Instant Adhesives Market Scope
Instant adhesives are also called as a cyanoacrylate adhesive, used for the fast and reliable bonding process. The instant adhesives are more effective at room temperature. The growing use of instant adhesives in the transportation and medical sector is boosting the market. Also, properties such as fast curing and excellent bonding strength are responsible for the high demand for instant adhesives. Additionally, increasing advancement and innovation in green adhesives technology is supplementing the growth of the market. However, continuously fluctuation in the prices of raw material, intense competition in the Chinese market, high cost of instant adhesive unlike other types of adhesives and less durability of instant adhesives have been limiting the growth of the market. Moreover, the growing use of instant adhesives for miniaturization and automation in the electronics sector and increasing mega construction project across the globe will drive the market in the forecasted year
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Billion) |
Key Companies Profiled | Henkel AG & Co. KGaA (Germany), H.B. Fuller (United States), Huntsman Corporation (United States), 3M Company (United States), Bostik SA (France), Toagosei Co., Ltd. (Japan), Pidilite Industries (India), Permabond LLC (United States), Royal Adhesives & Sealants LLC (United States) and Franklin International (United States) |
CAGR | 8.66% |
"According to AMA, the Global Instant Adhesives market is expected to see growth rate of 8.66% and may see market size of USD2.8 Billion by 2030."The rising number of players expected to enter the global market is predicted to enhance the competition level as well as encourage the growth of the overall market shortly. Players are anticipated to focus on the development of new compounds, which is likely to encourage the growth of the global market throughout the forecast period. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Instant Adhesives market throughout the predicted period.
Henkel AG & Co. KGaA (Germany), H.B. Fuller (United States), Huntsman Corporation (United States), 3M Company (United States), Bostik SA (France), Toagosei Co., Ltd. (Japan), Pidilite Industries (India), Permabond LLC (United States), Royal Adhesives & Sealants LLC (United States) and Franklin International (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are LORD Corporation (United States), Master Bond Inc. (United States) and Parson Adhesives, Inc. (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Instant Adhesives market by Type , by Application (Industrial, Electronics, Medical, Woodworking, Transportation, Consumer and Others (Signage Graphics, Sporting Goods)) and Region with country level break-up.
On the basis of geography, the market of Instant Adhesives 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, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In January 2021, Bostik, part of the Arkema Group, invested in Crackless Monomer Co., a joint venture with Cartell Chemical Co., to accelerate the development and production of specialty cyanoacrylate monomers.
In February 2024, Henkel introduced two next-generation medical grade, cyanoacrylates-based instant adhesives, Loctite 4011S and Loctite 4061S, formulated without CMR ingredients.
Influencing Trend:
Increasing Advancement and Innovation in Green Adhesives Technology
Market Growth Drivers:
Increasing Demand from the Asian Countries due to Growing Use of Instant Adhesives in Transportation and Healthcare Industry and Growing Demand for Instant Adhesives due to Fast Curing and Excellent Bonding Strength
Challenges:
High Cost of Instant Adhesive unlike Other Type of Adhesives and Less Durability of Instant Adhesives Limiting the Market
Restraints:
Continuously Fluctuation in the Prices of Raw Material and Intense Competition in Chinese Market
Opportunities:
Rising Demand from Rapidly Growing Construction Industry across the Globe and Growing Use of Instant Adhesives for Miniaturization and Automation in the Electronics Sector
Key Target Audience
Manufacturers of Instant adhesives, Manufacturers of Adhesives, Government Agencies or Organizations, Research Institutions and Organizations, Traders, Distributors, and Suppliers, Potential Investors and Others