According to TechSci Research report, “Global Acrylic Resin Hotmelt Adhesive Agent Market By Application, By Mode of Distribution, By Region, Competition, Forecast and Opportunities, 2025”, the global acrylic resin hotmelt adhesive agent is projected to reach $ 227 million by 2025. Acrylic based hotmelt resins provide good adhesion and cohesion properties to a wide variety of low surface energy substrates. The use of UV technology also adds on to the chemical superiority of acrylic based hotmelt resins. Additionally, the acrylic hotmelt resins have chemical properties, which fall into an intermediate range between silicon and rubber resins, thereby making it a product with desirable characteristics and affordable pricing. Furthermore, acrylic resin is used to manufacture hotmelt pressure sensitive adhesives (HMPSA), which is witnessing increasing consumption due to rising demand for double sided tapes.
Based on regional segmentation, Europe dominates the global acrylic resin hotmelt adhesive agent market with more than 40% market share. Germany, UK and France, which account for more than 75% of the European market, are likely to exhibit higher growth rates during the forecast period owing to presence of a large number of adhesive and tapes manufacturing companies. Moreover, Europe is home to key consumers such as Henkel, Arkema, Tesa, among several other small-scale adhesive and tapes manufacturers, which consume acrylic resins. Additionally, Europe has a strong automobiles market, which is an important factor contributing to the growth of acrylic resin hotmelt adhesive agent market.
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The global acrylic resin hotmelt adhesive agent market is segmented based on applications, mode of distribution, and region. Based on application, the market can be categorized into automotive, medical, construction, food beverages and cosmetics. Among these, the medical segment is expected to witness significant growth during the forecast period but automotive segment dominates the market as automotive industry is the major consumer of acrylic resin hotmelt adhesive agent. The industry is expected to hold its dominance during the forecast period as well owing to various applications such as automotive assembly, interior bonding, wire harnessing, cable mounting, etc. Acrylic resin based hotmelt adhesives are majorly used in wire harnessing and cable mounting and are replacing screws and mechanical fasteners in interior bonding applications, thereby contributing to high consumption of the product in automotive industry.
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BASF SE, Mitsubishi Chemical Holdings Corporation, DIC Corporation, Estron Chemicals, Inc., Pioneer Chemical Co. Ltd, etc., are some of the leading players operating in the global acrylic resin hotmelt adhesive agent market. “With the increase in awareness about the environmental pollution caused by rising greenhouse gases and volatile organic compound content, the governments are stiffening the regulations for reducing the volatile organic compound (VOC) content and carbon footprints. The acrylic hotmelt resin offer less or no VOC, and provide an eco-friendly option as compared to solvent based substitutes. Hence, the environment friendly characteristics are also expected to contribute to market growth in the coming years.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global Acrylic Resin Hotmelt Adhesive Agent Market By Application, By Active Content, By Region, Competition, Forecast and Opportunities, 2025” has evaluated the future growth potential of global acrylic resin hotmelt adhesive agent market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global acrylic resin hotmelt adhesive agent market.
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