Asia Pacific Acrylic Adhesives Market Size, Share, and COVID-19 Impact Analysis, By Type (Acrylic Polymer Emulsion, Cyanoacrylic Adhesives, Methacrylic Adhesives, and UV Curable Acrylic Adhesives), By Application (Paper & Packaging, Automotive & Transportation, Building & Construction, Electrical & Electronics, Consumer Goods, Medical Devices, and Others), and Asia Pacific Acrylic Adhesives Market Insights, Industry Trend, Forecasts to 2035
Industry: Chemicals & MaterialsAsia Pacific Acrylic Adhesives Market Insights Forecasts to 2035
- The Asia Pacific Acrylic Adhesives Market Size was Estimated at USD 5.05 Billion in 2024
- The Market Size is Expected to Grow at a CAGR of around 6.18% from 2025 to 2035
- The Asia Pacific Acrylic Adhesives Market Size is Expected to Reach USD 9.77 Billion by 2035
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The Asia Pacific Acrylic Adhesives Market is Anticipated to Reach USD 9.77 Billion by 2035, Growing at a CAGR of 6.18% from 2025 to 2035. The country’s growing demand for acrylic adhesives in automotive, construction, electronic, and packaging sectors, is driving the acrylic adhesives market in the Asia Pacific region.
Market Overview
The Asia Pacific acrylic adhesives market refers to the industry that deals with products based on acrylic polymers, also known as methyl methacrylate, acrylate, or MMA. Acrylic adhesive is a type of adhesive that uses acrylic polymers as its main adhesive component, which is known for its strength, durability, and ability to bond well with various materials. The increasing need for acrylic adhesives from various end-use industries, including automotive, construction, electronics, and packaging, is driving the market demand. Furthermore, the ongoing trend of vehicle electrification and adoption of smart & autonomous vehicles drives the demand for high-performance adhesives, thereby enhancing the acrylic adhesives market. An improvement in the formulations of acrylic adhesives due to technological advancements is escalating the market growth opportunities.
Report Coverage
This research report categorizes the market for the Asia Pacific acrylic adhesives market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Asia Pacific acrylic adhesives market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Asia Pacific acrylic adhesives market.
Asia Pacific Acrylic Adhesives Market Report Coverage
Report Coverage | Details |
---|---|
Base Year: | 2024 |
Market Size in 2024: | USD 5.05 Billion |
Forecast Period: | 2024-2035 |
Forecast Period CAGR 2024-2035 : | 6.18% |
2035 Value Projection: | USD 9.77 Billion |
Historical Data for: | 2020-2023 |
No. of Pages: | 230 |
Tables, Charts & Figures: | 140 |
Segments covered: | By Type, By Application, and COVID-19 Impact Analysis. |
Companies covered:: | 3M, Arkema Group, AVERY DENNISON CORPORATION, H.B. Fuller Company, Henkel AG & Co. KGaA, Hubei Huitian New Materials Co. Ltd, Kangda New Materials (Group) Co., Ltd., NANPAO RESINS CHEMICAL GROUP, Pidilite Industries Ltd., Sika AG,and Others. |
Pitfalls & Challenges: | COVID-19 Empact,Challenges, Future, Growth, & Analysis |
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Driving Factors
The market for Asia Pacific acrylic adhesives is primarily driven by the growing demand for acrylic adhesives in the automotive, construction, electronic, and packaging sectors. The increasing need for lightweight and high-performance materials in the automotive sector is leading to a propelling the market demand for acrylic adhesives. The expansion of the e-commerce industry that is responsible for expansion of packaging demands, ultimately results in driving the acrylic adhesives market.
Restraining Factors
The fluctuation in raw material prices and stringent environmental & safety regulations are restraining the acrylic adhesives market.
Market Segmentation
The Asia Pacific acrylic adhesives market share is classified into type and application.
- The cyanoacrylic adhesives segment is dominating the market with the largest revenue share in 2024 and is expected to grow at a significant CAGR during the forecast period.
The Asia Pacific acrylic adhesives market is segmented by type into acrylic polymer emulsion, cyanoacrylic adhesives, methacrylic adhesives, and UV curable acrylic adhesives. Among these, the cyanoacrylic adhesives segment is dominating the market with the largest revenue share in 2024 and is expected to grow at a significant CAGR during the forecast period. The extensive use of cyanoacrylic adhesives in the automotive industry, owing to their ability to bond surfaces such as glass, metal, plastic, and painted surfaces, is propelling the market in the cyanoacrylic adhesives segment.
- The paper & packaging segment held the largest market share in 2024 and is expected to grow at a significant CAGR during the forecast period.
The Asia Pacific acrylic adhesives market is segmented by application into paper & packaging, automotive & transportation, building & construction, electrical & electronics, consumer goods, medical devices, and others. Among these, the paper & packaging segment held the largest market share in 2024 and is expected to grow at a significant CAGR during the forecast period. Acrylic adhesives have widespread application in paper & packaging, ranging from sealing boxes to the creation of labels and flexible packaging.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the Asia Pacific acrylic adhesives market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Companies
- 3M
- Arkema Group
- AVERY DENNISON CORPORATION
- H.B. Fuller Company
- Henkel AG & Co. KGaA
- Hubei Huitian New Materials Co. Ltd
- Kangda New Materials (Group) Co., Ltd.
- NANPAO RESINS CHEMICAL GROUP
- Pidilite Industries Ltd.
- Sika AG
- Others
Recent Developments:
- In December 2021, Sika is opening a new technology center and manufacturing plant for high-quality adhesives and sealants in Pune, India. On its three new production lines, Sika would manufacture products for the transportation, construction, and renewable energy sectors.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at Asia Pacific, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the Asia Pacific Acrylic Adhesives Market based on the below-mentioned segments:
Asia Pacific Acrylic Adhesives Market, By Type
- Acrylic Polymer Emulsion
- Cyanoacrylic Adhesives
- Methacrylic Adhesives
- UV Curable Acrylic Adhesives
Asia Pacific Acrylic Adhesives Market, By Application
- Paper & Packaging
- Automotive & Transportation
- Building & Construction
- Electrical & Electronics
- Consumer Goods
- Medical Devices
- Others
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