Acrylic Resin Hotmelt Adhesive Agent Market will Continue to Remain Centered in Europe
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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