Dublin, Nov. 05, 2024 (GLOBE NEWSWIRE) -- The "Cyanoacrylate Adhesives Market by Chemistry (Ethyl Cyanoacrylate, Methyl Cyanoacrylate), End-Use Industry (Industrial, Woodworking, Automotive, Aerospace, Medical, Electronics, Consumer) - Global Forecast to 2029" report has been added to ResearchAndMarkets.com's offering.
The cyanoacrylate adhesives market size is projected to reach USD 2.56 billion by 2029 at a CAGR of 2.9% from USD 2.22 billion in 2024. Asia Pacific is estimated to account for the largest share in terms of value of the cyanoacrylate adhesives in 2024.
Cyanoacrylate adhesives offers strong bonding and rapid curing solutions for diverse industrial applications. The growing need for high-performance adhesives in cutting-edge technologies and applications is a major driver of this expansion. Adhesives with fast curing time, strong bonding capabilities, and adaptability in joining various materials are becoming necessary as sectors including automotive, electronics, aerospace, and medical are expanding rapidly.
The China, by country is forecasted to be the fastest growing cyanoacrylate adhesives market during the forecast period.
Because of the advanced manufacturing sector and expanding demand for advanced adhesives across multiple industries, China is quickly emerging as the cyanoacrylate adhesives market with the highest growth rate. Cyanoacrylate adhesives offer strong bonding and rapid curing properties, meeting the demand of China's automotive, medical, and electronics industries for efficient and stronger bonding solutions.
China possesses a strong research and development infrastructure that propels advancements in the adhesive technology and materials. The need for cyanoacrylate adhesives is further driven by the increased emphasis on sustainability and lowering manufacturing costs. This confluence of market demand, technology development, and and supportive policies positions the China as a leader in this manufacturing segment.
North America is likely to account for the second largest share of cyanoacrylate adhesives market in terms of value.
North America is the second-largest market for cyanoacrylate adhesives, due to its advanced industrial infrastructure, strong consumer markets, and increased demand for specialist applications. The established automotive and aerospace sectors in the region play a major role in driving demand for cyanoacrylate adhesives.
These adhesives are used in the automotive industry to assemble, repair, and maintain automobiles, and in the aerospace industry, they play a vital role in bonding components that are exposed to extreme temperatures and strains. The need for high-performance adhesives is further fueled by the numerous leading manufacturers and technology companies in North America, which are focusing on innovative solutions to improve the quality and functionality of their products.
The key companies profiled in this report are Henkel AG & Co. KGaA (Germany), H.B. Fuller Company (US), 3M (US), Sika AG (Switzerland), and Huntsman International LLC (US).
Research Coverage:
The cyanoacrylate adhesives market has been segmented based on chemistry type (Ethyl cyanoacrylate, Methyl cyanoacrylate, and other chemistries), End-use Industry (Industrial, Woodworking, Transportation (Automotive, Aerospace, and Other Transportations), Medical, Electronics, Consumer, and Other End-use Industries) and by Region (Europe, Asia Pacific, North America, Middle East & Africa, and South America).
This report provides insights on the following pointers:
- Analysis of key drivers, restraints, opportunities, and challenges influencing the growth of the cyanoacrylate adhesives market.
- Product Development/Innovation: Detailed insight into upcoming technologies, research & development activities, and new product launches in the cyanoacrylate adhesives market.
- Market Development: Comprehensive information about markets - the report analyses the cyanoacrylate adhesives market across varied regions.
- Market Diversification: Exclusive information about the new products & services untapped geographies, recent developments, and investments in the cyanoacrylate adhesives market.
- Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players like Henkel AG & Co. KGaA (Germany), H.B. Fuller Company (US), 3M (US), Sika AG (Switzerland), and Huntsman International LLC (US) among other in the cyanoacrylate adhesives market.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 283 |
| Forecast Period | 2024 - 2029 |
| Estimated Market Value (USD) in 2024 | $2.22 Billion |
| Forecasted Market Value (USD) by 2029 | $2.56 Billion |
| Compound Annual Growth Rate | 2.9% |
| Regions Covered | Global |
Market Dynamics
Drivers
- Increasing Demand for Lightweight Materials in Automotive Industry
- Rising Demand for Cyanoacrylate Adhesives in Consumer and Industrial Applications due to Quick Setting and Versatile Bonding Capabilities
- Growing Urbanization and Infrastructure Development In Emerging Economies
Restraints
- Potential Hazards Such as Fumes and Skin Irritation Associated With Cyanoacrylate Adhesives
- Short Shelf Life and Stability Issues Under Certain Conditions
Opportunities
- Innovations in Adhesive Properties
- Expanding Medical and Advanced Electronics Industries
Challenges
- Need to Adhere to Stringent Safety and Environmental Regulations
Macroeconomic Indicators
- GDP Trends and Forecast
- Trends in Construction Industry
- Trends in Automotive Industry
Pricing Analysis
- Average Selling Price Trend, by Region
- Average Selling Price Trend, by Chemistry
- Average Selling Price Trend, by Curing Process
- Average Selling Price Trend, by End-use Industry
- Average Selling Price Trend of Key Players, by End-use Industry
Regulatory Landscape
- Regulations Impacting Cyanoacrylate Adhesives Business
- Registration, Evaluation, Authorisation, and Restriction of Chemicals (Reach) Regulation (European Union)
- Globally Harmonized System (Ghs) of Classification and Labelling Of Chemicals
- OSHA Regulations (US)
- Voc Regulations (California Air Resources Board - Carb And Eu Solvents Emissions Directive)
- Fda Medical Device Regulations (US)
- Food Contact Material Regulations (European Union)
- Resource Conservation and Recovery Act (Rcra) and EU Waste Framework Directive
- Consumer Product Safety Regulations (Cpsa - US and EU General Product Safety Directive)
- Regulatory Bodies, Government Agencies, and Other Organizations
Technology Analysis
- Key Technologies
- Light-Cured Cyanoacrylates
- Conventional Cyanoacrylates
- Complimentary Technologies
- Anaerobic Adhesives
- Adjacent Technologies
- Hybrid Adhesives
- Nanocomposites Adhesives
Impact of AI/Generative AI (Genai) on Cyanoacrylate Adhesives Market
- Product Formulation and Innovation
- Predictive Maintenance and Production Optimization
- Supply Chain Optimization
- Sustainability and Environmental Impact Reduction
- Customer-Centric Product Design
- Regulatory Compliance and Risk Management
- Digital Twins for Process Simulation
Company Profiles
- Henkel AG & Co. KGaA
- H.B. Fuller Company
- 3M
- Sika AG
- Dymax
- Arkema
- Toagosei Co. Ltd.
- Illinois Tool Works Inc.
- Pidilite Industries Limited
- Astral Ltd.
- Parker-Hannifin Corporation
- Permabond
- Franklin International
- Masterbond
- Parson Adhesives, Inc.
- Delo Industrial Adhesives LLC.
- Chemence
- Hernon Manufacturing
- Nanpao Resins Chemical Group
- Urja Sealants Pvt. Ltd
- J-B Weld
- Hylomar Products
- Panacol-Elosol GmbH
- Plastochem
- Weiss Chemie + Technik GmbH & Co. KG
For more information about this report visit https://www.researchandmarkets.com/r/jltfhq
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Attachment
