Acrylic adhesives are also known as light curing materials since they find wide applications in manufacturing sector owing to its strong bond strength and rapid curing time. Acrylic adhesives are deployed in various industries for their extraordinary durability and strength. Acrylic adhesives possess fast setting and curing ability and are generally acid and solvent resistant. Acrylic adhesives find applications in a wide range of end-use industries including industrial assembly, automotive, electrical & electronics, furniture, medical, building and construction among others. Acrylic adhesives are usually manufactured with the use of acrylate and methacrylate monomers as a key feedstock. Other polymer mixtures are mixed in acrylate or methacrylate monomers and adhesive is produced as two different entities. One entity comprises oxidizing agents mostly compounds of peroxide such as benzoyl peroxide and the other entity comprises amines or metal salts such as reducing agents. The aforementioned entities are then mixed before their application. Moreover, each entity can be applied separately to different surfaces to be glued. After their mixing, the entities undergo chemical reaction and result in the polymerization of acrylate or methacrylate monomer. Use of acrylic adhesive is extensively found in the construction industry owing to its efficient binding properties. Moreover, acrylic adhesives are mostly resin based, thus provide more efficient binding solution in lesser costs. Acrylic adhesives reflect various extraordinary characteristic properties such as they can withstand high temperature fluctuations, sunlight resistant, water resistant and humidity/moisture resistant. These potential properties of acrylic adhesives are resulting in their increasing applications in packaging, automotive and furniture. In addition, acrylic adhesives are largely preferred over conventional and traditional adhesives as they are used both as binding materials as well as sealing and coating products. Introduction of bio based acrylic adhesives is anticipated to pose massive opportunities over the forecast period.
Increasing demand for liquid adhesives especially in upholstery, carpentry, decorations and furniture is a key factor anticipated to drive the growth of global acrylic adhesives market over the forecast period. Viscous form of acrylic adhesives is widely used in glass, wood, waterproofing items and metals. Moreover, widespread use of adhesive tapes in clothing and other fabric related applications is further expected to boost the growth of global acrylic adhesives market over the forecast period.
In addition, increasing demand for acrylic adhesives, especially in polymers and plastics is projected to foster the growth of global acrylic adhesives market due to increasing demand in thermoplastics. Use of acrylic adhesives in binding two surfaces make the surface ready to be moved or handled in a short span of time and thus works efficiently on contaminated surfaces as well without affecting the aesthetics of concerned surface. Thus, demand for acrylic adhesives is mostly driven due to comparative advantage of acrylic over adhesives. Furthermore, rapid growth in the overall automotive industry across the globe is anticipated to fuel the demand for acrylic adhesives over the forecast period. The demand for acrylic adhesives is related to consumer markets; hence macroeconomic factors are also among the drivers of global acrylic adhesives market.
The global acrylic adhesives market can be segmented on the basis of type, end-use industry and geography. On the basis of type, the global acrylic adhesives market can be segmented into one component system and two component system. By end-use industry, the global acrylic adhesives market can be bifurcated into electrical and electronics, automotive, medical, building & construction, industrial assembly, furniture and others. Geographically, the global acrylic adhesives market can be divided into six regions namely North America, Latin America, Europe, Middle East, Africa and Asia Pacific.
The leading players operating in the global acrylic adhesives market include 3M Corporation, The Dow Chemical Company, Henkel AG and Company, Sika AG, ITW Devcon, Lord Corporation, Eastman Chemical Company, Hernon Manufacturing Inc., Bostik SA, Permabond Engineering Adhesives Ltd. among others.