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Instant Adhesives Market by Type (Epoxy-based, Cyanoacrylate), Curing Process (Light Cured, Conventional), Application (Woodworking, Transportation, Consumer, Medical, Industrial, Electronics), and Region (Latin America, North America, Asia Pacific, Europe, Middle East and Africa) –Global Industry Analysis, Size, Share, Growth, Trends (2022 to 2027)

Published: January, 2022
ID: 8243
Pages: 175
Formats: report pdf report excel report power bi report ppt

Instant Adhesives Market Size, Share & Trends (2022 - 2027)

The Instant Adhesives Market is expected to grow from USD 1.89 billion in 2021 to USD 2.74 billion in 2026, with a CAGR of 8.81% during the forecast period.

Instant adhesives are hardening adhesives that are available in a wide range of viscosities and are known for their fast and reliable bonding with high-performance instant bonding of multiple materials. Instant adhesives adhere instantly, even when used in small quantities. Cyanoacrylate adhesives, commonly referred to as instant adhesives, are one-component room temperature curing adhesives available in a wide range of viscosities, which are known for a fast and reliable bond with high-performance instant bonding of many materials such as rubber, metals, wood. , plastic and polystyrene. 90% of the instant adhesives currently used for general purposes are ethyl cyanoacrylate and the remainder is methyl cyanoacrylate. They are used due to the instant adhesive effect even when used in small volumes. Instant adhesives would enter new markets if qualities such as low whitening and low odor were changed. Inferior heat and impact resistance, inferior flexibility, inability to adhere to a large area in one stroke, odor and whitening, the toxicity that can lead to skin diseases are some of the main disadvantages of instant adhesives.

The use of instant adhesives in various end applications, combined with the growing demand for instant adhesives, is expected to increase the demand for instant adhesives in the global market. The improvement in adhesive technology to improve bond strength with a variety of types of substrates, along with the need to comply with strict environmental regulations are the main drivers of the instant adhesives market. The evolution of automation in the electronics and miniaturization industry, as well as in medicine and transportation will increase the demand for instant adhesives in the near future.

Instant Adhesives Market Drivers

Strong growth in end-use industries in the Asia-Pacific region, instant adhesive properties such as rapid curing and excellent bond strength, and increased demand for miniaturization and automation in the electronics industry are expected to stimulate the market of adhesives. Growing demand from the medical and transportation segments is driving the instant adhesives market. Instant adhesive manufacturers are trying to meet this growing demand for instant adhesives, which in turn leads to the expansion of their business. Innovation in environmentally friendly adhesive technology and increasing use of these adhesives for infrastructure development in various countries present opportunities for the instant adhesives market. Instant adhesives are primarily used for instant bonding purposes on paper, plastics, rubber, metals, and glass.

Instant adhesives find applications in small repairs, woodworking, assembly applications, coil termination, automation, and electronics, among others. Cyanoacrylate adhesives are non-flammable and environmentally friendly and are very easy to use in maintenance repair shops and automated dispensing systems to assemble various products. In the automotive industry, instant adhesives are used on parts of door handles, taillight decorations, and rubber on window frames, spark plug wire covers, and dashboard leather instruments. Automation instrumentation is used in the manufacturing of electronic products. In the electronics manufacturing industry, buttons on CD / DVD players, magnetic heads, rubber vibration isolators on washing machines, and gaskets on vacuum cleaners use instant adhesives for better adhesion.

Opportunities in the Instant Adhesives Market

In recent years, environmentally friendly formulations have opened up new doors of opportunity for producers of instant adhesives. In addition, they work tirelessly to improve application techniques so that other attributes are enhanced as well. The increasing use of these in processes with high strength requirements is also an important trend. Among the various key products, instant epoxy adhesives have gained ground among industry players. One of the rapidly emerging areas of application in the instant adhesives market is the bonding of external fabrics.

Challenges in the Instant Adhesives Market

Toxicity, flammability, acceptable drying time, and compliance with environmental regulations are the main challenges in the instant adhesives market. The rapid conversion of instant adhesive to the thermoplastic resin after coming into contact with moisture is another challenge facing the instant adhesive market. The relatively high costs and low toughness of instant adhesives are inhibiting the growth of the global instant adhesives market.

REPORT COVERAGE

REPORT METRIC

DETAILS

Market Size Available

2020 – 2025

Base Year

2021

Forecast Period

2021- 2026

CAGR

8.81%

Segments Covered

By Chemistry, By Curing, Process, By Substrate, By Application

 

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

 

 

Market Leaders Profiled

Henkel AG & Co. KGaA , H.B. Fuller Company, 3M, Sika AG, TOAGOSEI CO., LTD., Illinois Tool Works Inc., Bostik, Huntsman International, Pidilite Industries Ltd., Permabond LLC, Royal Adhesives & Sealants, Franklin International, LORD Corporation

Instant Adhesives Market

Instant Adhesives Market Segmentation

Instant Adhesives Market Segmented By Chemistry:

  • Cyanoacrylate
  • Epoxy-based

Instant Adhesives Market Segmented By Curing Process:

  • Conventional
  • Light-cured

Instant Adhesives Market Segmented By Substrate:

  • Metal
  • Wood
  • Plastic
  • Glass
  • Composites

Instant Adhesives Market Segmented By Application:

  • Industrial
  • Electronics
  • Medical
  • Woodworking
  • Transportation
  • Consumer

Instant Adhesives Regional Analysis:

  • North America 

  • Europe 

  • Asia Pacific

  • Latin America 

  • Middle East & Africa 

Asia-Pacific is expected to dominate the overall market, owing to the highly developed electronics and automation sectors, as well as the continued investments made in the region to advance the automotive sector over the years. Also, instant adhesives are used to bond various materials in electronics, due to their properties. Instant adhesives can withstand temperatures up to 125 ° C, and have high bond strength and chemical resistance, as well as high electrical insulation ability. Instant adhesives are gaining demand for carpentry, medical devices, cosmetic packaging, toys, lighting fixtures, motors, generators, compressors and filters, and home appliances. The demand for these applications from China has increased due to the aforementioned end user industries. Increasing medical device applications and increasing use of electronic components and automation is expected to drive the instant adhesives market during the forecast period.

North America is expected to show significant growth in the global instant adhesives market over the estimated time, owing to the rapid growth of the automotive industry. Mexico, one of the growing economies, is showing remarkable growth in the automotive and furniture sectors. The country is also seeing an increase in the production and export of furniture, which could boost the growth of the instant adhesives market. North America is experiencing an increasing demand for furniture due to the boom in commercial and residential property construction. In addition, there is an increase in the demand for rental furniture in the United States, which will also contribute to the instant adhesives market. The increasing use of instant adhesives in medical applications and in the footwear and leather industries is likely to create new growth opportunities for the North American instant adhesives market in the years to come.

In Europe, Germany dominates the production of electronic products. The region's booming electronics industry is expected to further boost the instant adhesives market. In 2019, Germany was the largest market for instant adhesives. The auto industry uses instant adhesive to make helmets, air filters, and aftermarket parts. Germany leads the region's automotive market with 42 assembly lines and engine production plants accounting for one-third of total automotive production in Europe. France is expected to attract significant foreign investment in the automotive segment, due to favorable government policies, which are expected to increase demand for instant adhesives (cyanoacrylates) in the future.

Recent Developments:

  • In July 2019, Henkel announced an investment of USD 46 Million to upgrade its Salisbury NC adhesive plant in North America.

  • In November 2018, Henkel released a bonding kit for 3D applications consisting of an instant bonder, activator, primer, and cleaning products.

Instant Adhesives Market Key Players:

  1. Henkel AG & Co.,

  2. H.B. Fuller Company,

  3. Sika AG,

  4. TOAGOSEI CO., LTD.,

  5. Illinois Tool Works Inc.,

  6. Bostik,

  7. Huntsman International,

  8. Pidilite Industries Ltd.,

  9. Permabond LLC,

  10. Royal Adhesives & Sealants,

  11. Franklin International,

  12. LORD Corporation,

  13. Masterbond,

  14. Parson Adhesives,

  15. Delo,

  16. Dymax Corporation,

  17. LoxealS.r.l,

  18. Hernon Manufacturing, Inc.,

  19. Chemence

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