Instant adhesives, also known as cyanoacrylate adhesives, are thermoplastic products known for fast and reliable bond. Instant adhesives are widely used as they are effective even at room temperature; they are one-part catalyst free formulation and have high chemical resistance. Instant adhesives are used in industries such as electronics, medical, woodworking, transportation and consumer. Instant adhesives that are based on methyl cyanoacrylate are majorly used for the assembling of rigid materials.
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Global Instant Adhesives Market accounted for USD 1.58billion in 2016 and is projected to grow at a CAGR of 8.6% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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Global Instant Adhesives Market By Chemistry (Cyanoacrylate, Epoxy-based); By Curing Process(Conventional, Light-cured), By Application ( Industrial, Electronics, Medical, Woodworking, Transportation, Consumer), By substrate (Metal, Wood, Plastic, Glass, Composites)By Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2024
Major Market Competitors :
- Henkel AG & Company,
- H.B. Fuller,
- 3M Company,
- Sika AG,
- Toagosei Co., Ltd.,
- Illinois Tool Works Incorporation (ITW),
- Bostik SA,
- Huntsman Corporation,
- Pidilite Industries Limited,
- Permabond LLC,
- Royal Adhesives & Sealants, LLC,
- Franklin International,
- Lord Corporation,
- Master bond,
- Parson Adhesives Inc.,
- Delo Industrial Adhesives LLC,
- Dymax Corporation,
- Loxeal Engineering Adhesives,
- Hernon Manufacturing, Inc.,
- Chemence Limited
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Competitive Analysis :
The Global Instant Adhesives Market is highly fragmented with the presence of a large number of players across different regions. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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On the basis of chemistry:- cyanoacrylate, and epoxy-based.
Cyanoacrylate instant adhesives are further segmented:- Ethyl cyanoacrylate, methyl cyanoacrylate and others.
Epoxy-based instant adhesives are further segmented:- one-part and two-part. Others are further sub-segmented into N-butyl cyanoacrylate and 2-octyl cyanoacrylate.
On the basis of Curing Process:- Conventional instant adhesives and light-cured instant adhesives.
On the basis of Application:-Industrial, electronics, medical, woodworking, transportation, consumer and others. Others are further segmented into signage graphics and sporting goods.
On the basis of substrate:- Metal, Wood, Plastic, Glass, and Composites.
On the basis of geography:- North America, South America, Europe, Asia-Pacific and Middle East & Africa.
In 2017, Asia-Pacific is expected to dominate the market.
Major market Drivers:
- Growing medical and transportation industries in Asia-Pacific
- Developments in the green adhesives technology
- Growing demand for sealants and adhesives
- High cost of the instant adhesives as compared with the other adhesives
- Low durability of instant adhesives
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