Global Cyanoacrylate Adhesives Market Size To Worth USD 2.85 Billion By 2033 | CAGR Of 2.81%
Category: Chemicals & MaterialsGlobal Cyanoacrylate Adhesives Market Size To Worth USD 2.85 Billion By 2033 | CAGR Of 2.81%
According to a research report published by Spherical Insights & Consulting, the Global Cyanoacrylate Adhesives Market Size is Expected to Grow from USD 2.16 Billion in 2023 to USD 2.85 Billion by 2033, at a CAGR of 2.81% during the forecast period 2023-2033.
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Browse key industry insights spread across 210 pages with 112 Market data tables and figures & charts from the report on the "Global Cyanoacrylate Adhesives Market Size, Share, and COVID-19 Impact Analysis, By Technology (Reactive and UV Cured Adhesives), By End Use (Aerospace, Automotive, Building & Construction, Healthcare, Woodworking, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/cyanoacrylate-adhesives-market
The cyanoacrylate adhesives market is the industry of adhesives that cure quickly to form strong bonds. Cyanoacrylates are a family of strong fast-acting adhesives, derived from ethyl cyanoacrylate and related esters. They have industrial, medical, and household applications. Super glue, power glue, and quick glue are some general names for cyanoacrylate adhesives. The market for cyanoacrylate adhesives is expanding as a result of the growing number of construction and infrastructure projects as well as the growing need for adhesive solutions that cure quickly. The adoption of cyanoacrylate adhesives in the medical and electronic industries is offering a market growth opportunity. The use of cyanoacrylate adhesives for bonding applications in the manufacturing of lightweight and efficient materials in the automotive industry is propelling the cyanoacrylate adhesives market. Further, the upsurging EV production and research & development activities along with the focus on creating low odor and low blooming cyanoacrylate adhesives formulations are promoting the market growth. On the contrary, the limited shelf life and stability issues associated with cyanoacrylate are challenging the cyanoacrylate adhesives market.
The reactive segment dominated the market with the largest revenue share of 79.75% in 2023 and is anticipated to witness significant CAGR growth during the projected timeframe.
Based on the technology, the cyanoacrylate adhesives market is classified into reactive and UV cured adhesives. Among these, the reactive segment dominated the market with the largest revenue share of 79.75% in 2023 and is anticipated to witness significant CAGR growth during the projected timeframe. Reactive cyanoacrylate adhesives are highly popular due to their remarkable ability to react with moisture and swiftly polymerize to form strong bonds.
The healthcare segment held the largest revenue share of 29.51% in 2023 and is expected to grow at a significant CAGR during the forecast period.
Based on the end use, the cyanoacrylate adhesives market is classified into aerospace, automotive, building & construction, healthcare, woodworking, and others. Among these, the healthcare segment held the largest revenue share of 29.51% in 2023 and is expected to grow at a significant CAGR during the forecast period. Cyanoacrylate adhesives have applications in a variety of healthcare fields, including wound closure, medical device production, and surgery.
Asia Pacific is estimated to hold the largest share of the cyanoacrylate adhesives market over the forecast period.
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Asia Pacific is estimated to hold the largest share of the cyanoacrylate adhesives market over the forecast period. The increasing need for strong bonding and rapid-curing adhesive solutions is driving the cyanoacrylate adhesives market. Further, the technological advancements in adhesive formulations and application methods are propelling the market growth. In addition, the expanding automotive, electronics, and medical sectors are responsible for driving the cyanoacrylate adhesives market.
North America is predicted to grow at the fastest CAGR in the cyanoacrylate adhesives market over the forecast period. The crucial role of cyanoacrylate adhesives in the manufacturing sector for bonding a variety of materials such as metals, plastics, rubber, and ceramics is contributing to driving the market. The increasing cyanoacrylate adhesives demand from electronics and furniture industries in the region are propelling the market.
Major key players in the global cyanoacrylate adhesives market include H.B. Fuller Company, 3M, Sika AG, Arkema Group, Huntsman International LLC, Toagosei Co. Ltd., Aica Kogyo Co. Ltd., Henkel AG & Co. KGaA, Pidilite Industries Ltd., Illinois Tool Works Inc., Parker-Hannifin Corporation, Astral Ltd., Hubei Huitian New Materials Co. Ltd., NANPAO RESINS CHEMICAL GROUP, Soudal Holding N.V., Franklin International, and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Developments
- In May 2024, H.B. Fuller Company, the biggest pureplay adhesives company in the world, announced that it had acquired ND Industries Inc., a leading provider of specialty adhesives and fastener locking and sealing solutions serving customers in the automotive, electronics, aerospace, and other industries.
- In February 2024, Henkel introduced two next-generation medical grade, cyanoacrylates-based instant adhesives that offer improved safety and performance. The new products are formulated without CMR (Carcinogenic, Mutagenic, or Reproductively hazardous) ingredients and are designed to offer increased strength during and after heat cycling.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the cyanoacrylate adhesives market based on the below-mentioned segments:
Global Cyanoacrylate Adhesives Market, By Technology
- Reactive
- UV Cured Adhesives
Global Cyanoacrylate Adhesives Market, By End Use
- Aerospace
- Automotive
- Building & Construction
- Healthcare
- Woodworking
- Others
Global Cyanoacrylate Adhesives Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
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Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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