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
Market Analysis: Global Instant adhesives Market
The global instant adhesives marketaccounted 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.
Market Definition: Global Instant adhesives Market
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.
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
Market Segmentation: Global Instant adhesives Market
The instant adhesivesmarket is segmented on the basis of chemistryinto cyanoacrylate, and epoxy-based.Cyanoacrylate instant adhesives are further segmented into ethyl cyanoacrylate, methyl cyanoacrylate and others. Epoxy-based instant adhesives are further segmented into one-part and two-part. Others are further sub-segmented into N-butyl cyanoacrylate and 2-octyl cyanoacrylate.
On the basis of Curing Process, the market is segmented into conventional instant adhesives and light-cured instant adhesives.
On the basis of Application, the market is segmented intoindustrial, electronics, medical, woodworking, transportation, consumer and others. Others are further segmented into signage graphics and sporting goods.
On the basis of substrate, the market is segmented intoMetal, Wood, Plastic, Glass, and Composites.
On the basis of geography, the instant adhesivesmarket report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, Asia-Pacificis expected to dominate the market.
Competitive Landscape: Global Instant adhesives Market
The global instant adhesivesmarket 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.
Major Market Competitors: Global Instant adhesives Market
Some of the major players in the instant adhesives market includeHenkel 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, Masterbond, Parson Adhesives Inc., Delo Industrial Adhesives LLC, Dymax Corporation, Loxeal Engineering Adhesives, Hernon Manufacturing, Inc., Chemence Limited and many more.
Research Methodology: Global Instant adhesives Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call
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The key research methodology used by DBMR research
team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.