Acrylic adhesives are a type of pressure-sensitive adhesive composed of various acrylic polymer components. These adhesives are strong and have a good balance of properties such as high-temperature resistance, good chemical resistance, good adhesion to many substrates, and good dielectric properties. These properties make them ideal for many applications. Acrylic adhesives are used in numerous industries including automotive, aerospace, medical, electronics, and packaging. They are used for applications such as bonding plastics and metals, insulation, and sealing. They are also used to create tamper-proof seals and labels. The acrylic adhesives market is projected to grow from USD 8.84 Billion in 2017 to USD 11.72 Billion by 2022, at a CAGR of 5.81% between 2017 and 2022.
The demand for acrylic adhesives is expected to remain strong over the coming years as new applications are developed and the existing uses are refined. In many industries, the use of acrylic adhesives is becoming increasingly essential due to their ability to provide a durable bond and their resistance to harsh environmental conditions.
Asia-Pacific is the largest consumer of acrylic adhesives. Increasing population and technological advancements in the building & construction and transportation industries are expected to fuel the growth of the acrylic adhesives market in Asia-Pacific. China, Japan, and India are the major acrylic adhesives markets in Asia-Pacific. China is estimated to be the largest market in terms of consumption of acrylic adhesives.
New product launch was the major strategy adopted by key industry players to achieve growth in the acrylic adhesives market between 2010 and 2016. This strategy accounted for a share of 51% of all growth strategies adopted by key market players. Companies adopted this strategy to provide improved products and develop acrylic adhesives for use across new applications. Arkema, Illinois Tool Works Inc., Sika AG, 3M, Huntsman International LLC., AVERY DENNISON CORPORATION, Pidilite Industries Ltd., TOAGOSEI CO., LTD., Permabond LLC., Dymax Corporation, Franklin International, Parker Hannifin Corp, RPM International Inc., TONSAN Adhesive, Inc, Bostik SA, MAPEI S.p.A., among other are some of the leading players that adopted this strategy between 2010 and 2016.
