Market Definition: Instant Adhesives Market
The global instant adhesives market accounted for USD 1.58 billion in 2016 and is projected to grow at a CAGR of 8.6% during the forecast period of 2019 to 2026.
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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Key Market Competitors: Instant Adhesives Market
Few of the major competitors are 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, Masterbond, Parson Adhesives Inc., Delo Industrial Adhesives LLC, Dymax Corporation, Loxeal Engineering Adhesives, Hernon Manufacturing, Inc., Chemence Limited and many more.
Major Market Drivers & Restraints are as follows:
- 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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In this market report the market potential has been estimated and careful examination of fundamental sections and provincial markets has been given. The survey likewise sorts the market utilization volume and market share. Analysts have broken down the members alongside their information as well as principals separated from geographical regions and item type. Moreover, the report offers efficient review, product diagrams, and tables to deliver a conclusion.
Market Segmentation: 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.
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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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