The global demand for Needle Bonding Adhesives Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028.
Needle bonding adhesives are a class of adhesives used for bonding cannula to hubs in syringe needle assembly applications. These adhesives prevent fluid leakage (e.g., blood, medicines) and secure a fixed positioning of the cannula. Many adhesive chemistries are available in the market, and the adhesives' selection depends on the needle design. The adhesives are classified based on the pull strengths, cure times, and needle assembly type. These adhesives exhibit different characteristics like compatibility with gamma, ETO, and E-Beam sterilization, LED curable, UV absorption, autoclaving, moisture-resistant, and thermal stability. These adhesives contain chemical compounds that are fluorescent and can be inspected with a low-intensity black light.
The extensive use of needles in the healthcare sector for injection, blood drawing, biopsy, etc. will be the key contributors to this market's growth. The growing demand for needles in various industrial applications for dispensing, test fluid extraction, and injection will further stimulate this market's growth. Intensive research and development activities ensure that the adhesive formulations can withstand harsh chemicals, create strong bonds with metals, and have appropriate viscosity to boost this market's growth. The various barriers that can hurt the needle bonding adhesives market are limited shelf life and work life, lengthy cure times, elaborate surface preparation, and aging due to many uncontrollable influences.
The 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 inclusive assessment of each application/product segment in the global market of needle bonding adhesives.
The entire needle bonding adhesives market has been sub-categorized into material, viscosity, curing method and application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Curing Method
- Light-Curable (UV, VIS)
- Pen Needles
- Prefilled Syringes
- Insulin Delivery Systems
This section covers regional segmentation which accentuates on current and future demand for needle bonding adhesives market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Needle Bonding 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 needle bonding adhesives market include Chemence, Dr. Hönle AG (Panacol-Elosol GmbH of Panacol AG), Dymax Corporation, Engineered Materials Systems, Henkel, Master Bond, Mubadala Investment Company (Nova Chemicals). This section includes 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.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.