Epoxy-based instant adhesives segment is leading the instant adhesives market
The Instant Adhesive Market is projected to grow from USD 1.57 Billion in 2017 to USD 2.38 Billion by 2022, at a CAGR of 8.75% during the forecast period.
Browse 109 market data tables and 52 figures spread through 158 pages and in-depth TOC on "Instant Adhesive Market”
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Investments & expansions is one of the major strategies adopted by the key players in the instant adhesives market. This strategy has helped the companies enhance their product portfolios and expand their global presence. These companies are also focused on entering new markets by launching technologically advanced and innovative instant adhesives for varied applications. Some of the leading manufacturers of instant adhesives include 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. These companies have adopted various organic and inorganic growth strategies to enhance their business and increase their market share in the instant adhesives market.
The North American region is considered to be the most active region, in terms of strategic initiatives in the instant adhesives market. In February 2017, H.B. Fuller acquired Cyberbond, LLC, following which it quickly became a leader in the Cyanoacrylate Adhesives (CA) technology market. In February 2016, 3M and TTS Tooltechnic Systems AG & Co, a maker of Festool brand products, announced a strategic collaboration to provide customers in the global automotive collision repair industry a new and comprehensive surface preparation and finishing system. As a part of this strategic collaboration, 3M’s automotive aftermarket division will eventually become the exclusive supplier of 3M and Festool Automotive Systems products in the automotive aftermarket.
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H.B. Fuller (U.S.) and 3M Company (U.S.) are the most active players in the instant adhesives market. These companies accounted for the largest share of all developmental activities that took place in the instant adhesives market between 2013 and 2017. As a part of their organic growth strategies, these companies focus on enhancing their instant adhesive product portfolios and expanding their presence in the European and North American regions.
Among applications, the medical segment is leading the instant adhesives market and is projected to grow at the highest CAGR during the forecast period.
Cyanoacrylate adhesives are expected to find widespread use in external tissue bonding applications, particularly in medical emergency and medical devices. Aging population and advancements in medical procedures will continue to fuel the use of instant adhesives in medical devices, including IV delivery systems, catheters, syringes, hearing aids, silicone rubber components, and others.
The Asia-Pacific instant adhesives market is projected to grow at the highest CAGR during the forecast period.
The Asia-Pacific instant adhesives market is projected to grow at the highest CAGR during the forecast period. The growth of the Asia-Pacific instant adhesives market can be attributed to the rising demand for instant adhesives from emerging economies of the Asia-Pacific region, including India, China, South Korea, Vietnam, and Singapore, among others. Moreover, factors such as the improving standards of living and rising per capita income of the countries of the Asia-Pacific region are also fueling the growth of the Asia-Pacific instant adhesives market.
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