Bharat Book Bureau Provides the Trending Market Research Report on “Global Instant Adhesive Market Overview, 2020-2026”under Chemical & Materials Market Research Reports Category. The report offers a collection of superior market research, market analysis, competitive intelligence and Market reports.
Adhesive, popularly identified as glue, mucilage, or paste, is any non-metallic substance applied to one or both surfaces of two separate items that binds them together and resists their separation. They polymerize in the presence of a weak base, such as surface moisture, and will bond well to a wide range of substrates. The “Global Instant Adhesive Market Overview, 2020-26” categorizes the market to forecast the revenues and analyze the trends in segments, based on curing process, chemistry, application. The report also aims at estimating the size and future growth potential of the instant adhesives market across 5 regions & 19 countries. Factors such as drivers, restraints, opportunities, and challenges influencing the growth of the instant adhesives market have also been studied in the report. The report portrays a clear picture of the market with the help of 29 figures & 49 tables.
Instant adhesives are common one-part solvent-free adhesives, which cure at room temperature. They offer excellent bonding strength to most of the substrates such as metal, glass, composites, and wood, among others. With such extensive uses, the market was at a value of USD 1.46 Billion in the year 2015. The market is largely driven by the increased demand from various applications, such as industrial, woodworking, transportation, consumer, medical, and electronics. The growth of the instant adhesives market can also be attributed to the increased investments by key market players to launch efficient and cost-effective products. With innovations in decreasing the curing time and inventions of more sustainable products is expected to allow the market to experience a growth of 8.95% CAGR in the coming period.
Curing is a chemical process in which the adhesive crystallizes completely. The adhesive then attains its final properties and builds up its final strength. The global instant adhesive market can be classified into two major categories based on their curing process- conventional process & light-cured process. The conventional process dominates the global market, with an approx. of over 85% of the market share in 2020. LED technology does not contain toxic mercury like traditional UV curing technology. The regulation of mercury in manufacturing processes is growing globally. This is to aid the light-cured adhesive curing process to grow with a forecasted growth rate of 13.08%.
Based on chemistry, the global instant adhesive market is widely categorized into two segments- Cyanoacrylate & Epoxy-based adhesives. The market is dominated by the cyanoacrylate segment, which is also known as crazy glue or super glue. As this type of adhesive has a faster drying capacity, the application must be timed precisely to facilitate maximum bonding. While the cyanoacrylate adhesive segment dominates the market through the forecasted period, the epoxy-based adhesive is expected to grow with the high anticipated CAGR of over 11%. The demand for epoxy-based instant adhesives is increasing owing to their high cohesive strength and toughness as well as very good heat and environmental resistance properties.
Application of adhesive ranges from DIY crafts to the manufacturing of electric vehicles. Today, a new car contains around 18 kg of adhesives - from heat-dissipating protective layers for battery cells to lightweight chassis and crash-proof windows. The market is largely driven by the increased demand from various applications, such as industrial, woodworking, transportation, consumer, medical, and electronics. Of all the varied uses, the use of adhesive in the electronics segment dominates the market, with nearly over 20% of the market share, and an expectation to incline in the forecasted period. Adhesives are also used in the healthcare sector, thus having broad applications in the dentistry, medical and pharmaceutical field. The growth of the instant adhesives market can also be attributed to the increased investments by key market players to launch efficient and cost-effective products.
Globally, Asia holds the highest share in the adhesive market, owing to the high growth in the end-use industries, miniaturization, and automation in the electronics industry. The region contributed to over 30% of the share in the global market in the year 2020. The market is highly competitive as innovative products that comply with tough safety standards and improved efficiencies attract customers. On the other hand, Latin America remains to be the lowest contributor in the market with hardly accounting for a single-digit share in the market. The boom in the construction and automobile sector in the European countries is aiding the demand of the adhesive market in the coming period. However, the Latin American market is expected to show an anticipated CAGR of 10.29%- considerably the highest among the regions. Globally, the US leads the market, followed by China which accounts for nearly half of its share. Both these countries are expected to show a considerable decline in the market share in the forecasted period.
Sustainability is high on the agenda for both consumers and authorities, principally driven by key global issues such as global warming, CO2 emissions, plastics pollution, and the limitation of natural resources. The key players in the market are 3M, Bostik SA, Delo Industrial Adhesives, H.B Fuller, Henkel AG & Company, Huntsman Corporation, Illinois Tool Works Incorporation, Lord Corporation, Loxeal Engineering Adhesives, Parson Adhesives, Premabond LLC., Pidilite Industries, RPM International Inc, Sika AG, Toagosei Co. Ltd.
CONSIDERED IN THE REPORT
• Geography: Global
• Base year: 2020
• Historical year: 2015
• Forecasted year: 2026
REGIONS COVERED:
• North America
• Europe
• Asia
• Latin America
• Middle East & Africa
ASPECTS COVERED IN THE REPORT
• Market Size by Value for the period (2015-2026F)
• Market Share by Curing Process (Conventional & Light-Cured)
• Market Share by Chemistry (Cyanoacrylate & Epoxy-based)
• Market Share by Application (Industrial, Woodworking, Transportation, Consumer, Electronics)
• Market Share by Region
• Market Share by Country
• Market Share by Company
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https://www.bharatbook.com/report/871033/global-instant-adhesive-market-overview
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