Market Overview:
Cyanoacrylate
adhesives bonds numerous plastic materials like polycarbonate, styrene,
acrylic, and acrylonitrile butadiene styrene (ABS) as well as metal and
ceramic. It can bond to the surface where there is moisture and applied based
on cure time, environmental resistance, and requirement of specific substrates.
Cyanoacrylate adhesives has short shelf life and should be purchased when
required as they are strong and act fast on surface. It has poor moisture and
heat resistance however manufacturers are focusing on the development of better
shear strength and high toughness cyanoacrylate adhesives to improve impact
resistance bond. Increasing demand for plastic, metal, and glass in consumer
goods, automotive, and electronics industry is propelling cyanoacrylate
adhesives application worldwide.
Competitive Analysis
·
3M
·
Master
Bond
·
Adhesive
Systems, Inc.
·
Permabond
LLC.
·
Tong
Shen Enterprise Co., Ltd
·
Henkel
AG & Co.
·
KGaA
·
Benson
Polymers Limited
·
Premium
Metals & Components Pvt. Ltd.
·
Royal
Adhesives & Sealants, LLC
·
Cyberbond
L.L.C.
Market Segmentation
The
global Cyanoacrylate
Adhesive Market Size has been segregated based on type, end-use
industry and region. By type, the global cyanoacrylate adhesives market is
divided into methyl, ethyl, alkoxy, and others. The methyl segment will grow
with a significant CAGR during the forecast period and is expected to witness
substantial growth in automotive and electronic industry during the forecast
period. Ethyl based cyanoacrylate adhesive type is majorly used for bonding
plastic or rubber-based substrate thus the segment will witness substantial
growth by 2023.
The
end-use industries segment of the global cyanoacrylate adhesive market has been
divided into automotive, consumer products, healthcare, electronic, and others.
In 2017, the automotive segment held the largest share of this market.
Cyanoacrylate adhesives has been predominantly used in healthcare segment
rather owing to its fast curing properties. Growing use of cyanoacrylate
adhesives in the plastic, glass, and metal will accelerate demand in electronic
and consumer goods industry.
Regional Analysis
The
cyanoacrylate adhesives market has been studied with respect to five
regions—Asia-Pacific, North America, Europe, Latin America, and the Middle East
& Africa. Asia-pacific is the potential market to the cyanoacrylate
adhesives market and is the leading consumer of these adhesives types in terms
of volume. The market in Asia-Pacific is expected to grow at a high CAGR owing
to the rising product demand in the automotive and healthcare industries. The
automotive industry in the region is growing at a phenomenal pace which is
projected to fuel market demand for the type in the regional.
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