Press Release

Acrylic Resin Hotmelt Adhesive Agent Market to Grow with a CAGR of 3.87% through 2028

Surge in research and development activities is expected to drive the Global Acrylic Resin Hotmelt Adhesive Agent Market growth in the forecast period, 2024-2028.

 

According to TechSci Research report, “Acrylic Resin Hotmelt Adhesive Agent Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Acrylic Resin Hotmelt Adhesive Agent Market stood at USD208.65 million in 2022 and is anticipated to grow with a CAGR of 3.87% in the forecast period, 2023-2028. The initiatives taken by government based on acrylic resin hotmelt adhesive agent has led to favorable market conditions for the Global Acrylic Resin Hotmelt Adhesive Agent Market. Several factors contribute to the growth of various acrylic resin hotmelt adhesive agent Market products.

The Chinese government, recognizing the importance of acrylic resin hotmelt adhesive agents, is providing significant financial assistance through its "National Key R&D Program for Materials". This program aims to support manufacturers and researchers in developing innovative and high-performance acrylic resin hotmelt adhesive agent products. These advancements will not only benefit the automotive, construction, and electronics industries but also contribute to the overall growth and competitiveness of China's manufacturing sector.

Meanwhile, the Indian government is actively investing in research and development efforts to enhance the performance and durability of acrylic resin hotmelt adhesive agents. At the prestigious National Council of Scientific and Industrial Research (NCL), dedicated research projects are underway to explore novel formulations, manufacturing techniques, and application methods. The goal is to unleash the full potential of these adhesive agents, enabling them to meet the evolving needs of various industries and foster technological advancements in India.

 

Browse over XX market data Figures spread through XX Pages and an in-depth TOC on "Global Acrylic Resin Hotmelt Adhesive Agent Market.”

 

Research and development (R&D) activities play a vital role in advancing adhesive technologies. This enables manufacturers to innovate and enhance their products to meet the evolving demands of industries such as automotive, construction, packaging, and electronics. The development of environmentally friendly and sustainable adhesives has also spurred a rise in demand, as both consumers and industries strive to reduce their carbon footprint.

Investments in R&D have witnessed significant growth in recent years, with companies allocating more resources to develop novel products that offer superior performance and environmental sustainability. Prominent industry players like 3M and Henkel are making substantial investments in R&D to create cutting-edge adhesive solutions that align with emerging trends in the electronics sector.

The Global Acrylic Resin Hotmelt Adhesive Agent Market is segmented into application, mode of distribution, regional distribution, and company.

Based on its application, the automotive segment held the largest share in the market. Acrylic hot melt adhesives are highly valued for their ability to form strong and durable bonds, making them indispensable in automotive applications where safety and structural integrity are of utmost importance. These adhesives excel in withstanding temperature fluctuations, vibrations, and exposure to diverse environmental conditions, ensuring long-lasting performance and reliability in even the most demanding situations. With their exceptional properties, acrylic hot melt adhesives have become a trusted choice for automotive manufacturers and engineers seeking superior adhesive solutions.

Based on region, Asia Pacific segment is expected to grow during the forecast period.

In recent years, the Asia-Pacific region, with countries like China, India, and South Korea at the forefront, has been experiencing a remarkable phase of rapid industrialization and urbanization. This transformative growth has created a surge in demand for adhesive agents across a wide range of industries, including automotive, electronics, construction, and packaging. These adhesive agents play a crucial role in ensuring the durability, reliability, and efficiency of various products and structures, contributing to the overall progress and development of the region.

 

Major companies operating in Global Acrylic Resin Hotmelt Adhesive Agent Market are:

  • BASF SE
  • Mitsubishi Chemical Holdings Corporation
  • DIC Corporation
  • Estron Chemicals, Inc.
  • Pioneer Chemical Co. Ltd.
  • Imerys S.A.
  • SCR-Sibelco N.V.
  • KaMin LLC
  • Quarzwerke GmbH
  • Minotaur Exploration Limited

 

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“Growing application of acrylic resin hotmelt adhesive agent in various end user industries are key drivers of the acrylic resin hotmelt adhesive agent market. Growth in competitive landscape and presence of well-established companies in the market who are dedicated to enhance their productivity of acrylic resin hotmelt adhesive agent with every passing year are anticipated to register an impressive growth to Global Acrylic Resin Hotmelt Adhesive Agent Market in the forecast period.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.

Acrylic Resin Hotmelt Adhesive Agent Market By Application (Automotive, Medical, Consumer Goods, Construction, Food & Beverage, Personal Care, Others), By Mode of Distribution (Direct, Indirect), By Region, By Competition Forecast & Opportunities, 2018-2028F”, 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.

 

Contact

Mr. Ken Mathews

Techsci Research LLC

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New York, United States- 10170

Tel: +1-332-258-6602

Email: [email protected]

Website: www.techsciresearch.com

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Acrylic Resin Hotmelt Adhesive Agent Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Application (Automotive, Medical, Consumer Goods, Construction, Food & Beverage, Personal Care, Others), By Mode of Distribution (Direct, Indirect), By Region and Competition

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Growing demand of acrylic resin hotmelt adhesive agent in food & beverage and construction industries are factors driving the Global Acrylic Resin Hotmelt Adhesive Agent Market in the forecast period 2024-2028.

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