The Latest Acrylic Adhesives Industry Statistics Explained
The global acrylic adhesives market size was valued at USD 7.5 billion in 2019.
The statistic indicates that in the year 2019, the total market size of acrylic adhesives globally reached a value of USD 7.5 billion. This figure represents the collective monetary value of all acrylic adhesive products sold and consumed in various industries and applications such as automotive, construction, electronics, and healthcare. The market size provides insights into the significant economic impact and scale of the acrylic adhesive industry, highlighting its importance and widespread usage across different sectors worldwide. This information can be valuable for stakeholders, businesses, and investors looking to understand the market dynamics, trends, and growth opportunities within the acrylic adhesives industry.
The acrylic adhesives industry is expected to grow at a compound annual growth rate (CAGR) of 5.7% from 2020 to 2027.
This statistic indicates that the acrylic adhesives industry is projected to experience significant growth over the period from 2020 to 2027. The compound annual growth rate (CAGR) of 5.7% suggests a consistent and sustainable increase in the industry’s market size and revenue over the seven-year period. This growth rate implies that the demand for acrylic adhesives is expected to steadily rise, driven by factors such as increasing applications in various industries, technological advancements, and expanding end-user markets. The positive growth trend foreseen in this industry can be attributed to factors like product innovation, versatility, and efficiency in adhesive properties, signaling a promising outlook for market players and stakeholders in the acrylic adhesives sector.
The highest use of acrylic adhesives is in tapes and labels, which accounted for 31.3% of the market revenue in 2019.
This statistic indicates that within the market for acrylic adhesives in 2019, the application of these adhesives in the production of tapes and labels was the most prevalent, comprising approximately 31.3% of the total market revenue generated by acrylic adhesives. This suggests that tapes and labels are the leading product category utilizing acrylic adhesives, showcasing their importance in various industries such as packaging, manufacturing, and retail. The statistic highlights the significant role that acrylic adhesives play in the production of tapes and labels, underscoring their versatility and effectiveness in meeting the adhesive needs of these products.
Acrylic Adhesives in the automotive industry is expected to progress at the fastest CAGR of 6.4% from 2020 to 2027.
This statistic indicates the anticipated growth rate of Acrylic Adhesives in the automotive industry from the year 2020 to 2027. The Compound Annual Growth Rate (CAGR) of 6.4% suggests that the market for Acrylic Adhesives within the automotive sector is forecasted to expand steadily over the specified period. This growth could be driven by factors such as increasing demand for lightweight materials, stricter environmental regulations, and advancements in adhesive technology. The promising CAGR of 6.4% signifies a positive outlook for the use and adoption of Acrylic Adhesives in automotive applications, highlighting a potential trend towards utilizing these adhesives for bonding components within vehicles to enhance performance, durability, and fuel efficiency.
Asia Pacific dominated the acrylic adhesive market with a share greater than 35.0% in 2019.
The statistic indicates that in 2019, the Asia Pacific region held a dominant position in the acrylic adhesive market, capturing more than 35.0% of the market share. This suggests that a significant portion of the global demand for acrylic adhesives was concentrated in the Asia Pacific region, which includes countries such as China, Japan, South Korea, and India. The strong market presence of acrylic adhesives in this region could be attributed to factors such as increasing industrialization, infrastructure development, and the growing automotive and construction sectors, all of which are key consumers of acrylic adhesives. The statistic highlights the importance of the Asia Pacific region as a key player in the global acrylic adhesive market.
The acrylic adhesive market in North America was valued at over USD 2 billion in 2019.
This statistic refers to the valuation of the acrylic adhesive market in North America for the year 2019, which was estimated to be worth more than USD 2 billion. This indicates the total monetary value of sales or revenues generated by acrylic adhesive products within the North American region during the specified year. The high valuation suggests a significant demand for acrylic adhesives, likely driven by various industries such as construction, automotive, electronics, and healthcare, among others. This statistic provides insight into the market size and economic importance of acrylic adhesives in North America, highlighting its substantial contribution to the overall economy and industrial landscape of the region.
In the U.S., the market for acrylic adhesives in construction exceeded $245 million in 2018.
The statistic indicates that the market size for acrylic adhesives specifically within the construction industry in the United States surpassed $245 million in the year 2018. This figure represents the total monetary value of acrylic adhesives sold or used in construction applications, reflecting the demand for these products within the construction sector during that year. The market size of $245 million suggests that acrylic adhesives play a significant role in construction projects in the U.S., likely due to their versatility, performance characteristics, and cost-effectiveness compared to other adhesive options available in the market.
By 2026, the product demand from the packaging sector alone is anticipated to exceed 180 KT.
This statistic indicates that by the year 2026, the demand for products specifically from the packaging sector is projected to surpass 180 kilotons (KT). This suggests a substantial increase in the need for packaging materials and products within the industry, reflecting potential growth and expansion in the market. Anticipating such a significant demand emphasizes the importance of being prepared to meet the needs of this sector, whether through increased production, improved efficiency, or innovation in packaging solutions. Overall, this statistic serves as a crucial insight for stakeholders in the packaging industry to strategize and adapt to the anticipated growth in demand within the specified timeframe.
The automotive adhesives market, included acrylic, in the USA is estimated at US$759.1 Million in the year 2020.
This statistic indicates that the total estimated market size for automotive adhesives, specifically including acrylic-based adhesives, in the United States was US$759.1 million in the year 2020. This figure represents the total value of the market for automotive adhesives used in the USA during that year. The market size is a useful metric for understanding the scale and economic importance of the automotive adhesives industry within the country. It highlights the significant demand for adhesive products within the automotive sector, particularly those based on acrylic formulations, which play a crucial role in various applications such as bonding components and materials in the manufacturing and assembly of vehicles.
The total consumption of acrylic adhesives in India was 126.2 Kilo Tons in 2018.
The statistic shows that the total consumption of acrylic adhesives in India in the year 2018 was 126.2 Kilo Tons. This indicates the volume of acrylic adhesives used across various industries in the country during that year. The figure provides insight into the demand for acrylic adhesives in India, which may be driven by factors such as infrastructure development, manufacturing activities, and consumer demand for products requiring adhesives. Analyzing trends in adhesive consumption can help industry stakeholders understand market dynamics, anticipate future demand, and make informed decisions related to production, supply chain management, and market positioning.
By 2026, the product demand from the packaging sector alone is anticipated to exceed 180 KT.
The statement suggests that the product demand from the packaging sector is projected to grow and potentially surpass 180 kilotons by the year 2026. This statistic likely refers to the anticipated increase in the quantity of products needed by the packaging industry within a specific timeframe. The term “kilotons” denotes a unit of measurement equivalent to 1,000 metric tons, indicating a substantial volume of goods required by the sector. The forecasted demand points towards a rising need for packaging materials or products, reflecting potential growth and expansion within the industry over the specified period.
In 2020, the Asia Pacific region contributed to over 45% in the acrylic adhesive market share.
The statistic indicates that in 2020, the Asia Pacific region held a significant market share of over 45% in the acrylic adhesive market. This suggests that the demand for acrylic adhesives in the Asia Pacific region was notably high compared to other regions, showcasing the region’s prominence in the industry. Factors such as economic growth, industrial expansion, and increasing construction activities in countries within the Asia Pacific region likely contributed to this market dominance. This statistic highlights the importance of the region in the acrylic adhesive market and suggests potential opportunities for businesses operating in or looking to enter that market segment.
Adhesive tapes, which often use acrylic adhesives, are projected to perceive volume consumption exceeding 7.5 billion square meters by 2026.
This statistic indicates that the volume consumption of adhesive tapes, which commonly utilize acrylic adhesives, is expected to surpass 7.5 billion square meters by the year 2026. This projection suggests a significant demand and utilization of adhesive tapes in various industries and applications. The use of acrylic adhesives in adhesive tapes is known for its strong and durable bonding properties, making them suitable for a wide range of purposes such as packaging, construction, automotive, and healthcare. The anticipated increase in volume consumption reflects potential growth opportunities for manufacturers and suppliers in the adhesive tape industry, driven by factors such as expanding markets, technological advancements, and growing demand for efficient and reliable bonding solutions.
The water-based acrylic adhesives segment accounted for a share of 38.6% in 2020.
This statistic indicates that the water-based acrylic adhesives segment held a significant portion of the market in 2020, representing 38.6% of the total market share. This suggests that water-based acrylic adhesives were a popular choice among consumers or industries during that period. The high market share could be attributed to factors such as the adhesive’s performance characteristics, environmental friendliness, cost-effectiveness, or versatility. The statistic provides valuable insight into the preferences and trends within the adhesive industry, highlighting the dominance and importance of water-based acrylic adhesives within the market landscape in 2020.
The global pressure-sensitive adhesives market size, a significant part of which is acrylic adhesives, was valued at USD 9.57 billion in 2020.
The statistic highlights the valuation of the global pressure-sensitive adhesives market, which is a sizable industry projected at USD 9.57 billion in 2020. Pressure-sensitive adhesives are a crucial component of various products, with acrylic adhesives being a prominent type within this market. Acrylic adhesives are known for their versatility and strong bonding capabilities, making them popular in industries such as automotive, packaging, electronics, and construction. The market size figure of USD 9.57 billion indicates the significant demand and use of pressure-sensitive adhesives globally, reflecting their importance in various sectors and applications.
In 2020, acrylic adhesive consumption in Germany only reached 7.3 KT.
The statistic indicates that in the year 2020, Germany consumed a total of 7.3 kilotons (KT) of acrylic adhesive. This consumption level provides insight into the demand for acrylic adhesive in the German market during that particular year. A low consumption figure like 7.3 KT may suggest various factors such as market trends, economic conditions, or changes in consumer preferences impacting the demand for acrylic adhesive in Germany. Analysis of such data can be crucial for businesses operating in the adhesive industry to understand market dynamics and make informed decisions related to production, distribution, and marketing strategies to effectively meet the demand in the German market.
The aerospace adhesives and sealants market was valued at USD 782 million in 2019, which includes acrylic adhesives.
This statistic indicates that the total market value for aerospace adhesives and sealants, which encompasses acrylic adhesives, was recorded as USD 782 million in the year 2019. This figure represents the combined value of all adhesives and sealants used specifically in the aerospace industry, with a specific mention of including acrylic adhesives within this market segment. The value of USD 782 million serves as a key metric to assess the size and economic significance of the aerospace adhesives and sealants market in 2019, highlighting the importance of these materials in various applications within the aerospace sector.
Medical acrylic adhesives are projected to witness a CAGR over 5% up to 2024.
This statistic indicates that the use of medical acrylic adhesives is expected to experience a Compound Annual Growth Rate (CAGR) of over 5% until the year 2024. A CAGR of over 5% suggests a steady and consistent annual growth rate in the adoption and application of these adhesives within the medical field. This projection signifies a positive trend in the demand for medical acrylic adhesives as a preferred choice for various medical applications, such as wound closures, medical device assembly, and drug delivery systems. The increasing utilization of these adhesives is likely driven by factors such as technological advancements, growing healthcare infrastructure, and the expanding use of medical devices globally.
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