“The instant adhesives market is projected to grow at a CAGR of 8.75% between 2017 and 2022.”
The instant adhesives market is projected to reach USD 2.38 billion by 2022, at a CAGR of 8.75% between 2017 and 2022. The demand for instant adhesives has increased in the recent years due to their increased consumption in the Asia-Pacific region. High growth in the end-use industries of Asia-Pacific and miniaturization and automation in the electronics industry are fueling the demand for instant adhesives. The growth of the instant adhesives market is largely driven by their increased demand from the medical and transportation segments. Manufacturers of instant adhesives are trying to cater to this increased demand for instant adhesives, which, in turn, is leading to expansion of their businesses. However, low durability and high cost of instant adhesives compared to other types of adhesives is restricting the growth of the global instant adhesives market.
Among chemistry types, the cyanoacrylate instant adhesives segment is leading the instant adhesives market and is projected to have the largest market share during the forecast period.
These adhesives find applications in industrial activities which require great bonding strength between dissimilar materials such as plastic, glass, rubber, and metal, among others. Once opened, they come in contact with moisture at a room temperature and get converted into thermoplastic resins rapidly.
Among curing processes, the conventional instant adhesives segment is leading the instant adhesives market and is projected to have the largest market share during the forecast period.
Developing countries in South America, Asia-Pacific, and Eastern Europe are witnessing strong demand for instant adhesives. Economic growth in the last decade, increasing automotive output, and the emergence of electronics and medical sectors in these regions have resulted in a high demand for instant adhesives.
Asia-Pacific is projected to have the largest share of the instant adhesives market during the forecast period.
The Asia-Pacific instant adhesives market is projected to have the largest market share during the forecast period due to the rising demand for instant adhesives from the emerging economies, such as India, China, South Korea, Vietnam, and Singapore, among others. Improving standards of living, growing population, and rising per capita income are the factors expected to drive the growth of the Asia-Pacific instant adhesives market during the forecast period. China dominates the production of instant adhesives in the Asia-Pacific region due to low tax rates in the country, along with the presence of low-cost labor and easy availability of raw materials.
Breakup of Primary Interviews:
Henkel AG & Co. KGaA (Germany), H.B. Fuller (U.S.), Huntsman Corporation (U.S.), 3M Company (U.S.), Bostik SA (France), Toagosei Co., Ltd. (Japan), and Pidilite Industries (India), among others, are the leading players operating in the instant adhesives market.
With respect to curing process, the instant adhesives market has been segmented into conventional and light-cured. Based on chemistry, the market has been segmented into cyanoacrylate and epoxy-based. Based on application, the market has been segmented into industrial, woodworking, transportation, consumer, medical, and electronics. Based on region, the market has been segmented into North America, Europe, Asia-Pacific, South America, and Middle East & Africa
Reasons to Buy the Report
From an insight perspective, this research report has focused on various levels of analyses—industry analysis (industry trends), market share analysis of top players in the instant adhesives market, value chain analysis, and company profiles. These insights together comprise and discuss the basic views on the competitive landscape, emerging and high-growth segments of the instant adhesives market, high-growth regions, and market drivers, restraints, and opportunities.
The report provides insights on the following pointers: