Acrylic Adhesives Market Size, Share, Growth Analysis, By Type(Water-based, solvent-based and reactive and others), By Application(Packaging, Construction, Wood & Furniture, Transportation), By Region - Industry Forecast 2024-2031

Acrylic Adhesives Market size was valued at USD 12.63 billion in 2021 and is poised to grow from USD 13.4 billion in 2022 to USD 21.52 billion by 2030, at a CAGR of 6.1% during the forecast period (2023-2030).

The competitive landscape of the acrylic adhesives market is characterized by intense rivalry among key players striving to capture a significant market share. Companies focus on product innovation, research and development, and expanding their product portfolios to cater to diverse industry needs. Additionally, strategic partnerships, collaborations, and acquisitions are common tactics employed by market players to strengthen their market presence and broaden their geographical reach. The emphasis on sustainability and eco-friendly solutions remains a key aspect of competition as environmental regulations and customer preferences drive the demand for low-VOC and green acrylic adhesive products. The market's dynamic nature and evolving customer demands compel companies to stay agile and responsive to emerging trends, technological advancements, and changing industry requirements to maintain a competitive edge. '3M (US)', 'AVERY DENNISON CORPORATION (US)', 'H.B. Fuller Company (US)', 'Henkel AG & Co. KGaA (Germany)', 'Sika AG (Switzerland)', 'Bostik (France)', 'DOW Chemical Company (US)', 'Huntsman Corporation (US)', 'Illinois Tool Works Inc. (US)', 'LORD Corporation (US)', 'Permabond Engineering Adhesives (UK)', 'Ashland Holdings Inc. (US)', 'Mapei S.p.A. (Italy)', 'RPM International Inc. (US)', 'Jowat SE (Germany)', 'Arkema Group (France)', 'Dymax Corporation (US)', 'ITW Performance Polymers (US)', 'Beardow Adams (UK)', 'Hexion Inc. (US)'

The key driver of the acrylic adhesives market is the growing demand for lightweight and advanced materials in various industries, such as automotive and aerospace. Acrylic adhesives offer superior bonding strength and durability, making them an attractive choice for replacing traditional mechanical fasteners and heavier bonding methods. As industries continue to seek ways to reduce overall weight and improve fuel efficiency, the adoption of acrylic adhesives in lightweight material bonding becomes a crucial factor driving the market's growth.

Increasing demand for eco-friendly and low-VOC (volatile organic compound) adhesive solutions: One key market trend in the acrylic adhesives market is the increasing demand for eco-friendly and low-VOC (volatile organic compound) adhesive solutions. As environmental concerns and regulations gain prominence, there is a growing preference among consumers and industries for acrylic adhesives that have minimal impact on the environment and human health. Manufacturers are focusing on developing and promoting sustainable adhesive products with reduced VOC emissions, aligning with the market's shift towards more environmentally friendly options. This trend is driven by the need for greener and safer bonding solutions across various applications, contributing to the overall growth of the acrylic adhesives market.

North America dominated the acrylic adhesives market. The region's dominance can be attributed to the presence of well-established end-use industries, including automotive, electronics, aerospace, and construction. The strong demand for acrylic adhesives in these sectors, driven by technological advancements, infrastructure development, and a focus on lightweight materials, contributes significantly to the market's growth in North America. Additionally, the region's strict regulations regarding the use of environmentally friendly adhesives further boost the adoption of acrylic adhesives, known for their low VOC content and eco-friendly characteristics.