About Epoxy Cyanoacrylate
Epoxy Cyanoacrylate is a strong fast-acting adhesive majorly used for industrial, medical, and home use. These adhesives are also known as instant glues or superglues due to their solvent-free and rapid-curing properties. Also, they rapidly form bond with a variety of substrates easily. It is used to capture latent fingerprints on non-porous surfaces like glass, plastic, etc. in forensic labs. Owing to the efficiency offered by epoxy cyanoacrylate their demand is widely increasing and this has driven the global epoxy cyanoacrylate market growth.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
In Epoxy Cyanoacrylate Market, it has been observed that most of the companies are upgrading or introducing innovative products. They rely on strategies such as mergers & acquisitions, product development, geographical expansion, technological innovation and sourcing strategies to enhance their market share.The Vendors having a strong hold in the market are Bostik, Sika, Wacker Chemie, Henkel, 3M Company. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Epoxy Cyanoacrylate market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Soudal (Belgium), Bostik (France), Sika AG (Switzerland), Wacker Chemie AG (Germany), Henkel AG and Company (Germany), 3M Company (United States), H.B. Fuller (United States), Tremco Illbruck (Germany), Aditya Birla Chemicals (India) and Olin Corporation (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Master Bond (United States), 3M Corporation (United States), ITW Devcon (United States) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Epoxy Cyanoacrylate market by Type (Epoxy [DGBEA, DGBEF, Novolac, Aliphatic, Glycidylamine, and Others] and Cyanoacrylate [Alkoxy Ethyl-based, Ethyl Ester-based, Methyl Ester-based, Others]), Application (Building and Construction, Automotive and Transportation, Industrial Assembly, Paints & Coatings, Consumer Goods and Others) and Region.
On the basis of application, Building and Construction segment is dominating the market in the year 2023 where as Automotive and Transportation segment stood as second largest market .On the basis of geography, the market of Epoxy Cyanoacrylate has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Spain, Rest of Europe), MEA (Saudi Arabia, United Arab Emirates, Rest of Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Uses, the sub-segment i.e. Foaming Adhesive will boost the Epoxy Cyanoacrylate market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. Distribution will boost the Epoxy Cyanoacrylate market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Use in Automotive Industry
Market Growth Drivers:
Growing Demand from End-Use Industries, High Strength and Durability and Emergent Demand From Developing Countries
Restraints:
Stringent Environmental Regulations and Volatility in Raw Material Prices
Opportunities:
Increasing Practice in Medical Applications and Growing Demand from the Electronics and Furniture Industries
Market Leaders and their expansionary development strategies
In October 2018, Arkema, Parent Company of Bostik is expanding in engineering adhesives with the announcement of the acquisition of Afinitica, a Spanish company specializing in instant adhesives, also known as cyanoacrylates. This small targeted acquisition will enable Bostik to develop a solid position in adhesives used in markets with strong growth potential, including electronics and medical equipment, and in many other durable goods manufacturing applications.
In November 2022, Permabond launched its new innovative TA4660 adhesive for bonding nylon. Permabond’s team of chemists have now developed a new breakthrough structural acrylic adhesive, capable of forming strong and durable bonds to filled and unfilled nylon.
Key Target Audience
Epoxy Cyanoacrylate Providers, Traders, Importers, and Exporters, Raw Material Suppliers and Distributors, Research and Consulting Firms, Government and Research Organizations and Associations and Industry Bodies
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.