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 global acrylic adhesives market is currently witnessing robust growth, driven by increasing demand across various industries such as automotive, construction, electronics, and packaging. These adhesives, known for their quick-curing properties, excellent bonding strength, and versatility, are gaining popularity as a reliable alternative to traditional mechanical fasteners and solvent-based adhesives. The ongoing trend towards lightweight and advanced materials in automotive and aerospace sectors is further propelling the market expansion, as acrylic adhesives offer enhanced performance, durability, and weight reduction benefits. Additionally, the booming e-commerce and consumer electronics sectors are contributing to the upsurge in demand for acrylic adhesives in packaging and electronic assembly applications. Moreover, stringent environmental regulations against the use of hazardous chemicals have boosted the adoption of eco-friendly and low-VOC (volatile organic compound) acrylic adhesives. Geographically, Asia-Pacific is emerging as a dominant region in the global acrylic adhesives market due to rapid industrialization, infrastructural development, and increased manufacturing activities. Key players in the market are focusing on research and development to innovate new product formulations with improved properties and wider application areas, thereby intensifying competition and fostering innovation in the industry.

US Acrylic Adhesives Market is poised to grow at a sustainable CAGR for the next forecast year.