The global demand for Cyanoacrylate Adhesives Market is presumed to reach the market size of nearly USD 5.32 MN by 2028 from USD 3.32 MN in 2021 with a CAGR of 6.97% under the study period 2022 - 2028.
Cyanoacrylate adhesives are strong, fast-acting adhesives commonly known as super glue. These adhesives are made up of acrylic resins that transform to a plastic state and form a quick bonding superglue. Cyanoacrylate adhesives can form a strong bond with any surface where moisture is present. These adhesives have numerous applications, such as automotive subassemblies, aerospace components, musical instruments, disposable medical devices, etc. Cyanoacrylate adhesives are available in different viscosity – low, medium, and high. Low and medium viscosity glues work well for wood and rubber, while high viscous adhesives are great for porous surfaces.
Market Dynamics
The global Cyanoacrylate adhesive market is projected to grow at a healthy rate during the forecast period with a growing demand for super glues in automobiles, aerospace, furniture, consumer goods, and many other end-user industries. The growing automotive industry and cyanoacrylate adhesive application in the industry will further propel market growth. Moreover, the usage of cyanoacrylate adhesives in medical and veterinary applications as tissue adhesive is expected to benefit the market growth. Advancements in technology to improve non-toxicity can be a major market booster. Cyanoacrylate adhesives have acquired gold standard status in the medical adhesives which may lead to high market share under the study period. Furthermore, increasing use of these adhesives in the plastic industry and the flourishing electronics market is anticipated to drive the market growth. The rigorous government and environmental policies and regulations will be the primary constraint hampering the market growth.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of cyanoacrylate adhesives. The growth and trends of cyanoacrylate adhesives industry provide a holistic approach to this study.
Market Segmentation
This section of the cyanoacrylate adhesives market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
- Alkoxy Ethyl-Based
- Ethyl Ester-Based
- Methyl Ester-Based
- Other Product Types
By Application
- Transportation
- Footwear And Leather
- Furniture
- Consumer Goods
- Healthcare
- Electronics
- Other End-User Industries
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Cyanoacrylate Adhesives market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Cyanoacrylate Adhesives Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the cyanoacrylate adhesives market include M Corporation, Henkel AG and Company, ITW Devcon, Master Bond, Super Glue Corporation., Bostik SA, Lord Corporation, Permabond Engineering Adhesives Ltd., Dow Corning Corporation, Adhesive System Inc., Sika Corp. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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