Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 2.64 Billion | USD 4.49 Billion | 6.10% | 2023 |
The global instant adhesives market size was worth around USD 2.64 Billion in 2023 and is predicted to grow to around USD 4.49 Billion by 2032 with a compound annual growth rate (CAGR) of roughly 6.10% between 2024 and 2032.
The report analyzes the global instant adhesives market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the instant adhesives industry.
The report covers a forecast and an analysis of the instant adhesives market on a global and regional level. The study provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on both volume (Tons) and revenue (USD Billion).
In order to give the users of this report a comprehensive view of the instant adhesives market, we have included a detailed value chain analysis. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the instant adhesives market has also been included. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.
Instant adhesives, also known as cyanoacrylates, are a strong and fast-acting adhesive that have uses across industrial, medical, and household sectors. Instant adhesives are available across a wide range of viscosities that form fast and reliable bonds with instant high-performance bonding of various materials. Instant adhesives usually have a short shelf life. Furthermore, if they are kept unopened for a prolonged time period, they can last up to a year. Instant adhesives have diverse applications, such as bonding needles, and syringes in the medical equipment sector, assembling micro parts in the electronics and automotive industry, etc.
The increasing demand for reusable plastics in the appliance industry for doors, shelves, plastic cabinets, appliances, and liners is expected to drive the growth of the instant adhesives market globally in the future. The growing demand for instant adhesives in the Asia Pacific region is likely to provide new growth opportunities for the key players in the global instant adhesives market in the upcoming years.
The development of enhanced instant adhesives like green adhesives technology can further drive the global instant adhesives market. Green adhesives are environmental-friendly along with the better application. These adhesives show reduced wear and tear on application parts, are higher heat-resistant, and more cost-effective. However, lower-impact resistance and toxicity that may lead to skin diseases, lower-resistance to inferior heat and odor, and higher costs may inhibit the instant adhesives market development. Additionally, instant adhesives rapidly turn into thermoplastic resin right after coming in contact with moisture, which is a challenge to the instant adhesive industry as well.
Report Attributes | Report Details |
---|---|
Report Name | Instant Adhesives Market Research Report |
Market Size in 2023 | USD 2.64 Billion |
Market Forecast in 2032 | USD 4.49 Billion |
Growth Rate | CAGR of 6.10% |
Number of Pages | 255 |
Forecast Units | Value (USD Billion), and Volume (Units) |
Key Companies Covered | Henkel, 3M, TOAGOSEI, Master Bond, KGaA, Permabond Engineering Adhesives, Sika Corp., Arkema Group, Ashland, Avery Dennison, Beardow & Adams, and Royal Pidilite Industries, among others. |
Segments Covered | By Chemistry, By Application, By Curing Process, And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The global instant adhesives market is fragmented based on chemistry, application, and curing process.
Based on chemistry, the instant adhesives market includes cyanoacrylate and epoxy-based. The epoxy-based segment is likely to lead the global market in the future, owing to the products of higher water resistance.
By Application, Industrial, woodworking, transportation, consumer, medical, and electronics comprise application segments of the global instant adhesives market.
On the basis of the curing process, the market is categorized into conventional and light cured. The light cured segment is projected to show the highest rate over the projected time period, owing to the product’s properties like safe curing of the substance when exposed to UV lights at room temperature, high bond strength, and excellent surface cure.
The regional segment includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Geographically, the Asia Pacific region is expected to show the fastest growth rate over the forecast time period. This growth can be due to the region establishment as a hub of various end-use industries, such as electronic, automotive, and consumer electronics. These industries have evolved the automation and miniaturization across the production line, which is positively impacting the overall growth of the instant adhesives market in the region.
The key players operating in the global instant adhesives market are
This report segments the global instant adhesives market into:
Global Instant Adhesives market: By Chemistry
Global Instant Adhesives Market: By Application
Global Instant Adhesives Market: By Curing Process
Global Instant Adhesives Market: By Region
FrequentlyAsked Questions
Instant adhesives, also known as cyanoacrylates, are a strong and fast-acting adhesive that have uses across industrial, medical, and household sectors. Instant adhesives are available across a wide range of viscosities that form fast and reliable bonds with instant high-performance bonding of various materials.
The increasing demand for reusable plastics in the appliance industry for doors, shelves, plastic cabinets, appliances, and liners is expected to drive the growth of the instant adhesives market globally in the future.
According to the report, the global instant adhesives market size was worth around USD 2.64 Billion in 2023 and is predicted to grow to around USD 4.49 Billion by 2032.
The global instant adhesives market is expected to grow at a CAGR of 6.10% during the forecast period.
The Asia Pacific region is expected to show the fastest growth rate over the forecast time period. This growth can be due to the region establishment as a hub of various end-use industries, such as electronic, automotive, and consumer electronics.
The key players operating in the global instant adhesives market are Henkel, 3M, TOAGOSEI, Master Bond, KGaA, Permabond Engineering Adhesives, Sika Corp., Arkema Group, Ashland, Avery Dennison, Beardow & Adams, and Royal Pidilite Industries.
The global instant adhesives market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTEL analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five force analysis, and value chain analysis.
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