Pune, India — 12/15/2017 — Synopsis of Acrylic Adhesive Market:
Acrylic Adhesive belongs to a class of adhesive that are manufactured by using methacrylate and acrylate monomer as a major feedstock. Moreover, Acrylic Adhesive is divided into two categories such as water based and solvent based. Solvent and water act as a carrier for the solids in the coating process and are removed during the curing process. Acrylic Adhesive exhibits superior properties such as excellent temperature resistance, high humidity as well as UV resistance, good adhesion to a variety of substrates. With the above mentioned properties, they find wide applications in paper & packaging, electrical & electronics, construction, automotive & transportation, and others.
As per our analysis, some of the prominent market factors and trends identified in the Global Acrylic Adhesive Market are increasing construction activities, growing automobile production and sales, and improving living standards. Moreover, expansion of paper & packaging sector in the developed and developing countries is estimated to propel the growth of the market over the assessment period 2017-2023. Increasing awareness regarding the harmful effect of volatile organic compound is likely to reduce the usage of solvent based Acrylic Adhesive but it has boosted the consumption of water based products. Furthermore, increasing use of Acrylic Adhesive in repairing hoardings and other interior accessories in the automotive industry is predicted to fuel the market demand over the forecast period. These are widely utilized in the furniture segment. Continuous growth of the furniture industry coupled with demand for durable adhesive is estimated to fuel the market growth over the assessment period.
The major players operating in the Global Acrylic Adhesive Market include H.B. Fuller (U.S.), Henkel AG & Co. KGaA (Germany), Bostik S.A. (France), Sika AG (Switzerland), Eastman Chemical Company (U.S.), 3M (U.S.), AVERY DENNISON CORPORATION. (U.S.), Pidilite Industries Limited (India), Royal Adhesives & Sealants (U.S.), Huntsman International LLC. (U.S.), and others.
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The Global Acrylic Adhesive Market is categorized into five regions: Asia Pacific, Europe, Latin America, North America, and the Middle East and Africa. Among these, Asia Pacific region is predicted to grow at the highest CAGR over the assessment period due to rising demand for numerous applications such as automotive & transportation, construction, and electrical & electronics. The demand for Acrylic Adhesive is projected to propel the market growth in the various countries of Asia Pacific such as Malaysia, China, India, Vietnam, Thailand, Singapore, South Korea, and Japan owing to high adoption rate by the automobile manufacturers. Furthermore, increasing number of working professionals as well as growing demand for packaged products is expected to raise flexible and rigid packaging requirements, which is likely to fuel the market growth.
Additionally, increased purchasing power, reasonable regulatory framework, and ease in the availability of low-cost raw materials & labor are likely to add fuel to the regional acrylic adhesive growth of the market during the forecast period, 2017-2023.
Asia Pacific emerged as the largest market for the Acrylic Adhesive followed by North America and Europe in 2016. European countries such as Russia, Germany, the U.K, Spain, and Italy are expected to be the prominent consumer markets due to the developed end use industries and continuously rising expenditure on innovation and research. Germany is predicted to witness the fastest growing market owing to increasing demand for personal and commercial vehicles such as luxury cars and heavy duty vehicles. North America is estimated to witness a steady growth in the Acrylic Adhesive Market on account of strong consumer base for various industries combined with the increasing investment to revitalize construction & electronics industry over the assessment period. The U.S, Canada, and Mexico are among the prominent contributors to the Acrylic Adhesive Market and are predicted to register a significant demand for the market over the given period. Market growth is expected to surge in various countries of Latin American such as Brazil, Argentina, Venezuela, Guatemala, and Colombia due to the association of new business prototypes. Furthermore, the Middle East and Africa is valued to witness a significant growth during the evaluation period 2017-2023. Huge investment in institutional, commercial as well as residential sector in Israel, Qatar, Turkey, the United Arab Emirates (UAE), and Saudi Arabia are predicted to positively influence industrial growth over the estimated period.
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Key Points from Table of Contents:
12. Company Profiles
12.1 H.B. Fuller
12.1.1 Company Overview
12.1.2 Product/Business Segment Overview
12.1.3 Financial Updates
12.1.4 Key Developments
12.2 Henkel AG & Co. KGaA
12.2.1 Company Overview
12.2.2 Product/Business Segment Overview
12.2.3 Financial Updates
12.2.4 Key Developments
12.3 Bostik S.A.
12.3.1 Company Overview
12.3.2 Product/Business Segment Overview
12.3.3 Financial Updates
12.3.4 Key Developments
12.4 Sika AG
12.4.1 Company Overview
12.4.2 Product/Business Segment Overview
12.4.3 Financial Updates
12.4.4 Key Developments
12.5 Eastman Chemical Company
12.5.1 Company Overview
12.5.2 Product/Business Segment Overview
12.5.3 Financial Updates
12.5.4 Key Developments
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