Acrylic
adhesives are adhesives manufactured using methacrylate and acrylate
monomers as a major feedstock. Polymer mixtures are dissolved in
methacrylate or acrylate monomer and the adhesive is produced as two
different components. One component contains oxidizing agents mainly
peroxide compounds such as benzoyl peroxide and the other component
contains metal salts or amines as reducing agent. The components are
mixed before application on surface or each component can be applied
to separate surfaces to be glued. Upon mixing, the components react
and trigger polymerization of methacrylate monomer.
Acrylic
adhesives dominate the global demand for adhesives and the trend is
anticipated to continue for the next six years. Acrylic adhesives can
be used for a wide range of applications such as plastic, metal,
glass, ceramic among several others. Acrylic adhesives have high
efficiency even on oil surfaces and also have high performance
standard under wide temperature range. Therefore, major end user
industries for acrylic adhesives include automotive, construction,
furniture and packaging among several others.
Acrylic
adhesives make the surface ready to be handled in few minutes and
works efficiently even on contaminated surfaces. Acrylic adhesives
also do not affect aesthetics of the surface. Therefore, demand for
acrylic adhesives is primarily driven by the comparative advantage of
acrylic over other adhesives. Moreover, high growth in automotive
industry is expected to drive demand for acrylic adhesives during the
forecast period. Demand for acrylic adhesives is profoundly dependent
on consumer markets therefore; macroeconomic factors such as GDP
growth are also among major growth driver for acrylic adhesives
market.
Acrylic
adhesives pose severe occupational health hazards and prolonged
exposure can lead to respiratory disorders. Moreover, acrylic
adhesives have to be disposed carefully as they pose threat to the
environment. The environment and health hazards associated with
acrylic adhesives have led to stringent environmental regulations in
the industry which has been a major factor hampering acrylic
adhesives market growth. The regulations have also increased the
threat of substitution in the market. There have been significant
researches in developing bio based acrylic adhesives which is
expected to offer huge growth opportunity in the market.
Asia
Pacific dominates the global acrylic adhesives market and the trend
is anticipated to continue for a foreseeable future. Increasing
industrial investment and high GDP growth in the emerging economies
of India and China is expected to drive demand for acrylic adhesives
in Asia Pacific. Asia Pacific is anticipated to be the fastest
growing region in acrylic adhesives market during the forecast
period. Demand for acrylic adhesives in North America and Europe is
anticipated to grow at a sluggish rate primarily owing to the
stringent regulations in the region and market saturation in several
end user industries.
Developing
economies in South America and Africa are anticipated to offer huge
growth opportunity for acrylic adhesives market.Acrylic adhesives
market is consolidated and dominated by few global companies that
constitute major portion of the global market share. The market is
characterized by high degree of competition. Major players compete by
pricing differentiation, moreover owing to environmental regulations;
they also invest in research and development activities to gain
competitive edge.
This
research report analyzes this market depending on its market
segments, major geographies, and current market trends. Geographies
analyzed under this research report include
- North America
- Asia Pacific
- Europe
This
report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
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