The Europe acrylic adhesive market size is estimated to expand at a significant CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the rising adoption of acrylic adhesives in the construction, automotive, and pharmaceutical industry.
Acrylic adhesives are resin-based acrylic or methylacrylic polymers. The strength of acrylic adhesives depends on various crucial parameters, such as cohesion and adhesion. These adhesives are used to bond different materials, including ceramics, wood, metals, plastics, rubber, and glass. Acrylic adhesives are available in syrupy form, which are either colorless or slightly colored. These are obtained from monomeric esters or solutions of polyacrylates with the help of a catalyst.
Adhesion is used to measure the ability of the adhesive to stick to another object, whereas the cohesion parameter is used to check ability of the adhesive to stick to itself. There are different types of acrylic adhesives available, such as acrylic polymer emulsion and cyanoacrylic. These adhesives exhibit properties such as quick bonding with different materials, excellent environmental resistance, and fast-setting time.
Market Trends, Drivers, Restraints, and Opportunities
- Elevated demand from packaging industry due to high dependency on processed and packaged food products is anticipated to boost the market growth.
- Rising use of acrylic adhesives in construction industry is anticipated to propel the market growth during the forecast period.
- Increasing demand for miniaturization and automation in the electronics industry, where acrylic adhesives are used majorly for hard disk drives and touchscreen displays is expected to spur the market growth.
- Acrylic adhesives exhibit characteristic traits such as high performance and ability to be used across diverse end-use industries, which is estimated to push the market growth in the coming years.
- Strict regulations imposed on the use of acrylic adhesives can restrict the growth of the Europe acrylic adhesive market.
- Stringent volatile organic compounds (VOC) emission regulations related to acrylic adhesives disposal and presence of alternatives can hinder the market of the growth in the coming years.
- Increasing R&D investment and ongoing technological advancement for shifting focus towards the bio-based acrylic adhesives are estimated to create significant opportunities for the market players.
Scope of the Report
The report on the Europe acrylic adhesive market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Europe Acrylic Adhesive Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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Technologies (Water-based, Solvent-based, Reactive, and Others) and End-user Industries (Packaging, Building & Construction, Transportation, Electrical & Electronics, Sporting Goods, Woodworking, and Others)
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Geographical Scope
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Germany, UK, France, Italy, Spain, and Rest of Europe
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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H.B. Fuller, Henkel AG & Co. KGaA, Sika AG, Arkema Group, and 3M.
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Europe Acrylic Adhesive Market Segment Insights
Water-based segment is projected to account for a large market share
Based on technologies, the market is divided into water-based, solvent-based, reactive, and others. The water-based segment is expected to hold a large market share during the forecast period due to the increasing consumer awareness about the ill-effects of solvent-based adhesives to environment and human health.
Packaging segment to register a significant CAGR
In terms of end-user industries, the market is segmented into packaging, building & construction, transportation, electrical & electronics, sporting goods, woodworking, and others. The packaging segment is expected to expand at a robust CAGR during the forecast period. Broad usage of packaging in the manufacturing of various products, such as tapes, cases, labels, and cartons is driving the growth of the market segment. Increasing e-commerce activities and innovation & development related to product packaging are expected to further drive the market segment growth.
Germany to dominate the market
On the basis of geography, the market is classified as Germany, UK, France, Italy, Spain, and Rest of Europe. Germany is anticipated to dominate the market during the forecast period. The regional market growth can be attributed to the increasing online grocery orders in the country. Germany has introduced a new packaging act, which is driving the industry toward eco-friendly packaging practices, spurring the market growth in the country.
Segments
Segments Covered in the Report
The Europe acrylic adhesive market has been segmented on the basis of
Technologies
- Water-Based
- Solvent-Based
- Reactive
- Others
End-user Industries
- Packaging
- Building & Construction
- Transportation
- Electrical & Electronics
- Sporting Goods
- Woodworking
- Others
Geography
- Germany
- UK
- France
- Italy
- Spain
- Rest of Europe
Key Players
- H.B. Fuller
- Henkel AG & Co. KGaA
- Sika AG
- Arkema Group
- 3M
Competitive Landscape
Key players competing in the Europe acrylic adhesive market include H.B. Fuller, Henkel AG & Co. KGaA, Sika AG, Arkema Group, and 3M.
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