Market Research Report
Global Cyanoacrylate Adhesive Market - Segmented by Type, End-user Industry, and Geography - Growth, Trends, and Forecast (2018 - 2023)
|Published by||Mordor Intelligence LLP||Product code||354510|
|Published||Content info||136 Pages
Delivery time: 1-2 business days
|Global Cyanoacrylate Adhesive Market - Segmented by Type, End-user Industry, and Geography - Growth, Trends, and Forecast (2018 - 2023)|
|Published: April 5, 2018||Content info: 136 Pages||
The market for cyanoacrylate adhesives is expected to register a significant growth during the forecast period, 2018 to 2023. This tremendous growth is significantly driven by the rapidly growing automotive industry.
Accelerating Usage in Medical Applications
Every year, the number of surgeries performed worldwide is growing enormously. Sutures, staples, and metallic grafts are an integral part of surgery, and also the highest standard possible at present for wound closure. However, the pain and discomfort caused by these invasive techniques have led to an urgent need for development of tissue adhesives for surgical settings. The ester form of cyanoacrylate, N-butyl-2-cyanoacrylate, is one of the adhesive components that have been widely used as a tissue adhesives in medical and veterinary applications for surgical wound closure and to close the wounds from cat declawing etc. Cyanoacrylate adhesives even acquired the gold standard status in medical adhesives, which helped these adhesives to retain good market share in the medical adhesives market. Technological advancements in improving non-toxicity are expected to strengthen the growth rate of global cyanoacrylate adhesives market in the forecast period.
Automotive End-user Segment to Dominate the Market
Automotive industry provided the largest demand for the global cyanoacrylate market in 2017. Almost 15 kg of different adhesives (cyanoacrylate adhesive with notable share) are used in the manufacturing of car on average. In the automotive industry, cyanoacrylates are used to bond weather strips, engine hose protectors, hose clips, and roof pads. The growing demand for cyanoacrylate adhesives in automotive industry is powered by constantly raised high-end standards in the design and equipment of interiors and expanded material mix. The continuously expanding automotive adhesives and sealants market is a key tool in maintaining the huge growth rate of cyanoacrylate adhesives in automotive segment.
Asia-Pacific to Ignite the Market Growth
In 2017, Asia-Pacific accounted for the largest regional market for cyanoacrylate adhesives market. The market demand for cyanoacrylate is majorly driven by expanding automotive industry, rapidly growing plastic industry, dynamic economic development in India and China, and burgeoning electronics industry. Furthermore, increasing usage in the medical application, such as dental and surgical adhesives, and rising standard of living is increasing the demand for home furnishings, which in turn, will offer numerous opportunities in the growth of the cyanoacrylate adhesives market, in Asia Pacific region.
Key Developments in the Market
February 2017: The acquisition of Cyberbond helped the global adhesives manufacturer, H.B. Fuller to quickly become a leader in the Cyanoacrylate Adhesives (CA) technology market
Major Players: 3M, Master Bond Inc., H.B. Fuller Co, Henkel AG & Co. KGaA and Sika Corp., amongst others.
Reasons to Purchase this Report
Identify the Current and future prospects of global cyanoacrylate adhesives market in the developed and emerging markets
Analyze various perspectives of the market with the help of Porter's five forces analysis
Information of the segment that is expected to dominate the market
Identify the region that is expected to witness fastest growth during the forecast period
Identify the latest developments, market shares, and strategies employed by the major market players
3-month analyst support, along with the Market Estimate sheet in excel
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