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8.8.1. Locations |
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8.8.2. Supply Chain and Logistics |
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8.8.3. Product Flexibility/Customization |
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8.8.4. Digital Transformation and Connectivity |
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8.8.5. Environmental and Regulatory Compliance |
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8.9. Technology Readiness Level Matrix |
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8.10. Technology Maturity Curve |
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8.11. Buying Criteria |
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9. Company Profiles |
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9.1. 3M Company |
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9.1.1. Company Overview |
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9.1.2. Company Financials |
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9.1.3. Product/Service Portfolio |
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9.1.4. Recent Developments |
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9.1.5. IMR Analysis |
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*Similar information will be provided for other companies |
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9.2. Henkel AG & Co. KGaA |
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9.3. BASF SE |
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9.4. Sika AG |
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9.5. H.B. Fuller |
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9.6. Scotch Adhesives |
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9.7. Illinois Tool Works Inc. |
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9.8. Arkema S.A. |
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9.9. Avery Dennison Corporation |
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9.10. Dow Inc. |
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9.11. Mitsubishi Chemical Corporation |
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9.12. Royal Adhesives & Sealants LLC |
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9.13. LPW Technologies |
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9.14. Solvay S.A. |
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9.15. Pidilite Industries Limited |
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10. Appendix |
A comprehensive market research approach was employed to gather and analyze data on the Acrylic Adhesives Market. In the process, the analysis was also done to analyze the parent market and relevant adjacencies to measure the impact of them on the Acrylic Adhesives Market. The research methodology encompassed both secondary and primary research techniques, ensuring the accuracy and credibility of the findings.
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Secondary Research
Secondary research involved a thorough review of pertinent industry reports, journals, articles, and publications. Additionally, annual reports, press releases, and investor presentations of industry players were scrutinized to gain insights into their market positioning and strategies.
Primary Research
Primary research involved conducting in-depth interviews with industry experts, stakeholders, and market participants across the E-Waste Management ecosystem. The primary research objectives included:
- Validating findings and assumptions derived from secondary research
- Gathering qualitative and quantitative data on market trends, drivers, and challenges
- Understanding the demand-side dynamics, encompassing end-users, component manufacturers, facility providers, and service providers
- Assessing the supply-side landscape, including technological advancements and recent developments
Market Size Assessment
A combination of top-down and bottom-up approaches was utilized to analyze the overall size of the Acrylic Adhesives Market. These methods were also employed to assess the size of various subsegments within the market. The market size assessment methodology encompassed the following steps:
- Identification of key industry players and relevant revenues through extensive secondary research
- Determination of the industry's supply chain and market size, in terms of value, through primary and secondary research processes
- Calculation of percentage shares, splits, and breakdowns using secondary sources and verification through primary sources
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Data Triangulation
To ensure the accuracy and reliability of the market size, data triangulation was implemented. This involved cross-referencing data from various sources, including demand and supply side factors, market trends, and expert opinions. Additionally, top-down and bottom-up approaches were employed to validate the market size assessment.
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