The cyanoacrylate adhesives global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Cyanoacrylate Adhesives Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The cyanoacrylate adhesives market size has grown strongly in recent years. It will grow from $1.40 billion in 2023 to $1.49 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to the rise in the automotive industry, the growing use of electronics, increasing adoption in aerospace, the rapid expansion of the consumer goods sector, and home improvement trends.
The cyanoacrylate adhesives market size is expected to see strong growth in the next few years. It will grow to $1.93 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed to sustainability trends, increased infrastructure development, the increasing adoption of 3d printing in industries, growth in renewable energy projects, and advancements in adhesive technology. Major trends in the forecast period include rising demand in the medical sector, increasing use of lightweight materials, miniaturization in electronics, increased focus on adhesive strength, and automation in manufacturing.
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Scope Of Cyanoacrylate Adhesives Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Cyanoacrylate Adhesives Market Overview
Market Drivers –
The growing number of surgeries is expected to propel the growth of the cyanoacrylate adhesive market going forward. The number of surgeries is growing due to increasing aging populations, rising prevalence of chronic diseases, and advancements in medical technologies. Cyanoacrylate adhesives are used in surgeries for wound closure and tissue bonding and as a non-invasive alternative to sutures or staples, promoting faster healing and reducing scarring. For instance, in December 2023, according to the Australian Institute of Health and Welfare, an Australia-based government administration, in 2022–23, 735,500 patients were admitted for surgery from public hospital elective surgery waiting lists, marking an 18% rise compared to 2021–22. Therefore, the growing number of surgeries is driving the growth of the cyanoacrylate adhesive market.
Market Trends –
Major companies operating in the cyanoacrylate adhesive market are focusing on developing innovative solutions, such as water-resistant cyanoacrylate adhesives, to provide strong bonds on a multitude of substrates, including metals, plastics, and rubbers. Water-resistant cyanoacrylate adhesives are fast-acting, strong bonding glues designed to resist moisture, making them suitable for use in humid or wet environments. For instance, in February 2024, Permabond LLC, a US-based manufacturer of industrial adhesives, launched the Permabond 712 and Permabond 130UV, cyanoacrylate adhesives. Permabond 712 is a fast-setting cyanoacrylate adhesive designed for bonding small components, offering high-speed curing and strong adhesion to various materials, including metals, plastics, and rubber. Permabond 130UV features UV curing for applications requiring invisible bonds and enhanced precision, making it ideal for glass, clear plastic, and other transparent substrates. Both provide efficient bonding solutions with specific benefits for their intended applications.
The cyanoacrylate adhesives market covered in this report is segmented –
1) By Type: Alkoxy Ethyl-Based, Ethyl Ester-Based, Methyl Ester-Based, Other Product Types
2) By Technology: Reactive, Ultraviolet (UV) Cured Adhesives
3) By Application: Automobiles, Footwear And Leather, Furniture, Consumer Goods, Healthcare, Electronics, Transportation, Other Applications
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Regional Insights –
North America was the largest region in the cyanoacrylate adhesives market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cyanoacrylate adhesives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the cyanoacrylate adhesives market are 3M Company, Henkel AG & Co. KGaA, Parker-Hannifin Corporation, Arkema SA, Sika Services AG, H.B. Fuller Company, Aica Kogyo Co. Ltd., Pidilite Industries Limited, The Soudal Group, NANPAO RESINS CHEMICAL GROUP, DELO Industrial Adhesives LLC, Dymax Corporation, Chemence Inc., Threebond International Inc., Aron Alpha, Hernon Manufacturing Inc., Permabond Engineering Adhesives Ltd., Master Bond Inc., TONG SHEN ENTERPRISE CO. LTD., Aman International, Urja Sealants Pvt. Ltd., Vitrochem Technology Pte Ltd.
Table of Contents
1. Executive Summary
2. Cyanoacrylate Adhesives Market Characteristics
3. Cyanoacrylate Adhesives Market Trends And Strategies
4. Cyanoacrylate Adhesives Market – Macro Economic Scenario
5. Global Cyanoacrylate Adhesives Market Size and Growth
….
32. Global Cyanoacrylate Adhesives Market Competitive Benchmarking
33. Global Cyanoacrylate Adhesives Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Cyanoacrylate Adhesives Market
35. Cyanoacrylate Adhesives Market Future Outlook and Potential Analysis
36. Appendix
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