Global Market for Acrylic Adhesives to Reach $12.1 Billion by 2023

August 29, 2018

WELLESLEY, Mass., Aug. 29, 2018 – Due to the heightened demand from the transportation, consumer goods and electronics industries, the global market for acrylic adhesives is increasing its impact, according to a new report from BCC Research.

In 2018, the global market for acrylic adhesives was worth $9.3 billion. However, BCC Research estimates that it will be valued at $12.1 billion by 2023, indicating a compound annual growth rate (CAGR) of 5.5%, according to Acrylic Adhesives: Global Markets.

The major application areas of the acrylic adhesives market share are paper and packaging, transportation, construction, consumer goods and medical devices. There are various other applications of acrylic adhesives, for instance, it is used as liquid adhesive in industrial sealants, pastes in construction and woodworking, and tapes in medical and transportation.

Research Highlights

  • Methylacrylics accounted for the largest section of the market, as they are expected to reach a value of $3.5 billion by 2023, along with a CAGR of 5.8%.
  • The Asia-Pacific region dominates the market at a projected value of $3.7 billion by 2023 and a CAGR of 5.9%.
  • The biggest restraint that is facing the acrylic adhesives market is product substitution.

“In recent years there has been a major shift in the global acrylic adhesives production which is moving from developed economies, such as Europe and the U.S., to developing economies, such as China and India,” the report notes. “Continuous increasing demand from developed and developing countries is contributing to the overall expansion of the worldwide acrylic adhesives market. Industrial growth in the developing economies is a major driver for expansion of the market during the forecast period.”

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Acrylic Adhesives: Global Markets( CHM107A )
Publish Date: Aug 2018    

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