New York, NY, June 10, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Instant Adhesives Market by Chemistry (Cyanoacrylate and Epoxy-Based), by Application (Industrial, Woodworking, Transportation, Consumer, Medical, and Electronics), and by Curing Process (Conventional and Light Cured): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2026”. According to the report, the global instant adhesives market accounted for USD 1.7billion in 2018 and is expected to reach USD 3.19 billion by 2026, at a CAGR of around 8.2% between 2019 and 2026.
Instant adhesives, also known as cyanoacrylates, are strong and fast-acting adhesives 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. 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.
Browse through 171 Tables & 28 Figures spread over 110 Pages and in-depth TOC on “Global Instant Adhesives Market Size & Share 2018: Industry Type, Demand, Growth, Segments, Analysis and Forecast to 2026”.
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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 product’s higher water resistance, high cohesive strength, and better heat and environmental resistance. This has resulted in the wide usage of epoxy-based instant adhesives in healthcare, transportation, electronics, furniture, and automotive industries. Industrial, woodworking, transportation, consumer, medical, and electronics comprise the application segment 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.
North America is expected to show significant growth in the global instant adhesives market over the estimated timeline, owing to the rapidly growing automotive industry. Mexico, one of the growing economies, is showing notable growth in the automotive and furniture industries. An increase in furniture production and exports is also witnessed by the country, which can fuel the growth of instant adhesives market. North America is experiencing growing furniture demand due to the flourishing construction of commercial and residential properties. Moreover, an increase in rental furniture demand is witnessed in the U.S., which will also contribute to the instant adhesives market. The rising use of instant adhesives in medical applications and footwear and leather industries are likely to generate new growth opportunities for the North American instant adhesives market in the upcoming years.
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In Europe, Germany dominates the production of electronics. In the UK, the value of electronic products is increasing. The region’s flourishing electronics industry is expected to further drive the instant adhesives market. In 2018, Germany was the largest market for instant adhesives. The automobile industry uses instant adhesive for manufacturing helmets, air filters, and spare parts. Germany leads the region’s automotive market with 41 assembly lines and engine production plants with one-third of the total automotive production in Europe. France is expected to attract notable foreign investments in the automotive segment, due to favorable government policies, which is expected to increase the demand for instant adhesives (cyanoacrylates) in the future.
The Asia Pacific region is expected to show the fastest growth rate over the forecast time period. China dominates the regional production of instant adhesives due to the country’s low tax rates along with the presence of low-cost labor and easy availability of raw materials. Rapid industrialization in the region has significantly contributed to the instant adhesives in the Asia Pacific. Moreover, the increasing demand for automotive parts in China, Japan, South Korea, and India is expected to further propel this regional market.
Browse the full “Instant Adhesives Market by Chemistry (Cyanoacrylate and Epoxy-Based), by Application (Industrial, Woodworking, Transportation, Consumer, Medical, and Electronics), and by Curing Process (Conventional and Light Cured): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2026” Report at https://www.zionmarketresearch.com/report/instant-adhesives-market
In Latin America, Brazil led the instant adhesives market in 2018. Brazil is the seventh largest global economy and is among the major automotive producers. Columbia is experiencing a high growth in various end-use industries like packaging, textiles, medical applications, and household applications, which will further contribute to the region’s instant adhesives market.
The Middle East and Africa are expected to witness significant growth in the instant adhesives market in the upcoming years, owing to the rising number of construction and infrastructural redevelopment activities across the region.
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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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This report segments the global instant adhesives market into:
Global Instant Adhesives market: By Chemistry
- Cyanoacrylate
- Epoxy-Based
Global Instant Adhesives Market: By Application
- Industrial
- Woodworking
- Transportation
- Consumer
- Medical
- Electronics
Global Instant Adhesives Market: By Curing Process
- Conventional
- Light-Cured
Global Instant Adhesives Market: By Region
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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