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Asia Pacific Acrylic Adhesives Market Industry | 2031
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Asia Pacific Acrylic Adhesives Market Industry | 2031

Segments - Asia Pacific Acrylic Adhesives Market by Technology (Water-based, Solvent-based, Reactive, and Other Technologies), End-user Industry (Packaging, Building and Construction, Transportation, Electrical and Electronics, Sporting Goods, Woodworking, and Other End-user Industries) and Geography (China, India, Japan, South Korea, ASEAN Countries, Australia & New Zealand, and Rest of Asia-Pacific)- Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

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Author : Riddhesh Dani
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Fact-checked by : Harneet Meher
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Editor : Shruti Bhat

Upcoming | Report ID :MC-1580 | 4.8 Rating | 66 Reviews | 170 Pages | Format : PDF Excel PPT

Report Description


The Asia-Pacific acrylic adhesives market size was USD XX Billion in 2022 and is likely to reach USD XX Billion by 2031, expanding at a CAGR of 6.79% during 2023–2031. The growth of the market is attributed to growing demand from end-user industries, such as woodworking, construction and packaging.

Acrylic adhesives are resin-based adhesives that are created from methylacrylic or acrylic polymers. These adhesives are frequently utilised to bond several materials such as wood, ceramics, plastics, metals, glass, rubber, and others.

Asia Pacific Acrylic Adhesives Market Outlook

Furthermore, they are generally found as syrupy liquids, which are either slightly colored or colorless. These are procured from solutions of polyacrylates or monomeric esters with the help of a catalyst. Additionally, the strength of these adhesives depends on several vital parameters such as adhesion and cohesion.

For instance, cohesion parameter is utilized in checking the ability of the adhesive to stick to itself whereas the adhesion is utilized for measuring the ability of the adhesive to stick to another object. There are various types of acrylic adhesives available in the market; namely, acrylic polymer emulsion, cyanoacrylic, and others.

Moreover, these adhesives reveal properties such as excellent environmental resistance, quick bonding with different materials and fast-setting times when compared to other resin systems.

The Covid-19 pandemic had an unpleasant impact on the acrylic adhesives market. The demand from the end-user industry has been on halt and both the production and supply ware affected; however, the government’s steps and strategies have helped to neutralised the situation. This pandemic has encouraged the key players to implement advance technologies to overcome these challenges and expand the market growth.

  • Factors such as per capita income and consumption patterns of the masses are significantly increasing the consumption of fast-moving consumer goods in these markets which is projected to boost the market growth of acrylic adhesives market during the forecast period.

  • Online food deliveries, Growing e-commerce, and innovation and development in the packaging industry are driving the demand for packaging materials in the region; thereby, expanding the acrylic adhesives market.

  • Rising demand for ready-to-eat and processed meals have increased significantly, due to convenience offered by such products to the consumers increasing which is likely to spur the market growth of acrylic adhesives market.

  • The stringent VOC emission regulations related to acrylic adhesives disposal and substitution from different feedstock are estimated to impede the market growth.

  • R&D investment and technological advancement in Asia-Pacific acrylic adhesives market are expected to offer lucrative opportunities for the market players.

Scope of Asia Pacific Acrylic Adhesives Market Report

The report on the Asia-Pacific acrylic adhesives market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Acrylic Adhesives Market - Asia-Pacific Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016–2021

Forecast Period

2023–2031

Segmentation

Technology (Water-based, Solvent-based, Reactive, and Other Technologies), End-user Industry (Packaging, Building and Construction, Transportation, Electrical and Electronics, Sporting Goods, Woodworking, and Other End-user Industries)

Regional Scope

China, India, Japan, South Korea, ASEAN Countries, Australia & New Zealand, and Rest of Asia-Pacific

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

3M, Arkema Group, H.B. Fuller, Henkel AG & Co. KGaA and Sika AG

Asia Pacific Acrylic Adhesives Market Segment insights

The water-based segment is projected to constitute a large market share

Based on technology, the Asia-Pacific acrylic adhesives market is segregated into water-based, solvent-based, reactive, and others. The water-based segment is expected to account for a key share of the market during the forecast period owing to rising consumer awareness about the ill-effects of solvent-based adhesives on environment and human health.

Asia Pacific Acrylic Adhesives Market Technology

Packaging segment is expected to register a substantial CAGR

Based on end-user industry, the Asia-Pacific acrylic adhesives market is divided into packaging, building and construction, transportation, electrical and electronics, sporting goods, woodworking, and others.

The packaging segment accounts for a key share of the market and is estimated to propel even further over the forecast period owing to its applications in manufacturing of several products, such as cases, labels, tapes, and cartons.

However, building and construction segment is anticipated to expand at a rapid pace during the forecast period due to significant increase in government investment on large-scale infrastructure projects in order to ensure steady growth of the economy.

Asia Pacific is expected to dominate the market

In terms of countries, the market is broadly classified as China, India, Japan, South Korea, ASEAN Countries, Australia & New Zealand, and Rest of Asia-Pacific. China is anticipated to expand at a robust CAGR during the forecast period.

Growing construction activities and increasing demand from packaging industry are anticipated to boost the market growth over the coming years. Furthermore, rising population and growth of e-commerce industry in this country are projected to offer lucrative opportunities in near future.

Segments

The Asia-Pacific acrylic adhesives market has been segmented on the basis of:-

Technology

  • Water-based
  • Solvent-based 
  • Reactive         
  • Other Technologies

End-user Industry

  • Packaging
  • Building and Construction
  • Transportation
  • Electrical and Electronics
  • Sporting Goods
  • Woodworking
  • Other End-user Industries

Geography

  • China
  • India
  • Japan
  • South Korea
  • ASEAN Countries
  • Australia & New Zealand
  • Rest of Asia-Pacific

Key Companies

  • 3M
  • Arkema Group
  • H.B. Fuller
  • Henkel AG & Co. KGaA
  • Sika AG

Competitive Landscape

Key players competing in the Asia-Pacific acrylic adhesives market include 3M, Arkema Group, H.B. Fuller, Henkel AG & Co. KGaA and Sika AG

Some of these players are using several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares.

Asia Pacific Acrylic Adhesives Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Acrylic Adhesives Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Acrylic Adhesives Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Acrylic Adhesives Market - Supply Chain
  4.5. Global Acrylic Adhesives Market Forecast
     4.5.1. Acrylic Adhesives Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Acrylic Adhesives Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Acrylic Adhesives Market Absolute $ Opportunity
5. Global Acrylic Adhesives Market Analysis and Forecast by End Users
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by End Users
     5.2.2. Y-o-Y Growth Projections by End Users
  5.3. Acrylic Adhesives Market Size and Volume Forecast by End Users
     5.3.1. Packaging Building and Construction Transportation Electrical and Electronics  
  5.4. Absolute $ Opportunity Assessment by End Users
  5.5. Market Attractiveness/Growth Potential Analysis by End Users
6. Global Acrylic Adhesives Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Acrylic Adhesives Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Acrylic Adhesives Demand Share Forecast, 2019-2026
7. North America Acrylic Adhesives Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Acrylic Adhesives Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Acrylic Adhesives Market Size and Volume Forecast by End Users
     7.4.1. Packaging Building and Construction Transportation Electrical and Electronics  
  7.5. Basis Point Share (BPS) Analysis by End Users
  7.6. Y-o-Y Growth Projections by End Users
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Acrylic Adhesives Demand Share Forecast, 2019-2026
8. Latin America Acrylic Adhesives Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Acrylic Adhesives Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Acrylic Adhesives Market Size and Volume Forecast by End Users
     8.4.1. Packaging Building and Construction Transportation Electrical and Electronics  
  8.5. Basis Point Share (BPS) Analysis by End Users
  8.6. Y-o-Y Growth Projections by End Users
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Acrylic Adhesives Demand Share Forecast, 2019-2026
9. Europe Acrylic Adhesives Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Acrylic Adhesives Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Acrylic Adhesives Market Size and Volume Forecast by End Users
     9.4.1. Packaging Building and Construction Transportation Electrical and Electronics  
  9.5. Basis Point Share (BPS) Analysis by End Users
  9.6. Y-o-Y Growth Projections by End Users
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Acrylic Adhesives Demand Share Forecast, 2019-2026
10. Asia Pacific Acrylic Adhesives Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Acrylic Adhesives Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Acrylic Adhesives Market Size and Volume Forecast by End Users
     10.4.1. Packaging Building and Construction Transportation Electrical and Electronics  
  10.5. Basis Point Share (BPS) Analysis by End Users
  10.6. Y-o-Y Growth Projections by End Users
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Acrylic Adhesives Demand Share Forecast, 2019-2026
11. Middle East & Africa Acrylic Adhesives Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Acrylic Adhesives Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Acrylic Adhesives Market Size and Volume Forecast by End Users
     11.4.1. Packaging Building and Construction Transportation Electrical and Electronics  
  11.5. Basis Point Share (BPS) Analysis by End Users
  11.6. Y-o-Y Growth Projections by End Users
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Acrylic Adhesives Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Acrylic Adhesives Market: Market Share Analysis
  12.2. Acrylic Adhesives Distributors and Customers
  12.3. Acrylic Adhesives Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. 3M Arkema Group H.B. Fuller Henkel AG & Co. KGaA  

Methodology

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