Acrylic Adhesive Global Market 2018 | Technology, Applications, Growth and Region Forecast 2023
Global Acrylic Adhesive Market Information: by Type (Acrylic Polymer Emulsion, UV Curable, Cyanoacrylate, Methyl Methacrylate, and Others), Technology (Water Based, Solvent Based, and Others), Application (Automotive & Transportation, Paper & Packaging, Construction, Electrical & Electronics, and Others), and Region- Forecast till 2023
Pune, India – April 24, 2018 /MarketersMedia/ —
Acrylic Adhesive Market – Overview
The ability to transform productivity and performance are a few of the key factors that are responsible for shaping the Acrylic Adhesive Industry. Focused Market reports connected to the chemicals & materials sector among others lately have been made available by Market Research Future which publishes a report on this sector. The industry for Acrylic Adhesive Industry is anticipated to grow at a high CAGR percent during the forecast period from 2017-2023.
The application of Acrylic Adhesives in the packaging sector has been one of the major drivers in the development of the market. The demand volumes from the packaging sector have been significantly contributing to the development of the market. The automobile and furniture segment have also emerged as key user markets for the Acrylic Adhesives Industry. Vast investment inflows into the commercial, institutional as well as residential sector are expected to bring about a considerable level of development in the industry in the forecast period.
Industry Segments
The Acrylic Adhesive Industry globally is segmented on the basis of technology, type, application, and region. The technology based segment of the industry is segmented into water based, solvent based and others. On the basis of type, the industry is segmented into acrylic polymer emulsion, methyl methacrylate, cyanoacrylate, UV curable, and others. The market on the basis of application is segmented into paper & packaging, construction, automotive & transportation, electrical & electronics, and others. Lastly, on the basis of region this industry is segmented into Europe, Latin America, Asia Pacific, North America, and the Middle East and Africa.
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Detailed Regional Analysis
The Acrylic Adhesive Market around the globe is segmented into five regions such as Latin America, Asia Pacific, Europe, North America, Middle East and Africa. The Asia Pacific region is projected to develop at the highest CAGR over the forecast period owing to the increasing demand for several applications such as construction, automotive & transportation and electrical & electronics. The demand for Acrylic Adhesive is estimated to boost the market expansion in the various nations of the Asia Pacific region such as China, Malaysia, India, Vietnam, Thailand, South Korea, Singapore and Japan due to the high adoption rate by the automobile makers.
Additionally, growing number of working professionals as well as rising demand for packaged goods is estimated to raise flexible and rigid packaging supplies, which can possibly fuel market growth. Moreover, improved purchasing power, reasonable regulatory framework, and ease of accessibility of low-cost raw materials & labor are possible to add fuel to the acrylic adhesive market’s growth of the industry during the forecast period.
Global Competitive Analysis
Competitors who are a part of the industry have devised their corporate strategy blueprint in a way that that can bring the best outcomes for development in the current scenario, while also simultaneously delivering customer value unfailingly. The ability to sustain their competitive edge is one of the main causes fuelling their efforts in this period. The scope for development in the industry appears to be promising through the forecast period. The rising interest for diversification in the industry, has indirectly allowed the players to utilize many prospects available in the industry. This scenario has created opportunities for portfolio improvements along with diversification in the sector, which has improved the scenario for market competitors tremendously in this industry. The organizations in this industry are also trying to enhance and maintain financial liquidity that can be crucial to invest in growth opportunities as and when they become available.
Some of the prominent players operating in the Global Acrylic Adhesive Market are Royal Adhesives & Sealants (U.S.), Henkel AG & Co. KGaA (Germany), Bostik S.A. (France), Sika AG (Switzerland), Eastman Chemical Company (U.S.), 3M (U.S.), H.B. Fuller (U.S.), Avery Dennison Corporation. (U.S.), Pidilite Industries Limited (India), Huntsman International LLC. (U.S.), and others.
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