Los Angeles, December 4, 2019 – QY Research has published an extensive study report titled “Global Acrylic Adhesive Sales Market Report 2019,” for the forecasted year of 2019 to 2025. The global Acrylic Adhesive Sales Market was valued at US $ 6.78 Bn in 2018 and is anticipated to reach US $ 9.65 Bn by the end of 2025. The market is predicted to exhibit a moderate CAGR of about 4.0% from 2019 to 2025.
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Advantages of Acrylic Adhesives is Expected to Drive Growth of the Global Market
Global Acrylic Adhesive Sales market is projected to witness growth due to extensive usage in industries such as pharmaceutical, construction, and packaging. High demand for the automotive industry due to usage of acrylic adhesive in manufacturing vehicle body parts and in reducing vehicular weight, is likely to propel the growth of the market. The packaged food industry has a significant demand for acrylic adhesives due to its properties such as temperature stability and ultra-light resistance, are expected to drive the growth of the Acrylic Adhesive Sales market.
High Demand from Consumer Electronics Industry to Propel Growth of the Application Segment
Based on type, the global Acrylic Adhesive Sales market is bifurcated into Solvent-based, water-based, reactive, and others. Based on application, the market is bifurcated into building & construction, energy & power, packaging, electrical & electronics, automotive & transportation, and Others. An important factor likely to fuel the growth of the application segment is rapid automation and miniaturization in the consumer electronics industry where products such as touch screens and hardware have extensive usage of the Acrylic Adhesive Sales market.
Increasing Usage of Acrylic Adhesives in End-use Industries to Fuel Growth of the regional Market of Europe
North America is expected to witness a high demand for acrylic adhesives due to the considerable presence of construction and packaging industries. High demand from e-commerce, packaging, furniture, and the construction sector is expected to fuel the growth of the market. Europe has the presence of major end-use industries such as construction, automotive, and packaging along with high consumer disposable income, which is leading to the growth of the Acrylic Adhesive Sales market.
Key Players are Focusing on Offering Sustainable Products to Foster Growth
3M, Henkel, H.B. Fuller, Arkema, Nitto Denko, Soken, Tesa SE, Avery Dennison, Berry Plastics, LG Chem, Xingfeng Group, Jiangyin Shuanghua, Sika AG, Franklin International, Ashland, Illinois Tool Works, Huntsman, Loxeal, Lord Corporation, Huitian, Mapei, Panacol Elosol GmbH, and Pidilite Industries are some of the key players of the Acrylic Adhesive Sales market. The companies are concentrating on adhering to government rules and regulations to offer sustainable products. The leading companies are also inclined to maintain a strong supply chain network.
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