Acrylic adhesives are adhesives manufactured using methacrylate and acrylate monomers as a major feedstock. Polymer mixtures are dissolved in methacrylate or acrylate monomer and the adhesive is produced as two different components. One component contains oxidizing agents mainly peroxide compounds such as benzoyl peroxide and the other component contains metal salts or amines as reducing agent. The components are mixed before application on surface or each component can be applied to separate surfaces to be glued. Upon mixing, the components react and trigger polymerization of methacrylate monomer.
 
Acrylic adhesives dominate the global demand for adhesives and the trend is anticipated to continue for the next six years. Acrylic adhesives can be used for a wide range of applications such as plastic, metal, glass, ceramic among several others. Acrylic adhesives have high efficiency even on oil surfaces and also have high performance standard under wide temperature range. Therefore, major end user industries for acrylic adhesives include automotive, construction, furniture and packaging among several others.
 
Acrylic adhesives make the surface ready to be handled in few minutes and works efficiently even on contaminated surfaces. Acrylic adhesives also do not affect aesthetics of the surface. Therefore, demand for acrylic adhesives is primarily driven by the comparative advantage of acrylic over other adhesives. Moreover, high growth in automotive industry is expected to drive demand for acrylic adhesives during the forecast period. Demand for acrylic adhesives is profoundly dependent on consumer markets therefore; macroeconomic factors such as GDP growth are also among major growth driver for acrylic adhesives market.
 
Acrylic adhesives pose severe occupational health hazards and prolonged exposure can lead to respiratory disorders. Moreover, acrylic adhesives have to be disposed carefully as they pose threat to the environment. The environment and health hazards associated with acrylic adhesives have led to stringent environmental regulations in the industry which has been a major factor hampering acrylic adhesives market growth. The regulations have also increased the threat of substitution in the market. There have been significant researches in developing bio based acrylic adhesives which is expected to offer huge growth opportunity in the market.
 
Asia Pacific dominates the global acrylic adhesives market and the trend is anticipated to continue for a foreseeable future. Increasing industrial investment and high GDP growth in the emerging economies of India and China is expected to drive demand for acrylic adhesives in Asia Pacific. Asia Pacific is anticipated to be the fastest growing region in acrylic adhesives market during the forecast period. Demand for acrylic adhesives in North America and Europe is anticipated to grow at a sluggish rate primarily owing to the stringent regulations in the region and market saturation in several end user industries. 
Developing economies in South America and Africa are anticipated to offer huge growth opportunity for acrylic adhesives market.
 
Acrylic adhesives market is consolidated and dominated by few global companies that constitute major portion of the global market share. The market is characterized by high degree of competition. Major players compete by pricing differentiation, moreover owing to environmental regulations; they also invest in research and development activities to gain competitive edge. Some of the major players in acrylic adhesives market include The Dow Chemical Company, Henkel AG & Company, 3M and Eastman Chemical Company among several others.
 
This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include 
  • North America 
  • Asia Pacific 
  • Europe
  • Rest of the World  
This report provides comprehensive analysis of 
  • Market growth drivers 
  • Factors limiting market growth
  • Current market trends 
  • Market structure
  • Market projections for upcoming years 
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis. 
 
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This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
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  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Acrylic Adhesives Market

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