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Instant Adhesive Market Size Is Likely To Reach a Valuation of Around USD 3.52 Billion by 2028

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Instant Adhesive Market Size Is Likely To Reach a Valuation of Around USD 3.52 Billion by 2028

September 20
14:05 2021
Instant Adhesive Market Size Is Likely To Reach a Valuation of Around USD 3.52 Billion by 2028
Instant Adhesive Market
The Instant Adhesive Market report provides a panoramic view of the market and insights that will help formulate better and informed business decisions.

The report also discusses in detail about the key factors influencing the market growth. The report provides a comprehensive analysis of the drivers, restraints, limitations, threats, and growth opportunities in the market along with a complete analysis of key companies operating in the market.

The global Instant adhesive market is expected to reach USD 3.52 Billion by 2028, according to a new report by Reports and Data. This can be mainly associated with the application of instant adhesives in fast curing and excellent bonding strength, rising need for automation and miniaturization in the electronics industry and growing effectiveness of these adhesives even at room temperature; with one-part catalyst free formulation as well as high chemical resistance.

Instant adhesives are strong and fast-acting adhesives with medical, industrial, and household applications, majorly with a composition of various esters of cyanoacrylic acid. The acryl groups in the resin, in presence of water, rapidly polymerises, forming long and strong chains. These adhesives are sometimes known as power glues instant glues, or superglues.

Specific cyanoacrylates include ethyl 2-cyanoacrylate (ECA, commonly called “Super Glue” and “Krazy Glue”, or Toagosei), methyl 2-cyanoacrylate (MCA), octyl cyanoacrylate n-butyl cyanoacrylate (n-BCA), and 2-octyl cyanoacrylate (used in veterinary medical, and first aid applications). Octyl cyanoacrylate is used to address toxicity concerns and reduce allergic response and skin irritation. The commonly used abbreviation for industrial grade cyanoacrylate is “CA”.

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Key participants include:

H.B. Fuller, Henkel AG & Company, Sika AG, 3M Company, Illinois Tool Works Incorporation (ITW), Toagosei Co., Ltd., Huntsman Corporation, Bostik SA, Permabond LLC, Pidilite Industries Limited, Franklin International, Royal Adhesives & Sealants, LLC, Masterbond, Lord Corporation, Delo Industrial Adhesives LLC, Parson Adhesives Inc., Loxeal Engineering Adhesives, Dymax Corporation, Chemence Limited, and Hernon Manufacturing, Inc., among others.

Further key findings from the report suggest

The growth of the cyanoacrylate adhesives is expected to dominate the segment throughout the forecast period. Cyanoacrylates are rapid curing, and high bonding strengths on plastic and rubber materials. The versatility of these adhesives makes them highly useful in all industries, for instance, in electronics for printed circuit board components and wires as wel as for disposable plastic medical devices in medical technology.

Light curing cyanoacrylates are one of the newest and fastest growing adhesive technologies in the market. Light cure CAs perform similar to traditional instant adhesives but with an added advantage of instant, tack-free cure when exposed to UV or visible light, since they do not require the use of solvent-borne accelerators to speed the cure process. Thus, they overcome blooming and reduce stress cracking on sensitive substrates such as acrylics and polycarbonate.

Being the smallest molecule, methyls work best on rubber and metal parts while ethyls on plastic parts.

Europe dominates the market, and is forecasted to grow at a CAGR of 3.7% in the coming years, due to the presence of some of the largest manufacturers and vendors in the region, such as, Henkel AG & Co. KGaA, Bostik SA, KENT Europe, 3M, etc.

Asia Pacific region is expected to have the highest CAGR of 7.5% for the market by 2028, followed by North America. Low labor cost, abundant raw material, and low tax rate makes China the leading country in the region, and emerging players including India, South Korea, and Singapore. Moreover, high standards of living, high per capita income, and environment friendly adhesives are contributing to the demand for the market over the forecast period.

Growing automotive industry is driving the market in North America with second largest growth and CAGR of 6.0%. Latin America, and Middle East & Africa markets are also growing at a significant rate, reason being economic growth development and application in electronics, medical, and transportation sector.

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For the purpose of this report, Reports and Data have segmented global Instant adhesive Market on the basis of chemical composition, curing process, substrate, end uses, and region:

Chemical composition Outlook (Volume, Thousand units; 2020-2028 and Revenue, USD Billion; 2020-2028)

Cyanoacrylate Instant Adhesives

Ethyl Cyanoacrylate

Methyl Cyanoacrylate

Others

N-Butyl Cyanoacrylate

2 2-Octyl Cyanoacrylate

Epoxy-Based Instant Adhesives

Cold cure adhesives or two-part

Heat cure adhesives or one-part

Curing process Outlook (Volume, Thousand units; 2020-2028 and Revenue, USD Billion; 2020-2028)

Conventional Instant Adhesives

Light-Cured Instant Adhesives

Substrate Outlook (Volume, Thousand units; 2020-2028 and Revenue, USD Billion; 2020-2028)

Metal

Steel

Aluminum

Others

Wood

Plastic

Glass

Composites

End uses Outlook (Volume, Thousand units; 2020-2028 and Revenue, USD Billion; 2020-2028)

Industrial

Woodworking

Transportation & Automotive

Consumer

Medical

Electronics

Behaviours

Aquaria

Smooth surfaces

Filler

Forensics

Archery

Cosmetics

Sporting Goods

Aerospace

Oil & Gas

Others

Signage & Graphics

Sporting Goods

Regional Outlook (Volume, Thousand units; 2020-2028 and Revenue, USD Billion; 2020-2028)

North America

Europe

Asia Pacific

Latin America

MEA

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About Reports and Data

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.

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