Global instant adhesives market expected to reach USD 3.19 billion by 2026, at a CAGR of around 8.2% between 2019 and 2026. The increasing demand for reusable plastics in the appliance industry for doors, shelves, plastic cabinets, appliances, and liners is expected to drive the growth of the instant adhesives market globally in the future.
The report covers a forecast and an analysis of the instant adhesives market on a global and regional level. The study provides historical data from2016 to 2018 along with a forecast from 2019 to 2026 based on both volume (Tons) and revenue (USD Billion). The study includes drivers and restraints of the instant adhesives market along with their impact on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the instant adhesives market on a global level.
In order to give the users of this report a comprehensive view of the instant adhesives market, we have included a detailed value chain analysis. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the instant adhesives market has also been included. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.
The study provides a decisive view of the instant adhesives market by segmenting it based on chemistry, curing process, application, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2019 to 2026. The regional segment includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The key players operating in the global instant adhesives market are Henkel, 3M, TOAGOSEI, Master Bond, KGaA, Permabond Engineering Adhesives, Sika Corp., Arkema Group, Ashland, Avery Dennison, Beardow & Adams, and Royal Pidilite Industries.
This report segments the global instant adhesives market into:
Global Instant Adhesives market: By Chemistry
Global Instant Adhesives Market: By Application
Global Instant Adhesives Market: By Curing Process
Global Instant Adhesives Market: By Region
Instant adhesives, also known as cyanoacrylates, are a strong and fast-acting adhesive that have uses across industrial, medical, and household sectors. Instant adhesives are available across a wide range of viscosities that form fast and reliable bonds with instant high-performance bonding of various materials. Instant adhesives usually have a short shelf life. Furthermore, if they are kept unopened for a prolonged time period, they can last up to a year. Instant adhesives have diverse applications, such as bonding needles, and syringes in the medical equipment sector, assembling micro parts in the electronics and automotive industry, etc.
The increasing demand for reusable plastics in the appliance industry for doors, shelves, plastic cabinets, appliances, and liners is expected to drive the growth of the instant adhesives market globally in the future. The growing demand for instant adhesives in the Asia Pacific region is likely to provide new growth opportunities for the key players in the global instant adhesives market in the upcoming years. The development of enhanced instant adhesives like green adhesives technology can further drive the global instant adhesives market. Green adhesives are environmental-friendly along with the better application. These adhesives show reduced wear and tear on application parts, are higher heat-resistant, and more cost-effective. However, lower-impact resistance and toxicity that may lead to skin diseases, lower-resistance to inferior heat and odor, and higher costs may inhibit the instant adhesives market development. Additionally, instant adhesives rapidly turn into thermoplastic resin right after coming in contact with moisture, which is a challenge to the instant adhesive industry as well.
The global instant adhesives market is fragmented based on chemistry, application, and curing process. Based on chemistry, the instant adhesives market includes cyanoacrylate and epoxy-based. The epoxy-based segment is likely to lead the global market in the future, owing to the products of higher water resistance. Industrial, woodworking, transportation, consumer, medical, and electronics comprise application segments of the global instant adhesives market. On the basis of the curing process, the market is categorized into conventional and light cured. The light cured segment is projected to show the highest rate over the projected time period, owing to the product’s properties like safe curing of the substance when exposed to UV lights at room temperature, high bond strength, and excellent surface cure.
Geographically, the Asia Pacific region is expected to show the fastest growth rate over the forecast time period. This growth can be due to the region establishment as a hub of various end-use industries, such as electronic, automotive, and consumer electronics. These industries have evolved the automation and miniaturization across the production line, which is positively impacting the overall growth of the instant adhesives market in the region.
The key players operating in the global instant adhesives market are Henkel, 3M, TOAGOSEI, Master Bond, KGaA, Permabond Engineering Adhesives, Sika Corp., Arkema Group, Ashland, Avery Dennison, Beardow& Adams, and Royal Pidilite Industries.
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