SAN FRANCISCO, July 23, 2018 /PRNewswire/ --
The global acrylic adhesives market size is
expected to reach USD 9.65 billion by
2025, according to a new report by Grand View Research, Inc.,
progressing at a CAGR of 6.3% during the forecast period.
Increasing demand for high-quality premium adhesives from the
construction and other end-use industries is projected to drive the
market.
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Today, adhesives are being widely used in the food and
pharmaceutical industries. Pressure sensitive products are packed
in custom-fit containers with internal foam cushioning to secure
the package during transportation. In line with rising concerns
among consumers and regulatory agencies, the packaging industry is
putting efforts to reduce the environmental impact of its
processes, which in turn is leading to growing usage of renewable
bio-based raw materials.
There are several agencies working in the field of adhesives to
ensure consumer safety upon application across diverse end-use
industries. The Code of Federal Regulations and ISO standards, when
implemented by a manufacturer, uses isolated manufacturing lines
that are capable of processing active ingredients in formulating
facility.
Adhesives and sealants are now replacements for majority of
mechanical fasteners used in transportation, product-assembly, and
construction industries. They are increasingly being implemented in
the hygiene industry, which may create a challenge for the
packaging market in the foreseeable future. Hot-metal adhesives are
going to gain more importance as compared to water-based
adhesives.
Browse full research report with TOC on
"Acrylic Adhesives Market Size, Share & Trends
Analysis Report By Technology (Water Based, Solvent Based,
Reactive), By Application (Packaging, Construction, Wood &
Furniture, Consumer Goods), And Segment Forecasts, 2018 -
2025" at:
https://www.grandviewresearch.com/industry-analysis/acrylic-adhesives-market
Further Key Findings From the Report Suggest:
- Asia Pacific is projected to
stay one of the largest consumers of the product owing to
increasing industrialization across China, Japan,
Vietnam, and India
- A part of the requirements for acrylic adhesives in
Asia Pacific & the
Middle East are generated from the
paper, packaging, woodworking and construction industries
- With rising disposable income of the populace in emerging
economies coupled with expanding manufacturing facilities, the
demand is poised to increase in the future
- The global acrylic adhesives demand was estimated at 3,864.4
kilotons in 2016 and is anticipated to rise at a CAGR of 5.2% till
2025
- Soaring demand for compounds free of volatile organic particles
is leading to increase in consumption of water-based acrylic
products across North America and
Europe
- Stringent government regulations for environmental protection,
laid down by the European Union and other developed economies, are
likely to restrict the growth of the market
- Key industry participants include Bostik AG, DowDuPont, Henkel
AG, 3M Company, Avery Dennison, and HB Fuller.
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Growing end-use industries such as oil & gas, textile, and
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Grand View Research has segmented the global acrylic
adhesives market on the basis of technology, application, and
region.
- Acrylic Adhesives Technology Outlook (Volume, Kilo Tons;
Revenue, USD Million, 2014 - 2025)
- Water Based
- Solvent Based
- Reactive & Others
- Acrylic Adhesives Application Outlook (Volume, Kilo Tons;
Revenue, USD Million, 2014 - 2025)
- Packaging
- Construction
- Wood & Furniture
- Transportation
- Electrical & Electronics
- Consumer Goods
- Medical Devices
- Others
- Acrylic Adhesives Regional Outlook (Volume, Kilo Tons;
Revenue, USD Million, 2014 - 2025)
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Explore the BI enabled intuitive market research
database, The Grand Library, by Grand View Research,
Inc.
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and
consulting company, registered in the State of California and headquartered in
San Francisco. The company
provides syndicated research reports, customized research reports,
and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant
and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: +1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: https://www.grandviewresearch.com